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The GAO report is here.

I will give the Compost credit for actually publishing this. I guess the broken clock rule applies here.

1 posted on 12/29/2011 8:52:48 AM PST by markomalley
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To: markomalley

Good thing we got that payroll tax cut wich came directly out of social security.


2 posted on 12/29/2011 9:02:47 AM PST by Lurkina.n.Learnin (The democratic party is the greatest cargo cult in history.)
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To: markomalley

Thanks for posting The Sheriff of Nottingham’s, (Timmy Gee), Annual Feudal Robbing from us serfs Report.

Bookmarked!


3 posted on 12/29/2011 9:10:32 AM PST by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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To: markomalley

Important thread.


5 posted on 12/29/2011 9:26:42 AM PST by EternalVigilance
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To: markomalley

yes wapo reported on this. Nut I am sure they are not the only source to report this.

I wonder if this report always comes out at the same time.

This particular report should be of concern to every single american, even those who suck at the gov’t teat.
This shows clearly that even the suckers won’t be able to suck forever

so let’s just do away with Fica completely. sarc


6 posted on 12/29/2011 9:30:54 AM PST by RWGinger (Simpl)
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To: markomalley

Amazing.


7 posted on 12/29/2011 9:46:44 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: markomalley
To get a picture of what's going on, combine these numbers with the ones posted on Tue Dec 27 in "Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailout" http://freerepublic.com/focus/f-news/2825696/posts

And then with those in "Did China or Jihadists try to bankrupt America?" from Mar 1 about the near-collapse of the financial system in 2008. http://www.freerepublic.com/focus/f-news/2682067/posts?page=30#30 In the discussion, item 30, I listed a few of the big institutions way too small to have been responsible for that attack. The attack involved amounts much bigger than say the market cap of ExxonMobil.

Another set of huge amounts of money to consider is the notional value of derivatives. Zero Hedge probably has something on that.

And finally sovereign wealth, especially the amounts held by our pseudo-friendly enemies like China and Saudi Arabia.

It would be useful to put all this together in a list in order of amount, as the piece on the $16 trillion bailout began to do. Even better if someone with a background in finance put it all together.

8 posted on 12/29/2011 10:08:36 AM PST by omega4412
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To: markomalley

bkmk


9 posted on 12/29/2011 10:57:12 AM PST by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: markomalley

What’s going on at the Washington Post? There have been several articles lately critical of the way the nest of vipers have been operating the gubmint.


10 posted on 12/29/2011 12:40:26 PM PST by RobinOfKingston (The instinct toward liberalism is located in the part of the brain called the rectal lobe.)
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To: markomalley

Just... damn.

Copied, linked, and emailed to everyone in my address book. Posting to FB... now.


11 posted on 12/29/2011 3:49:22 PM PST by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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