Financial Crisis

National Debt Made Simple

HE US CONGRESS SETS a federal budget every year (Before Obama*) in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective: * US income: $2,170,000,000,000 * Federal budget: $3,820,000,000,000 * New debt: $1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cut: $38,500,000,000 (about 1 percent of the budget) It helps to think about these numbers in terms that we can relate to, so let’s remove eight zeros from these numbers and pretend this is the household budget for...

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Yes Virginia, That's Why We Vote

EY BRIGHT PATRIOTS. IT'S TIME WE TAKE ANOTHER hospitable blow to the cheek from the always spot-on Ranger Joe, in a comment of his we discovered over at the stalwart American Thinker. The RJ comment really requires no other introductory context than a quick memory flash to the "permanent record" the current administration denies we have witnessed play out so far. Thanks to the snippy corporate media, a rather portentous and lawless organism which lives and dies by the snappy snippet, there is still ten percent of the population who haven't caught a clue. Let's whittle, however, that context down...


As We Awaken The Sleeping Giant

ANY OF US WHO WERE ALIVE during World War II and slightly thereafter may remember the famous quote regarding America being the “sleeping giant.” “Be fearful of waking her!” Do not wake a sleeping giant. This is an idiom which means: Do not disturb/annoy/provoke someone powerful who was not disturbing you in the first place. Japan woke a sleeping giant when they invaded Pearl Harbor. Japanese Admiral Isoroku Yamamoto is portrayed at the very end of the 1970 film Tora! Tora! Tora! and in the 2001 film Pearl Harbor, as saying after his attack on Pearl Harbor [was quoted in...


Oi! Oi! Oi!

THERE IS A REASON we do not develop our own energy resources...they are being held as collateral for our massive debts held by foreign countries. When we default you will see Chinese oils workers, miners, and other energy related workers showing up in the USA. They will live in separate autonomous communities apart from us, just like they are doing in Africa. We are destined to be a resource of the Chinese with our population being irrelevant. In order to create a new world order, the largest pool of free thinking people has to be destroyed. If you think me...


Feingold Challenges Jeffrey Immelt On New Position

e actually applaud this surprising move by former Wisconsin Democratic senator Russ Feingold (recall that Feingold was swept out of office last year in a tsunami of Tea Party expression). Just in case you're keeping score, here's the opening shot in the corporate corruption wing of the Obama School of Economic Whatevers: Friend, IT'S EVERYTHING THAT'S WRONG with corporate power today: News broke last week that General Electric, America’s largest corporation, made $14,200,000,000 in profits last year and paid $0 in taxes—that’s right, zero dollars in taxes. At the same time, C.E.O. Jeffrey Immelt saw his compensation double. Now I...