Unconstitutional US war of aggression against Libya bankrupts US government
Latest news, World news Tuesday, April 5th, 2011The U.S. Treasury has released a final statement for the month of March that demonstrates that financial bankruptcy has gripped the federal government. The Treasury paid a net of $1.0528 trillion in federal expenses for March. That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.
The Treasury paid $49.8 billion in Social Security benefits in March, $47.4 billion in Medicare benefits, and $22.575 billion in Medicaid benefits. The lions share went to finance the unconstitutional war of aggression against Libya. Bribes paid to UN Security Council members to support a US war of aggression against Libya. $billions paid to the CIA to recruit and pay mercenaries to pose as both Libyan rebels and Gaddafi mercenaries. $billions paid to the Pentagon to engage US military assets in the unconstitutional war of aggression against Libya.
The US Government spent more than 8 times its normal monthly revenue in March. The unconstitutionally war of aggression against Libya has bankrupted the US government. The US war of aggression against Libya will force the United States government to shutdown on Friday April 8, 2011.
On Monday April 4, 2011 U.S. House of Representatives Speaker John Boehner told fellow Republicans to prepare for a government shutdown. Boehner and other congressional leaders are due to meet with President Barack Obama on Tuesday to try to make headway on the plan, which would slice roughly $33 billion from this year’s budget and ensure that the government will keep running beyond midnight on Friday, when current funding expires.
Boehner instructed his fellow Republicans in an evening meeting to draw up plans on how the House would operate if the government were to shut down. Obama has been forced to suspend military operations against Libya. The U.S. government formally announced that last Saturday would be the final day of U.S. combat missions in Libya, but the U.S. agreed to a NATO request for a 48-hour extension. Last night the U.S. military assets were officially placed under NATO command.
The federal government’s cash-flow situation was summed up pungently in Senate Budget Committee testimony by Erskine Bowles, who served as chief of staff to President Bill Clinton and is now the co-chair of President Barack Obama’s National Commission on Fiscal Responsibility.
“I’m really concerned,” Bowles told the committee last month. “I think we face the most predictable economic crisis in history. A lot of us sitting in this room didn’t see this last crisis as it came upon us. But this one is really easy to see. The fiscal path we are on today is simply not sustainable.
“This debt and these deficits that we are incurring on an annual basis are like a cancer and they are truly going to destroy this country from within unless we have the common sense to do something about it,” said Bowles.
“I used to say that I got into this thing for my grandchildren,” Bowles said. “I have eight grandchildren under five years old. I’ll have one more in a week. And my life is wonderful and it is wild. But this problem is going to happen long before my grandchildren grow up.
“This problem is going to happen, like the former chairman of the Fed said, or the Moody’s said, this is a problem we’re going to have to face up,”… “But if our bankers over there in Asia begin to believe that we’re not going to be solid on our debt, that we’re not going to be able to meet our obligations, just stop and think for a minute what happens if they just stop buying our debt.
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