Epic Failure: The Supercommittee Was A Super Joke

article from: The Economic Collapse



Does anyone need any additional evidence that our political system is completely broken?  The bipartisan congressional supercommittee that was given two months to come up with at least $1.2 trillion in deficit cuts over the next decade has failed to reach an agreement.  It is an epic failure and a national embarrassment.  The truth is that they never even came close to an agreement.  In fact, as you will read below, the two sides on the panel have been barely even talking to each other.  In the end, the supercommittee was a super joke.  Meanwhile, the U.S. national debt has passed the 15 trillion dollar mark and we are facing trillion dollar deficits as far as the eye can see.  We are heading directly for a national financial disaster, and our "leaders" seem powerless to do anything about it.

The Committee of 13

Kurt Nimmo
Infowars.com
August 4, 2011



The so-called debt ceiling crisis has nothing to do with the government running out of money. It is about the creation of a super committee, a council of thirteen, designed to circumvent Congress and ignore the will of the American people.

The ruling elite have a plan to take America down. The takedown has a timeline, a schedule, and it has been interrupted and set back by Congress. Despite the fact Congress usually does whatever the globalists tell them to do, certain members hold up the agenda by holding hearings and introducing resolutions on everything from the Federal Reserve to the globalist wars in the Middle East, South Asia and now Africa.

'Super Congress': Debt Ceiling Negotiators Aim To Create New Legislative Body

Just when you thought you had seen it all!

These days there seems to be no limit as to how far our elected officials will go in their attempt to destroy our Constitution. This just released article from the Huffington Post should scare the hell out of every red blooded American.


article by: Ryan Grim

WASHINGTON -- Debt ceiling negotiators think they've hit on a solution to address the debt ceiling impasse and the public's unwillingness to let go of benefits such as Medicare and Social Security that have been earned over a lifetime of work: Create a new Congress.

This "Super Congress," composed of members of both chambers and both parties, isn't mentioned anywhere in the Constitution, but would be granted extraordinary new powers. Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers -- six from each chamber and six from each party.

The 11th Commandment is Alive and Well

article by: Michael Reagan


They stood up there on the stage, shoulder to shoulder, and voiced their opinions freely, often disagreeing with each other over the various details, but they did it like the gentlemen and lady that they are; attacking positions on the issues without attacking each other.

My dad, Ronald Reagan, would have been proud to see them strictly observe his 11th Commandment -- that Republicans shall not ever speak ill of their fellow Republicans.

Senate Seeks to Create Caesar

Terresa Monroe-Hamilton
NoisyRoom.net
May 11, 2011

While all of America is distracted and focused on the death of Osama bin Laden, our President and his minions have been fast at work laying the groundwork for S. 679: Presidential Appointment Efficiency and Streamlining Act of 2011 to speed through the Senate and then make its way into the House and then to the President to sign. Yes, the other hand is quickly forming into a dictatorial fist that is about to smash our Constitution.

No Buyers For Treasuries aka "Toxic Waste"

by: Bob Chapman

We believe there will be something similar to a QE3 by another name and the Fed will probably have to create some $2.5 trillion to buy Treasuries, Agencies, and toxic waste and perhaps inject funds into the economy. Japan certainly won’t be a buyer and probably will be a seller. China has indicated that they won’t be purchasers in the future either. The question also arises concerning the continued purchase of these securities by countries in the oil producing Gulf States, which are in turmoil. The three countries make up 45% of Treasury purchases. As we pointed out in previous issues the second half of 2011 should be monstrous. Even if the fed buys all the Treasury and Agency bonds they’ll still have to deal with a lower dollar and high inflation. Then there is high unemployment and raging gold and silver prices. There is also the question of US debt, federal, state and municipal debt, along with wars in the Middle East and North Africa. How many US Treasuries will Japan have to sell and how deeply will its slowdown effect American industry?

Obama's Permanent Spending Binge

article by: John B. Taylor

Americans are clamoring for a fact-based debate about the budget, but the numbers they're hearing from Washington are terribly confusing. Here's an example: Speaking at a Facebook town hall meeting here on Wednesday, President Obama sometimes talked about saving $4 trillion, at other times $2 trillion, and he varied whether it was over 10 years or 12 years, never mentioning any one year.

19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems

Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems.  When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt.  But the truth is that the institution with the most power over our economic system is the Federal Reserve.  So exactly what is the Federal Reserve?  Most people would say that it is an agency of the federal government.  But that is absolutely not true.  In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government.  Rather, the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress.

What Happened to the American Declaration of War?

article by George Friedman


In my book “The Next Decade,” I spend a good deal of time considering the relation of the American Empire to the American Republic and the threat the empire poses to the republic. If there is a single point where these matters converge, it is in the constitutional requirement that Congress approve wars through a declaration of war and in the abandonment of this requirement since World War II. This is the point where the burdens and interests of the United States as a global empire collide with the principles and rights of the United States as a republic.