Federal Debt in Perspective

This was sent to Cowboys and attributed to an article from Global Research

To understand the U.S. financial position, just remove 8 zeros and pretend it’s a household budget.


Then is would look something like this in numbers the average American (including me) can understand:



Annual family income: $21,700

Money the family spent: $38,200

New debt on the credit card: $16,500

Outstanding balance on the credit card: $142,710

The U.S. is trying to bring their budget under control. This year they implemented total budget cuts of $385. Assuming they don’t spend more than they raise in taxes, it will take them 370 years to pay back this debt.

The bi-partisan U.S. Super Committee is currently discussing proposals to cut spending by $12,000 over 10 years.

At $1,200 in saving per year and assuming they balance the budget, it will then take them a mere 119 year to pay back the debt.

That should clarify the position......what position is that?........SNAFU and FUBAR.

Weapons For Mexico

If you listening to Obama and his minions you would think that American gun dealers are responsible for arming the Mexican Cartels. We have all come to know that the biggest American source of weapons for the Cartels is the (run amok) Justice Department using their ATF assets to smuggle guns to Mexico. But we have long said that the biggest suppliers of weapons is from other world sources such as the old Warsaw Pact countries and other third world countries. Here is an article from Fox News articulating that:

Mexican authorities make record arms seizure, FOX News, November 28, 2011

Mexico City – A shipping container with 900 firearms hidden inside was seized by authorities in the Mexican Pacific port of Lazaro Cardenas, the Navy Secretariat and the Attorney General's Office said in a joint statement.

The container arrived in Mexico from Turkey and was bound for Nicaragua.

The record arms seizure was made in an operation involving marines, AG's office personnel and customs service agents in Lazaro Cardenas, which is in the western state of Michoacan.

Authorities found 154 9 mm pistols, a 7.55 mm pistol and 756 12-gauge shotguns inside the container.

The container and its cargo were turned over to federal prosecutors, who will conduct the investigation.

The operation was part of a larger effort to crack down on arms trafficking and prevent drug traffickers and other organized crime groups from acquiring weapons, the AG's office and the Navy Secretariat said.

Obama's Buddy Sentanced to Prison

Finally, someone has published an article on Antoin Rezko, being sentenced to prison, and linking Obama to his buddy. Previous articles in newspaper appeared on page 7 or even further back, and only linking Rezko to corrupt Illinois Governor Rod Blagojevich,...and not Obama. Come to think about it, I think start calling Obama, Blagojevich and Rezko as the three Scamateers!

The Young Republican Network posted an article from the examiner.com at their site, titled “Obama friend and fundraiser sentenced to 10 years imprisonment”:

Of interesting (but not surprising) note is that the mainstream media coverage of Rezko’s sentence this afternoon fails to mention his close ties to the president. A number of headlines describe Rezko as a Blagojevich political fundraiser and adviser, but conspicuously absent is any mention of Obama."

President Obama’s close friend and longtime financial supporter, Chicago businessman Antoin Rezko, was sentenced on November 22 to 101/2 years in prison for operating a massive corruption scheme in which he extorted millions of dollars in kickbacks from investment firms seeking state business.

Media critics have complained that reporters and commentators were too busy discussing unproven sex scandals and unsubstantiated claims against Republican candidates to cover the punishment of another associate of President Barack Obama.

For years Rezko was a major donor and adviser to convicted Illinois Governor Rod Blagojevich, but his name first surfaced on the national scene during the 2008 presidential election because then-candidate Obama had received hefty campaign contributions from him and the two were longtime pals, according to investigations conducted by the non-partisan Judicial Watch.

In fact, Rezko subsidized a $1.65 million home Obama purchased in Chicago’s South side in 2005 and he hosted a fundraiser for the then- U.S. Senator Obama.

When the feds charged Rezko with extortion, influence peddling and conspiracy, Obama vowed to return all the tainted money - at least $200,000 by some accounts - that his buddy had given him. Rezko was also accused of obtaining a $10.5 million loan from GE Capital through fraud and swindling of group investors.

The Syrian-born businessman has been in jail since his June 2008 conviction but his sentencing was delayed because he was scheduled to testify in Blagojevich’s 2010 corruption trial and retrial this past summer.

Judicial Watch covered both Chicago federal trials, which prominently mentioned Obama and his former chief of staff, Rahm Emanuel, who left the post to become the city’s mayor.

"That’s because Blagojevich tried to sell the U.S. Senate seat vacated when Obama got elected president. Obama wanted his close friend Valerie Jarrett to finish his senate term and, as Illinois governor, Blagojevich had the power to make it happen. In return, he wanted a federal job that paid a lot of money or some sort of foreign ambassadorship that could lead to bigger and better things," stated the Judicial Watch blogger.

A federal jury ended up convicting Blagojevich of 17 corruption charges and the disgraced former governor is scheduled to be sentenced in early December. He will join an all-star lineup of crooked Illinois politicians when he becomes the state’s fourth governor to serve time for corruption in the last three decades.

Of interesting (but not surprising) note is that the mainstream media coverage of Rezko’s sentence this afternoon fails to mention his close ties to the president. A number of headlines describe Rezko as a Blagojevich political fundraiser and adviser, but conspicuously absent is any mention of Obama.

President Obama's close friend and longtime financial supporter, Chicago businessman Antoin Rezko, was sentenced on November 22 to 101/2 years in prison for operating a massive corruption scheme in which he extorted millions of dollars in kickbacks from investment firms seeking state business. |