CNNThursday, February 2, 2012
Ron Paul on his chances in Nevada and he other caucus states.
US Adds $120 Billion In Debt Since Debt Ceiling Hike On Friday, $310 Billion More On Deck In Next Two Months
Zero HedgeThursday, February 2, 2012
Remember when the US hiked its debt ceiling on Friday courtesy of a formulaic 52 affirmative votes in the Senate, giving the Treasury $1.2 trillion in dry debt powder to attempt to grow the economy one more time according to the algorithmic fantasies of voodoo priests with pieces of Ivy League parchment on their walls? Well, two days later, the dry powder is less than $1.1 trillion. In other words, in the past two days, total US debt increased by $120 billion, along the lines of our expectations, as the Treasury filled up all the G-fund cash it had pillaged to continue issuing debt throughout the month of January even though it was formally above the debt ceiling. What is more concerning, is that as the chart below shows, the trendline of US debt since the beginning of 2011 is no longer a straight line, but has slowly transformed into a parabola, the very same word used as the root in such other infamous words as, for example, parabolic.
It gets worse: even according to the drastically, and very unrealistically, downward revised borrowing expectations of the Treasury released yesterday, the US will issue $444 billion in debt in this quarter. Today’s number means that in February and March alone Tim Geithner will raise another $310 billion, which will send total debt to $15.7 trillion as of March 31. What is the final debt ceiling? Just under $16.4 trillion. So the US will have $700 billion in debt issuance capacity for the 7 months leading into the presidential election (and 9 until the end of the year).
Now naturally, if the debt ceiling becomes a sticking point at the election, Obama’s chances of reelection plunge. Which makes us wonder – will Republicans grasp that the paradox of defeating Obama is precisely in giving him a carte blanche on all the stimulus programs he wants? Because if Congress approves another $200, 300 or even $400 billion in stimulus pork (the only thing better than one Solyndra? One thousand Solyndras!) the Treasury will drown in the need to raise hundreds of billions more, and will in fact hit the ceiling well in advance of the elections. As for the stimulus projects themselves, they will crash and burn just like all centrally planned endeavors, and actually results in a far worse outcome than if they had never been attempted. Because ironically, now that the entire world has passed the Rubicon, and unfortunately there really is no way of fixing anything, the only thing one can hope for is letting the status quo get on with doing what it does best, and leading the 100 year process of central planning to its sad and terminal conclusion, only after which can the “fresh start” reset occur. Ironically, the same thing is true with the farce that is the debt ceiling: the best way to finally get back to a fiscally prudent regime? Why go to town, of course.
And, we almost forgot to add, as of today, total debt to GDP is once again well over 100% even with the latest Q4 GDP data, at 100.4% and rising every day.
Congressional budget chief offers dim outlook on economic growth, jobs
Fox News
February 2, 2012
Congressional Budget Office Director Doug Elmendorf on Wednesday projected that economic growth will slow by next year and unemployment will rise before that -- a forecast that Rep. Paul Ryan called ominous, grim and alarming.
Elmendorf laid out the latest projections on the economy and deficits before the House Budget Committee on Capitol Hill.
Ryan, R-Wis., who is chairman, raised alarm given projections that 2012 "will mark the fourth straight year of trillion-dollar deficits."
"Trillions more dollars will be added to debt in the years ahead, putting a chilling effect on jobs creation today and committing the next generation to a diminished future," he said.
Democratic Rep. Chris Van Hollen took a different approach, saying deficits and growth would have been worse without President Obama's stimulus plan. "The Recovery Act did serve its purpose. It's kind of like when you're walking up an escalator that's going down very quickly. If you take no action you will go down very fast," he said.
Yet future deficits depend in large part on how fast the economy grows, along with spending and revenues. And on that front, the CBO isn't offering a lot of encouragement.
"The pace of the recovery has been slow since the recession ended two and a half years ago," Elmendorf said. "And we project that it will continue to be slow for the next two years."
The CBO believes that economic growth will be only 2 percent this year -- and an anemic 1.1 percent next year.
Breaking: Secret Mossad Visit to White House Leaked: War?
SIC SEMPER TYRANNIS!!!
Mark Matheny
February 1, 2012
Is a war with Iran imminent? U.S. Intillegence report warns of possible attacks by Iranian terrorists within the United States. Senate Commitee Chairman leaks secret meeting by Mossad Director with President Obama.
Will another 9/11 event be orchestrated to "justify" an attack on Iran? Lindsey Williams revealed the plan by the globalists and insiders to bring in a war with Iran by 2012, involving Israel as well.
Related articles
Mark Matheny
February 1, 2012
Is a war with Iran imminent? U.S. Intillegence report warns of possible attacks by Iranian terrorists within the United States. Senate Commitee Chairman leaks secret meeting by Mossad Director with President Obama.
Will another 9/11 event be orchestrated to "justify" an attack on Iran? Lindsey Williams revealed the plan by the globalists and insiders to bring in a war with Iran by 2012, involving Israel as well.
Related articles
Globalist Insiders Push Iran Attack
Listen to internet radio with Mark Matheny on Blog Talk Radio
Globalist Insiders Push Iran Attack
The Bipartisan Policy Center (BPC) will formally call today for the United States to demonstrate its willingness to stop Iran’s unsubstantiated nuclear weapons program.
The BPC would like to see the United States deploy ships, step up covert activities and “sharpen its rhetoric to make more credible the threat of a U.S. military strike to stop Iran’s nuclear program,” writes Arshaf Mohammed for Militaryfeed.com, a U.S. military news web portal.
The BPC pronouncement arrives a day after intelligence boss James Clapper warned that Iran may launch attacks inside the United States.
The BPC is a non-profit organization that was established in 2007 by former Senate Majority Leaders Howard Baker, Tom Daschle, Bob Dole and George Mitchell. Its advisory board is dominated by JP Morgan, Locheed Martin and the Aspen Institute. The Aspen Institute is funded by the Carnegie Corporation, the Rockefeller Brothers Fund and the Ford Foundation.
“The United States needs to make clear that Iran faces a choice: it can either abandon its nuclear program through a negotiated arrangement or have its program destroyed militarily by the United States or Israel,” the BPC report states.
The report suggests “strengthening” the United States “declaratory policy” to make clear the willingness to use force, stepping up covert activities in Iran (apparently including the assassination of Iranian nuclear scientists and other terrorist acts), adding an additional carrier battle group to the Fifth Fleet in the Gulf, and increasing arm sales to Saudi Arabia, Kuwait, Oman and the United Arab Emirates.
If the steps do not stop Iran’s nuclear program, the BPC insiders suggest a “quarantine” to block refined petroleum imports by Iran.
As a last resort, the group asserts that the U.S. military has the ability to launch “an effective surgical strike against Iran’s nuclear program,” Militaryfeed.com reports.
The insiders and the neocon faction are using the latest intelligence report on Iran as a catalyst to call for attacks.
On Tuesday, former IRS lawyer, now chief counsel for the American Center for Law and Justice (ACLJ), Jay Sekulow called for action on the supposed Iranian threat outlined by Clapper and CIA director David Petraeus.
The ACLJ was founded in 1990 by the Christian Zionist globalist Pat Robertson.
Sekulow is connected to the United Nations and the Council of Europe through the European Center for Law and Justice, an organization that cooperates with the European Union.
Mossad chief holds secret U.S. meetings on Iran nuclear threat, Senate panel reveals
During a broadcasted meeting of the Senate Select Committee on Intelligence, CIA Director, panel Chairperson indicate they met Tamir Pardo in Washington this week; U.S. official: Iran willing to attack U.S. targets if threatened.
Haaretz
January 31, 2012
January 31, 2012
Mossad chief Tamir Pardo held secret talks with top U.S. officials in recent days, cursory comments made during a public Senate hearing indicated on Tuesday.
The clandestine Washington visit was exposed during a hearing of the Senate Select Committee on Intelligence, which was participated by CIA Director David Petraeus, Director of National Intelligence James Clapper, and Dianne Feinstein, who chairs the Senate panel.
During the meeting, Feinstein asked Clapper whether or not Israel intended to strike Iran's nuclear facilities, with the top U.S. intelligence official answering that he would rather discuss the issue behind closed doors.
Feinstein then indicated that she had met Mossad chief Pardo earlier in the week in Washington, with Petraeus adding that he too met Pardo and cited what he called Israel's growing concern over Iran's nuclear ambitions.
The CIA chief also said that it was important to note that Israel considered a nuclear Iran as an existential threat.
The entire exchange was broadcasted live on American television.
More on Haaretz.com:
Peres: Iran's 'evil' leaders must not be allowed to gain nuclear weapons
Bradley Burston / The only Israel boycott that's actually working
Marching to the beet of the season, from Shabbat borscht to Superbowl nosh
Peres: Iran's 'evil' leaders must not be allowed to gain nuclear weapons
Bradley Burston / The only Israel boycott that's actually working
Marching to the beet of the season, from Shabbat borscht to Superbowl nosh
Referring to the Iran's nuclear progress, Clapper told the Senate panel that "Iran's technical advancement, particularly in uranium enrichment, strengthens our assessment that Iran has the scientific, technical, and industrial capacity to eventually produce nuclear weapons, making the central issue its political will to do so."
"New Concerns" of US Intelligence: Economic Crisis, Flu Pandemic, Climate Change
Global Research
February 1, 2012
Moscow - The United States intelligence community has received broader and more specific objectives for countering threats to American national security and interests.
Major strategic goals for all 16 American intelligence agencies have been set forth in a new four-year National Intelligence Strategy (NIS), which has been submitted to Congress. This is the first blueprint of this kind during the Obama Administration. By tradition, it is drafted by the Director of National Intelligence (DNI).
The position of DNI was created in 2004. The DNI consults the president and a national security advisor on all intelligence issues, and coordinates the intelligence activities of the U.S. intelligence community, which includes the CIA, the FBI, the National Security Agency, the main intelligence departments of the Navy and Army, the intelligence agencies of the Department of State and the Department of Energy, etc.
The NIS offers general guidance to all American intelligence agencies, which are obliged to coordinate their specific objectives with it. By and large, the objectives of U.S. intelligence activities have changed little in the last eight years, since the fundamental revision of the current threats to national security in the wake of 9/11.
They are to identify and suppress of extremists, paramilitary separatist units, and terrorist groups that are trying to gain access to nuclear weapons. Other objectives include controlling the nuclear threats from Iran and North Korea, stopping the proliferation of weapons of mass destruction, uncovering potential crises, etc.
Speaking to journalists in San Francisco on September 16, Director of National Intelligence Dennis Blair mentioned a number of "new concerns" reflected in the NIS, including the global economic crisis, a potential global pandemic (like avian or swine flu), and climate change leading to nations competing over energy and water resources.
Blair did not mention all of the new concerns. The report also raises concern about China's aggressive pursuit of natural resources around the world and its efforts to modernize its military, and states that Russia may also try to reassert itself as a regional or global power. Both countries are mentioned as potential threats to the United States in cyberspace.
Blair seems to be ready to shake up the entire U.S. intelligence community in response to its obviously inadequate response to threats to the United States. To understand his motives, we should recall who he is. Sixty-two-year-old Dennis Cutler Blair is a retired admiral, the third DNI, and a one-hundred-percent American tough guy. He is a sixth-generation naval officer. In his thirty-four-year naval career, he commanded frigates, missile destroyers, and the Kitty Hawk Battle Group aircraft carrier. His last strictly naval position was the commander-in-chief of U.S. Pacific Command. He then served on the Joint Chiefs of Staff and as Associate Director of Central Intelligence for Military Support.
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