Obama cash

NOTE: Remember folks, GOP RINOS (including Paul ryan) have involved themselves in enabling this profligate spender (and GWBush before him) to balloon the debt. It’s not just 20 trillion, it’s actually 220 trillion when unfunded liabilities are added up.

$20 trillion man: National debt nearly doubles during Obama presidency

– The Washington Times – Sunday, November 1, 2015

When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man.

Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.

More here.

Obama Doc is in


Alternative headline: Indigenous natives fool liberal ‘whities’ into building them a whole new town.

And the Finns get to suck in more US taxpayer money as well, just like in the Fiskars car fiasco.

So how much of this fraud is going to be subsidized by the US taxpayer?

The Quileute tribe of La Push, Washington holds a ritual each year, where every woman, man and child in the reservation summons local whales, dolphins, sharks, seals and other marine species to the community’s beach by playing drums. The tribe’s chief then wades among the animals and interprets the sounds they make.


“According to the tribe, the operation must be completed by 2017, before the tsunami arrives,” says Harris.

NOTE: So in two years when this cataclysmic event fails to materialize, will these natives be paying back what they stole from taxpaying US citizens? Yet another Obama sanctioned boondoggle.

Aalto University helps Native Americans relocate after whales warn of impending tsunami

A rare Native American tribe from the Pacific Northwest says whales have informed them that a natural disaster will soon wipe out their reservation in Washington State. They have started a Move to Higher Ground project to move their community to a new location. By a series of coincidences, Finland’s Aalto University was selected by the tribe’s council to draw up the building plans.

Vuori meressä
The Quileute community of La Push, Washington lies on the shores of the Pacific Ocean in an earthquake-prone area of the Cascade Mountains. Image: Trev Harris, Aalto-yliopisto

Finland’s Aalto University is helping a rare North American indigenous people design a new hometown that is out of harm’s way, in a cooperative effort with a backstory as unlikely as any that could be imagined.

The Quileute tribe of La Push, Washington holds a ritual each year, where every woman, man and child in the reservation summons local whales, dolphins, sharks, seals and other marine species to the community’s beach by playing drums. The tribe’s chief then wades among the animals and interprets the sounds they make.

In 2014, tribal leaders said they received information from the Pacific Ocean whales that a tsunami would soon hit their community. La Push is located at the intersection of three tectonic plates, and is prone to earthquakes of a 9-point magnitude.

The tribe immediately started to make plans to move their community to higher ground. It applied for and received money from both the State of Washington and the federal government to fund the relocation.

Friend of a friend of a friend

Aalto University became involved in the project after a Finn working at the Microsoft office in Seattle  knew the person handling the business affairs of the tribe and heard of their situation. This Finn also knew the Associate Professor of the Aalto University School of Architecture, Trev Harris, and recommended the tribe approach Harris’ team.

The tribe chose the Aalto University group to plan a new community for them that would include 50 new housing units and a new school building. Harris and his team returned from their first visit to La Push in March. He tells how the tribe hired his group to complete the task.

“On the last day there was a meeting of the tribal council. When it was over, the chief stood and said ‘You’re all hired’”, Harris says.

He says it wasn’t money alone that won his team from Finland the job.

“They were completely fed up with the business world seething around them. As soon as news of the government funding went public, all kinds of construction firms came peddling their wares. The chief said to me, that your team’s way of dealing with things shows us much more respect than what we are accustomed to.”

The Aalto University plan intends to take advantage of local woodworking skills and build the new Higher Ground community from Canadian redwood, in an effort to revive the indigenous building tradition.

“According to the tribe, the operation must be completed by 2017, before the tsunami arrives,” says Harris.

Indigenous tribe goes back 7,000 years

The Quileute are a Native American people from the western state of Washington in the USA. Their population currently numbers approximately 2,000. After signing the Quinault Treaty in 1855, the Quileute people settled onto the Quileute Indian Reservation, located near the southwest corner of Clallam County of Washington, at the mouth of the Quillayute River on the Pacific coast. The hub of the reservation is the community of La Push.

The Quileute name may already be familiar to many fans of vampire stories, because the best-selling Twilight saga features fictional shape-shifting members of the Quileute tribe that live in and around the Forks, Washington area. The tribe claims that its history in North America goes back 7,000 years.

Like many native peoples on Northwest Coast, the Quileute once relied on fishing from local rivers and the Pacific Ocean for food. The Quileute and the Makah tribes were also once great whalers.



The idiot hack journalist (Democrat) filing the report at the LA Slimes makes one of the more stupid of observations: 

”but really, the debt limit is just ministerial. Republicans and Democrats jointly voted to pile on more debt in December (through the $1-trillion budget resolution, which was about half funded by borrowing) and in January (through an enormous spending bill for fiscal 2014, which also relied on borrowed dollars). Raising the debt limit simply lets Washington keep its commitments and pay its creditors.”

No, what it actually does, is allow Obama’s anti-healthcare law to be funded by default, and a whole host of other entitlement programs that have been either added on, or in existence since the beginning of the ”New Deal” and the ”Great Society”. The fact that there is over 200 billion in waste and fraud in yearly government spending never factors into their thinking, nope, just keep raising the debt ceiling until the country finally collapses, and those who point this out are cast typed as ”extremists”.

H/T: Mark Levin

28 Republicans may now face the tea-party music after debt-limit vote 

  • John BoehnerIn this Feb. 6 photo, House Speaker John A. Boehner of Ohio speaks during a news conference on Capitol Hill. GOP leaders in the House on Tuesday backed a bill to increase the government’s borrowing cap without conditions. (J. Scott Applewhite / Associated Press / February 6, 2014By Jon Healey February 11, 2014, 5:12 p.m.

Right-wing and tea-party groups already have House Speaker John A. Boehner (R-Ohio) on their enemies list, thanks to his stance on last year’s bipartisan budget agreement. One can only wonder what will happen to the rest of the House GOP leadership now that many of them have voted in favor of a — gasp — debt-limit increase with no strings attached.

The vote Tuesday was 221 to 201, with 28 Republicans joining 193 Democrats in the yes column. Only two Democrats voted no, alongside 199 Republicans.

Even some tea-party affiliated Republicans had endorsed the idea of a “clean” debt-limit bill on the assumption that it would pass mainly with Democratic votes. That way, they reasoned, Republicans could wash their hands of the distasteful affair and blame Democrats for piling on more debt.

Officially, though, tea-party talking heads were outraged at the vote.

“We recognize that Speaker John Boehner was unable to corral a House majority to insist on some budget reform,” said Tea Party Express Executive Director Taylor Budowich in a news release. “Unfortunately, that means the GOP has lost yet another opportunity to prove to the American people that the Republican Party will fight to stop Washington’s reckless spending. Instead, they focus voters on the need to continue to defeat incumbents who are unwilling to stand up and fight for the very Americans that sent them to D.C. in the first place.”

More here



More headaches to come to an economy already struggling under Obama’s tight-fisted disastrous reign.

H/T: Fjordman

Obama dark-clouds white house

Puerto Rico

Could a Puerto Rico Default Hammer the $3.7 Trillion U.S. Muni Bond Market in 2014?

A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

 Alexis de Tocqueville 1835

As we head into 2014, you may be asking why we are concerned about a small island located in the Caribbean Sea, about a thousand miles southeast of Miami. Geographically, it is a mere speck on the map… practically irrelevant. In fact, 70 islands the size of Puerto Rico could fit comfortably into the state of Texas. However, the debt burden currently burying this economy may eventually send nasty tremors into the United States’ municipal bond market.

Surprisingly, of all the US muni bond funds, a staggering 75% of them are lending money to Puerto Rico, leaving millions of US investors and a large portion of US brokerage accounts exposed to this beleaguered little island. We suspect Puerto Rico will become America’s Greece. If swans could fly this far south, they would without question be the color of night.

More here.



Let the good times roll!

Party hearty like you’ve never did before! And there are those who insist that Republican RINOS are the only ones who can right all the wrongs done over the past +60 years, though they’ve been in lock step with Democrats in blowing the size of the federal government.


“We can’t solve problems by using the same kind of thinking we used when we created them.” Albert Eintein

Obama cash

U.S. debt jumps a record $328 billion — tops $17 trillion for first time

U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.

The $328 billion increase shattered the previous high of $238 billion set two years ago.

The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.

Under the law, that replenishing happens as soon as there is new debt space.

More here.




If the Democrats suggested such a cockamamie, hair brained scheme such as this in the boardrooms of private businesses, they would be thrown out on their ears. If these businesses conducted their book keeping in the same manner as the Left does in Washington, they would all be in orange jumpsuits serving some hard time for fraud.

Without virtue ladies and gentlemen, no representational form of government, even of the United States, can survive for long. This is pure theft and fraud, right out there for the nation and the world to see. The same crap happens within the EU as well, but there is no public oversight, there is no way to get what happens behind closed doors out into the broad light of day.

Breitbart: GOP: WASHINGTON, March 13–At today’s Budget Committee mark-up, Senators had an opportunity to ask technical questions of Sen. Murray’s staff director and deputy staff director, who were primarily responsible for crafting the resolution.

Under intense questioning from Sen. Sessions, the staffers admitted that despite claims that “The Senate budget, therefore, includes $1.85 trillion in total deficit reduction, $960 billion of which consists of a full and balanced replacement of the cuts from sequestration,” it is not possible to apply tax increases and spending cuts simultaneously to both deficit reduction *and* replacing the sequester.

In other words, turning off the sequester amounts to an immediate spending increase of $1.2 trillion. Although Senate Democrats claim around $1.9 trillion in deficit reduction, they are double-counting more than half of that money. Their actual deficit reduction is closer to $700 billion, and even this figure is inflated by the use of a war savings gimmick. Honestly accounted, real deficit reduction is only around $300 billion–virtually no change from our disastrous debt course.



Happy days are here again!

Remember all that ‘stimulus’ money robbed from future generations of children yet to be born in the U.S.? Well it was all for naught.

Obama cash

GDP Shows Surprise Drop for US in Fourth Quarter

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That’s a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.

More here.



Spines of steel.

I am really really disappointed in Sen.Jeff Sessions who voted for the measure. That vote will come to haunt him later on. The same bogus measure was grudgingly given approval by then president Ronald Reagan, who was led to believe that for every dollar spent, two would be slashed from entitlements, and it never occurred, the Democrats kept on spending and swelling government entitlement programs.

The Republican GOP ‘leadership’ is pushing a measure that Ronald Reagan would have deemed a ruse and a failure. Rubio and Paul are seeing through the lies and are voting no, kudos to them both.

m.rubio r.paul

In first test of 2016 primary, Rubio and Paul vote against ‘fiscal cliff’ deal

By Stephen Dinan – The Washington Times

January 1, 2013, 02:16AM

  • **FILE** Sen. Marco Rubio, Florida Republican, speaks Nov. 17, 2012, during Iowa Gov. Terry Branstad's annual birthday fundraiser in Altoona, Iowa. (Associated Press)It could be considered the first vote of the 2016 presidential primary, and Sen. Marco Rubio defied most of his party by voting against the “fiscal cliff” deal GOP leader Sen. Mitch McConnell and Vice President Joseph R. Biden struck.

Mr. Rubio was one of just eight senators to vote against the legislation, which cleared in an easy 89-8 vote just after 2 a.m. on New Year’s Day.

The Florida Republican is seen as a leading contender for his party’s presidential nomination in four years.


Speaking on the chamber floor Monday, hours before the vote, Mr. Paul said Americans should be disappointed in the agreement.

“This isn’t about getting rich people; this is about what it will do to the economy, what it is going to do to the average middle-class person who works for a rich person,” he said.

He said that if tax increases are bad for some, they are bad for everyone — including the wealthy.

Another potential 2016 GOP candidate, South Carolina Sen. Jim DeMint, missed the vote. He has been absent from the Senate in recent weeks as he prepares to take over the helm at the Heritage Foundation.

Read more:

NOTE: Obama is playing the present GOP leadership like a bunch of chumps that they are.

Obama cash



As conservative political analyst, radio talk show host, Mark Levin, laid it down weeks ago, the GOP should have told the public that they were for the downsizing of the taxes for the lower three tax brackets, and for keeping the two upper brackets at the present same levels, and left it at that for Obama to apporove or veto. They could have very well turned it around, dumping it into his (Obama’s) lap…but since the GOP is headed by a bunch of mealy mouthed, dithering blithering incompetents…the situation is in Zero’s favor.

obama winking

Rand Paul slams ‘spending bill’ fiscal cliff deal

Rand Paul is pictured. | AP Photo

He conceded a scaled-back deal could pass both chambers. | AP Photo

By BOBBY CERVANTES | 12/31/12 6:21 PM EST

Kentucky Sen. Rand Paul said preliminary details of a potential fiscal cliff deal that emerged Monday are a “deal killer” for him because they don’t slash spending, though he conceded a scaled-back deal could pass both chambers with bipartisan support.

“Not only are they raising taxes — maybe on a smaller percentage of people but a large amount of money — but they’re also going to spend more money,” Paul said. “So it’s a spending bill.”

Paul, a tea party Republican, continued, “I object to increasing spending and increasing taxes. That’s really the real deal killer for me. If it were just tax rates, and you told me I had the choice of protecting 99 percent, I would vote … for that. Once Democrats sign on board in the House, it should pass as well.”

Read more: 

Obama cash



These people are clearly not up to the job that they have been entrusted with, that it’s time for a ”tens of millions man march” to be assembled and trod through the capital demanding an end to statist government, fiscal/economic stupidity, self aggrandizement, and the entitlement driven welfare state. Enough is enough.

Obama cash


Imagine you are working for a company that is going bankrupt, but everyone you work with and your bosses are getting pay raises. Seem absurd?

Not if you work for the failing federal government, because President Obama has decreed that Vice President Biden, members of Congress, and most federal workers are getting raises for 2013.

As the U.S. government is losing its luster on the bond market and as the fiscal cliff looms, President Obama issued an executive order to give everyone raises.

Obama has generously bestowed a $6,379 per year raise on Grampa Joe; he’s given members of the House a $900 increase; and he’s doled out a .5 percent pay increase to federal workers.

More here.



Keeps the printing presses rolling.

Obama cash


by WYNTON HALL 26 Dec 2012, 3:12 PM

The number of individuals collecting disability benefits has hit a record high 8,827,795, according to new figures released from the Social Security Administration. On average, beneficiaries receive a$1,130.34 monthly check.

The explosion of individuals now applying for federal disability means applications are being awarded without proper vetting. A congressional report examining a sample of 300 cases found that over a quarter of them “failed to properly address insufficient, contradictory or incomplete evidence.”

More here.



And the dunderheads still voted them back in.

But that won’t stop the Liberal’s from lying about it, and the Dem’s from planning more of the same.

H/T: Ram Lubranicki 

-Obama himself is even on the record personally helping sue one lender (Citibank) into lowering its lending standards to include people from extremely poor and unstable areas, which even one of the left’s favorite blatantly partisan “fact-checkers,” Snopes, admits (while pretending to ‘set the record straight’).

dodd frank-resize-380x300

New study confirms economy was destroyed by Democrat policies

A new study from the widely respected National Bureau of Economic Research released this week has confirmed beyond question that the left’s race-baiting attacks on the housing market (the Community Reinvestment Act–enacted under Carter, made shockingly more aggressive under Clinton) is directly responsible for imploding the housing market and destroying the economy.

The study painstakingly sorted through failed home loans that caused the housing market collapse and identified an overwhelming connection between them and CRA mortgages.

Again, let’s review:

-President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.

-John McCain also co-sponsored urgently critical reforms that would have prevented the housing market collapse, but Democrats shut that down as well, along party lines, and even openly ridiculed anyone who suggested reforms were necessary…to protect their taxpayer-funded campaign contributions as the economy raced uncontrollably toward the cliff.

-No one was making bad loans to unqualified people until Democrats came along and threatened to drag banks into court and have them fined and branded as racists if they didn’t go along with the left’s Affirmative Action lending policies…all while federally insuring their losses. Even the New York Times warned in the late 1990s that Democrats continuing to force banks into lowering their standards would lead to this exact catastrophe.

More here.




Saul Alinsky’s “Rules for radicals

The thirteenth rule: Pick the target, freeze it, personalize it, and polarize it. — P.126-129

Barack Obama is a student of Saul Alinsky, who himself was a student of Karl Marx. Mr.Alinsky developed a set of tactics that if used properly and to their maximum effectiveness, will turn society against itself, pitting one group in constant turmoil against the other, the supposed ”have nots” against the ”haves”.

Obama held a press conference yesterday in which he hammered home relentlessly the class warfare meme of the 2% ”not paying their fair share at the expense of the middle class”. Never mind the fact that it’s totally irrelevant how much a person earns and what their net worth is, or whether or not the ”2%” pays 40%-50 % or even 100% of their earnings to the federal government, it would never make a dent into the staggering debt load regardless.

NOTE: A word to Congressman Paul Ryan. I realize that you are speaking over Obama’s head directly to the American people about what really spurs economic growth, but you also have to educate the people about what Obama is up to. Mark Levin is right, Obama is actually attacking middle income earners in the long run, but first wants to appear that he’s on their side against the ”super rich”. Then after he’s done with them, he’ll turn his sights upon this group as well, for they represent a far greater source of wealth than the highly demonized 2%.


House Budget Committee chair Rep. Paul Ryan (R-WI) has rejected President Barack Obama’s demand to raise taxes as part of Obama’s proposal to achieve $1.6 trillion in additional tax revenues to avoid the “fiscal cliff.”

Instead, Ryan backed Speaker John Boehner’s position, which is that any new tax revenues must be achieved without passing higher tax rates.

In an exclusive statement to Breitbart News, Ryan specified that new revenues should come through economic growth and tax reform, not tax hikes:

Speaker Boehner has outlined a bipartisan way forward to avoid the “fiscal cliff” and get our economy growing: common-sense entitlement reform coupled with pro-growth tax reform. We can find common ground on responsible spending restraint and greater revenue through economic growth, but we have yet to see either a serious plan or leadership from President Obama. Speaker Boehner and House Republicans have delivered both.

Earlier today, President Obama signaled an openness to tax reform, but said that “closing loopholes in deductions” would not cover the cost of extending the current tax rates for the top two percent of earners.

More here.

NOTE II: Boehner has not delivered a serious plan, he has already proven himself not up to the task of confronting Obama. The man is consistently out maneuvered by the marxist-in-chief.



Remember the story of the nation’s wealthiest counties voting for Obama, well the fix is in, big time. To round matters off, Obama saved the auto unions from future worker contract cuts that would have resulted from normal bankruptcy procedures, as well as divertingt taxpayer money to nonprofitable green businesses and swelling the ranks of the food stamp crowd. That’s a demagogue populist does it, and the ill-informed lap it up like a pup on its mother’s teat.

H/T: Fjordman

Marc Faber’s Asset Protection Plan: “Buy A Machine Gun”, No Really, “You’re Right, Buy A Tank”

Trish Regan and Adam Johnson do their best to hold themselves together in this sublime rant by ‘Gloom, Boom & Doom’s Marc Faber on Bloomberg TV as he sees Obama’s re-election as “very negative for the economy”. From his view that the market should be down at least 20% – and maybe 50%, to the implied ignorance of both of the candidates, he believes fervently that the “standards of living of people in the western hemisphere will continue to decline.”

Faber views Obama’s re-election as one of many unintended consequences of market manipulation (since Democrat attacks on the wealthy were ‘enabled’ by their profiteering from Bernanke’s money printing) and sees the need to protect one’s assets “with a gun, a machine gun… or perhaps a tank.” He concludes with a stunner as he exclaims his view doubting Obama will make it through the whole four-year term because “there will be so many scandals” since “there is so much smoke, there must be some fire!”

The pre-amble is useful and well worth listening to as Faber describes exactly what is occurring in the world…

The good stuff begins around 7:30 as Faber goes Baumgartner… and gives the Bloomberg hosts a taste of reality we suspect they have not heard from their run-of-the-mill portfolio manager sheep guests…

Read the transcript of it all here at Zero Hedge



I recently received an email from the office of  Sen.Carl Levin, and it shows how Democrats are not serious in reigning in the massive debt the US government in incurring on an annual basis. The closing of ”tax loopholes” can be placed right along side that of ”ending pork barrel earmarks” in congressional spending, all good measures, but entirely ineffectual in reducing the national debt, which at current levels, is wholly unsustainable.

Sen.Levin, along with other statist politicians within the Dem party (and RINO Republicans), who refuse to talk about the need of taking a fiscal ax to the ever expanding entitlement programs, are not serious about the financial cliff the country is just about to leap over, and need to be removed from office.

NOTE: Another reason for term limits and for state legislatures to once again appoint U.S. senators to represent them in Congress, not through the public vote.

Closing loopholes can help avoid ‘fiscal cliff’

Carl Levin: Tax loopholes are one significant cause of the budget deficit and add to the tax burden that ordinary Americans bear. Recently, the Permanent Subcommittee on Investigations, which Sen. Levin chairs, held a hearing exposing how multinational corporations have taken advantage of loopholes in tax law and weaknesses in enforcement to shift their profits overseas and avoid paying taxes. Closing these loopholes is especially important now, as the “fiscal cliff” looms – a series of automatic spending cuts and tax increases on working families that could throw us back into recession. Seeking to help step back from the “fiscal cliff,” Sen. Levin wrote to congressional and administration leaders on the need to address offshore tax abuses as part of a balanced deficit-reduction package.




This ‘genius’ can relieve himself of his liberal guilt for being wealthy, by handing over 75% of what he earns to the IRS. Soaking the wealthy will kill job and wealth creation, but economic ignoramuses like Ferrell don’t ever bother to consider the real ramifications of their stupidity.

Edwards in the new political comedy “The Campaign.”

BREITBART.COM: The hair is … perfect, and while the film also includes a Tea Party-type candidate the “Saturday Night Live” will tell any press member who will listen that the comedy is a nonpartisan affair.

We’ll have to take his word on the latter since the movie doesn’t open until Aug. 10. But for now we can chew on Ferrell’s assessment of modern tax rates and where he’d like to see them rise if he were in the Oval Office.

TheDC asked Ferrell, who co-hosted a $35,800 per ticket fundraiser for President Barack Obama in February, for his thoughts on Obama’s proposed elimination of Bush-era tax breaks for individuals making over $200,000 per year.

“I think that – I would actually raise the taxes to about 75 percent,” Ferrell said at the screening in Washington, D.C., on Tuesday night.

“75 percent – you don’t think that would hurt the economy?” TheDC inquired.

“No, no, no,” Ferrell replied.

More here.



Name me the current Democrats who actively talk about making serious cuts in entitlement programs, in the attempt to make a dent in the debt crisis, and I’ll show you a person who’s ‘gone rogue’ in the eyes of the party.

The Dem leadership, and most importantly, its base support, are pushing for more entitlements, chief among them Obamacare, at a time when Democrat (highly touted) ‘chief achievements like medicare and social security are entirely bankrupt, being funded from general operating funds. There’s no money in the programs themselves, having been robbed by repeated lib governments.

There is no more money left, yet they plod ahead…

The Obama administration quietly released a new budget report Friday afternoon at a time calculated to make sure it received minimal attention. The highlights of the new report are a pair of new estimates, the first of this year’s deficit and the second of projected debt 10 years from now.

More here at Breitbart



And the beat goes on, and the beat goes on.

H/T: Always Watching

Federal Government’s Debt Jumps More Than $1T for 5th Straight Fiscal Year

(CNSNews.com) – By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.

More here.