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US Government is BORROWING $4.8 BILLION PER DAY!!

I wanted to do some math! It’s really not that difficult and anyone can follow along. If any congressmen, senators, or ever our president haven’t done these simple calculations for themselves then…well

In the first two months of fiscal year 2013 (October/November 2012) the US government BORROWED to cover expenditures above budget, $292 BILLION.

THAT’S $4.8 BILLION PER DAY in new borrowing

Source
http://cnsnews.com/news/article/cbo-feds-borrowing-48-billion-day-fy-2013-so-far

Now all this BS wrangling and politicizing is about tax increases [...]

Pope meets Fidel Castro, slams U.S. embargo

(Reuters) – Pope Benedict ended his visit to Cuba on Wednesday by urging the communist-run island to search for “authentic freedom” and condemning a 50-year-old U.S. trade embargo while also making time to meet with ailing revolutionary icon Fidel Castro.

The leader of the world’s 1.2 billon Catholics led a public Mass in Havana’s vast Revolution Square where Castro once drew huge crowds to listen to his fiery speeches.

Surrounded by ten-story high images [...]

ETF Daily News: The Rising Price of Commodities: The Most Investable Trend Over The Next 20 Years

Richard Mills:  As a general rule, the most successful man in life is the man who has the best information.  The most investable trend over the next 20 years is going to be the rising price of commodities, rising prices will be caused by two factors;

Increasing consumption
Inflation

Consumption

Two factors are involved in increasing consumption. One is the growth in population:

2011 7 billion

2020 7.6 billion

2027 8 billion

2030 8.2 billion

2040 8.8 billion

2046 9 [...]

California Revenue Shortfall to Force More Cuts

LOS ANGELES — The California Legislature passed a budget last fall relying on optimistic projections of how much money the state could bring in with a growing economy. But to the surprise of few, not all of that money has materialized. Gov. Jerry Brown said Tuesday that the state was about $2.2 billion short of its projected $88.5 billion income and that that would force hundreds of millions of dollars [...]

Please, Santa, Let This Be the Last Christmas in America (that’s supposed to “save” the U.S. economy)

by Charles Hugh Smith from Of Two Minds

Please, Santa, Let This Be the Last Christmas in America (that’s supposed to “save” the U.S. economy)

Please, Santa, Let This Be the Last Christmas in America (that’s supposed to “save” the U.S. economy)   (November 23, 2010)

Santa, please, please, please strangle the idiotic fantasy that Americans buying a bunch of junk (or gift cards for after-Christmas purchases of junk) will [...]