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american-12-zeros
07-24-2011, 05:22 PM
In 2007, when the economy was still doing fine, The Federal Govt took in $2,568 TRILLION in revenue and we spent $2,629 Trillion for a deficit of $161 Trillion.

Now a mere 4 years later, we are spending $3.7 TRILLION while taking in only $2.1 trillion. For a deficit of $1.6 Trillion. OR 10 times the deficit of FOUR YEARS AGO. Who knew that Bush would be "the good old days?" Revenue is down because the economy is down. spending is up because we have a Socialist, Giant Government believing president in the White House and a Democratic Congress that loves to spend other peoples money. Now the face of Congress is changing. If the government would get out of the way of business and SHOW business that the government wants them to do well. Mainly by reducing regulations on business and taxes on business since the taxes in the USA between Federal and States are the highest of any nation in the world. Then business could and would begin to expand. And TAXES on the rich and everyone else were exactly the same in 2007 as they were in 2010. Now since obama and the Democrats extended and increased to tax cuts, taxes are lower NOW than they were in Bush's time. Individual taxes, not business taxes.

So if we could get spending back to where it was in 2007 and get revenue just $200 billion above where it was in 2007, we would HAVE a balanced budget.

USA needs to cut $16 Trillion over 10 years to balance the budget. Is this true?

That comes to $1.6 Trillion every year. How many jobs will be lost in USA?

$4 trillion over 10 years is a joke. The best way to save jobs is to reduced the salaries of high paid employees by 50%.

Salaries of government people such as federal reserve and bankers should be reduced by 90%.

USA cannot spend more money unless debts have been repaid or replaced by real money.

This means every year there will be $1.6 Trillion less spending from USA. Reduce pay, reduce benefits, and reduce retirement plans and job loss means less income for USA people. Less income means less sales and less profits for private and public sector companies.

So there will be job-loss in private sectors and public sectors.

How will companies pay taxes when there is less profits or no profits?

How will people pay taxes when there is reduction is salaries/wages and job-loss?

Basically Tax collection for USA government will fall to its lowest level. Thanks to who?

Withdraw and take back presidential plane Air force one and 412 limousines from Obama and his clowns.

Withdraw USA army from Afghanistan immediately and end the war.

Everybody is welcome to post their suggestions here to save USA jobs and cut $16 Trillion to balance the budget.

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House Republican budget negotiators have abandoned plans to pursue a massive $4 trillion, 10-year deficit reduction package in the face of stiff Republican opposition to any plan that would increase taxes as part of the deal.

House Speaker John Boehner informed President Barack Obama on Saturday that a smaller agreement of about $2 trillion was more realistic.

http://www.msnbc.msn.com/id/43695394/ns/politics-white_house/

U.S. Debt Actually $200 Trillion?

"The Government is lying about the amount of debt. It is engaging in Enron accounting," said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America's Economic Future.

Mr Kotlikoff says the debt is actually $200 Trillion.

Mr Moylan says the number is likely about $60 Trillion.

"The problem is we're seeing an explosion in spending," added Andrew Moylan, director of government affairs for the National Taxpayers Union.

In 1980, the debt - the accumulated red ink incurred by the Federal Government - was $US909 billion

THE actual figure of the US' national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post.

http://www.blacklistednews.com/?news_id=10626

Danke
07-24-2011, 05:32 PM
Wait, I know who you are.

american-12-zeros
07-24-2011, 05:38 PM
The German Mark plummeting from 4.2 per US Dollar to 1 MILLION?

Take a close look to how long it took for the Mark to devalue to that level as well: less than 1 year.

Know your history:

Since striking workers were paid benefits by the state, much additional currency was printed, fueling a period of hyperinflation. The 1920s German inflation started when Germany had no goods with which to trade. The government printed money to deal with the crisis; this allowed Germany to pay war loans and reparations with worthless marks, and helped formerly great industrialists to pay back their own loans. This also led to pay raises for workers and for businessmen who wanted to profit from it. Circulation of money rocketed, and soon the Germans discovered their money was worthless. The value of the Papiermark had declined from 4.2 per US dollar at the outbreak of World War I to 1 million per dollar by August 1923. This led to further criticism of the Republic. On 15 November 1923, a new currency, the Rentenmark, was introduced at the rate of 1 trillion (1,000,000,000,000) Papiermark for one Rentenmark, an action known as a monetary reset. At that time, one U.S. dollar was equal to 4.2 Rentenmark. Reparation payments resumed, and the Ruhr was returned to Germany under the Locarno Pact, which defined a border between Germany, France and Belgium.n payments resumed, and the Ruhr was returned to Germany under the Locarno Pact, which defined a border between Germany, France and Belgium.

By 1923, the Republic claimed it could no longer afford the reparations payments required by the Versailles Treaty, and the government defaulted on some payments. In response, French and Belgian troops occupied the Ruhr region, Germany's most productive industrial region at the time, taking control of most mining and manufacturing companies in January 1923. Strikes were called, and passive resistance was encouraged. These strikes lasted eight months, further damaging the economy and increasing the expense of imports. The strike prevented goods from being produced. This infuriated the French, who began to kill and exile protestors in the region.

http://en.wikipedia.org/wiki/Weimar_Republic

Ever wonder what's to come if we default on our loans? The world has seen this before and it ended VERY badly, to the tune of hundreds of millions of lives around the world. pay particular attention to the orange highlights.

Now... how many people see very distinct similarities to the Brackets' administration and the Fed's action and the pre-nazi german Weimar Republic?

This is what we're facing folks. It can happen to us, and you will see the end of the US Dollar, and the rise of totalitarian trends much like we saw in Germany in the 20's and 30's.

This is not a fantasy, nor theoretical. It's now only a question of WHEN it will occur, not if. And hopefully, it will happen while those who are to blame are still in power so they will catch it square in the teeth.

american-12-zeros
07-24-2011, 05:50 PM
412 Limousines under Obama administration

Federal limo fleet increased by 73% under Obama administration

The number of limousines owned by the U.S. government increased by 73 percent during the first two years of the Obama administration, according to a new report by iWatch news.

An analysis of General Services Administration data reveals the federal fleet has increased from 238 limos in 2008---the last year of the Bush Administration--- to 412 limos in 2010. Much of the increase was recorded in the State Department under Hillary Clinton.

For its part, the Obama administration said the increased number of limousines in the federal fleet reflects "an enhanced effort to protect diplomats and other government officials in a dangerous world."

Just last week, President Obama issued a directive stating that by 2015 all vehicles purchased by the government must be "alternative fuel vehicles" such as hybrids and electric cars.

http://www.cbsnews.com/8301-31727_162-20067610-10391695.html

Last year (2010) Obama flew in Air Force One 172 times, almost every other day.

White House officials have been telling reporters in recent days that the Democrat doesn't intend to hang around the White House quite so much in 2011. They explain he wants to get out more around the country because, as everyone knows, that midterm election shellacking on Nov. 2 had nothing to do with his health care bill, over-spending or other policies, and everything to do with Obama's not adequately explaining himself to his countrymen and women.

And with only 673 days remaining in Obama's never ending presidential campaign, the incumbent's travel pace will not likely slacken.

At an Air Force-estimated cost of $181,757 per flight HOUR (not to mention the additional travel costs of Marine One, Secret Service, logistics and local police overtime), that's a lot of frequent flier dollars going into Obama's carbon footprint.

We are privy to some of these numbers thanks to CBS' Mark Knoller, a bearded national treasure trove of presidential stats. According to Knoller's copious notes, during the last year, Obama made 65 domestic trips over 104 days, and six trips to eight countries over 22 days. Not counting six vacation trips over 32 days.

He took 196 helicopter trips, signed 203 pieces of legislation and squeezed in 29 rounds of left-handed golf.

Obama last year gave 491 speeches, remarks or statements. That's more talking than goes on in some entire families, at least from fatherly mouths.

In fact, even including the 24 days of 2010 that we never saw Obama in public, his speaking works out to about one official utterance every 11 waking hours. Aides indicate the "Real Good Talker" believes we need more.

Related: Obama spends nearly half his presidency outside Washington , plans to travel more

Related: Vacationer-in-Chief Spends $1.75 Million to Visit Hawaiian Chums

Obama has spent over $100 million taxpayer dollars flying around in Air Force One, and probably another $100 million on his entourage. Obama is just another tin-pot dictator living lavishly at the expense of his subjects.

And we seniors have to "tighten our belts" because we aren't getting a COLA again this year... and none last year!

THANKS TO ALL WHO HELPED PUT THIS GREEDY WINDBAG IN OFFICE!!BE MORE CAREFUL NEXT TIME!!