A Permanent Tea Party

Unemployment Hits 10.2%: Rate crosses 10% for second time since Great Depression; manufacturing, construction and retail suffer.

Obama Jobs Deficit Hits 7.7 Million and Climbing. Heritage.

The Myth of '08 Demolished. Charles Krauthammer.

Three decades of subsidized risk. Big Government as co-conspirator. Charles Gasparino. One example:

Because families without the real economic means to repay traditional 30-year mortgages were getting them, housing prices grew to artificially high levels.

This is where the real sin of Fannie Mae and Freddie Mac comes into play. Both were created by Congress to make housing affordable to the middle class. But when they began guaranteeing subprime loans, they actually began pricing out the working class from the market until the banking business responded with ways to make repayment of mortgages allegedly easier through adjustable rates loans that start off with low payments. But these loans, fully sanctioned by the government, were a ticking time bomb, as we're all now so painfully aware.

Now Nancy Pelosi wants to spend a trillion or two on a job-killing new entitlement that won't work when we can't pay for the ones we already have on the books:

There are serious sustainability concerns that arise when considering an outsized long-term fiscal deficit. The concern is twofold; both the outsized and the perceived long-term nature of the deficit are problematic. Were it only one of these and not both simultaneously, the apprehension would be considerably diminished. While the budget gap will narrow in the near term as emergency spending slows during the economic recovery, the long term trend does not show a return to fiscal discipline, rather the destruction of it. The prevention of such an outcome lies in the hands of both policymakers and the electorate.

Quoting Honest Abe:

“You cannot escape the responsibility of tomorrow by evading it today.” – Abraham Lincoln

Looking for common sense.

A permanent tea party.

P.S. Chris Muir.