The Fearmongering At The Top Begins: Obama Says "Can Not" Guarantee Social Security Payments Without A Debt Ceiling Hike
It worked for Hank Paulson who showed up in Congress with a three page termsheet, delusions of grandeur, a scary story, and an easily frightened audience. Why should it not work for the president. As Reuters reports, "Barack Obama said in an interview on Tuesday that checks to recipients of the Social Security retirement program may not go out in early August if he and congressional leaders do not agree a debt deal. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue," Obama said in an interview with CBS, according to a transcript on the network's web site. "Because there may simply not be the money in the coffers to do it," Obama said." Is that so Mr. President? Please explain then how according to the most recent DTS the YTD (fiscal) amount paid out on Social Security is $469 billion, well below the amount collected from Federal Tax Deposits of $780 billion. As a comparison, this number is lower than the combination of Medicare and Medicaid ($638 billion YTD), and the combination of Defense and Education Payments ($480 billion). Indicatively, Federal salaries are a whopping $137.6 billion, or said otherwise, all of the SSN payments to date are just three times bigger than what the government pays its own employees. Perhaps a bigger issue is that the debt held by the public has increased by $720 billion YTD, a number which will soon grow to $1.5 trillion if the government does get debt hike it so desperately needs.
Wednesday, July 13, 2011
Wake up America is going down hill fast !!!!
It is estimated that there are 450 billionaires and 3,000,000 millionaires in United States as per 2011. The net worth of all households in US population around 310 million { with at least 20 - 40 million illegals } was US$56 trillion. The 450 billionaires are worth US$1 trillion, while 3,000,000 millionaires are worth US$11 trillion – which comes to one percent of US population owning more than 21 per cent of countries resources.
Many of these billionaires and millionaires have accumulated their wealth by managing fellow Americans’ money or looting the resources of under-developed nations around the globe.
International monetary system (WB, IMF, WTO, USAID, etc.) is based on crony Capitalism and is maintained by the super-powers for the benefit of their minority rich elites which was the driving force behind western colonization of most of Asian and African nations. These greedy and corrupt elites feel no mercy for their own countrymen either. The controlled governments always are there to bail then out by using taxpayers’ hard earned money.
One America’s largest bank, Washington Mutual, collapsed and shareholder lost US$80 billion plus US$200 billion in bad assets . The world’s largest insurance company, A.I.G Insurance { to big to fail could not insure a pile of dung } which has posted a loss of US$1,500 billion. Then there is the Lehman Brothers, whose stocks went from US$85 down to $.21 cents. The company declared a loss of US$500 as result of stock loss, account payable, debt and other liabilities.
American Crony Capitalism is based on monopoly , Usury, & greed. Which is not truly free market capitalism. Temujinist hold the view that economic disorder is caused by unrestrained greed , arrogance , apathy and stupidity. Which cause a nation’s miseries and result in a nation’s moral degradation. Sadly most of America today lacks a firm just moral Character .
US Payrolls +18,000
Last Month Quietly Revised Lower to +25,000 from +54,000
US Unemployment Unexpectedly Rises +.1 to 9.2% Despite Drop in Participation Rate
Since March, Number of Unemployed Rises by 545,000
Household Survey Number Unemployed Up 173,000
Household Survey Number of Employed Down 445,000
272,000 people dropped out of the labor force, reversing the labor force gain of 272,000 last month.
Average Weekly Workweek Drops by .1 Hours
Average Manufacturing Hours Drops by .3 Hours
Average Private Hourly Earnings Decrease 1 Cent
There has been virtually no improvement in part-time employment in a full year. 8.5+ million workers want a full time job and cannot find one.
Recall that the unemployment rate varies in accordance with the Household Survey not the reported headline jobs number, and not in accordance with the weekly claims data.
Digging deeper into the Household Survey, we see some more interesting data. In the last year, the civilian population rose by 1,799,000. Yet the labor force dropped by 263,000. Those not in the labor force rose by 2,063,000.
Last month the labor force rose by 272,000. This month the labor force fell by 272,000. How's that for symmetry?
The 6-month labor force total for 2011 is +4,000.
Many of those millions who dropped out of the workforce would start looking if they thought jobs were available. Indeed, in a 2-year old recovery, the labor force should be rising sharply as those who stopped looking for jobs, once again started looking. Instead, the labor force is not expanding at all.
Were it not for people dropping out of the labor force for the past two years, the unemployment rate would be well over 11%.
June 2011 Jobs Report
Please consider the Bureau of Labor Statistics (BLS) June 2011 Employment Report.
Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major private-sector industries changed little over the month. Government employment continued to trend down
32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst
Many of these billionaires and millionaires have accumulated their wealth by managing fellow Americans’ money or looting the resources of under-developed nations around the globe.
International monetary system (WB, IMF, WTO, USAID, etc.) is based on crony Capitalism and is maintained by the super-powers for the benefit of their minority rich elites which was the driving force behind western colonization of most of Asian and African nations. These greedy and corrupt elites feel no mercy for their own countrymen either. The controlled governments always are there to bail then out by using taxpayers’ hard earned money.
One America’s largest bank, Washington Mutual, collapsed and shareholder lost US$80 billion plus US$200 billion in bad assets . The world’s largest insurance company, A.I.G Insurance { to big to fail could not insure a pile of dung } which has posted a loss of US$1,500 billion. Then there is the Lehman Brothers, whose stocks went from US$85 down to $.21 cents. The company declared a loss of US$500 as result of stock loss, account payable, debt and other liabilities.
American Crony Capitalism is based on monopoly , Usury, & greed. Which is not truly free market capitalism. Temujinist hold the view that economic disorder is caused by unrestrained greed , arrogance , apathy and stupidity. Which cause a nation’s miseries and result in a nation’s moral degradation. Sadly most of America today lacks a firm just moral Character .
US Payrolls +18,000
Last Month Quietly Revised Lower to +25,000 from +54,000
US Unemployment Unexpectedly Rises +.1 to 9.2% Despite Drop in Participation Rate
Since March, Number of Unemployed Rises by 545,000
Household Survey Number Unemployed Up 173,000
Household Survey Number of Employed Down 445,000
272,000 people dropped out of the labor force, reversing the labor force gain of 272,000 last month.
Average Weekly Workweek Drops by .1 Hours
Average Manufacturing Hours Drops by .3 Hours
Average Private Hourly Earnings Decrease 1 Cent
There has been virtually no improvement in part-time employment in a full year. 8.5+ million workers want a full time job and cannot find one.
Recall that the unemployment rate varies in accordance with the Household Survey not the reported headline jobs number, and not in accordance with the weekly claims data.
Digging deeper into the Household Survey, we see some more interesting data. In the last year, the civilian population rose by 1,799,000. Yet the labor force dropped by 263,000. Those not in the labor force rose by 2,063,000.
Last month the labor force rose by 272,000. This month the labor force fell by 272,000. How's that for symmetry?
The 6-month labor force total for 2011 is +4,000.
Many of those millions who dropped out of the workforce would start looking if they thought jobs were available. Indeed, in a 2-year old recovery, the labor force should be rising sharply as those who stopped looking for jobs, once again started looking. Instead, the labor force is not expanding at all.
Were it not for people dropping out of the labor force for the past two years, the unemployment rate would be well over 11%.
June 2011 Jobs Report
Please consider the Bureau of Labor Statistics (BLS) June 2011 Employment Report.
Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major private-sector industries changed little over the month. Government employment continued to trend down
32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst
YES FRIENDS BEEN UNDER THE WEATHER !!!
Thank You to all my loyal readers. This illness has laid me down , but not out !!!. Keep those cards & letters coming. Let's all keep up the good fight !!!
Saturday, June 18, 2011
The Logic of Imperial Insanity and the Road to World War III by Andrew Gavin Marshall
The Logic of Imperial Insanity and the Road to World War III by Andrew Gavin Marshall
Andrew Gavin Marshall has written an exceptional piece of power elite analysis concerning the Bilderberg Group and the Rockefeller World Empire. It details the historic legacy and continuing impact these financial and governmental elites play in shaping our world today. Lew Rockwell is to be highly commended for publishing this monumental essay.
This article is essential reading in order to understand the background of what is emerging behind closed doors at the highest levels -- the concept of "global governance."
Marshall, in particular, outlines the pivotal role of tax-exempt foundations (such as the Rockefeller Foundation) in this process. These institutions have served as gatekeepers by establishing the perimeters of public policy debate, grant and endowment funding mechanisms, and providing cover for the long-standing covert strategic objectives of these elitists.
The curtain of disinformation and deceit drawn by the establishment media and court academia, shielding and manipulating the public as to the real history of the deliberate decline of the American republic. You will not find this vital information at The New York Times, The Washington Post, Time, Newsweek, CNN, MSNBC, CBS, ABC, or Fox News.
Andrew Gavin Marshall has written an exceptional piece of power elite analysis concerning the Bilderberg Group and the Rockefeller World Empire. It details the historic legacy and continuing impact these financial and governmental elites play in shaping our world today. Lew Rockwell is to be highly commended for publishing this monumental essay.
This article is essential reading in order to understand the background of what is emerging behind closed doors at the highest levels -- the concept of "global governance."
Marshall, in particular, outlines the pivotal role of tax-exempt foundations (such as the Rockefeller Foundation) in this process. These institutions have served as gatekeepers by establishing the perimeters of public policy debate, grant and endowment funding mechanisms, and providing cover for the long-standing covert strategic objectives of these elitists.
The curtain of disinformation and deceit drawn by the establishment media and court academia, shielding and manipulating the public as to the real history of the deliberate decline of the American republic. You will not find this vital information at The New York Times, The Washington Post, Time, Newsweek, CNN, MSNBC, CBS, ABC, or Fox News.
The Logic of Imperial Insanity and the Road to World War III by Andrew Gavin Marshall
The Logic of Imperial Insanity and the Road to World War III by Andrew Gavin Marshall
Andrew Gavin Marshall has written an exceptional piece of power elite analysis concerning the Bilderberg Group and the Rockefeller World Empire. It details the historic legacy and continuing impact these financial and governmental elites play in shaping our world today. Lew Rockwell is to be highly commended for publishing this monumental essay.
This article is essential reading in order to understand the background of what is emerging behind closed doors at the highest levels -- the concept of "global governance."
Marshall, in particular, outlines the pivotal role of tax-exempt foundations (such as the Rockefeller Foundation) in this process. These institutions have served as gatekeepers by establishing the perimeters of public policy debate, grant and endowment funding mechanisms, and providing cover for the long-standing covert strategic objectives of these elitists.
The curtain of disinformation and deceit drawn by the establishment media and court academia, shielding and manipulating the public as to the real history of the deliberate decline of the American republic. You will not find this vital information at The New York Times, The Washington Post, Time, Newsweek, CNN, MSNBC, CBS, ABC, or Fox News.
Andrew Gavin Marshall has written an exceptional piece of power elite analysis concerning the Bilderberg Group and the Rockefeller World Empire. It details the historic legacy and continuing impact these financial and governmental elites play in shaping our world today. Lew Rockwell is to be highly commended for publishing this monumental essay.
This article is essential reading in order to understand the background of what is emerging behind closed doors at the highest levels -- the concept of "global governance."
Marshall, in particular, outlines the pivotal role of tax-exempt foundations (such as the Rockefeller Foundation) in this process. These institutions have served as gatekeepers by establishing the perimeters of public policy debate, grant and endowment funding mechanisms, and providing cover for the long-standing covert strategic objectives of these elitists.
The curtain of disinformation and deceit drawn by the establishment media and court academia, shielding and manipulating the public as to the real history of the deliberate decline of the American republic. You will not find this vital information at The New York Times, The Washington Post, Time, Newsweek, CNN, MSNBC, CBS, ABC, or Fox News.
Friday, June 17, 2011
Nasty Nancy Nation by William L. Anderson
Nasty Nancy Nation by William L. Anderson
Why is Grace so afraid of the truth? Perhaps it is because Grace herself has had a problem with telling the truth in important situations. When Grace was a college student in the late 1970s, her fiancé was murdered; that much can be verified. Furthermore, Grace, whose shattered life was changed by that event, decided not to be an English major and went into law and became a Georgia prosecutor instead. Unfortunately, after that fact was established, Grace began to play fast and loose with the facts of the case.
Why is Grace so afraid of the truth? Perhaps it is because Grace herself has had a problem with telling the truth in important situations. When Grace was a college student in the late 1970s, her fiancé was murdered; that much can be verified. Furthermore, Grace, whose shattered life was changed by that event, decided not to be an English major and went into law and became a Georgia prosecutor instead. Unfortunately, after that fact was established, Grace began to play fast and loose with the facts of the case.
Friday, June 10, 2011
Matthews: Weiner a WEINER in Trouble Because His Behavior Offends 'Culturally Backward' Christian Conservatives | NewsBusters.org
Can I be Frank . This hot dog Weiner is a joke. He must go , go , go !!!
http://www.newsbusters.org/blogs/geoffrey-dickens/2011/06/10/matthews-weiner-trouble-because-his-behavior-offends-culturally-ba
http://www.newsbusters.org/blogs/geoffrey-dickens/2011/06/10/matthews-weiner-trouble-because-his-behavior-offends-culturally-ba
Subscribe to:
Posts (Atom)
Posts
