Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Obama Wants Higher Taxes, Arming Syrian Rebels, House Effort to Restrict NSA Fails & More!

July 27, 2013 by mosesman

[youtube=http://www.youtube.com/watch?v=_W7ZdnHMYvc]

  • Obama Wants Higher Taxes, Arming Syrian Rebels, House Effort to Restrict NSA Fails & More! 
    by Greg Hunter’s USAWatchdog.com   
    The top story concerns the Middle East ratcheting up the possibilities of an intensified war in Syria.  Top U.S. military officer General Martin Dempsey warned Congress about the “unintended consequences” of employing some of the military options that are being talked about.  Dempsey expressed concerns over arming al-Qaeda backed rebels and the fallout of weapons that could be used later against the U.S. and its allies.  There is also talk by some senators, like John McCain, of direct U.S. involvement that includes troops and aircraft use to establish a no-fly zone.  This according to General Dempsey could cost as much a $1 billion a month.  General Dempsey told Congress “we could inadvertently empower extremists.”  He said training and arming the rebels could cost as much a $500 million a month.  Nearly 100,000 Syrians have been killed in the two year civil war.  Remember, our opponent is not just the Assad regime, but Russia, Iran and, to some extent, China.
    –
    President Obama is going on the stump over the next few months to talk about the economy.  Simply put, he wants higher taxes and higher spending.  John Boehner, Speaker of the House, says no way.  He and the Republicans want just the opposite.  We have some huge hurtles coming at us.  Obama Care starts to kick in in October, and that is being called a job killer.  Also, the debt ceiling fight could end in stalemate and a government shutdown.  Is the President setting up the Republicans to take the blame?
    –
    Speaking of the economy, the Detroit story may now be off the front page, but its effects on the $3.7 trillion municipal bond market are just beginning.  Dozens of other cities are also in deep financial trouble.  Guess what that means?  Interest rates to fund city and state projects in the municipal bond market are going to get a lot more expensive.   Detroit’s pension fund alone is underfunded by $9 billion.  Bond holders will be lucky to get 20 cents on the dollar.  It’s hard to imagine pensioners will get much more than that.  Politicians promised all these goodies to get votes and now have shafted these people.  This is why I do not like public unions.  There are no profits–just taxpayers.  When things get bad and taxes get too high, people can just move, and that is what happened in Detroit and is happening in other big cities.   Many market experts say funding projects for cities, counties and states is going to get way more expensive.  That is going to cause higher taxes, cutbacks in services and, I predict, many more defaults.
    –
    A vote in the House of Representatives to restrict the NSA data collection and spy program was defeated, but just barely.  I think if NSA leaker Edward Snowden did not come forward and disclose this awful unconstitutional program, we wouldn’t ever be talking about this.  Snowden did the country a favor.  This is not over; I expect more votes in the future.
    –
    In a surprise move, the U.S. government filed criminal charges against SAC Capital Advisors for alleged insider trading.  SAC denies the charges, but a 41 page criminal indictment claims “pervasive insider trading.”  The government lawsuit is seeking $10 billion and could put the company out of business, just like Arthur Anderson in the Enron debacle.  Even though SAC has more than $14 billion under management, some say the government is just picking on a small company.  There have been no criminal prosecutions of big banks for things like security fraud and money laundering for drug cartels and countries that support terrorism. 

end

Post navigation

Previous Post:

Gold Going to $7,000 in Currency Reset Says Author Jim Rickards!

Next Post:

16 Conspiracy Theories That Turned Out To Be True!

Pages

  • About

Recent Posts

  • This Historic Treasury Auction Failure Just Triggered Gold’s Final Repricing | Andy Schectman
  • China And Japan Slam Israel Over “Warning Shots” at Diplomats | East Asia Tonight (May 22)
  • Live Emergency Edition Of The Alex Jones Show: US Intelligence Warns Israel Is Only DAYS Away From Attacking Iran’s Nuclear Facilities — Special Guest Nick Fuentes Responds!
  • MEDICAL GENOCIDE CONFIRMED??: Senate Homeland Security Committee Releases Detailed Report Proving The Biden Admin Knew COVID mRNA Injections Were Killing / Maiming Millions & Covered It Up!
  • Iran Tells UN: Threats from Israel May Compel Pre-Emptive Action; America Will Be Blamed for Any Israeli Attack
  • 60% Housing Price Crash! Shanghai & Beijing Middle Class in Total Despair
  • 🔴 Bill Holter’s DIRE Warning to GOLD Buyers
  • Explained: Why the IMF is Warning the US Debt is Near Breaking Point | Trump Tariffs
  • IMF Warns, Markets Panic: Inside America’s Debt Bomb | Vantage with Palki Sharma | N18G
  • ‘They’re Crazy People’ – EU Leaders Hell-Bent on Endless WAR: Gerald Celente
  • “They’re Lying to Us!” They ALL Want a War With Iran And It’s Coming | Redacted
  • Pepe Escobar: Trump in BIG TROUBLE—Putin & China’s BRICS Bombshell Just Devastated US Power
  • IDF ‘Defends’ Firing At Diplomats Amid Global Outcry | Dramatic Confrontation Caught On Cam
  • Summer of Market Chaos Ahead as Yen Carry Trade and “Big Beautiful Bill” Rattle Bond Markets.
  • BRICS/China Sell US Treasuries Big Pre-Summit…
  • Tel Aviv Under Houthi Attack: Ballistic Missile Brings Israel’s Ben Gurion Airport To Its Knees
  • Crisis In Japan: Massive Debt Is Collapsing Japan’s Entire Economy, Protests Everywhere
  • Shenzhen, NanJing, ChongQing … Real Estate Collapse, Economic Collapse, Rising Unemployment ….
  • Hong Kong Economic Decline, Rising Unemployment, Retrenchments, Real Estate Collapse …
  • Shanghai, Beijing Collapse! Housing Prices Plummet by 60% Middle-Class Mortgage Slaves Are in Misery
  • Wave of Sudden Deaths Sweeps China, Sinovac Vaccine Father Executed??
  • $7.6 Trillion Debt Wall Hits as US Scrambles For Buyers
  • The Bond Crash Has Begun. Buy Gold.
  • Bitcoin, Gold, Capital Wars & Fear: As July 1st Deadline Nears Banks Are Fighting Basel III
  • The US Dollar is in Crisis – Is the Next Commodity Supercycle Just Around the Corner?
  • Will Japan’s Debt Crisis Trigger Global Collapse Before US Debt Blows Up? Buy Assets Now?
  • US Debt Downgrade Is A Much Bigger Deal Than You Think (Here’s Why)
  • You Won’t Believe What Global Banks JUST Did

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
July 2013
M T W T F S S
« Jun   Aug »
1234567
891011121314
15161718192021
22232425262728
293031  
© 2025 Socio-Economics History Blog | WordPress Theme by Superbthemes