"Socialism is a philosophy of failure,
the creed of ignorance, and the gospel of envy,
its inherent virtue is the equal sharing of misery.."
-- Winston Churchill

Apple Now Has More Cash Than The U.S. Government!

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday. Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.
In other words, the world's largest tech company has more cash than the world's largest sovereign government. That's because Apple collects more money than it spends, while the U.S. government does not.
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This Is What A Collapsing Ponzi Scheme Looks Like: Housing Market Headed Off A Cliff As A Shocking 10.8 Million Mortgages At Risk Of Default

You might want to sit down for this one. As bad as the housing crisis has been over the past three years, it has only been a warm up to what we have headed our way. Laurie Goodman, from Amherst Securities, has been tracking the housing market as well as anyone. She just presented her latest findings at the American Enterprise Institute and it is a horrific forecast, to say the least. As she puts it, “10.81 million homes are at risk of default over the next 6 years. Even if we try to be extremely conservative we can’t get the number below 8.7 million units.”
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This is no longer about a faraway British tabloid scandal; it is about an out-of-control administration obsessed with retaining its grip on power.

President Obama is targeting critics in the media. This is no longer about a faraway British tabloid scandal; it is about an out-of-control administration obsessed with retaining its grip on power.

CLICK HERE TO READ THE STORY IN THE WASHINGTON TIMES...

Broke! 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind!

#1 Only 58 percent of Americans have a job right now.

#2 Only 56 percent of Americans are currently covered by employer-provided health insurance.

#3 The median yearly wage in the United States is $26,261.

#4 The average American household is carrying $75,600 in debt.

#5 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

#6 At this point, American families are approximately 7.7 trillion dollars poorer than they were back in early 2007.

#7 The poorest 50% of all Americans now own just 2.5% of all the wealth in the United States.

#8 According to one study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.

#9 Today, there are more than 44 million Americans on food stamps, and nearly half of them are children.

#10 According to Newsweek, close to 20 percent of all American men between the ages of 25 and 54 do not have a job at the moment.

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GOVERNMENT GONE WILD! SHOCK VIDEO: The Video Congress Does NOT Want You To See!

KUHNER: OBAMA'S CUTURE OF DEATH. Promoting abortion is key to smashing the family and traditional morality.

President Obama is on the verge of achieving his liberal revolution. His goal is to destroy our Judeo-Christian culture and replace it with European-style radical secularism.

The administration is now contemplating forcing health insurance companies to provide free birth control - including the “morning-after” pill - as part of Obamacare. The Department of Health and Human Services (HHS) is seriously considering adding contraception to the list of services that must be fully covered by insurers without charging co-payments. HHS is expected to make its final decision before Aug. 1. In other words, Mr. Obama’s government-run health care system may easily include another monstrosity: mandating that taxpayers subsidize the “morning-after” pill.

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KUHNER: Barack’s bumbling breakdown... Adolescent walkout reveals president’s desire to manufacture calamity.

President Obama is on the verge of a crackup. The debt-limit talks are beginning to take their toll. On Wednesday, the president stormed out of a meeting with House Majority Leader Eric Cantor. Like a petulant adolescent, Mr. Obama blamed the Virginia Republican for opposing a “grand bargain.”

Yet Mr. Obama is to blame for the current political crisis. He refused to engage in discussions about lifting the debt ceiling until very late in the process. He has not been serious about controlling runaway deficits. In fact, the budget he proposed earlier this year dramatically boosted federal spending. It was voted down in the Senate 97-0. Even Democrats considered it irresponsible and reckless.

Mr. Obama has buried America under a mountain of debt. READ THE REST OF THE STORY CLICK HERE...

KUHNER: President’s socialist takeover must be stopped! 1ST PUBLIC NEWSPAPER TO CALL FOR IMPEACHMENT!

President Obama has engaged in numerous high crimes and misdemeanors. The Democratic majority in Congress is in peril as Americans reject his agenda. Yet more must be done: Mr. Obama should be impeached.

He is slowly - piece by painful piece - erecting a socialist dictatorship. We are not there - yet. But he is putting America on that dangerous path. He is undermining our constitutional system of checks and balances; subverting democratic procedures and the rule of law; presiding over a corrupt, gangster regime; and assaulting the very pillars of traditional capitalism. Like Venezuela’s leftist strongman, Hugo Chavez, Mr. Obama is bent on imposing a revolution from above - one that is polarizing America along racial, political and ideological lines. Mr. Obama is the most divisive president since Richard Nixon. His policies are Balkanizing the country. It’s time for him to go.

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Spenditol - take only as directed!

Return of Mass Layoffs a Grim Sign for U.S. Workers

Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets

Back during the financial crisis of 2008, the American people were told that the largest banks in the United States were "too big to fail" and that was why it was necessary for the federal government to step in and bail them out. The idea was that if several of our biggest banks collapsed at the same time the financial system would not be strong enough to keep things going and economic activity all across America would simply come to a standstill. Congress was told that if the "too big to fail" banks did not receive bailouts that there would be chaos in the streets and this country would plunge into another Great Depression. Since that time, however, essentially no efforts have been made to decentralize the U.S. banking system. Instead, the "too big to fail" banks just keep getting larger and larger and larger. Back in 2002, the top 10 banks controlled 55 percent of all U.S. banking assets. Today, the top 10 banks control 77 percent of all U.S. banking assets. Unfortunately, these giant banks are also colossal mountains of risk, debt and leverage. They are incredibly unstable and they could start coming apart again at any time. None of the major problems that caused the crash of 2008 have been fixed. In fact, the U.S. banking system is more centralized and more vulnerable today than it ever has been before. READ THE REST OF THE STORY CLICK HERE...

RON PAUL SAYS IT BEST...CANCEL THE DEBT WITH THE FED.

HOOSIERS SHOW HOW IT’S DONE: INDIANA POSTS A SURPLUS AND DEMS ARE UNHAPPY

Indiana State Auditor Tim Berry announced the news on Thursday: the state posted a $1.2 billion surplus in the state budget. Considering that that the nation is in the middle of a nationwide recession, this may come as a surprise to many

Indiana’s fiscal year ended June 30 with the state having $400 million, or 40 percent more money in its coffers than it had at the same time last year.

“We’re showing . . . that you can manage a budget by reducing expenditures and not raising taxes,” said Berry.
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65 Ways That Everything That You Think That You Own Is Being Systematically Taken Away From You!

Everything that you own is slowly being taken away from you. It is being done purposely and it is being done by design. Many Americans like to think of themselves as "well off", but as will be demonstrated below, we don't "own" nearly as much as we think that we do.

Read all 65 ways click here...