MyInfo4U.net

By now everyone has seen and played with the US debt clock via usdebtclock.org whereby anyone who so wishes, can find every little detail about America's current sad fiscal state. The fact that America currently has just under $14 trilllion in national debt should be no surprise to anyone who professes to having an even modest interest in the state of the US economy. Yet a new feature on the "debt clock", namely one which extrapolates future debt at current rates of advancement (instead of one based on the always completely inaccurate CBO estimates), and looks at US debt in the year 2015 will probably make many stop dead in the their tracks. If anyone thought that $14 trillion in 2010 debt is bad, just wait until we hit $24.5 trillion in total US national debt in 2015. And it gets even more surreal: total US Unfunded Liabilities are estimated at $144 trillion, roughly $1.2 million per taxpayer... Was that a pin dropping?

As Zero Hedge has long been predicting, we anticipate roughly $2 trillion in incremental debt per year. Surprisingly we are not far too off from where the "debt clock" sees US leverage in 5 years. At an estimated $24.5 trillion in federal debt, our $2 trillion per year run rate is spot on. Another thing that is spot on: our prediction that the US will need not one but two debt ceiling increases in 2011. And probably 6-8 over the next 5 years.

Some other observations for the US economy in 2015 simply assuming current conditions persist:

Federal spending will be $3.3 trillion per year, and with federal revenue of $2.3 trillion (this number will be reduced as it also assumes $731 billion in payroll tax, a number which will likely be indefinitely reduced) the result is a budget deficit of $983.7 billion.
Annual Medicare/Medicaid expenses will be just over $1 trillion
US population: 326.8 million
US workforce 131.3 million (and declining)
Officially unemployed: 19.4 million
Actual unemployed: 22.3 million
State/Federal employees: 17.9 million
People on SSN and other retirees: 72.6 million

And the most critical data:

Food stamp recipients: 89.7 million
Foreclosures: 2 million
Social Security Liability: $19 trillion
Medicare Liability: $99 trillion
Total US Unfunded Liabilities: $144 trillion
Gross Debt to GDP: 143%

Should one of the bolded predictions hit, the travails of Greek and Irish bondholders will be nothing compared to what those unlucky enough to be in possession of US debt in 2015 will have to go through.

The Maimi Herald reports the United States is deeply enmeshed in the Muslim world. “From the Saudi-Yemen border to lawless Somalia and the north-central African desert, the U.S. military is more engaged in armed conflicts in the Muslim world than the U.S. government openly acknowledges,” the Florida newspaper reported on December 9 after reading the latest batch of Wikileaks cables.
A few of the discoveries found by the Miami Herald:
The U.S. gave the Saudi Arabian government satellite imagery to help direct its military in airstrikes against Houthi Shiite rebels. Earlier strikes resulted in civilian casualties and the bombing of a medical clinic. Another target wasn’t a rebel site but instead the headquarters of a political opponent of Yemeni President Ali Abdullah Saleh. Pilots turned back when they learned of the target.
The Houthis are a separatist group operating in Yemen, a country that shares a border with Saudi Arabia. The Saudis claim the Houthis are in with al-Qaeda and backed by Iranian Shiites.
According to the Herald, the U.S. ambassador agreed to give the Saudis the satellite data because the imagery would help Saudi forces watch suspected al-Qaeda activity in that area.
“This kind of feeds the al-Qaida narrative, that we’re doing it everywhere,” said Lawrence J. Korb, a senior fellow at the globalist Center for American Progress in Washington and a former Pentagon official in the Reagan administration.
The military and intelligence complex and the foundation supported neocons have pushed an absurdist narrative with a fairy tale quality since September 11, 2001, a fictitious narrative that has so far resulted in more than a million dead in Iraq and an undetermined number of dead in Afghanistan, Pakistan, Yemen, Somalia, and the African Maghreb.
In addition, the Wikileaks cables reveal a collaboration with Algerian forces in 2006 and 2007 to capture militants allegedly bound for Iraq. The U.S. had also received permission to fly surveillance planes through Algerian airspace to hunt suspected al-CIA-duh members.
Earlier in the week, the Washington Times reported that the documents show the Saudis intervened in the Philippines to get two suspected terror financiers released.
The cables also cite Obama’s special representative and notorious globalist operative Richard C. Holbrooke as saying the “chief source of Taliban financing” was private donations from individuals in Persian Gulf states, not selling opium cultivated by the CIA’s tribal minions in Afghanistan.
Both the Afghan Mujahideen and later the Taliban were funded by the CIA and the Saudis.