RANT: Gooferment is a walking disaster

Wednesday, May 21, 2014

http://www.foxnews.com/opinion/2014/05/20/are-all-veterans-now/

We are all veterans now
By Wayne Allyn RootPublished May 20, 2014FoxNews.com

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We didn’t know government employees kept secret waiting lists to cover up the long delays — even though they knew patients had life-threatening illnesses. That sounds like murder to me.

What a surprise! Conservatives like Sarah Palin and I screamed about “death panels” and “death by rationing” under ObamaCare years ago.

Government is a walking disaster. Government screws up everything it touches, while losing billions of dollars in other people’s money.

How could putting government in charge of health care for 330 million Americans possibly work out?

All the wars in America’s history have cost about $7 trillion. Yet the war on poverty has cost $20 trillion and counting (adjusted for inflation)…and poverty is still at a record high. What a massive failure and waste of taxpayer money.

The Federal Reserve has one main job — to protect the value of our dollar. Yet the dollar has lost 98% of its value since the Fed was founded.

The same government that brought you failing post offices, failing trains, and pretty much failing everything else is now in charge of your health care (as well as 17% of the U.S. economy).

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What can I possibly say or do to wake people up?

Argh!

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MONEY: It already IS bankrupt

Wednesday, May 21, 2014

http://www.zerohedge.com/news/2014-05-14/what-happens-when-america-goes-bankrupt

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‘Buddy,’ I remember thinking, ‘America isn’t going bankrupt. It already IS bankrupt.’

Just so that we don’t mince words, my dictionary defines ‘bankrupt’ as “any insolvent debtor,” i.e. a debtor whose liabilities exceeds assets.

That’s the US government, by its own admission.

As we’ve discussed before, the US Government Accountability Office (GAO) publishes financial statements each year in which they list all official government assets and liabilities.

The liabilities far exceed the assets. Big time. And the hole is getting deeper each year.

At this point the government’s net worth is roughly NEGATIVE $17 trillion, about 110% of GDP. That’s textbook insolvency.

The only reason the US government is still able to service its debts is because they are borrowing money just to pay interest… and because the Federal Reserve keeps printing money to buy up US debt.

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Some very ugly chickens are coming home to roost.

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