Jeff Sessions

Y2K & Obamgeddon: It’s deja vu all over again!

While watching his fellow Yankees, Mickey Mantle and Roger Maris, hit homeruns, the incomparable Yogi Berra uttered the famous phrase:  “It’s déjà vu all over again!” 

In the now infamous and so-called Y2K “crisis” before the turn of the millennium on January 1, 2000, there were dire warnings for months in advance about mass computer and system shut-downs and countless disruptions of services all over the world.  It did not happen. 

Never before has an American president played the American people for fools such as Barack Obama has done this year with his apocalyptic warnings about what is going to happen tomorrow when the paltry “sequestration” spending cuts hit the federal government; a cut of little over 2% ($44 billion in actual outlays) out of a gargantuan fiscal year budget of over $3.5 trillion. 

The following are a few of the consequences, according to Obama and his liberal acolytes, that will occur if the scheduled cuts resulting from Obama’s own sequestration scheme  --  which he and his new Treasury Secretary Jack Lew hatched during the summer of 2011  --  go through tomorrow:

New debt chart shows US per-capita debt higher than Greece

Senator Jeff Sessions (R-Alabama) has released a new chart that compares the relative per-capita national debt placed upon citizens of the most indebted nations of the world.

The surprise (to some)?  That US citizens ALREADY have the highest per-capital national debt load in the world.  Higher even that Greece, which, as anyone who has been watching the news for the past year would know, has been going through a horrific debt crisis as a result of not being able to borrow more more to repay the money it has already borrowed...because the people they want to borrow it from (prospective bond buyers, etc.), don't believe they will be able to pay the money back.

How long before bond investors start to believe that about the United States?

Sessions released a statement which merits repeating here.  It offers his take on the debt - and the lastest Obama administration budget - as follows:

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