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US Posts Biggest March Budget Deficit In History, Or How The ???? Chart Became The ????+? Chart
Following the all time record high February budget deficit of $232 billion, the US March budget deficit number is in, and in addition to being bigger than expected, coming at $198.2 billion on expectations of "only" $196 billion, the government outlay in the past month also is the largest March deficit on record. This brings the total deficit in fiscal 2012 to $779 billion, which is to be expected for a country gripped in total political chaos and which is unable to either raise revenues or lower spending. What is more disturbing is that over the same period (Oct 1 2011 - March 31, 2012), the US government issued $792 billion in debt, a trend that will continue. What is most disturbing is that the comparable tax revenues net of refunds, "matching" this increase in deficit and spending, are only $693 billion, in other words the US government is funding well more than half of its cash needs with debt rather than with tax revenue. Just like Japan.
The chart below speaks for itself...
as does the longer term chart.
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Drinks for everyone.. just put it on my tab!
Look at the left axis of that lower fred chart. You will notice a higher frequency of recessions. This time is not different.
Look at the FRED chart and identify the minute blip that was WWII.
Someone should can the ZIRPetrator-in-Chief.
So much for the First Rule of Holes.
These fuckers just keep borrowing bigger shovels.
Don't worry, O still has 6 months to cut deficit in half as he promised a couple of years ago. He must have a big pile of gold that he hide somewhere and he is ready to sell those.
So... what you're saying is... they're going to redefine deficit. Or spending. Or both.
Looks like this 'started' around 1973ish... Wonder what happened then???????????????????????????????????????????????????????
started with a few casual joints.........now we are running on 100% pure hopium
The Nixon Shock was a series of economic measures taken by U.S. President Richard Nixon in 1971 including unilaterally cancelling the direct convertibility of the United States dollar to gold that essentially ended the existing Bretton Woods system of international financial exchange. wikipedia
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRIMUS2&f=A
"Spend" has already been changed to "Invest", such as, "I invested all your money in green energy, infrastructure, education, etc."
"Deficit" is a little trickier, but I suspect something like "Pre-Revenue" will get the nod.
"This year's budget includes investments in necessary, common sense projects, and is fully funded by applying our vast stores of pre-revenue."
NotApplicable
Since the debt will never be fully repaid (by "worth less" fiat currency) , the word "borrowing" is not applicable.
Instead, more accurately, over half US Gov't spending is based on Ponzi fraud and the petrodollar extortion racket.
If the amount of debt is relative to the amount of people killed then we are in for a doosy.
do we have enough dignity to pull a japan and suck up our own woes by monetizing the debt amongst the USA citizens?
or does USA pursue WW3 to maintain its standard of living?
its that simple
I, for one, fully expect the average American consumer to do their part and use their savings to buy US treasuries, as that is the patriotic thing to do during a time of crisis.
What's that, they don't have savings? Oh ...
Um, didn't WWII LOWER the standard of living? Weren't there shortages, rationing, etc?
So that explains today's early action meltup!
RHT jumped 10 bucks (20%) a couple of days back. In fact while MSFT and ORCL are less than 30% above their 1 Yr low, AAPL and RHT have almost doubled from their lows.
hmmmm .... whats going on in the BCP world ....
My recommendation for immediate economic stimulation would be to repeal the income tax. Since the FED can print anything, and there are no inflationary effects (so the Keynesian's tell us), why do we need the tax, anyways? Let's just threaten the rest of the world, and they will pay us to get lost.
Not gonna happen. Taxes are in the fascist's toolset.
How else can you make anyone on the planet a criminal whenever the need so pleases?
It's a control issue, yes. It does raise an interesting question though. Reword: Why tax at all when you can print money at will ?
Subservience. Now get back to work.
Same reason they let us know DHS ordered more ammo than the military.
I don't write much on here but I have to throw my deflated 2 cents worth on here.
You bring about a valid question that nobody in power seems to be asking, at least not publically in an election year. If we can just print our way out and it doesn't cause inflation the why the heck do the 51% of the people who do pay taxes have to do so. Aren't we entiltled to enjy some of this printed non-inflationary money also?
I just sent in my non-inflated tax payment so why don't they just send it back. I have to work and produce something to get a fiat dollar and they just have to ink the machine and print theirs. Where is the justice in that?
Oh yeah, and the ECB money swaps, lol..what a joke...here Benny..take my freshly printed uninflated euros and trade it to me for your freshly printed uninflated dollars...nobody will be the wiser and we can keep this charade going.
I ain't a money guy.no degree in finance..no banker background...I am just a working stiff who is trying to hold on to his middle class status which is quickly slipping away. Guess its ok for us middle class working stiffs to sell what assets we do have left so the banking cartel and the elites can enjoy their riches.
I got news for you Obama...your puppets can spew all the garbage they want about no inflation and crap but we ain't stupid..we live in the real world and see and feel it first hand...of course you don't see any inflation you idiot..you live in the Whitehouse where you don't have any bills to pay and Benny just prints what you need to have your multiple vacations to exotic places...
This will blow up...not if...not maybe...it will..printing to 100% of GDP and beyond is a guaranteed implosion....and only way out is hyper inflation on the backs of the working people...just disgusting.
Ok...I am off my soap box and back to trying to keep my life together...
They have to make people pay taxes so that people who are productive use Dollars.
If you didn't have to pay taxes in Dollars, you wouldn't need to use dollars, you would be free to use something else, like silver, gold, bitcoins, or whatever you wanted.
If people didn't use dollars, there would be no demand for them, so they would be worthless.
It lands you in jail to not pay income tax. So I do.
But at least I can deny them sales tax revenues - which in Ontario is 13% on anything but groceries. Yes, you read right - 13%!!
So I try to barter, buy it used, or buy "cash under the table."
F 'em. There are ways.... And it only helps us prepare for the inevitable fall to have such networks in place.
I live in Arizona and when I did my state taxes they had a new question requiring an answer. It asked if you purchased anything out of state online or by other means that you did not pay Arizona state sales tax on. Then it goes on further to say that it is called a USE TAX and not a SALES TAX and they want you to put the total dollar amount down so they can assess this tax against you. The other choice you could answer was you made no purchases out of state during the tax year. Guess what I answered...
The various States are getting so desparate for money they are looking for every possible penny they can get you to pay and coming up with all kinds of schemes. Guess next they wil come up with a toilet flush use tax and I will have to account for all the flushes I had in my home during the year.
March Madness
The correct argument for repealing the income tax on natural persons is that the 13th Amendment outlaws involuntary servitude... which is what income taxes on natural persons is. Your labor benefits a third party (the master) before it benefits yourself (the slave).
Logically you would think that since interest rates are almost zero %, and income taxes are not even making a dent in our annual deficits, that we should just print all the money we need. But, income taxes are a critical part of the control system. They cannot repeal them because slavery is not just an economic condition, it is a psychological condition. They NEED you to work for them; it breaks your spirit and helps them play the mind games necessary to dominate you. If your labor benefited only yourself, then all of a sudden you might start thinking for yourself as well.
You have to learn how to think like these sick, malevolent bastards. Only then can you hope to defeat them.
About sums it up BB. Bravo!
As an aside, we are looking for a short stop for our new FEMA team, whatcha say?
pods
Interesting. Then that would apply to Child Support (a conjured "debt" where none exists) as well. Yes you have a duty to support the child, but HOW is up to you...not the Government.
The correct argument for repealing the income tax on natural persons is that the 13th Amendment outlaws involuntary servitude... which is what income taxes on natural persons is. Your labor benefits a third party (the master) before it benefits yourself (the slave).
Exactly. Now grok this: You can go to prison if you don't pay court ordered child support.
Wouldn't that be debtor's prison, something I thought the USofA got rid of a couple of centuries ago?
It certainly is a debtor's prison - and we have it in Canada, too! Oh, and if you think your kids are your own to raise as you like, you haven't seen what the CAS *really* does to families. Ask an aboriginal person someday if you're curious.
Technically, they call it "Contempt of Court" for refusal to obey court orders. It just end runs the real issue.
What people have to realize is the Government has no power to force you into a public custody agreement where Judges grab control and put people into their "system" - so the Judges, Social Workers and Court parasites have work, the lawyers get to charge huge fees, and you get put into legalized slavery for years if not decades. No Family Law attorney will easily admit it, but a private agreement between the parties, keeping things forever out of court is possible (a phrase like "this agreement cannot be changed or altered by any court" - see a competant lawyer). Every "rule", "law", "ruling", etc will try to tell people differently - but I am telling you the truth. You can remove those parasites as long as both parties are willing.
What CAS or your local Social Workers do to families is filled with evil. They work for the sytem, not the children. Enough said.
Spot on.
Pretty sure they abolished the 13th amendment when they enabled the government to "employ without compensation" people with "extrordinary skills and experience"
National Defense Resource Preparedness sec. 502 although it doesn't specifically mention if the persons to be employed must be voluntary or not, so until it happens, can't be certain.
http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness
You are correct in your reasoning. However, the way the IRS rationalizes it is they claim the tax is an "indirect tax" on your income, not a "direct tax" on you. Therefore you aren't a slave. Isn't that nice? Black = White. Constitutionally, direct taxes have to be apportioned by the census and indirect taxes have to be uniform.
Bottom line is the entire system is obviously so corrupt at this point that they can do whatever they want and justify it with doublespeak. And there are no consequences for their malevolent actions. Helluva gig if you can get it.
Gosh I sure hope another Tea Party comes along. Then we'll be borrowing 100%. Personally I'm surprised anyone gives a shit anymore. I don't.
It would be better if they just dissolved the IRS and abandoned all taxation in lieu of printing to pay for the goobermint.
It would bring a quicker conclusion to this Potemkin recovery.
If they did that then they would do away with the illusion that the system is legit.
Don't be a dick. The Tea Party is first and foremost about slashing government spending-- not just slashing taxes.
That insane fucker Obama is all about spending, that's where his votes come from.
You're saying, in this post and your prior ones, that human labor is being confiscated by the state (I think we'd both agree it's really the fractional reserve banking racketeering syndicate that's getting the state to effectuate the theft, actually) to benefit the Crony [anti]Capitalists (aka Club Socialists).
I agree.
But let's not make this the Kabuki Theater, false left-right paradigm in terms of politics that the deceivers wish to keep perpetuating, ostensibly suggesting that Americans really have any means of altering their situation at the voting booth, because that's not true, and in fact, both alleged 'different' political parties in the USSA are bought and paid for by the very same people to do the very same bidding of The Money Masters.
Does a single person amongst us really believe that anyone running for the office of the presidency, regardless of political party affiliation or campaign promises, would do anything other than permit the debt of the United States to grow and grow and grow some more?
We don't believe Govt Charts..... it's worse!!
Actually, the daily deficit is up from 5 to 6.4 billion a day. Even if it is on the low side, that's a lot!
With 6,5 billion you can buy a 20.000 man company!! You can create over 600.000 jobs withthis monthly deficit!!!!!!!!!
I want to see the 'WTF!?!' chart. That's probably the only one we need and will believe...
What do you mean I'm out of money? I still have checks left!
No more ink in the BIC....
Why, exactly, are we fighting the longest war in American history in Afghanistan? No rhetoric. No changing the question. I would like one candidate other than Ron Paul to answer this question.
i think 6 month ago some1 estimated around 2-3 trllions $ worth of minerals... would you pass that to china?
LOL, where is it being passed right now? Fucking nowhere. What makes you think it won't pass to India or China Anyway. How about worrying about passing/protecting our own natural resources first? I guarantee it won't cost as much.
The capital mis-allocation and mal-investment continues...
The property of others, including resources in other nations, are not mine to pass.
I believe that the concepts of property, freedom, and liberty are meaningless unless they apply to everyone.
Therefore, I would let the Afghanis (and Iraqis) sell their property to whomever, in exchange for whatever, they choose.
Got empathy?
situational ethics, a huge part of the problem facing the planet. You can rationalize anything if you think you are somehow entitled to more than the next guy... Ok to screw brown people because they are brown people, or muslims, or nomads, or whatever... the locusts don't care, they take whatever they want.
Indeed. Thus far, religion has been shown to be one of the more effective solutions for this problem, although not without its own troubles. Philosophy and science have each failed in their inability to become widely adopted. Technology is not even in the race. The jury is still out on politics, but it is not looking good.
These things do cause one to wonder about God, which is always a good thing.
Religion, Philosophy and Science are all fine. sans central planning...
War continues to be the favorite choice of fascists for securing/stealing economic resources. Shocker!
Humans short on ethics rising to the top of any political system. Shocker!
Precisely. A problem that will only be aggravated by the "social media" generation. It is a lot easier to say degrading lies, fire, or kill someone, via a text message, facebook, or electronically controlled drone. Very different situation when you must confront someone in person. Am I the only one who see the electronic social media internet craze as more counter productive?
If their skin is brown, gun em down, If their skin is white, just wait till night. Go USA!
stop dreaming... one thing is wishifull thinking and another is reality.
I am not saying that your way is not preferable... but is not achievable nor any1 who is in power now are going to move that direction. But hope always die last....
Those that live on hope die first.
Who cares about resources, we've got the mother of all solutions to everything, cntrl-p Bernank!
What was it the Wicked Witch said in the Wizard of Oz while staring into her crystal ball and stroking it?
Oh yeah: "Poppies...poppies..."
opium for the hopium
Winning the war for drugs and losing the war on drugs.
Remember, Afghanistan is the land where empires go to die.
Right ... and if not there, then <ulp> Persia. At least Rome's Crassus and then Julian had the cojones to attend the big show in person, and then to pay the ultimate price for their military mis-calculations.
Because deficits don't matter. Just push the rates to 0% then it doesn't cost anything to service your debt. If things get critical due to massive fraud, just bail out the big and select players. Don't worry. Wage inflation is under control so the serfs will continue to get ground up for the solyent green. /sarc
No seriously, where is the outrage? Why do the serfs just continue to take this?
Why not use NG in your car? Well its compressed and likely to explode if there is a leak. Imagine your car being "red tagged" when there is a leak just like an inspection by the gas company at your home. Yes, the the NG will have to be ordorized and the station where you refill will have to do a pressure check. Any problem and you will be "red tagged" and your car disabled and towed for $2000 of work (just a guess). Thats the reason there is limited new demand for NG while there is a near unlimited supply thru frac drilling. $2/mcf gas may be the high for the coming year.
Doesn't seem to be a problem in Europe.
Take your Pinto and go away.
We are in Afghanistan to keep track of Pakistan. The whole terrorist thing is just BS just like no one knew that Bin Laden was in Pakistan. Pakistan has nukes and we along with the UK are protecting India. No one anywhere cares a thing about Afghanistan except that it is the most easily occupied area in that neighborhood. We will leave when the new aircraft carriers are built and we can park one, full time, out in the Indian Ocean.
What a load of bullshit.
The USSR fought Afganistan for a decade and lost. Then fell apart.
Persian empire at its time, strongest, richest….falls.
Roman Empire at its time, strongest, richest…falls.
Portuguese Empireat its time, strongest, richest….falls.
Spanish Empire at its time, strongest, richest….falls.
Dutch Empire at its time, strongest, richest….falls.
British Empire at its time, strongest, richest….falls.
French Empire at its time, strongest, richest….falls.
German Empire at its time, strongest, richest….falls.
Italian Colonial Empire at its time, strongest, richest….falls.
Russian Empire at its time, strongest, richest….falls.
Soviet Union at its time, strongest, richest….falls.
American empire at its time, strongest, richest….who said it gets a get-out of jail pass?
When was the Soviet Empire the strongest and richest? Huh?
Peter the Great 1696-1725?
Measured in conventional forces, they overpowered NATO about 3:1 by some estimates. They also had about 3x as many nukes as USA. Wealth depends on the measuring stick you use.
A couple of years ago I sat on a flight with a medical professional who served as an Army doctor in Afghanistan. His comments to me were that the problems in Afghanistan are the result of US interference and not letting the Russians finish the job. He said they were pretty much on their way to decimating the Afghanistan population and subjugating them until 'Charlie's War'. Pretty surprising from a doctor.
Keynesian, trickle-down economics. It allows the US to spend billions with defense contractors which, not only pays off well for the elite who run those companies (e.g. Halliburton, KB&R, even Taco Bell and Burger King), but is supposed to be good for GDP. Also, there's this huge surplus of average to not-so-bright young people who would otherwise be unemployed except now they have government jobs and some of them even get killed off (but die as patriotic heroes that can be celebrated). Also, some of these folks are dangerous and having a war for them to particpate in is a natural, safer outlet for those who are prone to violence--they only go all Rambo back in the US in small numbers and those tragedies can be chalked off to PTSD and thus sympathized with. Nobody ever questions any of this. It's all a giant shell game.
"Keynesian, trickle-down economics."
Bullshit, what you've described is Reaganomics.
I knew my Meximelt tasted a little like depleted uranium.
War is business!
Margins for exchanging youth-blood for fraud-money couldn't be higher.
Ya but try explaining that to a young man getting ready to join up and "BE ALL HE CAN BE!" Trust me I've tried to warn many a young man about the scam that is the military. They look at you like you have 3 eyes.
Why, exactly, are we fighting the longest war in American history in Afghanistan?
TOP TEN REASONS FOR CONTINUING THE WAR IN AFGHANISTAN
1) To incite Muslims to do something so the FBI's false flag sting psyop enterprise's hacks can take a well deserved vacation.
2) To story up fears of Islamic reprisals and American paranoia that a Derka Derka bandito is hiding under their children's bed in their cardboard abode in the alley?
3) To story up oil prices - How do you expect KBR to earn a living wage if the 500$/gallon fuel delivery for a daily top off of Marine gas tanks in Afghanistan at a cost of 5 Billion a week (of which 3 Billion is borrowed - when GDP is a concern every counterfeit fiat transaction counts as a sign the recovery is ongoing) is stopped?
4) Welfare for those hard working bullet manufacturers in Israel. Where would they be if they lost revenues from the 100s of thousands small arms rounds required to slay one Derka Derka child is the lands of the sands of Sin Bad.
5) Because Afghani's are anthropologically "Aryan", and they fear the next "Hitler" hides among them
6) So the CIA can toss the money centers some heroin cash laundering services. Remember, when the war started, the Taliban had all but eliminated poppy produuction - now marines deliver the seeds and guard the fields and the Afghanistan enjoys record bomber dope crop high yield harvests.
7) The ghost of Bin has risen (again) and and Afghanistan allows Xe to test a new and very expensive ectoplasmic protonic reversal bombs from the belly of CIA hunter killer drones.
8) So politicians pushing the war can have a chance to win the Nobel Peace Price
9) To assure sufficient smack is being shot into the veins of Americans to justify continuing the War on Drugs
And the top reason for continuing the Afghanistan war is:
10) When the troops come home they might point their guns at the boy lovers cracking poppers in the K-Street Kiddie Brothels that sent them their!
Monsanto
opium seeds...?
Monsanto Fire-resistant Poppies ... better living through chemistry!
It's not a war in the traditional sense. I mean if this is what we consider a war today, what would we call an actual all out conflict?
But it's referenced as one so that liberals came blame the debt on anything but spending at home.
I too, would like someone else besides Paul to answer why we are still there, however.
I am weary of building nations for those that dislike us.
Is it an invasion, or an occupation, in the traditional sense?
Who is the "insurgent" in Afghanistan, the American or the Afghani, in the traditional sense?
What do you think an Afghani would say?
Not much, dead men tell no tales.
Some considered the Soviet 'involvement' in Afghanistan a 'proxy war'. Would the question then be; Who's the American or anti-American proxy in Afghanistan?
As for me, it's no different than the US in Vietnam. We're an occupying 'police force' as they called it. The insurgency is the Taliban because like Bin Laden, they don't want us on their soil.
And the average 'connected' Afghani would say 'Thanks for the Benny Bucks. Don't let the door hit you...'
Ejmoosa, what were repugturds referencing it as when george w took the US to war against Iraq (hmmm, pretty sure none of the 9/11 hijackers were from Iraq)? You are a tool.
Drug money, duh!
It was arrogance first, than hope and now hopioum.
We are in Afghanistan because the Luciferian elite need constant war. War serves their god and serves their system. We need to constantly create soldiers who kill other people in other lands and then come back here to be cops and boss us around.
We need the economic boost of the war machine, and it needs to be fed.
Evil freaking people run this planet--very evil people. Wars are fomented for many reasons, but basically, it's a part of their belief system of how the world should be run. The powers of the state over the people are best symbolized, necessitated, and actualized through war. Just because the wars are fomented doesn't mean that they aren't real: Quite the opposite is true.
War also helps to feed their occultist dialectic (as I call it).
Is the music calling for a river of blood?
http://www.youtube.com/watch?v=7H8nr8J-WF4
It's all good.
Full Faith & Credit.
"I will gladly pay you Tuesday for a hamburger today, bitchez."
I invented the question mark, filed the patent late.
Too bad I didn't invent "Ctrl-P" and patent it.
Should have invented the interrobang.
i do have a patent on the int.arrowBong
it is designed to enable the cells of the user to understand each other better
since we never will pay the debth , why not to load up even more. When the time comes it does not matter to clear 20 trillions or 50
I think that's the plan
Because the economy gets hooked on the debt and government spending and when the US is unable to borrow, it will get crushed that much more. Plus it's not like we're just borrowing it from other countries that we'll never pay back, but the Federal Reserve is buying most of it, which destroys the value of the dollar and last I checked, most Americans hold dollars in their bank account. This enormous debt is causing a huge misallocation of resources and productivity will never boom until the government stops sucking the resources from the world.
lookin good
lookin like change we can believe in!
"lookin like change we can believe in!"
No need to belive, put your hands in to the packet and you will feel the change.... dimes and nikkels.
Everyone knows that the real problem is that there just has not been enough government spending yet...to fill the hole left by the real economy...which is dead.
yes we wouldn't want the Govt spending orgy to stop 'reviving' the economy now would we? ...what would we ever do without those political bills stretching 30 years into the future to repay
The bankers all came from their scummy abodes, to get a jolt from dr. bernankenstein's electrodes. They did the mash...
It was a fascist smash!
...it caught on in a FLASH
Also, if we don't run this big dog & pony show, anyone retired or about to retire is totally fucked.
the party is over for everyone
Apparently thats what the politicians think. This chart should be on the 5'oclock news in every city. What a mess.
Operation Zombie Twist & Quantitative Exorcism
Krugman's two favorite moives.
This shouldn't be a problem.
So we are broke. Anything new?
Yes, some people are still standing (solvent) ...the US Govt will be after their arses over the next 3 years so everybody is flat broke by 2015
2015 is what deadline date?
Clearly the problem is we didn't spend enough. We need a bigger stimulus package. Eleventy trillion sounds about right.
When is it my turn to go to the FED discount window?
when the funny money runs out
Stay in line. soon you will get a wheelbarrow full.
America is definitely number 1.....in debt
The question as to why we are still fighting in Afghan can be easily answered by the pics of US troops guarding the poppy fields. No different than why TPTB (read CIA) will not allow our troops on the southern border, the no man's land in Arizona, and the real reason behind Fast and Furious.
Correct, conflict remains very profitable for the industrial military complex.
The MIC is an economy of its own. Follow the connections of Halliburton, et al, to the government. Quite interesting.
bechtel?
And for the black budget, too (which the opium serves).
The product of those poppies ends up in Iran, which has probably the biggest heroin addiction problem in the world. You think "they" don't know that?
The Russians are also not happy with all the pure horse hitting their streets the past few years ... might explain why the reset button hasn't seemed to work so well.
They're building arks to prepare for Niburu.
Hey they beat expectations.
Must be good.
#btfd.
It has already been bought apparently, isn't convincing though...
Chart 2 needs to be rebased as % of GDP or adjusted for inflation or something. We lose credibility when we sensationalize stuff...
The Fed is not in the business of sensationalizing stuff - link.
Oh wait, you mean government net flows, which should be zero in any non-banana republic, and instead are tens of trillions, should be inflation adjusted?
i liked that chart #2, tyler
it proves we're outa the recession! L0L!!!
It's amazing that Tyler doesn't understand that the government doesn't need "revenue" to operate. We are a "fiat" nation after all.
Quite inaccurate. We have been long saying that the US government should dispense with the anachronism of taxation entirely.
After all the US is certain to print its way to prosperity. Thank you Fiat.
Can't wait. The results will be glorious I'm sure.
people are practically giving green stamps away, right now
soon, we'll be throwing them away Hahaha!
You mean food stamps right? Er, SNAP...
:)))))
Just what the witch doctor Krugman and the rest of the PhD's ordered. Borrow and spend, borrow and spend. Then yell stabeeleetee once in a while and do it all over again.
You must have meant Print, borrow and spend.
Looks like that debt ceiling breach date is rolling forward. Your move Mr. President.
He'll make a self-aggrandizing speech, praise the "working class" (not sure who that is, but it ain't us!), blame a few Red Party members, and yield the remainder of his time to Dancing With The Stars.
Ho hum, another night of television for Mr. and Mrs. America.
The chart shows why the major problem lies with (1) our government and (2) our entitlement culture. It isn't the Federal Reserve that spends $1.00 for every $0.60 of revenue. The Fed has been tasked by both Congress and the Administration to paper over this huge debt. The Greenspan Fed did, of course, greatly encourage the spending binge with too much and too easy credit, but a willful electorate and responsive government could have put the kibosh to those policies. But, a willful electorate and responsive government are oxymorons of the first magnitude in the U.S.
TARP had absolutely nothing to do with "the people," so asserting the populous has anything to do whatsoever with this racket is fruitless.
The electorate has been insulated through incorporation (fascism) from all matters you describe.
Nice try.
Exactly! It makes you wonder if he knows what our true government is. It sure the hell is not We the People. The puppets we see are not our government. They are simply acting on a stage. We are the unwilling audience at best, and we have absolutely no control over the show.
UNITED STATES is a Corporation - There are Two Constitutions - Sovereignty
http://www.youtube.com/watch?v=lVsMUpPgdT0
The Constitution of The United States of America (Corporate Version)
The Constitution For The United States of America (Original Version)
To infinity and beyond....
So slopppyyyy....
Now that is the scariest chart TYLER has ever placed on his site...
that was my thought also
when that first chart appeared ...
economic pole shift...
hole in the fiatsphere..