Links on "Noa Kalakaua"
Noa Kalakaua
A good reminder that the money the government borrows has to be paid back (with interest), just like the money you and I borrow. Great fact from this story...
"With the national debt now topping $12 trillion, the White House
estimates that the government’s tab for servicing the debt will exceed
$700 billion a year in 201...9, up from $202 billion this year, even if
annual budget deficits shrink drastically. Other forecasters say the
figure could be much higher. In concrete terms, an additional
$500 billion a year in interest expense would total more than the
combined federal budgets this year for education, energy, homeland
security and the wars in Iraq and Afghanistan."
www.nytimes.com
The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer, and the White House estimates that the tab will exceed $700 billion a year in 2019.
Noa Kalakaua Great (and very brief) story on the perils of federal overspending. Factoid... every man, woman in child in this country owes $39,000 to holders of federal debt. If you reduce that to taxpayers, the number is well over $100,000. Bayh says the effort must be bipartisan... or we must do away with the parties...
www.cnn.com
America's national debt cannot grow beyond a limit imposed by Congress known as the "debt ceiling."
Noa Kalakaua
What does persistent government overspending mean to you, me, Dupree, and the stock market? Charles Hugh Smith offers his perspective. It's not pretty. It must change.
http://tinyurl.com/yathrtr
tinyurl.com
I'm not saying the stock market will crash, only that if it had any relation to the real U.S. economy that it should crash, and soon.
Noa Kalakaua
Constitutional Amendment calling for TERM LIMITS introduced yesterday. Unfortunately, sponsor calls it a "recipe for defeat." Please call your representatives. We must begin supporting this now. If you can make this happen, I don't have to run for president.
http://tinyurl.com/termlimitamendment
tinyurl.com
- WASHINGTON, D.C. - Today, U.S. Senator Jim DeMint (R-South Carolina) introduced an amendment to the United States Constitution that would apply term limits to all members of Congress, limiting U.S. Representatives to three terms and U.S. ...
Noa Kalakaua
"The fact that Democrats have sufficient majorities in both houses of
Congress to pass whatever they want but are struggling to pass anything
that would make a decisive and conclusive break with the past suggests
the problem in Washington is not "partisan politics". It's a political
system and culture so crowded with corpo...rate lobbyists, that it is
apparently incapable of fulfilling the wishes of the people even when –
as with a public option in healthcare – that is what they want." -- Gary Younge, the Guradian
http://www.guardian.co.uk/commentisfree/
The system let Obama be president. But he still may not be able to beat it | Gary Younge | Comment i
www.guardian.co.uk
Gary Younge: Even if he is pushing the US in the right direction, it is unlikely to be far or fast enough in a political cultureresisting reform
Noa Kalakaua
Ms. Pelosi promised to drain the swamp. She hasn't. Something must change.
http://www.npr.org/templates/story/story
www.npr.org
When Democrats took over the majority in the House, they promised to clean its stained reputation. They adopted a new system for investigating complaints and created a nonpartisan, independent review board. ...