Thursday
Feb182010
U.S. Headed Toward Bankruptcy, Says Top Budget Committee Member (Must See Video)
Video: Wisconsin Rep. Paul Ryan, ranking Republican on the House Budget Committee, says the current fiscal path will bring the U.S. government to bankruptcy.
As Ryan explains, the nuts are the unfunded liabilities -- promises without revenue. One of the better discussions I've seen on the issue. Set aside a few minutes.
- “We know that for a fact. All the actuaries, all the objective scorekeepers of the federal government, are predicting bankruptcy.”
- “They say we are $53 trillion short of fulfilling the promises the government is making to the American people, in today’s dollars.”
- “Meaning that if we want to keep the promises of Medicare, Medicaid and Social Security, which are basically the three major entitlement programs, today we would have to set aside $53 trillion dollars and invest them at Treasury rates in order to do it.”
- “By the time my three children – who are three, five and six years old—are my age, the federal government will have to tax 40 cents out of every dollar made in America just to pay the bills for the federal government at that time.”
- “The legacy of this country has always been that each generation confronts the challenges before it so that the next generation is better off,” said Ryan. “In the past, we brought down the Iron Curtain and won the Cold War. We got through World War I. We got through World War II. We won the war on the Great Depression."
- “The problem that we have right now—putting foreign policy aside and our fight with Islamic radicalism—is that we have an economic crisis, we have a fiscal crisis, and, that is, we will bankrupt this country, and the best century in America will be the last century,” he added."
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(Screenshot...video is above)
Feb 18, 2010 at 10:03 PM
Reader Comments (45)
Furthermore, congressmen telling me I have to pay more to fix all this, is bulls--t! Only the sell outs who have received millions and billions should pay!
I will not pay for Mr. CEO's selling his company for billions to China or Mr. Banker collecting million dollar bonuses off people forced to sell their investments to live day to day. These are the people who created the problem, they need to fix it themselves! And, we need to make sure that's exactly what happens!
No shit Sherlock. Good investigative work. Too bad it's been a KNOWN fact for YEARS already ..yet NO ONE is working on a solution to this date. BTW, what's the word on Earth's rotation? Do we REALLY circle the sun ..or is THAT just a myth too?
Look into it, will ya?
42% of Americans work on the private side, 81% in usually low-paying service jobs
13% of Americans are unemployed on UEI, or have fallen off the back-end of 12/08
45% of Americans work for mil.gov welfare tax dole, or are on mil.gov contract to it.
And, lifetime earnings and benefits for mil.gov are now 30% higher than private side
Now whether you are kindly disposed to our government or not, there is a certain
fundamental quandry ... their salaries are paid out of our taxes! Even if we let the
two rates be equal, 45% and 45%, and assume the salaries and benefits equal,
then the mil.gov salary 's', is funded by the tax rate 't', on their salary plus private.
tax on mil.gov salary + tax on private salary = mil.gov salary
That average tax rate is 50%!! And that's not counting all the capital development
programs, not counting all the entitlement programs, not counting the interest on
the $14.4 trillion Federal debt, and not counting the bombers, bombs and bullets
being blown up at the rate of $130 billion a year.
50%, right now today, just to pay for mil.gov salaries, according to BoLS(2008).
By 2012, at the ratio of 'preserve or create' mil.gov is creating more mil.gov jobs,
as for example, Obama's $8B nuclear power program, which can ONLY be
staffed by mil.gov personnel holding TS/SCI clearance, and not a single private,
the tax rate, just to tread water, just to gulp our last free breath, will be 59%.
59%!! Clearly, and absolutely, no mil.gov leader has the brass to publicly do the
math. That's why they have all the pablum about 'Joe the paver getting good jobs',
well, yeah, and those are mil.gov contract jobs, paid out of our taxes!!
Mil.gov CANNOT create private jobs, and CANNOT deficit-spend out of bankruptcy!
It's just a white-wash fantasy. The only source of real wealth is farming land, the
food and timber we harvest 'free' from the sun, and natural resources, which can
be depleted and exhausted, stealing from our savings account. Manufacturing and
trade industries are the final wealth creators, but only in the form of trade. If we
manufacture and trade only among ourselves, we are just trading wealth.
Our agriculture production has peaked and production costs are soaring. So the
real true source of our wealth, agriculture and lumber, is DECREASING. Our mining
and oil drilling wealth is close to peaking, it's very hard to know. Five-sixths of the
value of our wealth is provided by fossil fuels, that's how important they are. So
you have to wonder about the al-Gore'ian's, planning to shut down coal, and tax
our carbon useage on energy and fuel by 20% to 35%, that's DECREASING wealth.
Once again, a Federally operated nuclear power system CREATES NO WEALTH.
It comes out of our taxes at a far higher cost than the fossil fuel wealth it offsets.
Not only is mil.gov bankrupting US, they are DELIBERATELY bankrupting US!
You just articulated the basic conundrum exquisitely. You probably already know this, but the never-ending spiral of more and more people dependant on the government for their livelihood is what drove the Weimar collapse, but here we are, trying the same thing and expecting different results.
I'm not sure if some of the more recent developments are reflected in your numbers, but the way I see it, the construction industry, the auto industry, higher education and of course the entire banking/finance industry can no longer be called "private" (at least not with a straight face).
I hope to see more posts from you.
Hitler knew the war was lost when he found out that for every plane he shot down three were being unloaded from the boats, and a Liberty ship was rolling out of assembly every day. it takes years to develope a workforce of that skill level.
But it don't take years to destroy it...
Please watch video and learn.
Don't compare a limited low intensity conflict against "Reagans Rangers" to a war like I am refering to, we no longer have the capability of a real war economy. And the early deficiencies will be dangerous as many parts and implements our military need are being manufactured by foreigners who might decide not to sell them to us as the French did with critical avionics boards because they did not want us to invade Iraq and disturb their contracts with Saddam.
I hear China calling you Gobie, it is time for you to get back on the umbilical...
All are guilty...
The law defends the plunderer. You truly lead a sheltered life don't you.
"Again, great work you two. The sad part is what it has done to some of the men in this country. You two would be throwing flowers and kissing the Germans."
I am not as old or as infirm as you might think Gobie, I can still bench 300 and take the head off a bull with one swing, while you and your bipolar side hand out flowers.
It was cat, not chicken. It was not that bad... I am really not a flower kind of guy, my wife prefers shotgun shell for Valentines day.
I guess I do not appreciate the Communists as much as you do.
You know, you can just push your wife off of you, no need to lift.
Ben Sanderson: Like the kling klang king of the rim ram room.
Is that what you call proving to the world that you're a total douche?
I think we've all got that lesson, but thanks for reinforcing it so much!
http://www.youtube.com/watch?feature=ytn%253Amptnews&playnext=1&playnext_from=TL&videos=yEbrc-MzZbI&v=lTJ2BLAH910
My apologies. And I know this is a sandbox excuse, but he started it.
All human actions have one or more of these seven causes: chance, nature, compulsions, habit, reason, passion, desire. Aristotle
Passion rebuilds the world for the youth. It makes all things alive and significant. Ralph Waldo Emerson
Passion, if you don't have it yet then you better find yours. The shit is about to hit the fan in this country. The states are bankrupt and the federal government under Obama is going down a very sad path. Mark showed you his true colors, I am not a pushover. I have much more fortitude and strength of character.
I hope you stick around but I will not make apologies for my strong words, the best is yet to come.
Hey Douchebag,
Remember this?
"Again, great work you two. The sad part is what it has done to some of the men in this country. You two would be throwing flowers and kissing the Germans"
For about the thousanth time, you ruined what was an intelligent, civil discussion.
Because you're stupid
Because you are a whiny pussy.
Because you crave attention.
And in your head, you think you've triumphed.
No Robbin, just some of them are nuts....................................Ah.......................Just one of them are nuts Robbin. The others are worried about thier country and how it will be down to homeless people and soup lines within 2-3 years from now.
Quick Robbin, to the "Bat-Copter" we need to go to the Jimmy Buffet Island. Buffet called me on his "Bat-Phone" and said we safe thAre.....................................
Dam Gompers, he realy got to you and all the way down to toilet leavel. Theres only ONE Guy that can do that and he sure did a good job of it tonight with the whole bunch.........................................too ! If they cant get to ya they stupe way down and bring a spouse into the mix. Now, he knows yr "Weak Botton"......
NOW, back in 1970 Henery Kissenger found a young boy named Barry Suroto ( Im Close but Misspelthed) Henery knew he had found the perfict God for the NWO. After setting a date of 2009, they would wisk him away and groom him for the take over of the world. Starting with the American People.
In the mean time our goverment would compleatly destroy our country and get it ready to be taken over by the IMF. Take away thier money, homes, cars, and "GUN's".............................They will have nothing to defend them self's with, nor a place to hide.
Those who are just finding out whats realy going on should watch Obama Deption. Its a start to the over 200 other clips you need to see to know the truth.
Our country is neaver intended to recover any time soon. In 3 years people will long for 04-16-2010........But the market is back over 10,000 again. Sure, thier going for the last of peoples money and its planed to drop out in 12-16 mos. again.
Then its over, just the way they planed it back in 1970 when Kissinger found "The Wizzered of O-Bama Oz"................The American People will neaver know what just hit them. When they wake up, it will be to late...?
Just go to Infowars. com and read and watch everything Alex has on his site.
NOW, March 13, 2010 | Zarathustra I took the time to answer your question about who and what is the center line. Later I will es-plain to you who is in the ditch of life, and who they are standing out in the field atacking the American People. You know the ones. Trying to take everything away from the proud people of the USA.
Heres a link so you dont need to drive down the center of the people to get thAre.... http://dailybail.com/headlines/dan-rather-andrea-mitchell-tell-chris-matthews-obama-screwed.html?lastPage=true#comment7769611
Just like the health care vote this week. We can sign everything you want. You can tell your olcal Reps. to stop this madness. Talk till yr blue in the face. Your Local Reps. are in this crap for the same reason the "Fruit Cakes" in washington are.
What they want, they will get. The HC Bill is going threw vote-less. It will just become law becouse goverment "Assumes" its best for the American People. Were voice-less at this point. The only reason they still fear us, is becouse they know were armed to the teeth, and if have to, defend our selfs.
I know this is long, but its important. Please check this out.
I recieved this in an email, and it is pretty serious. It is the first and only account of the real usage of the missing $8.5 Trillion (the publc only knew about the $700 Billion). Anyways the Federal Reserve issued $8.5 Trillion in new currency and would tell nobody why they did it. Now your going to know why.
http://www.rumormillnews.com/cgi-bin/archive.cgi?noframes;read=140167
http://forum.prisonplanet.com/index.php?topic=80514.0
http://www.youtube.com/watch?v=AMlfuUWRDjo&NR=1
Starting with #-3. First two dont tell much.
& S Gompers, dont let him get to ya. Yr letting him take over a very important message, and we must get it out. Althoe I wanted to jump in thAre with my 2 cents. BUT Obama put $5.00 a mo. on our cell phone bills to cover all the FREE Phones to his poor illeagle imagrents in this country, so I couldent................................................
Thanks Texas Dar, but he never got to me, you would have to know my wife, at 4 foot 11 inches, and 95 pounds, she is a hunting machine who lives and breathes to fill the freezer, nurture animals, and put up food from the garden for winter.
She can and does handle her own and does not need the assistance of anyone to survive, that is why I chose her as my spouse. If she knew what Goober, DBIC, Homer Simpson, Zarafoolstra, etc., said, trust me, she could handle this fool herself...
Gobie is nothing more than a mouthpiece for fools who has to create his own cheering section because he is not qualified to survive without the drive thru window or grocery store garden, and mocks those that can, as well as those who do not believe he is the next messiah, as you seen in his attack on you, and everyone else that does not bow down to his supreme righteousness...
If you follow his posts you will find that he speaks socialist this, socialist that, but then tends to support China and company against anyone who disapproves of their Communist ways... But then, Yellows have historically hated Reds, even though they are pretty much the same...
The funny thing is that he supported the Liberal Guiliani for POTUS while proudly calling himself a Raygun Weebleutionary. I support Americans, not Globalists seeking cheap labor, Fed worshipers, and certainly not the great hunter/ gatherers of the grocery store and restaurant society. If Americans want true freedom, they should first strive to truly be independent, or else gracefully accept the yoke that is being prepared for them.
Every dime Americans spend allowing someone else to "take care" of them (heat, food, etc.), weakens the very fabric of society. Though most will never achieve full independence, each and every small victory pulls a little more control away from the elitists. Food, water, etc. have always been used as a means to control the masses. We should all seek to deny the control mechanisms.
I have just been busy with some funerals and such, and should get back to normal by the end of the week.
Texas - You are boring, I can't get through one of your dull posts.
Gomp - Your wife has been able to ignore you for years, no doubt she can take care of herself.
I take on all of you and win every time with half my brain tied behind my back just to make it fair (ring any bells).
God I love monkees, you smoke a lot of pot in your mommies basement don't you.
Norman G. Bates: Mother! Oh God, mother! Blood! Blood!
Dr. Fred Richmond: No. I got the whole story - but not from Norman. I got it - from his mother. Norman Bates no longer exists. He only half-existed to begin with. And now, the other half has taken over. Probably for all time.
I've been working on it in my sleep, and its a good-un, commin right up, soon. I promis, "Grumppy,obis".....................
The point im gona make tonight is that Dar dont need to spell right, like the smart people do. I can spell good enought to let other people know what im trying to convey.
It Is Sad, you have made Dar go out of his way just to get under yr skin, and I can do that "Very Well"....................Im an Entertainer, and I do it very well too..................."Goopy"...........................
I made a very good living before 2 tick bites took it all away from me and 10 employees. You see, we look for the "Loud Mouth" in the croud and work with him. Yr the best I've worked in many years, too. Thank You Sir.................................
You are soooooooooooooooooooooo, eazy to get a responce from, and with a low-ball, I get 47 Mi. more out of yr coments..............Please hang with Dar, yr helping me work the croud, and my pay check will be better than I thought it could ever been.
You could make my tour bus payments on the "Spit-Back" you give me to work the croud. Thank You Again "Sir"...........?
.
"Guppy" anybody that slap'es the face of the Catus Cuties from Texas for singing about America, should be Nutter'ed..................... That song is America Pride............."We the People" will take it back from you.
Im sure you neaver took the time to hear them. I do wish the rest of the people would, it brings pride back into the people, and what this country is all about.
I want to thank you for including Dar with DB, and S. Gompers. If yr stomping on me as bad as you are them other guys, im in great company, and on the top floor of people that have the power, voice, information, for the American People.
The more you try and stomp on us, the better it feels. Just like yr guy in the "Warmming-Seat"......................... The more yr kind kiss his ass hole, the better you make him feel.
REAMBER, the "Big-Loud-Mouth" is the one standing out in the croud. If when you'ved dun dumped yr shit onto the croud, and everyone on the thread id cheering-&-clapping fr ya, yr not the slop you thought ya was.........................
Please, dont confuse Aplause, with the "Clap"..................................................If yr bowl of Weatties smell like piss, tastes like piss, it just may be Piss...........................................................
Wake up, you go to every thread and spout off. Just think if you were to join us, you could be a great voice for our side...................................................Shit, Dar, "Go to Bed", this is the plant amungest us...................I know, but I luv "Fu!#$#$%kking with hin, cuz I can.
I know his weak spot. Have had 4-6 of them in every show I've done. And it always worked to my entertainment, for the croud.....................
So I just spell them like Dar knows they are spelleth................ If the spellin just feels wrong, spell it like Texas Dar dose....................
Please "Stomp on Me", cuz im workking on yr question aboyt left-or-right of the dotted line on the hi-way. "Please" Lil-Guppyobis" let me tell you whAre the Shit Lays on the HiWay......................................................Its not what yr gona want to hear.
Only you & my Dick-Head, brother in Sconsin has yr head up his ass-hole so far ya can read the "Tell-la-Prompter"......................
Hang in thAre............................I'll give it to ya later next week. Thunder-Snow cummin Sat. night. Gotta get the Fiar-Place ready to heat da cabin right now...............................................
You know "Guppy", we could do great things togeather, but yr to into yr self and patting yr self on the back for knowing "Nothing What Yr Talking About".........................................but Dar gives ya credit................................................
Please stay tuned......................................answer is cumming next week, if im out of bed, by 4:30pm. Lyme dose many differant things to us, but we still have a 1/4 brain to work with the little people..............................
@ Dar, the song was good, Guppy is a very appropriate name for Gobie, a big fish in a tiny fishbowl...
If you have been following Guppies mental distortions for any time, you would see that he is always slapping the face of liberty.
As Guppy has stated in the past;
“Fringe benefits are used to entice the productive employees to work for a company or stay with a company. You are on the right road, you are just going against the traffic with your understanding. Not unlike a bonus or a big fat Obama towncar or an expense account for hookers, when health insurance is added to a job or better health insurance is found by the employer while you are at a job, you, the productive motivated capitalist pig employee thinks, hmmmm, I better stay because the fringe benefits are making me happy and more willing to feed the monster to keep the good times a rolling, a healthy wife and kids at the homefront, and the hookers on their backs.”
Gobias hates Americans, jobs, benefits, and women, except as sexual objects. See key phrase above “productive motivated capitalist pig employee”.
Another Quote from dear Guppy;
"I am just another student of Saul Alinsky (you say emotional bs, I say rules for radicals or the new rules for republicans) -- you should take a look at the rules."
Saul Alinsky was a Liberal Left Wing Chicago Socialist.
Rules for Radicals was published in 1971, and is the Gramsci/ Fabian Socialist handbook for destroying America as it was meant to be. Gobias in his arrogance has been “attacking” even those of his own “party” because he has a larger agenda. Gobias has even stated that “The industrial revolution created the need for many improvements in the life of the drone“. Sounds rather un-American, doesn’t it?
Alinsky's tactics were based not on Stalin's revolutionary violence, but on the Neo-Marxist strategies of Antonio Gramsci, an Italian Communist. Relying on gradualism, infiltration, and the dialectic process rather than a bloody revolution, Gramsci's transformational Marxism was so subtle that few even noticed the deliberate changes.
Like Alinsky, Mikhail Gorbachev followed Gramsci, not Lenin. In fact, Gramsci aroused Stalin's wrath by suggesting that Lenin's revolutionary plan wouldn't work in the West. Instead the primary assault would be on Biblical absolutes and Christian values, which “must be crushed as a social force before the new face of Communism could rise and flourish“…
"Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: from all our legends, mythology, and history... the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom - Lucifer."
Saul Alinsky
As to his master/ slave morality, he is ass backwards. I would rather die on my feet than live on my knees, and I fear nothing… Guppy is already living on his knees, whining, and crying, and distracting, fearing camps, and roads of bones by his own admission…
For the sake of time, I will not get into all of his Syph riddled Nietzche crap, it has only worked for dictators, and look how that works out...
The Indians, when faced with the expansion across the mountains from the original colonies found a unique method of gratification/ stimulus in the river traffic coming down the Ohio river. They would capture a boat, rape the women, kill all the men who would fight them, and return to their villages with the plunder, and captives who were afraid to fight. Then the Indians would take the captives back to the river and have them call out to other boats, claiming their boat sank, or that they were survivors of an Indian attack. When the boat would attempt to pick them up, the Indians would attack, and then the process would be repeated. At first the captives would feel bad about their part in this, but as their food, given to them by their captors, became better with each “success”, as well as their treatment by their “captors” improved, sometimes they would even let them rape some of the captives before they killed them. They began to accept their lot as “the cost of doing business” and staying alive.
I can see Guppy has been on the “river banks” a long time, he even “brags” of his “privileged place”, as his rewards must be great...
No boats today Gobie...