by Bruce Eden –
What the leftist, sinister Marxist moron politicians in Washington, D.C. are probably figuring out is that we’re coming for them sooner or later. That’s why they want to disarm us.
Washington is broke, no, it is completely bankrupt. We have been in a serious recession for the last few years which has been hidden by “government spending” skewing all economic data. In reality, we have been in a Depression because, the U-6 unemployment rate (true unemployment and underemployment) shows total unemployed, persons marginally attached to the labor force who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work.
Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data. The current U-6 data released January 31, 2013 shows 15.4% of the population is out of work or underemployed. During the 1930s Great Depression, at least 22% of the population was out of work or underemployed.
With Obamacare supposedly going into full swing later this year, it is estimated that 7 million people will lose their insurance coverage, and companies will cut back on staffing needs to compensate paying for Obamacare to the remaining employees. It is all “smoke and mirrors” being propagandized by government.
Our current debt is 16 Trillion Dollars. The government takes in only 2 – 2.5 Trillion in taxes and other revenue sources. That is roughly 8 to 1, or, in the mortgage industry it would be a 12.5% debt to equity ratio. Even during the housing bubble they still required you to at least claim you had about 30% debt to equity (or, about 3 to 1).
The current debt (as of today) is 16+ Trillion, or over $120,000 for each taxpayer. However, total unfunded government liabilities that are beginning to come due is 122 Trillion Dollars or over $1 Million per U.S. taxpayer. Check it out (from the government’s own numbers). http://www.usdebtclock.org/
Contrary to the LIES, no one is buying U.S. Debt. That is why the Fed is “purchasing” (read: printing money) mortgage securities and other “debts” to the tune of roughly 85 BILLION a month (or just short of 1 TRILLION dollars a year). This is to artificially keep the interest rate near 0%. If interest rates rise to just 2% then the debt is totally unsustainable even in the short term. Currently, the government is spending 1 Trillion more than it brings in, if they add ANY interest to that it would quickly be 2 Trillion (or more).
So, here is where we are. We are on the edges of a major collapse. Congress knows this! They are horrified that once Americans finally discover they’ve been robbed, lied to, and cheated they are going to want to have public executions. This is also why they are attempting to undermine the military with “gays” and massive funding cuts. They are afraid the military might just uphold their oath to the Constitution and stand with the public.
So, we are about to see the REAL federal agenda very soon. Taxes on everyone are going to go sky high. Private property seizures and asset liquidation are going to become the norm. That is why the government is grousing about taking our pensions, 401ks, IRAs, etc. (our own hard-earned money to be used for our retirements) and converting them to bonds. There’s between $5-$10 TRILLION in pensions and other retirement instruments. You are going to see a complete meltdown in America. THIS is why they want to ban guns and undermine the military.