Saturday, October 27, 2012


FREE ZONE MEDIA CENTER  WFZR                                                                   by C.R.


       I guess I must be a bit obtuse since I can see the move of God's Hand in the storm heading for the northeast coast of this nation.  Evil fills the Capitol of our Nation as our elected politicians wilfully turn from serving God and performing the duties we took upon us.  Look at where the storm is heading.  It is gradually moving toward Washington, D.C.  As Obama's government makes ever more decisions against Israel and the Christian Church we shall see even greater levels of chastizement.  We will not listen.  GOD WILL DEAL WITH US AS WE DESERVE and yet we refuse to see and hear.  What must we suffer before we learn??  I FEAR TO THINK ABOUT IT AND YET I MUST.  GOD FORGIVE AMERICA, PLEASE.







by Robert J. Firth
Free Zone Writer 
Those who do not know their history are doomed to repeat the mistakes of their predecessors
A short primer for all who are involved in fighting the war on Terror
The collective experience of mankind is one of strife, war, death pestilence and struggle. Modern history for all of us alive in the year 2001 has to begin in 571 AD, the year of the elephant and the year of the birth of the unholy prophet of Islam. Mohammed began the killing in the name of Islam in 624 beginning the history of the bloodiest cult in the long sad story of mankind.
In 2001 the civilized non-Muslim world was slow to realize that they had been engaged in a war unto death 20 years earlier. The events of September 11, 2001 changed all that. We woke up and saw the enemy. The Israelis knew who he was. They have been fighting Islam for 50 years.
The battle of Tours in 732 was arguably singularly responsible for allowing for the creation of western civilization. The combative Muslim armies were plundering, pillaging and proselytizing throughout Europe- putting to the sword all who refused to convert to their diseased cult. Karl “the Hammer” Martel finally stopped the murdering Muslims dead just 30 miles south of where Paris France is today. This victory is the beginning of modern European history and it is this battle that all of us infidels alive today had better study and heed well the lessons. We must take into account the facts of history – we must learn these lessons well lest we make the same sad mistakes.
In 1914 -1918 America fought the Germans in WW I. In 1941-45 we fought another world war against the Nazis and the Japs who stupidly attacked Hawaii on December 7th 1941. The exact number of people killed because of World War II will never be known. Military deaths probably totaled about 17 million. Civilian deaths were even greater as a result of starvation, bombing raids, massacres, epidemics, and other war-related causes. The Soviet Union is said to have lost 20 million in this conflict.
The battlegrounds spread to nearly every part of the world. Troops fought in the steaming jungles of Southeast Asia, in the deserts of northern Africa, and on islands in the Pacific Ocean . Battles were waged on frozen fields in the Soviet Union, below the surface of the Atlantic Ocean , and in the streets of many European cities.
World War II began on Sept. 1, 1939, when Germany invaded Poland . Germany 's dictator, Adolf Hitler, had built Germany into a powerful war machine. That machine rapidly crushed Poland , Denmark , Luxembourg , the Netherlands , Belgium , Norway , and France . By June 1940, the United Kingdom stood alone against Hitler. That same month, Italy joined the war on Germany 's side. The fighting soon spread to Greece and northern Africa .
In June 1941, Germany invaded the Soviet Union . Japan attacked United States military bases at Pearl Harbor in Hawaii on Dec. 7, 1941, bringing the United States into the war. By mid-1942, Japanese forces had conquered much of Southeast Asia and had swept across many islands in the Pacific.
On December 7, 1941, while German armies were freezing before Moscow , Japan suddenly pushed the United States into the struggle by attacking the American naval base at Pearl Harbor , Hawaii . Four days later, On December 11, 1941, Hitler declared war on the United States . President Roosevelt called on Congress for immediate and massive expansion of the armed forces. Twenty years of neglect and indifference, however, could not be overcome in a few days.
Germany, Italy , and Japan formed an alliance known as the Axis. Bulgaria , Hungary , Romania , and the German-created states of Croatia and Slovakia eventually joined the Axis. The United States , the United Kingdom , China , and the Soviet Union were the major powers fighting the Axis. They were called the Allies. The Allies totaled 50 nations by the end of the war.
In 1942, the Allies stopped the Axis advance in northern Africa, the Soviet Union , and the Pacific. Allied forces landed in Italy in 1943 and in France in 1944. In 1945, the Allies drove into Germany from the east and the west. A series of bloody battles in the Pacific brought the Allies to Japan 's doorstep by the summer of 1945. Germany surrendered on May 7, 1945, and Japan on Sept. 2, 1945.
An uneasy peace took effect as a war-weary world began to rebuild after World War II. Much of Europe and parts of Asia lay in ruins. Millions of people were starving and homeless. Europe 's leadership in world affairs had ended. The United States and the Soviet Union had become the world's most powerful nations but this wartime alliance broke down soon after the war. New threats to peace arose as the Soviet Union sought to spread Communism in Europe and Asia .
World War II killed more people, destroyed more property, disrupted more lives, and probably had more far-reaching consequences than any other war in history. It brought about the downfall of Western Europe as the center of world power and led to the rise of the Soviet Union . The development of the atomic bomb during the war opened the nuclear age.
WW III: In 2001, the Islamo-fascists started what will likely be the longest war in modern history. The destruction of the twin towers in New York , with the death of 3000 innocent non-combatants, started the civilized world on what will become known as the 12th crusade and World War III. Eleven times in the past, since the birth of the diseased cult of Islam, the Christian world has had to lay waste to these vicious bastards. When, in just a few short weeks, we wiped out the insane tallybanners in Afghanistan what was left of the bearded wackos scuttled into the caves of Tora Bora understanding perhaps, as did the JAPS and Nazis before them, that they had badly miscalculated and enraged a terrible enemy- one who would not rest until all their kind have been erased from the face of the earth. Thus begins the end of Islam.
Why, one might well ask do we today find ourselves involved in a war to the death with an enemy representing a billion desperately impoverished, malnourished, misinformed, ignorant and backward brainwashed fanatical followers the vast majority of which literally don’t have a pot to piss in.
The answer to this question lies in the distant past. Islam is a wretched cult that was born and is sustained in blood. It was and is spread by the sword. The non-muslim world has been locked in dire combat with Islam since the filthy cult began expanding its areas of influence.
The ancient origins of the clash of civilizations we are witnessing today includes the Muslim Invasion of Europe culminating in the Battle of Tours in 732. Let no one tell you that the animus between Christians and Muslims is all about Israel- nothing could be farther from the truth.
Today, we might not realize the significance of the victory of the Franks (Ferrenghis – as the Muslims called them) over the Arabs, a few miles south of Paris in 732. Had it not been for this victory, today the whole of Europe might have been Muslim, and the history of the world would have been far more bloodied and dark.
The Muslims insatiable appetite for land and together with a burning desire to put end to Christianity had only increased after the conquest of Syria , Egypt , North Africa, and Spain . They dreamt of overrunning the whole of Western and Northern Europe .

VIDEO: Obama Refuses To Answer Repeated Questions On Benghazi



FREE ZONE MEDIA CENTER  WEZR                                                                            by wp

Your Government Doesn’t Have the Slightest ID

I believe it may have been Charles Kuralt who once remarked “Radio is a harsh mistress.” And he is right. For those of you who have never enjoyed a career in the broadcast arts, it might interest you to know that a radio station is less a technological marvel than it is a very large, overpowered infant that constantly demands one’s attention.
And when one works the morning drive shift, that baby needs even more TLC than usual. Hence, my workdays begin at approximately 2:30 in the blessed AM so I can be at the studio by 3:00. When one is up at that hour for any reason, even a good reason, coffee is a must. I sometimes swing by the local convenience store on my way in to work.
As I am not in the habit of carrying cash, I often pay for my java with a credit card. More often than not, the young lady behind the counter will take a gander at it, hand it back and sweetly ask me for my ID before I can swipe the card.
I stopped by my local bank the other day- the bank at which I have been doing business in this town for the last 20 years to cash my freelance check to buy the groceries. The new teller did not recognize me and so she asked me to please present my ID before giving me my money.
Last year I was hauling the proverbial mail on my way back to work. The cop who stopped me for speeding requested my driver’s license.
Perhaps the crème de la crème came about three weeks ago when I went to renew that very driver’s license. A new law in my state mandates that one present a valid alternate form of ID and proof of a social security number before renewing one’s license.
As many times as I have to flash my driver’s license each day, it kind of makes that whole argument against showing an ID to vote sound a little silly, doesn’t it? (Oh, in my county one has to show an ID to vote, too.)
But still, the Left continues to bemoan the notion of creating and enforcing voter ID laws as if it was being asked to cut off its collective arm. The argument becomes even less convincing to even the most casually discerning mind, when one notes that on Tuesday, U.S. Attorney General Eric Holder threw a little shindig on Tuesday marking October as Disability Employment Awareness month.
Mr. Holder, who has likened voter ID to a poll tax and has made fighting it his number one priority made sure that media covering the event presented not only a valid driver’s license and valid media credentials. So the man who is battling voter ID made demanded that media members present at least two forms ID just to take his picture and sing his praises. Not that I blame him, you can’t trust those people in the media.
Not to be outdone, the U.S. Department of Agriculture is proposing a new rule that would mandate that when transporting chickens across state lines, producers must verify the identity of every chicken.
That is a problem your average farmer could easily side-step by claiming he is just taking his pullets to the polls. Now if the farmer can prove these chickens were hatched, raised and slaughtered as a group, he would not have to participate in what could be called C-Verify. (Get it? Get it? Okay then, moving on…)
However, many farmers don’t group chickens together in such a manner, meaning they would have to provide ID for every chicken they ship. We own four chickens and I can’t imagine getting even that many to sit still while they get their pictures taken at the DMV. The USDA says the rule is needed to trace livestock in order to prevent the spread of disease, but is still murky on the benefits or the cost of leg-banding every chicken one ships.
So to quickly recap:
I had to show an ID to use my credit card.
I had to show an ID to cash a check.
I had to show an ID to prove I wasn’t a criminal
And I had to show an ID to get an ID.
One also must present an ID to cover the AG. And chickens need to have one to go on vacation or to your grocer’s freezer. But the big-government crowd doesn’t want to make people show an ID to vote for the office of President of the United States.
And they want to be in charge of even more of my life?


FREE ZONE MEDIA CENTER  WFZR                                                                                 by wp

Glass Jaw O-ba-ma

Glass Jaw O-ba-maIf Peggy Noonan is correct, and the president’s performance in the first debate revealed him to be “[p]etulant, put upon, above it all, full of himself,” then the two weeks since have shown him to own what they call in the world of boxing, “a glass jaw.”
A glass jaw is the inability of a fighter to take a direct hit, one on the chin, a roundhouse. Once hit, a glass jaw boxer goes down and usually doesn’t get back up. If he does manage to get on his feet, he staggers around, lost and confused. for the rest of the fight as his opponent pummels him.
“Staggering around” is the best way to describe the president’s actions since the first debate in Denver. Mitt Romney has grown larger, more confident, full of energy and optimism, and not just about his campaign and the election, but for the country.
Barack Obama has grown increasingly gloomy, incoherent and strident, careening from Big Bird to binders to bayonets.
In a panic over falling poll numbers, the president and his ace team of consultants in Chicago rushed out a brand new glossy pamphlet of 20 pages, full of pictures of the president with children, and called it a program for the next few years.
Pundits mocked the transparent ploy and the president grew angrier still. Never --never-- has an incumbent tried to win a second term by glowering at the electorate, but Barack Obama is trying.
The rebuke that is headed his way will come from many directions, but most significantly, polls of the military are showing a huge advantage among those on active duty for Mitt Romney.
Some of that lead might be because of the massive defense cuts the president has already imposed. Some of it might be as a result of Obama’s abandoning Iraq without a new “status of forces agreement” in place. Some of it might be the relentless claims of credit for killing bin Laden when everyone in the military (and millions and millions of civilians) know who did the dangerous part.
Among the worst moments of the campaign was the president’s dismissiveness of the role of the fleet when Mitt Romney spoke of the need for more ships in the last of the three debate meetings. Shocked sailors and their families heard the president make light of the mission of the Navy, noting that we have aircraft carriers and nuclear subs enough, and asserting that building the fleet beyond what it currently was --283 ships, far below the minimum 313 the Pentagon has said we need-- was akin to buying bayonets.
There are tens of thousands of sailors afloat, far from home in uncomfortable and often dangerous circumstances, who are not serving on carriers or nuclear submarines, but who are projecting the force that defends the United States.
Their pay is low and the jobs hard, and the president is threatening now even their medical care, but they serve on.
The fleet as a whole needs quick action or it will fall to an even smaller size, a provocative weakening in the face of the PRC’s naval build-up and a diminishment of the country’s capacity to meet all of the many demands of global leadership it carries. The Navy is the backbone of American power, and the president is cavalier about it before the world. Incredible.
All of this and more --the fact that the SEALs got to bin Laden only because they had a huge and extremely competent fleet behind them extending their reach far forward of the bases from which they operate-- the president dismissed.
It was a shameful moment for the Commander-in-Chief, a low point made worse by the fact his Chicago gang thought it was a brilliant moment, didn’t even think how it would sound to the men and women the president leads, and not just in the Navy, but across the entire military.
Such were the actions of the concussed president, his glass jaw shattered and his campaign in ruins.
With ten days left in the campaign, a snarling, angry Obama can and probably will say anything. Mitt Romney will not go to that level and Mitt Romney won’t have to. Not only can winners be generous, Mitt Romney is the definition of large-hearted and generous, and the attacks will bounce off him.
But some of us would dearly love to hear one crowd somewhere chant “Glass. Jaw. O. Ba. Ma.”
For that is what the president has revealed, and the worst part is realizing that the country’s many enemies knew this about him long ago.

Friday, October 26, 2012

Controversial book skewers Biden but is ignored by media


Imagine a scathing look at a vice presidential candidate. Put a “R” after that candidate’s name, like Sarah Palin, and you get big-name books, a controversial film and lots of news coverage.
Put a “D” after that candidate’s name, even when he’s still the sitting vice president, and it gets almost no attention. That’s the case with Jeff Connaughton, “a Biden Senate staffer turned lobbyist” who just published a book called “The Payoff” that Politico says “lacerates” the vice president.
As described by the publisher, "Beginning in January 2009, The Payoff" lays bare Washington’s culture of power and plutocracy. It’s the story of the twenty-month struggle by Senator Ted Kaufman [VP Biden's successor] and Jeff Connaughton, his chief of staff, to hold Wall Street executives accountable for securities fraud, to stop stock manipulation by high-frequency traders, and to break up too-big-to-fail megabanks."
Politico quoted from the book saying Biden was an “egomaniacal autocrat” “determined to manage his staff through fear.” Pretty strong stuff, landing just at the peak of a presidential campaign. Most not inside the Beltway might even call it “news.”
But it’s also been strongly ignored by the news media, forever chasing after Republican scandals. In this case, only a handful of outlets have covered it including Politico, The Washington Post and Al Gore’s ever-more-obscure Current TV. The Post gave it all of one paragraph.
Pretty amazing for a book Politico called “angry” and certainly has lots of anti-Biden goodies. “What’s remarkable about the book is the lengths that Connaughton goes to portray his former boss and political idol in a bad light, piling up embarrassing anecdotes and examples of when Biden couldn’t be bothered to help one of his own aides,” Jonathan Martin wrote.
So much for bad stories about the VP just before election, including one where “Biden revealed that he had been upbraided by an angry Obama.” Yet, these are exactly the kind of stories the news media would call game changers, which makes one wonder why this book is getting no ink.
But don’t hold your breath. The book came out in September and journalists have ignored it this long. It likely won’t get coverage until mid-November some time, if then. Just in time to have zero impact on the election.

55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know


The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don’t really grasp exactly what is happening.
30 years ago, our national debt had just crossed the one trillion dollar mark.  Just recently, it crossed the 16 trillion dollar mark.
Prior to every election, politicians from both parties swear up and down that they will do something about our exploding debt, but it never happens.
Once again this year, our politicians are making all kinds of grand promises about getting U.S. government finances under control.  But they are also promising all kinds of new plans and programs which are going to cost a lot more money on top of what we are already spending.
For the average American, all of this can be incredibly confusing.  That is why I have put together a list of facts about the debt and U.S. government finances below.
These are things that every voter should know.  The federal government is stealing more than a trillion dollars a year from our children and our grandchildren, and they are spending that money in some of the most foolish ways that you could ever imagine.
We have accumulated the largest mountain of debt in the history of the world, but our politicians just can’t help themselves – they appear to be absolutely addicted to spending money.
If we continue on the path that we are currently on, our entire financial system and our entire economy will be destroyed by all of this debt.
Time is running out and urgent action is needed to address this crisis.
Many of our founding fathers attempted to warn us about the dangers of government debt.  For example, Thomas Jefferson once said the following
I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.
Where would we be today if such an amendment had been added to our Constitution?
How much brighter would our future be if the federal government had been forced to only spend what it took in all these years?
Those are very good questions.
The following are 55 facts about the debt and U.S. government finances that every American voter should know….
#1 While Barack Obama has been president, the U.S. government has spent about 11 dollars for every 7 dollars of revenue that it has actually brought in.
#2 During the fiscal year that just ended, the U.S. government took in 2.449 trillion dollars but it spent 3.538 trillion dollars.
#3 During fiscal year 2011, over a trillion dollars of government money was spent on 83 different welfare programs, and those numbers do not even include Social Security or Medicare.
#4 Over the past four years, welfare spending has increased by 32 percent.  In inflation-adjusted dollars, spending on those programs has risen by 378 percent over the past 30 years.  At this point, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  Once again, these figures do not even include Social Security or Medicare.
#5 Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent.  Now more than 16 million Americans are enjoying what has come to be known as an “Obamaphone”.
#6 When Barack Obama first entered the White House, about 32 million Americans were on food stamps.  Now, nearly 47 million Americans are on food stamps.  And this has happened during what Obama refers to as “an economic recovery”.
#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.
#8 The U.S. Department of Agriculture recently spent $300,000 to encourage Americans to eat caviar at a time when more families than ever are having a really hard time just trying to put any food on the table at all.
#9 During 2012, the National Science Foundation spent $516,000 to support the creation of a video game called “Prom Week”, which apparently simulates “all the social interactions of the event.
#10 The U.S. Department of Agriculture gave the largest snack food maker in the world (PepsiCo Inc.) a total of 1.3 million dollars in corporate welfare that was used to help build “a Greek yogurt factory in New York.
#11 The National Science Foundation recently gave researchers at Purdue University $350,000.  They used part of that money to help fund a study that discovered that if golfers imagine that a hole is bigger it will help them with their putting.
#12 If you can believe it, $10,000 from the federal government was actually used to purchase talking urinal cakes up in Michigan.
#13 The National Science Foundation recently gave a whopping $697,177 to a New York City-based theater company to produce a musical about climate change.
#14 The National Institutes of Health recently gave $666,905 to a group of researchers that is studying the benefits of watching reruns on television.
#15 The National Science Foundation has given 1.2 million dollars to a team of “scientists” that is spending part of that money on a study that is seeking to determine whether elderly Americans would benefit from playing World of Warcraft or not.
#16 The National Institutes of Health recently gave $548,731 to a team of researchers that concluded that those that drink heavily in their thirties also tend to feel more immature.
#17 The National Science Foundation recently spent $30,000 on a study to determine if “gaydar” actually exists.  This is the conclusion that the researchers reached at the end of the study….
“Gaydar is indeed real and… its accuracy is driven by sensitivity to individual facial features”
#18 Back in 2011, the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.
#19 The U.S. government spends more on the military than China, Russia, Japan, India, and the rest of NATO combined.  In fact, the United States accounts for 41.0% of all military spending on the planet.  China is next with only 8.2%.
#20 In a previous article, I noted that close to 500,000 federal employees now make at least $100,000 a year.
#21 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.
#22 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.
#23 During 2010, the average federal employee in the Washington D.C. area received total compensation worth more than $126,000.
#24 The U.S. Department of Defense had just nine civilians earning $170,000 or more back in 2005.  When Barack Obama became president, the U.S. Department of Defense had 214 civilians earning $170,000 or more.  By June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.
#25 During 2010, compensation for federal employees came to a grand total of approximately 447 billion dollars.
#26 If you can believe it, close to 15,000 retired federal employees are currently collecting federal pensions for life worth at least $100,000 annually.  That list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.
#27 During 2010, the federal government spent $33,387 on the hair care needs of U.S. Senators.
#28 During 2010, U.S. Senators pulled $72,370 out of the “Senate Restaurant Fund”.
#29 During 2010, an average of $4,005,900 of U.S. taxpayer money was spent on “personal” and “office” expenses per Senator.
#30 In 2013, 3.7 million dollars will be spent to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton.
#31 During 2011, the federal government spent a total of 1.4 BILLION dollars just on the Obamas.
#32 When you combine all federal government spending, all state government spending and all local government spending, it comes to approximately 41 percent of U.S. GDP.  But don’t worry, all of our politicians insist that this is not socialism.
#33 As I have written about previously, less than 30 percent of all Americans lived in a home where at least one person received financial assistance from the federal government back in 1983.  Today, that number is sitting at an all-time high of 49 percent.
#34 Back in 1990, the federal government accounted for just 32 percent of all health care spending in America.  This year, it is being projected that the federal government will account for more than 50 percent of all health care spending in the United States.
#35 The number of Americans on Medicaid soared from 34 million in 2000 to 54 million in 2011, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#36 In one of my previous articles, I discussed how it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
#37 If you can believe it, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for each and every household in the United States.
#38 In the United States today, more than 61 million Americans receive some form of Social Security benefits.  By 2035, that number is projected to soar to a whopping 91 million.
#39 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
#40 When Barack Obama first took office, the U.S. national debt was about 10.6 trillion dollars.  Now it is about 16.2 trillion dollars.  That is an increase of 5.6 trillion dollars in less than 4 years.
#41 The federal government has now run a budget deficit of more than a trillion dollars for four years in a row.
#42 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.
#43 If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.
#44 Some suggest that “taxing the rich” is the answer.  Well, if Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.
#45 If the federal government used GAAP accounting standards like publicly traded corporations do, the real federal budget deficit for 2011 would have been 5 trillion dollars instead of 1.3 trillion dollars.
#46 The United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.
#47 At this point, the United States government is responsible for more than a third of all the government debt in the entire world.
#48 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.
#49 Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.
#50 The U.S. national debt is now more than 37 times larger than it was when Richard Nixon took us off the gold standard.
#51 The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.
#52 The U.S. national debt jumped more on the very first day of fiscal year 2013 than it did from 1776 to 1941 combined.
#53 Historically, the interest rate on 10 year U.S. Treasuries has averaged 6.68 percent.  If the average interest rate on U.S. government debt rose to that level today, the U.S. government would find itself spending more than a trillion dollars per year just on interest on the national debt.
#54 A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.
#55 Boston University economist Laurence Kotlikoff is warning that the U.S. government is facing a gigantic tsunami of unfunded liabilities in the coming years that we are counting on our children and our grandchildren to pay.  Kotlikoff speaks of a “fiscal gap” which he defines as “the present value difference between projected future spending and revenue”.  His calculations have led him to the conclusion that the federal government is facing a fiscal gap of 222 trillion dollars in the years ahead.
Please share this article with as many people as you can.  Time is running out to fix these problems.

 The Economic Collapse Blog

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