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55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don’t really grasp exactly what is happening.  30 years ago, our national debt had just crossed the one trillion dollar mark.  Just recently, it crossed the 16 trillion dollar mark.  Prior to every election, politicians from both parties swear up and down that they will do something about our exploding debt, but it never happens.  Once again this year, our politicians are making all kinds of grand promises about getting U.S. government finances under control.  But they are also promising all kinds of new plans and programs which are going to cost a lot more money on top of what we are already spending.  For the average American, all of this can be incredibly confusing.  That is why I have put together a list of facts about the debt and U.S. government finances below.  These are things that every voter should know.  The federal government is stealing more than a trillion dollars a year from our children and our grandchildren, and they are spending that money in some of the most foolish ways that you could ever imagine.  We have accumulated the largest mountain of debt in the history of the world, but our politicians just can’t help themselves – they appear to be absolutely addicted to spending money.  If we continue on the path that we are currently on, our entire financial system and our entire economy will be destroyed by all of this debt.  Time is running out and urgent action is needed to address this crisis.

Many of our founding fathers attempted to warn us about the dangers of government debt.  For example, Thomas Jefferson once said the following

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

Where would we be today if such an amendment had been added to our Constitution?

How much brighter would our future be if the federal government had been forced to only spend what it took in all these years?

Those are very good questions.

The following are 55 facts about the debt and U.S. government finances that every American voter should know….

#1 While Barack Obama has been president, the U.S. government has spent about 11 dollars for every 7 dollars of revenue that it has actually brought in.

#2 During the fiscal year that just ended, the U.S. government took in 2.449 trillion dollars but it spent 3.538 trillion dollars.

#3 During fiscal year 2011, over a trillion dollars of government money was spent on 83 different welfare programs, and those numbers do not even include Social Security or Medicare.

#4 Over the past four years, welfare spending has increased by 32 percent.  In inflation-adjusted dollars, spending on those programs has risen by 378 percent over the past 30 years.  At this point, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  Once again, these figures do not even include Social Security or Medicare.

#5 Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent.  Now more than 16 million Americans are enjoying what has come to be known as an “Obamaphone”.

#6 When Barack Obama first entered the White House, about 32 million Americans were on food stamps.  Now, nearly 47 million Americans are on food stamps.  And this has happened during what Obama refers to as “an economic recovery”.

#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.

#8 The U.S. Department of Agriculture recently spent $300,000 to encourage Americans to eat caviar at a time when more families than ever are having a really hard time just trying to put any food on the table at all.

#9 During 2012, the National Science Foundation spent $516,000 to support the creation of a video game called “Prom Week”, which apparently simulates “all the social interactions of the event.

#10 The U.S. Department of Agriculture gave the largest snack food maker in the world (PepsiCo Inc.) a total of 1.3 million dollars in corporate welfare that was used to help build “a Greek yogurt factory in New York.

#11 The National Science Foundation recently gave researchers at Purdue University $350,000.  They used part of that money to help fund a study that discovered that if golfers imagine that a hole is bigger it will help them with their putting.

#12 If you can believe it, $10,000 from the federal government was actually used to purchase talking urinal cakes up in Michigan.

#13 The National Science Foundation recently gave a whopping $697,177 to a New York City-based theater company to produce a musical about climate change.

#14 The National Institutes of Health recently gave $666,905 to a group of researchers that is studying the benefits of watching reruns on television.

#15 The National Science Foundation has given 1.2 million dollars to a team of “scientists” that is spending part of that money on a study that is seeking to determine whether elderly Americans would benefit from playing World of Warcraft or not.

#16 The National Institutes of Health recently gave $548,731 to a team of researchers that concluded that those that drink heavily in their thirties also tend to feel more immature.

#17 The National Science Foundation recently spent $30,000 on a study to determine if “gaydar” actually exists.  This is the conclusion that the researchers reached at the end of the study….

“Gaydar is indeed real and… its accuracy is driven by sensitivity to individual facial features”

#18 Back in 2011, the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.

#19 The U.S. government spends more on the military than China, Russia, Japan, India, and the rest of NATO combined.  In fact, the United States accounts for 41.0% of all military spending on the planet.  China is next with only 8.2%.

#20 In a previous article, I noted that close to 500,000 federal employees now make at least $100,000 a year.

#21 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#22 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#23 During 2010, the average federal employee in the Washington D.C. area received total compensation worth more than $126,000.

#24 The U.S. Department of Defense had just nine civilians earning $170,000 or more back in 2005.  When Barack Obama became president, the U.S. Department of Defense had 214 civilians earning $170,000 or more.  By June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

#25 During 2010, compensation for federal employees came to a grand total of approximately 447 billion dollars.

#26 If you can believe it, close to 15,000 retired federal employees are currently collecting federal pensions for life worth at least $100,000 annually.  That list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.

#27 During 2010, the federal government spent $33,387 on the hair care needs of U.S. Senators.

#28 During 2010, U.S. Senators pulled $72,370 out of the “Senate Restaurant Fund”.

#29 During 2010, an average of $4,005,900 of U.S. taxpayer money was spent on “personal” and “office” expenses per Senator.

#30 In 2013, 3.7 million dollars will be spent to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton.

#31 During 2011, the federal government spent a total of 1.4 BILLION dollars just on the Obamas.

#32 When you combine all federal government spending, all state government spending and all local government spending, it comes to approximately 41 percent of U.S. GDP.  But don’t worry, all of our politicians insist that this is not socialism.

#33 As I have written about previously, less than 30 percent of all Americans lived in a home where at least one person received financial assistance from the federal government back in 1983.  Today, that number is sitting at an all-time high of 49 percent.

#34 Back in 1990, the federal government accounted for just 32 percent of all health care spending in America.  This year, it is being projected that the federal government will account for more than 50 percent of all health care spending in the United States.

#35 The number of Americans on Medicaid soared from 34 million in 2000 to 54 million in 2011, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#36 In one of my previous articles, I discussed how it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#37 If you can believe it, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for each and every household in the United States.

#38 In the United States today, more than 61 million Americans receive some form of Social Security benefits.  By 2035, that number is projected to soar to a whopping 91 million.

#39 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

#40 When Barack Obama first took office, the U.S. national debt was about 10.6 trillion dollars.  Now it is about 16.2 trillion dollars.  That is an increase of 5.6 trillion dollars in less than 4 years.

#41 The federal government has now run a budget deficit of more than a trillion dollars for four years in a row.

#42 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#43 If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#44 Some suggest that “taxing the rich” is the answer.  Well, if Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

#45 If the federal government used GAAP accounting standards like publicly traded corporations do, the real federal budget deficit for 2011 would have been 5 trillion dollars instead of 1.3 trillion dollars.

#46 The United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.

#47 At this point, the United States government is responsible for more than a third of all the government debt in the entire world.

#48 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.

#49 Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.

#50 The U.S. national debt is now more than 37 times larger than it was when Richard Nixon took us off the gold standard.

#51 The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.

#52 The U.S. national debt jumped more on the very first day of fiscal year 2013 than it did from 1776 to 1941 combined.

#53 Historically, the interest rate on 10 year U.S. Treasuries has averaged 6.68 percent.  If the average interest rate on U.S. government debt rose to that level today, the U.S. government would find itself spending more than a trillion dollars per year just on interest on the national debt.

#54 A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

#55 Boston University economist Laurence Kotlikoff is warning that the U.S. government is facing a gigantic tsunami of unfunded liabilities in the coming years that we are counting on our children and our grandchildren to pay.  Kotlikoff speaks of a “fiscal gap” which he defines as “the present value difference between projected future spending and revenue”.  His calculations have led him to the conclusion that the federal government is facing a fiscal gap of 222 trillion dollars in the years ahead.

Please share this article with as many people as you can.  Time is running out to fix these problems.

  • converting chicago toilet water into holy water

    What is the majestic magical messiah waiting on to solve all problems and usher in a golden collective utopia comrades?

  • Rodster

    B-R-O-K-E ;)

    • bill g

      can’t wait until World War III, 1/3 of all people on this planet will die. Americka will no longer exist…yea…Fu.k Washington, up in smoke!!! Best thing that can happen, along with San Fran, N. Y. City, Chicago, L.A., Atlanta, Houston, Boston, and D.C.

      • chunkeroo

        I sure hope you are kidding

        • Jonathan

          Obama and Bill Ayers aren’t kidding, chunkeroo. Neither are the Muslims.

    • Mondobeyondo

      … and Bingo was his name-o!
      (sorry, couldn’t resist!!)

  • William

    The fed gubmint has run 4 straight years of over a TRILLION deficit each year. The FOOLS in the US Congress have no “fixes”. Think of it this way: If revenues were increased 10%, and spending cut 10%, there would STILL BE AN ANNUAL DEFICIT OF $800 BILLION!! One thing is sure, cutting taxes is just pure stupidity. There is only one way out……repay the debt with inflated (worth less) dollars. The problem with that is the inflation which would make that work will CRUSH most Americans to the point they could not buy enough food!!

    • http://lnx-bsp.net/ Tel

      If you can survive the inflation then it wipes out your mortgage for you.

      We just play a game of “dare” where everyone looks around to see who is the first to crack. It’s not a terribly productive approach to economics, and yeah they will eventually turn to inflation as the only remaining option. Many people (including myself) expected the inflation to hit earlier, but OK I was wrong on the timing, but there’s no way the Fed can unwind this position.

      As an Australian, in theory I should not care what the Fed might do to destroy the US dollar, but the problem being that the AUD is already high compared to almost everything, so we can’t just stand around and let the US dollar fall without also bringing our currency down as well. Then the Chinese will try to bring theirs down, and the Japanese will not want to be left out. Dumb, but what can you do?

      • Randome-11

        Not quiet, the banks are given money not to lend the money they already have just so the inflation is avoided.

        Inflation is also higher than what governement statistics states, since they often redefine what is considered inflation.

  • Prepared Pastor

    The more one relies on money, the greater their exposure.
    well vs. public water
    septic tank vs. sewer system
    mobile home vs. condo
    old pickup vs. car payment
    garden vs. grocery
    venison vs. veal

    While it may be harder for some than others there is still time to turn back toward the ways of our forefathers. Nothing changes until we do.

    • Paul

      Yes, everybody in Washington should get his own septic tank.

      • erheault

        Wrong everybody in Washington belongs in the septic tank!

        • DiscouragedOne

          SO TRUE! Why do we keep letting them get away with this?

          We need to find a way to fire them, or throw them in the septic tank, whichever is easier.

    • phelps

      With all do respect, we don’t have to turn back the clock Pastor. Jubilee will get us out this mess and we can keep our modern way of life. Limited government is the answer. No more democracy. Only those who pay the bills should be allowed to pick our leaders, then we would get better ones.

      When you allow those who make all their $ of gov to vote then you get what we have now as they will continue to vote for what is in our wallet.

      Good day.

  • phelps

    I may be a cynic, but the debt crisis will not be fixed. Jubilee is the only solution at this point together with a reduction in spending. It will not happen as the pols will have to give up power. The pols will cling to power just as an alcoholic clings to the bottle.

    Instead, look for a major war to take place to rid the pols of the weak and elderly. The other stupid spending will be curtailed by relating to the public that it has to in the name of national security so they don’t have to just take it away. This will absolve the pols of all blame.

    Good day.

    • Paul

      No need war, you could also create new viruses.

      Who actually made those Anthrax viruses in the post?
      Swine influenza?
      Novel coronavirus?
      SARS?

      How about a new plague among the homeless, and users of white powder?

      • phelps

        Viruses can get out of control and begin killing the bankers/pols. Should be easy to see why the BP’s would not want that. War is the better solution for the BP’s because they can be well protected from the destruction. Also, they would get to take control of the resources in the world such as oil, gold, silver, etc., which are of greater value than there paper dollars.

        Good day.

        • Paul

          Well, the German industry may have promoted Hitler to start WW 2, but they took another 60 years until they controlled Europe after that war ended.

      • http://lnx-bsp.net/ Tel

        Humans have been standing up to the worst the virus world could throw at them for a very long time. Individual humans may die, but as a species we bounce back pretty quick.

        However, we have not adapted to being jammed onto a bus breathing the same air, then getting jammed into a cubicle office with airconditioners and everyone sharing the same few toilets which get cleaned once a week, then back on the bus and back home to live in a small apartment and pass it onto the family, who take it to schools, etc. I think the high-density and high-stress areas are the most dangerous.

        • Paul

          Yes, since i don’t have to use the toilet at the office anymore I lost my skin problems around the hip.

          Overall, my health got better since I lost that job.

      • SD

        I think you’ve been snorting some white powder Paul, judging by the content of your posts.

        • Paul

          Well, every major crisis so far disappeared after large scale destruction of property and human life.

          The current crisis is also a classic overproduction crisis. Too many goods and not enough wages to buy them. So, need to get rid of those who produce these goods. (Or pay them more. But that would reduce profit, and who wants that?)

  • http://www.survive2balive.com GA

    “Time is running out to fix these problems.” This translates as time is running out for you to prepare. This is all completely unsustainable and will have to end in great pain. Do not delay. If you are considering putting a preparedness stratgey in place, don’t procrastinate. If you already are preparing, expedite your actions. The effort you put into preparing will dictate your existence when it all comes crashing down. Check out http://www.survive2balive.com for some preparedness ideas. Educate yourself and learn valuable skills now before that time does run out.

  • markthetruth

    It used to be no Fur no Food

    Were on drugs and can’t stop and the “Enablers” don’t stop..

    Now there back to “layaway” can’t afford don’t worry buy it anyway pay in the future.

    No 0% interest

    No Money Down

    No credit checks

    Reverse mortgage

    only 35 cents a day for life insurance , Larry didn’t have any.

    If you owe taxes. Call us will cut it to 25% of what you owe.

    Lottery …. Take 300mil from 150mil people and give it to 1 winner Gov. takes 1/3…

    Top 5 techniques

    Repetition … brainwashing, People now believe Money grow on trees…

    Claims… lose weight Pill without exercising plus eat whatever you want.

    Association … Karthrashing wears these shoes while caking on her makeup.

    Bandwagon… Everyone has a iphone must have one or else your not being monitored

    Promotions… Get a Rover Round and get a free pair of running shoes.

    Companies will do whatever it takes to have a signed contract as long as it counts as a Sale that they can count as Revenues and Earning even though they may never get payed. Then get to right it off . Stock goes up so they have more fake cash.

    The cycle will continue on digital media until nobody knows where any of the money is.

    the end…

    • Greg

      Hahaha…..Of course it really isn’t funny. But you’ve sure got it pegged right!
      All who’s heads are in the clouds will be the first to expire. The rest of us will die slower more painful death. Either way we’re all going to the same place.
      The UNited States will be in the history books along with Rome.

  • Cleo

    I think the only way out now is for the reset button to be pressed.

    • Greg

      So what? We go back to li’l house on the priarie? I wouldn’t mind that, but try and convince average Americans they need to do that,right? Nobody will give up what they have…BUT….Yes they will, right?

  • Gary2

    I’m sick of hearing about how the rise of inequality is due to global forces, “acts of god” if you will, beyond our control. Nonsense. We choose to set ultra-low tax rates on the rich, we choose to do nothing to prevent off shoring. The Chinese didn’t make us deregulate wall st. The Chinese aren’t forcing us to take seriously putting a financial con man in the WH.

    Inequality will take another quantum leap if the class warriors get to turn medicare into vouchercare and privatize SS. More $ will be redistributed to the top as the elderly are squeezed to make up the difference. We won’t be able to blame that on China, either.

    TAX THE RICH AND SPREAD THE WEALTH

    • armel

      I know I’m stepping in something here, but honestly…why would you just take a hand out rather than work for it? And yeah, I know, sucky economy…but: where there’s a will, there’s a way, and maybe–hopefully–that’s the end of it.

      And if you want to annoy the Chinese, stop shopping at WalMart…or shop carefully there, for products only made in the USA. Can you imagine what kind of racket that would create, if everyone, right now, just started buying “Made in the USA” goods? And Walmart still carrys some…Sterlite brand is one of them. I try to always get containers with that label on it if I can.
      Any other good labels that people know are still made in the USA and sold at WalMart?

      • jaxon64

        yes..ball canning jars and products..also worthington propane cannister’s for your portable coleman lanterns and stove. Also for my tropical fish I buy Wardley–which is made by Hartz corp instead of the prettier packaged and a few pennies cheaper Tetrafood products…

        Any other American company AND made in America walmart products anyone?..Put your money where your mouth is. I also own 3 cars-( a chrysler,a buick and a chevy–all paid for BTW)..An imported car is not status to me–my acreage and animals are.

      • Paul

        Where are the jobs?

        If there are no jobs, wouldn’t you rather work than taking SS?

        What would create better jobs – buying ammo and blow it up at some war somewhere, or pay workers to build infrastructure?

    • davidmpark

      For crying out loud, Gary – read the stinking tax code and IRS statements already.

      The rich ARE taxed. In 2003, the top 25% earning bracket paid 86% of all IRS income tax takings. In 2011 it was much higher. Check out all their documents before making these activist rantings: http://www.irs.gov/pub/irs-soi/

      Your arguments are empty and ignoble without data to back it up.

      • Paul

        and they still get richer – Bill gates alone added 7 billion to his wealth last year. After tax.

        Where does all this money come from?

      • DiscouragedOne

        No matter how much you tell them the talking points are not true, they never listen. Even if the feds confiscated all the “rich” people’s money, it would not pay off the debt. Gary is living in a world of illusion brought to us courtesy of the White House of incompetence.

    • VegasBob

      Gary2,

      I voted enthusiastically for Barack Obama in 2008.

      I will not vote for the Obummer again in 2012. He’s as bad as Bush the Dumber, and America just cannot afford to take a chance on the Obummer serving George W. Bush’s 4th term.

      I doubt that I can vote for a Republican, but I can vote 3rd party. If that means Romney wins, so be it.

      As bad as I think the Republicans are, a President Romney could not possibly make the US economy any worse than it has been for the last 4 years.

      • Karen Poore

        It does not matter who sits in the puppet seat.
        Whoever it is is told what to do by the 1%.
        The agenda has been set years ago and is now in place.

        • phelps

          By the 1%, do you mean the top income earners in America, the rich as you would call them? If so, you are a hopeless idealogue who knows nothing about the wealthy in America.

          Many of the wealthy have made their $’s from goverment contracts, favorable legislation and being employed by the federal government in one capacity or another. Think Martin Marietta for example (Gov K), State Farm (mandatory auto ins.) and Bill Clinton (FedGov Emp.).

          Many of that 1% has not benefitted in anyway from the above. I know many bakers, plumbers, auto mechanics, grocery store owners, loggers, etc. that simply made their money the old fashioned way. They earned it through many years of hardwork. Often, being very poor themselves until the business begin growing. Most of them didn’t even get wealthy until very late in life.

          You can swallow government propaganda and make wise crack comments all you want, but you really only show us your envy and ignorance, which is why many of you will never be in the top 25% of income earners in America. And, yes, Karen that was and will be again very attainable for the average person in America.

          Good day.

          • onething

            Those people you are talking about are not the 1%. They hardly even qualify as rich.

          • Paul

            Government contracts?

            So they got rich on inflated prices, paid for by government debt.

            So, to reduce the huge debt you’d also have to reduce those inflated prices at government contracts, lets say by letting in more competition?

          • Randome-11

            There isn´t more of that, when real inflation is close to 10% a year, those who aren´t well connected to the wall street washington axis will find out that their hard-earned millions becomes worthless.
            Baby boomers eventually gets kicked out of their McMansions and have their stuff seized when SHTF.
            Homeland Security isn´t spying on the population to get “terrorists” or even dissidents, they are looking at who has assets so they can seize these assets when the day come.

    • Syrin

      And the idiot continues show the depth of his stupidity.

      Hey GARY, our rich pay the highest percentage of their nation’s taxes of any nation on the PLANET. If our rich moved to Norway, Sweden, or any other liberal tax utopia, they would pay 10% LESS in taxes. We have the narrowest tax base on the planet. making everyone poor is NOT a means to generate wealth.

      Hey GARY, see all those necessary spending items listed above. IDIOTS like yourself honestly believe that there is nothing wrong with some gov’t agent putting a gun to your fellow citizen’s head and demanding they hand over thousands of dollars so they can spend on Morrocan pottery classes, a study on “Gaydar” and storing evaporated milk in caves in the Midwest, ALL of which they do.

      See idiots like GARY don’t understand that the government’s PRIMARY job is to protect it’s citizens AND their property. The government is supposed to serve US. See idiots like GARY think we are merely revenue streams for the government and we should all serve the gov’t. This is why Lenin called the GARY’S of the world useful idiots. HIS mentality is what leads to rampant poverty, starvation and tyranny.

      Hey GARY, I’ve asked you about a million times to show me a SINGLE study from ANY country at ANY point in history showing us that taxing the rich make the poor wealthier. IT DOESN’T EXIST because it actually makes EVERYONE poorer. I can link numerous studies showing it. If you weren’t an economic IDIOT, it would be self evident. You can only tax wealth ONE time GARY, you moron. You can’t tax future wealth which is why after you steal the property of the producers to hand it to the parasites, the producers adjust their behavior. They stop producing which is why socialist nation after socialist nation has rampant starvation as farmers stop producing. Ever seen the options at the grocery or local market under a socialist system? Of course not. You’re AN IDIOT who pushes for a system that he is thoroughly uneducated about. See, here in a free market system, when you go to buy sodas, there are literally HUNDREDS of options, all at low costs trying to get your business. In a socialist state, there are two choices, both are flat, and both cost $10 for a 2 liter bottle.

      Please, keep posting GARY.

      Oh here is a simple graph that defeats your rhetoric in 6 simple graphs. Might as well be quantum mechanics for someone of your intellectual capability.

      http://www.economicnoise.com/wp-content/uploads/2012/10/obamaclaims_121004.png

      • Reality

        As always thanks Syrian for taking the time to ‘old school’ Gary 2.. I wish he’d stop posting the same nause day after day.

      • Gay Veteran

        “Hey GARY, our rich pay the highest percentage of their nation’s taxes of any nation on the PLANET.”

        so what? they control most of the wealth and income in this country

        • John W.

          Maybe you should get off your ass and become one of them. Why is it that losers always want to take others wealth?

          • onething

            Why would I want to become callous and immoral, and endanger my immortal soul?

          • Gay Veteran

            John W.: “Maybe you should get off your ass and become one of them.”

            oh, you mean like the Wall Street banksters who nearly destroyed our economy?

        • Gary2

          I was going to post this as well. Syrian AKA Dr. of ************ is just plain retarded.

          • DiscouragedOne

            Stealing other people’s wealth so you can sit on your butt and do nothing is NOT moral Gary and onething, it is about as immoral as it gets.

      • RainyDay

        Your post was genius! Gary 2’s brain will most likely explode trying to come up with any kind of semi-intelligent sponse to your genius one. lol

      • PaulB

        So many of you Americans seem to have a passionate loyalty to defending the wellbeing of your Rich Masters. Are you, Syrin, a paid shill or are you really that concerned with pissing on your own best interests for the benefit of your wealthy superiors?

        • phelps

          I love defending the wealthy PaulB, if only just to make you foreigners angry. The wealthy in America have done more for my interests than your socialism and communism combined. Their is virtue in selfishness.

          Henry Ford may have been the most selfish SOB on the planet, but he employed many people and his automobiles spawned many new businesses, which in turn employed more people. Those folks spent their $’s on homes, autos and other consumer products, creating more jobs and wealth for many people.

          Socialism and communism just simply kill people when resources begin to run out. Trouble with you foreigners is you put your self-interests in hands of those who are selfish, but don’t have the ability to create anything, other than destruction. You all could learn a great deal from Henry Ford.

          Good day.

          • Gay Veteran

            Henry Ford also paid his employees enough that they could buy Fords

      • onething

        The rich are certainly taxed higher in Sweden, and if they pay an overall much lower percentage of all the taxes, that is because people in Sweden make a decent wage and their rich are not as rich as ours. And by the way, the rich get rich off the masses, one way or another, and thus they owe to give some of it back. They aren’t the producers for God’s sake! Their employees are the producers.

        • DiscouragedOne

          BS, you can’t produce anything unless the means TO produce it is handed to you by your employer, and employing a person costs more and more money these days.

          • OldPhart OutIn TheDesert

            I really hate to disagree with you on your rant with the socialists.

            But one can actually produce something without it be ‘handed to you’ by and employer.

            Make it yourself or go into business for yourself making it. You’re providing fodder for the dumbasses. Quit it!

        • phelps

          How many of Ford’s employees knew how to build cars,, design them and create the assembly to mass produce them, without copy catting Ford? None. Without his idea then they produce nothing unless they were able to farm, which is kinda hard to do in major cities. No one owes anyone anything. Ford’s employees entered into a K and they were paid for their service.

          Who cares about Sweden.

          • Gay Veteran

            AGAIN, Henry Ford also paid his employees enough that they could buy Fords

      • Paul

        So, who is the producer and who is the parasite?

        Is the worker the producer and the shareholder and government the parasites?

        Or is the banker the producer and the unemployed the parasite as you would like to make us believe?

        • DiscouragedOne

          Workers can produce when they are given the means to produce (it is called a JOB). You can’t get a JOB unless somebody employs you in their business or your start your own. The business must be produced to begin with for you to produce anything for the business. The business must also meet payroll, have a good sales force to keep up demand for what you are supplying, take care of benefits, etc. If you hate employers so much, go start your own business, otherwise, stop whining about it.

      • Randome-11

        There is a problem with that logic, the wealthy have never been as numerous as today, they have never been wealthier and their wealth is growing in opposite to everyone else.

        But there is no recovery, when official inflation is taken into account, the US had the economy it had in 1995, with a smaller population.
        The real inflation rate is much higher, of course, official inflation rates are very similar in all western countries. The national wealth, the wealth of everyone put together is getting smaller.

        The end of wealth through merite happened 40 years ago, its visible result is deindustrialization. Sure, some still do but they where outnumbered by those that didn´t, in general wealth wasn´t earned, worked for, but taken from those who do.
        How many protested the end of capitalism then?

        The solution is simple, redistribution of wealth through smaller governement, with its own national banking system, not one in private hands.

      • Gary2

        I have pointed out the Scandinavian countries to you many times.

    • Malcolm Reynolds

      http://finance.townhall.com/columnists/bobbeauprez/2012/10/19/revenue_facts_blow_up_the_obamabiden_tax_cut_lie

      The thing you communists love to rail about in capitalism is income inequality and the rich getting richer. But you also love to lie by omission that they arent the only ones whose wealth increases. The tide of capitalism raises all boats while the tide of socialism mires your favored class of “labor” in poverty and slavery. See Obamas solutions vs the tax cutting at link. The dependend class is swelling literally like NEVER before while the rich are making out.

      When is it ok for someone to pay their own way Gary? You seem extremely adverse to people taking care of themselves.

      • Gay Veteran

        “…The tide of capitalism raises all boats….”

        right, my little rowboat got raised an inch while all the yachts got raised 100 feet

        look at this chart and WEEP:
        http://www.economist.com/blogs/dailychart/2011/10/income-inequality-america

        “The 99 percent
        The Economist online

        ..”Occupy Wall Street” gets a boost from a new report on income distribution

        OF ALL the many banners being waved around the world by disgruntled protesters from Chile to Australia the one that reads, “We Are the 99%” is the catchiest. It is purposefully vague, but it is also underpinned by some solid economics. A report from the Congressional Budget Office (CBO) points out that income inequality in America has not risen dramatically over the past 20 years—when the top 1% of earners are excluded. With them, the picture is quite different. The causes of the good fortune of those at the top are disputed, but the CBO provides some useful detail on that too. The biggest component of the increase in after-tax income for the top one percent is “business income” as opposed to income from labour or investments (though admittedly these things are hard to untangle). Whatever the cause, the data are powerful because they tend to support two prejudices. First, that a system that works well for the very richest has delivered returns on labour that are disappointing for everyone else. Second, that the people at the top have made out like bandits over the past few decades, and that now everyone else must pick up the bill. Of course it is a little more complicated than that. But this downturn ought to test the normally warm feelings in America of the 99% towards the 1%.”

        “New research indicates that growing income inequality isn’t just unpleasant; it is seriously hurting the U.S. economy….”

        http://www.forbes.com/sites/frederickallen/2012/10/02/how-income-inequality-is-damaging-the-u-s/

      • Gary2

        not all boats are rising anymore. DUH!

    • phelps

      Tax the rich, feed the poor, until their are no rich no more. Lyrics from a song, but forget the name and artist.

      Parasites devour the host until both are dead.

      Good day.

      • nowwthen

        “I’d Love To Change The World” by Ten Years After. A great old song from back in 1971. One more anthem of change and rebellion back then — probably censored for political incorrectness today.

        http://www.youtube.com/watch?v=b24m6mCBn0E

        • phelps

          Thanks Nowwthen and Kapper. I’m getting older and unable to remember some things.

          I remember being a young idealist and wanting to change the world, but didn’t know what to do either. I’m a realist now because I learned the hard way that you can only help the very young. They have an appreciation that gets lost as we age.

          I remember seeing a family of five holding up and sign asking for money for food. I asked them to stay put and I’d be back with some food for them and their children. The wife become extremely angry and said “Can’t you fucking read, we need money”. I could tell she was some sort of junkie mether and told her to at least take the food for kids, but I wouldn’t give them any money for meth, when their kids appeared to be very hungry and thirsty. Anger was all I got and she through something at me so I left.

          I then became a child advocate and baseball coach for the Boys and Girls club, which I still continue to do to this day. I’ll always continue to help children, but the adults will have to find help from someone else.

          Thanks again and good day.

      • Kapper

        It was “I’d love to change the world” by Ten Years After. It came out around 1970, a real classic hippie tune that was actually a satire at what the hippies believed in.

      • PaulB

        10 Years After. I’d Love to Change the World.

    • http://lnx-bsp.net/ Tel

      Sorry but, “the rise of inequality”… are you serious? Can you name the year in human history where inequality did not exist? It was mentioned in the Bible, for starters. There were wealthy powerful people in Bronze Age Greece, and even more wealthy powerful people in the Roman Empire. You waste your life just kidding yourself.

    • Col. Wilson

      TAX THE RICH, TAX THE RICH, TAX THE RICH & SRPEAD THE WEALTH!

      Gary2 this has NEVER worked!!!

      Thats all you ever say – yet when the rich leave like they are doing in France, the only result is more debt & economic chaos. Again this has never worked.

      Your ‘solution’ is socialist/communist & is only a temporary fix. Its like putting a bandaid on a sucking chest wound. In the long run its worthless.

      BTW you NEVER answer my question of what you will do when they TAX you more because the rich left? I know you would sing a different song – those that want something for nothing usually do.

      Hopefully you will see the truth, but I’m not holding my breath.

      ;)

    • Sunshine

      Stop beating Gary2 up. He actually gets at least part of it! Most haven’t quite figured out who the real parasites are.
      It’s not the poor that qualify for tax subsidized handouts because they cannot make enough $ at low income jobs to thrive!
      http://investorplace.com/2012/10/costco-is-more-than-low-prices/
      http://letjusticeroll.org/news/001216-raise-minimum-wage-raise-america
      http://thehill.com/blogs/congress-blog/economy-a-budget/239705-raising-minimum-wage-is-good-for-main-street-
      http://dixieswanson.com/2012/living-wage-vs-minimum-wage/
      and the poverty perpetuatng democraps aren’t going to raise the standard of living for their voting block. They’ll give them rations of tax subsidized food stamps and health care rather than make living wage policies. Those large companies who refuse to pay local living wages need to be taxed harder to subsidize the poverty wages!
      The mart/dollar stores are a national DISGRACE!

      • Gary2

        corporate welfare is multiple times higher than ANY welfare for the poor yet people including Michael continue to bash the poor.

        • davidmpark

          Mike has never bashed the poor.

          Your guys do; often and daily.

          And you and yours are not compassionate, not for improving the lives of anyone but your Olympian leaders, and support wholesale murder (abortion and eugenics) for non-believers and undesirables!

          Take your meds and get over it – your side is anti-human and not loved.

          Your statement is also invalid based on Mikes works.

          Stay classy!

    • McKinley Morganfield

      Our capital gain tax rate is higher than the rate in France. Our income tax laws are the most convoluted on the planet, yet the Gary2’s oppose a simple flat tax that would increase tax revenues from the top 5% because it would mean that the remaining 95% would pay more . April 15 is an annual ‘payday’ for a third of the population which receives earned income tax credit payments. Gary2 is clueless and an ignorant dupe. I pity the fool: http://www.youtube.com/watch?v=e-dGSegQOsc

      • Greg

        You do need to understand that for many millions in this country, the fact is that paying any taxes period means living in the street IF you are fortunate enough to have a job. We’re talking about people dying in the streets on a massive scale and soon! The only way that will not be the case is for all wealth to be equally distributed. Which is better? For those starving to get assistance from those that have an abundance or for them to die so the wealthy can maintain their status? There is no such thing as a Family with a 30k income paying any taxes without becoming homeless or starving.

      • Gary2

        cap gains are income plain and simply and need to be taxed accordingly–SSI medicare tax etc.

        • davidmpark

          Why.

          What natural states it must be taxed.

          With what authority is used to do it. A public mandate is invalid as that’s legalizing theft.

          There is no legitimate reason to tax capital gains other than outright theft to hand out 11% and claim your compassionate and charitable with what was stolen.

          Your side is calling for theft and passed laws in the name of society that actually steal.

          There is no love for thieves that rob and claim to be charitable.

      • Gay Veteran

        capital gains should be taxed at the same rate as labor

    • Greg

      I think the whole idea of capitalism from the start was for a handful to have all the wealth. They’ve always portrayed it as freedom for all. No matter how it has been portrayed thorughout the years, history shows things eveolve over many, many years. I just think we’re finally to the point where we get to see how capitalism works. Sad part is I don’t think there is any reversing what has already been done and it is absolutely over althout they may be able to stretch out the pain gradually for some time which is what Obama has done and his predecessor will do no matter what party they are.

  • Imaplaneiac

    Michael,

    Your 12th fact is intriguing. What the heck is a ” talking urinal cake “?! I’m sure we all are! Can you supply the page in Senator Coburn’s 200 page Wastebook 2012 report? I couldn’t find a reference to it in its Table of Contents.

  • Gary2

    Hey stupid conservatives–WTF??? are you really this dumb to vote for Bishop Romney?

    If Romney buys his way into the White House it will be like the fox getting into the hen house. He will wipe out the middle class and you can bet they will change the laws and how we vote. It’s happening in FL, Wisconsin, Ohio, Michigan, etc.

    • Syrin

      No, we’ll vote for more of the same because, like an IDIOT like GARY we all like:

      -record debt
      -record deficits
      -no budget in four years
      -record poverty
      -record numbers of people on food stamps
      -record unemployment
      -lowest percent of the country participating in the work pool in history
      -government take over of a third of the economy with every business it has taken over going bankrupt and costing us billions
      -record number of unelected, unaccountable czars that bypass representational gov’t
      -record monetary supply and dollar devaluation
      -record trade deficits
      -suing states for enforcing existing laws to protect citizens from armed foreign invaders
      -repeated incidents of “passing” laws against the will of the majority of the country

      Here are some firsts compiled by someone else:
      First President to apply for college aid as a foreign student, then deny he was a foreigner.
      First President to have a social security number from a state he has never lived in.
      First President to preside over a cut to the credit-rating of the United States.
      First President to violate the War Powers Act.
      First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico.
      First President to defy a Federal Judge’s court order to cease implementing the Health Care Reform Law.
      First President to require all Americans to purchase a product from a third party.
      First President to spend a trillion dollars on ‘shovel-ready’ jobs when there was no such thing as ‘shovel-ready’ jobs.
      First President to abrogate bankruptcy law and turn over control of major companies to his union supporters.
      First President to by-pass Congress and implement the Dream Act through executive fiat.
      First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S., including those with criminal convictions.
      First President to demand a company hand-over $20 billion to one of his political appointees.
      First President to terminate America’s ability to put a man in space.
      First President to have a law signed by an auto-pen without being present.
      First President to arbitrarily usurp congress, declare an existing law unconstitutional and refuse to enforce it.
      First President to threaten insurance companies if they publicly spoke-out on the reasons for their rate increases.
      First President to tell a major manufacturing company in which State they are allowed to locate a factory.
      First President to join with a foreign country and file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).
      First President to fire an inspector general of Ameri-corps for catching one of his friends in a corruption case.
      First President to appoint 45 czars to replace elected officials in his office.
      First President to golf 73 separate times in his first two and a half years in office.
      First President to hide his medical, educational and travel records.
      First President to win a Nobel Peace Prize for doing NOTHING to earn it.
      First President to go on multiple global ‘apology tours’.
      First President to go on numerous lavish vacations, paid for by the taxpayer, last year costing us 1.5 BILLION dollars.
      First President to have 22 personal servants (taxpayer funded) for his wife.
      First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.
      First President to repeat the Holy Qur’an and tell us the Islamic call to worship is the most beautiful sound on earth.
      First President able to break all these laws, be openly corrupt and get by with treason, simply because he’s black.

      Yeah we can’t ALL be as rational as you GARY, you IDIOT !!!

      • Gay Veteran

        “First President to violate the War Powers Act.”

        very true. but then Congress approved Bush the Stupid’s war of aggression against Iraq

        “First President to spend a trillion dollars on ‘shovel-ready’ jobs when there was no such thing as ‘shovel-ready’ jobs”

        please provide evidence that there is no such thing as ‘shovel-ready’ jobs. I can think of a LOT of streets in Baltimore that are shovel-ready

        “First President to terminate America’s ability to put a man in space.”

        and yet you complain about deficit spending?!?!?

        “First President to arbitrarily usurp congress, declare an existing law unconstitutional and refuse to enforce it.”

        evidence please

        “First President to win a Nobel Peace Prize for doing NOTHING to earn it.”

        well that’s absolute TRUE, giving him a Peace Prize was disgusting

        “First President to go on multiple global ‘apology tours’.”

        because America has never made mistakes, right? like overthrowing Iran’s democratically elected government in the 1950s, supporting numerous dictators, etc.

        “First President to go on numerous lavish vacations, paid for by the taxpayer, last year costing us 1.5 BILLION dollars.”

        so Obama spent $1.5 billion on vactaions? evidence please

        “First President to repeat the Holy Qur’an and tell us the Islamic call to worship is the most beautiful sound on earth.”

        and the problem is???

        “First President able to break all these laws, be openly corrupt and get by with treason, simply because he’s black.”

        please explain how Obama is a traitor. evidence please

      • PaulB

        “First President able to break all these laws, be openly corrupt and get by with treason” I suppose when Bush did it that was OK because he was white?

      • Greg

        You REALLY think this is ALL about Obama? Are you serious? That means you obviously thought everything ahs been fine for the last 30+ years????? REALLY? Remember! If you’re concentrating adn focusing on the wrong factors none of us have a slightest chance of making it through all this. If it were as easy as just blaming Obama we would have TONS of hope and reasons to believe we’ll make it. But seriously, what do you think will happen after Obama is gone? He is just one President and the debt never got to 16 trillion on his watch alone. That is the combination of all Presidents.
        Bush doubled it. So if it is okay for Bush to double it then it must be okay for Obama to do the exact same thing Bush did, right?
        Of course we know that it’s NOT okay, but you get the picture. If we don’t treat the root cause then Obama is not part of the picture at all and this will continue long after Obama is gone. It’s been going on for 100 years and nobody cared until it was too late which is now. Americans DROPPED the ball for 100 years!!!!

    • Syrin

      Another fellow poster wanted to remind you of this GARY:

      January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:

      At the time:

      The DOW Jones closed at 12,621.77
      The GDP for the previous quarter was 3.5%
      The Unemployment rate was 4.6%
      George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

      Remember the day…

      January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

      The economic meltdown that happened 15 months later was in what part of the economy?

      BANKING AND FINANCIAL SERVICES!!!

      THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment… to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac ! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001 because it was Financially risky for the US economy):

      And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac????

      OBAMA

      And who fought against reform of Fannie and Freddie???

      The HYPOCRITE Socialist in Chief Obama

      We can’t all stare at the facts and make irrational decisions like you GARY

      • Gay Veteran

        “George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!”

        ROFLOL, that’s like saying the Titanic had a great voyage PRIOR to hitting that iceberg

        “January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
        The economic meltdown that happened 15 months later was in what part of the economy?
        BANKING AND FINANCIAL SERVICES!!!”

        you do realize that financial deregulation happened under Clinton and was supported by BOTH parties?

    • Malcolm Reynolds

      “If Romney buys his way into the White House it will be like the fox getting into the hen house.”

      But still better than the absolute failure of an anti-American communist in the white house, no?

      • Digitizedmind

        Romney or Obama…..both sock puppets. One is just jogging to the same finish line the other is sprinting towards. The USA is a large ship in a small canal, you cannot turn it around without massive damage to the ship and surrounding canal infrastructure. The reset button will be hit someday, only a matter of when. When that happens, all this “Liberal vs Conservative” nonsense will end. Reading through these posts, you can see how many people are still caught up in the left/right paradigm. Divided, the PTB have no fear. United, the PTB know they are done for. Quit the bickering over who’s “guy” is the best. It doesn’t matter any longer, as both sides have been promising “salvation” for decades….yet we still continue to the same path.

    • SD

      What middle class to destroy? Obama has already beat Romney to it.

    • Louise in MO

      Well, Gary2, if Obama gets a second term he will have to LIE, LIE, LIE to win. The Benghazi coverup will be his undoing, because REAL AMERICANS won’t let the story go away! He is the worst President on record! Deceitful, lying, Marxist first class from the get go.

      What your inane comments do is solidify further the desire to do all we cna do to get your kind out of government; I’d like to see you and your ilk run out of the country. Go to Russia….see how that works out for you.

      I’m not rich but I’m not poor. I worked for my money unlike third generation welfare recipients. I help people in my family and friends with MY income and don’t expect the “RICH” to pay higher taxes to do so.

      You are such a loser!

      • Gary2

        I’m not rich but I’m not poor—But you are dumber than a sack of rocks!

    • DiscouragedOne

      Oh REALLY Gary 2? Our Republican Governor Snyder has helped MI, after YEARS of being screwed by Dem Gov. Granholm. I live here, and I see first hand the damage Democrats have wrought, especially in places like Detroit and Flint.

      Take your Socialist crap elsewhere.

      I AM voting for Romney, and I just gave him another donation too…this is one woman who sees right through the BS you Dems are peddling.

  • Imaplaneiac

    Oops – I mean … ” we all are INTRIGUIGED “.

  • Bill

    Michael,

    Your articles are so timely, your facts are astonishing. Because of these facts we realize time and time again that we are doomed but we just can’t seem to do anything about them. I think we all hope and pray for the miracle event that will bring us all to our senses. At this point it dosen’t look like the election will do it, no matter who wins.

    I think your $220t figure is probably conservative but it will not matter as there is no way possible to deal with it. We will all be better off if Nibiru takes care of it for us.

    • Michael

      Thank you for the kind words. Most people are hoping that if this election turns out “the right way” that “their guy” can get things turned around.

      Unfortunately, things are not so simple.

      Michael

      • independentone

        If you truly feel this way, then stop citing numbers from “since Obama took office” and show the numbers on each of those items as “since 2001″. Then people can see that this is a corrupt government and that neither party will make this work for the people. When you just show numbers from Obama’s reign, it makes it look like we should all be voting republican and things will get better. they won’t.

        • Michael

          Things are not going to get better no matter who wins the election.

          But that does not mean that I should take it easy on Obama. He is the resident of the White House right now, and he has done an absolutely horrible job.

          When Romney gets in I will talk about how horrible of a job he is doing too.

          Michael

          • http://lnx-bsp.net/ Tel

            You sound sure about that. I think there’s a lot in play right now, could go any way.

          • independentone

            But perception always rules, and the perception is you are backing putting republicans back in the WH.
            I didn’t vote for Obama, but the mess we’re in now came from long before he took office. if the republicans took office and not Obama, who’s to say this would not be a lot worse….there’s no way of knowing but neither party now represents us. so, the question is – what is the goal of your blog? Let people know that no matter who is in office there is going to be collapse or let’s still make this one citizen against the other?

          • Michael

            Those that have read all of my articles on all of my websites over the past year understand that I have been tougher on Romney than just about any other blogger out there.

            Romney is NOT a conservative. In fact, he is very similar to Obama on almost every single issue.

            I think it is a disgrace that America has to pick between these two horrible candidates. But it is a reflection of who we have become as a nation.

            Michael

        • RainyDay

          Haha. That made me laugh…sad, but true. If Romney wins he won’t change our course…he will screw up, he will just do it in a different way than Obama. They are rearranging deck chairs in the titanic.

      • DiscouragedOne

        I say give Romney a chance, expect the best, prepare for the worst…always, no matter what.

  • Mondobeyondo

    #18 has to be an all time classic. My personal favorite of government financial recklessness.

    Over a half million dollars spent to find out why chimps throw poop. I wish they’d given me that money. I could have gone to Harvard for a year or so (would have to drop out, due to lack of payment for student loans), and then I’d write a thesis and dissertation describing why certain simian species throw feces. (Hey, that rhymes! Hehehe.)

    The current theory: Chimps think their handlers are government politicians, as these humans repress them, control the amount of food they receive, and keep them in enclosures on a daily basis, and this is their natural response. Just Mondo’s opinion.

  • Imaplaneiac

    Regarding #30, if Americans elect Gov. Romney … I hope Mitt signs an Excutive Order rescinding ALL future financial compensation, benefits and perks, etc. due the present ” Least ” Executive. Some degree of compensation is appropriate for former ” Chief ” Executives. However, Obozo has devoted MOST of his time doing campaign rallies, fund raising, appaearances on ” pop ” TV programs, golfing and vacations ( to recover from his campaigning )! I must include his FAILURE to attend MOST Security Briefings! Should OWEbama be compensated for THIS?!

    • Bill

      Why would he do that? Why would Romney cut compensation and perks for himself after he’s President? Yes, he’s got plenty of his own money, so does that mean that from now on we can ONLY elect filthy rich Presidents?

      And your comment about Obama “vacationing” when he should’ve been working also misses the point. “W” thought it was more important to read a storybook to 1st Graders while the Twin Towers were being attacked. He also took more vacations at his ranch in Crawford than any other sitting President.

      How quick we are to criticize with “our guy” isn’t in the big chair…

  • SmallerGovNow

    All I can say Michael is whew…. Dire situation indeed… When you consider that we could eliminate the entire DOD, all “departments”, congress, and the whole smash, tax receipts are not enough to pay for SS, Medicare, Medicaid, and service the public debt….

    • Paul

      You could nationalize the defense industry. That’s where the money goes. Social security at least goes into the economy. Make it illegal to use ss to buy ammo.

      To save national resources you could make it mandatory for the construction industry to build energy saving buildings, flood proof infrastructure, etc.

      It’s usually the duty of the government to create such frameworks that are beneficial to the country in the long run, even if they might hurt immediately. The country needs to go to investing, away from consumtion.

      • SmallerGovNow

        Needs to go away from socialism…

        • Paul

          You don’t know socialism. I grew up in socialism – no manager and no bank manager earned millions, but hard workers, shift workers, steel workers, farmers earned more than desk workers.

          All men, except politicians, went into retirement at 65, women at 60.

          Sure we didnt have Internet, but neither had you at that time.

          • SmallerGovNow

            I do know socialism, I was at the wall in Germany before and after it came down, total of three years. Sure I understand what it was all about much more so than you. 25 years in the military and been around the world. Don’t judge someone on three blogs you read…

      • SD

        It’s usually the duty of the government to create such frameworks that are beneficial to the country in the long run…
        I can’t find that in my copy of the constitution Paul, could you help me find it?

  • Roger

    Anyone ever read the late Larry Burkett’s 1980’s book, The Coming Economic Earthquake? We’re there…

  • davidmpark

    Did some number crunching for the state I live in. Won’t say where as I’m already targeted and nearly killed a couple times – learned my lesson.

    The natural resources locked up in this State by all branches of Federal, State, and local gov would come up in the commodities market as of Mar 13, 2013 to roughly $61,000,000,000,000,000.00 ($61 quadrillion) total. Add on manufacturing, energy production, retail, and such would raise the values much higher.

    It’s been locked up for “the public good.”

    Evil. Pure evil.

    Man has allowed their leaders to condemn them to a slow and painful demise by mandate and approval. Riots and multi-sided civil war will come because it is desired by all involved. I am NOT involved.

    Many will die and I have to allow it. What good would it do to demand a people who chose misery and death as virtuous and moral to turn from it. I am not a dictator and man has their agency. I can only warn, prepare my family, and bury those who wanted to murder and die.

  • Glench

    I imagine that most of these so called researchers are tenured prof’s in accredited institutions… Obviously the tuition fees charged to the students had not been enough to cover these researchers idiotic plans….

    What bugs me the most about hearing about these waste cases… is that the kids in these institutions will no doubt see their tuition’s rise…

    These so called ‘researchers’ give honest scientists and engineers a ‘bad name’… You would think that any credible institute that employees such so called ‘researchers’, would dismiss them immediately…

    Some Prof running a ‘hair brained’ useless project that has a PhD degree should not automatically qualify him for a government research grant…

    The government should stay out of higher education, since they appear to be incompetent in determining the difference between a ‘hair brained’ and a ‘respectable’ research project.

    Most of the respectable researchers deal companies and private investors, that finance the idea… Government grants etc… are only needed by dudes that can’t finance the project on their own and cannot find others willing to help them out…

    • Tee Gee

      Glench, man…
      You make a lot of good points, but somebody’s got to tell you that the term is “Hare-brained”, and not Hair-brained”.

  • ben

    If there was amendment by Thomas Jefferson in the constitution, it would mean nothing to the politicians. The problem lies in the fact that it would just be twisted.
    Example: did Thomas Jefferson account for wars with this amendment? Congress would then say thats a loophole and go into debt. They do this all the time. look at the 2nd amendment, right to bare arms, now we want to tell certain people who can have them and who can’t. Same with free speech. Its sad but the constitution holds no value like it once did. To many people like to twist it.

  • Paul

    Obama was in power the last 30 years?

    LOL

  • Paul

    #55 is good.

    In the next 500 years the government needs to spend gazillions of money it doesn’t have yet.

    • Mondobeyondo

      This government won’t be around 500 years from now.
      If we’re lucky, it’ll last 5 years in its present state.

  • Paul

    What if the government said so what, we will never repay that debt. Then its no debt anymore. What do you want to do? Fight? Against the US army?

    You could try to cheat every American tourist and businessman you meet.

  • Paul

    #19 is neatly hidden.

    Cut the spending on guns and ammo and fighter fuel, and put it into wind mills and sewage pipes.

    Do this for 5 years and watch the economy soar.

    • SmallerGovNow

      Watch it soar just like Spain you mean? You really have no idea what you are talking about Paul…

      • Paul

        Well, sun and wind come for free, oil and coal need at least be transported to power plants.

        Sewage needs to be treated, or you destroy the fishing business. You can even make electricity out of sewage, at least enough to run the sewage treatment plant. The sewage collection and treatment will employ a lot of people.

        Spain built residential and office buildings. “Moneymakers” That’s the problem with unregulated markets – just look at the American housing market and sub-prime credits. They go boom and bust. Again and again. The aim is to collect as much capital in as few hands as possible.

        And capitalists are never patriotic. They do not care about the country where they make the money. If it goes bust, they go to the next. Until there is none left.

      • SD

        You really have no idea what you are talking about Paul…
        I’ll second that!

  • TtT Engine

    If the U.S. government started running a $100 billion annual surplus [fantasy land], it would take $160 YEARS to pay down the $16 trillion debt we now have. This does not account for any further interest and the unfunded liabilities added on to this monstrosity. I believe we should all be prepping spiritually and materially for the BIG CRASH that probably awaits us. The only shadow of hope, other than an actual DIVINE MIRACLE, is the fact that the entire planet Earth is drowning in debt. Even China has debt problems on the municipal end of the spectrum rather than the federal top end. Perhaps a reset is coming. Unfortunately, that reset would probably also bring us world governance, total pagan environmentalism, massive taxation and oppression not seen since the days when the Israelites were enslaved by the Egyptians. “Cling to your Bibles and your guns”, you damn well need them. Anyone out there skilled at butchering the deer venison I soon might be slaying ? OB, the Planned Parenthood President, the $6 trillion dollar man, has no answers, only more deficit spending. He is giving off that scared, worried and sick glare, BIG TIME. The Rominator deserves your vote on Nov. 6th. Atleast he sees the iceberg the USS Red White and Blue is heading for. Christi Fidelis !

    • Gay Veteran

      “The Rominator deserves your vote on Nov. 6th. Atleast he sees the iceberg the USS Red White and Blue is heading for”

      LOL, like there’s any real difference between Barack “Goldman Sachs” Obama and Mitt “Wall Street” Romney

      • TtT Engine

        There are vast differences between Mitt Romney and Barack Hussein Obama. The major problem is, these differences are completely diminished by the weight of our crushing debts. Mitt Romney is a Judaio-Christian, who believes in traditional Constitutional American values which embrace life, liberty and the pursuit of happiness. He is a capitalist. Obama, our Planned Parenthood President, is a new world order globalist, environmental pagan, feigning alegiance to America, our Constitution and our founding principles. OB is also a stealth Marxist. You cannot fundamentally change America as he promised, without the stealth techniques he has used to executive order, czar us and spend us to death. He has dones this while circumventing our Constitution and the American Values that the vast majority of us want live by. Remember when the majority actually called the shots in America ? The vast majority of American loathe abortion and gay marriage, yet the ruling left ignores us and rules by essentially dictatorial power. Unfortunately, assuming death by debt is actually happening, the only question remaining is, which Captain do you want at the helm when the USS Red White and Blue hits the iceberg, Mitt Romney or Barack Hussein Obama ? I’ll take my chances with Mitt Romney, because he knows that God gets the final say in this disaster. OB, I’m sure, thinks much differently. I also hold out for the miracle of life that God has not closed the curtain on planet Earth. In that case, I’ll take my chances with the Rominator as opposed to OB, our Planned Parenthood President. Christi Fidelis !

        • Gay Veteran

          “Mitt Romney is a Judaio-Christian, who believes in traditional Constitutional American values which embrace life, liberty and the pursuit of happiness.”

          LOTS of Christians consider Mormons to be a cult.

          “He is a capitalist.”

          vulture capitalist shipping American jobs overseas

          “Remember when the majority actually called the shots in America ?”

          like when the majority opposed TARP under Bush?

          “The vast majority of American loathe abortion and gay marriage”

          evidence please

          you complain about Planned Parenthood but how many unwanted babies have YOU adopted?

          • TtT Engine

            1. Lots of people claiming to be Christians simultaneously and consistently vote for anti-life pro-abortion politicians. They are scribes and pharisees. 2. OB, our PPP [Planned Parenthood President], bailed out government motors formerly known as General Motors only to have 6 manufacturing plants and those same jobs shipped over to China. 3. True conservatives believe in a small Constitutional Republic instituted similar to its foundations, not this obese entitlement socialist style monstrosity. 4. My wife and I have been blessed by God with many children. We live very modestly in a small home on a very tight budget. If an unwanted baby was left on our doorstep, we would care for him and love him as if he were our own. 5. California voted down gay marriage. The left wing political dictatorial regime did not accept the will of the people. The left wing autocrats posing as judges violated their oaths and set the path to give gay marriage constitutional protection. You are voting for your country not a candidate on Nov. 6th. Romney, a man who lives by Judaio-Christian principles, although not a true conservative, is red, white and blue. Obama, our Planned Parenthood President, is a new world order globalist, environmental pagan, feigning alegiance to America, our Constitution and our founding principles. OB is also a stealth Marxist. A vote for OB is a vote guaranteing the collision between the USS Red White and Blue and the mega iceberg. A vote for Romney is a vote for a CHANCE to avoid that same mega iceberg. Common sense should be your guide ! Christi Fidelis !!

      • DiscouragedOne

        There are HUGE differences, and I am voting for Romney.

        • Gay Veteran

          TtT Engine: “If an unwanted baby was left on our doorstep, we would care for him and love him as if he were our own.”

          oh, so you’re NOT willing to actually go out and adopt and unwanted baby. typical

          “5. California voted down gay marriage. The left wing political dictatorial regime did not accept the will of the people.”

          gee, Jim Crow laws were certainly the “will of the people” (at least the white people). how about we vote on ending tax deductions for churches? vote on your religious freedom?

          you do realize that the elites use divisive social issues to keep us divided and distracted from the banksters stealing from us

    • Digitizedmind

      I have to agree. The only thing Romney can see is the things others tell him too. It is a global agenda and Romney is just a puppet to the puppeteers. I have no love for Obama or Romney. I lean conservative, but neither of these guys are conservative. I really wish people would wake up and quit thinking Romney is something he isn’t.

  • katys

    Imaplaneiac

    It is obvious that you are a racist referring to our current president as the “least”. You need to study history. This economic situation we are in did not start with President Obama. All the prior presidents passed legislation that have led to the decline of our country. There has been a decline in living standards for the past 40 years. If anyone is a bozo, it is you. Obama has not done anything much different than the former recent presidents.

    • SD

      When countered with facts, the lazy and anti-intellectual liberal is quick to use the word racist. Anyone who disagrees with Obama has become a racist. Like the boy who cried wolf too many times, being called racist in 2012 America has lost all meaning and guilt.

  • Paul

    Could you make a list of American corporations, with their posted profit and tax paid?

    Starbucks, for example, didn’t pay a single penny corporate tax in the UK, but made millions in profit. I won’t go there anymore. The coffee at tax paying companies tastes just the same.

  • chiller

    It’s a bit contradictory talking about a collapsing economy and at the same time stating projections 10 to 75 years into the future. I agree guberment spending has gone zombie but there’s no way this economy will last 5 years let alone 75.

    • TtT Engine

      Funny and sad, you mention 5 years. I spoke to a Wall Street player today that said under our current system, we have 5 years left before we hit a global recession [aka The Iceberg]. He also agreed that we are in the beginnings of the erosion of the dollar as the international reserve currency. This person also did not think there was a mortgage derivative crisis/bubble looming. He did agree the U.S. Government is “way over leveraged” and our per capita debt is worse than Greece. What does that tell us ? #1 In his micro sector of Wall St, he does not see the tsunami of debt on the horizon. #2 His 5 year prediction is the long shot prediction and could be much less time in reality. or #3 I am not in the BIG WALL STREET CLUB, so I was only entitled to the company line being fed to us by BIG GOVERNMENT and the STAR CHAMBER.#4 No one but God knows the day nor the hour ! Be in His Graces ! Christi Fidelis !!

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  • Mary Reilly

    I would say the average American has positively no clue just how serious the debt crisis is. Travelers and PBS put out a great 60 minute documentary explaining the US debt crisis and possible solutions in terms the average person can understand. President Bill Clinton was interviewed extensively and made some surprising revelations about the debt and the solutions. You MUST see this BEFORE the election. It is SHOCKING!!!!

    http://www.youtube.com/watch?v=MqW628w_z4w

    https://www.travelers.com/about-us/travelers-institute/thought-leadership/debt-crisis.aspx

  • Charlotte

    Way bad reading to start my day! We are in deep poop and doodo, the stinking stuff is gonna bury us all! Get prepared for the worst, it is gonna happen sooner than we think possible! Zombies won’t be just a story we watch on TV!

  • Bill

    Michael,
    These “list” articles are starting to annoy me. At best, they throw a few gems of truth. At worst, they simply repeat some of the lies and right-wing oversimplifications pushed on us by the mainstream media.

    Of your 55 “facts”, I’m counting 22 that are verifiably true, but unfortunately, several of them repeat themselves. (Using different words, of course, but saying essentially the same thing.)

    13 are oversimplifications. For example, in #6, you say that more people than ever are on food stamps in this country. That’s NOT a federal budget problem! That’s an ECONOMIC PROBLEM. If there were enough jobs out there for people to do, then they wouldn’t need food stamps! The same is true for your items regarding healthcare costs, Medicare, Federal employee pay and welfare. These are huge problems that cannot be explained away in a one-sentence list. $1.4 Billion spent on the Obamas – you’d have the President ride a bicycle to work? Yes, I’m sure there’s plenty of waste in there, but don’t simply write off the whole thing as “wasteful spending”!

    18 of them are trivial. What I mean by that is that in the big picture, these items are tiny blips on the radar and they actually CREATE JOBS! Just because YOU don’t see any value in them, doesn’t mean that value doesn’t exist. For example, the grant to study why chimps “throw poop” is actually a behavioral study of social behavior with applications in group behavior in HUMANS. The people who say these studies have no value are not the people who are actually conducting the research. If you want to know whether the study actually has relevance, ask a scientist!

    Again, I encourage you to stop falling into the trap of the media hype surrounding the US Election. We all agree that the Federal Budget is out of control, but where we should be focusing our attention is on the “big ticket” items such as Military Spending and eliminating the Federal Reserve and corporate welfare, not taking money away from “Big Bird” or taking money away from things that actually create jobs in this country!

    • SmallerGovNow

      Do the math. Social security, medicare, medicaid, welfare, and servicing the debt consume 100% of tax receipts. It is the social welfare programs that the Federal Government has ZERO constitutional authority to be involved in that are bankrupting our country…

      • Paul

        Then stop servicing debts.

        And use the money to create jobs by infrastructure projects, like sewage treatment, power lines, highspeed railways to replace short distance flights.

        Cut military spending as well. Get all military personnel back home. Save huge medical costs in treating wounded veterans.

        When you are back in black figures, start servicing debts again. Sure, nobody will give you more loans, but that’s what you want anyway, right?

    • phelps

      It is easy to create government jobs, but who is going to pay for it all? The taxpayers are going broke because of poop studies. Big Bird can pay for all of PBS without any taxpayer money.

      What we need are private sector jobs supported by the investor where success depends on the business model. We don’t need anymore industries supported by the taxpayer. If GM cannot succeed on its business model, then they should go bankrupt, restructure their debt and rid themselves of subs, or departments that have no value.

      The Poop Study has no value since no one would pay to see the results. It just keeps useless academics employed. The useless academics better hope the system doesn’t crash because they will not be able to support themselves selling Poop Studies.

      Good day.

      • Bill

        phelps,

        I agree. GM, CitiGroup, AIG, Goldman and everyone else who got a bailout should have been allowed to fail. That’s not what I’m talking about. What I’m talking about are infrastructure projects and pure science whose only job is to enhance our understanding of the universe and ourselves but lack a clear commerical application (at least at first).

        One of the things I often repeat is that money doesn’t create jobs. People and businesses create jobs. All money does is make rich people richer and poor people poorer.

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  • Repentant

    1 Samuel 8:10-20 (NLT)10 So Samuel passed on the Lord’s warning to the people who were asking him for a king. 11 “This is how a king will reign over you,” Samuel said. “The king will draft your sons and assign them to his chariots and his charioteers, making them run before his chariots. 12 Some will be generals and captains in his army,[a] some will be forced to plow in his fields and harvest his crops, and some will make his weapons and chariot equipment. 13 The king will take your daughters from you and force them to cook and bake and make perfumes for him. 14 He will take away the best of your fields and vineyards and olive groves and give them to his own officials. 15 He will take a tenth of your grain and your grape harvest and distribute it among his officers and attendants. 16 He will take your male and female slaves and demand the finest of your cattle[b] and donkeys for his own use. 17 He will demand a tenth of your flocks, and you will be his slaves. 18 When that day comes, you will beg for relief from this king you are demanding, but then the Lord will not help you.”

    19 But the people refused to listen to Samuel’s warning. “Even so, we still want a king,” they said. 20 “We want to be like the nations around us. Our king will judge us and lead us into battle.”

    Still refusing to listen, still trying to elect that ultimate king. Didn’t work out for them, will not work out for us. The only thing that will change America is when “Professed” Christians stop following Satan and worshipping him and start living in obedience to Jesus Christ and the great commission. One soul “taught to obey the commandments of Jesus” will bring forth more positive change than a thousand elections. Shame that most preachers are teaching that we should continue in sin and rely on Grace. Willful disobedience will not be overlooked, never has been and never will be. Anyone who says differently is simply a pawn for the enemy.

    • John W.

      If after four years of Obama people still want to vote for him then you cannot fix stupid.

  • http://www.surviving12-21-2012.blogspot.com doctor blue

    Ever hear the term: NO WAY OUT?
    That’s us. Everyone talks about the great re-set button being hit and everyone oweing NOTHING. Do you really think in your wildest dreams that will ever happin. Living in rags, down by the river in a tent, eating rat meat they will STILL come for their payment, and payment must be made. They may pass a reset “button” bill between nations and their bankster friends BUT NOT for their borrowers, you and I must pay. It’s in the fine print in your contract, read it…
    HELL ON EARTH IS COMING
    PREPARE!

    • Mondobeyondo

      The only way out, is through.

  • Donald Wilson

    Michael to late we as a nation have run out of time. Good luck and good night.

  • Ralphieboy

    Far too late to fix, and the end will be ugly indeed. In just a generation or two, our affluence and evolved false belief in government have warped us into a culture of instant gratification, unprincipled parasites wondering how we can create heaven on earth. But guess what? Earth will always be earth with its struggles, pain and heartbreak. The sooner we give up the foolish concept of perfection in all of our affairs, the better. And the time for this is thundering at us like a locomotive leaving the tracks. Our own hubris is our demise, and it is an age old lesson. Fact is , there is a God, and it isn’t us.

    This out of control passion for instant gratification, a stmpton of gross cultural immaturity, has been in the works for a long time. And I have been preparing for the consequences of our collective folly for a long time as well. After all, I have a very beloved family to think about. I have taught them to rely on nobody but themselves, to think critically, and try to live lives with character and integrity and to rely only on themselves financially.

    As to such programs as social security, they have always been a sham and a waste of money, giving people a false sense that government will be there as we grow old and suffer infirmity. It is a complete illusion. I am of Ss Age, but take not a penny, and never will. Always knew it was an illusion. So instead I have saved all of my life, and made it so that my kids will never have to worry about taking care of my financial needs as I grow older. I grew up with the old fashioned idea of being self sufficient, that having to take charity is a shameful concept. But, you see, most Americans have lost that sense of shame. Sickening.

    So soon our Nation will experience the consequences of instant gratification. We can try to blame Wall Street, big corporations, the federal government, the Bilderbergers, the Fed et al, but in thee final analysis, we only have ourselves to blame.

    • Gay Veteran

      “As to such programs as social security, they have always been a sham and a waste of money, giving people a false sense that government will be there as we grow old and suffer infirmity. It is a complete illusion”

      and yet poverty among the elderly fell greatly after SS

    • Paul

      I agree, to a point.

      Companies and customers have to pay for the living costs of workers and service suppliers, not the tax payer.

      The tax payer should just shoulder the costs for the sick and disabled.

      Anyone having an accident while working – that’s the responsibility of the company, too. Either they pay, or have an insurance.

      The question remains – what to do with companies that leave our town to go elsewhere, because it is cheaper there. Shall we put a tarriff on their goods to pay the unemployed?

      Then, how can we encourage companies to come here?

      Shall we promote small businesses by asking for less tax, because they create jobs?

  • TNT

    If you remember your Bible there are certain thing’s that must take place,such as the destruction of Demascus.

    Sound familiar?

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  • Lady Liberty

    A Failure of Civility: How to Survive Disaster and Civil Unrest in America by using firearms and military tactics in cooperation with your neighbors

    http://www.afailureofcivility.com/Diary_of_John_Q._Citizen.html

    Study up you will need this if Obama is re-elected

    Obama supporters call for riots and assassination of Romney

    http://www.examiner.com/article/obama-supporters-call-for-riots-and-assassination-of-romney-1

    Obama supporters threaten to riot if Romney wins

    http://twitchy.com/2012/10/09/new-civility-obama-supporters-threaten-to-riot-if-romney-wins/

    • none

      Thank you for your time writing this.
      Mine is below a few spaces,,, not near as goog as your comment.

  • http://militantjeffersonian.com Republicae

    Politicians and Bureaucrats, the most toxic combination of idiocy, lunacy and buffoonery ever concocted in the history of the world. I wonder if anyone ever ask “who are these people?”, just listen to them, listen to these politicians and their bureaucratic enablers, look at their “good ideas”, listen to their words, delve into the legislation they propose and pass…amazing, absolutely amazing that we allow these utter idiots to remain in places of power. Amazing that the American People have not fertilized the Tree of Liberty.

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  • Washington

    Who’s Afraid of an Open Debate? The Truth About the Commission on Presidential Debates you may not know.

    http://www.youtube.com/watch?v=1NXhoP5bQ2M&feature=player_embedded

  • john jackson

    The private banking elite class run the world folks. They create the booms and busts and profit from it. The only way to get ahead is to have a strong mindset and alternative investment strategies… Stay ahead of the masses:

    http://theelevationgroup.net/presentation/register.php?a_aid=a6affed9&a_bid=e6b01db8

  • http://TheEconomicCollapse Darin

    As long as we have the Federal Reserve nothing is going to change. Our economy is based on spending and borrowing from other countries not producing things. The system is corrupt and stacked for the wealthy elite.

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  • Imaplaneiac

    KATYS,

    I don’t recognize your blog name – you must be a new reader of Michael’s blog. Since you’ve found this web site you MAY actually LEARN what’s REALLY going on in our country! NOW you can stop watching all the Far-Left, State Controlled TV ” news ” reports!

    Racist?! I served 22 years ACTIVE DUTY in our Armed Forces. If you did so too, you’d realize how IGNORANT your assertion is! BTW, what have YOU done to defend our nation; to defend MY freedoms??

    Dude, I base my assessments of people on their brain / mind and heart and soul. Their ACTIONS – not their rhetoric – reveal who they REALLY are!

  • Mondobeyondo

    Might as well speak the truth which everyone else either denies or is afraid to admit:

    Our way of life, as we know and enjoy it today, is doomed. Kaput. Over.

    The paradigm is not just shifting, it’s about to be turned on its head.
    Life long full-time employment – GONE.
    Current concept of retirement – GONE.
    Your comfortable standard of living – GONE.
    Affordable college education? Long, long GONE.
    A job other than McDonald’s or Walmart? GONE.

    Enjoy it while you can, because it will ALL soon be GONE.
    If America ever does recover and comes back to its glory days of the 1950’s (economically speaking – definitely not socially or racially), it would be a miracle. But it won’t happen. Wanna know why?

    – $16 trillion debt, and counting
    – Massive trade deficit
    – Lack of manufacturing jobs
    – Failing educational system
    – Collapse of ethics and morals
    – Disappearing rights and freedoms (TSA, Homeland Security, etc. etc.)
    Among many others.

    Like I said – enjoy it while you can. Sarah Palin may not have been able to see Russia from her house**, but I can see the end of the U.S. from here.
    ————-
    ** she never actually said that. Tina Fey, of “Saturday Night Live” fame, said it.

    • Been There, Done That

      I’m currently in Canada and I can tell you honestly 100% that there aren’t even any jobs available in the cities I’ve lived in for Wal Mart or McDonald’s. I tell you this truthfully, as someone who believes in God and TRIES to follow the tenets of my faith (although as of late my patience is being tried greatly), I am telling you that it’s not just the USA; Canada is also very bad. I have lived in three cities so far in Ontario and there are NO JOBS in Wal Mar tof McDonalds. I’ve even checked the Toronto ads and here is NOTHING there as of late. Very scary, especially as Christmas season approaches. It seems like nobody is hiring for seasonal jobs except The Bay, which is an upscale store.

      • Been There, Done That

        Sorry about the typos, I tend to type fast and don’t check my errors.

  • USCitizenInLA

    The U.S. spent $3.7 Trillion on our fight on “terror” in the Iraq and Afganhastan wars. We, as U.S. citizens, voted for it. So, quit your complaining, shut up and pay for what you asked for!

    • http://theeconomiccollapseblog.com chris1

      “Iraq and Afganhastan wars. We, as U.S. citizens, voted for it”

      I missed that on the ballot.
      The military industrial complex decided.
      Not the taxpayer.

  • Old Man

    During this election year, there has been NOT A SINGLE PROPOSAL TO FIX THE NATIONAL DEBT & DEFICIT problem.

    Not from the president candidates, not from those running in the Senate or Congress.

    Why? 2 big reasons:
    1) They know the hole is unfixable by any measures from elected politicians.
    2) They don’t want to fix it anyway. The habit of the past – uncontrolled spending and borrowing – just cannot be abandoned. It is America hooked on dollar opium, just like China did back 150 years ago.

    But there’s a third reason: politics at all levels do not permit any sound and sensible proposals. Nobody can accept the pain, and the country is locked in an irreconcilable split. Just like before the Civil War.

    And therefore the problem will be fixed NATURALLY. By sheer uncontrolled monetary collapse. True to the prediction of this blog.

    In the 1930’s, Germany went through a horrific economic collapse, 15 years after it lost WW1. The politics of the day was such that a messiah was called for to fix the impossible. Once in charge, the messiah called Hitler was simply the guy who implemented the NATURAL solution for Germany. When men lost control, nature always take over. And nature always operate solely on natural physical laws, which always trumps all man-made nonsense. And that include religions and economics.

    Historians called this nature-over-man epochal crisis the Fourth Turning. USA has entered the Fourth Turning, with events happening on some kind of auto-pilot. And it will exit the Fourth Turning a different country. Even countries.

    China lost control of its opium-drugged society, bleed its entire stock of precious metals to zero, and lost 2 wars along the way during the 19th century. Its ‘fourth turning’ moment happened in 1900 – it blew up in a massive civil war – and China emerged a completely different country. 2000 years of China monarchy was abandoned.

    When Germany lost control of its finances, we all know what happened before and after Hitler. It emerged split into 2 countries.

    When USA lost control of its economic greed (north can’t stand no-cost slave labor of south), and western territorial expansion empire, the Civil War took over. What emerged was a country so wounded that it took 40 years just to patch things up.

    Enjoy the 21th century ride, since there is nothing you can do about it. For once, the politicians running this year are smart enough to know there is no reverse digging, so might was well dig deeper and enjoy it.

    • http://lnx-bsp.net/ Tel

      Hey that’s a bit unfair. Ron Paul had a plan to fix the deficit… stop all foreign aid, etc. People just didn’t want that. They get what they ask for, that’s Democracy for you.

  • Ben

    You know what makes me realize that America is screwed? Watching you clown shoes scrabble over scraps. Instead of acknowledging the false choice of Dem vs. Rep, you folks argue over it. I come to these sites in the hope of having my spirit refreshed by the scent of liberty. Instead I watch you folks fight over scraps while America does. What is wrong with you people? Live Free!

  • Ben

    While America dies….

  • GSOB

    Obama will probably when another term as POTUS

    Increased taxes are coming in 2013,…. not a very good year coming.

    The election will leave little time to address the coming taxes, which would hurt us all in the pocket.

    That’s the plan anyways.

  • Washington

    Published on Oct 19, 2012 by Ben Swann talks with Christina Tobin of Free and Equal Elections about the upcoming debate in Chicago for alternative Presidential Candidates including Gary Johnson with the Libertarian Party, Virgil Goode with the Constitution Party, Jill Stein with the Green Party and Rocky Anderson with the Justice Party. Larry King will moderate.

    http://www.youtube.com/watch?v=0IbD2nHsog8&feature=plcp

  • Mondobeyondo

    Will this song replace “The Star Spangled Banner” as our national anthem?

    http://www.youtube.com/watch?v=kyFyAqLtHq8

    Good heavens, I hope not.

  • Seen

    “Where would we be today if such an amendment had been added to our Constitution?”

    Well, Michael, you admitted it yourself when you said that many schools and especially law schools indoctrinate the politically beneficial viewpoint the Constitution is a outdated piece of paper and/or living document and thus more open to interpretation by future generations who in actuality view the Constitution largely as an obstacle to obstruct, bypass, and/or utterly ignore when applicable or politically expedient. Considering, this is largely true by the actions of both Democrats and Republicans; such an amendment would largely be ignored.

    “How much brighter would our future be if the federal government had been forced to only spend what it took in all these years?”

    Economically, our future would likely be very bright as long as we continued to pursue capital structure, capital creation, and ignored the pro-death cults. Unfortunately, the death, interventionist, and expansionist sects of the populace and politicians would essentially still pursue global hegemony. Essentially, even if we had kept the Dollar pegged and redeemable in gold/silver and had foreign nations purchase surpluses in US Dollars in gold, silver (other precious metals), and natural resources global hegemony would still be pursued. Interventionists and Expansionists would simply seize the opportunity to form global hegemony particularly with other nations siphoned of their natural wealth. Frankly, if the US had conducted its reserve currency status in this manner, there would have likely been less resistance. Similarly, even if the world agreed to accept a global currency as the reserve currency backed to intrinsic value, the same issue would occur.

    Gary2
    October 18th, 2012 at 5:12 pm · Reply
    “TAX THE RICH AND SPREAD THE WEALTH”

    You certainly seem to like politicians’ public relations stunts:
    1). Inflation is a form of stealth tax. It drives prices up in particular of necessities causing those in Poverty, Working Class, and Middle Class to spend more on necessities at varying sales taxes on top of price inflation, and this hinders class mobility for particularly those in poverty and working class.
    2). Taxes are designed to attack the Middle Class through a variety of mechanisms including time and disposable income as well as further demobilize the lower class (taxable income is still removed per pay that is then refunded back at a later date, which I might add largely seems to borrowed/monetized money without interest per month).
    3). Credit Lines are there largely because for many who neither fall below the poverty line for welfare but also lack disposable income in which decreases disposable income over time and by the amount used to fill a fiscal gap. (It is dually seemingly believed that without debt that there would be no money created, and Cashless Societies are considered dually a bottomless line of credit and does not effect the money supply aka underlining in both cases debt does not truly matter).
    4). Then, there is various think-tanks including and especially those attached to the UN in consultation and often used think-tanks believe the Middle Class must be destroyed to fund the greater good.

    Syrin
    October 19th, 2012 at 6:27 am · Reply
    “The government is supposed to serve US. See idiots like GARY think we are merely revenue streams for the government and we should all serve the gov’t.”

    It’s also the first step in transitioning Republic or Democratic forms of governance from those who advocate civil rights, liberties, and freedoms to civil privileges at the discretion and determination of the government, which becomes Authoritarian/Totalitarian and deduces the populace as human capital and resources to be allocated by said State.
    Destroying the Middle Class/Competition, Destroying and gutting Self-Defense, systematic destruction of privacy and rights, liberties, and freedoms often via security/greater good, and enhancing, strengthening, and centralization Central Power into few hands tend to be precursors to such government underlining the populace serves government not the other way around in addition to guilty until proven innocent.

    Gay Veteran
    October 19th, 2012 at 3:25 pm · Reply
    “right, my little rowboat got raised an inch while all the yachts got raised 100 feet”

    Our economic system is not governed by capitalist and free markets. Our markets are quite closed and heavily manipulated through interventionism. Most regulations are designed to stifle competition in the market place and what capital creation remains. Our system through its public-private partnership largely intertwined into globalization is largely an exercise in consensus building politics to appease the Corporatists/fascists, Communists, and Communitarians. Our economy is the result of embracing national socialism to the point our politicians are one of the three.

    Gay Veteran
    October 19th, 2012 at 3:34 pm · Reply
    “please provide evidence that there is no such thing as ‘shovel-ready’ jobs. I can think of a LOT of streets in Baltimore that are shovel-ready”

    It came out after President Obama’s stimulus packaged PRed as for job creation was argued to be shovel ready.

    “evidence please”

    The main one that got media attention was the Federal Law that states marriage is a union between a man and a woman that I seem to recall getting much mainstream attention at all. You probably should research this one more thoroughly as the other side of the coin is usurping Congress by use of Executive Orders similarly NDAA’s detention parameters were re-appealed and a different court was sought to reinstate the ability to enforce it. Between these two sides, it’s actually quite surprising.

    “because America has never made mistakes, right? like overthrowing Iran’s democratically elected government in the 1950s, supporting numerous dictators, etc.”

    This is a byproduct of the present socio-cultural viewpoint of apologies. Particularly, when the administration is pursuing interventionism and expansionism regardless of the mechanism used to justify it like Hawks: national interests, challenge to global hegemony, or right to protect and Doves: humanitiarianism, right to protect, and national interests, it’s typically considered a sign of weakness to apologize to former enemies and enemies. Now, if Obama wanted to apologize to the United Kingdom and France for the US not aiding them in pursuing balance of power geopolitics before Hitler conquered France and pinned UK out of the mainland of Europe who are two long-term allies of the US.
    Your example of a mistake is poor. The Iranian Prime Minister (Iran’s democratically elected official) actually possessed very little power within Iran’s governance leading to the Shaw of Iran who came to power by Russian Persian Cossaks was able to retain much power and effectively gut the Prime Minister of what power he had. Unfortunately, it does take time for the information regarding the Great Game 2 and present 3 isn’t always forthcoming.

    “and the problem is???”

    Principally, Islam considers not using the government as a religious enforcement of Islam to be an affront and offense to the Prophet and Islam. The penalty isn’t very pretty despite the bought and paid for PR campaign to make nations like Saudi Arabia more desirable alternatives than other more secular Muslim nations.

    “ROFLOL, that’s like saying the Titanic had a great voyage PRIOR to hitting that iceberg”

    Well, do you give credit to Obama for saving x amount of jobs even though those jobs remain dependent on fiscal/monetary interventionism into the market even though virtually no one gives W. Bush credit for preventing an utter collapse caused by millions of dollars being zapped by naked shorting out of Dubai which would have collapsed the US’s economy in 24 hours and the global economy in 48 hours. Research into Naked Shorting August 17, 2008 If I recall correctly.

    “you do realize that financial deregulation happened under Clinton and was supported by BOTH parties?”

    It was also focused mainly on the banking industry; otherwise, capital creation and manufacturing have been buried in regulation particularly through environmental regulations.

    “What if the government said so what, we will never repay that debt. Then its no debt anymore.”

    Doubtful:
    1). The US is interested in maintaining its ambitions that requires large domestic and international spending as well as military interventionism. By defaulting, it’s interests collapses.
    2). The fact of the matter is that the debt is the basis towards the ability to consider people human capital and resources capable of being determined what to do and when. The more public and private debt a person owes; the more work/labor of a life time is going to be confiscated. This is why it is important to acknowledge the mere fact that COG, sustainable development, and Agenda 21 considers people capital and resources should be quite alarming.

    • Gay Veteran

      Travel any highway in the country, cross any bridge, there were tons of “shovel ready” jobs.

      Regarding DOMA (the mis-named Defense of Marriage Act), Obama is not the first president who has refused to defend in court a law he considers to be UNconstitutional.

      “The Iranian Prime Minister (Iran’s democratically elected official) actually possessed very little power within Iran’s governance”

      Makes no sense whatsover. If he had so little power then why did Britain and the U.S. overthrow him?

      “Islam considers not using the government as a religious enforcement of Islam to be an affront and offense to the Prophet and Islam.”

      you pretend that all Muslim countries are the same. they aren’t, see Turkey

      And you utterly missed the point about Bush. The Big Banks should have gone into bankruptcy instead of having the taxpayers bail them out.

      “capital creation and manufacturing have been buried in regulation particularly through environmental regulations.”

      no environmental regulations in China, just don’t inhale the air or drink the water

  • Been There, Done That

    Don’t worry, Canada is just as crappy, pardon my French. I’m a dual citizen and moved here with my husband after the economy in California went kaboom (both lost our jobs). Guess what? Two and half years later and we’re also struggling up here. We’ve moved to one of the best provinces besides B.C. and have also moved throughout the province from north to south. Let me tell you, the economy here might even be WORSE than in California and I totally regret coming up here now. I have not found real work since I’ve come up here, and my husband is going from one temp job to another, and relying on his parents for help now and then. It’s a total nightmare! Don’t believe Canadians who say it’s stable up here — it’s not! We’ve been in three different cities so far in just the span of a few months and everything is just part-time, part-time. The only other jobs are temp jobs that don’t pay well. We’re currently in a small town where these industrial types of jobs are numerous, but at any moment you can be told there is no more work and then you’re back at square one. Toronto also has NOTHING much except part-time jobs. If you’re lucky you can get a good paying jobs, but those are far and few between and there is a LOT of competition. One job I applied for had almost 200 applicants. So folks, take it from someone who is actually living the real life you have probably considered (i.e. moving abroad): Do not come to Canada, it doesn’t have jobs. All there are here are myths. For example, the myth that there are tons of jobs in the oil fields in Alberta. It’s all lies. People talk about “opportunities” and then you find out it’s not really as great or even half-cracked up as they claim. So, to reiterate, if any Canadian says the economy up here is good, don’t listen to them. I also speak to other Canadians on a daily basis who complain they can’t find work and have to drive taxis part time and that their own kids cannot find work. The depression is affecting every single country and the MEDIA of all of these countries LIE to everybody to keep them from getting panicked.

  • No Jobs in McDonalds

    I’d like to say just one more thing — sorry if I’m writing too many comments.

    So many people are saying the “only jobs left” are in McDonalds or Wal Mart. No, sorry, you’re wrong. When we lived in the USA, after losing our jobs, my husband couldn’t find work in either, and neither could I. I also have a degree so everywhere I go it makes me overqualified, but that doesn’t matter because for almost two years my husband applied for fast food jobs and all the supposedly “plentiful” low paying jobs of that sort, and he never got hired. The same thing is happening in Canada. There are no jobs in McDonalds or Wal Mart, so we are being told, and this is after having lived in three cities in Ontario. NO JOBS IN MCDONALDS OR WAL MART.

    I am beginning to think that even the assumption that the only jobs being created are in fast food or Wal Mart is also a lie or a dangerous myth people are telling themselves to placate their fears. They think, “well at least there are are still Wal Mart jobs for the kids and grandma.” No, sorry, I haven’t found that to be the case, and things are probably even much worse than what you are thinking.

    I have lived through the experience of this depression since we both lost our jobs in 2007 and 2009, and I can honestly say there are no fast food jobs or Wal Mart jobs ANYWHERE, and I’ve looked through the jobs ads for various cities for years now.

    I don’t know who started this myth, but it need to stop. We need to acknowledge that even the jobs at fast food and the service sector are drying up as well.

    What I wonder is, what’s going to be left for your children in a few more years? Does anybody care enough to do anything about it other than just talk? You can’t just keep convincing yourselves about things that are not true.

    • Mondobeyondo

      The two key phrases every American must learn to gain employment in this country are:

      1) “Would you like fries with that?” – and:
      2) “Any ice or stamps today?”

      And even that might not be enough to get yourself a job.
      Things are looking very dire indeed.

    • Gay Veteran

      “I am beginning to think that even the assumption that the only jobs being created are in fast food or Wal Mart is also a lie or a dangerous myth people are telling themselves to placate their fears.”

      you need to get a clue (start by reading Paul Craig Roberts, Reagan’s assistant Treasury secretary)

  • Graham

    A few facts..

    ..about American finance that many “may not know”. Where else is the money coming “from” and where else is it “going”? Just be aware of it, now that most are aware of what is happening to them financially. Time to get the blindfolds off and consider other factors aside from an out of control Federal Reserve and a completely corrupt banking sector. Denver International Airport is not “all” what it seems! Something and somebody has been financing this… and many other “bases”. Why?

    Romney/Bain Capital Exposed as Cartel Cash Laundry:-
    http://www.veteranstoday.com/2012/10/15/breaking-romneys-bain-capitol-drug-front-for-bush-cartel-video/

    This is not a subject that I would discuss here, but it might waken some up to where “trillions” have been disappearing to (black projects). Those who have followed the Gary McKinnon debacle may be interested. The UK decided last week that they will no longer be extraditing him.

    http://www.veteranstoday.com/2012/10/20/ufo-disclosure-gordon-duff-on-coast-to-coast-with-george-noory/

    • Graham

      US Drug Money?

      The videos and photos paint an interesting picture. Are US troops protecting a “war funding” and “pocket lining” asset? I know from a retired Royal Marine what was going on in the late 80’s re Opium, Heroine, the CIA and Bin Laden’s Mujahideen. Same game? Poppy Bush has certainly gained a renowned reputation in certain quarters!.

      U.S. Troops Patrolling Poppy Fields In Afghanistan:-
      http://www.washingtonsblog.com/2012/10/14066.html

  • Newton

    I like the way all these defenders of the anointed one conveniently neglect to omit his absolutely astounding statements and his background which has been covered here over and over again.

    you know, statements like ” we are going to fundamentally change the USA”.

    Under my administration, power sources will neccesarrily skyrocket.

    I could go on for 3 pages, but we all know who this man is

  • Dement Horizon

    #50 The U.S. national debt is now more than 37 times larger than it was when Richard Nixon took us off the gold standard.

    Read this again and again. This is when the “petrodollar” was born and the dollar effectively became a fiat currency. That was a brilliant political and economic move at that time. What should have happened was the US should have built up its gold reserves and gone back to the gold standard. The only end game I see now is the fall of the petrodollar, massive inflation when all the dollars come flodding back and unimaginable misery to all.

    Micheal, I would love to hear your thoughts on the petrodollar.

  • none

    GOOD NEWS: Micheal.

    Barrock Obama just got the feminist vote.
    He con-jobbed Hillary into taking responsibility for the failure at the embassy security.
    Then he tried to hide behind the debate monitor. Another big load mouthed female, who favored him with extra minutes, and extra rules in his favor.

    He really should feel like “the man who runs the country” ?

  • http://theeconomiccollapseblog.com chris1

    Real debt of the USA is 200 TRILLION
    over the next 30 years.
    Prof. L. Kotlikoff.
    ECB, please interview him

  • El Pollo de Oro

    Back in 2006, Peter Schiff said: “The United States is like the Titanic, and I am here with the lifeboat trying to get people to leave the ship” and “I see a real financial crisis coming for the United States.” The Bushbots and neocons yelled, screamed, mocked him, ridiculed him and told him to leave the country. But Schiff was absolutely right: the American economy was heading for a brick wall at maximum speed. Schiff has said that the country has been in a depression since late 2007. I’ve described it a bit differently, saying that The Banana Republic of America entered a recession in late 2007 and that the recession became a full-fledged depression with the crash of September 2008. I’ve been saying that the former USA has been a Third World banana republic since the Bush years, and none of the evidence disproves that. As Schiff says, there is no economic recovery; things are very bad and will inevitably get much worse.

    I’m still predicting that Mitt “Wall Street” Romney is going to enjoy a narrow victory over Barack “Goldman Sachs” Obama on November 6, and many of the polls support that assertion. But whatever the outcome of this farce of an election, the BRA is heading for an economic horror movie that will make the Great Depression of the 1930s look like a sunny picnic at the Jersey Shore. It’s going to be nasty, and neither the Obamabots nor the Republi-con neocons will admit that what is going on is much bigger than Bailout Barack or Mormon Mittens. This is a global economic nightmare that is going to play out regardless of whether Corporate Puppet #1 or Corporate Puppet #2 wins the presidential reality show, as Gerald Celente calls it—and it won’t be pretty.

    Establishment Republi-cons insist that if we just give Mittens a chance, he will lead us to the promised land. Why would I believe a damn thing they have to say? These are the same clowns who bashed Ron Paul during George W. Bush’s reign of terror and, as recently as August 2008, were denying that the BRA was in a recession–let alone about to go into a depression.

    Establishment Democraps insist that if we just give the current administration four more years, we will be led to the promised land. Why would I believe a damn thing they have to say? These are the same clowns who claim that Goldman Sachs’ pal Jon “MF Global” Corzine did nothing wrong and that “the recession is over.” Economic recovery? More like a depression that has lasted four years and will deepen considerably.

    No, anyone who isn’t taking happy pills realizes that the Titanic is sinking fast. There will be no happy ending for The Banana Republic of America, collapsing empire of the Third World.

  • onething

    Why speak of government debt as though it were a matter of bad politicians spending, when usury as the foundation of our financial system is the root cause?

    What about the fact that our founding fathers well knew that having a private central bank control our money supply would ultimately impoverish us? They didn’t concern themselves with the political party or character of the ensuing presidents, because it follows as the night the day, that if we succumbed to the central bank in which all our money is borrowed into existence, that we would always be in debt.

    The people that are on food stamps are not the problem.

  • Graham

    Michael:-

    You may want to take a look at this “rather astounding article” from Friday’s UK Guardian newspaper. If the Daily Mail and Telegraph (UK) catches on, we can perhaps expect to see some major changes.

    I certainly can’t see the highly controlled US mainstream media picking up on this, but I may be wrong. Off to read the stories forum!

    Headline:-
    The end of the New World Order
    [The upheavals of the early 21st century have changed our world. Now, in the aftermath of failed wars and economic disasters, pressure for a social alternative can only grow]

    http://www.guardian.co.uk/commentisfree/2012/oct/19/new-world-order

  • Graham

    Third Party Debate:-

    Larry King has hooked up with RT to present a third party Presidential debate. Should be interesting. See link for time and date. Pass on the word. RT is a veyr interesting news channel, especially the Capitol Account and Max Keiser. Hard facts.. good laugh.

    RT presents third-party presidential debate:-
    http://rt.com/usa/news/third-party-debate-rt-745/

    [In response to widespread blackout from both the mainstream media and political establishment alike, RT is honored to be presenting a platform for the major third-party candidates also vying for the White House this election year to debate. The event will be moderated by multi-award winning broadcast journalist Larry King and will be broadcast live from Chicago, Illinois on October 23. RT America and RT.com will offer the event live in cooperation with the debate’s organizers, the Free and Equal Elections Foundation.]

  • El Pollo de Oro

    I watch RT a lot. Anyone who has Gerald Celente as a frequent guest gets a thumbs up from me. Recently, I’ve been checking out Abby Martin’s “Breaking the Set.” She leans to the left but isn’t a Democratic Party apologist (unlike MSNBC) has been very good about having libertarians and independents on her program (she’s recently interviewed Gary Johnson, Jesse Ventura and Jill Stein).

    • Gary2

      do you get the trends journal???

  • mike

    Why is number 19 not number 1 on this list?

  • none

    GOOD NEWS: Micheal

    I just got out an old DVD from the library. Called “Factory Girl”.

    It is a true life story about Andy Warhol. And what he did to, Edie Sedgwichthe first original “it” girl in 1960’s model. She set two major fashion trends that are still going on today?

    Since Andy Warhol could not end up with her, he wrecked her carrier. By drugging her up with LSD ? And having musal bound guys have sex with her.
    Then he put it on film, showed it and called it art.

    This wrecked it for her and she finally left New York, broke then died of a drug overdose later at home. Then they showed interviews of Andy saying that he “felt bad”. All was forgiven for Andy Warhol. Also he was considered a great liberal, “Homosexual”. That this is sort of expected.

    If I had any Warhol paintings, I would sell them. As they might lose all value in a few years.

  • DJ

    I do wish that Mitt Romney wins the Presidential Election. As far as the many people moving to countries all over the world, because of Romney as President. GO, it is not going to bother me and many of my friends. Who, have more backbone than the ones that are moving. You only came over here for the freebies. Our own military overseas is agains Obama, many soldiers have spoken up. As for riots, citizens have the second ammendmant to stand on and free speech.

  • Gary2

    MASS SHOOTING IN WISCONSIN

    Yes this is only 20 miles from where I live and I have been there on occasion. I do not know any of the folks who were killed or injured.

    I generally hate malls and the crowds associated with them, however, my son and his GF like to window shop for some reason but they were both working today so they were not at the mall.

    • Mondobeyondo

      I heard that 3 people have been killed. Wishing the best for those injured.

  • Washington

    “Those Voices in Washington, Don’t Speak for the Rest of Us”

    http://www.youtube.com/watch?v=7wusgcG4rfo&feature=player_embedded

  • Ellin Callvis

    A little bit of “slant” going on here…about FOOD STAMPS Fact #6. It seems you are trying to make Obama look worse than he is, and astonishing to me is that since the only other choice is Romney and the Republicans… really?? Are you hoping THEY get in?? Wow, I cannot believe that there are any Americans left who dont see that the Reps. are worse than the Dems.

    They are “two sides of the same coin” – America really needs more choice.

    The facts are true, just incomplete.

    Instead of total numbers, try percentage increases:

    From 2008 to 2012 there was a 47% increase in food stamp use.

    From 2000 to 2004 there was a 48% increase in food stamp use.

    Googled stats on food stamp use:
    2000 = 17 million Americans on food stamps
    2005 = 26 m
    2008 = 32 m
    2012 = 47 m

    • Samuel Sprayberry

      You have to look at the percentage increase of what #. Example; 1,000,000×1.47=1,470,000.
      Then using your stated percentages; 1,470,000*1.48=2,175,600.
      An increase of 705,600 is more than an increase of 470,000. Look at the percentages in context.
      If you have a 1% increase on interest on a 1,000 dollar debt. Who cares. However, if you have a 1% increase in interest payable on 17,000,000,000 dollars, then the amount is material in nature. HIGHLY material.

  • Max Max

    Our real problems is just plain ignorance and cowardice.

    FIGHT THE CAUSE – NOT THE SYMPTOM

    OsiXs (Revolution 2.0)

  • crumudgeon

    When Congress wants to spend deficit money, it must give the Federal Reserve Treasury securities in the amount of the deficit. The Treasury then helps (lends its name) so the Fed auctions the securities.

    If the money from the auctions went to the government, there would be no increase in the National Debt. There would also be no increase in the amount of currency in circulation (inflation). The flow of money would be the same as a taxpayer paying taxes while receiving a security. [This is the flow of money used when prior issued securities are rolled over.]

    The handling of all funds and records of the auctions is done by the FRBNY. Money from the sale of deficit spending securities disappears in the vaults of the FRBNY. There are no public records or audits of disbursement of auction accounts.

    Deficit spending funds ( over $1.2 trillion annually or $4 billion every day; 7/52) disappears in the vaults of the Fed as profit. All profit legally belongs to the government. Under any other circumstances, it would be called embezzlement.

    Ref. Federal Reserve Heist, http://www.scribd.com/doc/101937790 ; or RIP OFF BY THE FEDERAL RESERVE, http://www.scribd.com/doc/48194264/rip-off-by-the-Federal-Reserve-revised .

  • Washington
  • REED RICHARDS

    Michael,

    Nice to see you finally come around to the fact that Amerika is a socialist society in some respects. Socialism for the political and financial elites and crony capitalism for everyone else.

    HOWEVER:

    Bottom line, either Obamney or Robama the Asylum States of America will collapse from the weight of its own corruption and warmongering…………

    “#32 When you combine all federal government spending, all state government spending and all local government spending, it comes to approximately 41 percent of U.S. GDP. But don’t worry, all of our politicians insist that this is not socialism.”

  • Vote No to B.O.!

    We can’t afford 4 more years of President B.O. – According to Michael Lombardi, financial expert and lead contributor to Profit Confidential, many Americans are experiencing inflation already when it comes to food prices and gas prices, and these rapidly increasing prices are not properly reflected in the Consumer Price Index (CPI) numbers, meaning real inflation is going to be a bigger concern than it already is for the U.S. economy.Lombardi argues that the prices of goods are increasing, because the U.S. dollar is depreciating faster than ever before. http://www.prweb.com/releases/2012/10/prweb10013859.htm

    • Swiaa Man

      You are absolutely right about concealed inflation rates, and its only going to get worse, but a choice is between 2 extreme deficit spenders!!!????

      There is no savior among politicians.

      Do NOT rely on politicians to save you, YOU MUST take action to save yourself.

      Hyperinflation is a local event. It does not affect foreign currencies. There are several brokerage firms (and fewer banks) that will still allow American clients to open accounts without traveling to the foreign firms office. Many are completely removed from the western worlds unstable banking system. We’re talking well capitalized firms operating in very solid, stable currencies. You could hold your cash there in the local currency, or sometimes have a choice between several currencies, or purchase shares in companies earning their revenue and paying dividends in solid foreign currencies. See swisssolution.webs.com

  • Winston

    OT
    You can get antibiotics off prescription.
    Google Fish-mox.
    Someone on another blog turned me on to it.
    Exact same formulation,same manufacturers,dosages etc,
    just relabeled for fish treatment.
    Vital for any prepper.

  • Anonymous Coward

    I’m not an US citizen, nor do I live in the US. But at least to me the list looks biased. It contains a lot of info about spending, completely disregarding the context.

    A dollar today is a lot less worth than it was 4 years ago, therefore I think that if you do the comparison based on purchase parity power you’ll note that the income of federal employees has not grown that much. OTOH, a state with badly paid employees is an easy target for corruption.

    Also, the Obama administration had to deal with the consequences of the huge financial crisis generated by the lack of regulations during the two previous Bush mandates. It’s always very easy to destroy, but very hard to rebuild.

    Another disregarded fact is that all developed countries, not just the US, had problems of all sorts over the last three years. The US at least seems to be out of the woods, whereas Europe still struggles.

    Last but not least, at the end of the Bush Jr. presidency, the US was extremely badly seen throughout the world, specifically because of the huge military impact of the US accompanied by extremely bad diplomatic performance. This is completely different now.

    The huge military spending of the US is not something created by the Obama administration, it’s inherited – during the Bush era, the military spending was even larger than it is today. Cutting it too fast would cause another social shock – lots of soldiers would suddenly become unemployed, and much of the military technology of the US would land on the black market and end up in the hands of terrorists. Do you really want that? That’s why the military spending has to be reduced gradually, over maybe more than a decade, and a significant reduction cannot be achieved by a single president in just four years. OTOH, a republican president would increase military spending, maybe even start a new war – historically, that’s how republicans always act.

    I don’t mean to say that Obama’s presidency was rightout ideal. What I mean is that you can’t look at things in a simplistic way, and given both historical data and the context in which Obama had to act, I think his performance was better than any of the republican presidents the US had over the last few decades. Indeed, the last really good president given by the democrats was Clinton, but he acted in a completely different context – the world economy was growing, international relations of the US were OK, the cold war was just over, he didn’t have a debt crisis on his hands and didn’t inherit an extremely costly military operation abroad.

    • http://www.facebook.com/wayne.chipman.7 Wayne Chipman

      What kind of Government Kool Aid are You on.

      • Non-koolaid drinker

        His first sentence explains it all.

  • http://www.fredperry-pascher.com fred perry polo

    Absolutely right. Going green is the future in every sense. Because if we don’t go green, then there might not be a future at all.

  • http://www.fredperry-pascher.com polo fred perry

    Thank you for the post, I found it very thorough. After the next five years, do you see a majority of countries embracing (costly) alternative energy, in spite of the developing economic landscape?

  • http://www.moncler2012outlet.org moncler outlet

    stock markets are not as easy to predict, because it takes a lot of statistical analysis, to improve it, so you have to know how it analyzes, and according to the analysis, taking the best measures of the case.

  • http://www.jacketxxl.org moncler sale uk

    The optimism you express in the article seems a little premature if for no other reason that so far the overall economic news is only less bad than previously.

  • http://www.doudoune-outlet.net blouson moncler outlet

    Absolutely right. Going green is the future in every sense. Because if we don’t go green, then there might not be a future at all.

  • Haresh Patel

    The private sector is many times worse in spending habits than the government. Look at 100 million dollar sport contracts, what Kardasians, Gaga, Hilton are pulling in. Look at all the billions the fraudsters in the financial industries are racking in with impunity and you won’t too bad about the Government spending.

  • Bruce

    Time is NOT running out, it has run out!!!!!!!!!!

  • Floyd_Lloyd

    Referencing #20, about th U.S. spending more on the military “than China, Russia, Japan, India, and the rest of NATO combined”, how many European countries don’t even have militaries, or have token militaries, because the U.S. provides for their security via our bases around the world? How many countries, like post war Japan for instance, have had booming economies because they don’t have any military spending thanks to the U.S.’s protection? Even Israel, who has a top notch military, relies on the financial aid of the U.S. in both funding and equipment. And we remain forever the bad guy.

  • RealTalkNOchaser

    yeah now run the same reports for when Bush was in office!!!1

  • nico

    even selling the white house, capitol hill, and the whole washington DC can’t pay for all that.

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