10 Really Stupid Things The Mainstream Media Has Said About The Bilderberg Group In 2011

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This weekend, dozens upon dozens of the wealthiest and most powerful people in the world will be gathering behind closed doors at a luxury hotel in Switzerland.  All of the participants are sworn to secrecy and swarms of heavily armed security guards are making sure that nobody unauthorized gets in.  Decisions will be made at this meeting which will fundamentally change our future.  The CEO of Amazon.com will be there, as will the head of Google, one of the co-founders of Facebook and one of the top executives from Microsoft.  The president of the EU will be in attendance, along with the president of the World Bank, the president of the European Central Bank, the head of the World Trade Organization and the top commander of NATO.  Henry Kissinger and David Rockefeller will be there.  Royalty from all over Europe will be attending as well.  Past attendees have included several U.S. presidents, Ben Bernanke, Timothy Geithner, Prince Charles, current British Prime Minister David Cameron, former British Prime Minister Tony Blair, German Chancellor Angela Merkel, Hillary Clinton, Bill Gates and current Texas governor Rick Perry.  You would think that these meetings would be something that the mainstream media would want to cover.  But unfortunately, the mainstream media mostly ignores the Bilderberg Group meetings, and if they do cover them they just crack a bunch of jokes about "conspiracy theories" and they do their best to play down the importance of the meetings. (Read More.....)

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US government hits debt ceiling, lighting 11-week fuse - Politics Wires - MiamiHerald.com

Image via Wikipediahttp://www.miamiherald.com/2011/05/16/2219825/us-government-hits-debt-ceiling.html
WASHINGTON -- Treasury Secretary Timothy Geithner informed Congress on Monday that the United States has reached its legal debt limit, setting off a ticking time bomb that could explode in less than three months if lawmakers can't bridge differences and allow more government borrowing.
In hitting the $14.3 trillion debt ceiling - the limit on how much the government can borrow - the Obama administration on Monday began temporarily halting payments to the retirement and federal pension accounts of federal workers and started borrowing from those funds, to be restored later.
Geithner sent a letter to Senate Majority Leader Harry Reid, D-Nev., warning that the government can move money around for about 11 weeks but if a new debt ceiling isn't agreed to by Aug. 2, the U.S. government could effectively default on its obligations to its creditors. He warned of "catastrophic economic consequences for citizens" unless Congress raises the debt ceiling.
An increase of about $2 trillion is expected, enough to get the issue past the 2012 elections before Congress would have to lift it again.
Republicans who control the House of Representatives vow to link raising the debt ceiling to cuts in government spending of at least equal measure. In a combative statement Monday, House Speaker John Boehner, R-Ohio, upped the ante.
"As I have said numerous times, there will be no debt limit increase without serious budget reforms and significant spending cuts, cuts that are greater than any increase in the debt limit." Boehner has called previously for $2 trillion in spending cuts as part of any deal to raise the debt ceiling.

Wisconsin Republican U.S. Rep. Paul Ryan, the chairman of the House Budget Committee, repeated the linkage in a speech Monday in Obama's adopted hometown.
"For every dollar the president wants to raise the debt ceiling, we can show him plenty of ways to cut far more than a dollar of spending," Ryan told the Economic Club of Chicago. "Given the magnitude of our debt burden, the size of the spending cuts should exceed the size of the president's debt limit increase."

Republicans rule out tax increases and any significant cuts in defense spending. The United States continues to fight wars in Iraq and Afghanistan paid for with borrowing, the only time in U.S. history that wars weren't offset at least partially with some sort of tax.
Democrats insist that Social Security is off the table, as is an end to Medicare, but they are open to changes in Medicare funding.
If Congress fails to raise the debt ceiling by Aug. 2, it would force the Obama administration to choose between paying creditors or paying for military operations, Social Security and Medicare payments, and other commitments.

Read more: http://www.miamiherald.com/2011/05/16/2219825/us-government-hits-debt-ceiling.html#ixzz1MYukcz7v

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