The Government Needs A New Source for Funds

The U.S. debt, not including unfunded liabilities, is over $17 trillion dollars.  And the U.S. Treasury estimates our debt to go over $28 trillion by 2018!  In order to finance this debt, the Federal Reserve has been buying 90% of the U.S. Treasury market through money-printing stimulus, to the tune of $80 BILLION per month for the last several years.  And we all know that the Fed has begun tapering its stimulus program because they can no longer afford to fund the national debt.

Read about it here.

Senate Banking Committee approves Janet Yellen for FED

The Senate Banking Committee, in a vote of 14-8, approved Janet Yellen as the next chair of the Federal Reserve. The move clears the way for a full Senate vote later this year.

More on this story: http://www.foxbusiness.com/economy-policy/2013/11/21/senate-panel-green-lights-janet-yellen-for-fed-chief/ 

Common Core Teachers Taught to Praise Wrong Answers Like ’3 x 4 was 11’

Apparently, under the new Common-Core standards, correct answers don’t really matter. At least that’s according to a “curriculum coordinator” in Chicago named Amanda August. “Even if [a student] said, ’3 x 4 was 11,’ if they were able to explain their reasoning and explain how they came up with their answer really in, umm, words and oral explanation, and they showed it in the picture but they just got the final number wrong, we’re really more focused on the how,” said the common core supporter and typical liberal, Amanda. Off course this reasoning explains quite a bit regarding our nation’s 16 trillion dollar debt, and Nancy Pelosi’s assertion that Obamacare was a “deficit reducer.” When you consider that our finest economic leaders in the Federal Reserve, and the White House, think spending more money will result in fewer deficits, teaching that 3 x 4 = 11 (if you explain it well) isn’t really much of a stretch.

http://finance.townhall.com/columnists/michaelschaus/2013/08/19/common-core-will-instruct-teachers-to-praise-wrong-answers-n1667595?utm_source=thdaily&utm_medium=email&utm_campaign=nl