We could go into the deep mathematical equations used by the Federal Government and attempt to explain the above mentioned Debt Clock but it just seems that it is not rocket science ---the current government concepts seem to be the following: 1. Government can spend money that is not theirs
2. Government can make the laws in regards to credit
3. Government can give the money to whomever they want
4. Government can spend money they don't have.....
5. If Government runs out of money they print more
6. Government can borrow money from other countires, even if they are not our friends. Do you know what we will pay them back with when we run out of money and have no gold....take a big guess.
No, it's not beans.....it's not poker chips....it's not strawberries.......
Click here to see how China (whom we are in great financial debt too) will be paid back
So in an effort to explain the reason for the debt, UP RISE will seek out and post here as a service to you, what YOUR money is paying for. No No...don't thank us....just sleep well and take pride in those public servants who were elected as overseers of the piggy bank. Obama said today (4/29/10) "there comes a time when you have made enough money". That's comforting
Here is one example that you will read about in the link below to the 55 page pdf that lists all of the wasteful stimulus spending.
Some of the other gems outlined in McCain's catalog of stupid spending are a $400,000 grant awarded to the University of Buffalo for a study on kids who smoke weed and drink malt liquor, a dinner cruise boat in Chicago that got $1 million to fight terrorism, and a $219,000 grant to the National Institute of Health to determine whether college chicks are more likely to "hook up" after drinking.In other words, the federal government spent $219,000 to study beer goggles. A closer look at 100 projects funded by the American Recovery and Reinvestment Act. Link to the 55 page pdf file here: http://coburn.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=a28a4590-10ac-4dc1-bd97-df57b39ed872 2. Renovations for Federal Building as Expensive as New Building ($133 million) 3. DTV Advertising Agency Generates Three Jobs ($5.9 million) 5. Water Pipeline to a Money-Losing Golf Course ($2.2 million) 6. Police Boat Gets High-Tech Upgrade Even As Force May be Downsized ($190,000)
7. Program to Control Home Appliances From a Remote Location ($787,250) 8. 18-Mile Tourist Rail Extended ($2 million)
This is what you will find in the above mentioned pdf file:
1."Almost Empty" Mall Awarded Energy Grant ($5 million)
4. Research to Develop Supersonic Corporate Jets ($4.7 Million)
9. Dinner Cruise Company Gets Terrorism Prevention Money ($943,190)
Read the pdf for these too (although they are all a waste of your money we have highlighted the "what we're they thinking?" handouts)