LIFE WITHOUT OBAMA ... AND THE BEAT GOES ON

THE FIRST CAUSALITY OF ANY PLAN IS THE PLAN WHEN THE 'RUBBER MEETS THE ROAD'.  WHY SHOULD BUDGET NEGOTIATIONS BE ANY DIFFERENT.  "WE THE PEOPLE" HAVE BEEN PUSHED UP AGAINST AN ARTIFICIAL DEAD LINE.  IN FACT THE DEAD LINE IS ONLY A DEAD LINE IF AND ONLY IF "OBAMA ADMINISTRATION" CAN'T STOP THE SPENDING.  THE DEBT CEILING WAS SET BY LAW.  SO WHAT IS THE PROBLEM? DID "WE THE PEOPLE" SOMEHOW BROKE THE LAW?  OR PERHAPS THE CONGRESS, THAT GREAT LEGISLATIVE BODY DIDN'T BELIEVE THE LAW APPLIED TO THEM. IF FACT FAR TOO MANY LAWS DON'T APPLIED TO THEM, PERHAPS THAT'S THE PROBLEM.  THEY AS A GOVERNING BODY ARE NOT ABOVE THE LAW AND IT APPEARS ARE INCAPABLE OF OBEYING THE LAW ... OR ARE THEY?
IF NOTHING IS DONE AND THE DEBT CEILING REMAINS AS IT IS ... THEN WHAT?  DOES THE WORLD AS WE KNOW IT STOP SPINNING?  I THINK NOT!

A PRESIDENT THAT THREATENS THE CITIZENS OF THIS COUNTRY DOES NOT REPRESENT "WE THE PEOPLE" OF THIS GREAT NATION.  OBAMA IN A NEWS CONFERENCE STATED THAT HE COULDN'T GUARANTEE SOCIAL SECURITY PAYMENTS, MILITARY AND OTHER GOVERNMENT WORKERS.  LET'S JUST FOCUS ON THE SOCIAL SECURITY (SSI) FOR THE MOMENT. REMEMBER WHEN YOU GOT YOUR FIRST PAY CHECK AND LOOKED TO SEE HOW MUCH IT WAS?  THEN YOU SAW WHAT YOUR CONTRIBUTION TO SOCIAL SECURITY WAS AND YOUR EMPLOYER MATCHED THAT CONTRIBUTION.  IT TOTALED 15% OF YOUR INCOME BEFORE TAXES.  NOW CONSIDER THIS. IF YOU AVERAGED ONLY $30,000 OVER YOUR WORKING LIFE, THAT'S CLOSE TO $220,500.  IF YOU CALCULATED THE FUTURE VALUE OF $4,500 PER YEAR (YOUR AND YOUR EMPLOYER'S CONTRIBUTION) AT A SIMPLE 5% (LESS THAN WHAT THE GOVERNMENT PAYS ON THE MONEY THAT IT BORROWS), AFTER 49 YEARS OF WORKING YOU WOULD HAVE $892,919.98. IF YOU TOOK OUT ONLY 3% PER YEAR, YOUR WOULD RECEIVE $26,787.60 PER YEAR AND IT WOULD LAST BETTER THAN 30 YEARS, YOU RECEIVE $26,787.60 PER YEAR AND IT WOULD LAST BETTER THAN 30 YEARS, AND THAT'S WITH NO INTEREST PAID ON THAT FINAL AMOUNT ON DEPOSIT!  IF YOU BOUGHT AN ANNUITY AND IT PAID 4% PER YEAR, YOU WOULD HAVE A LIFETIME INCOME OF $2,976.40 PER MONTH. THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADHOFF EVER DREAM.