To the Moon

The country’s national debt is now so high,  over $16.7 trillion, that if the figure was converted into $5 bills it would  stretch almost to the moon.

According to the latest available data  from  the U.S. Treasury, the total public debt outstanding is  $16,738,105,803,858.21,  while the distance between the earth and the  moon is 238,857 miles.

Since President Obama took office the figure  has increased by more than $6 trillion, the largest increase to date under any  U.S. president.

A graphic representation of how far the U.S. national debt would reach to the moon if pile up in $5 bills - 2013 vs 1981
A graphic representation of how far the U.S. national  debt would reach to the moon if pile up in $5 bills – 2013 vs 1981
 
During the eight-year presidency of George W.  Bush, the debt soared by $4.9 trillion.

On January 20, 2009, the day President Obama  took office, the debt stood  at $10.626 trillion. The latest posting reflects an  increase of over $6  trillion.

The current national debt figure is also the  highest since the end of the second world war. Every man, woman and child in the  U.S. currently owes $55,091 for their share of the U.S. public debt.

Of the $5.1 trillion dollars of debt owned by  foreign governments, nearly half is owned by China and Japan.

In 1981, President Ronald Reagan famously  said that a stack of $1,000  bills equivalent to the U.S. government’s debt  would be about 67 miles  high. In $5  bills that would only have reach 13,400 miles.

 
Obama
Bush
 Under President Obama the debt has increased more than  $6 trillion, while President Bush added $4.9 trillion

U.S. NATIONAL DEBT ALMOST  REACHES TO THE MOON: HOW IT ALL ADDS UP

  • The national debt currently stands at  $16,738,105,803,858.21
  • A dollar bill is .0043 inches in  thickness
  • $16,738,105,803,858.21 multiplied by .0043  equals 71,973,854,956.59 inches
  • 71,973,854,956.59 divided by 12 is  5,997,821,246.38 feet
  • A mile is 5,280 feet in length
  • In $1 bills the national debt would stretch  1,135,951 miles into the air
  • In $5 bills that equates to 227,190  miles
  • The Earth is 238,855 miles from the  moon
  • Difference 11,665 miles

Source: CNSNews.com

Attribution: Mail Online

Profiting From Food Stamps

by: the Common Constitutionalist

 

When one thinks of the poor in America, one might think of the welfare system, or government (section 8) housing, or maybe the Supplemental Nutrition Assistance Program (SNAP). You know, food stamps.

 

Actually, it’s been quite a while since I’ve seen anyone at the grocery store pull out a paper “food stamp”. Now it’s the EBT (Electronic Benefits Transfer) card. You’ve seen it, even if you haven’t realized. The EBT card mimics a standard credit card.

 

So that’s what may come to mind when reflecting on America’s less fortunate. It certainly wouldn’t be J.P. Morgan, Xerox or eFunds Corporation.

 

Now why in the world would anyone think of these three large corporations in relation to the poor?

 

Well, you see, the federal government pays for the food stamp program, but it does not administer it.

 

Have you ever heard the term public/private partnership? Well, this is a classic example of its real-world application. It also sounds better than what it is; crony capitalism.

 

These three corporations hold the EBT contracts for the various states. J.P. Morgan has 24 state contracts alone. In other words, the government pays J.P. Morgan as the administrator of SNAP funds in almost half the states.

 

Have you heard that dopey saying, mostly uttered by socialists and other leftists: “they’re getting rich on the backs of the poor”?

 

Logically, that’s an impossibility except in this case, where corporate executives and investors are doing just that. It’s an ingenious scam and here’s how it works.

 

J.P. Morgan wins state EBT contracts. It in turn lobbies Congress and the White House. It pays particular attention to those of the Department of Agriculture and members of Congress that oversee the department’s budget.

 

Maybe Morgan might donate money to a politician’s election or reelection campaign, similar to the almost $1 million in donated in 2008 to the Obama presidential campaign. It’s just coincidental that shortly after taking office in 2009 Obama signed the “American Recovery and Reinvestment Act”. Buried in the Bill was a 13% increase in EBT benefits and also broadened acceptance into the program. In other words, allowing many more to enroll in SNAP.

 

My guess, you like me have heard the ads promoting food stamp enrollment. As more and more unfortunate Americans are forced into the EBT program, J.P. Morgan’s profit increases and investors reap the benefits. Investors such as Obama, which has invested upwards of $1 million.

 

They are the number 3 campaign contributor to Senate Agriculture chair Debbie Stabenow.  Sen. Jay Rockefeller has invested over $50 million in J.P. Morgan.

 

Don’t get me wrong. I’m all for investment profits. Just not rigged profits. And that’s what they are. Companies like J.P. Morgan reap huge profits and increased stock value by manipulating political hacks. At the same time these political hacks reap profits by investing in the same companies they promote. That’s crony capitalism.

 

And with more and more people enrolling and the addition of the WIC (Women, Infants and Children) program into the EBT system, the circle of profits and corruption will continue unabated.

Is Fed Now Making Its Next Big Mistake?

Ben Bernanke has a message for Wall Street  and Main Street: Don’t worry, expect no big changes in Fed policy — unless the  economy changes in a major way. Don’t hold your breath.

No question, the nation’s top banker has a tough job convincing investors,  producers and lawmakers he’s doing the right thing for the economy. The problem  is, the Fed has a long track record of making big mistakes, but often doesn’t  know until years later.

And it might be making one now.

While some speak of the Fed’s “success,” holding interest rates at zero and  buying $85 billion a month in Treasuries — the Fed now owns more than $3.5  trillion in U.S. debt, up from $900 billion just a few years ago — this hasn’t  brought us a normal economic recovery.

Indeed, despite the incredible stimulus, inflation remains below the Fed’s 2%  target. GDP growth is averaging an anemic 1.7% in the past year.

All told, the economy is just 3% bigger than at the end of 2007, when the  recession began. By comparison, in a normal recovery GDP is usually up 16% or  more this far into a recovery.

Unemployment of 7.6% isn’t close to satisfactory. And since last year all of  the net U.S. jobs created have been part-time positions; it’s obvious we’re in  an unprecedented employment crisis.

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Ohio Invests In Apartheid

by: the Common Constitutionalist

 

Imagine this. You have been appointed Treasurer of an American state, a heavily populated one. One of your most important duties is looking after the states money. For most if not all states that can be millions or billions of dollars every year.

Well some of that money must be invested to achieve not only safety but growth. It’s an awesome responsibility. Invest the states money in the wrong vehicle and you could lose some or all of the investment.

States have guidelines and rules where and how such money can be invested. The state legislature normally sets the guidelines. Maybe they decide the treasurer can only place the money in historically safe and highly rated funds. They might decide the treasurer can only invest domestically or internationally with trusted allies. These rules are made so the treasurer’s don’t invest in blood diamonds or the Russian Mafia fund.

Most state treasures take this charge very seriously. Such it is with Josh Mandel, the treasurer for the state of Ohio.

By all accounts Mandel has done a pretty good job for the state. This state has earned a AAA credit rating on Ohio’s multibillion-dollar STAR investment fund. They have also achieved an upgrade in rating on their Enterprise Bond Fund. The first in a decade.

There’s only one problem. Josh Mandel is one of those dang “Jews”. And do you know what that “Jew” has been doing? He’s been investing the state of Ohio’s money in Israel Bonds!

He purchased $42 million of Israel Bonds just a few months ago. That brings Ohio’s total holding of Israel bonds to $80 million.

Some are not so pleased with his purchases. Can you guess who they might be? If you guessed radical pro-Arab Palestinian groups, you win the prize. Extra credit if you also guessed skinhead white supremacist groups.

The Palestinian groups sent off a letter to the state explaining how evil Israel is and that it is a human rights violator. The groups called Israel an Apartheid state that “humiliates Palestinian men, women and children… shames the state of Ohio and poorly reflects upon the character of its citizens”.

So investing in Israel has all of a sudden become a pox on the citizens of Ohio, despite the fact that the state has been investing in Israel bonds since 1993.

Oh, and did I forget to mention that Israel bonds have yields 3 to 4 times that of U.S. Treasuries.

Treasurer Mandel had a response to the pro-Arab letter: “In the Ohio treasurer’s office, we make decisions on what’s best for our taxpayers, not based on what radical Islamist groups want us to do.” Awesome! How many “public servants” would have the guts to say something like that? Very few.

“Unity of Nobility”, a white supremacist group simply stated that” Ohio Just Got Jewed”.

Maybe next go round Mandel can purchase shares of the Neo Nazi Trust or Hamas/Hezbollah Bond Fund with a yield of rockets and mortars.

Bill O’Reilly, the Republicans Kevorkian?

by: the Common Constitutionalist

 

So Bill O’Reilly, great defender of folks is officially on the immigration bandwagon. Hooray! Another conservative bites the dust. Although I guess that’s not accurate. O’Reilly has never described himself as a conservative. I’ll second that. He’s not. But even if he had after coming out in favor of “immigration reform” he could no longer wear that moniker.

His claim is that if Republicans don’t line up behind the RINOs (my words, not his) and support the bill, all will be lost and Hillary Clinton will waltz into the White House in 2016. Of course he mentioned nothing of the importance of the 2014 midterms.

His lecture was in response to an e-mail from one of his viewers who was against the bill and said that Congress should make no concessions. In effect they must reject the entire bill.

Well bully for you Nettie the e-mailer. I agree 100%. Bill did not agree. He said: “When Hillary Clinton is elected president in 2016, will you say the same thing, Nettie? Because that’s what’s gonna happen if the GOP does not begin to put forth smart solutions to the country’s problems.”

Well Mr. O’Reilly, I read the bill, or at least the long-winded summary and there’s not a single “smart solution” in it. Feel free to review my critique here.

At this point, as often happens, O’Reilly got on a roll. E-mailer Jim was his next victim. Foolish Jim had the temerity to suggest we merely adhere to and enforce current laws. Bill’s rebuttal: “So that means federal agents will begin forcibly rounding up millions of illegal people, entering their homes and removing men, women, and children, taking them to holding pens, where they will be awaiting deportation. Is that your vision, Jim? Because that’s what enforcing existing laws would mean.”

What an absurd statement Mr. O’Reilly. You just stated that if the government doesn’t care for a law or set of laws they just don’t have to enforce some. That is what you said, correct? Does that apply to us, or just the government? How ridiculous!

Of course now that I think of it, that’s what many administrations have done, the current being one of the worst offenders.

Whatever happened to the law is the law? There are many antidiscrimination laws on the books. If an employer won’t hire someone because he’s black or fire him for the same reason, would you be okay with that Bill? After all, the employer disagrees with the current law so why follow it.

As an aside, I would agree with the employer. It’s his business. He should be able to hire and fire whom he wants for whatever the reason.

But I’m sure Mr. O’Reilly meant that because current immigration law is “mean” it shouldn’t be enforced. I guess it’s all about being nice to the people that snuck into our country illegally.

No, actually it’s only about winning the next election. The ruination of America will be worth it to keep Hillary out of the White House.

Mr. O’Reilly, you and every other wrong thinking middle-of-the-roader will surely lose us the next election with cowardly acts like passing this bill.

O’Reilly stated: “For years I’ve called for a more secure southern border, you know that. And now it looks like the secure border is in reach. At least somewhat. So I hope this bill does become law.”

Has anyone actually read this bill? I reiterate, I’ve read what I needed of the bill and there is no more security in it! And how do you have somewhat of a secure border? Is that like being kind of pregnant?

It really sounds to me as if Republicans are so terrified of this issue they will pretend to see something that isn’t there.

And as I’ve stated before, we will not receive any more Hispanic votes due to its passage. In fact, if history repeats, as often happens, we’ll get less.

In 1980 Republicans received 38% of the Hispanic vote. In 1984 it was 37%. 1986 brought us mass amnesty. In 1988 Republicans garnered only 30% and in 1992 it was down to 29%. What a winning strategy and Bill wants a repeat.

Someone explain to me how the outcome will differ from post 1986, because I don’t see it. Putting aside the reality of the logistical and financial nightmare, politically, it’s suicide and like Jack Kevorkian, Bill is ready to assist.

Renewable Disaster

I’ll remind you; if you wish to see our future, just gaze across the pond.

It’s not the floods or any other natural disaster.

It’s a self-inflicted disaster, caused by trying to cut CO2 emissions 80% by 2050.

Even Germany is beginning to realize that it can’t continue to support renewable energy.

The accompanying chart shows that the cost of electricity is far higher in Europe than in the United States.

EU vs US costs for electricity and natural gas. From the Economist Magazine

This disparity in the cost of electricity can only get worse if Europe continues with its current low-carbon obsession. The German Association of Energy and Water (BDEW), for example, predicts that electricity prices will increase another 25%. “Thomas Vahlenkamp of McKinsey reckons that the cost of the Energiewende will double over the next decade.1

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Left Wing Writer Opposes Immigration Bill

While the U.S. Senate easily passed the immigration bill Thursday, the measure is expected to encounter resistance from GOP House members before it ever lands on President Obama’s desk in the Oval Office.

The battle shaping up looks to be fierce. But in the midst of this political fight is one voice you just don’t hear that much about:

A liberal encouraging other liberals to oppose the immigration bill.

He’s not an elected official, but a writer for the left-leaning New Republic magazine.

And T.A. Frank knows his article, Why Liberals Should Oppose the Immigration Bill: It’s about low-wage American workers, won’t garner him kudos from his political tribe:

The consensus among decent people in favor of the immigration bill making its way through Congress is so firm that expressing dissent feels a bit like taking the floor to suggest we chop down the Redwood National Park. People don’t want to hear it, and they also think you’re a nut. That makes this article one of the hardest I’ve ever had to write. It’s not that I’m afraid people will get angry; it’s that I can’t imagine anyone on my side (liberal) is open to persuasion.

Frank’s objection to the immigration bill has its roots in future concerns:

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Illegals Will Pay Their Fair Share

by: the Common Constitutionalist

 

Boy would I like to speak about something other than immigration, but it is the hot topic and it’s one of my major hot button issues. My friends don’t bring it up any longer for fear of… “Don’t get him started” 

It just really angers me that so many are feeding us such crap and asking us to believe them and trust that they will do the right thing for our country.

Take the whole “learning English” lie. All the advocates including Ryan and Rubio say learning the English language will be a requirement toward the “pathway to citizenship”. That’s a lie and they must know it.

First, it’s already part of current immigration policy and we see how well it’s being followed now. Second, they say illegals must demonstrate their knowledge of English. What will they have to do to accomplish this? Will they have to master the English language? Will they just have to demonstrate a rudimentary understanding of our language? Nope. They merely have to sign up for class. Check that. They merely have to claim that they signed up. No one is going to check.

Well, the illegals will still have to pay a fine. So how much is the fine? It must be punitive, right? Well according to the conservative sage Karl Rove, the fine will be a whopping $1000, payable over six years or about $14 a month. Whoa, step back!

If I recall, didn’t Rubio say we would build the border fence with all that fine money rolling in? 14 bucks would go a long way toward that.

But wait, as if that punitive fine wasn’t enough punishment, the illegals will have to pay back taxes. Now we’re talkin. After a decade or more “in the shadows” they’ll have to pay what we are owed. And who better to determine what they owe than the IRS.

Well, the illegals will have to pay what the IRS assesses they must according to the “Internal Revenue Code”, unless of course they just happened to be paid under the table or using a fake or stolen Social Security number. If that’s the case the IRS can’t assess or determine what they owe so I guess they just won’t have to pay anything. But remember, they still have to pay that huge fine hanging over them.

I wonder if they’ll be able to use their new EBT (food stamp) card to pay the fine? Just asking.

But despite all the nonsense, they will at least have to go to the back of the line behind those who played by the rules. Boy, I’ll bet those law-abiding rubes feel pretty foolish, eh?

Well, as Rush Limbaugh has repeatedly said, how long will it be before camera shy Chucky Schumer holds a presser pleading for the poor illegals, that in good faith came “out of the shadows” just to be saddled with debt and thrust to the back of the bus? It’s just not fair that these poor immigrants should be treated this way. They should be granted citizenship immediately.

I guarantee that speech had been written long ago, sitting in his desk, just waiting for the opportunity to trot it out. I would bet he’d be out in not more than 24 to 48 hours after the bill was signed into law.

Maybe it’s high time the liars are brought out of the shadows and into the light.