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Austerity USA begins March 1st: Bipartisan project to impoverish the American people

 
Anonymous Coward
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02/25/2013 12:15 AM
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Austerity USA begins March 1st: Bipartisan project to impoverish the American people
[link to www.globalresearch.ca]





600,000 food stamp recipients will be cut from program
Massive educational cuts
Millions on unemployment will see their checks cut by 11%
12 billion in Medicare cuts
Federal funds to state governments will be cut



(please see more at link...I couldn't copy n paste)
Anonymous Coward (OP)
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02/25/2013 12:16 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
I don't know what to say but Wow!
Anonymous Coward (OP)
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02/25/2013 12:20 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
-Also 700,000 jobs are expected to be lost
While 70,000 children kicked out of head start
Anonymous Coward (OP)
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02/25/2013 12:23 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
Further news in NY Times

[link to www.nytimes.com]

WASHINGTON — In the first week of March, a laid-off person living on $300 a week in unemployment benefits is liable to find a surprise in the mailbox: notification from Uncle Sam that come April the check will be $33 lighter.
Anonymous Coward
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02/25/2013 12:25 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
A last minute deal will be reached.
Anonymous Coward (OP)
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02/25/2013 12:26 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
A last minute deal will be reached.
 Quoting: Anonymous Coward 33351892


We hope. The first link just came out n hour ago. They might be trying to scare us or it could be true. We'll see
abeliever

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02/25/2013 12:27 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
And the Obama's just spent your tax dollars on Michelle Obama's Oscar Production....


How much did that cost us?

These people will stop at nothing.
Anonymous Coward (OP)
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02/25/2013 12:31 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
And the Obama's just spent your tax dollars on Michelle Obama's Oscar Production....


How much did that cost us?

These people will stop at nothing.
 Quoting: abeliever


I'd feel sick to my stomach if I dwelt on what I read or hear about how much they spend on things - anything they spend or do is always outrageous!
Anonymous Coward (OP)
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02/25/2013 12:46 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
bump
abeliever

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02/25/2013 12:54 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
I have friends in the military in VA. If they furlough 800,000 like they say they're going to, it would probably shut down most of the Norfolk/VA Beach area.

It's really scary.
Anonymous Coward
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02/25/2013 01:03 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
And Obama said in 2011.....

I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending."


[link to sweetness-light.com]




.
Anonymous Coward
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02/25/2013 01:03 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
I have friends in the military in VA. If they furlough 800,000 like they say they're going to, it would probably shut down most of the Norfolk/VA Beach area.

It's really scary.
 Quoting: abeliever


What's scary is when the crash that started in 2008 resumes. They have just papered over the stinking debt pile that has accumulated for over 30 years with more debt. Our economy has been gutted, we export debt in trade for plastic crap made in China. Every dollar of debt in this so called stimulus making up the recovery has already been consumed either in government spending or inflating stock prices, which are phantom assets and won't be realized after the next crash.

Our government has 2 choices. It can either do the responsible thing and let this depression go full blown and liquidate the non-performing mal-invested debt (which means a lot of people fail and go bankrupt) and allow interest rates to rise to build capital for new investment. But allowing interest rates to rise will force a reduction of government spending by at least 1/2. The sequester is less than $100 billion in cuts a year. Imagine cutting government spending by 1/2!

Or it can try and inflate the debt away with exponentially increasing amounts of new debt that will also have carrying costs. But the 2nd way leads to hyperinflation, destruction of the currency and possibly our form of government.

I really think they will try the second route as they always think they can get away with things before their term is over and profit in the interim from their crony connections.

Something has to be done, and this sequester isn't even close.

,
Anonymous Coward (OP)
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02/25/2013 01:22 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
And Obama said in 2011.....

I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending."


[link to sweetness-light.com]




.
 Quoting: Anonymous Coward 1470322


Lies of course
Anonymous Coward (OP)
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02/25/2013 01:25 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
I have friends in the military in VA. If they furlough 800,000 like they say they're going to, it would probably shut down most of the Norfolk/VA Beach area.

It's really scary.
 Quoting: abeliever


What's scary is when the crash that started in 2008 resumes. They have just papered over the stinking debt pile that has accumulated for over 30 years with more debt. Our economy has been gutted, we export debt in trade for plastic crap made in China. Every dollar of debt in this so called stimulus making up the recovery has already been consumed either in government spending or inflating stock prices, which are phantom assets and won't be realized after the next crash.

Our government has 2 choices. It can either do the responsible thing and let this depression go full blown and liquidate the non-performing mal-invested debt (which means a lot of people fail and go bankrupt) and allow interest rates to rise to build capital for new investment. But allowing interest rates to rise will force a reduction of government spending by at least 1/2. The sequester is less than $100 billion in cuts a year. Imagine cutting government spending by 1/2!

Or it can try and inflate the debt away with exponentially increasing amounts of new debt that will also have carrying costs. But the 2nd way leads to hyperinflation, destruction of the currency and possibly our form of government.

I really think they will try the second route as they always think they can get away with things before their term is over and profit in the interim from their crony connections.

Something has to be done, and this sequester isn't even close.

,
 Quoting: Anonymous Coward 961432


We just have to wait and see what they do. This may be the doom we were all expecting about this time period and it isn't going to be easy on all of us.
Anonymous Coward (OP)
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02/25/2013 01:29 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
I have friends in the military in VA. If they furlough 800,000 like they say they're going to, it would probably shut down most of the Norfolk/VA Beach area.

It's really scary.
 Quoting: abeliever


I know, it's scary. Just keep all of them in prayer. We all need the support more then ever now.
Anonymous Coward (OP)
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02/25/2013 01:30 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
bump
Anonymous Coward
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02/25/2013 01:30 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
The plan to destroy the American people was started a long time ago. Some of the more influential moments include the 14th, 16th, and 17th amendments to the Constitution, the Federal Reserve Act, the Emergency Warpowers Act, and GATT.
Anonymous Coward (OP)
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02/25/2013 01:32 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
The plan to destroy the American people was started a long time ago. Some of the more influential moments include the 14th, 16th, and 17th amendments to the Constitution, the Federal Reserve Act, the Emergency Warpowers Act, and GATT.
 Quoting: Anonymous Coward 34898433


Well, now the newspapers are letting us now and it's in the open.
Anonymous Coward
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02/25/2013 01:38 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
A last minute deal will be reached.
 Quoting: Anonymous Coward 33351892


That right there !!^^^^^^^^^^^^^^^^^^^^^^^^^^
Anonymous Coward
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02/25/2013 01:43 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
Great we are one step closer to real change
Anonymous Coward (OP)
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02/25/2013 01:45 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
A last minute deal will be reached.
 Quoting: Anonymous Coward 33351892


That right there !!^^^^^^^^^^^^^^^^^^^^^^^^^^
 Quoting: Anonymous Coward 34837866


We'll see! I think you're thinking it will be like Dec 31, 2012 - before fiscal cliff. (?)
Maguyver
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02/25/2013 01:46 AM

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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
Scare tactics. If the government is spending, with the sequester, more actual dollars than last year, how is that a cut?

cheers
Adversity is inevitable, misery is optional.

Do or do not. There is no try.

"The enemy will never attack where you are strongest...He will attack where you are weakest. If you do not know your weakest point, be certain, your enemy will." Sun Tzu
Anonymous Coward (OP)
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02/25/2013 01:47 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
Great we are one step closer to real change
 Quoting: Anonymous Coward 35054307




It's call Onward this time right? Or Forward ? I forgot. I voted for the other guy and wasn't listening to him
Anonymous Coward (OP)
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02/25/2013 01:50 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
Scare tactics. If the government is spending, with the sequester, more actual dollars than last year, how is that a cut?

cheers
 Quoting: Maguyver


LOL, we'll see. I just heard we are building an underground bunker in Israel for $100 million dollars


[link to original.antiwar.com]
stormer

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02/25/2013 01:50 AM

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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
blackeye
Emancipate yourselves from mental slavery - Bob Marley
Anonymous Coward
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02/25/2013 01:55 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
I have friends in the military in VA. If they furlough 800,000 like they say they're going to, it would probably shut down most of the Norfolk/VA Beach area.

It's really scary.
 Quoting: abeliever


What's scary is when the crash that started in 2008 resumes. They have just papered over the stinking debt pile that has accumulated for over 30 years with more debt. Our economy has been gutted, we export debt in trade for plastic crap made in China. Every dollar of debt in this so called stimulus making up the recovery has already been consumed either in government spending or inflating stock prices, which are phantom assets and won't be realized after the next crash.

Our government has 2 choices. It can either do the responsible thing and let this depression go full blown and liquidate the non-performing mal-invested debt (which means a lot of people fail and go bankrupt) and allow interest rates to rise to build capital for new investment. But allowing interest rates to rise will force a reduction of government spending by at least 1/2. The sequester is less than $100 billion in cuts a year. Imagine cutting government spending by 1/2!

Or it can try and inflate the debt away with exponentially increasing amounts of new debt that will also have carrying costs. But the 2nd way leads to hyperinflation, destruction of the currency and possibly our form of government.

I really think they will try the second route as they always think they can get away with things before their term is over and profit in the interim from their crony connections.

Something has to be done, and this sequester isn't even close.

,
 Quoting: Anonymous Coward 961432


They can't inflate it away nor can they liquidate it.

It's leveraged 50 to 1 or better and thats what everyones wealth (including yours and mine) and their (financial institutions) valuation (stock price/value) is. All they can do is keep the "leveraged stacked debt derivatives" suspended/supported with reserves. If anywhere in the chain fails, it all fails. QE4ever !
Maguyver
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02/25/2013 02:42 AM

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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
Scare tactics. If the government is spending, with the sequester, more actual dollars than last year, how is that a cut?

cheers
 Quoting: Maguyver


LOL, we'll see. I just heard we are building an underground bunker in Israel for $100 million dollars


[link to original.antiwar.com]
 Quoting: Indysmindy


It's stupid stuff like this that needs to stop. All this flaying about like the sequester cuts are the end of the world and we have stuff like that going on. Irritating.

These people need stop calling a decrease in the scheduled increase in growth a 'cut'. Call it a cut when you spend LESS than you did the year before.

Go back the the SAME budget they had in, say, 2006 minus the 'war' spending and maybe we can make some headway in avoiding a real financial disaster just over the horizon.

cheers
Adversity is inevitable, misery is optional.

Do or do not. There is no try.

"The enemy will never attack where you are strongest...He will attack where you are weakest. If you do not know your weakest point, be certain, your enemy will." Sun Tzu
Anonymous Coward (OP)
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02/25/2013 02:52 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
Scare tactics. If the government is spending, with the sequester, more actual dollars than last year, how is that a cut?

cheers
 Quoting: Maguyver


LOL, we'll see. I just heard we are building an underground bunker in Israel for $100 million dollars


[link to original.antiwar.com]
 Quoting: Indysmindy


It's stupid stuff like this that needs to stop. All this flaying about like the sequester cuts are the end of the world and we have stuff like that going on. Irritating.

These people need stop calling a decrease in the scheduled increase in growth a 'cut'. Call it a cut when you spend LESS than you did the year before.

Go back the the SAME budget they had in, say, 2006 minus the 'war' spending and maybe we can make some headway in avoiding a real financial disaster just over the horizon.

cheers
 Quoting: Maguyver


Lots of money is also spent on needless research as well - other wasting money on government traveling, parties etc...
Anonymous Coward (OP)
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02/25/2013 10:16 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
bump
Anonymous Coward
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02/25/2013 10:17 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
The poverty came from outsourcing all of our manufacturing.

Credit was used and is still being used to prevent it.

But our standard of living is about to fall in a big way.
Anonymous Coward (OP)
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02/25/2013 10:23 AM
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Re: Austerity USA begins March 1st: Bipartisan project to impoverish the American people
The poverty came from outsourcing all of our manufacturing.

Credit was used and is still being used to prevent it.

But our standard of living is about to fall in a big way.
 Quoting: Anonymous Coward 3987337


You bet it will

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