Saturday, September 15, 2012

The Federal Pump

The feds are pumping, but it isn't the economy that's getting pumped. And it isn't common sense or reason flowing through the pump. The Fed is pumping smoke and manur at a maddening rate. trying to stay just ahead of the Tsunami of disaster that is only weeks or months from engulfing America and the rest of the world.

Does anyone actually believe that printing 40 billion more dollars a month to "pump" into the economy is actually going to be beneficial? It further devalues the dollar and will lead to price increases of goods and services across the board. Inflation is what is coming and at the same time it hits, the news from Washington will be that it is time to cut the budget by billions.

Have a look at the article below. this is the future that is looming on America's horizon. 

With excruciating detail, the White House’s budget office on Friday laid out exactly where it will have to cut $109 billion from federal spending in January, including $11.1 billion from Medicare and $54.7 billion from defense spending.
The defense cuts include $21.5 billion from operations and maintenance for the Army, Navy, Air Force and Marines and the reserves and National Guard, and nearly $1.4 billion from military aide to Afghanistan, with tens of billions coming from procurement and other Pentagon accounts.
“The report leaves no question that the sequestration would be deeply destructive to national security, domestic investments, and core government functions,” the White House’s budget office said in the report.
Everything from fencing and technology along the U.S.-Mexico border to the government’s own internal watchdogs to local environmental programs are also on the chopping block.
The cuts fall particularly heavy on the federal civilian workforce, where staffing levels and salaries would be docked more than 8 percent almost across the board.
Also facing slashes are the National Institutes of Health, which would see a $2.5 billion cut, and the Centers for Disease Control and Prevention, which would have to trim $464 million, according to the 394-page report, issued by the White House Office of Management and Budget in response to a law.
The cuts are due under the terms of last year’s debt deal, which set up the automatic “sequesters” in exchange for granting the administration the borrowing authority to go deeper into debt. Last year’s deficit super committee was supposed to come up with replacements for the sequesters, but the bipartisan committee failed, leaving the automatic cuts in place. They take effect Jan. 2.

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