Why we need to stop ignoring the U.S. debt problem

Hat tip flash


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wip
wip
March 24, 2015 8:46 am

Stockman likes Rand Paul.

overthecliff
overthecliff
March 24, 2015 9:55 am

We have long ago passed the tipping point. Even talking about the debt is a waste of breath. Our corrupt population has figured out that they can vote themselves money from the public treasury and self-serving slime politicians and presstitutes are using them to enrich themselves.

Get armed, get ready. Reset is coming.

Sensetti
Sensetti
March 24, 2015 10:07 am

What have I been saying? 
The United States is not going broke, it’s going to WAR!

US To China: ‘Infrastructure Bank’ This! – Test-Fires ICBM As A “Visual To The World
With allies migrating en masse to China’s new infrastructure bank (and even the US having to admit it will ‘cooperate’), it appears America has fallen back on what has worked for it in the past to ensure the world’s largest creditor remains the world’s reserve currency ad inifinitum – rattle its nuclear missile sabre… As the following clip shows, The US Air Force just test-fired a Minuteman III intercontinental ballistic missile from California, providing a “visual to the world.”
* * *
As RT reports, an intercontinental ballistic missile was fired early Monday from a facility in California, the US Air Force announced, saying the tests were a message to the world about Washington’s nuclear capabilities.
The Minuteman III missile was fitted with a “test re-entry vehicle” instead of a live thermonuclear warhead, and was test-launched from Vandenberg Air Force Base (AFB) in California at 03:36 local time (10:36 GMT), according to the Air Force statement.
“With these launches, we not only verify our processes and the ICBM (intercontinental ballistic missile) weapon system, we provide a visual to the world that the Minuteman III is capable of striking pretty much anywhere with extreme precision,” said Lt. Col Tytonia Moore of the 90th Missile Wing, based out of the Francis E. Warren AFB in Wyoming, according to the statement.
The “Mighty Ninety” is one of the USAF’s three missile wing commands – the other two being the 91st at Minot AFB in North Dakota and the 341st at Malstrom AFB in Montana. There are roughly 450 ICBMs between the three.
http://www.zerohedge.com/news/2015-03-23/us-china-infrastructure-bank

flash
flash
March 24, 2015 10:15 am

Cavauto: You hate EVERYONE!

How I wish Stockman would have replied .
No, I don’t hate EVERYONE , just the STUPID , which happens to be all supporters of the two party system of morons and everyone in the State controlled media, in particular those Fascist Fucks at Fox , especially Sean Hannity and that blathering idiot , Bill O’ Reilly , and of course you.

flash
flash
March 24, 2015 10:27 am

Sensetti, just another giant waste of taxpayer money.It proved nothing and accomplished as much. Get you’re pack strung and your gear strapped, the party is over.

The Party’s Over, by Robert Gore

The Party’s Over, by Robert Gore

US hegemonic triumphalism rallied after the dissolution of the USSR, but it proved to be a dead cat bounce. Welfare state transfer payments, overall spending, and the national debt continued to grow as the we-can-have-it-all fantasies of the populace and its politicians persisted. There was no scaling back of either domestic or global commitments, even as the economy began to demonstrate subtle signs of deterioration. That deterioration was masked by central bank machinations that promoted rising equity, bond, and housing markets, bestowing paper wealth that served as an imperfect and skewed replacement for shrinking opportunities in an increasingly debt-saturated and government-controlled economy.

Reports this morning suggest that the US, bowing to reality, will try to get the AIIB to work with the existing development banks it dominates. It amounts to a plea for one last drink, which never turns out to be the last drink. The US elite are a deluded, corrupt, self-important lot, addicted to power. The chances that they will sober up after this collective rebuke are minimal. However, by flocking to the AIIB, the rebukers are both recognizing the rising power of a Chinese- and Russian-led Eurasian axis, and edging away from the hubristic and dangerous deterioration of a US that fails to realize that ever less attention is being paid to its inebriated boasts, blandishments, and threats.

flash
flash
March 24, 2015 10:43 am

Perhaps FUSA is busy decorating the table for last supper of this Republic ?

From Matt Bracken via https://westernrifleshooters.wordpress.com/

Operation Jade Conditioning

First, let’s cover what Joint Military Exercise Jade Helm 15 is not: it is not a covert plan for the military to conquer the Southwest and institute martial law. And no, the hundreds of special operations troops and thousands of other military personnel taking part in Jade Helm 15 are not bad guys who are out to establish tyranny in America. Those are straw man arguments, posited to be rejected.

But the elimination of the straw men does not mean that Jade Helm 15 is benign. Reality check, please: does anybody reading this seriously believe that President Obama is contemplating dropping thousands of American troops across an area as vast as the space covered by Syria, Iraq, Iran, Yemen and Egypt? If you believe that, then I will give you a special discount when you buy any two of the eleven New York metro area bridges and tunnels that I currently own.

Many will say, “But the Green Berets have been doing this kind of thing with exercises like Robin Sage for years and years. It’s exactly the same thing. It’s no big deal.” These people are either paid shills, or well-meaning but naïve dupes. Note the motto of Jade Helm 15: “Master the human domain.” From our military to our intelligence agencies to federal law enforcement, Social Network Analysis is a booming field, a field which is now stretched to include imposters and liars paid by the post to influence social media trends. This government-sponsored social media influencing begins in the understandable realm of legitimate foreign counter-terrorism, but today the all-seeing eye is increasingly aimed inward at perceived domestic threats.

FTX Robin Sage and similar legitimate exercises typically take place across a few counties and involve coordination at the sheriff and state police level. The volunteer role-players are often old Special Forces guys or local farmers. One of them that I know was a decorated MACV/SOG hero who for years after his retirement played a mysterious guerrilla chieftain for the newbie Q-coursers. And in a younger age, I ran with a crowd that that pretended to blow up radio towers, bridges and fuel dumps with simulated demolition charges. We also did cross-country movements and escape and evasion training exercises in and out of uniform with a variety of weapons. This was done with the knowledge of the local authorities, to avoid people getting shot due to misidentification when crossing public and private spaces.

But Robin Sage and other training exercises were never scaled up to become regional show-stopping extravaganzas spread across six large Western states, requiring real-time coordination between multiple governors, state police departments, county and city law enforcement jurisdictions, federal law enforcement agencies, and active duty military units from all branches of the service. No, Jade Helm is not Robin Sage. It’s not even Robin Sage on steroids.

Will there be Robin Sage elements to Jade Helm? Of course. Embedded reporters will no doubt be sending back live video, visually establishing the overtly benign and beneficial impact of the exercise as Green Berets and SEALs freefall and fast-rope into their insertion points. An analysis of some of the information gleaned from the Jade Helm 15 informational packet suggests that some of the spec-ops troops will participate in cross-country movements of greater than fifty miles, humping rifles and rucks from Texas into New Mexico among other land routes. But that camo-paint and boot-leather Robin Sage visual is just camouflage for the genuine objectives of Jade Helm 15, which in my opinion are twofold:

First: conditioning Americans to accept increasingly frequent and intrusive military and paramilitary police actions up close and personal. These will include low-altitude over-flights by military aircraft at all hours, plus roadblocks, checkpoints and denied out-of-bounds areas declared during so-called “realistic military training exercises” in and around Anytown, USA. Some of the military participants might be dressed as civilians, or even as enemy terrorists—foreign or domestic. That is to say, the troops will not necessarily be identifiable to John Q. Public as good old G.I. Joe. Instead, they might be dressed up like Jihad John, or even Redneck Jake. We will be told to mind our business, stay indoors, and trust those in authority who can see “the big picture.”

“Hey Martha, what’s all that noise and commotion? It sounds like World War Three is breaking out across the highway downtown!”

“Oh, don’t worry, George. The Army is just doing another urban warfare drill. I saw it on TV.”

Google keywords like “military drill training exercise urban warfare helicopters” and see how many of our cities have already been treated to simulated “Black Hawk Down” battles, complete with booming explosions, midnight helicopters swooping at rooftop level, and plenty of ratatat-tat. Step by step we are being conditioned to living in a battlefield state of mind. Full dress rehearsals for all-out urban warfare are becoming the new normal in the Land of the Free.

To what purpose? Well, to what purpose does the chef slowly turn up the heat under the frog pot? If and when the time comes that the federal government decides to eliminate some pesky nests of sedition in the name of national security, folks living just a few miles away will simply yawn and change television channels, placid as cows chewing cud. Operation Jade Conditioning: mission accomplished.

The second objective of Joint Military Exercise Jade Helm 15 is to practice simultaneously operating all of the control levers of armed federal power on American soil, from major military units and federal law enforcement agencies down to the state police and local law enforcement. (Posse Comitatus? Heavens, no. It’s just a training exercise!)

When the time comes to eliminate those pockets of bitterly-clinging dead-enders standing in the way of social progress that Team Obama seems to hate with far greater vigor than it hates the Islamic State or Al Qaeda, the federal bosses will already know which county sheriffs and chiefs of police are “reliable.” That is, reliable in the KGB or Stasi meaning of the world. Click your heels, Sheriff, and set up the roadblocks as instructed. It’s a federal order! Do it just like we did it last year.

Again, it’s Operation Jade Conditioning. Ditto for our generals being conditioned to take orders from civilian bureaucrats for military deployments directly into American cities and towns.

That’s my opinion. Or, you can choose to believe that President Obama is actually getting our military primed and ready for simultaneous spec-ops team insertions across the entire Middle East from Egypt to Iran, and Syria to Yemen, the same geographical area covered by Joint Military Exercise Jade Helm 15.

It’s your choice to believe that, if you wish.

Mark
Mark
March 24, 2015 11:43 am

Let’s see,

Cut Defense, cut Medicare, cut social security. And yes, let’s raise taxes as well.

If that ain’t a deflationary depression I don’t know what is.

You notice he doesn’t say the only thing that will work? That is defaulting on the existing debt and forbidding the Federal Government from issuing Teasuries in the future through constitutional amendment.

That would mean cutting all government spending and during a down cycle just printing the shortfall.

Attacking the Rupulican base will not only cause a great deflation but usher in a Democrat Party with a Krugmanist agenda. The only difference being public works projects with over paid Union drones will replace Defense spending.

Westcoaster
Westcoaster
March 24, 2015 9:00 pm

Flash, I’m with you but how do we know the real intent of anything the government does? Maybe Mr. Bracken has a crystal ball. Other thing that bugs me is how these big drills go live, like on 9/11.

Rise Up
Rise Up
March 24, 2015 9:15 pm

Cavuto seems to want to maintain the status quo. He even said there was no inflation! Why are hacks like him so popular?

Rise Up
Rise Up
March 24, 2015 10:08 pm

Flash, that was a good piece about the Jade Helm exercise (it’s been discussed here before).

@Westcoaster: “Other thing that bugs me is how these big drills go live, like on 9/11.”

Sandy Hook and the Boston Marathon bombing were also drills that went live (in the case of Sandy Hook, it was another school a short distance away). Both were fake events.

There was a FEMA Capstone event planned for the Washington Metro that got canceled last year.
It will be rescheduled but the date has not been announced. Beware May 11…that’s the rescheduled date for Capstone drill Eagle Horizon 2015 (Eagle Horizon 2014 was canceled by White House for UNDISCLOSED reasons).

The full scale exercise is to begin on May 11, 2015 and the scenario involves the detonation of a nuclear weapon.

http://www.reactorbreach.com/showthread.php?tid=4225

Remember the cover of “The Economist” issue recently with the 2 numbers 11/3 and 11/5? (that’s March 11 and May 11 if those numbers are in fact references to dates, written the European way).

Just sayin’…

AC
AC
March 24, 2015 11:29 pm

Value Added Tax? Unless this is _in_lieu_ of_ income tax, how about no?

TE
TE
March 25, 2015 6:07 pm

@Sensetti, wonder whom is manufacturing (actually making them, not just stamping a friendly corp name on it) the control units for those missiles?

You think, maybe, just maybe, that a millennial thinking Communistic government, that owns 51+% of ALL their production, might have thought about how sick they are of our superiority and death and stuck a few kills switches in?

Wouldn’t you if you were making war machines for your future/past enemy?

I would.

We are nothing but an aging bully with WAY too many kill switches ready to deploy.

Besides, the Feds won’t bring upon open warfare worldwide until after we have been disarmed. Wouldn’t want our future overlords to worry about grannies and rifles.

Pirate Jo
Pirate Jo
March 25, 2015 6:41 pm

I’ve seen some articles here and there, comparing the government and the way it racks up debt with a typical family, asking what we would think of a family that managed its finances that way. (If families had access to that much debt to begin with.)

Some “brilliant” commenter always pipes up, declaring how ludicrous it is to compare government borrowing with the borrowing of a private family. “They’re not the same thing!”

Well, that’s true, as it goes. If your parents croaked with a shitload of credit card debt, underwater mortgage debt, car loans, and so on, when they died their estate would be liquidated, the car and house would be repossessed, the creditors would soak up whatever was left, and you’d be left with nothing, but at least you wouldn’t be saddled with those debts. But government debt can be passed on to the next generation. Lucky you, to be born between those shining seas!

So when someone self-righteously declares, “They’re not the same thing!” by way of DEFENDING all this government borrowing, in my mind I equate them with a complete shithead.

Each generation should pay its own way. Can anyone think of any exceptions? Could there hypothetically be any kind of infrastructure project or any legitimate government use of funds which would require the use of a bond longer than, say, ten years?