US Debt Clock

Idiot In Charge Award: Nancy Pelosi

Please remember that the IICA goes to people who exhibit "sheer 'slap Americans in the face' stupidity" instead of unbelievable escapades like The Fed losing $9 Trillion dollars. Today's IICA goes to Nancy Pelosi for comments made at a Florida senior center while she was trying to rename the "public option" to "competitive option"; probably on the advice of some focus group that really did not understand how dense this lobotomized walking meat suit actually is. Here are the money quotes from Breitbart: "You'll hear everyone say, 'There's got to be a better name for this,'" Pelosi said. "When people…
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How Does The White House Keep The Ponzi Scheme Going? (UPDATED)

Have you looked at the US Debt Clock?  Go to the bottom and look at the $105 Trillion in unfunded liabilities and then read on. From WorldNetDaily and Jerome Corsi's Red Alert: It's official! U.S. government is bankrupt 'It's only a matter of time before the public realizes it' The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the 2008 Financial Report of the United States Government released by the U.S. Department of Treasury, Jerome Corsi's Red Alert reports. The difference between the $455 billion "official" budget…
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Which Is It Harry? $829 Billion or $2 Trillion

I believe I actually read somewhere that the healthcare reform bill is going to cost $3 Trillion, and for the life of me, I cannot remember where I saw that; maybe Cato - I'll have to track it down again. Anywhoooooo; a question for Harry Reid; is healthcare going to cost $829 Billion, $2 Trillion, or completely bankrupt our economy as we are currently now at $105 TRILLION in unfunded liabilities without healthcare reform? He talked about CBO saying that there would be $54 billion saved each year if we put caps on medical malpractice and put some restrictions...tort reform...$54…
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Baucus Bill: Taxed Coming Or Going Or Both? (UPDATED)

The Titanic Of All Debt Clocks Michael Cannon of the Cato Institute has stepped up and is explaining the taxation that is coming down the line in the form of the Baucus Bill: Still curious about the truth? Despite New Deficit-Cutting Claim, Baucus Bill Is Just Tax-and-Spend Let's start with the price tag. According to the report just released by the Congressional Budget Office, the bill will cost roughly $829 billion over the next 10 years. And, significantly, it is even projected to reduce the budget deficit over 10 years by $81 billion. Of course, both those numbers are misleading.…
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