Will sequester kill America? Heck, it wouldn’t even break the top ten richest Americans

Need another reason why the sequestration is overblown? First, as Reason.com reports, it’s only $44 billion for the remainder of FY2013, not the $85 billion number being reported.

The first thing to note is that the $85 billion figure that gets bandied about overstates this year’s cuts due to sequestration by about $40 billion. According to the Congressional Budget Office (CBO) in its February 2013 report on the budget outlook, “Discretionary outlays will drop by $35 billion and mandatory spending will be reduced by $9 billion this year as a direct result of those procedures [sequestration]; additional reductions in outlays attributable to the cuts in 2013 funding will occur in later years.”

You got that? When President Obama scaremongers about national parks closing and TSA lines getting longer – and when Republicans bitch and moan about the military having to set up bake sales to buy bombers – they are already misstating basic facts. The sequester will slice $44 billion off this year’s budget, not $85 billion.

Next, only half the cuts come from discretionary spending, the other half are defense. So now we’re talking about $22 billion. Will $22 billion in cuts bring America to a grinding halt from federal government spending that will exceed $3.5 trillion in 2013? After all, Maxine Waters claims it will cost the country 170 million jobs. Ummm, no would be the answer.

In fact, $22 billion wouldn’t even break the 11 richest American individuals. According to Forbes list of the 400 richest Americans for 2012, eleven of them could absorb all of the discretionary cuts for 2013 and still remain billionaires!

http://www.forbes.com/forbes-400/

1. Bill Gates – $66 billion
2. Warren Buffet – $46 billion
3. Larry Ellison – $41 billion
4. Charles Koch – $31 billion
5. David Koch – $31 billion
6. Christy Walton – $27.9 billion
7. Jim Walton – $26.8 billion
8. Alice Walton – $26.3 billion
9. S. Robson Walton – $26.1 billion
10. Michael Bloomberg – $25 billion
11. Jeff Bezos – $23.2 billion

Sorry, number 15 George Soros didn’t qualify at only $19 billion. Must be spending too much of his fortune on advancing the progressive movement.

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Benghazi survivors doomed to same fate as Estonia crew?

On Sept. 28, 1994, the ferry Estonia sank on the Baltic Sea. To this day, there are many unexplained instances surrounding the sinking. Go here to read a basic overview of the incident.

Speculation is that the ferry was being used to smuggle Soviet military technology. There is a plethora of information and theories available on the web as to what really happened. I’ve no intention of delving into that here, only to illustrate the strange surroundings of the surviving crew members who haven’t been seen or heard from since the sinking. 18 years and counting.

Similar to Benghazi, there are reports of survivors recovering in hospitals, yet no one is ever able to see or speak to them or conduct an interview. In the case of the Estonia, they simply disappeared. Could it be due to their knowledge of the ship’s secret cargo or mission? Smuggling Soviet State secrets through Sweden by way of a special arrangement to avoid customs inspections?

Now we have Benghazi in which the survivors have now been hidden away entirely from public view for five and a half months now. Certainly at least some would have recovered by now to a point in which a full debriefing could have been conducted by the intelligence community and at least a snapshot of a survivor could have been provided to the press. Yet we see or hear nothing.

Obama’s ever compliant press corps of course says nothing. There are those not aligned with Obama such as Fox News that have asked the question but when pressed through social media to investigate further merely respond by asking for the name of a survivor. Has investigative journalism degraded to the level of simple Google searches and nothing more? As John Boehner would say, they may have to get off their ass and go to work. Speaking of Boehner and Congress, here’s a money saving idea for sequestration since we’re releasing prisoners. Release the producer of the Obama video cover-up titled “Innocence of Muslims”, Nakoula Basseley Nakoula. Stop holding him without bail and allow him to face the court over his bank fraud charges probation violation. Not likely as he doesn’t fit the narrative Napolitano is pushing of illegal immigrants running rampant through the streets without another tax increase on the wealthy.

Unfortunately for the survivors of Benghazi, they appear to have met the same fate as other ill-fated operations throughout history. Were they provided new identities and lives with the implicit burden to never again speak of what happened or face a fatal ending? Or just a fatal ending? Like the Estonia cover-up, it’s looking as if we’ll never really know.

Turkey will rise to lead the global Islamist Caliphate – will Obama play a role?

The realigning of the MENA (Middle East North Africa) region has long been prophesized. Former Muslim Brotherhood member Walid Shoebat explains in a posting yesterday. Recall that it was Turkey that was the first Muslim nation visited by President Obama when he first won election in 2008. This was no coincidence. Turkey is the lynchpin of the rise of global Islam which Obama supports. Many speculate that Obama is posturing to become the next Caliph after he leaves office in January of 2017. Shoebat doesn’t address this here. He does, however, predict a Caliphate as well as the appearance of the anti-Christ.

He predicts that the Ottoman Empire will arise again to see Turkey and the U.S. fighting the utlimate battle with Christ returning.

Eventually, the United States will fight against the Islamist nations. The good news (unlike what the modern prophecy buffs have taught) is that the U.S. will continue to be the strongest military power and will stand against Turkey in the end.

Shoebat also predicts a two-state solution to the Israeli-Palestine conflict.

I have been saying it for years… “Hamas will recognize Israel” and become the dominant Palestinian force.

It’s a lengthy post, but one well worth reading.

N,N-Diethyl-meta-toluamide – DEET for the layman – only works for 3 hours

IM_20100302_Meckes_3_Stechmuecke_450x_lg Extreme close-up of mosquito eyes

If mosquitoes keep an Obama style kill list, then I’ve gotta be right at the top of it because they LOVE me. A new study is out that shows DEET, the active ingredient in most mosquito repellents, only works for about three hours. Three hours? In my case, I say more like 20 minutes before they’ve developed an antidote to whatever I put on myself and then just laugh at it as they cart off blood by the liter.

http://blogs.smithsonianmag.com/science/2013/02/some-mosquitoes-become-immune-to-deet-after-just-a-few-hours-of-exposure/

Here’s a creepy vid of the little devils at work.

Obama claims sequestration cuts “severe”, could you afford $109 bucks a year out of your budget without calamity?

America spent about $3.54 trillion in FY2012. The sequestration spending reductions are $1.2 trillion over 10 years. Approx. $85 billion in the remainder of FY2013 and $109 billion annually thereafter to achieve that. President Obama now calls these cuts a “meat cleaver” approach, not the same rhetoric he had when he promised to veto any attempt to stop them.

My, how things change over time. It was the Obama Administration that initially proposed the spending reductions, threatened a veto if Congress tried to stop them, and now demands that Congress do it anyway.

Will these spending reductions be “severe” as the President calls them? Let’s compare based upon a typical household budget. The federal spending last year of $3.54 trillion equates to a family making $35,400 dollars per year by dropping nine zeros. The sequestration spending reductions are $85 billion for the remaining seven months of fiscal year 2013. Drop the nine zeros again and this would equate to reducing our household budget spending by $85. Yes, you read that correctly. $85 bucks a year. Or $109 for a full year starting in FY2014.

While no one would claim a family income of $35,400 is well-off, even at that level, $85/$109 bucks a year isn’t going to induce pandemonium. Likewise, it won’t bring our federal government to its knees either. Isn’t that what Obama had in mind when he created the cuts?

Forget Greece, America’s future may reside right here in Detroit

Were Obama, Reid or Pelosi running Detroit, they would say it merely has a revenue problem, not a spending problem. Annual deficits in the hundreds of millions with unfunded liabilities of nearly $15 billion is much like our federal budget scenario. Unfortunately, there is no review board or emergency financial manager to step in and save America. Mayor Dave Bing has been attempting to avert the appointment of an emergency financial manager for several years. Each year the approach has been to issue even more long-term debt to solve cash crunch woes. Payday has arrived.

Highway-Sign

The findings of the review board are here – http://www.detroitnews.com/article/20130219/SPECIAL01/130219001/1408/LOCAL.

The numbers are staggering for a once booming metropolis. The 2013 cash deficit is expected to exceed $100 million by the end of June. The solutions proposed by the Mayor and City Council? One-time savings reforms rather than permanent reforms to avoid this situation again next year. Worse yet, the reforms only target non-union employees as the entrenched unions refuse to be part of the solution.

Absent the bond sales for long-term debt, the 2012 deficit would have ballooned from $326 to $936 million. Sounds familiar, doesn’t it? When our federal government outspends revenue, the Fed merely prints more money to mask the true picture of the deficit.

Addressing the unfunded pension liabilities of $14.9 billion isn’t even being discussed. $1.9 billion comes due within the next five years and no plan exists to pay it.

The problems are exacerbated by the inability of the review board to get a straight answer out of anyone. For instance, there are 2,030 employees in the police dept., yet there are wildly varying estimates of how many actually work a beat as opposed to paper pushers. Determining minimum staffing levels becomes virtually impossible.

Gov. Rick Snyder has 30 days to make a decision on appointing an emergency manager or proposing an alternative plan. It’s likely he’ll make the appointment recommendation. After that, the situation has become so dire that a municipal bankruptcy is the only realistic option. The City Council has a plethora of roadblocks in place to prevent any large scale gutting of municipal employees or other methods to cut costs leaving bankruptcy as the only viable solution.

The point of this post is to highlight the fact that no such option exists for the federal government. There is no oversight in the form of a review board or emergency manager to step in. While bankruptcy is technically an option for the federal government, devaluing the currency also exists. Neither are good and when we reach the breaking point, it will be a very hard fall. There are no safeguards short of the ballot box to stem the tide of an irresponsible, out-of-control Congress hell bent on crashing into the brick wall at top speed.

Detroit may get a second chance through the bankruptcy process, but if the City Council retains power it will reinstitute the same cradle to grave mentality that brought it here in the first place. Second chances are a part of American culture, but insanity by its common definition needs to be eradicated if we ever want to break this cycle of redistributing wealth until the dam bursts.