AMAC In The Media / Press Releases

AMAC Warns: A Perfect Storm of Financial Chaos is Just Months Away

‘Senate Democrats stubbornly refuse to allow consideration of a much-overdue budget’  –

BOHEMIA, NY, May 15 – “We’re just months away from a devastating, new financial tempest and Congress just sits there watching the gathering clouds,” warned Dan Weber, president of the Association of Mature American Citizens.

It’s a perfect storm that’s coming, consisting of a half-billion-dollars’ worth of expiring tax cuts and the onset of 18 new Obamacare tax hikes, Weber explained.  “All because Harry Reid and his recalcitrant Senate Democrats stubbornly refuse to allow consideration of a much-overdue budget.

“Think about it.  It’s been three years since the Senate passed a budget, something they are required to do by law.  Some speculate that any budget that comes to the floor for a vote might contain elements distasteful to the left and, thus, could negatively impact President Obama’s reelection campaign.  Inaction, however, will certainly result in financial chaos.”

The House passed a budget bill some time ago.  It is based on a plan offered by the bipartisan National Commission on Fiscal Responsibility and Reform.  That Bowles-Simpson plan, as it is known, was designed to “improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run” by putting a legislative focus on tax reform and spending cuts.

“The president created the commission two years ago but, apparently, it was too fiscally responsible for his taste,” Weber opined.  “Since then, he has avoided the topic of spending cuts, instead calling for tax hikes.”

Washington insiders have tagged what will begin happening after the first of the year, “taxmageddon” because of the serious implications for the economy if all those tax increases are allowed to occur.  Some believe that it could bring on a new recession—one more shattering than the one that occurred during Mr. Obama’s first term in office.

“It will impact the lives of all Americans, particularly seniors.  Political leaders from both parties must take action on these serious problems. Our members are demanding it and if those running for office continue to ignore the needs of our nation the voters are sure to remember in November,” warned Weber.

NOTE TO EDITORS: Dan Weber is available for telephone interviews on this issue and other topics important to older Americans.  Please contact John Grimaldi at jpgrimaldi@verizon.net to set up a chat.

ABOUT AMAC

The Association of Mature American Citizens [http://www.amac.us] is a vibrant, vital and conservative alternative to those traditional organizations, such as AARP, that dominate the choices for mature Americans who want a say in the future of the nation.  Where those other organizations may boast of their power to set the agendas for their memberships, AMAC takes its marching orders from its members.  We act and speak on their behalf, protecting their interests, and offering a conservative insight on how to best solve the problems they face today.

Read more articles by Daniel C. Weber

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47 Comments on "AMAC Warns: A Perfect Storm of Financial Chaos is Just Months Away"

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SO
4 years 3 months ago

And, just what have the repubs ruined? I seem to remember the entire world economy last year then they rejected and offer by the Dems on the budget to give back $10 in tax cuts for every $1 in tax increases for the wealthy. It takes two to tango. Think about reality and don’t be so quick to blame just one party.

SO
4 years 3 months ago

Sorry for another mistake. I said “tax cuts” when I meant to say “budget cuts”. There is not way to edit posts at this site once they go up they are cast in stone. My bad for rushing.

Paul
4 years 3 months ago

B Hussein Obama is the Manchurian Candidate

Michael
4 years 3 months ago

Read Christian Adams’s book “Injustice” and you will lose all confidence in the Republican Party’s ability to recapture the White House. Nobama has turned the DOJ into his own playground and is moving to make the Democratic Party unbeatable. Electing the Moslem president out of office may not be a possibility.

Jim W
4 years 3 months ago

I have always heard we get motiovated by “fear of loss or anticipation of gain”. I see both coming into play as this election approaches. We should be fearful of the great financial losses coming and even more of the great losses of liberty if we LET Obama have another term. But we also need to push for the POSITIVE – the anticipation of gain- If we get motivated and elect a conservative Senate and President, it will be amazing how quickly a lot of the restrictive things like Obamacare, business regulations, EPA, and gas prices can be turned around. Don’t trust Romney?….better vote for him anyway.. and put some new conservative Senators in there to help us force his hand to do the right thing.

Masatoshi
4 years 2 months ago

I would like to thnkx with the efforts you’ve place in cetraing this website. I’m hoping the same high-grade weblog submit from you in the upcoming as well. In fact your creative composing abilities has inspired me to have my own web site now. Genuinely the running a blog is spreading its wings quickly. Your write up is really a great example of it.

JC Vastine
4 years 3 months ago

Impeach Obama now befour its to late !!!!!

ron tucker
4 years 3 months ago

We all know the solution to this problem but I fear there are to many people that think this will all heal itself and their hero will guide them to the promise land. We need to vote out everyone and start with new blood and conservative ideas and start putting this nation back on track.

Frank W
4 years 3 months ago

Here we are, WE THE PEOPLE, our votes will count for nothing because of who, will be counting them. Food shortages are coming, Gun Control is coming, Drones are watching (us), Occupiers are here. What more do WE THE PEOPLE need to see before WE WAKEUP. The picture looks bleek, but with GOD at our side, WE SHALL OVER COME!
GOD BLESS AMERICA

JOHN OHARE
4 years 3 months ago

IF YOU HAVEN’T ALREADY DONE SO, GET THE BOOK “THE ROOTS OF OBAMAS RAGE”, ONCE YOU HAVE READ IT ALL QUESTIONS ARE ANSWERED, THE PRESENT AND FUTURE ARE LAID OUT BY THE MAN HIMSELF!!

will
4 years 3 months ago

It is time to get rid of every current bottom feeding politician in Washington. And do it right now. If they won’t leave then we should help them.

Larry
4 years 4 months ago

Obama, Biden, Pelosi, Reid and others need to be imprisoned for TREASON. Forget all benefits. Actually they should all be WANTED…DEAD or ALIVE!!!

No faith in government
4 years 4 months ago

There is a typo, I believe….you stated “a half billion dollars in expiring tax cuts”. It should read….”A HALF TRILLION DOLLARS”. A half billion is zilch in our economy.

John Oliff
4 years 4 months ago

I disagree with Erick. I have zero confidence that the scotus will shut down obozocare. There is absolutely no reason to believe that the justices are anymore concerned about the people than the rest of washington. Even if they do turn down the mandate, they will leave the other 2699 pages of this “charlie foxtrot” in tact and we are just as screwed

stephen c
4 years 4 months ago

Everyone made a point,it`s true many of us have our heads in the sand.There`s nothing to fear but fear itself.As a sixteen year when “PEARL HARBOR” was BOMBED I too was scared like every one else,did we hide the anwer is NO!!!!! Some went to Brittain/Canada to fight the Nazi Regime.While many of us enlisted after the attack.We`re facing this same fight today,only it`s from within.SO to sum it all, ON THIS MEMORIAL DAY remember those who payed the ultimate price,past and present,hold your head high,show those trying to destroy us that we have not yet begun to fight and we`ll never givr up!!!!!!!!!

Erich
4 years 4 months ago

The truth hurts and it’s the liberal democrats headed up by Obama who are the professionals of fear mongering. Simply look at the ads they publish trying to scare seniors into supporting Obamacare. Fortunately, I’m comfortable that the Supreme Court will do the right thing and abolish this nonsense. This… along Scott Walker winning will spell doom for this administration. Oh yea… where is the press coverage on the “native american” running against Scott Brown?? We need more Scott’s winning and returning this country to the core values it was founded on and prospered under..

Barbara Faulkner
4 years 3 months ago

Scott Brown is NOT conservative and most definitely is a RHINO. He is not helping the financial problem and is voting with the liberals too often. I helped with his campaign in 2008 and am totally disappointed in his choices once in office. I won’t back and/or help him again. There’s no difference in the candidates.

JOHN OHARE
4 years 4 months ago

IT IS INTERESTING TO SEE THE COMMENTS AND SO MANY SUPPOSITIONS ON THE UNKNOWNS WE ARE ALL FACED WITH TODAY, AND I COULD THROW IN SEVERAL MORE TO STIR THE POT; BUT NO ONE SEEMS CONCERNED THAT WE MAY BE ON THE COURSE OF NO RETURN DESCRIBED IN THE “BIBLE” THERE ARE APPARENTLY SO FEW AWARE OF THE PIT WE HAVE MANAGED TO DIG FOR OURSELVES INTO WITH ALMIGHTY GOD. IF OUR MONEY[IN GOD WE TRUST] LIES, WE ARE LYING IN THE PLEDGE,ETC,ETC HOW CAN WE NOT SEE OUR FUTURE????

James Wallace
4 years 3 months ago

I think that those in Christ, need not worry about the future. God is still soverign, and in control. Let us not trust those in washington or other positions of leader ship, but let us put our trust where it belongs, in the hands of God. Do what God is leading you to do. Contact your senators, let them know your thoughts, and then simply put the rest in the hands of God.

Babs O'Rooney
4 years 4 months ago

You bring up interesting points. Sodom and Gemorrah all over again maybe? seriously whatever happens, trust that God will take care of those who put their trust in HIM! and do not look back to see the destruction similar to what Lots wife did.

Carol Durand
4 years 4 months ago

It’s time that all of us who are still sane take the bull by the horns!! We MUST become active and VOCAL against this Marxist agenda and contact all of the Representatives and Senators …… to have our objections to this Socialist takeover of America finally heard….. LOUD AND CLEAR!!!! These leftists are attempting to rewrite history and erase our Judeo-Christian heratige. I know that there are many people standing in line to drink the kool-aid that simply have to be enlightened to this travesty. TELL THEM! Word of mouth is our only chance to get Obama, Soros and their ilk to go back into the hole they came from.

Richard V
4 years 4 months ago

It will take informed voters to turn the this juggernaut of a nation back on course. We certainly don’t get any meaningful Information from the media. All we get is who won DANCING WITH THE STARS or some other dribble. We should be thankful that someone is speaking out on the pending chaos facing this once great nation. Our future as the greatest nation on earth is at stake. This is hardly fear mongering.

George D
4 years 4 months ago
Joann D: While I have no doubt you are a loyal patriot and very concerned about fear and discomfort upsetting seniors, the hard reality is we are well beyond playing nice and ignoring uncomfortable facts. If we are to save what’s left of the nation that I, and many others fought for, we must face reality head on and clearly acknowledge who the “domestic enemies” are and meet them on the battle field of ideas and accurate information no matter how poorly it makes us sleep at night. The alternative to telling the truth, as Daniel has clearly done, will make you and the seniors you care about much more fearful in the future. I was privileged to take the oath on four occasions, during my career, and up until about the last time I was not real sure who the “domestic enemies” were. It is very clear to me… Read more »
Retired Master Chief
4 years 4 months ago

I heartily and fully agree with all you stated. We must be bold.

frank gugino sr
4 years 4 months ago

If the voters are stupid enough to re elect obama and not take back the entire congress,after all the warnings,you had better be prepared to defend your homes and property. The suburbs will not be far enough away from the inner cities.
You can never have enough gold and guns these days.

Babs O'Rooney
4 years 4 months ago

So true, all my friends have gold and guns, as DO I !!

Bob Martin
4 years 4 months ago

Why does Harry Reid not get prosecuted for breaking the law?(3 years with no budget)

Joe
4 years 1 month ago

c1c5Thank you for your site post. Thomas and I have already been sanivg for our new e-book on this matter and your writing has made all of us to save money. Your thoughts really responded all our queries. In fact, above what we had known before we came across your fantastic blog. I actually no longer nurture doubts as well as a troubled mind because you have actually attended to each of our needs in this article. Thanksb9

elizabeth
4 years 4 months ago

Can’t we demand he be impeacvhed or prosecuted or removed, he is a danger to our country

Matthew
4 years 2 months ago

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