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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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Turning Fishermen Into Garbagemen

ITH FLOATING HEAPS OF PLASTIC CHOKING the world's oceans and fishermen chaffing at new regulations meant to protect dwindling European fish stocks, a top EU official has proposed a clever idea that may help address both problems: Pay fishermen to catch plastic trash, rather than fish. EU fisheries chief Maria Damanaki has been under fire for the European Commission's plan to ban discards of edible fish. The practice is no small problem, The Guardian wrote this week: Two-thirds of the fish caught in some areas is thrown back, usually dead, because fleets exceed their quota, unintentionally catch juveniles or species...


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...


Piercing The Political Tick

ound this sharp stab at political-economical consciousness at the always provocative American Thinker in a few words posted by the self-identified AWARE54397, and from my own current sorry state of economic ruin all I can think to add to the soil is this—Damn. I wish I had written those two paragraphs. The political tick, blood-filled and bulging. Quite a fit description of the body politik... So let us get on with the rain seeding... It won't matter if gold and oil are pumped out of the ground in record quantities, there is no recovery, no "rebound". The problem is the...