Skip to comments.Great news: The US fiscal gap just jumped $11 trillion . . . to $222 trillion
Posted on 08/09/2012 8:01:47 AM PDT by SeekAndFindEdited on 08/09/2012 8:52:46 AM PDT by Admin Moderator. [history]
Republicans and Democrats spent last summer battling how best to save $2.1 trillion over the next decade. They are spending this summer battling how best to not save $2.1 trillion over the next decade.
In the course of that year, the U.S. governmentís fiscal gap --- the true measure of the nationís indebtedness " rose by $11 trillion.
(Excerpt) Read more at hotair.com ...
Over 100 Million Now Receiving Federal Welfare
Welfare voter push has (Ma) GOP crying foul
The state has mailed out voter registration letters to nearly 500,000 welfare recipients,in a push sparked by a group led by former ACORN bigwigs that critics say is a naked bid to boost Democrats at the polls in November.
The pace of the theft will continue to increase. Make sure you possess something real that will survive the dollar and have the tools to stand in front of it and defend it. Everything else is a phantasm and will “vaporize”.
“My investing model is ABCD: Anything Bernanke Cannot Destroy”
David Stockman, director of the Office of Management and Budget under President Ronald Reagan May 11, 2012
How is the “$222 Trillion” figure computed?
Given the current structure of unending entitlements and deficits, shouldn’t it be effectively “infinite”?
We are approaching a quarter of a quadrillion dollars in overall fiscal shortfall. That ia just one step down from a gazillion.
“Given the current structure of unending entitlements and deficits, shouldnt it be effectively ‘infinite’?”
This can be dealt with by inflation, making the value of the dollar effectively “infinitesimal”.
That didn’t work out so well for Germany in the 1920s.
The list, Ping
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Most of the money listed in this article is not actual contractual debt. It consists of illegitimate, unconstitutional promises made by several generations of craven politicians, who stole the money and then spent every penny.
I'm going to be dealing with these crucial questions in great detail in the coming weeks and months.
Or a small distillery.
Who is Tom Hoefling. Never heard of him and I doubt that very many people have.
No Third party at this time! Never happen. IMO
Solient Green, folks.
OUr corrupt politicians and bureaucrates are raiding our pocket books as we speak as the IRS gains greater run on banks and pocket book prying powers.
It’s like they are building their own personal nuke shelters, while preventing us from doing so for our own sakes, before the financial nuclear attack they have fomented or let happen.
This is is going to be a real bad one.
AFter the elections, count on Iran to spike the oil in a nuke war, with Obama, elected or not, taking advantage of the crisis to assert his authority or the civil strife in the US.
“we want you to be successful, us love you long time” ahahahaha (sarc off)
This can be dealt with by inflation, making the value of the dollar effectively infinitesimal.
Yep, got my wheelbarrow oiled up and ready to go. You know for when I have to pay for a loaf of bread.
I raised a quadrillion and you upped the ante to an octillion. You know, soon we are going to be talking some real money.
EternalVigilance IS Tom Hoefling.
Sadly a vote for anyone but Romney is a vote for Obama.
I believe he's already damaged the U.S. so bad, the chaos will go on for generations. I believe this was his plan all along - to finish the job his Muslim brothers failed to do on 9/11.
In 2012, he'll be voted out. He and his family will immediately head for the middle east, where Oboma will rule over the new Muslim caliphate that he used millions of American tax dollars to create. He didn't do that "just to be nice". He had a motive.
He is the one they've "been waiting for". Oboma has been groomed for this ever since he was a child.
The 10, standing with pomp and glitter, head for their vaults.
The people, angry and in disarray, loot the shops.
Which of these knew in advance? The eagle? The bear? The crown? The sun?
No, fate was not a consideration for this race.
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When you look into theses numbers, and reflect upon our political stitutation there is really no way we can avoid the collapse senerio.
1: Even if democrats could tax 65% of our GDP there is no possible economy we could construct that would not collapse(massively contract) under such burden thus simultaneously producing a smaller output and a larger number of unemployed “welfare” dependency.
2: The Political reality is republicans are probably both incapable of seriously cutting down the massive welfare state even if they were willing. To put the matter bluntly any attempt by republicans to cut down on the welfare state will be met with resistance from both all of those currently being payed off by the same and those the democrats are able to convince.
Simply put there is not a path towards building a majority against robing what is essentially a shrinking minority of producers and the unborn.
Instead those currently invested(by government force) into the welfare system(like Social Secretary, medicaid, and medicare) will have to worry about the day when the taxes required support them & their debt grow so great that they who no longer pay the taxes(retired) will be both in the minority and on the chopping block.
We might from that perspective convince them to take a block sum of money now.
I’d also see about hiding that asset, when the leftist get desperate in an inflationary economy they WILL make like FDR and try to steal everyone’s real assets, allegedly in an effort to force them go back to their devalued currency.
When the trains stop running we will be looting at an even more extremely lawless Government senereo, if you can imagine that possible in regard to the present Federal Government’s already existing lawlessness.
If our systems of resistances are not already in place by then, you can kiss what little freedom and money you have left goodbye. Leftist will take it just like FDR took everyone’s gold.
And one day we’ll envy the more stable economies like in, say, Zimbabwe.