Thought's of the day

Sequestration Apocalypse NOW

 

The left is in full-fledged freak out mode over the coming sequestration apocalypse NOW. Only government would be alarmed at trimming a $3.6 trillion budget by 2% or less. It’s absolute nonsense. Could the sequester be a blessing in disguise?

Maxine Waters makes dumbest point ever, claims 170 million jobs will be lost

 

It wasn’t long ago that Nancy Pelosi claimed 500 million jobs would be lost per month if there was no government stimulus. Maxine Waters is taking a page from Skeletor’s book by claiming if no deal is made on the sequester cuts, 170 million jobs will be cut. Quite a claim considering only about 130 million people in America have jobs.

State Department’s Keystone report

The State Department released preliminary findings of a new environmental impact study surrounding the controversial Keystone XL pipeline on Friday, but made no clear recommendation as to whether the the pipeline should be held up for environmental or economic reasons. Trying to make sense of the nearly 2,000 pages of findings were fluster by one State Department official who stressed that the document “does not come out one way or the other and make a decision” about whether the U.S. should or should not go forward with the project. 

The Obama Debt Tracker

More than $6 trillion of total new national debt added in just 4.1 years.

Since President Barack Hussein Obama was inaugurated into office just over four years ago, Obama, the democrats, and a few spineless republican "leaders" in congress have increased the total combined national debt by more than six trillion dollars:



Date                   Debt Held by the Public         Intragovernmental Holdings   Total Public Debt Outstanding

01/20/2009        6,307,310,739,681.66          4,319,566,309,231.42          10,626,877,048,913.08
02/28/2013      11,822,436,182,671.08          4,864,852,997,544.29          16,687,289,180,215.37


In this time period, the debt has increased precisely $6,060,412,131,302.29, and worst of all, the overwhelming bulk of this is debt held by the public which has been borrowed from foreign governments like the communist Chinese.

This is an absolutely mind-blowing increase of over $4 billion each and every single day. Six trillion dollars is approximately $19,000 for every single man, woman, and child in the United States.

And given that true economic recovery appears to be nowhere in sight and the federal reserve continues to endlessly monetize the debt and pump countless billions into the markets via quantitative easing, it is pretty much a certainly that the next trillion dollars of debt will be accumulated before we know it.