The federal government’s financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows.
The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.
Does it fill you with rage to see your savings and investments dwindle away as the government prints its “funny money” and doles it out to favored friends with political pull, while at the same time using the tax laws to manipulate people into behavior that they would not choose, left to their own devices?
Have you had enough of the socialistic nationalization of our financial, energy, utility, automotive and medical industries?
I apologize for posting the article below in this way, but as yet the website doesn’t quite have it’s act together, yet has good writings.? There are flaws in it’s linking which make it quite impossible to get a link directly to any certain article.? But this brings to us a very important point which …
Thursday, April 28, 2011 by: J. D. Heyes ? http://www.naturalnews.com/032209_US_dollar_debt.html (NaturalNews.com) To most Americans it’s unthinkable that the U.S. dollar could someday be relegated to second-class status as a currency, but what they may not realize is that the transition is already underway. Reports this week marked the dollar’s continued slide – it reached a …
Continue reading ‘Panic selling of the U.S. dollar now underway as debt system implodes’ »
By Mike Flynn at Breitbart.com Rather than accept a few billion in budget cuts (read rounding error), President Obama has signaled his willingness to shut down the federal government. (Yah!) For those keeping score at home, any government shutdown that happens is on Obama?s plate. He is the President. All on him. The worst part …
Continue reading ‘Obama: I’ll Shut Down Government & Suspend Military Pay’ »
The Federal Reserve has, we?re sure, been the subject of derision even before it was ?authorized? by Congress in the year 1913. ? Congress turned over control of our money, the money supply, the interest rates, and thus America?s entire economy over to a small herd of private bankers called the Federal Reserve. ?That turned …
If ?America is ever to resume Liberty, the Federal Reserve must go. TheFed being Congress’ Partner in Crime, Congress has retained it for 98 long years now, and ignores all calls to End the Fed. TheFed’s only assets are it’s UNSECURED fiat dollar and Treasury Debt expressed in terms of the same fiat dollar. ?Thus …
This is by far the most detailed and well-researched paper on this subject that I have ever seen! This comes entirely from a post at Sodahead.com written by “TechnoTrucker” dated 10 April 2010, entitled “You are a slave to the U.S. Govt. complete re-post, plus new info.” It’s long, containing a wealth of information which …