” PolicyMic came up with a handy infographic that shows how the U.S. spends of American taxpayer’s money: $15,700 every second.
As you can see, there’s a lot of blinking going on, but not much ado about the U.S.’ burgeoning welfare state – and the over $17 trillion in national debt that comes with it (not to mention the roughly $100 trillion in debt liabilities). “
Read more from Kyle Becker at IJR
” Senate Minority Leader Mitch McConnell (R-Ky.) predicted that GOP incumbents would “crush” insurgent Tea Party-backed candidates in primaries this year.
“ I think we are going to crush them everywhere,” McConnell told The New York Times during an interview on Saturday. “I don’t think they are going to have a single nominee anywhere in the country.”
McConnell added: “I know this: Politics doesn’t like losers. If you don’t have anything to point to, it is kind of hard to keep it going.” “
You’re right about one thing McConnell , politics doesn’t like losers … You and Boehner being perfect examples . Read more about where McConnell’s true allegiance lies here and be forewarned it is not with the people or fiscal responsibility …
” The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.
The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion in the same period, according to data compiled by Bloomberg. The jump in debt as measured by the Basel, Switzerland-based BIS in its quarterly review is almost twice the U.S.’s gross domestic product.”
But we’ve been on an austerity budget you say … think again .
” Marketable U.S. government debt outstanding has surged to a record $12 trillion, up from $4.5 trillion at the end of 2007, according to U.S. Treasury data compiled by Bloomberg. Corporate bond sales globally jumped during the period, with issuance totaling more than $21 trillion, Bloomberg data show.”
Read the whole sorry article . We are being run into the ground by the very individuals charged with solving the problem . Apparently all of the major governments of the world believe as that sage of DC Joe Biden does that :
We are systematically being turned into debtor nations with the goal of making us all subservient to the State . This is the Road to Serfdom .
While we have posted this before we thought that , with the debt ceiling having been reached again last Friday night just a few short months after the last cavalcade of Congressional hypocrisy , it would be a good time to reacquaint our readers with the insanity that governs Congress and it’s spending habits .
Uploaded on Nov 4, 2011
” The United States debt limit explained. A satirical short film taking a look at the national debt and how it applies to just one family. The watch our follow up video: Knock Knock IRS
Watch the guy from the Sprint Ads, Ferris Bueller Superbowl Spot and plays Arwin! (also in the upcoming film PAIN AND GAIN) Produced by Seth William Meier, DP/Edited by Craig Evans, 1st AC Brian Andrews, Sound Mixer Gus Salazar, Written and Directed by Brian Stepanek. Help us spread the word by clicking ads or at http://www.debtlimitusa.org.
as seen on STOSSEL on Fox Business “
” In the movie “Groundhog Day,” Bill Murray wakes up again and again to find that he is stuck in the same day. This happens multiple times a year now with Congress on the debt limit, which we just hit again on Saturday.
Depending on which party’s in power, the ones arguing for or against raising the debt ceiling will change—which makes for fun historical quotations like Obama vs. Obama on the debt limit. In our new video, you can see politicians from both sides arguing the debt limit—and vowing that they will not, absolutely not, have this same argument again next year.”
But wait , the problem gets worse …
” Just since the limit was suspended in the fall, Washington has borrowed nearly $600 billion. So what happens if lawmakers throw up their hands and abandon the debt limit for a year? Romina Boccia, Heritage’s Grover M. Hermann Fellow, warns:
The debt limit serves as an important congressional check on federal spending and borrowing. Without a debt limit, all control over borrowing decisions shifts to the Treasury secretary, who is appointed by the president. Effectively, this concentrates borrowing authority in the executive branch, and hands the president a blank check to borrow against the U.S. taxpayer.
President Obama is already threatening to disregard Congress and use executive actions to make laws. Will he have all the borrowing power, too? Does Congress do anything anymore? “
Courtesy of Heritage.org read it all .
” By promising that under no circumstances will there ever be another government shutdown, what McConnell has done is telegraph to Harry Reid that he will absolutely, under no circumstances, walk away from the table without a deal. You don’t see Reid doing that. He doesn’t care if the government shuts down, and he is certainly not going to give in to McConnell’s demands to see that it won’t.
By the way, notice how Schieffer cleverly affirms McConnell’s surrender instinct by treating him as Mr. Reasonable while wondering aloud how he will ever deal with that insane Ted Cruz or those horrible Tea Party people who are “going nuts” and threatening to primary him. This is classic. It’s how the media helped turn John McCain into mush. They pet him on the head when he’s a good little Republican who goes along with “the way things are done in this town,” and they make it clear that if he ever steps out of line like that icky Ted Cruz, he will lose their favor.
So there you have it. Democrats already know Republicans will not stand up to them again on budgetary matters, because Republicans are too afraid of the shutdown Democrats will gladly permit if that’s what it takes to get their way. There will be no spending sanity. There will be no changes to the tax code (unless it’s to raise rates, of course). There will be nothing done about ObamaCare. There will be nothing done about entitlements. Democrats refuse, and Republicans are afraid to fight.”
Mitch McConnell should be ashamed of himself . If this is all that the Republican party can offer in the way of leadership there is no reason for anyone with any concern with the financial future of this country to think that there is any difference at all between the parties . We live in a one-party country and that’s a fact .
” The least dispiriting moment of another grim week in Washington was the sight of ornery veterans tearing down the Barrycades around the war memorials on the National Mall, dragging them up the street, and dumping them outside the White House. This was, as Kevin Williamson wrote at National Review, “as excellent a gesture of the American spirit as our increasingly docile nation has seen in years.” Indeed. The wounded vet with two artificial legs balancing the Barrycade on his Segway was especially impressive. It would have been even better had these disgruntled citizens neatly lined up the Barrycades across the front of the White House and round the sides, symbolically Barrycading him in as punishment for Barrycading them out. But, in a town where an unarmed woman can be left a bullet-riddled corpse merely for driving too near His Benign Majesty’s palace and nobody seems to care, one appreciates a certain caution.
By Wednesday, however, it was business as usual. Which is to say the usual last-minute deal just ahead of the usual make-or-break deadline to resume spending as usual. There was nothing surprising about this. Everyone knew the Republicans were going to fold. Folding is what Republicans do. John Boehner and Mitch McConnell are so good at folding Obama should hire them as White House valets.”
As usual Steyn is required reading