The Truth About Who's Responsible For The Explosion In Government Spending
• businessinsider Henry BlodgetThe economy is the biggest issue in this year's election.
Contents Pages by Subject
Government Debt & Financing
Army Doubles Down on ‘Garbled, Ineffective’ Next-Gen Radios
• David Axe via WIRED.comIn key moments during the U.S. Army’s latest war game for advanced communications gear, the troops’ high-tech new radios failed them.
Flash: Santelli Uses The "C" Word!
• http://market-ticker.org,Now I like it! I have long called the emission of unbacked credit -- like QE -- counterfeiting.
Santelli On Liquidity And More Central Bank 'Counterfeiting'
• http://www.zerohedge.com, Tyler DurdenIn a little under two-and-a-half minutes, CNBC's Rick Santelli surveys the landscape of just what exactly is Quantitative Easing
One Of The Most Dangerous Cities In The Country Is Losing Its Police Department
• http://www.businessinsider.com, Abby RogersA New Jersey city that reported a murder rate of 46.8 per 100,000 people in 2010 is losing a police department.
Greece Really Is Going To Start Selling Islands
• http://www.businessinsider.com, Susan DalyTHE PRIME MINISTER of Greece has made a surprise announcement to Le Monde newspaper: that his country is ready to put some of its uninhabited islands up for sale.
Labor Department $100 Million Giveaway to Stop State Layoffs
• www.thedailybell.com, by Mike "Mish" She$100 million sounds like a lot of money but it does not go very far these days. It is less than .01% of the deficit.
Military "Cuts": Don't Believe the Hype
• http://www.thedailybell.com, by Ron PaulGrover Norquist, the influential conservative activist, recently made some very frank and sobering remarks about the US military budget
U.S. Funds Israel’s ‘Iron Dome,’ But Doesn’t (Quite) Know How It Works
• Spencer Ackerman via WIRED.comThe top U.S. military officer’s plane got damaged in Afghanistan by insurgent rockets on Tuesday morning. It’s a reminder that the U.S. military’s defense against short-range rockets remains a work in progress.
How nonprofits spend millions on elections and call it public welfare
• Pro Publica via RawStory.comMatt Brooks describes the mission of the Republican Jewish Coalition as educating the Jewish community about critical domestic and foreign policy issues.
Obama calls for making education priority
• The RawStory.comUS President Barack Obama on Saturday called on local and national lawmakers to prioritize education and stop firing teachers as a way to balance budgets.
In A Paper System, All Assets Are Backed by the Treasury Bond
• http://www.zerohedge.com, Tyler DurdenIn a gold-based monetary system, every asset is ultimately backed by gold.
Paul Ryan Begging Congress to Pass TARP
• http://www.dailypaul.com, Submitted by jPaul Ryan Begging Congress to Pass TARP
Rich Germans donated only €165,489 Euros to reduce €2.1 trillion debt
• http://www.rawstory.com, By Agence France-PresseAn appeal by Germany’s government for generous-hearted citizens to help wipe out the country’s debt has fallen short… by over two trillion euros, Der Spiegel reported Friday.
Blink! U.S. Debt Just Grew by $11 Trillion
• BloombergWhat are the numbers on the real national debt? With a projected $11 trillion fiscal gap in the past year, it looks more and more unlikely that this massive debt will ever be able to be repaid.
Govt. Money Revelations - Coast to Coast AM (Video)
• www.youtube.comFormer commodity trading advisor, Walter Burien, revealed the massive scope of government finance and investments, all funded by U.S. taxpayers, and argued for an alternative path without taxation.
Must see video: Debt Bomb, The Musical Rated PG-13
• The Political CommentatorExtremely entertaining video that puts the global financial crisis in perspective through music. The name of the song is Debt Bomb and it is supposed to be taking place at a State of the Union Address with the president accompanied by two beautiful w
Pumps Run Dry For Police And Fire Departments
• http://govtslaves.info, Rowena Lugtu-ShaddoxStockton police officers and firefighters couldn’t fill up because there was no gasoline in the pumps at their stations.
Ben Swann Reality Check: Is Congress the Real Problem with the Post Office?
• http://www.dailypaul.com, P.Au.LIs Congress the Real Problem with the Post Office?
USPS defaults on Aug. & Sept. payments for retiree benefits, claims service will not be interrupted
• www.cnbc.comThe post office had $5.5 billion in payments for future retiree health benefits due Wednesday and $5.6 billion due in September, but it will miss both payments because of cash shortages related to the rise of email, electronic bill payments and priva
Gerald Celente Will ‘Go Postal’ When He Hears About This
• http://chrisinmaryville.net/Gerald Celente fans won’t want to miss Celente’s first interview after getting word that the next head of the Bank of England could be yet another Goldman Sachs boy. In the spirit of Celente’s famous saying, “You can’t make this stuff up,” Bloombe
CBO: Repealing Obamacare would increase deficit by $109 billion
• Eric W. Dolan via The Raw Story.comRepealing all of President Barack Obama’s health care law would increase the federal budget deficit by about $109 billion from 2013 to 2022, according to the Congressional Budget Office.
Pennsylvania city workers to take mayor to court over across-the-board minimum wage salaries
• http://www.foxnews.com, By Perry ChiaramonteEmployees of a Pennsylvania city, who have all seen their salaries cut to minimum wage as the mayor grapples with budget problems, are hoping a judge restores their paychecks in full.
Florida closes only tuberculosis hospital amid worst outbreak in 20 years
• Richard Luscombe, The GuardianHealth officials in Florida hastened their closure of the nation’s only dedicated tuberculosis hospital on cost-cutting grounds as one of the worst outbreaks of the deadly disease in 20 years was taking a grip on the state, it has been revealed.
Your Military Industrial Complex at Work: 123,000 workers at risk of being laid off [Sure!]
• The New RepublicRight before Election Day, Lockheed Martin is likely to notify the “vast majority” of its 123,000 workers that they’re at risk of being laid off, said Greg Walters, the company’s vice president of legislative affairs.
Army Dumps All-Seeing Chopper Drone
• Robert Beckhusen via WIRED.comThis month, the Army planned to deploy to Afghanistan an unusual new drone: an unmanned eye-in-the-sky helicopter programmed to use high-tech cameras to monitor vast amounts of territory.
Pelosi: Obama Should Raise Debt Limit Directly, Go Around Congress
• http://govtslaves.info, Brian BeutlerHouse Minority Leader Nancy Pelosi has changed her public position on an issue that divided Democrats during the fight over raising the debt ceiling last summer.
The Next Round Of Greek Economic Data Is Going To Be 'Disgusting'
• http://www.businessinsider.com, Joe WeisenthalMNI News has an interesting flash headline this morning: GREECE FISCAL CONSOLIDATION "COMPLETELY DERAILED": EU SOURCE
Americans Are Delusionally Optimistic
• http://www.businessinsider.com, Simon BlackExactly three years ago, we launched this daily e-letter… and needless to say, it’s been eventful.
President Obama: The Biggest Government Spender In World History
• http://www.prisonplanet.com, Peter FerraraThe U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality. But that is the reality of President Obama today.
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