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Archive for the ‘crisis’ Category


National Debt Soars

politicalwire.com3/20/12

The national debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency, CBS News reports. "If Mr. Obama wins re-election, and

Change: Obama's addition to national debt now surpasses Bush

hotair.com3/20/12

The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency. The Debt rose $4.899 trillion during the two terms of the


 

According to CBS News, the national debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.

And that’s from CBS!

The nation’s debt rose $4.899 trillion during Bush’s two terms, but has sky-rocketed to $4.939 trillion since President Obama took office.

National Debt Has Sky-Rocketed Since Obama Took Office

Click on image for enlarged size.

The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion.

It was $10.626 trillion on President Bush’s last day in office, which coincided with President Obama’s first day.

What’s even more horrifying is that the national debt now exceeds 100% of the nation’s Gross Domestic Product; the total value of goods and services!

And the federal budget sent to Congress last month by Obama, projects the National Debt will continue to rise as far as the eye can see.

The budget shows debt hitting $16.3 trillion in 2012, $17.5 trillion in 2013 and $25.9 trillion in 2022.

Federal budget records show the National Debt once topped 121% of GDP at the end of World War II.

As part of his "Win the Future" program, Obama called for "taking responsibility for our deficits, by cutting wasteful, excessive spending wherever we find it".

If Obama wins re-election and his budget projections prove accurate, then the national debt will top $20 trillion in 2016, the final year of his second term.

That would mean that debt increased by 87%, or $9.34 trillion, during his two terms.


Google reportedly spending $120M to beef up Googleplex, 'Google

9to5google.com2/12/12

based Company reportedly plans to spend $120 million to add new advancements to its sprawling headquarters, from a new museum to new testing labs for the secret Google X projects. Google plans to open a new

Google said building huge facilities for secret projects | Electronista

www.electronista.com2/12/12

Secret projects would reportedly play a part, including for the Android@Home wireless audio device and Google's well-known but still secretive Project X labs. The highlight would be a 120000 square foot Experience Center.


 

Google just unveiled a new project dedicated to tackling some of the world’s biggest problems.

It’s called, "Solve for X",

It’s a TED -like think tank that will encourage problem solving and teamwork to come up with "radical" ideas that might help solve the world from its increasing and perhaps catastrophic problems.

Google Solve for X

 

The website says that it’s place where the curious and motivated will be able go to hear and discuss radical technology ideas for solving global problems.

“Radical in the sense that the solutions could help billions of people".

"Radical in the sense that the audaciousness of the proposals makes them sound like science fiction".

"And radical in the sense that there is some real technology breakthrough on the horizon to give us all hope that these ideas could really be brought to life".

The project is said to be looking for "moonshot" ideas and thinking, and the fruits of some of these labors, belive it or not, are already on the horizon.

One of Google chief scientists, Richard DeVaul announced that the Solve for X YouTube page and website will be updated to include video’s of the presentations for all to see.

Top Secret Google X

The project is believed to be linked to Google X which is the company’s top-secret lab that is dedicated to "shoot-for-the-stars" type ideas, such as driverless cars, web-connected appliances and even space elevators.

The Google X labs are reportedly run, "as mysteriously as the C.I.A." and our housed in two unnamed facilities, one in California at the company’s headquarters and one in an undisclosed location elsewhere in the country.

Rodney Brooks, who is a professor emeritus at M.I.T.’s computer science and artificial intelligence lab and founder of Heartland Robotics says:

“They’re pretty far out in front right now. But Google’s not an ordinary company, so almost nothing applies".

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