If You Are A Baby Boomer - the real reason YOU SHOULD BE FURIOUS over CPI cuts:

[truedelphi]

15. I tried to let people know in another OP I had

That this first round of "sequestration" some 80 billions of dollars plus, is almost the exact amount of monies to be lent out to one bank over the same time period!

Additionally, how odd is the following?:

The Bernie Sanders-insisted-upon-audit of the Federal Reserve let the American people know that Bernanke lent out some 15 to 16 trillions of dollars to The Biggest Banks, not just American Banks, but overseas banks as well. This amount is about 4 trillions of dollars more that the entire GDP of our nation for a single year!

Experts now tell us that some 4.7 trillions of dollars of these loans will NEVER be paid back. (It is also worth considering that when a bank does do a payback, often they are allowed a tax credit for the entire amount paid back! This is handled through special legislation tacked onto some other piece of legislation, so they get full tax credit for repaying the loan principal. Wouldn't it be nice if when you or I paid off our 22.5 % credit card in full, we got credit on the principle we paid off!) It was through this type of maneuvering that Wells Fargo basically paid for the purchase of Wachovia - knowing that that the entire purchase payment would be rebated back to them by the wonderful workings of our tax code and our Congress critters giving them special handling.

Anyway, the deficit hawks now say we need to trim Federal Government spending by 4.1 trillions of dollars, over ten years. Remember how above I said that the Big Banks would never pay back some 4.7 trillions of dollars? So why not just force the banks that won't pay us back to start paying us back? At this point, after watching twelve million people have their homes foreclosed, I am more afraid of the Big Banks than Al Queda! If our government can tag the bank accounts of Bin Laden family members or the bank accounts belonging to Iran, so those accounts are seized, why can't our government seize these trillions of dollars? And leave our Social Security and MediCare programs alone!