All About Free Stuff

I just got this in my email and thought I should share it with you all…

The folks who are getting the free stuff don’t like the folks who are paying for the free stuff, because the folks who are paying for the free stuff can no longer afford to pay for both the free stuff and their own stuff.

And, the folks who are paying for the free stuff want the free stuff to stop.

And the folks who are getting the free stuff want even more free stuff on top of the free stuff they are already getting!

Now… the people who are forcing the people who pay for the free stuff have told the people who are RECEIVING the free stuff that t he people who are PAYING for the free stuff are being mean, prejudiced, and racist.

So… the people who are GETTING the free stuff have been convinced they need to hate the people who are paying for the free stuff by the people who are forcing some people to pay for their free stuff and giving them the free stuff in the first place.

We have let the free stuff giving go on for so long that there are now more people getting free stuff than paying for the free stuff.

Now understand this. All great democracies have committed financial suicide somewhere between 200 and 250 years after being founded. The reason? The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them.

The United States officially became a Republic in 1776, 231 years ago. The number of people now getting free stuff outnumbers the people paying for the free stuff. We have one chance to change that in 2012. Failure to change that spells the end of the United States as we know it.

ELECTION 2012 IS COMING

A Nation of Sheep Breeds a Government of Wolves!

Obama: Gone!
Borders: Closed!

Language: English only
Culture: Constitution, and the Bill of Rights!
Drug Free: Mandatory Drug Screening before Welfare!
NO freebies to: Non-Citizens!

With No Vote, Taxpayers Stuck With Tab on Bonds

Cities hide the debt from the voters so their brother-in-laws can get the deal to build the parking garage or stadium. 

Surprised local taxpayers from Stockton, Calif., to Scranton, Pa., are finding themselves obligated for parking garages, hockey arenas and other enterprises that can no longer pay their debts. 

Officials have signed them up unknowingly to backstop the bonds of independent authorities, the special bodies of government that run projects like toll roads and power plants. 

The practice, meant to save governments money, has been gaining popularity without attracting much notice, and is creating problems for a small but growing number of cities. 

Data from Thomson Reuters suggests that local taxpayers are backing so-called enterprise debt at five times the rate they did 10 years ago. The resulting municipal bonds are sometimes called “double barreled,” because they are backed by both the future revenue of a project and some sort of taxpayer backstop. The exact wording and mechanics can vary. 

With many cities now preoccupied with other crushing costs — pension obligations, retiree health care, accumulated unpaid bills — a sudden call to honor a long-forgotten bond guarantee can be a bolt from the blue, precipitating a crisis. The obligations mostly lurk in the dark. State laws requiring voter pre-approval of bonds don’t generally apply to guarantees. Local governments typically don’t include them in their own financial statements or set aside reserves to honor them.

With No Vote, Taxpayers Stuck With Tab on Bonds

9-9-9 The Movie - Slaying the Tax Monster

PJ News Break: Cain Explains the 9-9-9 Plan While Union Bosses Cheer Obama

Herman Cain Explains His 9-9-9 Plan

Obama “Jobs” Bill To Hit Municipal Bonds : Stop The ACLU

by William Teach

What do municipal bonds have to do with Obama’s American Jobs Act? Well, according to Barron’s

Municipal bonds have always been synonymous with tax-free income. That would end if President Obama gets his way.Under the jobs bill the President sent to Congress Monday, high-income individuals and families would no longer receive interest from state and municipal bonds free completely from federal income taxes, beginning in 2013. The legislation would also reduce the value of tax deductions for taxpayers in the highest bracket.

Kind of a back door tax increase designed to pay for his $447 billion spending bill as we go down the road. It’s sure not paid for now.

As a result, upper-income investors would suffer the dual blow of lower after-tax income and capital losses from their muni-bond portfolios.That could severe repercussions for the muni market, which only in recent months has recovered from the so-far errant prediction of hundreds of defaults totaling billions of dollars from analyst Meredith Whitney.

“In my opinion, this will have a negative effect on the muni market and could start another wave of heavy withdrawals from muni-bond funds, even though many investors in these funds will be minimally affected,” says Ken Woods, who head Asset Preservation Advisors, an Atlanta manager of bond portfolios specializing in high-net-worth individuals. “The muni investor’s thought process will be, ‘the government’s next step could be the complete elimination of the [tax] exemption.’”

So, those evil rich people would not invest as much in municipal bonds, and could pull some of their money out. Which means there would actually be less money raised from the taxation change. Wow, good plan, Mr. Obama!

 
Read more here: Obama “Jobs” Bill To Hit Municipal Bonds : Stop The ACLU

Veronique de Rugy Tells the Truth about Taxes & Entitlements

Veronique de Rugy: The Facts about the Government's Medicare Cost Projec...

Pensions: Anger Brews Over Government Workers' Benefits - CNBC

When Erin McFarlane looks at public workers, she sees lucrative pension benefits she doesn't ever expect to get. And it makes her mad.

"I don't think that a federal employee or government employee is worth any more than anybody else who does their job and does it well," said the Slinger, Wis., woman. She's been working a couple of bartending jobs since January, when she was laid off from her job at a Harley Davidson plant after almost a decade. 

She's not alone in seeing public servants as public enemies in some ways. 

It's a case of pension envy. 

For McFarlane, 36, it's part of a ubiquitous discussion, at the bars where she works and on Facebook. And it's the center of some of the biggest political battles playing out in state capitals across the country as governors say their states can no longer afford the benefits that public employees have been promised. 

Government workers in McFarlane's state have rallied for weeks against Gov. Scott Walker's efforts to take away many collective bargaining rights, saying that would amount to killing the middle class. 

A USA Today/Gallup poll last month found show that Americans largely side with the employees, though about two in five that want government pay and benefits reined in. 

Barbara Davis, a retiree from Cherry Hill, N.J., has been watching public workers in rallies in Madison, Wis., as well as Trenton. She says the protesters are wrong about tightening benefits hurting the middle class. 

"I'm sorry, but what they're doing is telling off the middle class," said Davis, 76, and a co-chairwoman of the Cherry Hill Area Tea Party. "The middle-class people don't get all the goodies that they do." 

At its heart, the issue is this: Some public workers get a sweet deal compared to other workers. And it's taxpayers who pay for it.

Read more here: Pensions: Anger Brews Over Government Workers' Benefits - CNBC

WSJ- Key Tax Breaks at Risk as Panel Looks at Cuts

It sounds like this panel is only looking to cut our tax breaks rather than dealing with the real problem, which is spending. I guarantee you if the people in Washington, either Democrats or Republicans, get more money then they will only continue to spend our money, like a bunch of drunken sailors on shore leave, rather than paying down the debt.

Key Tax Breaks at Risk as Panel Looks at Cuts

Sacrosanct tax breaks, including deductions on mortgage interest, remain on the table just weeks before the deficit commission issues recommendations on policies to pare back with the aim of balancing the budget by 2015.

The tax benefits are hugely popular with the public but they have drawn the panel's focus, in part because the White House has said these and other breaks cost the government about $1 trillion a year.

At stake, in addition to the mortgage-interest deductions, are child tax credits and the ability of employees to pay their portion of their health-insurance tab with pretax dollars. Commission officials are expected to look at preserving these breaks but at a lower level, according to people familiar with the matter.

The officials are also looking at potential cuts to defense spending and a freeze on domestic discretionary spending. It is unclear if the 18-member panel will be able to reach an agreement on any of the items by a Dec. 1 deadline.

Even if they do reach an agreement, any curbs on current tax breaks would likely face tough sledding in Congress. The banking and real-estate lobbies have fiercely rebuffed efforts to rescind the mortgage-interest deduction in the past.

Still, officials have found there aren't any easy ways to balance the budget, and they are expected to steer clear of more polarizing issues like Medicare, Medicaid, Social Security and a broad rewrite of the tax code in their short-term recommendations. The panel could still make long-term recommendations to change these issues, but they would be less concrete.

"My concern is that the talk of tax expenditures is couched as 'tax reform,' but it's not tax reform," said Alison Fraser, director of the Thomas A. Roe Institute for Economic Policy Studies at the conservative Heritage Foundation. "It's simply a revenue-raising exercise."

Committee officials plan to try to broker a deal in November, after the midterm elections. They have until Dec. 1 to win the support of 14 of the commission's 18 members to endorse a final report. It is possible that the panel's Democrats and Republicans would issue separate reports if they can't agree, people familiar with the process said.

President Barack Obama created the National Commission on Fiscal Responsibility and Reform in February, amid concern from lawmakers and economists that the growing budget deficit could damage the country's long-term fiscal condition. The bipartisan panel, made up mostly of lawmakers but also business and labor leaders, has met for months, at times more constructively than many expected.

"There's a lot of potential for agreement on the committee," said panel member Alice Rivlin, a senior fellow at the liberal-leaning Brookings Institution.

If the commission reaches a consensus, House or Senate leaders could agree to bring some of the changes up for a vote, perhaps early next year, although there is no deadline.

To balance the budget by 2015, excluding interest payments on debt, means officials would need to find roughly $240 billion in annual savings, according to commission documents. Panel officials also hope to issue recommendations that would "meaningfully improve" the country's long-term fiscal situation.

Even though officials are focusing on issues where they believe they can get broad agreement, they will likely face stiff resistance from certain lawmakers and interest groups. Some Republicans are expected to label any caps on tax breaks as a backdoor way of raising taxes. Several lawmakers' offices declined to comment on specific proposals as negotiations aren't yet under way.

Committee officials have also focused on the $700 billion in annual defense spending, which accounts for more than half of domestic discretionary spending. Critics say the government could cut some of the $400 billion spent on outside contractors. But many conservative groups have said cutting military spending would be a mistake, citing national security risks.

Changes to Medicaid and Medicare are unlikely to be recommended despite their looming presence in the U.S. budget. The Congressional Budget Office has estimated that if laws don't change, federal spending on health care alone will grow from 5% of gross domestic product in 2010 to 10% in 2035.

Commission officials looked closely at making short-term changes to Social Security, but talks shifted in recent weeks toward incorporating those ideas into a longer-term plan. This is in part because any changes would probably have to be phased in over years, delaying the budgetary impact for at least a decade.

"My sense from talking to members of the commission is that's where they are focusing [on the long-term recommendation], Social Security reform," said Martin Feldstein, an economics professor at Harvard University who served as a senior official in the Reagan administration.

It remains unclear whether the panel will reach a consensus with negotiations taking place right after the midterm elections, when Washington tends to buzz with political jostling. The imminent debate over whether to extend all or part of the Bush-era tax cuts could also complicate its efforts. The panel isn't expected to weigh in on this issue.

The White House said this month that the budget deficit for the last fiscal year was $1.3 trillion, the second highest in 60 years. The government's revenue was roughly $2.16 trillion in the year ended Sept. 30, compared with $3.46 trillion in outlays.

The White House hasn't signed off on any of the potential proposals as it's waiting for the panel to complete its work.

Mr. Obama "expects that the fiscal commission will continue the process of discussing and analyzing a wide range of ideas and it is premature to describe any specific idea as a conclusion of a commission that has not even voted yet," White House spokesman Amy Brundage said.

The commission "is the last best hope right now for getting some substantive movement on the issue of the deficit, the debt, and the financial disaster we're facing," Sen. Judd Gregg (R., N.H.), a member of the commission, said in a recent interview.

Write to Damian Paletta at damian.paletta@wsj.com

Copyright 2009 Dow Jones & Company, Inc. All Rights Reserved

Still Report #13 March 31, 2010, re: NASA and Big Banks

I didn't fully realize how badly NASA was being underfunded by the Obama administration. It is a sad day when we bailout greedy bankers and auto unions but not our space agency. The solutions he proposes appear to be sound and the dollar amounts needed by NASA are not very large in comparison to true government waste by the Federal government.

Also the Bank of North Dakota sounds like a really good idea and should be something that other state governments should begin to emulate. Why should our tax dollars be given to banks, which then turn around and lend the money to the states at exorbitant interest rates? It doesn't make any fiscal sense.

A Fight Over City Hall—Literally - WSJ

I don't know who the bigger idiots are the City for risking money on a golf course or the bankers for loaning $9.2M backed by two buildings only worth " a few hundred thousands." Either way they both deserve what they get from this realtionship.

By IANTHE JEANNE DUGAN

A financial firm is fighting City Hall—and angling to take over the building itself.

Buena Vista, Va., borrowed $9.2 million through a bond offering in 2005 to refinance a municipal golf course. It pledged as collateral, of all things, its City Hall and police station. Now, amid financial difficulties, the city says it can't pay its debt, triggering a showdown over these public buildings.

On the other side of the battle is a big New York insurance company, ACA Financial Guaranty Corp., which is obligated to pay bondholders if the city defaults.

"They put up City Hall to finance the golf course," says Bonnie France, a lawyer for ACA. "It's collateral, so they could lose it. I've worked in public finance for 30 years and never seen this happen."

Municipalities across the U.S. are struggling with huge debts and shrinking revenue, making them vulnerable to similar situations. Harrisburg, the capital of Pennsylvania, is publicly flirting with bankruptcy. And when Central Falls, R.I., couldn't pay its debt recently, it handed its finances to a receiver.

http://online.wsj.com/article/SB10001424052748703908704575433720458693754.html

If you don't pay your taxes big brother will get you

New Jersey Democrats Propose Raising State income Taxes

Big surprise the Democrats big plan for fixing New Jersey's high taxes is to tax the rich more. Last time I checked the rich already pay more than their fair share. By the way many of the millionaires that will be affected by the new tax are actually small businesses who pay income tax as individuals. (S-Corp)

New Jersey Republican State Committee Chairman Jay Webber Issues Statement On The Democratic Legislative Leaders' Proposal To Raise The State's Income Tax

TRENTON - New Jersey Republican State Committee Chairman Jay Webber today issued the following statement in response to Democratic Legislative leaders’ proposal to raise the state’s income tax.

“There they go again. As if 115 tax increases over the last eight years weren't bad enough, the Democrats want to raise taxes on the most overtaxed people in the nation. We know where their tax increases got us -- job losses, budget deficits, and ever more government spending -- and we are not going back. The Democrats drove this state into the economic ditch, and we're not going to give them the keys to the car again.

"Governor Christie and the Republican Party know that to restore economic growth and prosperity to New Jersey, we need to control government spending, not raise taxes. That's the direction in which New Jersey needs to go."

N.J. Democrats propose tax hike on those making more than $1M
By Statehouse Bureau Staff
Star Ledger
May 10, 2010, 2:13PM

Top Democratic lawmakers today proposed raising taxes on so-called true millionaires -- those making more than $1 million a year -- to pay for restored senior property tax rebates and prescription drug benefits.

Democratic legislators, led during a Statehouse news conference by Senate President Stephen Sweeney (D-Gloucester) and Assembly Speaker Sheila Oliver (D-Essex), said the tax increase would apply to about 16,000 New Jersey residents.

"When the governor talks about shared sacrifice I think we all get it, and we all agree," said Sweeney. "But shared sacrifice means 100 percent of us share in the sacrifice, not 99 percent."

The plan challenged Republican Gov. Chris Christie's pledge against raising taxes in the budget for the fiscal year that starts in July. Christie has argued that a repeat of last year's income tax surcharge -- which affected those with incomes over $400,000 -- would hurt small business owners and slow economic growth.

Christie immediately rejected the Democrats' proposal, accusing them of trying to "pander" to senior citizens with a one-year fix that will harm the state's broader economy. He repeated his vow to veto any tax increase, and characterized the dispute as a "philosophical difference" between himself and foes who want a bigger government.

The governor questioned how lawmakers proposed to raise the same amount of revenue from 16,000 taxpayers that had previously been raised from 63,000 people.

"It's a cute idea, but their math doesn't work," Christie said.

He spoke at a news conference where he introduced a 33-bill package of reforms, including a constitutional amendment capping property tax hikes at 2.5 percent. The only exceptions would be for towns' debt service or if local voters decide to override the cap. Contract awards for public workers like police, firefighters and teachers -- including salaries, health benefits, vacation time and other perks -- also could not increase by more than 2.5 percent a year.

Those changes -- which would require legislative approval -- would truly make a difference for senior citizens who want an affordable state, Christie said.

http://www.nj.com/news/index.ssf/2010/05/nj_democrats_to_propose_tax_hi.html

GE: 7,000 tax returns, $0 U.S. tax bill

GE: 7,000 tax returns, $0 U.S. tax bill

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Contract from America

http://www.thecontract.org/
1. Protect the Constitution
2. Reject Cap & Trade
3. Demand a Balanced Budget
4. Enact Fundamental Tax Reform
5. Restore Fiscal Responsibility & Constitutionally Limited Government in Washington
6. End Runaway Government Spending
7. Defund, Repeal, & Replace Government-run Health Care
8. Pass an ‘All-of-the-Above” Energy Policy
9. Stop the Pork
10. Stop the Tax Hikes

Simple yet elegant just like our founding documents.

Illinois Prison Guards Run Out of Bullets......

Actually it was the trainees. It seems that the great state of Illinois, you might of heard of the place it's the President's home state, is broke as a joke.

State forced to make emergency ammo purchase when usual vendor demands money up front

SPRINGFIELD - The Illinois Department of Corrections was forced to make an emergency purchase of ammunition last month because of the state's inability to pay its bills.

The purchase happened after one of the state's ammunition vendors, Shore Galleries Inc., refused to ship bullets unless the company was paid upfront. The state owes the Lincoln-wood firm $6,000.

The department was able to find a new vendor quickly in Indiana and ordered 761,000 rounds for nearly $200,000.

Requests for comment from Shore Galleries Inc. were not immediately returned.

Corrections spokeswoman Januari Smith said guards were not in danger of having too few bullets to deal with inmates in the nearly 30 prisons throughout the state.

"Public health/safety was never at risk," she wrote in an e-mail response to questions about the no-bid bullet purchase.

Rather, the shortage affected cadet training academies, where future prison guards learn their trade. During their six weeks of training, each cadet uses roughly 600 rounds.

http://www.herald-review.com/news/state-and-regional/fb81093f-7a02-50d0-ac87-435778706729.html

Update on the People's Republic of California

Urban Dictionary- Quasi-communist state loosely associated with the United States of America. Located South of Oregon and West of Arizona and Nevada. Home of all the fruitcakes and malcontents from the rest of the US. Noted for horrible drivers and a porous border. Largest non-English speaking population in the US.

One only has to look at California to see the rest of the country's future thanks to the socialist agenda which has shaped that state's failed policies.

California's economy is the largest of any state in the US, and is the eighth largest economy in the world. As of 2008, the gross state product (GSP) was about $1.85 trillion, which accounted for 13% of the United States gross domestic product(GDP). However, California's economic recovery is predicted to lag behind the nation's in 2010. Economists at the UCLA Anderson School of Business predict that California's economy will only begin to increase when U.S. consumers start buying again and goods come through the region's ports and transportation hubs, so do your duty America and buy some cheap Chinese crap on your credit card, if you still have one, to help California's economy. The state's unemployment rate won't fall below double digits until 2012, economists predicted.

So my question is how are people supposed to buy things when they are unemployed, gas prices will be above $4 by Memorial Day, and their homes aren't worth crap? They can't and I don't need a degree in economics to know that! But the news gets better, because the City of Los Angeles is actually broke. Yes, they are completely broke:

The city's top financial official issued a grim assessment of the escalating budget crisis Monday, warning that Los Angeles could be unable to pay its bills in just over four weeks.City Controller Wendy Greuel declared an "urgent financial crisis" and said the only way to continue paying bills in the short term was to begin to drain the city's already limited emergency reserve.

http://www.latimes.com/news/local/la-me-la-city-budget6-2010apr06,0,2012176.story?track=rss

As if the news wasn't bad enough in the City of Angels we get this from Sacramento:

According to a new report by a group of Stanford University graduate students,the shortfall facing California's public pension systems could reach more than half a trillion dollars over the next decade and a half. A summary of the report, released Monday, also said the current recession has cost the three systems — for the state's public employees, schoolteachers and University of California workers — $109.7 billion in lost investment value. The report says the systems' basic growth assumptions are too rosy. The report was prepared for Gov. Arnold Schwarzenegger, who has made pension reform a top issue his last year in office. Because pension benefits are guaranteed, the state's general fund, facing a $19 billion deficit through next summer, must make up any shortfalls.

http://www.mercurynews.com/ci_14825500?source=most_emailed&nclick_check=1

First there was Bear Sterns. Then Fannie and Freddie. Then AIG and the TARP programs. Finally the American Auto Industry. Can you see what's coming next, ........the "California Cleanup" ....the latest and greatest bailout by the Federal government (thank god they don't have to balance the federal budget and they can print money otherwise it would be broke too), which will be pushed through Congress by the Speaker of the House (Democrat from California) and our President who needs those 55 electoral votes if he wants a snowballs chance in hell of beating whatever piece of crap the GOP nominates (Romney currently leads the polls but do we really want the guy who created Obamacare before it was known as Obamacare as our next President).

How's the future look America aren't you excited about our future!

Me neither which is why I have plan. When, not if, Texas secedes I'm moving there if they'll have me. http://www.texassecede.com/ Care to join me.

Healthcare Bill to Cause U.S. Hyperinflation By 2015

Very scary stuff.


FORT LEE, N.J., March 20 /PRNewswire/ -- The National Inflation Association - http://inflation.us - today issued a warning to all Americans of a potential outbreak of hyperinflation in the U.S. by year 2015 caused primarily by the healthcare bill and rising interest payments on our national debt.

Medicare was created in 1966 at a cost of $3 billion per year and the House Ways and Means Committee estimated in 1966 that in 1990 the cost of Medicare would reach $12 billion per year. Instead, the actual cost of Medicare in 1990 was $107 billion (792% more than what was projected) and today Medicare costs $408 billion annually. In 2003, the White House Office of Management and Budget estimated that the Iraq War would have a total cost of $50 to $60 billion. So far, we have already spent $713 billion on the Iraq War (over 1,000% more than what was projected).

The Congressional Budget Office is estimating that the healthcare bill will cost $940 billion over the next 10 years, but if history is any indication, the actual cost will likely be several trillion dollars. NIA believes the healthcare bill will be the final nail in the coffin of the U.S. economy and will just about guarantee that we will see hyperinflation by the year 2015.

The U.S. government last week reported a record monthly budget deficit for February 2010 of $220.9 billion. Total tax receipts for the month were only $107.5 billion compared to outlays of $328.4 billion. The total U.S. deficit for the first five months of fiscal year 2010 was $651.6 billion, with tax receipts of $800.5 billion and outlays of $1.45 trillion. The deficit was up 10.5% for the first five months of fiscal year 2010 over the same period in fiscal year 2009.

We are now at a point where if the U.S. government taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the U.S. government cut 100% of its spending including defense, but kept paying Social Security, Medicare and Medicaid, we would still have a budget deficit. NIA believes it will be impossible for the U.S. to have a balanced budget ever again.

The U.S. national debt is now $12.67 trillion of which $8.061 trillion is public debt. Due to the Federal Reserve's artificially low interest rates of 0% to 0.25%, interest payments on our national debt last month were only $16.9 billion, an interest rate of only 2.548% on our public debt. The reason for the spread between our 2.548% interest rate on the public debt and the federal funds rate of 0 to 0.25% is that a portion of our national debt is made up of long-term bonds at higher interest rates.

Our debt ceiling was recently raised to $14.3 trillion, which we are on track to reach in less than a year, sending our public debt up to about $10 trillion. If the Federal Reserve raises the federal funds rate up to just 2% during the next year, NIA believes the interest rate on our public debt could rise to 5% and our annual interest payments will likely rise to $500 million or 23% of projected 2010 tax receipts of $2.165 trillion.

The White House is not projecting for interest payments on the national debt to break the $500 million mark until fiscal year 2014. By then, even if we go by White House projections that the deficit will be cut to $828 billion in 2012, $727 billion in 2013 and $706 billion in 2014, in 2014 we will still be looking at a national debt of over $18.5 trillion with a public portion of around $13.14 trillion. We find it shocking that the White House is projecting an interest rate on our public debt in 2014 of only around 4%.

All of this means that the While House expects the Federal Reserve to leave interest rates at artificially low levels almost indefinitely. However, we know it will be impossible for them to do so without creating a huge outbreak of inflation in the prices of food, energy, clothing, and just about everything else Americans need to live and survive. In order to prevent hyperinflation, we need interest rates to be higher than the rate of inflation.

NIA believes the real rate of U.S. inflation to already be approximately 5%. If the Federal Reserve doesn't raise the federal funds rate to above 5% in the short-term, in our opinion, an outbreak of double-digit inflation is inevitable. By 2014, it is possible the Federal Reserve will be forced to raise the federal funds rate up to above 10% and the public portion of our national debt could exceed $15 trillion. Therefore, in 2014 we could see the interest payments on our national debt reach $1.5 trillion, about triple what is currently being projected and 43% of the government's projected tax receipts that year of $3.455 trillion.

Besides the cost of the healthcare bill and rising interest payments on our national debt, another major catalyst for hyperinflation will be social security payments, which adjust to the CPI-index. As the government's CPI-index rises, so will the social security payments that it owes. This could cause a death-spiral in the U.S. dollar. Inflation is still the last thing on the minds of most Americans, but soon it will be their primary concern.

To receive NIA's latest updates about inflation and the economy, sign-up for the free NIA newsletter at: http://inflation.us

About us:

The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation. The NIA offers free membership at http://www.inflation.us and provides its members with articles about the economy and inflation, news stories, important charts not shown by the mainstream media; YouTube videos featuring Jim Rogers, Marc Faber, Ron Paul, Peter Schiff, and others; and profiles of gold, silver, and agriculture companies that we believe could prosper in an inflationary environment.

Contact: Gerard Adams, 1-888-99-NIA US (1888-996-4287), editor@inflation.us


SOURCE National Inflation Association

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http://www.Inflation.us

How many American receive a check from the Government?

The numbers are quite staggering.

138 Million Americans Work
109 Million American Actually Pay Taxes
14.9 Million Americans are Unemployed (the actual number rises to 26 Million Americans when you count those that are currently receiving extended unemployment benefits)
16.7 Million Americans are either employed by State Government or Local Municipalities
4.2 Million Americans work for the Federal Government
37.7 Million Americans are Retirees or Disabled and receive benefits from Social Security

So based on these numbers 19% of all the taxpayers work for the government whether it be federal, state or local. When you total all the people receiving Social Security, unemployment checks, and a paycheck from the government you get a little more than 73 Million Americans receiving some sort of governmental check. This means that of the people paying taxes, which includes retirees,the unemployed and government workers (except of course if you head the Treasury or work in the Cabinet) only 34% of us are not also receiving a check from the government.

These numbers come straight from a recent Patriots Trading Group Podcast. These guys are awesome and I highly recommend that everyone listen to their podcasts. http://www.allamericangold.com/radio.html