Field Day: MSNBC Goes More Nuts, CA Goes Nuts Again, and FedGov Spends Like Nuts

Posted: October 3, 2014 by ShortTimer in California, Economics, Government, Guns, Leftists, Media, Progressives and Left, Second Amendment
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Insanely left or insane lefties at MSNBC are blaming the National Rifle Association for the ebola outbreak.

Actually, that is one of the primary responsibilities of the United States surgeon general. There’s just one problem: Thanks to Senate dysfunction and NRA opposition, we don’t have a surgeon general right now. In fact, we haven’t had a surgeon general for more than a year now — even though the president nominated the eminently qualified Dr. Vivek Murthy back in November 2013.

He’d be one of those people who sees your right to protect yourself as a matter of “public health” requiring him to start regulating your rights – again, in the name of “public health”.  Of course, without the NRA to blame, there’d still be Manbearpig.

Meanwhile, in California, Governor Jerry “Moonbeam” Brown has signed a bill that allows family members to petition judges to remove their family members’ rights.

SACRAMENTO, Calif. (AP) — California will become the first state that allows family members to ask a judge to remove firearms from a relative who appears to pose a threat, under legislation Gov. Jerry Brown said Tuesday he had signed.

This does nothing to deal with the root causes of maniacal violence – that of the maniac.  Institutionalization is still nigh-impossible, yet removing constitutional rights without a trial, a hearing, or their knowledge from family members who said the wrong thing after Thanksgiving dinner is easier than ever.  Stasi-tastic!

And in even less fun economic news, the US is churning about $8,000,000,000,000 in debt.

When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months.  And as I wrote about recently, the U.S. national debt has increased by more than a trillion dollars in fiscal year 2014.

But that does not count the huge amounts of U.S. Treasury securities that the federal government must redeem each year.  When these debt instruments hit their maturity date, the U.S. government must pay them off.  This is done by borrowing more money to pay off the previous debts.  In fiscal year 2013, redemptions of U.S. Treasury securities totaled $7,546,726,000,000 and new debt totaling $8,323,949,000,000 was issued.  The final numbers for fiscal year 2014 are likely to be significantly higher than that.

So why does so much government debt come due each year?

Well, in recent years government officials figured out that they could save a lot of money on interest payments by borrowing over shorter time frames.  For example, it costs the government far more to borrow money for 10 years than it does for 1 year.  So a strategy was hatched to borrow money for very short periods of time and to keep “rolling it over” again and again and again.

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