Controller: Pennsylvania Capital Should Weigh Bankruptcy

state 1 0602 dcg 24000.jpg
The Pennsylvania State Capitol building seen from State Street in Harrisburg.

Jan. 26 (Bloomberg) — Harrisburg, Pennsylvania, the capital of the sixth-largest U.S. state by population, should skip a $2.2 million debt service payment due Feb. 1 and consider bankruptcy, City Controller Dan Miller said.

Harrisburg faces $68 million in payments this year in connection with a waste-to-energy incinerator and should weigh Chapter 9 protection from creditors or state oversight through a program known as Act 47, Miller said today. Chapter 9 bankruptcy allows municipalities to reorganize rather than liquidate.

The alternatives are to sell assets such as an historic downtown market; an island in the Susquehanna River that includes the city’s minor-league baseball stadium; and the city’s parking, sewer and water systems, according to a preliminary 2010 budget and an emergency financial plan submitted yesterday.

“What I’m suggesting is we stop paying the debt service until we have a plan or we decide which way to go, in bankruptcy or Act 47,” Miller, a former city council member who became controller this month, said in a telephone interview. “I think it could save our assets instead of selling them.”

Read moreController: Pennsylvania Capital Should Weigh Bankruptcy

Tony Blair Was Warned By All 27 Senior Government Lawyers That Iraq War Was Illegal

See also:

Dutch Inquiry: Iraq War Was Illegal, Had ‘No Basis In International Law’

US and UK knew that Iraq Didn’t Have WMDs

Tony Blair ‘knew Iraq did not have WMD before war started’


sir-michael-wood-001
Sir Michael Wood, the Foreign Office’s chief legal adviser at the time of the 2003 invasion

TONY Blair was warned two months before the invasion of Iraq that it would be illegal to go to war without UN backing, it was revealed yesterday.

Senior Government lawyers told the Iraq inquiry that they advised the action had “no legal basis in international law”.

Last night it was reported every one of the 27 lawyers in the department advised the war was illegal.

Yesterday Sir Michael Wood, who was the Foreign Office’s chief legal adviser, told the hearing he warned the then Foreign Secretary Jack Straw an invasion would “amount to the crime of aggression”.

Sir Michael said he considered resigning in protest at the decision to join the US-led attack. He described how he was sidelined after he made clear his objections to military action.

His deputy, Elizabeth Wilmshurst, quit in protest on the eve of the invasion in March 2003.

In her first public account of the circumstances leading to her resignation she described the Government’s treatment of the legal advice as “lamentable”.

The explosive revelations intensified pressure on the former Prime Minister, who will face the Chilcot inquiry on Friday.

Read moreTony Blair Was Warned By All 27 Senior Government Lawyers That Iraq War Was Illegal

Ron Paul: US Foreign Policy is Bankrupting America

See also:

Rep. Ron Paul: State of the Republic Address – ‘Dangerous Times Indeed.’

Rep. Ron Paul: ‘The CIA Runs Everything. We Need To Take Out The CIA.’

America’s Impending Master Class Dictatorship! (MUST-READ!)



Date: 23rd Jan 10

Read moreRon Paul: US Foreign Policy is Bankrupting America

UNICEF: Children disappearing from Haiti hospitals

Adopted orphans arrive in France as UNICEF raises trafficking fears

haiti_children
Haitian children line up to receive food at a food distribution site run by the U.S. Army 82nd Airborne Division a week after the massive earthquake in Port-au-Prince, Haiti, 21 Jan 2010

UNICEF warned of children disappearing from hospitals and raised fears of child trafficking in the wake of Haiti’s devastating Jan. 12 earthquake. Thirty-three Haitian orphans arrived in Paris on Friday after France fast-tracked adoption procedures.

The UN Children’s Fund (UNICEF) announced Friday that several children have gone missing from hospitals in Haiti in the aftermath of the killer earthquake, raising fears of trafficking for adoption abroad.

“We have documented let’s say around 15 cases of children disappearing from hospitals, and not with their own family at the time,” UNICEF adviser Jean Luc Legrand said.

The UN agency said it expected trafficking networks to spring into action, taking advantage of weakened local authorities to kidnap children and eventually getting them out of the country.

Read moreUNICEF: Children disappearing from Haiti hospitals

Rep. Ron Paul: State of the Republic Address – ‘Dangerous Times Indeed.’

“The collapse of the financial system is still in its early stage.”

“The social unrest will illicit cries for the government to exert unusual force to head off a complete breakdown of law and order. The ultimate trap will be set for a system of government claiming to protect a free society.”

“If more power and police authority are not given to the Federal government, it will be argued that only anarchy will result. If more government policing power is given, it will mean a lethal threat to civil liberties.”

“We are rapidly moving toward a dangerous time in our history. Society as we know it is vulnerable to political and social unrest. This impending crisis comes as a consequence of our flawed foreign and domestic economic policies, a silly notion about money, ignorance about central banking, ignoring the onerous power and mischief of out of control intelligence agencies, our unsustainable welfare state and a willingness to sacrifice privacy and civil liberties in an attempt to achieve safety and security from an inept government.”

“Dangerous times indeed.”

“The only way that we can prevent blood from running in the streets is to offer a better idea of the proper role of government in a society that desires, first and foremost, liberty.”

1 of 3:

Added: 21. Januar 2010

2 of 3:

Added: 21. Januar 2010

3 of 3:

Added: 21. Januar 2010

The Fed and the US government are destroying America:

America’s Impending Master Class Dictatorship! (MUST-READ!)

The CFR Controls American News/Media

Senate Proposes Increasing US Debt Limit to $14.3 Trillion: “If Congress does not enact this legislation, and soon, then the Treasury would default on its debt for the first time in history,” said Senate Finance Committee Chairman Max Baucus

US: Unfunded Benefits Dig States’ $3 Trillion Hole

Illinois enters a state of insolvency: ‘We’re close to de facto bankruptcy, if not de jure bankruptcy.’

The No.1 Trend Forecaster Gerald Celente: Financial Mafia Controlling US and Wall Street

Peter Schiff: The Lunacy of US Government Programs

– Former Dean of Harvard College Harry R. Lewis: Larry Summers, Robert Rubin: Will The Harvard Shadow Elite Bankrupt The University And The Country?

Read moreRep. Ron Paul: State of the Republic Address – ‘Dangerous Times Indeed.’

America’s Impending Master Class Dictatorship!

This article is a MUST-READ!

This is not a conspiracy. This is politics and economics.

Wake up America! You will lose everything, if you do not act NOW.

Prepare yourself for a complete controlled meltdown. The greatest financial collapse in world history.

A hyperinflationary depression. THE Greatest Depression.

The Fed and the US government are destroying America!

(More information at the end of the following article.)


“The people no longer have elected representatives; they have elected traitors.”

stewart-dougherty

By Stewart Dougherty

Stewart Dougherty is a specialist in inferential analysis, the practice of identifying historic and contemporary patterns and then extrapolating their likely effects upon the future. Dougherty was educated at Tufts University (B.A., magna cum laude), and Harvard Business School (M.B.A. and an academic Fellow).

FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom. Never having touched a gold coin is the monetary equivalent to never having breathed fresh air, felt the warmth of sunshine, looked up at the stars or risen from the gutter. Fiat Federal Reserve Notes are becoming nothing more than sewage decomposing in the vast, toxic septic tank of predatory Washington politics, epic Federal Reserve arrogance and error, blatant Wall Street fraud and outright Master Class plunder. Below, we outline America’s troubling and compounding predicament, and urge you to think about how to protect yourself from its consequences, both financially and personally.

Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.

One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.

According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books. State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.

The government continues to dig a deeper and deeper fiscal grave in which to bury its citizens. This year, the federal deficit will total at least $1,600,000,000,000.00 ($1.6 trillion), which represents overspending of $4,383,561,600.00 ($4.38 billion) per day. (The deficit during October and November, 2009, the first two months of Fiscal Year 2010, totaled $296,700,000,000.00 ($297 billion), or $4,863,934,000.00 ($4.9 billion) per day, a record.) Using the GAAP accounting method (which is what corporations are required to use because it presents a far more accurate and honest picture of a company’s finances than the cash accounting method primarily and misleadingly used by the U.S. government), the nation’s fiscal year 2009 deficit was roughly $9,000,000,000,000.00 ($9 trillion), or $24,700,000,000.00 ($24.7 billion) per day, as calculated by brilliant and well-respected economist John Williams. (www.shadowstats.com) Fiscal Year 2010’s cash- and GAAP-accounting deficits will likely be worse than 2009’s, given government bailout and new program spending that is on steroids and psychotic.

Putting Fiscal Year 2009’s $9,000,000,000,000.00 ($9 trillion) deficit another way, 17% of America’s private wealth, accumulated over a period of 235 years, was wiped out by just one year’s worth of government deficit spending insanity.

Given this, is it any surprise that Treasury Secretary Geithner has announced that the release of the nation’s FY 2009 supplemental GAAP financial statements has been delayed? Remember, this is the same Secretary Geithner who bullied people to cover up the sordid details of the AIG, or more accurately, the taxpayer-funded, multi-billion dollar, Santa Claus bailout and bonus bonanza for Goldman Sachs. Do you really think this government, characterized as it is by fiscal and monetary secrecy, lies, chicanery, cronyism and stonewalling, wants the people to know what is actually happening? Obviously, it does not, so it hides from the public the inexcusable facts.

Read moreAmerica’s Impending Master Class Dictatorship!

US: Supreme Court overturns long-standing limits on corporate political campaign spending

See also: Roberts Delivers ‘Jolt’ in Overturning Campaign-Finance Rulings (Bloomberg):

“The 5-4 ruling freed corporations, labor unions and advocacy groups to use general treasury funds to buy advertisements that explicitly try to sway voters. The majority said restrictions on corporate spending violated the Constitution’s free-speech guarantee.”

This has nothing to do with constitutional rights, because the ruling that a corporation is legally a ‘person’ was undermining the constitution earlier and was dead wrong.

No political campaign should be funded by corporations, because of manipulation of public opinion.

(In another case (1980 Diamond v. Chakrabarty) those idiot judges ruled that it is OK to patent life forms, were before life forms were considered a part of nature and were not patentable. This ruling lead to corporations patenting the genes of everything they can think of that could later on bring them profit.)

And look who is shouting the loudest:

Obama slams ‘green light to a new stampede of special interest money’ (?)

“Washington lobbyists haven’t funded my campaign, they won’t run my White House, and they will not drown out the voices of working Americans when I am president.”
– Barack Obama

Really?:

Health Care Statements In Congress Were Ghostwritten By Lobbyists Working For Genentech

The US Government: Bought and Paid For

Monsanto lobbyists to be placed in charge of food safety by Obama

Obama’s Money Cartel

Liar in Chief:

Barack Obama Lies 7 Times In Under 2 Minutes!!!!!

Barack Obama’s Health Care Lies And Reversals

The truth is:

The No.1 Trend Forecaster Gerald Celente: Financial Mafia Controlling US and Wall Street

George Carlin: The American Dream


Obama slams ‘green light to a new stampede of special interest money’

us_supreme_court_032

WASHINGTON – In a landmark ruling, the U.S. Supreme Court on Thursday struck down laws that banned corporations from using their own money to support or oppose candidates for public office.

By 5-4 vote, the court overturned federal laws, in effect for decades, that prevented corporations from using their profits to buy political campaign ads. The decision, which almost certainly will also allow labor unions to participate more freely in campaigns, threatens similar limits imposed by 24 states.

It leaves in place a ban prohibiting corporations and unions from directly contributing funds to candidates for any use.

In a statement, President Barack Obama said that the decision gives ‘a green light to a new stampede of special interest money in our politics.’ The president pledged to work with Congress to ‘develop a forceful response’ to the court’s ruling.

Read moreUS: Supreme Court overturns long-standing limits on corporate political campaign spending

Senate Proposes Increasing US Debt Limit to $14.3 Trillion: “If Congress does not enact this legislation, and soon, then the Treasury would default on its debt for the first time in history,” said Senate Finance Committee Chairman Max Baucus

On government debt:

“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”
– John Adams

“I wish it were possible to obtain a single amendment to our Constitution — taking from the federal government their power of borrowing.”
– Thomas Jefferson

“‘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!)

“When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul

“The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve Banks create money out of thin air to buy Government Bonds from the U.S. Treasury…and has created out of nothing a … debt which the American people are obliged to pay with interest.”
– Wright Patman

“The one aim of these financiers is world control by the creation of inextinguishable debts.”
– Henry Ford

“I place the economy among the first and most important virtues, and public debt as the greatest of dangers.”
– Thomas Jefferson


Those criminals in the US government and the Fed banksters are bankrupting America!

George Carlin: The American Dream

(Much more info at the end of this article.)


us_senate
U.S. Senate

Jan. 21 (Bloomberg) — The U.S. debt limit would be raised by $1.9 trillion to $14.29 trillion under an amendment proposed in the Senate.

The chamber began debate yesterday on raising the debt ceiling for the fifth time in two years after lower tax revenue from the recession and higher stimulus spending boosted the calendar-year budget deficit to an all-time high last year.

“If Congress does not enact this legislation, and soon, then the Treasury would default on its debt for the first time in history,” said Senate Finance Committee Chairman Max Baucus, a Montana Democrat.

The White House in a statement urged lawmakers to pass the measure. “Such an increase is critically important to make sure that financing of federal government operations can continue without interruption,” it said.

The proposed ceiling would probably allow the Treasury to continue its borrowing until next year, said Michael Feroli, an economist at JPMorgan Chase & Co. in New York.

Congress passed a short-term increase in the debt limit to $12.39 trillion last month after a group of senators, led by Budget Committee Chairman Kent Conrad of North Dakota, refused to vote on a longer-term extension unless Congress created a commission to study deficit reduction.

Read moreSenate Proposes Increasing US Debt Limit to $14.3 Trillion: “If Congress does not enact this legislation, and soon, then the Treasury would default on its debt for the first time in history,” said Senate Finance Committee Chairman Max Baucus

UK: More than 11,000 pensioners died in just one week during the Big Chill earlier this month

“The return of the snow comes as figures showed more than 11,000 pensioners died in just one week during the Big Chill earlier this month.”

By Daily Mail Reporter
Last updated at 7:42 AM on 20th January 2010

Full article: Daily Mail

Related article: UK: Pensioners are burning books to keep warm