This week Barack Obama publicly praised Ben Bernanke and stated that Bernanke has "already stayed a lot longer than he wanted" as Chairman of the Federal Reserve.  Bernanke's term ends on January 31st, but many observers believe that he could leave even sooner than that.  Bernanke appears to be tired of the job and eager to move on.

So who would replace him?  Well, the mainstream media is making it sound like the appointment of Janet Yellen is already a forgone conclusion.  She would be the first woman ever to chair the Federal Reserve, and her philosophy is that a little bit of inflation is good for an economy.  It seems likely that she would continue to take us down the path that Bernanke has taken us.

But is it a fundamentally sound path?  Keeping interest rates pressed to the floor and wildly printing money may be producing some positive results in the short-term, but the crazy bubble that this is creating will burst at some point.  In fact, the director of financial stability for the Bank of England, Andy Haldane, recently admitted that the central bankers have "intentionally blown the biggest government bond bubble in history" and he warned about what might happen once it ends...

"If I were to single out what for me would be biggest risk to global financial stability right now it would be a disorderly reversion in the yields of government bonds globally." he said. There had been "shades of that" in recent weeks as government bond yields have edged higher amid talk that central banks, particularly the US Federal Reserve, will start to reduce its stimulus.

"Let's be clear. We've intentionally blown the biggest government bond bubble in history," Haldane said. "We need to be vigilant to the consequences of that bubble deflating more quickly than [we] might otherwise have wanted."

Posted below is a chart that demonstrates how interest rates on 10-year U.S. Treasury bonds have fallen over the last several decades.  This has helped to fuel the false prosperity that we have been enjoying, but there is no way that the U.S. government should have been able to borrow money so cheaply.  This bubble that we are living in now is setting the stage for a very, very painful adjustment...

So what will that "adjustment" look like?

The following analysis is from a recent article by Wolf Richter...

Ten-year Treasury notes have been kicked down from their historic pedestal last July when some poor souls, blinded by the Fed’s halo of omnipotence and benevolence, bought them at a minuscule yield of 1.3%. For them, it’s been an ice-cold shower ever since. As Treasuries dropped, yields meandered upward in fits and starts. After a five-week jump from 1.88% in early May, they hit 2.29% on Tuesday last week – they’ve retreated to 2.19% since then. Now investors are wondering out loud what would happen if ten-year Treasury yields were to return to more normal levels of 4% or even 5%, dragging other long-term interest rates with them. They know what would happen: carnage!

And according to Richter, there are already signs that the bond bubble is beginning to burst...

Wholesale dumping of Treasuries by exasperated foreigners has already commenced. Private foreigners dumped $30.8 billion in Treasuries in April, an all-time record. Official holders got rid of $23.7 billion in long-term Treasury debt, the highest since November 2008, and $30.1 billion in short-term debt. Sell, sell, sell!

Bond fund redemptions spoke of fear and loathing: in the week ended June 12, investors yanked $14.5 billion out of Treasury bond funds, the second highest ever, beating the prior second-highest-ever outflow of $12.5 billion of the week before. They were inferior only to the October 2008 massacre as chaos descended upon financial markets. $27 billion in two weeks!

In lockstep, average 30-year fixed-rate mortgage rates jumped from 3.59% in early May to 4.15% last week. The mortgage refinancing bubble, by which banks have creamed off billions in fees, is imploding – the index has plunged 36% since early May.

If interest rates start to climb significantly, that will have a dramatic affect on economic activity in the United States.

And we have seen this pattern before.

As Robert Wenzel noted in a recent article on the Economic Policy Journal, we saw interest rates rise suddenly just prior to the October 1987 stock market crash, and we also saw them rise substantially prior to the financial crisis of 2008...

As Federal Reserve chairman Paul Volcker left the Fed chairmanship in August 1987, the interest rate on the 10 year note climbed from 8.2% to 9.2% between June 1987 and September 1987. This was followed, of course by the October 1987 stock market crash.

As Federal Reserve chairman Alan Greenspan left the Fed chairmanship at the end of January 2006, the interest rate on the 10 year note climbed from 4.35% to 4.65%. It then climbed above 5%.

So keep a close eye on interest rates in the months ahead.  If they start to rise significantly, that will be a red flag.

And it makes perfect sense why Bernanke is looking to hand over the reins of the Fed at this point.  He can probably sense the carnage that is coming and he wants to get out of Dodge while he still can.

#1 Beaten, Robbed And Left Naked In A Cow Pasture In Florida

A Florida man says that a first dated ended with him being beaten, forced to strip at gun point, robbed and then left in a cow pasture.

A Flagler County Sheriff’s Office case report obtained by NBC News indicated that 34-year-old Shaun Paul Williams was found naked and bloodied on State Road 100 in Bunnell. Williams told deputies that he had met a woman named “Tree” about two weeks ago in Dayton and agreed to go out on June 14.

When the woman picked him up on Friday, he discovered that two other men we also inside the vehicle. The woman explained that one of the men was her brother. She said that she needed to drop the men off at the brother’s home.

But instead of going to a home, the brother instructed the woman to stop at an “empty cow pasture.” Williams said that he exited the vehicle to urinate and was struck in the head with a “hard metal object.”

“Give me all your money and your clothes,” one of the men told him.

#2 Wendy's Customer Totally Loses It When They Put Cheese On His Hamburger

In recent months there have been a lot of videos posted on YouTube of crazed people yelling wildly at employees of various fast food chains.  The most recent example of this phenomenon to go viral is a video of a middle-aged man totally losing it after he discovered that Wendy's employees had put cheese on his hamburger.  You can watch the video here, but please be aware that it contains quite a bit of profanity and it is not appropriate for children to watch.  This is yet another example of how seemingly average people in America are becoming consumed with anger and frustration.

#3 Women Throwing Bleach Into The Eyes Of A Man On A City Bus In Boston

MBTA Police are searching for three young women who they say threw bleach in the eyes of a bus passenger after robbing him of his money.

The victim was returning home from work early Sunday morning, riding the #28 bus on Blue Hill Avenue through Roxbury, when it seems the trio sized him up.

Officials say one female slapped the man about the head, while one went to work to search him for money.

“One of the women puts her knee on top of his legs so he can’t get up and takes the money from his pockets,” MBTA Superintendent-in Chief Joseph O’Connor told WBZ-TV.

#4 The Wild Dogs Of St. Louis

Dangerous dogs are becoming more of a problem in parts of north St. Louis County.

It’s so bad, some people say they’re afraid to go out for a morning jog.

Resident Carolyn Immer says she was attacked and now has a hole in her leg.

“I felt like I was out in the middle of nowhere and there was nobody around to help,” Immer says. “I was screaming for a long time – it seemed like a long time lets put it that way.”

#5 Homeless In Dallas

So as of today I am officially homeless.

I won't bore you all with long sob stories.

About a year ago lost my job of twelve years, couldn't find new work, made some bad financial choices, and today I sit in the public library on my old laptop typing away as all my posessions lay in three small suitcases very close to where I am sitting.

I think this might possibly be the worst place to be homless, given the horrible heat.

So I have seventy-five cents to my name, am not sure where I'll be putting my head down to sleep tonight, and was wondering if anyone else out there has been in a similar prediciment.

#6 Detroit - Dumping Ground For The Dead

From the street, the two decomposing bodies were nearly invisible, concealed in an overgrown lot alongside worn-out car tires and a mouldy sofa. The teenagers had been shot, stripped to their underwear and left on a deserted block.

They were just the latest victims of foul play whose remains went undiscovered for days after being hidden deep inside Detroit's vast urban wilderness — a crumbling wasteland rarely visited by outsiders and infrequently patrolled by police.

Abandoned and neglected parts of the city are quickly becoming dumping grounds for the dead — at least a dozen bodies in the space of 12 months. And authorities acknowledge there is little they can do.

#7 Impaled On A Wrought Iron Fence In Chicago

A man was murdered Sunday night by someone who struck him in the head, causing him to become impaled on a wrought iron fence in the South Side Burnside neighborhood.

The 48-year-old victim was involved in a dispute with unknown individuals near his home in the 9100 block of South Greenwood Avenue about 8 p.m. Sunday when a male struck him in the head, police said.

The victim’s head was then impaled by a wrought iron fence near the eye, police said. He then fell to the ground and struck his head again.

#8 Robbery Victims Locked In The Trunks Of Their Own Vehicles In North Miami

CBS4 has learned of a horrible crime that has happened four times in the past two months in the city of North Miami. Gunmen have been forcing robbery victims in to the trunks of their cars while trying to get cash.

North Miami Police Major Neal Cuevas says he is worried about “copycat criminals” who may one day take a life.

One victim is speaking out exclusively to CBS4’s Peter D’Oench after being driven around in the trunk of his Mercedes Benz for two hours on Wednesday night. He was abducted at 8 p.m. while leaving his job and was finally rescued by police at 10 p.m. after discovering he had a cell phone in his trunk and after calling 911.

#9 Female Teacher Has Sex With Three Students In Oregon

A Sherwood High School teacher has been arrested and faces sexual abuse charges, stemming from accusations of sexual contact with at least three students.

A grand jury indicted Denise Keesee, 38, Monday on six counts of second-degree sexual abuse, according to the Washington County Sheriff's office. Keesee turned herself in this evening, said Sgt. David Thompson, a sheriff's office spokesman.

#10 A Police Officer That Shot Five Kittens While Children Were Watching

The Ohio Society for the Prevention of Cruelty to Animals wants Humane Officer Barry Accorti fired for allegedly shooting five kittens in a home's back yard on Monday.

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Accorti responded to a home Monday afternoon where a feral mother cat and her five kittens were living in a woodpile.

He allegedly told the homeowner that shelters were full and that the cats would be going to kitty heaven. He then pulled out his gun and shot the five, 8- to 10-week-old kittens.

Accorti allegedly told the homeowner that he isn't supposed to do this, but it was justifiable. The woman ran into the house to shield her children, who were screaming and crying.

So what do you think about these stories?

Do you have any tales like this to share?

Please feel free to share your thoughts by posting a comment below...

The funny thing is that the fact that investors are so highly leveraged is being seen as a positive thing by many in the financial world.  Some believe that a high level of margin debt is a sign that "investor confidence" is high and that the rally will continue.  The following is from a recent article in the Wall Street Journal...

The rising level of debt is seen as a measure of investor confidence, as investors are more willing to take out debt against investments when shares are rising and they have more value in their portfolios to borrow against. The latest rise has been fueled by low interest rates and a 15% year-to-date stock-market rally.

Others, however, consider the spike in margin debt to be a very ominous sign.  Margin debt has now risen to about 2.4 percent of GDP, and as the New York Times recently pointed out, whenever we have gotten this high before a market crash has always followed...

The first time in recent decades that total margin debt exceeded 2.25 percent of G.D.P. came at the end of 1999, amid the technology stock bubble. Margin debt fell after that bubble burst, but began to rise again during the housing boom — when anecdotal evidence said some investors were using their investments to secure loans that went for down payments on homes. That boom in margin loans also ended badly.

Posted below is a chart of the performance of the S&P 500 over the last several decades.  After looking at this chart, compare it to the margin debt charts that the New York Times recently published that you can find right here.  There is a very strong correlation between these charts.  You can find some more charts that directly compare the level of margin debt and the performance of the S&P 500 right here.  Every time margin debt has soared to a dramatic new high in the past, a stock market crash and a recession have always followed.  Will we escape a similar fate this time?

What makes all of this even more alarming is the fact that a number of things that we have not seen happen in the U.S. economy since 2009 are starting to happen again.  For much more on this, please see my previous article entitled "12 Clear Signals That The U.S. Economy Is About To Really Slow Down".

At some point the stock market will catch up with the economy.  When that happens, it will probably happen very rapidly and a lot of people will lose a lot of money.

And there are certainly a lot of prominent voices out there that are warning about what is coming.  For example, the following is what renowned investor Alan M. Newman had to say about the current state of the market earlier this year...

"If anything has changed yet in 2013, we certainly do not see it. Despite the early post-fiscal cliff rally, this is the same beast we rode to the 2007 highs for the Dow Industrials. The U.S. stock market is over leveraged, overpriced and has been commandeered by mechanical forces to such an extent that all holding periods are now affected by more risk than at any time in history."

Unfortunately, most Americans never get to hear such voices.  Instead, most Americans rely on the mainstream media to do much of their thinking for them.  And right now the mainstream media is insisting that we are not in a stock market bubble...

Forbes: "Why Stocks Are On Solid Footing And This Is No Bubble"

ABC News: "AP Survey: Economists See No Stock Market Bubble"

Businessweek: "Prognostications: It's Not a Stock Bubble"

Yahoo: "This Is NOT a Stock Bubble! Says Ben Stein"

MarketWatch: "Is a stock bubble coming? No, say economists"

So what do you think?

Do you believe that we are in a stock market bubble that is about to burst, or do you believe that everything is going to be just fine?

Please feel free to express your opinion by posting a comment below...

It’s mostly petty crime that neighbors are sick and tired of:  stolen lawn ornaments, vandalism.  But for neighbors like Tolonen, a breast-cancer survivor, that’s enough: “I will defend myself — and my home,” she told KOIN 6 News.

Tolonen recently had a beloved statue she calls “Lilly Rose” stolen off her front porch. She said she even saw the man who stole it and tried to chase him down — but he got away.

This was the last straw for Tolonen, who decided to take a class to get her concealed carry permit.

We are seeing similar things happen in other areas of the nation.  As I wrote about yesterday, the size of the police force has been cut in half in the city of Detroit over the past ten years.  Meanwhile, crime rates have skyrocketed.  So frustrated citizens are now teaming up with the police to patrol their own neighborhoods...

Volunteers given radios and matching T-shirts help officers protect neighborhoods where burglaries, thefts and thugs drive away people who can’t rely on a police force that lost a quarter of its strength since 2009. With 25 patrols on the streets, the city hopes to add three each year. Meanwhile, the homicide rate continues rising.

In some wealthier neighborhoods around the country, citizens are pooling their resources and are hiring private security firms to ward off criminals.  Just check out what is happening in Oakland...

After people in Oakland’s wealthy enclaves like Oakmore or Piedmont Pines head to work, security companies take over, cruising the quiet streets to ward off burglars looking to take advantage of unattended homes.

“With less law enforcement on the streets and more home crime or perception of home crime, people are wanting something to replace that need,” says Chris de Guzman, chief operating officer of First Alarm, a company that provides security to about 100 homes in Oakland. “That’s why they’re calling us and bringing companies like us aboard to provide that deterrent.”

According to Steve Amitay, the executive director of the National Association of Security Companies, this is also happening in other high crime cities such as Atlanta and Detroit.  In fact, it is being projected that the "private cop" business is going to absolutely boom in the years ahead.

But not everyone can afford to hire private cops.  Those with more limited resources are trying to cope with rising crime any way that they can.

In Chicago, firefighters are actually being enlisted to provide security for public school students walking to and from school...

The city of Chicago has ordered its firefighters to provide security for public school students walking to and from class through the city’s gang turf, according to an official memo from the Chicago Fire Department that WND obtained.

The memo, signed by Chicago Fire Commissioner Jose Santiago, states that the fire department will have “a strong physical presence” along student walking routes for three weeks at the beginning of the school year in the fall.

Sadly, this is just the beginning.  As the U.S. economy continues to get even worse, so will crime, gang activity and social decay.

But that doesn't mean that everyone will be bad.

The truth is that there are still some decent people out there.

Today, someone sent me a story about human decency that made me smile.  In Laguna Niguel, California a man accidentally sold a wooden watch box for $10 that contained his wife's $23,000 wedding ring.  When his wife found out about it, she was absolutely crushed...

Racquel Cloutier was distraught after her husband, Eric, told her he had sold the wooden watch box in which she had hidden the ring before going to hospital to have their fifth child. “I immediately started crying,” said Mrs. Cloutier, 31, of Laguna Niguel, California. “I just wanted the ring to be in a safe place and out of reach from my two-year-old twins.”

Fortunately, the box had ended up with a very honest couple...

A dozen kilometres away, in Mission Viejo, Alyssa and Andrew Lossau were frantically searching for a set of keys. They looked inside a box that Mrs. Lossau’s mother, Chaundel Holladay, had bought at a garage sale and given them as a gift.

Inside, they discovered the three-carat diamond ring. Mrs. Lossau found an email address for Mrs Cloutier and contacted her. “It is giving me faith in people again,” said Mr. Cloutier, 38. “By the grace of God it ended up with the most honest people,” said his wife.

So that story had a very happy ending.

There are still people out there that are ready and willing to do the right thing.

But not everyone is that way.  It has been said that desperate people do desperate things, and when the next major wave of the economic collapse strikes there are going to be millions of very desperate people out there on the streets of America.

Now is the time to get prepared for that.

The following are some facts about Detroit that are absolutely mind-blowing...

1 - Detroit was once the fourth-largest city in the United States, and in 1960 Detroit had the highest per-capita income in the entire nation.

2 - Over the past 60 years, the population of Detroit has fallen by 63 percent.

3 - At this point, approximately 40 percent of all the streetlights in the city don't work.

4 - Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles on them.

5 - 210 of the 317 public parks in the city of Detroit have been permanently closed down.

6 - According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.

7 - Approximately one-third of Detroit's 140 square miles is either vacant or derelict.

8 - Less than half of the residents of Detroit over the age of 16 are working at this point.

9 - If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.

10 - According to one very shocking report, 47 percent of the residents of Detroit are functionally illiterate.

11 - Today, police solve less than 10 percent of the crimes that are committed in Detroit.

12 - Ten years ago, there were approximately 5,000 police officers in the city of Detroit.  Today, there are only about 2,500 and another 100 are scheduled to be eliminated from the force soon.

13 - Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day.

14 - The murder rate in Detroit is 11 times higher than it is in New York City.

15 - Crime has gotten so bad in Detroit that even the police are telling people to "enter Detroit at your own risk".

16 - Right now, the city of Detroit is facing $20 billion in debt and unfunded liabilities.  That breaks down to more than $25,000 per resident.

As Detroit Emergency Manager Kevyn Orr noted last week, it took a very long time for Detroit to get into this condition...

“What the average Detroiter needs to understand is that where we are right now is a culmination of years and years and years of kicking the can down the road,” said Orr, adding that his proposal should not be seen as a “hostile act” but as a step in the right direction.

Does that sound familiar?

It should.

U.S. politicians have also been kicking the can down the road for "years and years and years".

But eventually you can't kick the can down the road anymore.

Sometimes it is helpful to step back and look at what we have done to ourselves over the past several decades.

For example, back in 1980 the U.S. national debt was less than one trillion dollars.  Today, it is rapidly approaching 17 trillion dollars.

And our debt binge has greatly accelerated under Barack Obama.

During Barack Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

Isn't that insane?

In fact, if you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.

The following are a lot more facts about our exploding national debt from one of my previous articles entitled "55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know"...

#1 While Barack Obama has been president, the U.S. government has spent about 11 dollars for every 7 dollars of revenue that it has actually brought in.

#2 During the fiscal year that just ended, the U.S. government took in 2.449 trillion dollars but it spent 3.538 trillion dollars.

#3 During fiscal year 2011, over a trillion dollars of government money was spent on 83 different welfare programs, and those numbers do not even include Social Security or Medicare.

#4 Over the past four years, welfare spending has increased by 32 percent.  In inflation-adjusted dollars, spending on those programs has risen by 378 percent over the past 30 years.  At this point, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  Once again, these figures do not even include Social Security or Medicare.

#5 Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent.  Now more than 16 million Americans are enjoying what has come to be known as an "Obamaphone".

#6 When Barack Obama first entered the White House, about 32 million Americans were on food stamps.  Now, 47 million Americans are on food stamps.  And this has happened during what Obama refers to as "an economic recovery".

#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.

#8 The U.S. Department of Agriculture recently spent $300,000 to encourage Americans to eat caviar at a time when more families than ever are having a really hard time just trying to put any food on the table at all.

#9 During 2012, the National Science Foundation spent $516,000 to support the creation of a video game called "Prom Week", which apparently simulates "all the social interactions of the event."

#10 The U.S. Department of Agriculture gave the largest snack food maker in the world (PepsiCo Inc.) a total of 1.3 million dollars in corporate welfare that was used to help build "a Greek yogurt factory in New York."

#11 The National Science Foundation recently gave researchers at Purdue University $350,000.  They used part of that money to help fund a study that discovered that if golfers imagine that a hole is bigger it will help them with their putting.

#12 If you can believe it, $10,000 from the federal government was actually used to purchase talking urinal cakes up in Michigan.

#13 The National Science Foundation recently gave a whopping $697,177 to a New York City-based theater company to produce a musical about climate change.

#14 The National Institutes of Health recently gave $666,905 to a group of researchers that is studying the benefits of watching reruns on television.

#15 The National Science Foundation has given 1.2 million dollars to a team of "scientists" that is spending part of that money on a study that is seeking to determine whether elderly Americans would benefit from playing World of Warcraft or not.

#16 The National Institutes of Health recently gave $548,731 to a team of researchers that concluded that those that drink heavily in their thirties also tend to feel more immature.

#17 The National Science Foundation recently spent $30,000 on a study to determine if "gaydar" actually exists.  This is the conclusion that the researchers reached at the end of the study...

"Gaydar is indeed real and… its accuracy is driven by sensitivity to individual facial features"

#18 Back in 2011, the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.

#19 The U.S. government spends more on the military than China, Russia, Japan, India, and the rest of NATO combined.  In fact, the United States accounts for 41.0% of all military spending on the planet.  China is next with only 8.2%.

#20 In a previous article, I noted that close to 500,000 federal employees now make at least $100,000 a year.

#21 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#22 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#23 During 2010, the average federal employee in the Washington D.C. area received total compensation worth more than $126,000.

#24 The U.S. Department of Defense had just nine civilians earning $170,000 or more back in 2005.  When Barack Obama became president, the U.S. Department of Defense had 214 civilians earning $170,000 or more.  By June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

#25 During 2010, compensation for federal employees came to a grand total of approximately 447 billion dollars.

#26 If you can believe it, close to 15,000 retired federal employees are currently collecting federal pensions for life worth at least $100,000 annually.  That list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.

#27 During 2010, the federal government spent $33,387 on the hair care needs of U.S. Senators.

#28 During 2010, U.S. Senators pulled $72,370 out of the "Senate Restaurant Fund".

#29 During 2010, an average of $4,005,900 of U.S. taxpayer money was spent on "personal" and "office" expenses per Senator.

#30 In 2013, 3.7 million dollars will be spent to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton.

#31 During 2011, the federal government spent a total of 1.4 BILLION dollars just on the Obamas.

#32 When you combine all federal government spending, all state government spending and all local government spending, it comes to approximately 41 percent of U.S. GDP.  But don't worry, all of our politicians insist that this is not socialism.

#33 As I have written about previously, less than 30 percent of all Americans lived in a home where at least one person received financial assistance from the federal government back in 1983.  Today, that number is sitting at an all-time high of 49 percent.

#34 Back in 1990, the federal government accounted for just 32 percent of all health care spending in America.  This year, it is being projected that the federal government will account for more than 50 percent of all health care spending in the United States.

#35 The number of Americans on Medicaid soared from 34 million in 2000 to 54 million in 2011, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#36 In one of my previous articles, I discussed how it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#37 If you can believe it, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for each and every household in the United States.

#38 In the United States today, more than 61 million Americans receive some form of Social Security benefits.  By 2035, that number is projected to soar to a whopping 91 million.

#39 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

#40 When Barack Obama first took office, the U.S. national debt was about 10.6 trillion dollars.  Now it is about 16.7 trillion dollars.  That is an increase of 6.1 trillion dollars in a little more than 4 years.

#41 The federal government has now run a budget deficit of more than a trillion dollars for four years in a row.

#42 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#43 If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#44 Some suggest that "taxing the rich" is the answer.  Well, if Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

#45 If the federal government used GAAP accounting standards like publicly traded corporations do, the real federal budget deficit for 2011 would have been 5 trillion dollars instead of 1.3 trillion dollars.

#46 The United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.

#47 At this point, the United States government is responsible for more than a third of all the government debt in the entire world.

#48 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.

#49 Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.

#50 The U.S. national debt is now more than 37 times larger than it was when Richard Nixon took us off the gold standard.

#51 The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.

#52 The U.S. national debt jumped more on the very first day of fiscal year 2013 than it did from 1776 to 1941 combined.

#53 Historically, the interest rate on 10 year U.S. Treasuries has averaged 6.68 percent.  If the average interest rate on U.S. government debt rose to that level today, the U.S. government would find itself spending more than a trillion dollars per year just on interest on the national debt.

#54 A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

#55 Boston University economist Laurence Kotlikoff is warning that the U.S. government is facing a gigantic tsunami of unfunded liabilities in the coming years that we are counting on our children and our grandchildren to pay.  Kotlikoff speaks of a "fiscal gap" which he defines as "the present value difference between projected future spending and revenue".  His calculations have led him to the conclusion that the federal government is facing a fiscal gap of 222 trillion dollars in the years ahead.

Please share this article with as many people as you can.  We are in the process of committing national financial suicide and time is rapidly running out to do anything about it.

Just like Detroit, a day is rapidly approaching when America will not be able to kick the can down the road anymore.

Sadly, our politicians don't seem inclined to do anything about it and most of the population seems to think that our exploding national debt is not a significant problem.

By the time it becomes clear how wrong they were, it will be far too late to do anything about it.

So why are thousands of companies handing over your personal data to the NSA?  Well, according to Bloomberg they are getting things in return...

Thousands of technology, finance and manufacturing companies are working closely with U.S. national security agencies, providing sensitive information and in return receiving benefits that include access to classified intelligence, four people familiar with the process said.

These programs, whose participants are known as trusted partners, extend far beyond what was revealed by Edward Snowden, a computer technician who did work for the National Security Agency. The role of private companies has come under intense scrutiny since his disclosure this month that the NSA is collecting millions of U.S. residents’ telephone records and the computer communications of foreigners from Google Inc (GOOG). and other Internet companies under court order.

Thanks to the recent revelations by Edward Snowden, much of the focus so far has been on the information that the NSA gets from Internet and telecommunications companies, but apparently government agencies collect information about all of us from a vast array of sources...

Makers of hardware and software, banks, Internet security providers, satellite telecommunications companies and many other companies also participate in the government programs. In some cases, the information gathered may be used not just to defend the nation but to help infiltrate computers of its adversaries.

Along with the NSA, the Central Intelligence Agency (0112917D), the Federal Bureau of Investigation and branches of the U.S. military have agreements with such companies to gather data that might seem innocuous but could be highly useful in the hands of U.S. intelligence or cyber warfare units, according to the people, who have either worked for the government or are in companies that have these accords.

We have become a "surveillance society", and this is exactly the sort of thing that the Fourth Amendment was supposed to protect us against.  The government is only supposed to invade our privacy and investigate us when there is probable cause to do so.

But now the government is trying to collect as much information about all of us as it possibly can even though the vast majority of us will never be charged with any crime.

There seems to be no limit when it comes to how much personal data the government wants to gather on all of us.  As I have written about previously, the chief technology officer at the CIA says that they "fundamentally try to collect everything and hang onto it forever."

And this does not just apply to American citizens.  The U.S. government is compiling data on everyone on the planet.  And since such a high percentage of Internet traffic flows through U.S. networks and U.S. companies, that gives the U.S. intelligence community a tremendous "home-field advantage".  The following is from a recent piece authored by Ronald Deibert, a professor of political science at the University of Toronto...

While cyberspace may be global, its infrastructure most definitely is not.

For example, a huge proportion of global Internet traffic flows through networks controlled by the United States, simply because eight of 15 global tier 1 telecommunications companies are American -- companies like AT&T, CenturyLink, XO Communications and, significantly, Verizon.

The social media services that many of us take for granted are also mostly provided by giants headquartered in the United States, like Google, Facebook, Yahoo! and Twitter. All of these companies are subject to U.S. law, including the provisions of the U.S. Patriot Act, no matter where their services are offered or their servers located. Having the world's Internet traffic routed through the U.S. and having those companies under its jurisdiction give U.S. national security agencies an enormous home-field advantage that few other countries enjoy.

But what is really the point of all of this intelligence gathering?

Is it to make us a little bit safer?

If so, we are making a massive mistake.

Benjamin Franklin once wrote the following: "They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."

Are you willing to give up your Fourth Amendment rights in order to feel a little more safe?

I hope not.

The U.S. Constitution never guaranteed us safety.  But it is supposed to guarantee our privacy.

Fortunately, it appears that at this point public opinion is very much against all of the snooping that the government has been doing.  According to the Guardian, most of the recent surveys that have been done are coming up with very consistent results...

Thursday, the Guardian released a poll conducted on Monday and Tuesday nights by Public Policy Polling looking at America's reaction to the National Security Agency (NSA) controversy. The public appears to be reacting negatively to the revelations – and it seems to be hurting President Obama.

We found 50% of American voters believe the NSA should not be collecting telephone or internet records, compared to the 44% who think they should. The results hold even when respondents were told that the data the government is collecting is "metadata" (and not necessarily actual content of communications).

These results are consistent with a CBS News poll, Fox News poll, and YouGov survey that showed only 38%, 32%, and 35% of Americans respectively approved of phone record collection in order to reduce the chance of a terrorist attack. A Gallup poll was consistent with these, showing only 37% approved monitoring of Americans' phone and internet use.

And Americans also seem to be very suspicious about what the government will do with our personal data once they have it.

In fact, according to a new Rasmussen survey, 57 percent of Americans believe that the government will use the information that it collects "to harass political opponents".

And of course many of the recent scandals that have erupted this year involve the government harassing political opponents.  We have seen this with the IRS scandal, and we have seen this with the spying on reporters scandal.

Just this week it was reported that CBS reporter Sharyl Attkisson has had her computers hacked repeatedly.  If you are not familiar with Attkisson, she is the one reporter in the mainstream media that has been relentless when it has come to pursuing the Operation Fast and Furious and Benghazi stories.  Now we are learning that a "sophisticated" intruder hacked into her computer "on multiple occasions" in late 2012...

CBS News announced Friday that correspondent Sharyl Attkisson's computer was hacked by "an unauthorized, external, unknown party on multiple occasions," confirming Attkisson's previous revelation of the hacking.

CBS News spokeswoman Sonya McNair said that a cybersecurity firm hired by CBS News "has determined through forensic analysis" that "Attkisson's computer was accessed by an unauthorized, external, unknown party on multiple occasions in late 2012."

"Evidence suggests this party performed all access remotely using Attkisson's accounts. While no malicious code was found, forensic analysis revealed an intruder had executed commands that appeared to involve search and exfiltration of data. This party also used sophisticated methods to remove all possible indications of unauthorized activity, and alter system times to cause further confusion. CBS News is taking steps to identify the responsible party and their method of access."

Meanwhile, in a desperate attempt to deflect attention away from all of these scandals, Barack Obama is starting a war with Syria.

In this war, we are actually going to be helping al-Qaeda rebels that are beheading Christians to take over Syria.

If you aren't aware of the deep connection between al-Qaeda and the Syrian rebels, just read the recent USA Today article entitled "Syrian rebels pledge loyalty to al-Qaeda" or any of the dozens of other articles that you can find on the Internet that document this very clearly.

And the sick thing is that a large number of Republicans are actually applauding Barack Obama for teaming up with al-Qaeda.

Has it suddenly become "conservative" to help al-Qaeda?

What in the world is going on?

And you know what?

The truth was that our troops were in position long before Barack Obama made his "stunning announcement" on Thursday.  In fact, it has been confirmed that U.S. troops are already in Jordan along the Syrian border.

And could this conflict with Syria actually set the stage for a much larger conflict?

The Russians have been providing "mortars, light artillery, antiaircraft guns, antitank weapons and ammunition" to the Syrian government and they have loudly denounced the latest moves by the Obama administration.

Yes, the Assad government is horrible, but what Obama is doing in Syria is a terrible, terrible mistake.

If the U.S. takes down the Assad government, forces loyal to al-Qaeda and other radical jihadists are going to take over and we will have made Russia and China very angry.  If the U.S. is unsuccessful in removing the Assad government, it will be considered a crushing defeat for the United States.

Either way, we lose.

So what do you think about all of this?  Please feel free to post a comment with your thoughts below...

As far as the Obama administration is concerned, there is no such thing as a coincidence.  The timing of this announcement regarding Syria was not an accident.  If Obama wanted to use chemical weapons as an excuse to go after Syria he could have done it weeks ago, or he could have waited several more months before taking action.  He chose to do it right now for a reason, and hopefully the American people will be able to see right through this.

So exactly what are we going to be doing for the Syrian rebels?  Well, we will definitely be arming them and training them.  And it is probably reasonable to assume that there will be American "advisers" on the ground inside Syria helping to organize the Syrian resistance.  In fact, according to Debka, a large U.S. Marine force has already been deployed to the Jordanian border with Syria.

In addition, according to the Wall Street Journal, U.S. aircraft may be involved in enforcing a no-fly zone inside Syria...

A U.S. military proposal for arming Syrian rebels also calls for a limited no-fly zone inside Syria that would be enforced from Jordanian territory to protect Syrian refugees and rebels who would train there, according to U.S. officials.

Asked by the White House to develop options for Syria, military planners have said that creating an area to train and equip rebel forces would require keeping Syrian aircraft well away from the Jordanian border.

To do that, the military envisages creating a no-fly zone stretching up to 25 miles into Syria which would be enforced using aircraft flown from Jordanian bases and flying inside the kingdom, according to U.S. officials.

No matter how you slice it, the United States is now in a state of war with Syria.  The only question is how "involved" we are going to get.

And several prominent Republicans are already rushing forward to applaud Barack Obama on this latest move.  The following comes from a CBS News report...

Sen. John McCain, R-Ariz., who met with the rebels last month and has been a vocal critic of the president's Syria policy said in a joint statement with Sen. Lindsey Graham, R-S.C.: "We appreciate the President's finding that the Assad regime has used chemical weapons on several occasions. We also agree with the President that this fact must affect U.S. policy toward Syria. The President's red line has been crossed. U.S. credibility is on the line. Now is not the time to merely take the next incremental step. Now is the time for more decisive actions."

But you know what?  Many of these Syrian rebels have actually pledged allegiance to al-Qaeda.

Yes, you read that correctly.

The whole point of the "war on terror" was to supposedly fight al-Qaeda, but now the U.S. military is allied with them.

Why in the world would we want to help the people who are supposed to be our greatest global enemy?...

A Syrian rebel group's pledge of allegiance to al-Qaeda's replacement for Osama bin Laden suggests that the terrorist group's influence is not waning and that it may take a greater role in the Western-backed fight to topple Syrian President Bashar Assad.

The pledge of allegiance by Syrian Jabhat al Nusra Front chief Abou Mohamad al-Joulani to al-Qaeda leader Sheik Ayman al-Zawahri was coupled with an announcement by the al-Qaeda affiliate in Iraq, the Islamic State of Iraq, that it would work with al Nusra as well.

Lebanese Sheik Omar Bakri, a Salafist who says states must be governed by Muslim religious law, says al-Qaeda has assisted al Nusra for some time.

"They provided them early on with technical, military and financial support , especially when it came to setting up networks of foreign jihadis who were brought into Syria," Bakri says. "There will certainly be greater coordination between the two groups."

This group of jihadists has been responsible for car and suicide bombings all over Syria, and they are the ones that have been doing the heaviest fighting on the front lines...

When the group Jabhat al Nusra first claimed responsibility for car and suicide bombings in Damascus that killed dozens last January, many of Syria’s revolutionaries claimed that the organization was a creation of the Syrian government, designed to discredit those who opposed the regime of President Bashar Assad and to hide the regime’s own brutal tactics.

Nearly a year later, however, Jabhat al Nusra, which U.S. officials believe has links to al Qaida, has become essential to the frontline operations of the rebels fighting to topple Assad.

Not only does the group still conduct suicide bombings that have killed hundreds, but they’ve proved to be critical to the rebels’ military advance. In battle after battle across the country, Nusra and similar groups do the heaviest frontline fighting. Groups who call themselves the Free Syrian Army and report to military councils led by defected Syrian army officers move into the captured territory afterward.

The prominence of Nusra in the rebel cause worries U.S. and other Western officials, who say its operations rely on the same people and tactics that fueled al Qaida in Iraq – an assertion that is borne out by interviews with Nusra members in Syria.

These are no "freedom fighters".  In fact, if these guys take over they will be much worse than Assad.  These "rebels" recently massacred an entire villages of Christians, and just two days ago they slaughtered a 14-year-old boy for supposedly insulting Mohammed...

The rebels, according to ABC News’ reconstruction of the Syrian groups’ reports, appear to have whipped Qatta. When they brought him back to where they’d taken him, his head was wrapped by a shirt.

The rebels waited for a crowd to gather; Qatta’s parents were among them. Speaking in classical Arabic, they announced that Qatta had committed blasphemy and that anyone else who dared insult the Prophet Mohammed would share his fate. Then, the shirt still wrapped around the boy’s head, the rebels shot him in the mouth and neck.

Is this really who the U.S. government wants to be allies with?

Are we that stupid?

And guess what?  According to the Los Angeles Times, the Obama administration is considering plans to bring all of the poor "refugees" that are allied with these "rebels" to the United States...

Two years into a civil war that shows no signs of ending, the Obama administration is considering resettling refugees who have fled Syria, part of an international effort that could bring thousands of Syrians to American cities and towns.

A resettlement plan under discussion in Washington and other capitals is aimed at relieving pressure on Middle Eastern countries straining to support 1.6 million refugees, as well as assisting hard-hit Syrian families.

But now we are committed to this conflict thanks to Obama.

There will be no backing down until Assad is gone.

Of course this could create a huge regional war in the Middle East or even eventually lead to World War III, but Obama doesn't seem to care.

For now, Obama is saving his own skin, and that is the most important thing to him.

Today, one of the most powerful men in the U.S. government is Keith Alexander, the Director of the NSA.  According to a Wired article that just came out, Alexander "is regarded with a mixture of respect and fear" by those inside the government...

Inside the government, the general is regarded with a mixture of respect and fear, not unlike J. Edgar Hoover, another security figure whose tenure spanned multiple presidencies. “We jokingly referred to him as Emperor Alexander—with good cause, because whatever Keith wants, Keith gets,” says one former senior CIA official who agreed to speak on condition of anonymity. “We would sit back literally in awe of what he was able to get from Congress, from the White House, and at the expense of everybody else.”

And according to that same article, Alexander foresees a day when the entire Internet will be directly under NSA control...

Alexander runs the nation’s cyberwar efforts, an empire he has built over the past eight years by insisting that the US’s inherent vulnerability to digital attacks requires him to amass more and more authority over the data zipping around the globe. In his telling, the threat is so mind-bogglingly huge that the nation has little option but to eventually put the entire civilian Internet under his protection, requiring tweets and emails to pass through his filters, and putting the kill switch under the government’s forefinger. “What we see is an increasing level of activity on the networks,” he said at a recent security conference in Canada. “I am concerned that this is going to break a threshold where the private sector can no longer handle it and the government is going to have to step in.”

Does that paragraph put a chill up your spine?

It should.

The free and open Internet that we enjoy today may not always exist.  The power of government may eventually transform it into something else entirely.

And as Dr. Jerome Corsi has just written about, Alexander has now publicly confirmed much of what Edward Snowden has been alleging...

The NSA director confirmed to Congress today that leaker Edward Snowden had access to a highly sensitive database containing personal information that could be mined to track a target’s thoughts and actions and possibly predict future acts.

U.S. Army General Keith B. Alexander, commander of U.S. Cyber Command and director of the National Security Agency, told the Senate Appropriations Committee that Snowden “had great skills as an IT (Internet Technology) system administrator.”

Yes, in this day and age every nation needs intelligence agencies.  But they should be used to spy on the enemies of the American people, not on the American people themselves.  The Fourth Amendment is supposed to be our guarantee that the government will not invade our privacy or investigate us unless there is probable cause that we have committed a crime.  That means that if they don't have probable cause they are supposed to leave us alone.

Unfortunately, those running our government seem to have a tremendous disdain for the U.S. Constitution.  In fact, all over the western world we are seeing freedoms and liberties being destroyed.  The following is what Simon Black recently had to say about all of this...

By now it should be clear to anyone paying attention that most of Western civilization is on a dangerous slide into tyranny.

They’re confiscating funds directly from people’s bank accounts. They’re seizing reporters’ personal records and phone logs. They’re digitally spying on everyone’s emails.

They’ve authorized military detention and drone assassination of their own citizens.

They’re using tax offices to harass political opposition groups.

They tell us what we are allowed to eat and drink, what foods we are allowed to put in our own body.

Think about it. These are Soviet tactics, plain and simple.

What’s more, they don’t even care. They think we’re all idiots who are too stupid to even notice what they’re doing.

Now is the time for the American people to stand up and object to all of this.

If you are waiting for our politicians to save you, then you are going to be waiting for a very, very long time.

And most Americans have already figured this out.  According to a new Gallup survey that was just released, the confidence that the American people have in Congress is at an all-time low.  Only 10 percent of all Americans have confidence in our legislative branch at this point.

If the American people do not demand change now, it will be a signal to those doing the snooping that they can push the envelope even farther.

We need to heed the warnings of the whistleblowers.  Our own government has been listening to our most private conversations and they have been totally getting away with it.  Just check out what NSA whistleblower Adrienne J. Kinne told NSA expert James Bamford...

I also wrote about Adrienne J. Kinne, an NSA intercept operator who attempted to blow the whistle on the NSA’s illegal eavesdropping on Americans following the 9/11 attacks. “Basically all rules were thrown out the window,” she said, “and they would use any excuse to justify a waiver to spy on Americans.” Even journalists calling home from overseas were included. “A lot of time you could tell they were calling their families,” she says, “incredibly intimate, personal conversations.” She only told her story to me after attempting, and failing, to end the illegal activity with appeals all the way up the chain of command to Major General Keith Alexander, head of the Army’s Intelligence and Security Command at the time.

Do you want the government to listen to your "intimate, personal conversations", record them and stash them in a giant data center out in Utah where they will be held forever?

If not, then this is your chance to stand up and demand change.

Today, one of the most powerful men in the U.S. government is Keith Alexander, the Director of the NSA.  According to a Wired article that just came out, Alexander "is regarded with a mixture of respect and fear" by those inside the government...

Inside the government, the general is regarded with a mixture of respect and fear, not unlike J. Edgar Hoover, another security figure whose tenure spanned multiple presidencies. “We jokingly referred to him as Emperor Alexander—with good cause, because whatever Keith wants, Keith gets,” says one former senior CIA official who agreed to speak on condition of anonymity. “We would sit back literally in awe of what he was able to get from Congress, from the White House, and at the expense of everybody else.”

And according to that same article, Alexander foresees a day when the entire Internet will be directly under NSA control...

Alexander runs the nation’s cyberwar efforts, an empire he has built over the past eight years by insisting that the US’s inherent vulnerability to digital attacks requires him to amass more and more authority over the data zipping around the globe. In his telling, the threat is so mind-bogglingly huge that the nation has little option but to eventually put the entire civilian Internet under his protection, requiring tweets and emails to pass through his filters, and putting the kill switch under the government’s forefinger. “What we see is an increasing level of activity on the networks,” he said at a recent security conference in Canada. “I am concerned that this is going to break a threshold where the private sector can no longer handle it and the government is going to have to step in.”

Does that paragraph put a chill up your spine?

It should.

The free and open Internet that we enjoy today may not always exist.  The power of government may eventually transform it into something else entirely.

And as Dr. Jerome Corsi has just written about, Alexander has now publicly confirmed much of what Edward Snowden has been alleging...

The NSA director confirmed to Congress today that leaker Edward Snowden had access to a highly sensitive database containing personal information that could be mined to track a target’s thoughts and actions and possibly predict future acts.

U.S. Army General Keith B. Alexander, commander of U.S. Cyber Command and director of the National Security Agency, told the Senate Appropriations Committee that Snowden “had great skills as an IT (Internet Technology) system administrator.”

Yes, in this day and age every nation needs intelligence agencies.  But they should be used to spy on the enemies of the American people, not on the American people themselves.  The Fourth Amendment is supposed to be our guarantee that the government will not invade our privacy or investigate us unless there is probable cause that we have committed a crime.  That means that if they don't have probable cause they are supposed to leave us alone.

Unfortunately, those running our government seem to have a tremendous disdain for the U.S. Constitution.  In fact, all over the western world we are seeing freedoms and liberties being destroyed.  The following is what Simon Black recently had to say about all of this...

By now it should be clear to anyone paying attention that most of Western civilization is on a dangerous slide into tyranny.

They’re confiscating funds directly from people’s bank accounts. They’re seizing reporters’ personal records and phone logs. They’re digitally spying on everyone’s emails.

They’ve authorized military detention and drone assassination of their own citizens.

They’re using tax offices to harass political opposition groups.

They tell us what we are allowed to eat and drink, what foods we are allowed to put in our own body.

Think about it. These are Soviet tactics, plain and simple.

What’s more, they don’t even care. They think we’re all idiots who are too stupid to even notice what they’re doing.

Now is the time for the American people to stand up and object to all of this.

If you are waiting for our politicians to save you, then you are going to be waiting for a very, very long time.

And most Americans have already figured this out.  According to a new Gallup survey that was just released, the confidence that the American people have in Congress is at an all-time low.  Only 10 percent of all Americans have confidence in our legislative branch at this point.

If the American people do not demand change now, it will be a signal to those doing the snooping that they can push the envelope even farther.

We need to heed the warnings of the whistleblowers.  Our own government has been listening to our most private conversations and they have been totally getting away with it.  Just check out what NSA whistleblower Adrienne J. Kinne told NSA expert James Bamford...

I also wrote about Adrienne J. Kinne, an NSA intercept operator who attempted to blow the whistle on the NSA’s illegal eavesdropping on Americans following the 9/11 attacks. “Basically all rules were thrown out the window,” she said, “and they would use any excuse to justify a waiver to spy on Americans.” Even journalists calling home from overseas were included. “A lot of time you could tell they were calling their families,” she says, “incredibly intimate, personal conversations.” She only told her story to me after attempting, and failing, to end the illegal activity with appeals all the way up the chain of command to Major General Keith Alexander, head of the Army’s Intelligence and Security Command at the time.

Do you want the government to listen to your "intimate, personal conversations", record them and stash them in a giant data center out in Utah where they will be held forever?

If not, then this is your chance to stand up and demand change.

#1 Barack Obama: "I think it’s important to understand that you can’t have 100 percent security and then have 100 percent privacy and zero inconvenience. We’re going to have to make some choices as a society."

#2 Barack Obama in 2007: "This Administration also puts forward a false choice between the liberties we cherish and the security we demand… That means no more illegal wire-tapping of American citizens. No more national security letters to spy on citizens who are not suspected of a crime. No more tracking citizens who do nothing more than protest a misguided war. No more ignoring the law when it is inconvenient. That is not who we are. And it is not what is necessary to defeat the terrorists… We will again set an example for the world that the law is not subject to the whims of stubborn rulers, and that justice is not arbitrary."

#3 Speaker Of The House John Boehner on what he thinks about NSA leaker Edward Snowden: "He’s a traitor."

#4 U.S. Senator Lindsey Graham: "I hope we follow Mr. Snowden to the ends of the Earth to bring him to justice."

#5 U.S. Senator Al Franken: "I can assure you, this is not about spying on the American people."

#6 Senate Majority Leader Harry Reid: "For senators to complain that they didn’t know this was happening, we had many, many meetings that have been both classified and unclassified that members have been invited to"

#7 U.S. Senator Mitch McConnell: "Given the scope of these programs, it’s understandable that many would be concerned about issues related to privacy. But what’s difficult to understand is the motivation of somebody who intentionally would seek to warn the nation’s enemies of lawful programs created to protect the American people. And I hope that he is prosecuted to the fullest extent of the law."

#8 U.S. Representative Peter King on why he believes that reporters should be prosecuted for revealing NSA secrets: "There is an obligation both moral, but also legal, I believe, against a reporter disclosing something which would so severely compromise national security."

#9 Director of National Intelligence James Clapper making a joke during an awards ceremony last Friday night: "Some of you expressed surprise that I showed up—so many emails to read!"

#10 Director Of National Intelligence James Clapper about why he lied about NSA spying in front of Congress: "I responded in what I thought was the most truthful, or least untruthful manner"

#11 National Security Council spokeswoman Caitlin Hayden: "The president has full faith in director Clapper and his leadership of the intelligence community"

#12 White House press secretary Jay Carney: "...Clapper has been straight and direct in the answers that he's given, and has actively engaged in an effort to provide more information about the programs that have been revealed through the leak of classified information"

#13 Dianne Feinstein, the chairwoman of the Senate intelligence committee: "There is no more direct or honest person than Jim Clapper."

#14 Gus Hunt, the chief technology officer at the CIA: "We fundamentally try to collect everything and hang onto it forever."

#15 Barack Obama: "Nobody is listening to your telephone calls."

#16 Keith Alexander, director of the National Security Agency: "We do not see a tradeoff between security and liberty."

#17 An exchange between NSA director Keith Alexander and U.S. Representative Hank Johnson in March 2012...

JOHNSON: Does the NSA routinely intercept American citizens’ emails?

ALEXANDER: No.

JOHNSON: Does the NSA intercept Americans’ cell phone conversations?

ALEXANDER: No.

JOHNSON: Google searches?

ALEXANDER: No.

JOHNSON: Text messages?

ALEXANDER: No.

JOHNSON: Amazon.com orders?

ALEXANDER: No.

JOHNSON: Bank records?

ALEXANDER: No.

#18 Deputy White House press secretary Dana Perino: "The intelligence activities undertaken by the United States government are lawful, necessary and required to protect Americans from terrorist attacks"

#19 U.S. Senator Saxby Chambliss: "This is nothing new.  It has proved meritorious because we have gathered significant information on bad guys and only on bad guys over the years."

#20 Former U.N. Ambassador John Bolton on NSA leaker Edward Snowden: "Let me ask, who died and made him king? Who gave him the authority to endanger 300 million Americans? That's not the way it works, and if he thinks he can get away with that, he's got another think coming."

#21 Senior spokesman for the NSA Don Weber: "Given the nature of the work we do, it would be irresponsible to comment on actual or alleged operational issues; therefore, we have no information to provide"

#22 The White House website: "My administration is committed to creating an unprecedented level of openness in government. We will work together to ensure the public trust and establish a system of transparency, public participation, and collaboration."

Right now, the NSA is building a data collection center out in Utah that is so massive that it is hard to describe with words.  It is going to cost 40 million dollars a year just to provide the energy needed to run it.  According to a 2012 Wired article entitled "The NSA Is Building the Country’s Biggest Spy Center (Watch What You Say)", this data center will contain "the complete contents of private emails, cell phone calls, and Google searches" in addition to "parking receipts, travel itineraries, bookstore purchases" and anything else that the NSA decides to collect...

Under construction by contractors with top-secret clearances, the blandly named Utah Data Center is being built for the National Security Agency. A project of immense secrecy, it is the final piece in a complex puzzle assembled over the past decade. Its purpose: to intercept, decipher, analyze, and store vast swaths of the world’s communications as they zap down from satellites and zip through the underground and undersea cables of international, foreign, and domestic networks. The heavily fortified $2 billion center should be up and running in September 2013. Flowing through its servers and routers and stored in near-bottomless databases will be all forms of communication, including the complete contents of private emails, cell phone calls, and Google searches, as well as all sorts of personal data trails—parking receipts, travel itineraries, bookstore purchases, and other digital “pocket litter.” It is, in some measure, the realization of the “total information awareness” program created during the first term of the Bush administration—an effort that was killed by Congress in 2003 after it caused an outcry over its potential for invading Americans’ privacy.

The goal is to know as much about everyone on the planet as possible.

And the NSA does not keep this information to itself.  As an article in USA Today recently reported, the NSA shares the data that it collects with other government agencies "as a matter of practice"...

As a matter of practice, the NSA regularly shares its information — known as "product" in intelligence circles — with other intelligence groups.

So when the NSA collects information about you, there is a very good chance that the FBI, the CIA, the Department of Homeland Security and the IRS will have access to it as well.

But the U.S. government is not the only one collecting data on American citizens.

Guess who else has been collecting massive amounts of data on the American people?

Barack Obama.

According to those that have seen it, the "Obama database" is unlike anything that any politician has ever put together before.  According to  CNSNews.com, U.S. Representative Maxine Waters says that this database "will have information about everything on every individual"...

"The president has put in place an organization that contains a kind of database that no one has ever seen before in life," she added. "That’s going to be very, very powerful."

Martin asked if Waters if she was referring to "Organizing for America."

"That’s right, that’s right," Waters said. "And that database will have information about everything on every individual in ways that it’s never been done before."

Waters said the database would also serve future Democratic candidates seeking the presidency.

Perhaps this helps to explain why so many big donors got slapped with IRS audits immediately after they wrote big checks to the Romney campaign.

We are being told to "trust" Barack Obama and the massive government surveillance grid that is being constructed all around us, but there has been example after example of government power being grossly abused in recent years.

A lot of Americans say that they do not care if the government is watching them because they do not have anything to hide, but is there anyone out there that would really not mind the government watching them and listening to them 24 hours a day?

For example, it has been documented that NSA workers eavesdropped on conversations between U.S. soldiers serving in Iraq and their loved ones back home.  Some of these conversations involved very intimate talk between husbands and wives.  The following is from a 2008 ABC News story...

Faulk says he and others in his section of the NSA facility at Fort Gordon routinely shared salacious or tantalizing phone calls that had been intercepted, alerting office mates to certain time codes of "cuts" that were available on each operator's computer.

 

"Hey, check this out," Faulk says he would be told, "there's good phone sex or there's some pillow talk, pull up this call, it's really funny, go check it out. It would be some colonel making pillow talk and we would say, 'Wow, this was crazy'," Faulk told ABC News.

 

Faulk said he joined in to listen, and talk about it during breaks in Back Hall's "smoke pit," but ended up feeling badly about his actions.

Is this really what we want the future of America to look like?

Do we really want the government to watch us and listen to us during our most intimate moments?

Feel free to express what you think about this NSA spying scandal by posting a comment below...