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The Latest Government Trust Fund To Go Bankrupt
Submitted by Sovereign Man
The Latest Government Trust Fund To Go Bankrupt
On June 6, 1932, President Herbert Hoover imposed the first ever national gasoline tax in the United States, initially set at 1 cent per gallon.
It was a major success for the federal government; the tax on gasoline alone was responsible for over 15% of their 1933 tax revenue.
What’s curious is that the Senate Finance Committee issued a report the following year stating that the federal gasoline tax should be repealed. But that never happened.
Instead it went up.
Under President Eisenhower, the tax increased to 3 cents per gallon. Under Reagan, 9 cents.
It’s risen steadily through the years to a level of 18.4 cents for every gallon of unleaded fuel, and 24.4 cents per gallon of diesel.
All of this tax revenue is –supposed– to go to the Federal Highway Trust Fund, something established back in the 1950s to finance the care and maintenance of the nation’s highways.
And now it, too, is insolvent.
Earlier this week I told you about Social Security’s Disability Insurance Trust Fund (DI), which will become insolvent in a matter of months.
The DI problem (just like the rest of Social Security) has been a long time coming.
But rather than form some meaningful solution, Congress has instead opted to commit financial fraud by commingling DI monies together with the other Social Security funds.
Now comes the Highway Trust Fund.
The difference between DI and the Highway Trust fund is that this one won’t be insolvent in a matter of years or months. Their own data shows that it may very well be toast… today.
Once again- Congress to the rescue.
Having waited until almost quite literally the last minute, their solution is to… wait for it… kick the can down the road.
Congress has now passed a 90-day stay of execution for the Highway Trust Fund, which only delays the inevitable.
Over the next three months they’ll sit down to the task of figuring out who to steal from.
They’re either going to raise taxes on you.
Or they’ll raise taxes on someone else, the costs of which will ultimately be passed on to you.
Or they’ll simply default on their obligations to the residents of the United States to maintain the federal highway system.
None of this should come as a surprise. This is what happens when nations go bankrupt: one by one, its major institutions fall into insolvency.
Today it’s the Highway Fund. Tomorrow it’ll be the Pension Benefit Guarantee Corporation (we’ll talk about that one soon) and the United States Postal Service.
Then it’ll be Social Security and Medicare. Then the Federal Reserve. And eventually it’ll be the United States government itself.
The signs are everywhere– every single one of these hallowed institutions is flat broke.
It’s no longer some wild assertion to say that. Their own financial statements show that they’re insolvent. And it’s not hard to figure out what happens down the road.
Bankrupt governments invariably resort to plundering the wealth of their citizens. Inflation. Higher taxes. Confiscation of assets. Indebting unborn generations. And defaulting on the benefits promises they made to voters.
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The government has no money. Whatever they get is taken from the people by taxation, printing and debt.
It is our people who have money (EDIT: the banksters do have LOTS of money), though our people not very much.
Do not depend on the government.
privatize the interstates
hugs,
the national association of tollroad operators
and EZpass
The pisser is, it's not as if the interstate highway system has to be constructed from scratch . . .that's already been done.
Privatization makes perfect sense.
I hate to criticize Simon, because he at least writes about the real problems, but once more, for the record.
1 There never was a trust fund, only fraudulent accounting entries. The money was spent long ago.
2 The problem is that the cash flow is going sharply negative. That will get worse, fast.
3 The real federal debt is well north of 200 Trillion. It is quite impossible to calculate accurately at this point, although some brave souls are trying.
http://www.thetruckersreport.com/foreign-company-now-owns-six-major-us-t...
First foreign-owned toll road in Texas downgraded to junk bond statushttp://blog.mysanantonio.com/terrihall/2013/10/first-foreign-owned-toll-...
Tax is a farse, there is no need for any tax, simply print money to fund economic activity.
meh.
goy problems.
goldman sachs and israel are fine.
This place is one mouse click away from default, trust me.
Exactly, taxes have never been as much about raising revenue as they are in punishing and controlling the citizens. It's called wealth redistribution - a companion piece to the bankers' 1913 Federal Reserve Act.
The IRS scandals combined with dictatorial "taxing" authority given to IRS by the SCOTUS in Obamacare are showing producers who pay America’s taxes that the legions of Obama voters, food stampers etc., are on the receiving end of steadily climbing taxes.
The government needs the taxes, some argue, just to marshal discipline on the sheeple, keeping them barefoot and down on the farm while consistently letting them taste the whip of Leviathan.
But the taxes aren’t really needed when monetizing is an option.
It is a sobering thought that the government and TBTFs can operate, even at current level, without levying any taxes whatever, except for the fact that they want a redistribution of income and to keep alive Americans’ faith in the currency. As G. Edward Griffin said in 1994, “All it (the government) has to do is create the required money through the Federal Reserve System by monetizing its own bonds. In fact, most of the money it now spends is obtained that way.”
Griffin, in The Creature From Jekyll Island, wrote: “If the idea of eliminating the IRS sounds like good news, remember that the inflation that results from monetizing the debt is just as much a tax as any other, but, because it is hidden and so few Americans understand how it works, it is more politically popular than a tax that is out in the open.
“Inflation can be likened to a game of Monopoly in which the game’s banker has no limit to the amount of money he can distribute. With each throw of the dice he reaches under the table and brings up another stack of those paper tokens which all the players must use as money. If the banker is also one of the players –and in our real world that is exactly the case –obviously he is going to end up owning all the property. But, in the meantime, the increasing flood of money swirls out from the banker and engulfs the players. As the quantity of money becomes greater, the relative worth of each token becomes less, and the prices bid for the properties goes up. The game is called ‘monopoly’ for a reason. In the end, one person holds all the property and everyone else is bankrupt…”
Taxation compells folks to handle the state-printed fiat. You can not pay your taxes in alternate currencies.
Without taxation, folks would trade in alternate/non-inflationary currencies and the printing press would be impotent. Good money will chase fiat/bad money out. From the perspective of the statesmen and their cronies, printed money without taxation would be worthless because in the long run, it would not circulate.
This is the FUCKING STUPIDEST THING I HAVE EVER HEARD!!!!!!
Yes... I am shouting. Privitization makes perfect sense, really?
You can't fix stupid.
Safely is a master at quiet, understated sarcasm, delivered with tender loving, almost sincerity.
Just read his posts and listen to the music. You'll see;)
(consider the source of the recommendation).
ZEN...remember this is simon says. simon says buy swamp land in bolivia. buy beach front property in the indian ocean and collect aircraft parts. sell parts and buy gold and store it in zimbabwe....safety deposit boxes are real cheap there. borrow against your gold and buy more swamp land....this time in argentina. sell beach front property and buy gold and store in ukraine....do not store in safety deposit box....they are not very safe here. however twenty miles outside of a little village in west ukraine is a broken down king tiger tank....bury it under the tank. send what ever i demand to "buried stash" and i will tell you the name of the little village.........
SafelyGraze
+ $$$$$$$$$$$
I should have mentioned corrupt crony capitalists...
You remind me of an old ZH poster. Is this a new handle?
Shhh! ;-)
Miffed;-)
The state of NC is adding toll lanes to I-77 north of Charlotte. You would not believe the number of gimme-pigs who are screaming about it. They've been trained to think everyone else should pay for their roads.
http://www.wsoctv.com/list/news/local/toll-roads-possible-i-77/mJNh/
California's roads and highways are in abysmal shape yet California has the highest gas taxes in the country at 60.75 cents a gallon. Of course Gov. Moonbeam and his communist Democrats in that one party state want to raise gas taxes higher with the empty promise that the tax money will be used to improve the roads.
As of January 1, Californians now also pay a global warming "fee" (aka tax) on top of the gas taxes as part of the the Democrat's Cap and Trade program. The global warming tax adds about 10 cents a gallon to wholesale gas prices and 12 cents to diesel prices. But with gas prices down about one dollar from last year, few residents have noticed the global warming fee being added to their gas bills.
Californians now pay a whopping 77 cents per gallon extra on gasoline due to fees and taxes.
http://dailycaller.com/2015/01/07/ca-imposes-a-global-warming-tax-for-fu...
Big corporations don’t privatize, they monopolize. How did it work when the currency was privatized? Often "privatized" means government-backed monopoly. Until the government fulfills its duty to oppose monopoly and refrain from fascism, we don't have a workable government. Here’s how Mother Jones explained it in January, 2007.
Goldman Sachs' Road to Riches | 2007
Like a real estate agent representing both buyer and seller, Goldman Sachs simultaneously urges governments to privatize highways, advises them as they structure the deals, and buys a piece of the action.
Number of city and state governments that have hired Goldman Sachs to advise them on privatizing highways: 4
Amount that Goldman Sachs clients recently put into a fund that invests in infrastructure such as highways: $3 billion
Amount that Goldman Sachs gave to a PAC established by its lobbying firm, Hillco Partners, to push a 2001 Texas ballot measure allowing privately operated roads: $10,000
Minimum amount Goldman Sachs paid Hillco lobbyist J. McCartt, a former aide to Texas governor Rick Perry, between 2002 and 2005: $95,000
Difference between the amount Goldman Sachs offered for Houston's 83 miles of toll roads in 2005 and what a subsequent study found they were really worth: 86 percent …
Number of Goldman Sachs funds that invested in Australian toll road operator MIG while the bank was advising Indiana on its privatization deal with MIG: 3
Amount it would cost to drive through NYC's Holland Tunnel if a MIG-style toll pricing scheme had been put in place at its inception: $185.
http://www.motherjones.com/politics/2007/01/goldman-sachs-road-riches
Make your check payable to Sum Ting Wong and Ho Lee Fuk.
When Henry Paulson became Secretary of Treasury in 2006, he immediately disposed of his shares in Goldman Sachs, where he had been CEO . Thanks to a law passed in 1989, Paulson paid no taxes on the $500 million in stock he sold, primarily Goldman Sachs stock. The 1989 law was (cough, cough) supposed to enable to Wall Street experts and the like to avoid conflicts of interest when they accepted top Federal government positions. Paulson just had to put his sale proceeds into government securities to save $100 million in income taxes. Then Paulson, supposedly now free of conflicts of interest, used $800 billion of TARP funds to bail out Wall Street instead of the intended home owners, stuck with underwater mortgages. Paulson also pushed for the $180 billion loan to AIG, which used billions of that money to pay off Goldman Sachs on AIG CDS derivatives it had, 100 cents on the dollar. Paulson also decided to let Lehman Bros. collapse, which was Goldman Sachs primary competitor on Wall Street. By allowing the U.S. housing market to crash, he helped John Paulson's hedge fund make over $10 billion, since that Paulson had bet his fortune that mortgage backed securities would crater. Of course, the lamestream press accepts Henry Paulson's claim that John Paulson is not his second cousin and that John Paulson never made a midnight deal with Henry Paulson.
The amounts involved in the Highway Trust Fund are peanuts compared to the hundreds of billions of dollars shoveled to Wall Street and money center banks by our corrupt and lying political leaders, many of whom also work for the drug cartels. All that money to insiders, almost 2 trillion dollars, is now owed by all of us unless we leave the country for good.
Excellent post. I'm surprised Barry didn't award Hanky with a Medal of Freedom for his bravery in dealing with the financial mess ... caused by his own institution and their ilk.
People would rather be outraged by Cecil the lion then by being big-time butt-holed by Hank and his buddies.
Clueless. I see no change ahead, only more difficulty for the Everyday Merikan.
Agree with most, but Hank Paulson didn't allow the housing market to crash, it was going to crash because there was a complete detachment from underlying fundamentals. He just bailed out the housing market casino players on Wall Street. John Paulson stacked "the deck" of MBS to ensure that the ones he was betting against were the worst performing, while Goldman sold the other side as quality investments. All this fraud and no one went to jail and most still have their same jobs. Sickening.
Jericho, brother of Cecil the lion, was killed by hunter on Saturday, Zimbabwe Conservation Task Force's chairman confirmed to USA TODAY
http://www.msn.com/en-us/news/world/jericho-cecil-the-lions-brother-kill...
I bet that lion was unarmed and the hunter white.
#lionlivesmatter
Better go back to HuffPo.
#dentistlivesmater
If Obama had a lion, he'd probably look like Cecil...
Blankenstein ... jail is for the little peeples.
There are plenty of Zimbabwe dollars available now that they've been exchanged $17 quadrillion to US$5. Contact one R Mugabe for more information.
Leftists: MSNBC's Ed Schultz canned for speaking out against Obamatrade
http://tinyurl.com/qyq6z5f
Fukn corrupt incompetent crook elected ruling political elite imbecile miedras.... String the lot of em up & set em on fire...
The public trust of .gov is about flat broke right now too.
"I guess the projects weren't as 'shovel-ready' as we expected."
With all the shit spoken in DC, you'd think they'd have plenty of shovel ready piles.
sure, they're shovel-ready...but the spades are breaking ground for a grave -- a continental tomb, as it were.
Whoa, there were plenty of shovel-ready projects with funding already in place, but unfortunately most of them were in Year 5 or 6 of an eternal environmental impact study.
Call the ink department and the paper department and wake that fat pig yellen up.
MOAR PRINTING FIXES EVERYTHING!!!
Bullish for ink.
Steal the pensions and put all the monies in USTs. Everything will be fine.
Oh, and then print moar!
:)
Somebody has to get that toxic crap off the FedRes balance sheet.
Don't you love it when a plan comes together ?
Abolish all forms of taxation; furlough all public sector employees; privatize all governmental institutions and assets to the highest bidder;
use those proceeds as rebates to those who have paid taxes over the years, then let the chips fall were they may.
That's a damn fine list of things that should but will never happen. ;-)
Fahque Imuhnutjahb Abolish all forms of taxation; furlough all public sector employees; privatize all governmental institutions and assets to the highest bidder;
use those proceeds as rebates to those who have paid taxes over the years, then let the chips fall were they may.
----------------------------
Skateboarder That's a damn fine list of things that should but will never happen. ;-)
---------------------------
Just to play devil's advocate, I am curious if you would still feel the same way if some of those institutions went to a bidder such as George Soros or the Koch brothers? Or how about Rupert Murdoch or Warren Buffet?
Many laugh at Russia but, that's exactly what they did when the oil prices reduced government revenue. Putin had thousands layed off.
As for privatizing government institutions, Other than it being fascist,,, I haven't seen a real success story. Amtrack? USPS?
You don't need highways when using your brand new Jetsons flying car manufactured by:
a. Apple
b. Google
c. Elon Musk
d. Fiat
Now for the low price of a $10M ultra-generational mortgage only. Get yours today!
Good. Let all the ponzi schemes go to zero.
bu ... what the? ... the economy was recovering ... 'n everything ...
Disability is one of the great scandals in America. It has become the new welfare for dead beats. All of us know the type, the 30 year old guy whose only goal in the work force is to gain a disability. My local post office which employees 4 mailmen, has had 3 mailmen go on diability in less than 5 years. From what I hear, these guys are ex military, the only reason they applied with the Post Office is how easy a disability is to get. Mind you, this is a small town, I know these people on a personal level.
I use this just as example. All across the blue collar work force, disability is The sought after job! Just look at the numbers, they tell a story of mass fraud.
Jack, if you go to any union website, the most prominent adverts are for disability lawyers.
"GETTING HASSELLED OVER YOUR DISABILITY CLAIM? WE WILL GET YOU THE BENEFITS YOU DESERVE!"
See the same thing in my area. Without looking for such people, I know several "disabled" fellows who are working construction jobs, off the books, of course. Shouldn't there be a "hotline" and rewards system for this fraud?
Here is the chart porn on Jack's statement:
http://www.washingtonpost.com/business/economy/more-workers-on-disabilit...
Huge scam, but I find it hard to blame the smucks that are just trying to get by - Paulson is the biggest scam of all, and that fucker ain't in jail.
Free Corozine!
physical disability or mental?
Everyone i know recently who received disability got it by claiming they were bipolar
Si! "Bipolar Disorder" is a Very Popular Category of "Disability". It's "Victims" do not have to Worry about being Busted doing Strenuous Activities with a "Disabling Back Injury".
All they need do is learn to Define their Disability on Occasion.
Thanks for the heads up, man.
I'm feeling better already.
Er, um, did I say better?
Actually worse. I'm feeling a lot worse. Much, much worse.
No, actually feeling bad makes me feel good. Or at least a little better.
How am I doing so far?
We see fraud on this gravy train all the time. I stopped giving a fuck when I realized they are going to just help accelerate the goobers into insolvency faster, then they can eat grass clippings.
Just denied a tenant on disibility. Not enough documentable income. He's a 22yo Bosnian, "disabled", runs a scrapping biz off the books, and had WADS of cash he wanted to throw at me. We declined due to documentable income, and the punchline was the fact that he was out on bail for assault...
See it all the time.
Mass fraud, Jack Burton, yes, but also mass desperation. Note how the big jump in disability claims occured when the already-extended-to-99-weeks unemployment checks finally ran out.
And once you're on disability, you can keep it going forever if you play your cards right, and it's not taxable.
What these sluggards don’t realize is that their ideal of a socialist paradise has no place for them.
In such a paradise, they either work in the salt mines or it’s off to Siberia… or northern provinces of Canada or Alaska.
Our problem, of course, is how do we survive this crumbling catastrophe?
We can’t… unless we combine with others of like mind; otherwise all we have to look forward to is a mission of suicide, at best.
Government is the only entity that can steal wealth from you more than once.
Liberty is a demand. Tyranny is submission..
Government is unlimited theft and violence.
"Government is the only entity that can steal wealth from you more than once."
Truth.
canary in the coalmine
Wow. I guess the 6 TRILLION that was pissed away on Afghanistan and Iraq might've been better spent on U.S. infrastructure...
Its was spent on infrastructure, destroying other peoples.
Karma is a bitch. The karmic retribution for the wars of aggression has only begun.
If we hadn't given away our production I could agree with you.
6 trillion less in debt would have been nice.
and thats only the money we KNOW about: Black budgets, off the books "lost" money
Game over.
This is good news.
The greater the fall, the stronger the change.
I think it was Bender and Bender that lobbied to allow"legal assistants" pursue disability claims on behalf of clients, instead of expensive lawyers. It must have made sense to the average shithead in congress: poor disabled postal worker who can't "access" the disability benefits he deserves, because he can't afford a lawyer!
I think Bender and Bender is now bankrupt, so maybe the tide is turning. Or, Bender and Bender saw the govt fund running out of money and simply threw in the towel.
Always hated that bald guy who wore a stupid hat to hide the fact
Got trillions to kill people in wars of aggresson,, though.
The down vote is from the one brain cell amoeba
Yes, because the CONgress doesn't answer to the people. It's too small.
The entire Western World went bankrupt before TARP was instituted. QE Infinity added to the total owed, but it failed to provide the needed stimulus, and now the chickens have come home to roost on a wing, and a prayer. Frankly, the establishment will regret not letting Wall Street stew in their own juices and go directly into Chapter 11 back in 2008. The last seven years has been spent digging a hole so big that no government can extracate themselves from it now.
NOTE: American _EXCEPTIONALISM_ at it's finest in the 200 year history of Ponzi Casino Capitalist buffoonery. Way to go, Mr. Paulson, and Geithner, you forestalled that which is inevitable, you pathetic retards.
Awesome!
If you believe the Govt. will let it go bankrupt and stop payments, I have a bridge to sell you that leads to some prime real estate in Florida which is discounted for quick sale.
Did the author think for a second about the immediate consequenses of stopping payments?
1) The reciepients would immediately take to the streets and loot or riot.
2) there are far too many immigrants, both legal and illegal who would begin looting if the stopped.
3) They will continue making payments as a band-aid fix until the system completely falls apart. The SSI-SSD as detailed in other ZH articles indicate that the beginning of the month effect is keeping the economy going at a snails pace. Take away that last bit of "juice" and things would fall apart much faster.
If SSI-SSD stopped, it would be the final sign that the economy is done and open fighting in the streets is weeks away.
SSI-SSD is the modern day equivelant of Bread and Circuses. The government will do anything to keep the peasants placated and from running rampant.
FEAR PORN!!!! Now go buy another box of bullets.
Buttered popcorn for everyone!
Oh, "Simon" you are so naive.
There is no amount of money Americans would not gladly spend for their precious, precious cars. They would gladly sell their own families just for a few more sunday drives to the mall.
The cost of the so-called infrastructure and industry to support this, let alone the civic, social, psychological, and environmental destruction it has caused, as well as the auto loan, is as nothing compared to the value of being able to drive even one more block.
Make Americans choose between oil, cars, and roads, put it on live PayPerView, and we could pay off the national debt. They will choose the cars.
What else can you spend when you've already used every form of debt, rehypothecation, fraud, currency monolopy, debasement, conduit and Ponzi scheme, taxation, theft, war, the futures of your descendants, and any dignity or honor you ever had all to keep the precious car running for one more day.
Thus, I take the back roads.
Yes, but how? See my comment above.
“Raise taxes… cut government expenses… or more debt.”
They always never mention a rational alternative: an investigation to determine who plundered the trust fund; and then a prosecution to recover such booty.
Of course, we will then have to find a forum of redress not dominated by the plundering class. For that, we have to review the right, or duty, expressed in the Declaration of Rights: ‘when governments become destructive of our rights, we have the right – nay, the duty – to alter or abolish such governments…’ (quote approximate).
The problem is, however, there is hardly an American who is even aware of this right/power.
Why does a government tax anything? They supposedly have the ability to create "money". Yet somehow governments always end up owing money to various entities, and the population of a nation ends up being on the hook for it.
Taxes are simply a way for the ruling class to skim the value of labor from the public.
It reminds you of who your daddy is.
PoasterToaster Why does a government tax anything? They supposedly have the ability to create "money". Yet somehow governments always end up owing money to various entities, and the population of a nation ends up being on the hook for it.
Taxes are simply a way for the ruling class to skim the value of labor from the public.
-------
Just because a government or its CB can create money, it does not create wealth. Big difference. That is why they tax (steal)
Supplemental Security Income (SSI) is the scam that allows over 65 immigrants to retire here never paying a dime into the system:
For Elderly Immigrants, a Retirement Plan in U.S.:
http://www.nytimes.com/1995/04/16/nyregion/for-elderly-immigrants-a-reti...
I'm sure Mexico has a reciprocal plan for the illegal Merikan invasion..... oh,, wait!
"Then the Federal Reserve"
Could we make that first on the list.... pullleze!
Socialism here we come!
Here's how the Transportation Trust Fund scam works at the State level:
1) The State Transportation Fund is in trouble. The roads and bridges are in a dangerous state of disrepair, and no new state highway projects can be undertaken no mater how worthy. There's just not enough money to keep up.
2) A bipartisan "blue ribbon panel" coalition of politicians recommends dramatically raising fuel taxes and vehicle registration fees to meet the funding needs. It's presented to the voting public in a referendum. After much debate, the referendum passes because the voters feel that the need is there, and the best way to meet it is to tax the people who use the roads via fuel & registration taxes. The State Transportation Fund is now solvent, and much-needed repairs and upgrades can begin.
3) The bi-annual State budget rolls around, and it's discovered that there's a $1B "shortfall". Great Googly Moogly! What to do? By State law you can't borrow (issue bonds) to fund ongoing expenses. But you CAN issue bonds for long-term capital improvements that will be of benefit for 30 years or more. The Governor and legislature raid the Transportation Trust Fund to meet the current budget shortfall, and replace the road & bridge funding by issuing revenue bonds backed by future fuel tax and vehicle registration fees.
4) Repeat this process every budget cycle for a decade. Eventually most of the revenue from the fuel tax and registration fees is eaten up paying the interest and redemption on revenue bonds issued long ago. Go back to step#1.
Shut down EBT, Medicaid-Medicare, SSI, SSDI, etc., and the whole system collapses. You can’t go back to Step 1 forever. The reason is America’s retail business is heavily financed through welfare payments and that includes gasoline. “Our welfare system coupled with multiculturalism is our Achilles heel (MrPalladium).”
Case in Point: “The spike in business beginning on the 3rd of each month is truly astounding. By the 10th of the month the business begins to normalize and by the 22nd the ship is sinking….” – Michael Snyder
Yet the size of the middle-class has fallen from 50.5% in 1970 to 42.2% in 2010 (Source CEA calculations Comcast Population Survey).
This is not a system that works, a system where people who do not have EBT and Cash cards will continue to support to their own disadvantage. More and more people every day are discovering that the worth of their labor is being transferred to someone else.
The welfare/food stamp system is so out of control that it is not an economy that is here to stay but soon will be dying of its own weight - as the parasites take over the host.
And on the pedestal these words appear --
"My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away. -- Shelley
How to Get Your CASH Benefits at Low or NO Cost! | Department of Human Assistance, Sacramento County, CA
Your cash EBT can be used:
DON'T PAY EXTRA FEES, CHARGES, AND SURCHARGES. YOU CAN AVOID PAYING IF YOU KNOW HOW!
How to get your cash benefits:
http://www.dha.saccounty.net/benefits/Pages/EBTCashBenefits.aspx
They're just going to create money out of thin air, by borrowing money that doesn't exist from the Fed, and then never pay it back. Problem averted.
"Real economic growth won't return until confidence in the entire system is restored. And that is impossible as long as it depends on the politicians not spending too much money and the Federal Reserve limiting its propensity to inflate our way to prosperity. Only sound money and limited government can do that." --Ron Paul
The U.S. Government is bust from its war spending.It cannot pay for over an estimated $200 Trillion in entitlements going forward.Since the great financial crisis of 2008 every person in the western world has got to come to grips and face reality.All their governments are insolvent.The definition is easy to understand.Western governments have not been able to get their spending under control.They've try to undermine or dilute their currencies and lowering the standard of living of their taxpayers in order to keep up their mirage.They can't print their way out of it (QE).It won't work because the U.S. and all western countries have severe structural along with demographic problems that aren't being resolved,just postponed.Don't be fooled by money printingthat has put the United States and others on a life support system.The current rise in the U.S. Dollar is a mirage or smokescreen for the Central Bankers (the Fed).The current experiment which has been ongoing since 1971 is not only going bust but is bust.The propaganda today from the media,politicians and the Fed is indeed pitiful at best.
An interesting presentation but it just barely touches upon the great sign of the end state.
There is one more trust fund that has not yet been raided.
The gigantic pile of 401k cash.
So long as that remains untouched, the end is not yet upon us.
But the government will not leave it alone when the choice is between their retirement checks and yours.
Get ready for more.
Damn..they are never going to fix that pothole on the freeway entrance I use to go to work..what's a poor man going to do...I know..build a drone large enough to transport me to work and back.. I am going to be a "freebird"..
What are my neighbors who wear neckbraces while riding their motorcycles on unpaved roads to the bars going to do when their disability checks don't come in? Work? Afterall, they all have debilitating neck and back injuries. Golly gee whiz.
Get ready for a barrage of talk from Washington about how new infrastructure spending is going to boost the economy and drive growth. As usual the politicians in search of easy answers often dust off an old idea polish it up and act as is they have a new magic formula. While most people and economist agree infrastructure is important I contend that the old 80-20 rule applies to this vital part of our lives more than they might want to admit.
If you think this kind of mindless infrastructure spending will help America, it might be because the media, many politicians, and the businesses that benefit from it are constantly telling you of its virtues. A "Truth Off" would show that infrastructure is not even close to being a silver bullet. More on this subject that will be touted as the new great solution in the article below.
http://brucewilds.blogspot.com/2014/11/politicians-to-hail-infrastructure.html
When all else fails - tell them China is spending trillions on infrastructure projects and we are falling behind!
Can't let those bastards out borrow and spend us - double down on more debt before it is too late!