Washington’s elite: Wasting billions and borrowing trillions

FreedomWorks
by Matthew Clemente

06/08/10

These ’spend now/pay later’ policies have left America with an estimated $1.5 trillion deficit for 2009. That means that the federal government is spending $12,664 more per American household than it actually has. Deficits normally rise during times of recession but typically they return to their pre-recession range once the economy has recovered. However, instead of dropping back down to the $100 billion to $400 billion range that America saw before the recession, President Obama’s budget shows annual budget deficits averaging close to $1 trillion for the 10 years...

http://tinyurl.com/28hhfqf



The deceptive debt ratio

TCS Daily
by Erik Voorhees

06/08/10

The United States has a growing debt problem. It also has a problem measuring the same. The statistic normally used is the ‘Debt to GDP’ ratio, referring to the amount of debt versus the nation’s sum total of transactions. As of Q1 2010, the US debt to GDP ratio was 87%. However, the Debt to GDP ratio should be ignored, because it is meaningless. It is worse than meaningless, because it disguises the true problem and lulls us into a false sense of solvency...

http://tinyurl.com/2eswlhz



The US is not too big to fail

The New Republic
by William Galston

06/09/10

As several recent surveys make clear, concern about deficits and debt is rising sharply. An NBC/Wall Street Journal survey conducted in early May showed that the share of individuals rating ‘the deficit and government spending’ as the top priority for the federal government to address has jumped since January from 13 to 20 percent — second only to job creation and economic growth. According to Gallup, ‘federal government debt’ now ties with terrorism for the top spot in perceived threats to our future well-being. It is entirely possible that we are reaching an inflection point in public attitudes that will force the political system to change course...

http://www.tnr.com/blog/william-galston/75390/the-us-not-too-big-fail


Informant: Thomas L. Knapp

--------

A Warning From Noam Chomsky on the Threat of Elites

By Fred Branfman

What is it like, I found myself thinking, to know more than any other human being on Earth about the state-sponsored lies to which Americans are so constantly subjected? What is it like to so feel in your bones, hour after hour, day after day, the pain of millions of "unpeople" suffering hunger, poverty and death caused by U.S. elites who today also threaten both their own nation and all humanity?

http://www.informationclearinghouse.info/article25663.htm



U.S.'s $13 Trillion Debt Poised to Overtake GDP: Chart of Day

"President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation's annual economic output "That will be a big burden on the government and the people."

http://www.bloomberg.com/apps/news?pid=20601109&sid=aa0cI64Gx.4E&pos=15



Senate weakens bid to tax Wall Street like rest of us

Senate Democrats Tuesday weakened efforts to end a controversial Wall Street tax break, watering down a bid to raise taxes on managers of hedge funds, private-equity funds, venture capital firms and other business partnerships.

http://www.miamiherald.com/2010/06/08/1670084/senate-weakens-bid-to-tax-wall.html



Banking System Collapse: Wake Up America Your Banks Are Dying

U.S. banks are being shut down by federal regulators at a staggering pace this year, and yet most Americans seem completely oblivious to it.

http://endoftheamericandream.com/archives/banking-system-collapse-wake-up-america-your-banks-are-dying



The Housing Non-Recovery

Fourteen percent of America's 56 million mortgages are already delinquent or in foreclosure. That means that 7.8 million people right now are not paying their mortgages. 7.8 million homeowners have been delinquent for 30, 60 or 90 days...or are in foreclosure already. 91% of the people who are currently not paying are never going to get back to current, according to recent statistics.

http://dailyreckoning.com/the-housing-non-recovery



Home builders won't lift the economy this time

Fewer homes mean fewer jobs. Construction fuels a broad swath of industries across the economy. Yet double-digit unemployment is among the main reasons people have passed on buying new homes. Even with near-record-low mortgage rates, the industry is struggling.

http://www.msnbc.msn.com/id/37725749/ns/business-real_estate/



More Poverty By Any Measure

By Christine Vestal

More than 15 million Americans are unemployed, homelessness has increased by 50 percent in some cities, and 38 million people are receiving food stamps, more than at any time in the program's almost 50-year history.

http://www.informationclearinghouse.info/article25924.htm


From Information Clearing House

--------

Growing movement of superrich planning to become new posthuman species
http://www.ufppc.org/us-a-world-news-mainmenu-35/9731/

--------

Legendary Secret Societies
http://www.lewrockwell.com/spl2/legendary-secret-societies.html

The US Power Elite, JFK, and the War on Vietnam
http://www.lewrockwell.com/orig11/pfaff1.1.1.html



http://freepage.twoday.net/search?q=Obama
http://sharenews.twoday.net/search?q=Vietnam
http://freepage.twoday.net/search?q=power+elite
http://freepage.twoday.net/search?q=secret+societies
http://freepage.twoday.net/search?q=too+big+to+fail
http://freepage.twoday.net/search?q=government+spending
http://freepage.twoday.net/search?q=budget
http://freepage.twoday.net/search?q=deficit
http://freepage.twoday.net/search?q=debt
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=GDP
http://freepage.twoday.net/search?q=poverty
http://freepage.twoday.net/search?q=banking+system
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=homeowner
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=unemploy
http://sharenews.twoday.net/search?q=homeless
http://freepage.twoday.net/search?q=food+stamps
http://freepage.twoday.net/search?q=Chomsky
http://freepage.twoday.net/search?q=Matthew+Clemente
http://freepage.twoday.net/search?q=Fred+Branfman
http://freepage.twoday.net/search?q=Erik+Voorhees
http://freepage.twoday.net/search?q=William+Galston
http://sharenews.twoday.net/search?q=Christine+Vestal
http://freepage.twoday.net/search?q=William+Pfaff

Users Status

You are not logged in.

Recent Updates

Will Turkey Sever Ties...
Syrian President Bashar al-Assad says the current tension...
rudkla - 24. Sep, 10:49
Merkel macht Stuttgart...
BUND: „Die Baukosten schießen in die Höhe, die Bauplanung...
rudkla - 22. Sep, 05:25
War Is Murder
http://www.lewrockwell.com /kwiatkowski/kwiatkowski25 6.html The...
rudkla - 21. Sep, 09:16
The surge in defense...
Independent Institute by Winslow T. Wheeler 09/18/10 Accordi ng...
rudkla - 21. Sep, 09:12
Amid flooding, CIA resumes...
MSNBC 08/23/10 After a little-noticed, weeks long...
rudkla - 21. Sep, 09:07

Search

 

Status

Online for 6618 days
Last update: 24. Sep, 10:49

Credits


Afghanistan
Animal Protection - Tierschutz
Australia - Australien
Big Brother - NWO
Britain
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Disclaimer - Haftungsausschluss
Environment Protection - Umweltschutz
Forest - Wald
Genetic Engineering - Genmanipulation
Global Warming - Globale Erwaermung
HAARP
Health - Gesundheit
Human Rights - Menschenrechte
... more
Profil
Logout
Subscribe Weblog