War Spending Escapes Cuts In Debt Plan, Obama Blocks Oversight Of Mercenary Army In Iraq, When Budget Cuts Aren't Really Cuts, Debt Deal Factsheet, Some Bankers Never Learn, From Wall St. To Washington And Back Again (Links)

War Spending Escapes Any Real Cuts In Debt Plan - Washington Post

Exclusive: U.S. Blocks Oversight of Its Mercenary Army in Iraq - Wired

Meet the 17 countries in the AAA debt club - CNN

Denninger On Budget Deal - When Cuts Aren't Really Cuts

FACTSHEET: The Debt Deal

The Truth About Chinese Threats To Dump US Debt

Rahm Emanuel: Chicago Finances Are Even Worse Than Everyone Thought

29 People Who Went From Wall Street To Washington To Wall Street

Gretchen Morgenson Is Right: Bankers Have No Shame - Dean Baker

Tea Partiers Oppose Cuts to Social Security and Medicare, NOT Just Democrats

Some Bankers Never Learn - Gretchen Morgenson

OECD to Obama: Propagandize U.S. Citizens into Supporting Global Aid Projects

Charts: Weak GDP and even weaker consumption

Ding Dong: Government Calling - Karl Denninger

In Secret, Senate Panel May Re-Up Vast Surveillance Dragnet - Wired

WAKE UP AMERICA! - The Real U.S. Budget Problem: Defense & War Spending Equal 94% Of All Federal Income Tax Revenues

Goldman Sachs: US Faces AAA Downgrade if it Counts End of War as Deficit Reduction

Comments

[DailyBail]

Waxman calls for national climate-change-education push

http://thehill.com/blogs/e2-wire/677-e2-wire/172479-top-house-democrat-calls-for-national-climate-change-education-campaign

[DailyBail]

Space junk facts

http://www.cosmonline.co.uk/space-junk-facts

Interesting...

[DailyBail]

Greenpeace: give me a child until he is seven…

http://blogs.telegraph.co.uk/news/jamesdelingpole/100098864/greenpeace-give-me-a-child-until-he-is-seven/

[DailyBail]

Sarah Palin And The Moose (Comedy)

http://dailybail.com/home/sarah-palin-and-the-moose-comedy.html

[DailyBail]

The New U.S. Flag -- The Corporate States Of America

http://dailybail.com/home/the-new-us-flag-the-corporate-states-of-america.html

[DailyBail]

Federal Reserve Attorneys: Fed Banks Are "Not Agencies" But "Independent Corporations" With "Private Boards of Directors"

http://www.washingtonsblog.com/2011/07/federal-reserve-attorneys-admit-that.html

[DailyBail]

As the long-time Chairman of the House Banking and Currency Committee (Charles McFadden) said on June 10, 1932:

Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies ....

Similarly, the Bank for International Settlements (BIS) - often called the "central banks' central bank", as it coordinates transactions between central banks, and which is the entity determining the level of reserves banks are required to keep worldwide - is itself owned by the central banks of the world.

http://www.washingtonsblog.com/2011/07/federal-reserve-admits-that-its-12.html

[DailyBail]

Gold Demand Outstrips Inventory For the First Time Since 2008

http://www.washingtonsblog.com/2011/07/gold-demand-outstrips-inventory-for.html

[DailyBail]

Where are the Wall Street handcuffs.

Video - Ratigan with Darrell Issa, Chairman of House Oversight, discussing his first committee subpoena: Countrywide's VIP loan program for friends of CEO Angelo Mozilo - Feb. 17, 2011

Full story from the Washington Post inside. According to Issa, besides Senators Chris Dodd, Kent Conrad and likely others still unnamed, more than 150 fannie, freddie employees got sweetheart loans.

http://dailybail.com/home/people-say-youre-on-a-witch-hunt-congressman-i-say-more-powe.html

[DailyBail]

A North Carolina jury has awarded $10 million in a wrongful death lawsuit against Taser International, Inc., which was filed by the family of a teen who died after being shocked with a Taser stun gun.

http://www.aboutlawsuits.com/taser-death-lawsuit-verdict-19734/

[DailyBail]

HSBC expected to shed 30,000 jobs in cost-cutting drive

http://www.guardian.co.uk/business/2011/jul/31/hsbc-job-losses-profits

[DailyBail]

How pilots wrestled in vain to save Air France jet

http://news.yahoo.com/pilots-wrestled-vain-save-air-france-jet-024238152.html

Very frightening read...tons of detail...

[DailyBail]

NIH sends more than $90 million in taxpayer-funded grants to China

http://news.yahoo.com/nih-sends-more-90-million-taxpayer-funded-grants-202159719.html

[Dave]

Silly Perhaps, but talk of the Mercenary army reminds me of "The Expendables Move". The movie plot depicts a front for the CIA who hires a team of Mercenaries to clean up some dirty work for pay. I had heard it mentioned sifting through the news but I really didn't understand for sure what that meant.

So it seems it was done in order to bring soldiers home and hide the fact that money is still being flooded to pay these army's for hire. I would say that it is strange but nothing surprises me anymore. I wonder how many don't really know this is going on or why?

[DailyBail]

President Barack Obama takes debt battle to Twitter, loses more than 40,000 followers in one day

http://www.nydailynews.com/tech_guide/2011/07/29/2011-07-29_bams_spam_president_barack_obama_takes_debt_battle_to_twitter_loses_more_than_20.html#ixzz1TbOKVZ00

[john]

Renewable Energy Trouble: Energy Reality Meets Budget Reality

http://www.masterresource.org/2011/08/romm-renewables-trouble-federal-budget/#more-16110

Now for the Bombshell.....

Bombshell: High and rising price for carbon pollution emerges as credible deficit reduction strategy

http://thinkprogress.org/romm/2011/05/25/208178/price-for-carbon-deficit-reduction/

[john]

CBO Scores "Bipartisan" Plan At Half Of S&P Required Savings; Only 2% Of Total Cuts To Take Place Before Obama Reelection

http://www.zerohedge.com/news/cbo-scores-bipartisan-plan-half-sp-required-savings-only-2-total-cuts-take-place-obama-reelecti

[snip]

It was only a week ago that S&P said anything under $4 trillion in deficit cuts would be an automatic downgrade for the US. So according to the CBO's just released score of the bipartisan budget, the S&P will have to cut its rating of the US in half, since the total budget cuts will be just over 50% of what S&P demanded previously. And here's the funny part: of the $917 billion in known cuts (the other $1.2 billion is factored but not even the CBO has any clue what it will look like), a whopping 2% in cuts will take places before the Obama election. 2%! This whole charade is there only to make sure the president is reelected. Oh, and of course to make sure S&P does not downgrade the US. Which is where we get back to the fun. THE FUN. Because as it turns out, that whole $4 trillion thing.... S&P was only kidding. "It appears that the perception Standard & Poor's seemed to harbour, that the U.S. needed to find a $4trn sized package in order to keep its triple A rating, is unfounded.

Note: They were bullshitting us again!

As I have mentioned in previous posts, the carbon tax in all likelihood be implemented between now or after the 2012 elections for the purpose of balancing budgets. When Markley Waxman failed about a year ago I had a feeling that it will come back in spades. Waxman is now pushing climate change education and we all know that any carbon tax will be used for other purposes but sold to the public as a feel good environmental thing....

[LiberatedCitizen]

Why not a Predator strike on George Soros?

http://floppingaces.net/2011/07/30/why-not-a-predator-strike-on-george-soros-reader-post/

[john]

It won’t be impossible for the “super committee” to raise revenues. Not by a long shot.

http://etedeschi.com/2011/07/31/it-wont-be-impossible-for-the-super-committee-to-raise-revenues-not-by-a-long-shot/

[snip]

Second the committee could choose to eliminate or change tax expenditures without touching marginal rates and brackets, as long as they were tax expenditures that would otherwise have been permanent fixtures of the tax code. The mortgage interest deduction is one example; the exemption of employer-sponsored health insurance is another.

Third, the committee could come up with a brand new tax added-on to the current tax system. A carbon tax or a VAT would both fit this description.

So there’s actually plenty of accounting room for higher revenues under a current law baseline.

[Robert S. Finnegan]

GET OUT PEOPLE, LIVE TO FIGHT ANOTHER DAY, ON OUR TERMS. We will help you, pro bono (for free).

Robert S. Finnegan, USMC (1976-1984)

President

The Free Peoples Of The United States In Exile

Jakarta, Indonesia

rsfinnegan@gmail.com

+62-21-23-926857

[DoloresCurry31]

freelance writer