HOLY SH*T: U.S. National Debt Has Officially Hit $18 Trillion
• http://www.thedailysheeple.com, Melissa MeltonAccording to the U.S. National Debt Clock, America's debt has now officially hit $18 trillion.
Contents Pages by Subject
Government Debt & Financing
Bail Ins and Empty Pockets
• http://jonathanturley.org, by rafflawThe Banksters are at it again.
America's Cluster Bomb Congress - by James Bovard
• James BovardThe IRS is seizing both federal and state tax refunds for individuals whom the Social Security Administration accuses of having received excessive benefits years ago often with zero evidence of the overpayments,
It's All Coming To An End, Bill Gross Warns
• http://www.zerohedge.com, by Tyler DurdenSay what you want about Bill Gross, but the legendary bond investor is absolutely spot on in the following paragraph from his latest, December, investment outlook:
5 Complete Lies About America's New $18 Trillion Debt Level
• http://www.zerohedge.com-Tyler DurdenOn October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt.
Ponzi: Treasury Issues $1T in New Debt in 8 Weeks--To Pay Old Debt
• CNS NewsEvery week we roll over $100 billion in US bills, Lew told the committee. If US bondholders decided they wanted to be repaid rather than continuing to roll over their investments, we could unexpectedly dissipate our entire cash balance....
Behind Closed Doors, Government Officials Make Shocking Comments About Civil Forfeiture
• .Without even needing to charge someone with a crime, law enforcement can seize and keep cash, cars and even homes. Now IJ uncovered recordings of government officials making unsettling comments about this power.
Town Mistakenly Posts Signs Threatening $250 Fines ... Is Only $25 ... So Change To $250
• Jonathan TurleyThe government put up new signs around town threatening $250 fines for dog waste violations, but received complaints the law actually sets the fine at $25. No problem, the town changes the law to match the signs.
USA – Is It time to turn off the lights?
• http://armstrongeconomics.com-Martin ArmstrongWe have a very serious problem with taxation. Only the United States and Japan regards its citizens as state property.
The Failure of Counterinsurgency: Afghanistan
• http://www.huffingtonpost.com-Ivan ElandThe current power-sharing government among factions in Afghanistan will likely be as successful the one in Iraq during the Nouri al-Maliki period: not very.
DC Police Department Budgets Its Asset Forfeiture Proceeds Years In Advance
• tech dirtAsset forfeiture may be the greatest scam perpetuated on the American people by their government -- and it's all legal. For the most part, assets seized translate directly to monetary or physical gains for the agencies doing the seizing,
Guest Post: Why Monetizing Debt Could End In Revolutions
• http://www.zerohedge.comMuch has been made of the decision by the Japanese government to inject another $700 billion into their ailing economy. While some may see this as an earnest attempt to save Japan from further stagnation and deflation, even some of the mainstream med
Student Debt By Major: What Not To Study To Avoid A Lifetime Of Debt Slavery
• http://www.zerohedge.comAs recently reported by the Project On Student Debt, 7 in 10 seniors who graduated from public and nonprofit colleges in 2013 had student loans, with an average debt load of $28,400 per borrower. This represents a two percent increase from the averag
The Federal Reserve Embezzles $4 Billion from the U.S. Government--Daily - by Olde Reb
• L. Neil Smith's The Libertarian EnterpriseA popular concept is the government will "borrow" from the Federal Reserve for deficit spending. This involves giving a Treasury security (bill, bond, or note) to the Fed as collateral and the Federal Reserve Bank of New York will credit
30,000 missing emails from IRS' Lerner recovered
• http://www.washingtonexaminer.comUp to 30,000 missing emails sent by former Internal Revenue Service official Lois Lerner have been recovered by the IRS inspector general, five months after they were deemed lost forever.
Cops To Become Judge, Jury & Extortioner
• InfowarsThe latest erosion of due process has just been proposed in Texas -- allowing the police to charge you with a crime and then charge your credit card on the spot.
Gov't board: Like a drone, your RC aircraft is regulated by law, so pay up
• ars technicaA National Transportation Safety Board (NTSB) panel reversed a decision made by an NTSB law judge, finding a man's remote-controlled model plane was indeed an aircraft. Raphael Pirker must pay the $10,000 fine
Political Relativity and the Infinite Cynicism of Prohibitionists
• by William N. Grigg (Lew Rockwell blog)Last June, Boise, Idaho resident William James Esbensen, who operated a medical marijuana co-op in Ontario, Oregon, was found guilty of receiving "proceeds" from marijuana sales, under a law that was no longer in effect.
Report: State budgets fudge numbers to hide massive debt
• FOX NewsAmerica's red ink runs much deeper than you think. Aside from the nearly $18 trillion national debt, many state governments are looking at future budgets that are trillions of dollars in the red. And they've hidden the numbers by
Here's How the Government Is Wasting Your Tax Dollars
• Reason MagazineDuring the past year, Washington has shelled out billions to give bureaucrats paid vacations in lieu of discipline; to ship coal to Germany for no reason; to design better golf clubs; and to give bunny rabbits massages, among many other things.
"Taxation Must Go Global," Says German Finance Minister
• Prison PlanetIn one of the bluntest statements on the topic by any globalist thus far, controversial German Finance Minister Wolfgang Schäuble openly called for "global standards" and "global governance" in taxation to ensure that governments can continu
It Will Take 6.25 BILLION "Man Years" To Pay Off Federal Government Liabilities:..
• shtfplan.comWe often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion.
It Will Take 6.25 BILLION "Man Years" To Pay Off Federal Government Liabilities
• .Puts a different spin on it, huh? Now, you really want your mind blown? Do that same calculation with the debt (now $18 trillion). Now do it with the unfunded liabilities of the FEDGOV (conservatively $250 trillion).
Ohio Speed Traps Continue To Thrive Under Mayors Courts
• The NewspaperIn 310 small towns statewide, the mayor or someone he designates decides guilt or innocence of the accused driver, collects the fine and decides how to spend the revenue.
Why the Feds Won't Confiscate Your Retirement Plan… But They Will Do This
Mark NestmannOver the last few weeks, I've had close to 30 consultations with Nestmann Group clients. And one of their top concerns is that Barack Obama or some future US president will find a way to confiscate the money in their IRAs or 401(k) plans...It's n
Detroit man fights $30k child support bill for kid that is not his
• ABC NewsThe State of Michigan is ordering a Detroit man to pay tens of thousands of dollars, or go to prison. The reason? He owes back child support for a child that everyone agrees is not his.
New Hampshire Supreme Court Takes Up Meter Feeding
• The NewspaperOfficials in the city of Keene, New Hampshire are irate that a band of residents calling themselves Robin Hood of Keene have been feeding the parking meters to prevent the issuance of parking tickets. The Robin Hood group documents
It Will Take 398,879,561 Years To Pay Off The US Government's Debt
• zero hedgeThe Social Security Administration says the average yearly salary stands at $44,888.16. The current debt level of over $17.9 trillion would thus take more than 398 million years of working at the average wage to pay off.
Governments Need Inflation, Economies Don't
• http://www.lewrockwell.comIn an article in the UK's Telegraph on October 10, veteran economic correspondent Ambrose Evans-Pritchard laid bare the essential truth of the nearly universal current embrace of inflation as an economic panacea.
New data shows it will take 398,879,561 years to pay off the debt
• sovereignman.comThe US government's debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion.
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