Climategate, Global Warming And Government Math
November 28, 2009
Black Bear Blog readers have been busier than I have and posted some interesting links under the comment section of other blog posts. I decided to post them here where they might be better seen.
Sen. Inhofe decided to go to Copenhagen as a “Truth Squad”.
The Twelve Days of Global Warming, just in time for the holidays.
And if you have always wondered how the government does its math and comes up with some of the figures they do, Ma and Pa Kettle give us a lesson.
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Hey I found some more government math, I really like this new job of mine…
Obamacare. The Cato Institute http://www.cato-at-liberty.org/2009/11/27/obamacares-cost-could-top-6-trillion/ estimates the cost of what has been proposed at over $6 trillion for a ten year period. They do not adjust for the fact that no major new government program is lucky to come within 5 times its initial estimate.
Promises Beyond Reality: The Federal Government admits to over $12 Trillion dollars in debt. In reality, its obligations are multiples of that figure. The unfunded promises from Social Security and Medicare total around $100 trillion. That is, to properly fund the forecasted future deficits in Social Security and Medicare, $100 trillion would have to be put in the fund today. This liability is growing at the rate of about $5 trillion per year! The Government has promised benefits that they cannot honor. These programs are Ponzi schemes that make Bernie Madoff look like Mother Teresa. As evidence, the total net worth of the country (the country’s total assets less liabilities) is slightly above $50 trillion. If the Government confiscated everything, the programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything.
Send in an Additional $1,525,000 With Your Tax Return : To further put the problem into perspective, the Federal Government owes about $112 TRILLION in actual debt and social promises. Assuming a total population of 315 million people, the portion of Federal Government debt that is owed by every man, woman and child in this country is about $381,000! Or, a family of four owes $1,525,000 of which they are unaware.
Cap and trade, health care, and anything else the government can invent is to make their debt payments, it is not going to happen, their broke, their printing fiat currency backed by air, the World Bankers want to be paid, when a home owner fails on the mortgage foreclosure happens, Nations are no different… You are watching foreclosure..
Debt Death Spiral: The Federal Government is in what is known as a Debt Death Spiral. They are unable to pay the actual and implied interest on their debt. Hence, the unpaid balance is added back to the amount owed, making the problem worse next year. This debt spiral is growing exponentially. There is no way to escape a certain mathematical end — BANKRUPTCY.
Ain’t it amazing how a group of financially inept federal thugs can still keep the peoples attention with promises of ice cream and cotton candy…
Here you go you bunch of punks, here is a pretty set of wolves for you…