The U.S. is Insolvent

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Monday December 18, 2006 · 7:23 AM PST

2006/12/18 · 07:23

Many of us have known for a while that the U.S. is running out of time on its debt clock, but now the Treasury Department has confirmed it, via a report it snuck out last Friday. Enter Dr. Chris Martenson, with this week's must-read blog post: "The United States is Insolvent":

The US is insolvent. There is simply no way for our national bills to be paid under current levels of taxation and promised benefits. Our federal deficits alone now total more than 400% of GDP.

That is the conclusion of a recent Treasury/OMB report entitled Financial Report of the United States Government that was quietly slipped out on a Friday, deep in the holiday season, with little fanfare. Sometimes I wonder why the Treasury Department doesn’t just pay somebody to come in at 4:30 am Christmas morning to release the report....

But, hey, I understand. A report is this bad requires all the muffling it can get.

Follow me (and the Treasury Dept) below the jump to Meineke, 'cause we're going to need a huge-ass muffler.

IkeArumba

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Thursday January 05, 2006 · 3:45 PM PST

2006/01/05 · 15:45

As mentioned in my previous diary announcing the Windows WMF virus, I am following up to let everyone know that Microsoft has released its official patch:

Security update for WMF vulnerability [microsoft.com] Read More

WARNING: Major new Windows virus

IkeArumba

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Sunday January 01, 2006 · 8:57 PM PST

2006/01/01 · 20:57

Sorry to be off-topic, but I just wanted to give everyone a head's up about the nasty Windows "WMF" malware/virus that is hitting the internets hard this week. It may turn out to be one of the worst viruses ever.

You can get infected with the WMF malware just by looking at a web page with IE, or reading an email or Instant Message that contains an infected image (depending on the program you use). Metafilter has details and links to an unofficial patch. (more info on the flip...) Read More

18 THOUSAND dead in Asia. Did you get that?

IkeArumba

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Saturday October 08, 2005 · 8:03 PM PDT

2005/10/08 · 20:03

Holy shit.

So, I admit: I've been chilling on the couch all night, watching baseball, and a little TiVo, and drinking a couple gin and tonics. Typical Friday night around here... then I log in to MyYahoo and I see this headline:

Wow. Just wow. Eight-Teen Thousand Dead. This is by far the biggest story of the year.

CNN has the story story

This blows away Katrina, in terms of human tolls. (But of course is nowhere near the Tsunami, which totaled deaths of 275,000.)

I'm sure we will find out soon how we can help. These numbers are mind-boggling. My thoughts go out to the victims.

Wing-nut Parks blames Kanye West for N.O. rape victims (yes, victims)

IkeArumba

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Wednesday September 07, 2005 · 6:43 AM PDT

2005/09/07 · 06:43

This is my first diary, please be kind. Following is a transcript of an interview on CNN with Bob Parks, an African-American Republican who ran for Congress in California's 24th District, and now a columnist on americandaily.com. Carol Costello interviewed him yesterday morning on Daybreak, and he came out with this gem:

"Kanye West said that George Bush didn't care about black people. You know, for public policy experts like Kanye West to say things like that, ummm, I would venture to say the people who were being, the women who were being raped in the Superdome were probably more influenced by people like Kanye West and his peers than by George W. Bush."

More after the jump...

RSS

The U.S. is Insolvent

WMF Windows Virus: Official MS Patch

WARNING: Major new Windows virus

18 THOUSAND dead in Asia. Did you get that?

Wing-nut Parks blames Kanye West for N.O. rape victims (yes, victims)