Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Leaderboard

Popular Content

Showing content with the highest reputation on 10/04/2013 in all areas

  1. Keep, Seriously, seriously, seriously how in the world is it that YOU KNOW this?????? You speak in ABSOLUTES as if you ARE the last word!!! REALLY!
    18 points
  2. Except the UST does not hold foreign currency for investing purposes. Just small amounts for when necessary (people exchanging USD etc) All it takes is a little time and research.....reading reading reading.....you can find answers to a lot of things!! = ) And of course some of this information can be found out through people you know!! 6 degrees of separation right?? Guy I went to school with, his dad works for the UST..... Weird huh? Want a little verification? Its included in the indictments for those fraudulent BH group losers..... ___________________________________________________________________________________________________________________________________ Keep, your statement "Just small amounts for when necessary (people exchanging USD etc)" is misleading/inaccurate. The US Treasury doesn't deal directly with individuals in the exchanging of US dollars; and USD is being exchanged in conjunction with other foreign currency at the US Treasury. One doesn't just walk into the US Treasury like they would a bank to exchange currencies, of course. Keep, I've worked in banking for 27 years; and yes, it is funny what a person can find out through people we know; including the ones that I went to college with who now work in Washington and with the World Bank. I have also read and know for a fact the US Treasury does hold foreign currency. I personally would like to know what and how much is in foreign exchange fund Secretary Lew is referring too, and I know you would also. Not everything is openly reported by the Treasury and our US government. You surely don't believe that everything is transparent, do you? I'm not sure what you have read. I believe this is the article that Phoenix is referring too. I read it at CNBC...................... http://www.cnbc.com/id/101078895 The U.S. Treasury on Tuesday started using its last tools for pushing back the day when the government will run out of legal borrowing authority, Treasury Secretary Jack Lew said. Lew said his department was suspending some reinvestments of a government currency exchange fund and would also enter into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund. (Read more: 143-year-old law puts fear in officials during shutdown) He repeated that these measures would allow it to continue below its $16.7 trillion limit for a little while longer, but that by Oct. 17 the government would exhaust its borrowing authority and be left with about $30 billion in cash to pay the nation's bills. "If we have insufficient cash on hand, it would be impossible for the United States of America to meet all its obligations," Lew said in a letter to lawmakers. "For this reason, I respectfully urge Congress to act immediately to meet its responsibility by extending the nation's borrowing authority." The facts are the facts; and yes Keep, we will just agree to disagree. On a side note in reference to what Secretary Lew said, the debt swap with the Fed Financing Bank and the Civil Service Retirement/Disability Fund, with the US Treasury, should be very alarming to everyone; considering what happened in England with the retirement pension funds earlier this year being used as leverage by the Bank of England to stabilize their smothering national debt and to cover their debt obligations. What this is now telling us is the US Treasury is now taking from different government program funds to cover/hold the debt limit at $16.7 trillion; though I have to question what kind of accounting tricks are being used currently to maintain this illusion of stability. God help us, and I mean that sincerely.
    12 points
  3. What is up with all these people who have been feeding us information over the years. They are dropping off one by one and you can see they are using different means now since their times, their dates, their business is dropping off. Some of these have constantly made money selling dinars, memberships in one way or the other and others just making a name for themselves getting attention. Breitling, seem off on his game, ancient Okie has dried up, Possum seems like he went back to the bottle and then you have Delta, franks sidekick once a week he was a good one then he went on assignment abouthasn't been hard from, Frank still talking but not the same without Delta. Some of these have outlived their names and went off and renamed themselves so people would not blow them out so bad. Then there is Adam he is good, he is faithful to give a few tibits of knowledge but not like he used to. I have noticed that some of these knowledgable guru's start their messages with this quote now every week, "I am in a hurry, got meetings all day or i got to be somewhere in an hour. So why do they come before us if they don't have time for us, why don't they wait till they can spare us a little of their time...after all they wanted us to be here in the beginning. Not calling any body out here just what i have observed over the years and it is true. We are all in this together and would like nothing better than to see this RV come but in the mean time we put trust in some not all who sound like they might be in the know to share with us the info they find.....If your time is limited then find another time for us so we can restore some faith in the ones we trust.
    7 points
  4. Obamacare can be defunded without Senate approval October 2, 2013 When the House passed legislation to defundObamaCare but would keep the government running through mid-December, the Senate, led by Senate Majority Leader, Senator Harry Reid (D-NV) stated that they would not budge on Obamacare and the legislation was defeated. On Monday, Dr. Harold Pease, an expert on the United States Constitution, stated that the authority in dealing with Obamacare funding belongs to the U.S. House, not the U.S. Senate and that the House is doing this all wrong. Pease said, “Everything hinged upon funding which was given exclusively to the House of Representatives, the only power that they alone had.” Pease went on to say, “All bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills. To fund anything, in this case Obamacare, first approval is required by the House of Representatives.” “If that does not happen taxpayer money cannot be spent. The people, through their representatives to Congress, have determined, after a three-year closer scrutiny of The Patient Protection and Affordable Care Act (Obamacare), that it does not protect the patient, is not affordable and is not even workable; hence in the interests of the vast majority of the people needs to be defunded.” When the United States Supreme Court ruled on Obamacare in 2012, Chief Justice Roberts stance on Obamacare coincides with the intent of the U.S. Constitution, explained by Pease, and the powers between the House and Senate. According to the U.S. Supreme Court ruling, Obamacare cannot be implemented and is not considered the law of the land, contrary to Democrat claims. Bubba Atkinson of the Independent Journal Review wrote, “Chief Justice Roberts actually ruled the mandate, relative to the commerce clause, was unconstitutional. That is how the Democrats got Obama-care going in the first place. This is critical. His ruling means Congress can’t compel American citizens to purchase anything, ever. The notion is now officially and forever, unconstitutional. As it should be.” “Next, he stated that, because Congress doesn’t have the ability to mandate, it must, to fund Obama-care, rely on its power to tax. Therefore, the mechanism that funds Obama-care is a tax,” said Atkinson. “He struck down as unconstitutional, the Obama-care idea that the federal government can bully states into complying by yanking their existing medicaid funding. Liberals, through Obama-care, basically said to the states — “comply with Obama-care or we will stop existing funding.” Roberts ruled that is a no-no.” When the House attached Obamacare to the legislation in funding the government, it made a mistake in doing so and the funding of Obamacare should have been separate, thereby giving the Senate no power in denying the Houses’ request to defund Obamacare. Pease said, “House opposition to funding Obamacare would have been far more powerful if made a “stand alone” bill not attached to general funding, but it is not. “Stand alone,” having no other parts, would have left the Senate no wiggle or compromise room once it went to them, nor would there be for the Joint Conference Committee thereafter that reconciles any differences between the two houses. There would be nothing to reconcile, Obamacare is merely defunded.” “Still, the intent of the Founding Fathers was to give the people, through their House of Representatives, the power collectively to say no to any proposed federal tax, which she is decidedly doing.” [Edited for clarity] If Obamacare is removed from the government budget, presented, and voted on as a separate bill, Obamacare can be defunded by the House. If that is the case, then the Senate and the President can vote yes or no and if the vote is no, then the Obamacare bill can sit in the House with no funding.
    7 points
  5. CNN. We Report - U Retort ! 10-2-2013 Newshound Guru Enorrste Article quote: "raise the value of the dinar against the dollar gradually down to the day to start replacement" This just says it so clearly…There is a process here, starting at 1166 to 1 and then "gradually" the value will rise to about a dollar. THEN the project to remove the three zeros will begin, and not before. Clearly this is the only way it can happen. You can't remove the zeros and replace them with small denom notes UNTIL the value gets to about a dollar. 10-3-2013 Newshound Guru Phoe-nix 3333 [via sunny] "Lew said his department was suspending some reinvestments of a government currency exchange fund and would also enter into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund” This is a HUGE "pre-RV" indicator in my opinion! I did not know that they did not have access to the foreign currency reserves in the US and because of this move by Obama any windfall from the Iraqi Dinar revaluation can now be used by the US government where as before yesterday...it was not possible. 10-3-2013 Newshound Guru Phoe-nix 3333 Ok...as of 2 days ago, prior to this change of how the US foreign currency reserves are handled any major change of value of the Iraqi dinar would have done little to help the US government out of the current budgetary crisis but NOW that they have made this change of operational protocol the United States Treasury can now use the foreign currency reserves as operational funds by converting the value to instruments of liquidity to be used for what they deem necessary.
    7 points
  6. You didn't know mr keep works for the treasury? His cover is a dealership mechanic. Under cover T-Man. So Says...........DayTrader
    7 points
  7. Hello There fellow Dinarians. Has anyone seen this before? Just got it off the Iraqi Ministry of Planning. It states our IQD could support a buck plus right now. Hope it aiint old. The Exchange Rate of Foreign Currency in Economic Feasibility Studies Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars. Estimate the shadow price of foreign currency: It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine. The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs. * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished: Export-outputs. Outputs marketed locally that substitute imports. Imported inputs. Inputs produced locally that usually go to exports. Foreign labor. According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules. In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency .... etc.). In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc. The justifications to call for the use of an exchange rate that is lower than the official exchange rate are: The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production. The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs. The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods. The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities. This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of. And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
    6 points
  8. Well I must recuse myself everyone, Mr Keepm "knows someones dad " and thats the rest of the story................ Hooray/ hooray the dinar mystery is finally solved!
    6 points
  9. BS The libtards and their messiah won't even show up to meet with the GOP wake up bud. Simple case of "Taking MY football and going home" O is PO'd because he knows nobody wants his BS healthcare fiasco, so now he's throwing a tantrum like a spoiled child and his goons are following right in step. Then HE wants to raise the limit on the credit card again, now tell me something. If you can't pay your credit card bill, does it make more sense to make cut backs in your budget or increase your credit limit? ........................ Ya that's what I thought too. Oh wait a minute senator O was crying about how having to raise the limit being irresponsible and absurd, now pres O has got the credit card and wants to up his limit over and over again......................oops I better stop now or someone will call me a racist how dare I disagree with him. Thanks for the post RR!
    5 points
  10. Interesting comment there dw... Childhood???? Have we met? Didnt think so. Keep IS interesting in his own way... and I allong with others have heard the lop argument to a fault. However it is not unusual that keep is condescending and sharp tongued in many of his replies. This dinar ride is very unpleasant to say the least but combine that with rude and sarcastic comments it does tend to aggravate and annoy. Gotta run now its recess time !!! Yay !!!
    5 points
  11. i will only answer to raleighwood from this moment forward
    5 points
  12. Thanks for the post RV! I don't much like Obama, and his cronies, but I really don't think Obama has a darned thing to do with this. He probably has his fingers in a lot of things he doesn't understand, but I feel this is just about what Iraq wants!! JMHO Go RV or RI Soon!!!
    5 points
  13. He sells a product/products and people purchase............sounds like free enterprize. Don't like, don't buy or listen/read. No guns have been reported held to folks heads that i'm aware of. Again the biggest complainers are the ones that feel deceived................if you feel that way move on life is way to short, it ain't the first and most likely won't be the last.
    5 points
  14. I don't normally get too involved in the conflicts here at DV, but I really respect Easy, and in someways, after all the years, this problem occasionally comes up. People know that this is a rumors section, and come here, and complain about the posts. Most of us, that have been here a while, either don't hang out here, except for entertainment purposes, or go over to the news section, which is very strict on being an actual piece of news. Funny thing there is, that the Iraqi media are just about as bad at putting out some fictious stuff, as people like Oakie, Frank, or Tony, so I guess maybe in this investment, take everything with a grain of salt! Anyway, you have options of where you want to be, either here on this site, or on another site, you feel is better suited for you. Easy is a great guy, and I think if you hang around here for very long, you will see that. Good Luck, and I hope you make the decision, that is best for you. Go RV or RI Soon!!!
    4 points
  15. Rumors pay the bills.....
    4 points
  16. 2034 HR 3590 EAS/PP 1 Senate should reject any procedural maneuver that 2 would raise taxes on middle class families, such as a 3 motion to commit the pending legislation to the Com- 4 mittee on Finance, which is designed to kill legisla- 5 tion that provides tax cuts for American workers and 6 families, including the affordability tax credit and 7 the small business tax credit. 8 (f) EFFECTIVE DATE.—The amendments made by sub- 9 sections (a) through (d) of this section shall apply to 10 amounts paid or incurred after December 31, 2008, in tax- 11 able years beginning after such date. 12 TITLE X—STRENGTHENING 13 QUALITY, AFFORDABLE 14 HEALTH CARE FOR ALL AMER- 15 ICANS 16 Subtitle A—Provisions Relating to 17 Title I 18 SEC. 10101. AMENDMENTS TO SUBTITLE A. 19 (a) Section 2711 of the Public Health Service Act, as 20 added by section 1001(5) of this Act, is amended to read 21 as follows: 22 ‘‘SEC. 2711. NO LIFETIME OR ANNUAL LIMITS. 23 ‘‘(a) PROHIBITION.— This is the text of page 2034 of the ACA Line 1 & 2 places Reid in violation of the act for not sending the House CR to the president for his signature. http://www.hhs.gov/healthcare/rights/law/index.html
    4 points
  17. Thanks. I had to lay my wife to rest. Been gone for a month. I only wished she lived long enough to benifit from the RV.
    4 points
  18. This site is really becoming irrelevant. I'm trying to hang in on here because there are some really good people on this site with sincere, concerned hearts and motives. However....if the admins continue to let this stuff be posted then I'm afraid it'll become like most of the other sites (if it hasn't already) which are irrelevant. It's just sad.....
    4 points
  19. Truckers from across nation driving to D.C. in support of Constitution POSTED: Tuesday, October 1, 2013 - 1:55pm UPDATED: Wednesday, October 2, 2013 - 11:45pm TYLER, TEXAS (KETK) — A group of truckers from across the United States is organzing a rally to head to Washington, D.C., in support of the United States Constitution. According to the group's website, Ridefortheconstitution.org, they are encouraging all bikers, cars, pickups, tractors and RV's to join in the rally. The truckers say they are 100 percent fed up with the disregard ofthe supreme law of this land, the Constitution. The drivers are calling on a "Massive National Peaceful Disobedient March," stating they will come in peace but they are determined. If you are interested in actively participting in the rally, the group has many ways you can support the movement: Show up Friday morning, October 11, at the United State Capitol on Constitution Street, before the convoy gets there with signs concerning the Constitution or in support of the ride. Bring American flags and show your patriotism. If some want to bring the Ten Commandments to remind others of God’s laws, feel free to do so. All Truckers, motorcycles, cars, pickup trucks, tractors and RV’s that want to participate in this ride will meet at the All-American Truck Plaza off I-95, exit 98 across from amusement park. Most will show up October 10. The event will start at 7:00 a.m., October 11. Please dress your ride up with constitutional related signs and/or American flags. Some people want to quote the Ten Commandments and we welcome you to do whatever the spirit moves you to do. Also people with Ham radios and Hand Held CB’s will be needed for communication. All bikers are directed to Belinda Bee athttps://www.facebook.com/ThaQueenCity. All truckers in this RIDE are directed to Earl Conlon at huggyboo2u@hotmail.com orhttps://www.facebook.com/ridefortheconstitution. If you would like to participate in the overpasses to cheer on our constitutional riders, please join your state group to get the information of where they will be. The group will say closed, but join because most will say that. After joining the page, it will open to you at http://overpassesforamerica.com/?page_id=39. If you would like to rally to your nearest rest area, Brett Backman with The Modern American Revolution, said he would work the rest areas and the overpasses in this event. If you want to start a rally in your area at a rest area please let them know, and they will post it at https://www.facebook.com/ModernRevolution. Trucker, Earl Conlon, is calling on all truckers in their state capitols to rally at their capitols to show support. The group understands not everybody can afford the fuel to make the D.C. ride, but this is a united effort. Drivers that are working are asked to please, at least, fly a flag and ride in convoy formation while on the interstate. Their will be local TV from coast to coast filming this solidarity ride and event. The group is accepting donations for fuel at http://www.donatetruckfuel.com/ and also selling merchandise athttp://www.cafepress.com/truckerstoshutdownamerica. Please contact Virgelyn Miller, who is in charge of the feeding stations for the rally at http://www.youcaring.com/ and also Stephanie King atstephanieking366@gmail.com. Fred’s Restaurant in Wheelersburg, Ohio, will be supporting the "Truckers Ride for the Constitution." Truckers traveling to D.C., October 11,12 and 13, can stop by and receive a free personal pan pizza, chips and a 20 ounce drink. You can access their site at https://www.facebook.com/pages/Freds-Restaurant.
    4 points
  20. You are a newbie here and you will eventually learn how this site is runned....
    4 points
  21. Iran, Iraq Sign Oil and Gas Drilling Pact Posted on 04 October 2013. By John Lee. The National Iranian Drilling Company (NIDC) has signed an agreement with the Iraqi Drilling Company under which Iran will provide personnel training and supervision of Iraqi drilling operations. According to a report from Iran’s PressTV, the agreement was signed by NIDC Managing Director Hamid-Reza Golpayegani and Deputy Director-General of the Iraqi Drilling Company Mohammed Ahmed Rubaie in the Iranian city of Ahwaz. Golpayegani said: “The drilling industry is one of the main pillars of producing oil and gas and plays a major role in discovering, developing and exploiting oil fields.” (Source: PressTV) http://www.iraq-businessnews.com/2013/10/04/iran-iraq-sign-oil-and-gas-drilling-pact/
    4 points
  22. I've never understood this "acceptance" by the citizenry, and by Congress, of attaching so much "pork" and special-interest funding to certain primary bills. Because of lobbying, and the mistaken sense of "efficiency" by "bundling"... this convolution just makes clarity impossible. I call it lazy politics! Congress needs to work harder and later... if it takes 100 bills, instead of one, so be it! I believe all bills should be stand-alone. How about a bill to force all bills to be stand-alone?!!!
    4 points
  23. Good call PD46. Been in finance at a high level for over 20 years and your spot on with interpretation. As for detractors always remember is better to be thought a fool than open your mouth and remove all doubt. +1 Thx.
    4 points
  24. DEAR GOD WHEN WILL IT ALL EEEENNNNNNDDDD!!!!!! DEAR GOD WHEN WILL IT ALL EEEENNNNNNDDDD!!!!!!
    4 points
  25. And what do you have to back up what your saying. I haven't listened to him in a long time but I did email him a question once and he did read it word for word. So your words on this site to me have very little meaning now that I know you don't what your talking about. Thanks. One less to pay attention to.
    4 points
  26. Did you see all the GUNS on scene to help protect these Government Crooks!! hmmmmmmmm!!! But the want our guns that we need to protect our families!!
    4 points
  27. interesting they just passed that law yesterday about currency exchange swap. I think we are close. Thanks Thug.
    4 points
  28. http :// www .mop . gov .iq /mop this is the website base address which I got directly from the link NYK posted. See the "iq" in the address, it's an official Iraqi govt website..now about the age of this, I have no idea.
    3 points
  29. Not looking for sympathy easy. Never was. I'm also quite certain that Adam (who I respect) is quite capable of speaking for himself. However I'm glad you have appointed yourself as his advocate and counter of our posts. You're doing a fantastic job so hang in there.
    3 points
  30. Well thank you easyrider for you nice reply! I wasn't aware that the number of posts that we made were what allowed us to be able to voice an opinion or not. So thank you as well for monitoring the amount of posts and letting us all know our position on your great scale. Also you might not be correct in your assessment of whether or not anyone cares if I'm here or not. I have recently noticed several others responding to posts that they too would prefer the lies labeled as rumors by the same posters not be allowed as well. But again....thank you for your very kind response, as well as your position as the great and powerful watcher of the amount of posts that people post. Have a wonderful day!
    3 points
  31. I know no one knows the date or the rates but what i am talking about is this, take Adam for instance "He always starts his chats with haven't got much time so lets get right into it. Honestly it has been a very long time since he was able to start a chat with us without being in a hurry. He and others have ways or at least they say they do for news coming out of Iraq...I don't think you or i would have those same means for good news......we all want to have our minds updated on the latest. I am sure Adam and others have become important people now that they have evolved from this but it would be nice for all of them to remember how they got there and if wed is not good to spend a little time with us then move the chat to another time. VIP or not we all supported his site in one way or the other. JMO Heavyduty053
    3 points
  32. BUDGETS DONT NEED TO BE PASSED . HAHAHAH ARE YOU KIDDING These continuing resolutions are what got us in to this mess. This isnt how the GOVT is suppose to work for crying out loud. This isnt normal procedure . This is a GOVT that`s completely out of control with its spending. Tuesday, January 24, will mark the 1,000th day since the U.S. Senate has passed a budget—an egregious dereliction of duty on Senate Majority Leader Harry Reid’s (D–NV) watch. By enacting continuing resolution upon continuing resolution (short-term measures to keep the government running, spending money at the current rate), the Senate has taken a pass on leading, all to the detriment of the poor and middle class. The budget process forces Congress to set priorities to protect the people’s money and put it to its appropriate use. Instead, the Democrat-controlled Senate has abdicated its responsibility. The result? The deficit is soaring, causing a looming tax burden and injecting uncertainty into the economy, leaving jobs and economic growth on the table. It’s no wonder the U.S. economy’s growth is so tepid. As the 1,000th day nears, here are some facts about America’s budget and why the Senate must take action to be stewards of the people’s money as the Constitution requires: The last time the Senate passed a budget was on April 29, 2009. Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt. As of January 20, the outstanding public debt stands at $15,240,174,635,409. Interest payments on the debt are now more than $200 billion per year. President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.) The Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it. In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation). Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security. Total spending on federal health care programs will triple. By 2050, the national debt is set to hit 344 percent of Gross Domestic Product. Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels. Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase. Despite all of these blatant red flags, the Senate has utterly failed to execute the most basic, fundamental function of governance at the worst possible time—when the country’s fiscal house is in disarray, the U.S. credit rating is in continual jeopardy, entitlement spending is ballooning, defense spending is on the chopping block, and the economy is in shambles. One thousand days without a budget is an embarrassing number, but the level of spending, deficits, and taxation that results from the Senate’s failure to exact even a modicum of fiscal discipline is terrifying. Senator Reid has said it would be “foolish” to pass a budget, but failing to pass it is proving to be beyond irresponsible. The middle class will be left holding the bag, paying for the Senate’s reckless negligence with soaring deficits, higher taxes, and a weak economy as far as the eye can see.
    3 points
  33. The guy is amazing, isn't he? He has deep contacts in the negotiations between Iraq, US and China....and the first thing they do when they get out of this "meeting" is call loser Tony??? He did later add the amount of information was "mind boggling". Tony, a mind is a terrible thing to waste...if you HAD one. I've tried many times to add logic to his posts at Recr@ps but they won't post mine, as I'm not on board with the group thinking that Tony is the "second coming" of a dinar messiah.
    3 points
  34. Doesn't everyone realize by now that Keepm makes everything up. He cant back anything with facts. He thinks hes so intelligent. Its obvious he doesn't know anything. Why hes still here and why he hasn't been banned from this site is still beyond me...
    3 points
  35. so now...............obama is going to spend all the IQD too
    3 points


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.