The economic situation in the U.S. is far worse than anyone could have dreamed or perhaps night-mared. Looking at the entitlement programs such as social security is more like a horror movie where the good guy doesn’t win. The economic blood has been sucked from the veins of millions of U.S. citizens and there is nothing that can be done to stop this uncontrollable beast. This debt monster is now consuming 10 percent of the GDP. And it is projected that the appetite of this monster will consume 50 percent 0f the GDP by 2080. Experts have
estimated mandatory spending will far exceed government revenues somewhere between 2030 and 2040. However the most recent government figures now suggest this will more than likely happen closer to 2020, a mere decade from now! This week, there was news that the Social Security system was is in much worse shape than previously projected. According to the Congressional Budget Office, this year the Social Security system will
pay out more in benefits than it receives in payroll taxes. This was not supposed to happen until at least 2016. Supposedly The Social Security Trust Fund is based on a $2.5 trillion figure that is at best very misleading. There is not $2.5 trillion sitting around in a bank account, the truth of the matter is there are no assets to speak of. There are however $2.5 trillion in U.S. government IOUs. As it turns out with the advent of millions of baby boomers beginning to retire, the Social Security system is starting to need this money ahead of schedule. So the obvious
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question is where will the money come from? Well I suppose the only option is to borrow it. Which of course opens the cage of the horrifying debt monster to continue his blood lust on millions of American citizens.The 2009 Financial Report of the U.S. Government was recently released, and it basically says that the U.S. government is facing financial Armageddon if something drastic is not done…. Absent a change in policy, under this scenario, the interest costs on the growing debt together with spending on major entitlement programs could absorb
92 cents of every dollar of federal revenue in 2019. As a nation we are we are speeding down “Oblivion Blvd”. And until we hit the financial block wall the vast percentage of Americans will not be motivated to do anything about it. And of course, unlike the horror movie…the anecdote for this horror will more than likely be to little to late. The government has absolutely no shame as it has now resorted to pan-handling. Of course you will not see federal employees at your local super-market
begging for spare change. But you will find them here asking you for donations to help bring down the national debt. That by virtue of itself is extremely galling considering, every April 15 our good fiends in Washington D.C. are demanding a birthday present.
I could go on and on, but I thought it might impress you a little more if you saw in black and white just how our government uses our hard earned dollars. I suggest youstrap yourself into your chair, I would hate for you to fall out. Since most of you don’t have the type of health care our elected officials have at their disposal. Here are a list of some of the expenditures that are part of the Democratic $862 billion stimulus package. Just a note, have you noticed the last three letters in the word Democrat. Just making an observation.
1. $100,000 IN STIMULUS FUNDS USED FOR A MARTINI BAR & BRAZILIAN STEAKHOUSE:
SHERYL ATKINSON, CBS News: “You probably wouldn’t guess that a martini bar and a Brazilian steakhouse would be on tap for stimulus funds, but in St. Joseph, Missouri, two privately owned facilities are getting 100,000 of your tax dollars.”(CBS’s “CBS Evening News,)
2. $390,000 TO STUDY MALT LIQUOR AND MARIJUANA CONSUMPTION:
“The State University Of New York at Buffalo won $390,000 to study young adults who drink malt liquor and smoke marijuana.” (“Senate GOP Point Out ‘Pure Waste’ Found In Stimulus Package,” The Hill, 12/8/09)
3. $210,000 TO STUDY LEARNING PATTERNS OF HONEYBEES:
“The University Of Hawaii collected $210,000 to study the learning patterns of honeybees, and $700,000 went to help crab fishermen in Oregon recover lost crab pots.” (“Senate GOP Point Out ‘Pure Waste’ Found In Stimulus Package,” The Hill, 12/8/09)
4. $1 MILLION TO STUDY ANTS:
“Half a million dollars went to Arizona State University to study the genetic makeup of ants to determine distinctive roles in ant colonies; $450,000 went to the University Of Arizona to study the division of labor in ant colonies.” (“Senate GOP Point Out ‘Pure Waste’ Found In Stimulus Package,” The Hill, 12/8/09)
5. $15,551 TO STUDY DRUNK MICE:
“The rodent study at Florida Atlantic University in Boca Raton used $15,551 in stimulus funds to pay for two summer researchers to help gauge how alcohol affects a mouse’s motor functions.” (“Stimulus Money And Weird Science: Benefit Or Boondoggle?” The Orlando Sentinel, 2/16/10)
6. $4,200-$5,500 TAX CREDIT FOR PURCHASING GOLF CARTS:
“President Obama’s stimulus plan is now paying Americans to buy that great necessity of modern life, the golf cart.” “Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama’s stimulus plan, Uncle Sam is now paying Americans to buy that great
necessity of modern life, the golf cart. The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart.” (“Cash For Clubbers,” The Wall Street Journal, 10/17/09)
7. $219,000 TO STUDY THE SEX LIVES OF FEMALE COLLEGE FRESHMEN:
“Five hundred Syracuse University freshmen will divulge the details of their sex lives… $219,000 in stimulus funds for the study.” “Five hundred Syracuse University freshmen will divulge the details of their sex lives as part of a women’s health study called ‘The Women’s
Health Project,’ being conducted by Michael Carey, SU professor of psychology and medicine. Carey has found himself the target of nationwide criticism from conservatives since he received $219,000 in stimulus funds for the study, which looks at the sex patterns of college women.” (“SU Sex Study Raises Concern,” The [Syracuse] Daily Orange, 9/8/09)
8. $1 MILLION TO RENOVATE “THE SUNSET STRIP”:
“Sunset Boulevard, also known as ‘The Sunset Strip’ and one of the most famous streets in the world, will be getting a $7 million facelift after more than 75 years of use, with a free million dollar nose job coming from Uncle Sam. The City of West Hollywood Council received one
million dollars in federal funds from the Federal American Reinvestment and Recovery Act (ARRA), (otherwise known as the $700 billion federal stimulus package), for the long-planned Sunset Strip Beautification Project, which is scheduled to break ground soon. The guaranteed
funding will allow the City to increase the already nearly $7 million budgeted for this project by an additional $1,105,000, meaning enhancements to a project that already included the resurfacing of the roadway, sidewalk and improved landscaping.” (“Feds Stimulus Sunset Strip Beautification Project,” WeHoNews, 9/28/09)
9. $325,394 TO STUDY “MATING DECISIONS” OF CACTUS BUGS:
The Cactus Bug Project at the University Of Florida is more ambitious, spending $325,394 in stimulus money to determine how environment affects the mating decisions of females. According to the project proposal, it should also answer the question, ‘Whether males with large weapons are more or less attractive to females.'” (“Stimulus Money And Weird Science: Benefit Or Boondoggle?” The Orlando Sentinel, 2/16/10)
10. $500,000 TO STUDY “SOCIAL NETWORKS LIKE FACEBOOK”:
“A $498,000, Three-Year Grant” To Study “Social Networks Like Facebook.” “Millions of Internet users have been enjoying the fun — and free — services provided by advertiser-supported online social networks like Facebook. But Landon Cox, a Duke University assistant
professor of computer science, worries about the possible down side — privacy problems. … To delve deeper into these issues and begin the search for alternatives, Cox recently won a $498,000, three-year grant from the National Science Foundation. The funding is part of the
federal stimulus package called the American Recovery & Reinvestment Act of 2009 (ARRA).” (“Seeking Privacy In The Clouds: Research Aims At Isolating Social Network Information From ‘Control Of A Central Entity,'” Science Daily, 10/15/09)
11. $3.4 MILLION FOR A TURTLE TUNNEL IN FLORIDA:
“The other third of the stimulus, government infrastructure spending, has been the most controversial from the start. Some proposals have been criticized as wasteful, such as … A $3.4 million ‘ecopassage’ to help turtles cross a highway in Tallahassee, Fla.” (“The Challenge In Counting Stimulus Returns,” The Wall Street Journal, 10/27/09)
12. $30 MILLION FOR A SPRING TRAINING BASEBALL COMPLEX FOR THE ARIZONA DIAMONDBACKS AND COLORADO ROCKIES: “A big chunk of the money that will pay for a new spring-traning training baseball complex on tribal land in the East Valley will be delivered bia a financing program that’s part of the federal economic-stimulus plan. The Salt River Pima-Maricopa Indian
Community says it may borrow as much as $30 million of the estimated cost of the $100 million complex near Scottsdale that will become the spring home of the Arizona Diamondbacks and the Colorado Rockies. (“Stimulus To Help Tribe Build Baseball Complex,” The Arizona Republic, 9/17/09)
13. $54 MILLION IN STIMULUS FUNDS USED FOR THE NAPA VALLEY WINE TRAIN:
JONATHAN KARL, ABC News: “The Napa Valley Wine train, to tourists a great way to see America’s most celebrated wine region, to others exhibit A in what’s wrong with the stimulus.” SEN. TOM COBURN: “What that is, is a situation where you see the wealthy or well connected
get taken care of and the community suffers.” KARL: “He’s talking about the Napa Valley wine train relocation project, 54 million stimulus dollars to build a new rail bridge, elevate and relocate 3,300 ft of tracks and put flood walls around the train’s main station. (ABC News’ “Good Morning America,” 2/2/10)
14. $50,000 IN STIMULUS FUNDS USED FOR A TENNIS COURT IN MONTANA:
DAVID MATTINGLY, CNN: “I Came To Bozeman to find a city on thin ice over how it’s spending stimulus money — $50,000 to erase all of these cracks and potholes in city tennis court. … Montana Governor Brian Schweitzer wants to make Bozeman an example of how not to
spend stimulus money.” … GOV. BRIAN SCHWEITZER: “What they violated was that rule of common sense. There ought to be that little guy in your head that waves his finger at you and says, wait a minute, we might want to rethink this thing.
15. $250 STIMULUS CHECKS WENT TO PRISONERS:
MEGYN KELLY, Fox News: “Thousands to a million of your stimulus dollars have gone straight to convicts. That’s right, the feds sending $250 stimulus checks to thousands upon thousands of prisoners… We’re talking first degree murders who are getting your money. (Fox News’ “America’s Newsroom,” 8/26/09)
Well America what exactly is it going to take to awaken you from your slumber. Is there a device that is capable of pulling you away from the super-bowl. Maybe some 3-D glasses to help you see a little more clearly, what is taking place right under your noses. I haven’t even begun to broach the cost over-runs for the King’s glorious war in Afghanistan. Please wake up.
Facts 42 – 35
#42) The average duration of unemployment in the United States has risen to an all-time high.
#41) The bottom 40 percent of all income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
#40) In the U.S., the average federal worker now earns about twice as much as the average worker in the private sector.
#39) Back in 1950 each retiree’s Social Security benefit was paid for by 16 workers. Today, each retiree’s Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers for each retiree.
#38) According to a U.S. Treasury Department report to Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.
#37) The federal government actually has the gall to ask for online donations that will supposedly go towards paying off the national debt.
#36) The Cactus Bug Project at the University Of Florida was allocated $325,394 in economic stimulus funds to study the mating decisions of cactus bugs.
#35) A dinner cruise company in Chicago got nearly $1 million in economic stimulus funds to combat