DEFICIT UPDATE: U.S. Now Borrowing 46 Cents Of Every Dollar

Despite what you hear from Paul Krugman, 6 consecutive years of trillion-dollar deficits does not constitute austerity.

Morning links:

• VIDEO - Gas Pipeline Explosion In WVa: 'Burned So Hot It Melted A Highway'
• DEFICIT UPDATE - U.S. Now Borrows 46 Cents Of Every Dollar It Spends
• QE3 Chronicles: Bernanke Seen Expanding Balance Sheet to $4 Trillion - Bloomberg
• FedEx Overcharged Customers for Years
• Chinese Group Buys 80% of AIG Unit for $4.2 Billion
• Hedge Funds Buy While Mom And Pop Sell At Fastest Pace In 19 Months
• Photos From The Front Lines - Afghanistan
• Eric Holder: U.S. Should Consider Automatic Voter Registration
• Michigan House Passes Right-To-Work Legislation
• North Korea Launches Rocket in Defiance of Sanctions
• Yale Scientists Name Obamadon, A Slender-Jawed Lizard, After The President
• Not Just Buses, Street Lights Are Now Recording Conversations
• Burglar Calls 911 When Homeowner Pulls Gun on Him (hilarious)
• The Abandoned City of Detroit - Photos
• GREAT PICS - How The Wild West REALLY Looked

Comments

[DailyBail]

More video on WVa gas explosion

http://www.youtube.com/watch?list=WL60CD6C2FD5A374DB&v=l8VZo7tWfw0&feature=player_detailpage#t=54s

[LadyLiberty]

It's austerity for the MIDDLE CLASS TAXPAYERS who have to pay for it!

Cash value of welfare spending to households in poverty greater than median household income

http://dailycaller.com/2012/12/07/cash-value-of-welfare-spending-to-households-in-poverty-greater-than-median-household-income/

Obama's America Will Become Detroit

http://cnsnews.com/blog/terence-p-jeffrey/obamas-america-will-become-detroit

Middle Class--Not the Rich or the Poor--Pay Majority of Federal Taxes, Says CBO Data

http://cnsnews.com/node/68094

'Welfare Spending Equates to $168 Per Day for Every Household in Poverty'

http://www.weeklystandard.com/blogs/welfare-spending-equates-168-day-every-household-poverty_665160.html

Where Do You Rank as a Taxpayer?

http://www.kiplinger.com/features/archives/how-your-income-stacks-up.html#K8O4gZKSODJaX5xa.99

NO CRIMINAL PROSECUTIONS AGAIN

HSBC Report Should Result in Prosecutions, Not Just Fines, Say Critics

http://www.thedailybeast.com/articles/2012/07/18/hsbc-report-should-result-in-prosecutions-not-just-fines-say-critics.html

Is The Federal Reserve Using Money-Laundering Techniques To Cleanse Banks' Balance Sheets?

http://www.forbes.com/sites/lawrencehunter/2012/10/29/are-federal-reserve-regulated-banks-laundering-dirty-money/

The real joke is unless they close the loopholes if they raise taxes it still won't affect the top 1% and notice the crony capitalist 's never call for that to happen they just call for more taxes for others. The Charitable Exemption should be done away with or capped. The people who run those make millions.

How Buffett Saves Billions On His Tax Return

http://www.forbes.com/sites/greatspeculations/2011/08/17/how-buffett-saves-billions-on-his-tax-return/

Warren Buffett Is A Punk

snip

Meanwhile, Buffett has given each of his kids a charitable foundation with billions each to manage. If a foundation has $3bb in it, then something like $90mm can go to salaries

http://techcrunch.com/2012/05/12/warren-buffett-is-a-punk/

Implementing Warren Buffett's Gift

The foundation must continue to satisfy the legal requirements qualifying Warren’s gift as charitable exempt from gift or other taxes

http://www.gatesfoundation.org/about/Pages/implementing-warren-buffetts-gift.aspx

Buffett’s Betrayal (firms got 95 Billion bailout cash)

http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/

[LadyLiberty]

More on perverted old uncle warren

Warrren Buffett Employs Tax Avoidance Scheme to Avoid Taxes He Is Advocating Being Increaed

http://www.economicpolicyjournal.com/2012/12/warrren-buffett-employs-tax-avoidance.html

[TR]

Wild West pics,
Where the hell are the Malls?