LIKE A CROCK

GM Repaid Government Loan Ahead of Schedule 

 

 

So how has GM, which lost $38 billion in 2007 even as it sold 9.4 million cars, paid back its debt? It took money from the escrow account to pay back the $6.7 billion loan.  Do you remember when you were a kid and your parents gave you $20 to buy them a Christmas present? You bought them something worth $3 and pocketed the rest? That's what GM has just done.  Oh, and do you remember when you hit your parents up for college? GM has applied for a $10 billion, low-interest loan from the government to modernize its plants so its cars will meet new federal mileage standards.

They should run this one...........

No More Gardens !!!!

Senate Bill 510

Senate Bill 510, the Food Safety Modernization Act, has been called “the most dangerous bill in the history of the United States of America.” It would grant the U.S. government new authority over the public’s right to grow, trade and transport any foods. This would give Big brother the power to regulate the tomato plants in your backyard. It would grant them the power to arrest and imprison people selling cucumbers at farmer’s markets. It would criminalize the transporting of organic produce if you don’t comply with the authoritarian rules of the federal government

Is this fuckin crazy !!!!

"Do you have a permit for that tomato plant".........
"Susan, did you pay the garden tax yet" ........ 
"The fed guys were here to check the size of the carrots you are growing and found you have 3 cucumber plants that are not on the Food Safety Modernization form and they also said that a dog shit is within 12' of the food growing safety zone........ I told you to pick up Morgan's shit"

More from Alex Jones

When are we gonna pull our heads out of the sand?

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Fuck The Fed

Price Reduced 3 Bedroom 1 Bath $250

GREAT OPPORTUNITY TO OWN AN INVESTMENT PROPERTY IN DETROIT. COME AND SEE THE VALUE. THIS IS A FANNIE MAE HOMEPATH PROPERTY . PURCHASE THIS PROPERTY FOR AS LITTLE AS 3% DOWN! THIS PROPERTY IS APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING. ALL OFFERS MUST BE SUBMITTED TO BIDSELECT.COM!!

 3% down ????????? shit. where the hell m I gonna come up with 8 bucks.

American Dream


Many More Guberment Homes to Choose From

Interest On The National Debt

This always gives me a chuckle.

Back in 1988 the US debt was $2,602,337,712,041.16  (That's $2.6 trillion).

In 1988 it cost us $214,145,028,847.73   ($214 billion) in interest costs to carry that debt.

The yield on treasury bills/notes (US Savings Bonds) is what determines our interest rates.

In 1988 the average 10 year yield was 8.85%.   Today it is 2.62%.


As of September 30, 2010  (the end of fiscal year) our debt stood at $13,561,623,030,891.79  ($13.5 trillion buckaroos).
In 2010 it costs us $413,954,825,362.17 ($413 billion pieces of paper) to finance it.

Here comes the funny part..............
If we had to pay......... like lets say the US didn't have the Federal Reserve to buy $600 billion over the next 8 months to purchase all those little IOU's that the treasury will be issuing.......and we had to rely on other nations to buy our debt so we could pay for our military...... food stamps..... roads.....unemployed........mortgages......Wall Street bonuses..........on and on......those nations would demand higher interest on the junk they are buying.
If we had to pay, the same rate of 8.85% like we did back in 1988  then it would costs us around $1.3 trillion just to for the interest on the debt outstanding.
That's more than all the federal income taxes and corporate taxes we take in now.
And more than $2 trillion if we had to pay the same yields as we did back in 1981.
That, my friends, is close to all federal revenue........ in other words all taxes would go to paying for stuff we already used.

Should I mention how back in March of 2002 they stopped issuing 30 year treasuries till March of 2005 and how a vast majority of our debt was and still is sold in bills and short term notes? That means as we find it harder and harder to find NEW buyers for the debt we are creating, we will also need to find buyers to replace those maturing securities.
OK I won't.

What the fuck are we gonna do in 8 months when QE2 is done? Who is gonna buy our debt? And what will the costs be?
And the fucktards just came out with the plan to save $200 billion a year but it won't start till 2012.

UNREAL.

The democratic party, the republican party, the tea party, the peanut butter and jelly party not even Sarah Palin can save us from what is on the horizon.
Get your protest attire ready, within a few years we will need it. Watch Europe and study the breakup of the Soviet Union.

Guns, Gold and Garden......... and chickens.


This is not gonna be pretty.

Make The Old Farts Work

Work till ya drop.

Boehner said he'd favor increasing the Social Security retirement age to 70 for people who have at least 20 years until retirement, tying cost-of-living increases to the consumer price index rather than wage inflation, and limiting payments to those who need them.

"I got a Boner" then goes on to tell us how broke the US is...............

"We need to look at the American people and explain to them that we're broke," Boehner said. "If you have substantial non-Social Security income while you're retired, why are we paying you at a time when we're broke? We just need to be honest with people."

I have no problem with spending cuts. But.......but the cuts MUST be across the board.

Asked about funding the war in Afghanistan, given his dire view of the government's financial condition, he replied: "How can we afford not to? The number one responsibility of the federal government ... is to provide security to the American people. As difficult as it is and as expensive as it is, we don't have a choice."

Fuckin,  "I got a Boner" is tellin the old farts to stop complainin or he will take away the handicripple parking spots at all Wal-Marts.
Whats mo important.......... Haliburton, Lockheed-Martin, Boeing, Exxon/Mobil......... or some old fart that has to collect the shopping carts at Wal-Mart in order to make ends meet?
Exactly......... defense contractors.
It costs big bucks for our 700+ military bases spread out in the 130 out of 194 nations on this planet.
Waaaaayyyyy more important than grandma and grandpa. Besides, all they do is nap and play bingo. Boring.
Our military protects us from those evil doers and that guy Al..........Al.........oh crap I always forget his last name........then how about his cousin Bin........ uhmmm  Bin ........ ahfugetaboutit.

Indonesia's Mount Merapi

Mount Merapi, the central Indonesian volcano that began erupting on Oct. 26, continued its streak of eruptions over the weekend, pushing the death toll from its deadly blasts even higher.

As of Sunday, Merapi's recent explosive blasts have killed 156 people, a doctor at Indonesia's Sardjito hospital told CNN. 



And I was complaining this morning of having to rake more leaves..........(sic)




Check out these amazing pics............


Ouch

Election Is Over

Awesome.......Let's hope the republicans and tea baggers cut some of dat "Wasteful Spendin".

Ya right....... can't touch the defense budget. 911........911.......911......suspicious package on plane.......
Besides, the money we spend on ours suckuritay ........ is well planned out.

Ships Suck!!!
 
Northrop warship gets failing combat grade

A US$1 billion-plus warship developed by Northrop Grumman Corp is ineffective and unsuitable for combat, according to the Pentagon, dealing a blow to the company as it looks to sell its shipbuilding unit.


Michael Gilmore, the Pentagon's top weapons tester, assessed the LPD-17 amphibious warfare ship as being "not effective, not suitable, and not survivable in a combat situation," a Defense Department spokeswoman said.
Defence Secretary Robert Gates has repeatedly questioned the future of such forcible U.S. landings, "especially as advances in anti-ship systems keep pushing the potential launch point further from shore," as he put it in May.


OK, so they won't work for us........

It gets better...


The first three ships of the class - San Antonio, New Orleans and Mesa Verde - have successfully completed overseas deployments, the Navy said.
 
WTF????

The Navy's current five-year shipbuilding plan calls for buying an 11th and final LPD-17 in fiscal 2012, which starts Oct. 1, 2011, but Congress has not approved this.

The Navy estimates the price tag of the 11th ship at just over US$2 billion, according to an Oct. 4 report by the nonpartisan Congressional Research Service.

Northrop Grumman, the Pentagon's No. 3 supplier by sales

Check it out dudes..... $24 billion in 2008 contracts......
  it may shed a little light on why we have a wars.

fedspending.org


I have nothing to say. ..... we are so fucked.

Please check out Wiki on this ........ 

USS San Antonio LPD-17