The US Debt Ceiling Compromise Simple Truth
August 2, 2011, Submitted by: Ken Tweet
The US Debt Ceiling Compromise:
Adds at least $7 trillion to our debt over the next 10 years. The deal purports to “cut” $2.1 trillion, but the “cut” is from a baseline that adds $10 trillion to the debt (you see how they do this? It’s all smoke and mirrors and BS ‘white lies’).
This deal results in a BEST case scenario of still adding more than $7 trillion more in debt over the next 10 years. That is sickening.
Even if you believe cutting $2.1 trillion out of $10 trillion is a good compromise, surely we can start cutting quickly, say $200 billion-$300 billion per year, right? Wrong.
This plan so badly backloads the alleged savings that the cuts are simply meaningless. Why do we believe that the goal of $2.5 trillion over 10 years (that’s an average of $250 billion per year) will EVER be met if the first two years cuts are $20 billion and $50 billion (this is only several ‘days’ worth of federal spending – each year!).
There is simply no path in this bill even to the meager savings they are alleging will take place.
In summary, after weeks of main-stream-media coverage and hype, pitting one political party against the other, the ‘gang’ has won once again. They’re apparently going to spend at least $7 Trillion more!
According to Michael Savage, ‘you’re being hoodwinked again’. Apparently Rand Paul agrees.
We are not espousing one political leaning or another (we happen to believe they’re all mostly corrupt), but rather pointing out what appears to be information that cuts through the BS.
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Just postponing the inevitable of the collapse.
And the US economy will have a ratings down grade in 3……..2……..1.
Don’t forget the unfunded liabilities – superannuation, pension and health fund costs etc etc etc add up to around 114.5 Trillion.
Europe will go down shortly – then watch the fire works.
Even China can’t finance the European troubles.
I’m just a 30-something mother of two small children, the field of economics is not my forte, so forgive me if this us a stupid question. Once the world governments fall to economic collapse, who or what steps in? Are we headed toward Global Fascism, or something worse? I’m sure there is a post somewhere on this site about this subject. Could someone kindly point me in the right direction, to find it?
I’m starting to wonder if all if my preparations on my small home farm are in vain. Technically we don’t own anything, anyway.
Bottom line the “Super Congress” and the action of giving the “Purse” to Obama is the end of the Constitution and The Bill of rights. My Dr., Step-father, made me read “Mein Kampf”, the fascist tyranny that this 1920′S book laid out was the blue print that Hitler then followed; the rest is history. This is not doom and gloom it is the factual lay out of the program to take control of all of our rights. This is so blatant that even the mainstream news outlets are having to say something. The NWO is so arrogant that they are rubbing it our collective faces. Time to wake the sleepers… Survive-All… Awareness is preparedness…
The USA government could save 100′s of billions every year but doing the following:
1. Stop All free foreign aid now. The USA gives away 100′s of billions to countries like England, France, Germany (who now exports more than the USA), Japan (what??) , Saudi Arabia (even though they make billions selling oil), India, Russia (what??), and many other countries too numerous to mention. If these foreign countries need any money-they can borrow it from the USA with interest-to be paid back.
2. Bring home all out troops stationed overseas. Bring home the troops in Germany, Japan and South Korea. why should the USA spend 100′s of billions each year keeping troops in these countries and having out troops spending their wages in these countries. Bring our troops home and place them at the border, plus they can spend their wages here in America.
3. Stop giving tax breaks and subsidies to rich, billion dollar oil companies. Many of them pay little or no taxes at all. In fact, nationalize all oil/gas companies in America now. Why should Exxon make 300 billion dollars? This money could be used to pay off the national debt.
4. Make billion dollar companies like GE pay income taxes! GE made 12 billion in profit and payed NO income taxes to the USA government. In fact, they just closed another factory and opened one in China.
5. Fix up America. We need new roads, bridges, schools, our National Parks need money.
6. Get rid of NAFTA, WTO, and others. No factories will open up in the USA with NAFTA around. The Kintons pushed for NAFTA in the 1990′s and told USA factories to close up and move to Mexico and South America! They even had a government office that went around offering companies tax breaks to move!
7. The military can sell off its old supplies and accessories that are stored in huge warehouses and make a lot of money. I’ve heard on TV that they have supplies dating back to the Spanish American War! (What would they need those things for?) Collectors would love to have a chance to purchase these items. The army could have auctions to sell off surplus items dating from Spanish/American war, WW1, WW2, Korea and Vietnam.
These are some of my ideas to help the USA ecomony and to cut costs (and maybe supply some jobs).
You forgot two other important money pits.
(8) De-fund the U.N.
(9) De-fund the I.M.F. (and probably the World bank as well)
@Beano, Great wake up call! The bail out monies are going into the pockets of the Bilderberg group. The money flow all ends up in the hands of the eugenicists. Watch as the paradox riddled 2nd amendment falls from existence. The Puppet Executive is only the front for the usage of the formula, tried and true to neutralize the masses. Dumb them down:T.V., News as “They” want it dispersed ( The They own Fox, MSNBC, CNN,etc… ) You only hear what the script says! The “Fed.” is privately owned and every dollar printed is purchased by the U.S. Government. Even though it is called the Federal Reserve Bank it is no more an operation of the Federal Government than it is working for the continuation of the American Way. Globalism is the end goal. Control of the World by all of the means at Their disposal. The greatest goal being the fake left and move right, out-right obvious as well as subliminal conditioning of the “People”. The hidden dispersal of G.M. foods in BPA containers, the mandatory vaccination programs ( Coming soon to your neighborhood… ) with the additives hidden within. This goes on and on… The end result is no different than what Pol Pot in Cambodia tried, Idi Amin dada and countless other African genocides tried, and that old work horse of an example Hitler enacted. Get rid of the junk gene pool so there is more for us with no out flow of energy wasted on the silent majority. ( Here I have to insert the genocide and controlled absorption of the true native populace. ) More Native Peoples died than German WW2 detainees. It may have taken longer but, the world was large, the mechanization which caused the global shrinkage did not yet exist. Wake up, don’t ingest the poison. It may be foods, language or rhetoric,” Big Pharm.” , plastic money, blood donation, gene testing, the panoply goes on at every turn. Awareness is the only way to be prepared for the coming of the “New World Order”. It is our greatest weapon. Knowledge and appropriate response are our only hope. Kill your T.V., stop believing the “State of The Union” as it is a fairy tale. Boycott through non-purchase, on all levels of existence and just maybe “We” will prevail. From here the dialogue on hidden population control programs evolves. Signing off for now. Survive-All…