"The sun is waking up from a deep slumber, and in the next few years we expect to see much higher levels of solar activity. At the same time, our technological society has developed an unprecedented sensitivity to solar storms. " "." It noted how people of the 21st-century rely on high-tech systems for the basics of daily life. Smart power grids, GPS navigation, air travel, financial services and emergency radio communications can all be knocked out by intense solar activity. A century-class solar storm, the Academy warned, could cause twenty times more economic damage than Hurricane Katrina."
And...
The U.S. House of Representatives passed H.R. 5026, the Grid Reliability and Infrastructure Defense (GRID) Act. "Under the bill, the President could declare a threat if there is a substantial likelihood of a cyber attack, electromagnetic weapon attack, geomagnetic storm, or direct physical attack on the bulk power infrastructure."
And...
And:
I don't know if it a coincidence or not, but why did congress pass a bill now?
Saturday, June 12, 2010
Friday, June 11, 2010
Enough Is Enough
President Obama Friday repeated his call for Congress to pass a $30 billion package to help stimulate jobs.
Okay, when is enough...enough? We have already thrown about $1 Trillion at the so called stimulus to help stimulate jobs and what have we gotten...nothing, nada, zip! The economy is still in the crapper, the jobs are still being lost and the last money thrown to the banks to help small businesses are still sitting in the bank vaults. The loan process has become so tight that well run, financially stable businesses are struggling to get loans. Plus, most smart business leaders don't want to take any money that has government strings attached. Business owners also are wondering what the whole Obamacare crap is finally going to look like as the president has said the the employers will have to provide health care for the employees and families. How much will this cost, no one knows the real answer. Why would I want to expand when I don't know what my costs will be down the road?
The real problem is that the president wants to get more voters. He is willing to buy them with $30 billion. But at what cost? The federal deficit for this year is estimated to be between $1.6 and $1.9 TRILLION. Add that to our federal debt of $13+ TRILLION and you now have about $15 TRILLION. The forcasted GDP of the U.S. by years end is $15 TRILLION. Look at this chart
Look at the 1930's. Remember the 1930's, uh...the Great Depression. Look at the percent GDP was less than 20% and rising to 40% quickly in the late 30's. Now look at today. Percent GDP is about 92% and look at the slope of angle. Pretty steep , just like the thirties and forties (WWII), 1914-1918 (WWI), and 1860 (Civil War).
Moral of this story, we are not out of this DEPRESSION! There will be more pain to come economically. The PTB (powers to be) are still throwing our money at the job market. This won't work. We need to be paying down or debt. We have a huge debt and it keeps growing. WE need a balanced budget and a debt reduction plan, not a deficit reduction plan. People will need to go through some pain. Entitlement programs will need to be drastically reduced or ended. Wasteful government offices need to eliminated, like the Department of Education (what have they done for the billions of dollars?). Social Security is "bankrupt" and the baby boomers are a year away from entering the SSA programs. How will we be able to support this group? When you add the debt plus the unfunded liabilities it is over $109 TRILLION. We cannot continue down this path. Countries that have bought our debt will eventually want their money back...what will be do? How's your Chinese? You think about that!
Okay, when is enough...enough? We have already thrown about $1 Trillion at the so called stimulus to help stimulate jobs and what have we gotten...nothing, nada, zip! The economy is still in the crapper, the jobs are still being lost and the last money thrown to the banks to help small businesses are still sitting in the bank vaults. The loan process has become so tight that well run, financially stable businesses are struggling to get loans. Plus, most smart business leaders don't want to take any money that has government strings attached. Business owners also are wondering what the whole Obamacare crap is finally going to look like as the president has said the the employers will have to provide health care for the employees and families. How much will this cost, no one knows the real answer. Why would I want to expand when I don't know what my costs will be down the road?
The real problem is that the president wants to get more voters. He is willing to buy them with $30 billion. But at what cost? The federal deficit for this year is estimated to be between $1.6 and $1.9 TRILLION. Add that to our federal debt of $13+ TRILLION and you now have about $15 TRILLION. The forcasted GDP of the U.S. by years end is $15 TRILLION. Look at this chart
Look at the 1930's. Remember the 1930's, uh...the Great Depression. Look at the percent GDP was less than 20% and rising to 40% quickly in the late 30's. Now look at today. Percent GDP is about 92% and look at the slope of angle. Pretty steep , just like the thirties and forties (WWII), 1914-1918 (WWI), and 1860 (Civil War).
Moral of this story, we are not out of this DEPRESSION! There will be more pain to come economically. The PTB (powers to be) are still throwing our money at the job market. This won't work. We need to be paying down or debt. We have a huge debt and it keeps growing. WE need a balanced budget and a debt reduction plan, not a deficit reduction plan. People will need to go through some pain. Entitlement programs will need to be drastically reduced or ended. Wasteful government offices need to eliminated, like the Department of Education (what have they done for the billions of dollars?). Social Security is "bankrupt" and the baby boomers are a year away from entering the SSA programs. How will we be able to support this group? When you add the debt plus the unfunded liabilities it is over $109 TRILLION. We cannot continue down this path. Countries that have bought our debt will eventually want their money back...what will be do? How's your Chinese? You think about that!
Chaos, Anarchy To Reign....
Well, it could get ugly for NY by Monday if a deal cannot be reached. Monday could be doomsday if budget deal can't be reached according to Gov. Paterson. Do you boys and girls realize what this would do? One of the most populous states in America without the means to continue running it's government!
"Such chaos includes closing all state parks, motor vehicles offices, courts, and even the lottery. Public assistance payments would not be made and unemployment payments might also be held up."
Wow, not that will cause chaos. When the entitled society cannot get their money to buy the stuff they are used to getting, things will get ugly. This won't stop here though. What about the thousands of employees at these area that will be shut down. They won't be working, so they will enter the unemployment lines...oops, the unemployment offices will be closed because they don't have money. See where I'm going? The domino effect will be huge. What about the coney dog vendor on the sidewalk outside one of these state office buildings, guess he better not order more dos just yet, because he may not have any customers on Monday.
"Sources said the next emergency bill from Paterson will have up to $350 million in cuts to human services and mental health. But Republicans, who could become Paterson's new allies in the budget battle, aren't satisfied with that.
They want $750 million in new cuts like:
1. Delaying the 10 percent welfare grant increases
2. Withholding welfare from those who don't comply with employment requirements
3. Reducing the personal needs allowance of people in drug and alcohol programs"
They way it looks, somebody has to give. But someone is going to take it hard. $350 million or $750 million, either way the entitlement society won't like the outcome. NY isgoing broke and the governor is trying to cut back on spending, but a couple democrats don't want any cuts. How will they dig themselves out of the hole if they don't cut spending? The Dem's don't want to take away any money from their constituents as that may cost them votes in the next election. It won't end good either way, but spending cuts now is the best choice. Let's watch and see what happens.
Keep you eyes open on this as it may be heading to other states/counties/cities and even our country.
"Such chaos includes closing all state parks, motor vehicles offices, courts, and even the lottery. Public assistance payments would not be made and unemployment payments might also be held up."
Wow, not that will cause chaos. When the entitled society cannot get their money to buy the stuff they are used to getting, things will get ugly. This won't stop here though. What about the thousands of employees at these area that will be shut down. They won't be working, so they will enter the unemployment lines...oops, the unemployment offices will be closed because they don't have money. See where I'm going? The domino effect will be huge. What about the coney dog vendor on the sidewalk outside one of these state office buildings, guess he better not order more dos just yet, because he may not have any customers on Monday.
"Sources said the next emergency bill from Paterson will have up to $350 million in cuts to human services and mental health. But Republicans, who could become Paterson's new allies in the budget battle, aren't satisfied with that.
They want $750 million in new cuts like:
1. Delaying the 10 percent welfare grant increases
2. Withholding welfare from those who don't comply with employment requirements
3. Reducing the personal needs allowance of people in drug and alcohol programs"
They way it looks, somebody has to give. But someone is going to take it hard. $350 million or $750 million, either way the entitlement society won't like the outcome. NY is
Keep you eyes open on this as it may be heading to other states/counties/cities and even our country.
Tuesday, June 8, 2010
The Great Con Job
As much as I don't like Rep. Alan Grayson, he may be on to something here. Take 12-13 minutes out of your day and watch this video about how you and I have been shafted...by our elected officials.
Visit msnbc.com for breaking news, world news, and news about the economy
Sunday, June 6, 2010
Bank Closures - June 4, 2010
1. TierOne Bank, Lincoln, Nebraska, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The 69 branches of TierOne Bank will reopen during normal business hours beginning Saturday as branches of Great Western Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $297.8 million.
2. The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Arcola Homestead Savings Bank, Arcola, Illinois. The bank was closed today by the Illinois Department of Financial Professional Regulation – Division of Banking, which appointed the FDIC as receiver. The FDIC was unable to find another financial institution to take over the banking operations of Arcola Homestead Savings Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.2 million.
3. First National Bank, Rosedale, Mississippi, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The sole branch of First National Bank will reopen on Monday as a branch of The Jefferson Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $12.6 million.
Total Bank Closings = 81
Cost to the FDIC (We The People) this week... 313 Million
Cost to the FDIC (We The People) for 2010 thus far ... approx. $17.6 BILLION
2. The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Arcola Homestead Savings Bank, Arcola, Illinois. The bank was closed today by the Illinois Department of Financial Professional Regulation – Division of Banking, which appointed the FDIC as receiver. The FDIC was unable to find another financial institution to take over the banking operations of Arcola Homestead Savings Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.2 million.
3. First National Bank, Rosedale, Mississippi, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The sole branch of First National Bank will reopen on Monday as a branch of The Jefferson Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $12.6 million.
Total Bank Closings = 81
Cost to the FDIC (We The People) this week... 313 Million
Cost to the FDIC (We The People) for 2010 thus far ... approx. $17.6 BILLION
Saturday, June 5, 2010
Will Probably See More Of This...
We have spent trillions of dollars bailing out the housing and auto industries, Freddie/Fannie, banks and Wall Street, but the states are going under. Fitch has reduced Connecticut's credit rating from AA+ to AA. Who is next? Remember this happened to the country's wealthiest state per capita.
Thursday, June 3, 2010
Here Comes Government Media
They are losing the media battle. There are blogs, online news websites that run 24/7 such as http://www.drudgereport.com/ and the newspaper has become useless even as a fish wrapper. The newspaper moguls need a bailout, but the White House doesn't want to use the term "bailout" because Mr. O has stated "no more bailouts". So what to do? Well enter the FTC, Federal Trade Commission.
The FTC wants to save journalism. This article asked "who asked the FTC to save journalism?" I can tell you who asked...the newspapers and MSM asked. They have seen viewers and subscriptions decline over the last several years. They need a bailout and they have the right administration to do the job. Let us use a Federal agency to do the job, let's reinvent media like it used to be. By doing so they will have millions of "journalists" on federal payroll. They plan on calling it Americorps.
"Subsidizing news organizations by increasing government funding to public broadcasting; establishing an AmeriCorps to pay reporters; giving news companies tax credits for employing journalists; creating a national fund for local news, and giving the press an increased postal subsidy."
Where will the money come from? Where else does the gov get money....FROM US! There will be increased taxes on electronics, and who else knows what else. They will once again gain control of the media and likely limit the type of information that will be able to be released. I am being paranoid you say. Well they have taking over the auto industry, the banking industry, the housing industry (the Fed owns Fannie and Freddie) working on taking control of Wall Street and Health Care and now the media. How can you say I'm paranoid? By having control of the media, they can control blogger's and conservative websites.
Keep your eyes WIDE open on this one!
The FTC wants to save journalism. This article asked "who asked the FTC to save journalism?" I can tell you who asked...the newspapers and MSM asked. They have seen viewers and subscriptions decline over the last several years. They need a bailout and they have the right administration to do the job. Let us use a Federal agency to do the job, let's reinvent media like it used to be. By doing so they will have millions of "journalists" on federal payroll. They plan on calling it Americorps.
"Subsidizing news organizations by increasing government funding to public broadcasting; establishing an AmeriCorps to pay reporters; giving news companies tax credits for employing journalists; creating a national fund for local news, and giving the press an increased postal subsidy."
Where will the money come from? Where else does the gov get money....FROM US! There will be increased taxes on electronics, and who else knows what else. They will once again gain control of the media and likely limit the type of information that will be able to be released. I am being paranoid you say. Well they have taking over the auto industry, the banking industry, the housing industry (the Fed owns Fannie and Freddie) working on taking control of Wall Street and Health Care and now the media. How can you say I'm paranoid? By having control of the media, they can control blogger's and conservative websites.
Keep your eyes WIDE open on this one!
Wednesday, June 2, 2010
Fraud In The Census...Who Would Think That?
Here is a must watch video. If there is no accountability, how much fraud is really occuring?
New York State In Trouble Financially
Now if you and I postponed paying our bills, we would be forclosd upon, or our interest rates would go up to 30%. We need to let cities and states declare bankruptcy and move on. How will lawmakers realize that you can't borrow what you don't have.
New York state delayed paying $2.5 billion of bills...
"This is the third time since December the cash-poor state has withheld funds."
"They are feuding over how deeply to slash health and education programs."
Well, how much do they cut entitlement programs is the question. Cut some and they may loose voters. Cut too much and they loose voters and have riots on their hands (i.e. Greece). Don't cut enough and they are still in financial trouble. Let's see what they do. My bet is they cut a little and need to cut more later. They don't want to loose voters before November elections.
New York state delayed paying $2.5 billion of bills...
"This is the third time since December the cash-poor state has withheld funds."
"They are feuding over how deeply to slash health and education programs."
Well, how much do they cut entitlement programs is the question. Cut some and they may loose voters. Cut too much and they loose voters and have riots on their hands (i.e. Greece). Don't cut enough and they are still in financial trouble. Let's see what they do. My bet is they cut a little and need to cut more later. They don't want to loose voters before November elections.
Tuesday, June 1, 2010
Gotta Love It
This t-shirt can be found at
www.thoseshirts.com/anti-obama-shirts.html
www.thoseshirts.com/anti-obama-shirts.html
They have a bunch more like it there as well...
or these
These are my kind of shirts. Check out their website as they have many designs to choose from.
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