Commentary:
– US Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’
Flashback:
‘Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.’
– Barack Obama
Exactly right! It doesn’t matter who is currently President of the US, because they are all serving only their elite masters:
– Elite Puppet President Obama Exposed (The video exposes also several other puppet US administrations.)
This really is a controlled demolition of the USA by the elitists:
“When a country embarks on deficit financing (Obamanomics) and inflationism (= quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich. “
– Ron Paul
It is happening right now:“Tiffany’s, Nordstrom, and Saks Fifth Avenue are booming. Sales of Cadillac cars have jumped 35pc, while Porsche’s US sales are up 29pc.”
– Deepening crisis traps America’s have-nots (Telegraph, 09 Jan 2011)
– Quantitative Easing Explained
– Jesse Ventura Conspiracy Theory: Wall Street
This is the Greatest Depression.
(CBS NEWS) — House Republicans on Thursday trimmed about $35 million from the House’s operating budget, a move that Speaker John Boehner hailed as “a strong signal” of the new Congress’ “commitment to making the tough choices necessary to end Washington’s job-killing spending binge.”
But while $35 million is a lot of money to the average American, it’s worth thinking about just how “strong” a signal the House really sent. Consider: According to the Center on Budget and Policy Priorities, the government’s projected spending for Fiscal Year 2010 is roughly $3.6 trillion.
That’s 3.6 trillion – one three, one six, and 11 zeros.
Let’s put that number in context. There are 365 days in a year, 24 hours in a day, and 60 minutes in an hour. That adds up to a total of 525,600 minutes. Divide that figure into the $3.6 trillion in FY2010 spending and you find that the federal government spends about $6.85 million per minute.
That’s right – the government spends, on average, nearly $7 million every minute. That means the cost-cutting measure yesterday only saved taxpayers enough to cover about five minutes worth of spending – less time than it takes to hold the average congressional vote.