Politics

What are you thankful for?

United States of America

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Lord, I am thankful for today. I thank you for your Son Jesus, who gave His life that I can live. You said in your Words: “For God so loved the world, that He gave His only begotten Son, That whosoever believeth in Him should not perish, but have everlasting life” (John 3:16). Lord, I believe in Him, and I have committed myself to serve Him. The songwriter said:

“Oh, I want to see Him, look upon His face,
There to sing forever of His saving grace;
On the streets of glory let me lift my voice,
Cares all past, home at last, ever to rejoice.”

Lord, I thank thee for the United States of America, and all its people. We are an exceptional nation of many different backgrounds, culture and ethnicity, political and religious persuasions. And even though our people have various religious, political and social views–we are still the greatest nation on earth. We never fail to lend a helping hand to anyone who will accept it. Many people around the world look to this great nation for help and inspiration.

Lord I thank you for our leaders, past and present. I thank you for our president and his cabinet and the different agencies of government. I thank you for the Legislature, the Judiciary and the Executive branch. Grant our leaders wisdom, knowledge, and understanding. Prevent them from leaning on their own understanding. Remind them dear God, of your words in Proverbs 3:5-6: ” Trust in the LORD with all your heart and lean not on your own understanding;  in all your ways submit to him,  and he will make your paths straight. Guide their hands O God, and let them exercise wisdom in their judgement–just like Solomon did to settle the dispute between two mothers (1 Kings 3:16-28).

Lord, I commit this great nation into your care. I pray that you will speak to the hearts of our leaders and all people. Remind us one and all, what made this country great in the first place. History has shown that it was not the effort of any one ethnic group or political party, but it was a joint effort of all people. Remind us heavenly father that irrespective of our color class or creed, we are one nation under God, indivisible, with liberty and justice for all… Thank you Lord.

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Politics: Super Committee Failed To Make Tough Choices

By JOE SCARBOROUGH | 11/21/11 6:12 PM EST
Here’s a message to Washington politicians: duck.

Your failure is now complete. You were faced with a generational challenge to save Americans from the type of collapse European countries are now facing and you blinked. Actually, you did worse.

Read more: http://www.politico.com/news/stories/1111/68876.html#ixzz1eRAFAmaf

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The Super Committee Kicks the can again

The special Congressional committee (Super Committee) charged with the responsiblity of cutting the level of US government debt is on the verge of failure.The committee had been charged with finding $1.2tn in savings by Wednesday. But according to Reuters, that is not happening, and the 12-member committee made up of Republican and Democrat will issue a statement on Monday, saying they have been unable to reach a deal.

How did the US debt get so bad?

 The US had its debt downgraded by the ratings agencyStandard & Poor’s in August after narrowly averting a debt default. The debt problem has not gone away, though, and total US debt is expected to overtake GDP, the total amount of goods and services produced in the country, this year.

On personal debt, many people blame the period of extremely low-interest rates that followed the dotcom bubble bursting and 9/11 for creating the housing market boom, which then led to the sub-prime mortgage crisis. That was followed by the financial crisis that caused the 2008 recession.

The federal government is estimated to have spent about $1.6tn  on its response to the financial crisis, which put a big dent in the public finances. The crisis also meant that the government received less in taxes from companies and people hit by the downturn.

Fighting wars in Iraq and Afghanistan has been another big cost for the public finances in the past 10 years, estimated to have cost about $1.25tn so far. Some people also blamePresident Bush’s tax cuts for the level of debt that the US government now finds itself dealing with.

Among the most serious problems since the financial crisis has been rising unemployment, which increases the amount the government has to pay in benefits as well as reducing the tax take. Most disturbingly, there has been zero net job creation in the US since 2000.

More than half of the annual budget is mandatory spending, which would be difficult to cut. Of the discretionary spending, more than half goes on security, which is also hard to cut. Without tax rises or major economic growth, it would be hard to cut enough to get rid of the deficit.

Read more: http://www.bbc.co.uk/news/business-14760684

Newt Gingrich talks his way into trouble

Former Speaker of the House Newt Gingrich spea...

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Former disgraced Speaker of the House, Newt Gingrich is back in the saddle after falling off his horse at the starting line. At least according to one poll (Public Policy Polling), Gingrich is actually the GOP front-runner. But this sudden surge in his popularity may not last. He was caught lying  about his involvement with mortgage giant, FREDDIE MAC.

Mr. Gingrich has been relentless in his criticism against FANNIE and FREDDIE–in public. But secretly he was a lobbyist for FREDDIE MAC.

According to Bloomberg News: “Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement.

The total amount is much larger than the $300,000 payment from Freddie Mac that Gingrich was asked about during a Republican presidential debate on Nov. 9 sponsored byCNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse.

Gingrich’s business relationship with Freddie Mac spanned  eight years. When asked at the debate what he did to earn a $300,000 payment in 2006, the former speaker said he “offered them advice on precisely what they didn’t do,” and warned the company that its lending practices were “insane.” But former Freddie Mac executives who worked with Gingrich dispute that account.”

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Rick Perry’s embarrassing political debate blunder

Perry Event 2/1/2010

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The big political story of the week was a political blunder in the CNBC debate last Wednesday night by GOP nominee hopeful, and Governor of Texas, Rick Perry. He could not remember one of the three federal agencies he would like to eliminate, if he is elected  president.

“Turning to Texas Rep. Ron Paul to boast, Perry said: “I’ll tell you: it’s three agencies of government, when I get there, that are gone: Commerce, education and, the –uh — what’s the third one there? … Commerce, education and the uh, the uh…” before being interrupted by a question. “The third agency of government I would do away with — education, the, uh, commerce, and let’s see — I can’t. The third one, I can’t. Sorry. Oops”

About 15 minutes later in the debate, Perry said he meant to say that the Department of Energy is the third agency he wanted to eliminate.

It was an embarrassing and excruciating moment for Perry, whose poor debate performances have defined his campaign. His poll numbers have declined steadily since his first debate. Critics have noted that his stamina in the two-hour-long debates seems to wane.

PERRY: I will tell you, it is three agencies of government when I get there that are gone. Commerce, Education, and the — What’s the third one there? Let’s see.

(LAUGHTER)

PAUL: Five.

PERRY: Five. Okay. Commerce, Education, and the —

[UNKNOWN]: EPA?

PERRY: EPA. There you go.

Q: Seriously — is EPA one you are talking about?

PERRY: No, sir, no, sir. We are talking about the — agencies of government — EPA needs to be rebuilt.

Q: You can’t — you can’t name the third one?

PERRY: The third agency of government I would — I would do away with Education, the —

Q: Commerce.

PERRY: Commerce and, let’s see. I can’t. The third one, I can’t. Sorry. Oops.

According to Peter Hamby of CNN, Perry showed up at the spin room after the debate and told reporters, “I’m sure glad I had my boots on because I sure stepped in it out there.”