Published: 13 Feb 13 12:46 CET | Print version
Updated: 13 Feb 13 13:12 CET
Online: http://www.thelocal.de/politics/20130213-47951.html
German Foreign Minister Guido Westerwelle on Wednesday welcomed US President Barack Obama's commitments to nuclear disarmament and a transatlantic free trade initiative in his State of the Union address.
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German state prosecutors filed on Wednesday charges against a policeman who punched a woman in the face, breaking her nose and eye socket while she was at a Munich police station in January. READ () »
Police on Wednesday carried out raids across several German states at more than 20 properties, which they believe are connected to a network of leftist extremists responsible for carrying out attacks over more than a decade. READ () »
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Germany is celebrating the 200th anniversary of the birth of Richard Wagner on Wednesday. Probably the country's most revered and reviled composer, the man considered an anti-Semitic musical genius is The Local's German of the Week. READ () »
German Economy Minister Philipp Rösler appealed to top US university students this week to consider Germany as the place to start their IT careers and called for tech entrepreneurs to be offered dual citizenship. READ () »
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Your comments about this article:
Stating a statistical fact makes one a hater? By that logic your blind and baseless defense makes you a sheep.
Look at the record number, and still growing, of people on the food stamp program. Its part of his 50+1 coalition,. Divide and conquer politics.
At the close of the federal government's 2011 fiscal year (September 30, 2011), the federal government had roughly:
• $7.3 trillion ($7,319,000,000,000) in liabilities such as federal employee retirement and veterans benefits.
• $18.8 trillion ($18,800,000,000,000) in unfunded obligations for current Social Security participants above and beyond projected revenues from their payroll and benefit taxes, certain transfers from the general fund of the U.S. Treasury, and assets of the Social Security trust fund.
• $24.4 trillion ($24,400,000,000,000) in obligations for current Medicare participants above and beyond projected revenues from their payroll taxes, benefit taxes, premium payments, and assets of the Medicare trust fund.
* The figures above are determined in a manner that approximates how publicly traded companies are required to calculate their liabilities and obligations. The obligations for Social Security and Medicare represent how much money must be immediately placed in interest-bearing investments to cover the projected shortfalls between dedicated revenues and expenditures for all current participants in these programs (both taxpayers and beneficiaries).
* Combining the figures above with the national debt and subtracting the value of federal assets, the federal government had about $60.9 trillion ($60,929,000,000,000) in debts, liabilities, and Social Security/Medicare obligations at the close of its 2011 fiscal year.
* This $60.9 trillion shortfall is 106% of the combined net worth of all U.S. households and nonprofit organizations, including all assets in savings, real estate, corporate stocks, private businesses, and consumer durable goods such as automobiles.
Yep! Take every cent from everyone in the US. And you would only pay off 50% of the debt.
This is a problem that cuts across both US Or more precisely, ALL political parties in ALL nations. You must remember also that ALL political parties gain by the ignorance of the citizens as to what the real problem is. They the politicians are very, very skilled at wording things in such a way that after listening to them. You might be convinced that the worlds problems are your Moms fault.
Ben Franklin had this to say ¦quot;When the people find they can vote themselves money, that will herald the end of the republic.¦quot;
When asked by a citizen after the signing of the Constitution what form of government the founders had instituted, Ben Franklin replied, ¦quot;a republic...if you can keep it.¦quot;
Why did our founding faather see our constitutional republic as so fragile? Well, it was in part because it had never been tried before, but they also understood all too well that self-government based on liberty will disintegrate and ultimately turn to tyranny when liberty turns to license. When a society decides that freedom means nothing more than the right to do or demand anything we want at any time. When freedom is based strictly on an ever-expanding body of rights untethered from responsibility. When people vote into office those who will make everyone pay for an ever-expanding universe of entitlements. This creates exactly the type of large, powerful, distant and unaccountable government against which we fought a revolution.