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Unusual Credit Union Failure - Bensenville Community CU in Illinois


Unusual Credit Union Failure -  Bensenville Community CU in Illinois

There were no bank failures this week, and no federally insured credit unions were liquidated. However, there was one failure on Thursday. A privately insured credit union was closed on Thursday by Illinois state regulators. The private deposit insurer is American Share Insurance (ASI), and it announced the closure on its website:

American Mutual Share Insurance Corporation (ASI) announced today that it has accepted appointment as liquidating agent of Bensenville Community Credit Union, located in Bensenville, Illinois, when the Illinois Division of Financial Institutions ordered it closed on July 31, 2014 due to inadequate capital.

Credit Union 1 of Rantoul, Illinois, purchased all of Bensenville Community Credit Union’s loans and other assets and assumed all of its share account liabilities, enabling Bensenville Community Credit Union’s members to continue to receive uninterrupted credit union services.

ASI was able to arrange for Credit Union 1 to assume all deposits from Bensenville. Thus, no depositor should have lost any money. Bensenville Community Credit Union was small with only $14.0 million in assets and 2,200 members as of June 30, 2014.

It has been awhile since an ASI credit union has failed. Based on my records, the last one failed in May 2012, and that was also in Illinois with Credit Union 1 assuming all deposits.

Occasionally I report on good deposit deals at ASI credit unions, and this brings up the concern about depositing money into an institution without federal deposit insurance. With federal deposit insurance (either from the FDIC or NCUA), the insurance fund " is backed by the full faith and credit of the United States Government." With ASI deposit insurance, the insurance fund depends on the health of the private company ASI. If ASI goes out of business, you could lose your deposits if an ASI credit union is liquidated. However, that has not happened since 1974, the year ASI was formed.

There have been some concerns that ASI could have trouble if one or more of its big credit unions were liquidated. One of those troubled large credit unions is Silver State Schools Credit Union. This is a large Nevada credit union that has been having financial problems for the last several years. ASI has provided assistance to this credit union, and the credit union now appears to be healthier.

I have more details on ASI deposit insurance in this blog post.

Below is a summary of the credit union liquidation:

7th Credit Union Liquidation of 2014 - ASI-Insured (July 31)

  • Liquidated CU: Bensenville Community Credit Union, Bensenville, Illinois
  • ASI Press Release
  • Size: 2,200 members and had assets of approximately $14.0 million
  • Acquiring CU: Credit Union 1, Rantoul, Illinois


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Anonymous   |     |   Comment #1
IMO, private CU insurance makes no sense for depositors. It is not even clear that a CU saves enough money vs NCUA insurance to make private insurance a good choice for a CU. 
Anonymous   |     |   Comment #2
As Ken correctly wrote:  "With federal deposit insurance (either from the FDIC or NCUA), the insurance fund "is backed by the full faith and credit of the United States Government." "

Given that is the sole backing provided by FDIC and NCUA, one is wise today to consider whether perhaps private insurance might not be better.  After all, the private insurers are actually solvent.  The United States Government, on the other hand, is $17 trillion in arrears currently, with future unfunded obligations of roughly $100 trillion.

Some would argue America, financially, is a house of cards, a shell.  That's not true.  There is not even a shell remaining.  There is only a gargantuan financial hole, which grows larger with each passing hour, where once a great country stood.  America is living large on a huge credit card.  And we are making the monthly payments using still more borrowing against the very same line of credit!!  The private insurers would never try to get away with that.

In short, should a sufficiently serious nationwide financial crisis arise, our FDIC and NCUA "insurance" will simply evaporate.  It will be "gone with the wind", just like what is happening today in Argentina, except worse.  The whole thing is such a remarkably sick joke.
Anonymous   |     |   Comment #3
The USA worse than Argentina? LOL. Believe me even if the US collapses this would still be the best place to be. 
paoli2   |     |   Comment #4
I hate to admit it but I think you are on target.  But if so, why do so many thousands of those illegal immigrants want to join us in our black hole?  Don't they get the national news or have tvs in their countries??
beta (anonymous)   |     |   Comment #5
You assume they even have TVs or an easily accessible outside source of information. Some are refugees fleeing from drug/gang wars. They don't have access to the same resources we do.
Also - the original comment is nonsense. Government debt means very, very little with fiat currency - whether a nation is solvent depends on internal resources and the ability to leverage them, as guided by modern macroeconomic theory. Currency is really tied to labor utilization, not to some meaningless number like debt.
paoli2   |     |   Comment #6
#5 If they don't have an outside source of information, how are they so well aware that if they can endure the long track to our border, the US is allowing them in?  Could it be that many on our side have a "reason" for spending billions of our tax dollars on supporting them when they get here? As I have written to so many in Washington "Charity begins at HOME!!"
Anonymous   |     |   Comment #8
Thanks for yet again sharing your unsolicited and completely off-topic political opinions with us. I've always viewed this as a fairly unfriendly site because too many posters like you insist on endlessly trolling the readers with your peculiar opinions about virtually anything but banking issues. It amazes me you haven't taken to posting recipes as well. The reasons foreign nationals illegally enter the United States are blatantly obvious. They've been reported on in detail which makes your latest outburst seem even more bizarre. Acting out on this site serves no purpose. There are plenty of other venues that would arguably serve as a better forum for you to seek attention.  Since you're obviously not contributing anything noteworthy here, consider finding a new audience that might be needy enough to take you seriously.
Anonymous   |     |   Comment #9
Paoli2:  Your 100% correct!  "Charity begins at HOME!!".  I've been saying that for years.
paoli2   |     |   Comment #10
#9  Right On!  However don't just say it, write it in CAPS to all your senators and congressmen concerning the illegal immigrants issue.  We should have a say in where they spend our hard earned tax dollars.
Anonymous   |     |   Comment #7
It is persons like yourself who empower the fools running things in America today.  "Modern macroeconomic theory" is just that;  it is purely theory, and differs markedly from reality!  There is no such thing as a free lunch!!
paoli2   |     |   Comment #11
"There is no such thing as a free lunch!!"
Yes there is!  Or did you not hear about what it is going to cost us to feed and care for the thousands coming through our OPEN borders!  (That is it for me today on this subject.  Time to chat with my "leaders" in Washington!")
Anonymous   |     |   Comment #12
Obama and the democrats want open boarders, which means, you and I will pay for their delusional experiment.
Those people are young, uneducated, nor want to be educated or assimilated.
They came and still coming for the benefits they will receive for life and again, we will borrow money form China to feed, wine and dine the leeches from the world.
Welcome to democrat's utopia of open boarders. Free for all means, those people will never contribute a penny in taxes back to the society.
Start getting read off the democrats in November, they have become our inside enemies.
Anonymous   |     |   Comment #13
And, the Republicans want the cheap labor...so, keep them coming!
paoli2   |     |   Comment #14
Both parties are going to fry for their part in this fiasco which we can not afford.  I sure want no part of either party if they don't get those borders closed SOON and get those illegals back to their own countries.  I'd rather vote for Donald Duck but I think he is already in office!
Anonymous   |     |   Comment #15
One has to wonder if these illegals will continue to migrate farhter north and invade the country of Canada.
Anonymous   |     |   Comment #16
The Republicans will stop them before they get there so that the employers south of the Canadian border can employ them!
paoli2   |     |   Comment #17
This is not a joking matter.  Many of these illegals are too young to employ so "we" are going to have to support them and give them healthcare and education etc.  I don't think the Canadians are going to put up with being invaded and having to support them so once they get across our border, "we" get them whether we like it or not.  After all, in their own country, they are being told once they get across the American border, we will take them in.  They are not being told the Canadians will take them.  This is a pathetic situation for those immigrants to be in and even more pathetic that our nation makes them think we are waiting for them with open arms! 
Anonymous   |     |   Comment #19
Paoli2, the democrats created this mess and now they will blame the republicans, even Bush for the destruction of this nation, even some of the readers, immediately jumped on the republicans.
The republicans do not want cheap labor, they want educated and productive and morally uncorruped emigrants, that is a huge difference you democrats supporters and voters who do not realize that you are creating this problem too. California will be taken away from you by the Latinos and you will work  and pay for them and keep them on welfare from cradle to grave. I have never seen so narrow minded people like Californians.
Anonymous   |     |   Comment #20
What is pathetic, is the voters who put the very politicians they complain about in office in the first place and continue to re-elect them.  Now that's PATHETIC! 

Relax, make the best of a worsening situation, and enjoy what life you have left.
paoli2   |     |   Comment #21
Why waste time "enjoying" our nation going to Hell when maybe we can stop it if we pull out of our apathy and let Washington know we won't leave a destroyed nation to our children!  What will they get to enjoy??
beta (anonymous)   |     |   Comment #32
#6 - they may not actually know how long/difficult it is. A lot of them are being "informed" by the human smugglers themselves - who, obviously, have financial incentives to bring as many people as possible.
Also: Do not bring partisanship into this. This isn't new, just more publicized now that larger numbers of children are coming in. Illegal immigration as a whole was higher under Bush.
Okay, to bring this at least somewhat relevant to the topic of this site: immigration isn't inherently a bad thing - economically, it's far better to have immigration than emigration. The "illegal" part of it is really how they're taken advantage of by just about everyone - the people who get them there, employers, police, etc. If you feel they're taking your jobs - well, as someone said, "If someone with no connections, money or skills can take your job, there is perhaps something wrong with you or the job."
Anonymous   |     |   Comment #22
#20, ignorance will backfire at all of us. If you can enjoy life, the rest of us will have to provide for you and the millions the democrats let free to come over. It is a such ignorance not to get involved and do something, at least vote the destructors of the nations out of office and you certainly know who are those. Look Pelosi, she said the more they come the better for the nation, they will dilute the national debt and we can borrow more money to pay for them.
Such logic is perverted and stupid, those people (the democrats) have no shame or knowledge of how our nation works, get read off them.
Anonymous   |     |   Comment #23
Ok, some people just don't know when it "lights out".

In the mean time, I will be laughing all the way and enjoying life to it's fullest.  Much better than being in the constant state of depression. 

VOTING is not going to change things for the better.  That has been proven time after time.  Keep on dreaming.
Anonymous   |     |   Comment #18
Right on! I'm hiring now!
Anonymous   |     |   Comment #24
paoli2   |     |   Comment #25
I don't consider myself of either party but my only comment is do you really think this came about just by stupidity?  A debt this horrendous is never by accident no more than allowing thousands of others to flood in our borders and make it even higher.  This is going to be the scariest next 2 and half years our country will have to "try" to survive.  Worrying about interest rates is going to be the least of our problems.
Anonymous   |     |   Comment #26
Calm down. All they've done in Washington is ensure we have two classes...the really haves and the really have nots. I assume you're in the former group.
paoli2   |     |   Comment #27
Be careful what you assume.  I think if things don't change soon, we're "all" going to be a part of the "really, really have nots".  Sure hope they keep their printing machines in great condition!
Anonymous   |     |   Comment #28
What don't you understand?  The majority of voters got what the VOTED for.  The minority have to tag along.  That's how it works in our Republic.
paoli2   |     |   Comment #29
Why don't "you" understand that what they got was NOT what they expected!  Being able to give a great speech that will win votes for you makes you a good actor.  It doesn't insure you can or will be able to be a good leader.  Politicians tell us what they want us to hear and we don't get to see their real selves until they get voted in.  THAT is the problem!  We are only now seeing the real Obama and unfortunately he got a second term so we have to wait him out.  Doesn't mean we have to pretend we like it or what he isn't doing for our country. 
Anonymous   |     |   Comment #30
Wake up. Do you know how many of the wealthy are absolutely thrilled with this administration? While you're scrounging a few percentage points they are making 20% a year. The poor and uneducated got ****ed the first four years and they came back begging for more. #28 nailed it and you're wrong. I lived in Chicago and knew exactly what we were getting, as did many others. Study history and you'll sleep better knowing you're an American.  
Anonymous   |     |   Comment #31
For the record, that was simple word that got **** out
paoli2   |     |   Comment #34
#30  I think you are the one who is sleeping.  Ask most people why they voted for Obama and you'll find out I am correct in my assumptions.  Ask them NOW how they feel about him and you will KNOW I am right!  Unless you are psychic, no voter really knows the real person they are voting for.  I don't have to study history to be glad I am an American.  It is HISTORY which convinces me that our country was never meant to be run into the ground like this! Now you can just go to sleep and try saying what you mean and "mean" what you say so you won't have to bleep out your own words.
Anonymous   |     |   Comment #35
Primarily voted for Obama the same reason those in 1936 for Roosevelt (Soc Sec "validated" by election), 1964 (Medicare validated after landslide), Bush (after prescription drugs), etc.  Obama allowed the passage of ACA and allowed people like those on DA to have an option to retire before 65 and obtain medical coverage (with the private sector participating through ins companies) at a reasonable price!  One could not plan for retirement before ACA unless they had a "corp/gov't provider" that provided coverage...and remember that could be eliminated by them!  Not now.  As to the economy, he is solving it given the makeup of Congress.

Anonymous   |     |   Comment #38
Relax, take a breath and try to be less insulting, thought it is in line with classic American politics. Google Charles Sumner, please. Now, how do you think the unemployment increase to 6.2% will affect CD rates? 
paoli2   |     |   Comment #39
What does being anti-slavery (Sumner) have to do with the issues we are facing today??  I would love to have more politicians like Sumner who had the passion to follow through on what he felt had to be done.
Anonymous   |     |   Comment #37
" Being able to give a great speech that will win votes for you makes you a good actor."

 There's the heart of your problem, paoli.  You know that and yet you and others still vote for the politician that tells you what you want to hear without researching their backgrounds and what bills they supported or how they voted on bills in the past.  Happens every election without fail and the politicians know it and use it to their advantage.  Gullible people, pander to the crowd = votes.
beta (anonymous)   |     |   Comment #33
Sure. It initially increased dramatically under Reagan and the first Bush, started tapering off when Clinton was president, and shot up when Bush was president. There you go, made your partisanship backfire. (trolololol). No, seriously, you're just looking at a bunch of meaningless statistics, backed by economics made obsolete when we switched off the gold standard to fiat currency. Get this into your head: We do not have a finite supply of "currency materials" - not as long as technology keeps advancing and labor efficiency and material improvements continue. In fact, with further automation, what we think normally as an "economic system" will be obsolete - simply because quite a bit of labor will not be needed anymore due to robots. Yes, robots.
Anonymous   |     |   Comment #36
I did read all of the comments and found that none of you admitted that the democrats are really at fault for this debt. Therefore, I conclude, we have idiots voters, staunch democrats, blame anyone but Obama and we will still vote our party line no matter what.
This country is finished because of stubborn people like the democrats. Even a proof submitted by reputable entity is being ignored and nullified by the democrats who still think this is a us against them. There is no such thing, we will all burn at the same time, when your savings will disappear as worthless dollars are printed to pay the interest on the worthless dollars issued, thanks to the unbelievers and the democrats who want unlimited debt ceiling
Anonymous   |     |   Comment #40
I agree with you, the democrats run deficits year after year at a trillion dollar shortfall. Just the welfare paid out is over $600 billions per year and if you include the entitlements, defense, health care, federal workers and grants which totals over $3,454,253,000,000.
The inflows was about a trillion dollar short. Now if you are democrat, please give us you excuse for it.
This is the proof that Obama administration is doing this on purpose by ignoring the present economic condition and inflows and outflows of the money and is engaged in destruction of the dollar by either printing or borrowing to pay for the leeches of the world that have nested in USA, althewhile the democrats cheer to such destruction.
Please read this first:
Anonymous   |     |   Comment #41
#40, thanks for the info, I did read it and one thing I notice is that Obama administration counts the partial printing of the money as an inflows to remedy the huge short fall. What a scam Obama is involved in, I think if we do not stop him at least partially in November, forget everything this nation has built or sacrificed in life for. We will have future of burden from hear to the moon. Why it is our responsibility to cater to the illegals is beyond belief, why the democrats are behind it is even more suspicious.
Destroying a nation is easy, to build it, it took over 200 years, stop the democrats any way you can.
Now most of us understand why there is no yearly budget or debt ceiling limit, it is against the democrat's policy and agenda.
paoli2   |     |   Comment #42
Thanks for the link.  It is very frightening to read those charts and know that the politicians we elect can read them and ignore them.  Unfortunately, I don't think this can just be laid at the feet of the democrats.  How can any politician in Washington see these figures and not scream out for a resolution of our financial state?  How can any American see those figures and not scream out at their representatives to do something to stop this horrendous drain of our finances?  How can Obama know about these figures and accept the responsibility of the Presidency and not DO something about this?  When is the apathy of most Americans going to give way to speaking out against what is being done to our "once" great nation?  Can we all say when the end comes that we did "our" part to stop it?  That is the real question.
Anonymous   |     |   Comment #43

Our "once great nation"'s problems are beyond the point of NO RETURN.  Those who believe it isn't are only kidding themselves.  Our "once great nation" is responsible for it's own demise.  Stop being sorry.  Look at history.  No great nation dominated for ever.  We had our time in the "lime light".  Now it's "Lights Out"!
paoli2   |     |   Comment #45
IT'S NEVER TOO LATE TO MAKE CHANGES!  It's because of your type of attitude that our country is in the hands of those that are allowing her to be destroyed.  I will never give up on "trying"!  I plan on sharing that link which the poster shared with certain others I think need to see it.  Many people don't take our problems seriously.  So turn "your" lights out and go to sleep while you let others fight "your" battles!
Anonymous   |     |   Comment #50
#46,48, Most of us do not trust the propaganda machine for the democrats and Obama, it is called BLOOMBERG, where the facts are fudged and the bad news is shaved under the rag. Bloomberg supports the democrats with millions in donations every year for exchange in favors and tax exemptions, but you will never see it posted at bloomberg.com.
Nice try, but most of are avoiding it like a plague since Bloomberg wants amnesty for all illegals and welfare for the whole world. Your made up facts are good to fool the uninformed, like other democrats, they may buy into your scam as always.
Anonymous   |     |   Comment #47
For starters, we need to elect a government that takes action instead of just giving out a bunch of lip service.
Anonymous   |     |   Comment #48
Ever hear of the ACA?
Anonymous   |     |   Comment #49
Yawn...........'night all, sweet dreams!!!!!
beta (anonymous)   |     |   Comment #51
Not this nonsense again. How many times is it necessary to repeat this to get it into your thick heads: Government finances are not like personal finances. Because the government controls the monetary supply, it is not subject to the same kind of restrictions that personal finance is. Simply said: it could very well just mint a 40 trillion dollar coin, put it into the treasury, and voila, no more debt. And no, this wouldn't cause rampant inflation - because there's no increase to the number of dollars actually entering the economy. "Government debt" is just numbers shifting, and something brought up by ultrapartisan factions when they don't like the guy in office and are grasping for straws as to why. Where were all of you 8 years ago, anyways? If everyone threatened to not fund the war in Iraq, we might not have gotten into the mess that we're in today. No, increases in defense spending didn't start with Obama - pretty much every president in the past has increased its budget at some point.
Oh, and, oddly enough, despite all of the money given away, we still have below-target inflation (though it's getting better). That indicates that there is still somewhat of a shortage in the monetary supply compared to production capabilities (too few dollars chasing too many goods).
beta (anonymous)   |     |   Comment #52
(Oh, and before someone brings up Europe: No, any particular nation in the EU does not have the same issues. The EU nations generally cannot print their own money.)
Anonymous   |     |   Comment #53
Liabilities would still exist and any default on such would result in calamitous global instability. The "debt" and "deficit" concerns are about the nation's ability to service the debt, not eliminate it. There is no magic wand or, as some have opined, magic coins.
Anonymous   |     |   Comment #54
What the democrats do not understand is, once the debt is registered at the treasury department, stays on the books until paid back.
USA can not wipe the debt by filing bankruptcy, it must be repaid back because USA pledges its citizens as collateral for security of the debt.
That means, once created it is permanent obligation forever, read the treasury dept. about financing US debt and issuing bonds.
That is why there is friction in Washington, the democrats are irresponsible party and the republicans want to stop the insanity the democrats have fallen into.
Anonymous   |     |   Comment #55
Democrats or Republicans, is there really any difference?  Not when it comes to what is in the best interest for ALL the citizens of our country.  Both parties are corrupt, drunk with power, money and influence. Both parties are only concerned with catering to the top one percent.  And that is not going to change. 
paoli2   |     |   Comment #56
So vote for an Independent!  Who says we have to vote for #1 or #2?  I would love to see some new really caring people get into office who truly want to do right by our country.  Of course, after they have been corrupted in office after a term or two, we will just have to dump them out too!
Anonymous   |     |   Comment #64
Do you think you're entitled to higher CD rates or is this just another meaningless political rant.? 
Anonymous   |     |   Comment #57
#55, Yes there is a big difference, if you only do your own search for the real news and not depend on the public media that continue to brainwash the masses.

For starters, democrats want unlimited debt ceiling, republicans want to start to pay on the national debt.
Democrats want to open the boarders and let every gunk on earth make USA their free welfare cash cow.
Republicans want controlled immigrations with closed boarders and to allow only the educated and productive people to come here.
Democrats want to abolish the constitution and rule by presidential decree and take away all of your God given rights.Republicans want to preserve and enlarge our freedoms.
Democrats run the country without yearly budget, republicans want balance budget constitutional amendment so all of will not be burdened with future debt created do far mostly by the democrats.
Democrats want to tax the life out of every working Americans, the republicans want to cut your present and future tax liabilities.
Democrats like USA to be militarily weak and irrelevant on the world stage, republicans want to be strong and respected as a nation with principles.
Democrats want you to depend on handouts from the government and are not interested to create jobs.Republicans want Americans to be fully employed and well off and independent thinkers.
Democrats allow child support pay for the kids in Mexico to persons who never report any income to a tune of $2 Billions every year, republicans want to stop the fraud and abuses allowed by IRS.
The democrats are 10 times more corrupted than the republicans in morals, openness and truthfulness.

I could go into infinity to point out the differences, but most of you will not be interested to read long posts.
paoli2   |     |   Comment #58
And all this info is coming from a Republican???  When are we going to get to read the post telling us how rotten the Republicans are by a Democrat?  You both had your chance and failed!  Move over and let the new breed have their chance! 
Anonymous   |     |   Comment #59
Paoli2, there is no time for experiments to create third party, it is either Republicans or the democrats win by default.
The democrat voters will never go for a third party, so you will split the independent and republican in 2 and they both lose against the democrats. Your idea is good, but a decade to late.
Time is precious now, just get rad off the democrats and I;m independent voter.
paoli2   |     |   Comment #60
#59  We have two Independents in the Senate and Rand Paul is supposed to be a Republican but basically is a Libertarian.  Although the numbers are very small it shows that voters are sick of the shenanigans of both main parties and I think would vote for others in a different party if they ran.  I sure would! 
Anonymous   |     |   Comment #61
For those that "may" think debt ceiling is a "real" issue.  Consider this, the current debt ceiling argument is based upon a statute (approx. 100 years old) and it has never been challenged.  But here is the rub...the constitution prescribes the manner to pass appropriations and ALL the appropriations were properly signed into law!  Thus, as the argument goes, the debt ceiling statute/argument now is a red herring!  The time to manage any debt ceiling is in the enactment/appropriation process as prescribed in the constitution...thus, thus, the constitution trumps the phony debt ceiling statute!   Go ask Treasury, if push comes to shove... the Treasury will continue to issue debt notwithstanding the status of debt verses debt ceiling statute since the debt was appropriately promulgated!
Anonymous   |     |   Comment #65
#61, Stop spreading lies, the national debt is what drives all of the politics, money, economy, taxes and all laws connected with future entitlements. The constitution has nothing to do with the debt ceiling, but is a national and international obligation to pay it incurred by borrowing and printing money. The registered debt with the treasury is our report card as a nation.
More debt, the weaker the nation and standard of living goes down. Sooner or later we will have to deal with this debt, the sooner is the preferable choice. Even now is already not manageable, this debt takes over $400 billions a year from our taxes and we will be short of money in perpetuity.
Do not believe a word the democrats say about it, they are talking to their constituents, the morons and the welfare junkies and the idiot voters. You and I and many generations beyond us will curse the democrats for destroying our and their standard of living.
Anonymous   |     |   Comment #66
 The constitution is the contract that we all have and fought for...and has a lot to do with debt ceiling.  BTW, and, the WMDs are in what closet?
Anonymous   |     |   Comment #63
Paoli2, Please do not go there, a third party will make the democrats unbeatable in any future elections. Fact, most Americans or at least 100 millions are democrats supporters, dependent on nanny state handouts and not interested in anything else but their party to win at cost the rest of us and arm and leg. Be realistic, couple of senators or couple of reps will not cut it, vote the dems out every chance you get, that is our only hope at the moment.
paoli2   |     |   Comment #67
#63  I understand this but even if it is only 3 others we are voting for instead of the Dems or Repubs, it is giving them a message that we are looking for new ones.  It is also a message to others who may want to run for these parties to give it a go.  I truly think voters are so disgusted with both parties they would give the newbies a chance.  Now that is saying that these candidates have found a way to show we can count on them before we just arbitrarily vote for them.  Obama promised "change" so let's give him a change he wasn't expecting!
Anonymous   |     |   Comment #69
Paoli2, It is either R or D in November, there is no I or T or O. You need grass root changes, backed by billionaires and 100 million people to be able to oppose the democrats, stop salivating, it is not going to happen.
Anonymous   |     |   Comment #62
#57, just face and accept reality.  Past history proves BOTH major political  parties are in it only for themselves.  Take the blinders off and vote for the best qualified person for the elected position.  Forget "party loyalty".  That's what helped get our country into mess. 
Anonymous   |     |   Comment #68
#55, Only a democrat will agree with your statement, just involve the republicans and the democrats are of the hook for what ever they do that is a destruction of the country, either the immigration or open boarders or taxes, isn't that true?
Anonymous   |     |   Comment #70
No.  Comprehension problem?  BOTH major political parties are equally guilty.  Each in their own diabolical way.
paoli2   |     |   Comment #71
#70  You are right!!  But how can you make your statements and not want to do something about what both parties are NOT doing for our country?  The Inmates are truly running the Asylum and the Head Doctor seems to be in a coma!  HE can't and won't make decisions and are we just to sit back and allow our country to sink into the quicksand of all the crisis going on all over the World?  WE need a PRESIDENT!
Anonymous   |     |   Comment #72
Both parties passed and the President signed today the VA bill and most acknowledge that the funding for the out years was not provided.  The Gov't will need to borrow the unfunded authorization...again, approved by Reps&Dems.  Does anyone think that this is subject to any debt limitation statute?  And, can the Treasury, like other authorizations, borrow the requisite dollars?