The Only Two Charts That Matter For The US, And A Q&A On The Fiscal "Debate" From Goldman Sachs

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Sat, 04/09/2011 - 22:26 | 1154287 Muir
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And since even the most self-explanatory is supposed to come with some narrative, here is Goldman's most recent Q&A on the Fiscal "Debate" - although we wonder just what debate: after all D.C. is nothing but a smokescreen to Wall Street which demands either more dollars in circulation or more public debt issued in order to keep the wheels turning. Without either of these and it's game over.

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priceless

Sat, 04/09/2011 - 23:42 | 1154371 Paul Bogdanich
Paul Bogdanich's picture

The chart numbers are deceptive.  In that presentation nuclear weapons research and maintenance expenses are under discretionary costed to the DOE when they should be under defense and the VA is under other manditory instead of defense as are the supplementals for the wars.  Like most of these charts do everything they can to minimize the cash cost of the defense portion of the budget.  In my estimation Homeland Security should also be under "defense" instead of other manditory but at least properly classifying the others would be a start.  Defense was by far the largtest item in the 2010 budget not one of three equally sized portions like that graph makes it appear.   

Sat, 04/09/2011 - 23:56 | 1154384 RockyRacoon
RockyRacoon's picture

OK.  Put everything where it belongs.  Does the outcome look any better?

U. S. A.   R. I. P.

Sun, 04/10/2011 - 00:26 | 1154413 Paul Bogdanich
Paul Bogdanich's picture

You say U.S.A.  R.I.P.

 

If you mean USA the Imperial Power then you are correct.  Were it not for what we have spent since 1964 on the military the budget deficit would be about 5% of its current size.  That's another analysis that is seldom if ever presented.  If one tracks debt owed to the public and defense expenses they roughly track each other over the last 40 years.  Anyway unless and until one decides to disolve the Empire there is no way to balance the budget which is the problem here.  The choice is go big or go home and a lot of people would rather go big than give up on the idea that we dominate the World and everything in it.  This would mean more wars where we behave more brashly, drop the democracy bullshit and make the conquered territories pay for what it cost to conquer and occupy them by outright stealing their resources and starving the surplus population.  Kind of like what the Israelis do with the Palestinians.  That's the current danger and I see no reason to believe that our current "leaders" won't go down that path.  They will of course need an excuse to change the political climate and make people forget all this human rights clap trap but this population is dumb enough and bloodthirsty enough where that should not be too much of a problem. 

 

 

 

Sun, 04/10/2011 - 00:42 | 1154442 notofdahsleeple
notofdahsleeple's picture

Trump is that you?

Sun, 04/10/2011 - 10:38 | 1154798 pauldia
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Obama’s dozens of Social Security Numbers BY COACH COLLINS, ON APRIL 10TH, 2011

 By Suzanne Eovaldi, staff writer

 Discrepancies in Barack Obama’s history “that raise serious questions about his eligibility for the office of President” have been accepted “quietly” for study by the U.S, Supreme Court, according to an Email this web site received just this week.  

 The memo which goes on to refer to “possible fraudulent use of a Social Security number in Connecticut, while Obama was a high school student in Hawaii,” is quite similar to an investigation coachisright.com posted on May 16, 2010.

According to a search done by former British police detective Neil Sankey, now a U.S. citizen and a licensed private investigator in Los Angeles, Barack Obama reportedly has 27 different social security numbers under 21 different personal and/or familial name variations in 22 different states plus the District of Columbia.

 Along with PI Susan Daniels, Sankey generated a large social security public data base in his lengthy research project, titled “List of Properties associated with Barack Obama and his family.”  Sankey’s research is featured in a web video entitled Dossier2MP4 produced by Jim Przybowski.  The Sankey/Daniels social security investigation segment alleges Obama currently is using a Social Security number assigned to someone born in Connecticut in l890!

N.B. There is no indication that the Social Security Administration re-issues numbers upon the death of a number holder no matter how long ago they were originally issued.  

   Sankey and Daniels report that Social Security numbers connected to Barack Obama and the addresses they trace to are as follows:  363 Notlem St., 34982-7358 Fort Pierce, FL.  A Social Security number beginning with zero is connected to “White House, Irvine, CA.”   A number starting with 282 connects to “713 Hart Senate, D.C,”   There was one connected to “White House, Baltimore, MD.”    Six more Social Security numbers beginning in the 400s show up with addresses in Washington, Colorado, Georgia, New Jersey, Tennessee and Maryland.

 Another five beginning with 500 connect to more cities in California, Washington, Maryland, and Georgia.  Two starting with 600, trace to Florida and Texas.  Of the three numbers beginning in the 700s, one is listed as “Pennsylvania Ave., Washington, Utah.”

 Still more. . .. Three 900s connect to addresses in California and Utah postal box numbers.  Fifteen Social Security numbers connect to addresses in Illinois.  The same number appears twice for addresses in Sommerville, Massachusetts.  One goes to 300 Massachusetts Ave., N.W. Washington, D.C.; the other traces to a postal box in Chicago.

  Two odd entries have this same number, but no street address is mentioned.  Three different social security numbers for the spelling “Barak” Obama appear in addresses on Happy Street in Covington, Washington, on Digital Highway, and Video Drive in Los Angeles, CA.

  In the U.K.’s DAILY MAIL, a news story by David Jones, 27th November 2009, said Neil Sankey is trying to prove that “Barack Obama is guilty of the most audacious act of fraud in the U.S. political history, having become President when he was not eligible to run for office.”   “Sankey is a former detective sergeant who served Hampshire police for 26 years and left with an exemplary record,” continues the DAILY MAIL story.  “As a highly regarded young detective, Neil Sankey was once seconded to elite Scotland Yard units hunting down IRA bombers, dangerous anarchists, and organized crime barons,” the reporter says.

  Several calls made to Sankey’s CA office were not returned.  His data base could not be downloaded and apparently is protected research.

No copyright statement was attached to the many, many pages of Sankey’s painstaking research which I analyzed by collating his on-screen names and figures. 

 To contact your Congressional Representative use this link: http://www.contactingthecongress.org/

 To read more use this link

http://www.scribd.com/doc/20976501/Neil-Sankey-Barack-Obama-Addresses-SS-Numbers

 This day in history April 10

 1947: Republican activist Branch Rickey of the Brooklyn Dodgers signs African American baseball player Jackie Robinson to play for his team and become the first African American to play Major League Baseball.
If you are not receiving coachisright.com directly, please signup using the RSS feature on   the home page. It’s easy and always free.

In this world you may have knowledge or you may have repose, but you may not have both. 

 Remember we have work to do. Join your local TEA party and Republican County   Committees to make sure real conservatives get our nominations.

 Comments on this or any other coachisright.com essay can be sent by following the posting instructions below.

Sun, 04/10/2011 - 10:39 | 1154804 blunderdog
blunderdog's picture

Fraudulent SSNs?  Jeez, you idiot, it's worse that than!  He's a demonic space-alien communist!

Sun, 04/10/2011 - 10:45 | 1154812 Pool Shark
Pool Shark's picture

 

Like I said,

Congress is merely rearranging deckchairs on the Titanic.

"Nearer my God to thee..."

 

Sun, 04/10/2011 - 13:31 | 1155148 joshbot
joshbot's picture

Appeal to ridicule, also called appeal to mockerythe Horse Laugh, or reductio ad ridiculum (Latin: "reduction to the ridiculous"), is a logical fallacy which presents the opponent's argument in a way that appears ridiculous, often to the extent of creating a straw man of the actual argument, rather than addressing the argument itself.

Sun, 04/10/2011 - 13:37 | 1155171 blunderdog
blunderdog's picture

Yes, joshbot, very good.  My post was RIDICULE.

However, the post I was replying to was not an argument.  It was a CLAIM.

For your next lesson, learn to distinguish between arguments and claims.

Sun, 04/10/2011 - 11:44 | 1154899 BigJim
BigJim's picture

It's not Obama's past that's the problem.

Sun, 04/10/2011 - 01:25 | 1154479 Dr. Porkchop
Dr. Porkchop's picture

Speaking of spending in the 60s. I'm right in the middle of watching a NOVA doc on Astrospies.. the plan to put an orbiting manned spy station in space. It was going to cost over a billion and a half dollars...that was a lot of money then!!

The MOL program was cancelled before the moon landing. The Russian's ALMAZ capsule was launched into space. They were able to photograph targets, develop the film, and transmit via video camera back to ground control. The thing even had a 20mm cannon on it because they had intelligence the Americans wanted to develop capability to attack enemy sattelites.

 

The Russians successfully operated a manned spy station, but they came to the same conclusion that the Americans did, that it was too complicated to run and fund manned spy stations.

Sun, 04/10/2011 - 04:15 | 1154583 rack
rack's picture

Funny you say that I wonder if they rolled out trump last week to plant into the public psyche the oil grab

Sun, 04/10/2011 - 05:31 | 1154606 Dugald
Dugald's picture

Oh heck! another "Pax Romana"......

Sun, 04/10/2011 - 11:16 | 1154848 Widowmaker
Widowmaker's picture

Excellent comment.

Sun, 04/10/2011 - 00:37 | 1154435 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

America died when Tricky Dick took the dollar off the gold standard.  Oh, woops, was I not supposed to call him that?  Just wondering, because people get so upset when I call the current Emperor "Barry".

Sun, 04/10/2011 - 00:45 | 1154452 Buckaroo Banzai
Buckaroo Banzai's picture

Well, actually America became mortally ill in 1913 when the Federal Reserve was created, and the 16th amendment was passed. Then FDR shot America in the head in 1933, LBJ jpushed America down an elevator shaft in 1965, and Tricky Dick hanged America in 1971.

Sun, 04/10/2011 - 22:42 | 1156552 stirners_ghost
stirners_ghost's picture

You're a hundred-some years too generous. The recipe for this shit-cake was penned way back in 1787-- Article I, Section VIII. The Fed (indirectly) stakes its claim to legitimacy (Spook of Spooks and lord of plebes) thereupon.

Sun, 04/10/2011 - 03:06 | 1154557 TheMerryPrankster
TheMerryPrankster's picture

Barry prefers to be called "corporate tool". its more hopey.

Sun, 04/10/2011 - 08:21 | 1154691 Translational Lift
Translational Lift's picture

How bout jus "tool"..........

Sun, 04/10/2011 - 09:03 | 1154719 bonddude
bonddude's picture

PTI-

The man who helped crash IndyMac, Sonoma Valley Bank and several others engages in 

insurance fraud too. Iranian lightening. A half ass bust out on his Reno casino to condo

conversion failed. the place didn't burn all the way. The film listed under Reno Sundowner on

Youtube. But first a happy cartoon about such activity.

http://www.youtube.com/watch?v=G_10L-qYl1s&feature=mfu_in_order&list=UL

Sat, 04/09/2011 - 22:35 | 1154297 Selah
Selah's picture


Default, Bitches...

How many charts and words do you need?

 

Sun, 04/10/2011 - 03:04 | 1154558 Sudden Debt
Sudden Debt's picture

Precisely!

They can explain it any way they want. The US spends twice as much as it should.

Cut 50% off everything. And do this untill the debt is down to 20% of GDP.

The longuer they wait, the more they lose from interest payments and the harder budget cuts will be.

Sun, 04/10/2011 - 05:37 | 1154610 Popo
Popo's picture

Oh, there you go with that "logic" thing again.   How about we just keep on spending like there's no tomorrow (It's easier on the political class, that way).  And when inflation rips every senior citizen a new assh*le we'll deny, deny, deny or we'll call it an Act of God and throw up our hands to the monetary collapse which no one could have seen coming.

Besides... you "logical" / "responsible" types are always coming up with solutions that career-stoppers for anyone in politics.   Why on Earth would anyone ever make a 'hard call'?   We can't even reduce the deficit by a fraction of a percent, let alone reduce spending in any meaningful way.  Please sit back, relax, stop worrying and get a bowl of popcorn: The world as you know it is going to implode, and inflation is going to eat your civilization alive.  

Please enjoy the show.

/sarc

 

 

 

 

Sun, 04/10/2011 - 07:56 | 1154673 Great Unwashed
Great Unwashed's picture

Tsk. That obviously must never happen because then some very important people would lose money, not to mention the fact that some very important people would not get reelected. Find another way.

Sun, 04/10/2011 - 03:09 | 1154560 TheMerryPrankster
TheMerryPrankster's picture

How do you default when you own the default currency and that is backed up by thin air? the Bernank don't even need ink, he just moves a few electrons around and Blam. a billion dollars. Its magic.

Sat, 04/09/2011 - 22:33 | 1154298 Manthong
Manthong's picture

Just asking.. How long has "Social Insurance Tax" been an item on the revenue side?

I thought they just stole, I mean borrowed it from the Social Security Administration.

Sat, 04/09/2011 - 22:38 | 1154301 Pepe
Pepe's picture

If we were Icelanders we may make it...

Sat, 04/09/2011 - 23:25 | 1154355 Troy Ounce
Troy Ounce's picture

http://www.bbc.co.uk/news/world-europe-13027268

BBC: No vote appears ahead in Iceland Referendum.

 

 

Sun, 04/10/2011 - 10:37 | 1154800 NumberNone
NumberNone's picture

Icelanders again reject shackling children with debt of banksters fraud...rumor is that carriers are moving away from coast of Lybia and heading north.

http://www.nytimes.com/reuters/2011/04/10/business/business-us-iceland-referendum.html?_r=1&hp 

Sat, 04/09/2011 - 22:42 | 1154303 High Plains Drifter
High Plains Drifter's picture

they always call it defense spending. what does military spending have to do with defense?  they should call it military offense spending. i can tell you one thing. almost nobody cares about this stuff. nobody. they don't want to know either.

Sat, 04/09/2011 - 23:02 | 1154325 bonin006
bonin006's picture

Before 1947 it was the honestly named Department of War

From 1947 to 1949 it was the somewhat less agressive but still more or less honestly named "National Military Establishment".

Honesty went out of style in 1949, and they changed it to the Department of Defense

 

 

 

 

 

 

 

Sun, 04/10/2011 - 03:18 | 1154567 RichardP
RichardP's picture

The National War College in Washington, D.C. still exists.

http://en.wikipedia.org/wiki/National_War_College

Sun, 04/10/2011 - 08:01 | 1154675 jplotinus
jplotinus's picture

The years 1947-49 incorporate an epochal turning point; namely, election night, November, 1948.  Recall that on that night what we now call "mainstream" "corporate" media proclaimed 'DEWEY WINS'.

That is probably the last time a mistake on that order of magnitude was made.  From then on, whoever corporate media declared the winner, was the winner.  Could it be that democracy was still viable at least up through 1948?  Note, I am not here saying there was any vast difference between Truman and Dewey, but I am saying that it appears the 1948 election was decided on the basis of a vote count, rather than a military-industrial-complex fix.

Recall, too, that by January, 1961, we were warned by Eisenhower that the MIC had, by then, done us in.

Sun, 04/10/2011 - 08:05 | 1154677 Urban Redneck
Urban Redneck's picture

The Department of War was able to win Wars.  Consolidation of the Services within the Department of Defense and the Pentagon seems to have rendered the US incapable of winning a War, though capacity for achieving a decisive victory in Battle remains intact.  Another example of winning the battle, losing the war  Group-think is easier when everyone involved is "just down the hall".   

Sun, 04/10/2011 - 11:48 | 1154909 BigJim
BigJim's picture

Piffle. We beat Grenada, didn't we?

Sun, 04/10/2011 - 11:12 | 1154843 Amish Hacker
Amish Hacker's picture

Orwell's 1984 published June 8, 1949. Newspeak is born! Not coincidentally, the Department of War becomes the Dept. of Defense. Here's how the story begins:

"It was a bright cold day in April, and the clocks were striking thirteen..."

Sun, 04/10/2011 - 01:09 | 1154484 Jim in MN
Jim in MN's picture

Doesn't everyone defend their house by leaving rabid dogs in all the neighbors' lawns? 

It really is...well, seems...through myopic and sociopathic glasses....safer.

Especially when all the pit bull chow money is borrowed.  From the neighbors.

Sat, 04/09/2011 - 22:42 | 1154304 reader2010
reader2010's picture

Run the beast to the ground. Let the NWO begin now.

Sun, 04/10/2011 - 07:15 | 1154644 Dejean Splicer
Sat, 04/09/2011 - 22:41 | 1154306 Crisismode
Crisismode's picture

As the $US continues to swirl down the toilet bowl at an ever-increasing rate of speed, we must all now pause and re-examine where we personally are in this ever-unbelievable scenario.

How many of us are simply hedged against the next day's market move, and how many of us are truly hedged against the coming shutdown of normalcy in day-to-day life?

Methinks that many of the commenters here on the forum think that simply having a couple hundred ounces of gold and a few thousand ounces of silver are all that is needed to tide them over the coming events.

Hmmm, I'm thinking they are a tad short-sighted.

I'm a firm believer in honing and practicing those humble daily-living skills now, while there is a chance to do so, and learning the lessons from that exercise. That will be far more rewarding in the future than simply possessing piles of metal coins.

Sat, 04/09/2011 - 22:59 | 1154323 Manthong
Manthong's picture

I believe in a 50/50 allocation of resources for NWO survival (SW500/M82A1).

Sat, 04/09/2011 - 23:01 | 1154326 Incubus
Incubus's picture

Humble?  I'm a person of few "luxuries."  People who know me occasionally joke that I could be a religious ascetic.  My "satisfaction" comes from knowing I have the will to resist the garbage of everyday life—or what passes for 'life' in modern-day western society. 

When a collapse does happen, I'll be able to handle it, because I'm wired that way.  Hedonism was never really my thing, so I won't miss it much.  

Sun, 04/10/2011 - 00:27 | 1154424 Yardfarmer
Yardfarmer's picture

a hundred ounces of Au? a couple thousand of Ag? bwahahahahahahahahahaha!! 

Sun, 04/10/2011 - 02:29 | 1154541 chistletoe
chistletoe's picture

The main drawback in owning a lot of gold and silver

is the same that it has always been.

The ancient Egyptians found out when they met the Romans.

The Mayans and Incas found out when they met the Spanish.

Gold and silver have very strong magnetic properties.  They attract

lead, particularly the highly-accelerated isotopes.

 

But guns, too, have always proved themselves to be useless in the end.

Every time one man is killed, you have made ten permanent enemies.

Inevitably, soner or later, they will come up with a bigger gun than you.

 

Of all the assets a person might invest in and own,

his own good name, his ingenuity, skills and hard work,

and the well-being of his friends and neighbors,

have shown themselves throughout history to be the most valuable and long-lasting.

But that lesson seems to be just as lost on many of the readers here

as it is in the halls of The Capitol, The Executive Office Buildings, nd Eccles ...

 

we are in for a cleansing of historic proportions,

and most of the people who believe they will be spared,

won't be.

Sun, 04/10/2011 - 02:45 | 1154547 Mr Anderson
Mr Anderson's picture

+1

Sun, 04/10/2011 - 02:45 | 1154551 European American
European American's picture

Oddly enough, I'm actually looking forward to the "Phase Transition". It's long over due and time to settle things once and for all. Once the dust clears, I suspect, life will resort to nourishing itself in a simpler, softer kind of way. But before we reach Absolute Zero, the Entropy will literally shake us at our core. What a show it will be.

I often look at the various designs on my gold and silver coins and wonder what those forms will look like in a 100 years.

Sun, 04/10/2011 - 05:40 | 1154611 rich_wicks
rich_wicks's picture

If you're a Jain, you might have to drop some of your beliefs to simply survive in the next few years.

Mon, 04/11/2011 - 04:56 | 1156989 Lord Koos
Lord Koos's picture

Maybe not -- Jains have been around for about 2600 years.

 

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