For the items on the debt clock that are in a decreasing state I did the calculations to see how long, at their current pace, it would take to reach zero.
Total personal Debt 64 years
Mortgage Debt 82 years
Consumer Debt 141 years
Credit Card Debt 33 years
Federal Reserve Monetary Base 4 years
Personal Savings 1.4 years
Small Business Assets 26 years
Corporate Assets 48 years
Personal savings and the Federal Reserve Monetary Base are slightly disturbing and need immediate action. Then getting small business in order. The decreasing debt is a good thing so keep that going.
A little taste of political logic (with a side dose of insanity and humor to make things interesting.) My life will occassionally be brought in with some journalism.
Wednesday, January 6, 2010
Prediction
I will attempt to prevent the next massive recession by simply requesting that all "Credit Default Swaps" be made null and void and any future such agreements illegal. Let them get insurance like everyone else.
If the Total US Debt is reduced by a million dollars per minute it will take 104 years to pay off. Based on my completely amateur observations I determined the following by watching http://www.usdebtclock.org/#
U.S. National Debt +
U.S. Federal Tax Revenue +
U.S. Income Tax +
Payroll Tax +
State Revenue +
State Debt +
Local Revenue +
Local Debt +
U.S. Federal Spending +
U.S. Federal Budget Deficit +
Medicare/Medicaid +
Social Security +
Federal Pensions +
Defense/Wars +
Interest on Debt +
Earmarks +
U.S. Gross Domestic Product +++
U.S. Total Interest +
U.S. Total Debt -
Total Personal Debt -
Mortgage Debt -
Consumer Debt -
Credit Card Debt -
Federal Reserve Monetary Base -
Currency and Credit Derivatives +++++
U.S. Government Bailouts -
Personal Savings -
U.S. Debt Held By Foreign Countries +
U.S. Trade Deficit +
U.S. Trade Deficit with China +
Imported Oil +
Small Business Assets -
Corporation Assets -
Household Assets+++
Total National Assets ++
Social Security Liability +
Prescription Drug Liability +
Medicare Liability +
U.S. Unfunded Liabilities ++
U.S. National Debt +
U.S. Federal Tax Revenue +
U.S. Income Tax +
Payroll Tax +
State Revenue +
State Debt +
Local Revenue +
Local Debt +
U.S. Federal Spending +
U.S. Federal Budget Deficit +
Medicare/Medicaid +
Social Security +
Federal Pensions +
Defense/Wars +
Interest on Debt +
Earmarks +
U.S. Gross Domestic Product +++
U.S. Total Interest +
U.S. Total Debt -
Total Personal Debt -
Mortgage Debt -
Consumer Debt -
Credit Card Debt -
Federal Reserve Monetary Base -
Currency and Credit Derivatives +++++
U.S. Government Bailouts -
Personal Savings -
U.S. Debt Held By Foreign Countries +
U.S. Trade Deficit +
U.S. Trade Deficit with China +
Imported Oil +
Small Business Assets -
Corporation Assets -
Household Assets+++
Total National Assets ++
Social Security Liability +
Prescription Drug Liability +
Medicare Liability +
U.S. Unfunded Liabilities ++
Advice to the CIA
The recent attack on our CIA in Afghanistan involving a trusted Jordanian triple agent has shown that the old CIA tactics of the Cold War won't work with the current war. Why? You can always bribe a Communist. You can't bribe a radical religious extremist.
So my advice is stop trying to bribe them. Find them, interrogate them, kill them.
http://blogs.reuters.com/pakistan/2010/01/05/attack-on-the-cia-in-afghanistan-raises-jitters-in-pakistan/
So my advice is stop trying to bribe them. Find them, interrogate them, kill them.
http://blogs.reuters.com/pakistan/2010/01/05/attack-on-the-cia-in-afghanistan-raises-jitters-in-pakistan/
With Friends Like These....
A Slovak test of their dogs in which an agent left two explosives in unsuspecting passenger bags at an Airport in Slovakia resulted in the passenger flying the bomb to Ireland without knowing it.
When they found out they contacted the plane. They didn't contact Ireland for four days after the incident.
With friends like these who needs enemies?
http://www.bloomberg.com/apps/news?pid=20601102&sid=aQ.jT51geFx0
When they found out they contacted the plane. They didn't contact Ireland for four days after the incident.
With friends like these who needs enemies?
http://www.bloomberg.com/apps/news?pid=20601102&sid=aQ.jT51geFx0
Dems Dropping Like Flies....
Chris Dodd isn't running for re-election. At least three other Dems have announced they are not running for election or re-election.
The deal here might be what those with nothing to lose might do with power.
The deal here might be what those with nothing to lose might do with power.
Budget Assistance?
How about this for a helpful solution to the budget shortfall:
Cap the pay of anyone receiving Maine government funds to be no more than $1 million when including benefits. If it is, take the paycheck and run back to Augusta's coffers. This would include executives and top positions in the University of Maine system.
Just saying. Now step away from the banana.
Cap the pay of anyone receiving Maine government funds to be no more than $1 million when including benefits. If it is, take the paycheck and run back to Augusta's coffers. This would include executives and top positions in the University of Maine system.
Just saying. Now step away from the banana.