christmas 2012: TEA PARTY ~ Deficit cuts & changes update

Monday, February 8, 2010

TEA PARTY ~ Deficit cuts & changes update

http://www.cnn.com/2010/POLITICS/02/05/tea.party.convention/index.html?hpt=C2

http://www.foxnews.com/images/root_images/020610_SARAHPALIN_20100206_214115.jpg

Sooner we deal with the fiscal and financial insanity is better. Our nation is facing a great danger of going bankrupt as California and many other nations. The writing below elaborates the deficit numbers.

OBAMA - FED NIGHTMARE
http://www.youtube.com/watch?v=-vLV4jn8BMU

- The Bankruptcy of the United States is Now Certain: It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?
  http://www.silverbearcafe.com/private/02.10/bankrupt.html

http://www.teapartynation.com/
http://www.teapartypatriots.org/

Many small fishes are eaten by big sharks as we have seen it through ever mounting up national debts around the globe. We have seen deficit trouble in California, Greece, England, and now Portuguese. It is inevitable that many countries around the globe will face the similar trouble in current condition. Meanwhile a few big funds are sucking up massive wealth from mass around the globe. We need to make change.

7 US States That Are Worse Off Than Greece, Portgal, Ireland, And Spain
http://www.businessinsider.com/many-us-states-are-bigger-default-risks-than-europes-piigs-2010-2
Notable among three of the PIGS are their relatively small populations, and small contributions to either world or European GDP. While Spain has a population over 45 million, Portugal and Greece have populations roughly equal to a US state, such as Ohio–at around 10 million. And Ireland? The Emerald Isle has a population similar to Kentucky, at around 4 million. While the PIGS are without question a problem for Europe, whatever problems they present for Brussels are easily matched by the looming headache for Washington that’s coming from large, US states such as California, Florida, Illinois, Ohio, and Michigan.
Pimco: Forget Greece, California Bond Spreads Have Soared Back To Crisis Levels
http://www.businessinsider.com/pimco-california-bond-spreads-about-explode-just-like-greece-2010-2
Euro zone bond traders sold off Portuguese assets on Thursday, switching their focus from Greece, and the head of the International Monetary Fund called for painful steps to cut huge fiscal deficits across the EU bloc.
http://www.cnbc.com/id/35232648
The Entire Eurozone Is Bloated With Debt And Borrowing Nearly $200 Billion Per Month
http://www.businessinsider.com/forget-greece-the-entire-eurozone-is-bloated-with-debt-2010-2