Dec 9th 2013 federalreserve documents, linked below EXHIBIT I & J.
http://www.federalreserve.gov/releases/z1/current/accessible/l5.htm
Exhibit K
http://www.illinoisisbroke.com/news
Illinois' stack of overdue bills falls to $7.6 billion
AP) — Illinois will end 2013 with $7.6 billion in unpaid bills, a 15 percent reduction from a year earlier, officials said Monday. Comptroller Judy Baar Topinka had estimated the backlog would be closer to the $9 billion owed at the end of 2012. ...read more
Chicagoist
Top Stories Of 2013: The Pension Crisis In Chicago And Illinois
At $96 billion and growing, Illinois' underfunded public pension problem is by far the worst in the nation. But the pension problem didn't happen overnight, nor is it the fault of a single politician or special interest group. It's a crisis decades i ...read more
http://watchdog.org/122841/illinois-taxpayers-paying-billions-manage-debt/
Illinois taxpayers paying billions to ‘manage’ debt
By Ben Yount / January 9, 2014 / 19 Comments
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By Benjamin Yount | Illinois Watchdog
SPRINGFIELD, Ill. — Illinois taxpayers realize the state is buried in debt.
Illinois’ worst-in-the-nation pension systems alone owe at least $130 billion, but now comes a new warning about the high cost of simply managing that debt.
In her latest fiscal report, Illinois Comptroller Judy Baar Topinka warns that Illinois will see billion dollar payments in interest on the state’s exploding debt.
“(Last year) Illinois spent $1.45 billion on its general obligation bonds’ interest alone,” Topinka wrote in the December Fiscal Focus report. “Every dollar spent on interest is a dollar not spent on some other pressing need.”
The state rushed to borrow to pay for roads, bridges and schools, but that at least left the state with something to show for its spending, she writes. Borrowing for pensions has left little more than debt.
“Spending priorities really suffer,” said Cory Eucalitto, author of State Budget Solutions’ fourth annual report on state debt. “That’s bad for taxpayers who expect a quality education for their children and all of the other state services.”
Eucalitto’s newly released report details sky-rocketing debt in all 50 states.
The 50 states combined owe $5.1 trillion in debt, mainly for public pensions.
Illinois is among the worst offenders. The Land of Lincoln is in the top five when it comes to debt per capita ($25,959), debt in relation to state spending (727 percent) and unfunded pension liability ($254 billion).
State Budget Solutions uses a far less optimistic formula to calculate pension funding and total debt than does Illinois and most other states.
http://www.usdebtclock.org/state-debt-clocks/state-of-illinois-debt-clock.html
http://www.civicfed.org/iifs/blog/state-illinois-level-principal-rule-helps-keep-total-debt-cost-low
A provision of the General Obligation Bond Act in Illinois requires the State to structure its bonds so that equal amounts of the funds borrowed are repaid in each year of the loan. This structure, called level principal, benefits the State’s long-term debt profile by reducing the overall cost of borrowing and protects future borrowing capacity by ensuring annual debt service payments will decline over the life of the bonds.
However, this rule only applies to the bonds issued by the State. Recently, in response to the growing debt costs and expensive back loading of bonds by some local governments, the Civic Federation recommended that both the Chicago Transit Authority and the City of Chicago adopt similar constraints to avoid further exacerbating their long-term debt costs.
http://www.huffingtonpost.com/2012/08/28/state-debt-report_n_1836603.html
Aug 28 (Reuters) - America's 50 state governments owe $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps, according to a new report.
http://phys.org/news183664504.html
To get a sense of how much power an exawatt contains, compare it to a typical filament light bulb consuming about 100 W of electricity. The capacity of the entire U.S. electrical grid is about 10 billion times more than this, or about 1 terawatt. So the entire grid could supply enough energy to continuously power 10 billion 100 W light bulbs. A petawatt is 1,000 times more power than that, and an exawatt is 1,000 times greater than a petawatt.
Read more at: http://phys.org/news183664504.html#jCp
The real-life DEATH STAR: US researchers developing laser 100,000 times more powerful than all of Earth's power stations combined
Will emit a short laser burst with an intensity of 1023 watts per square centimetre
100,000 times more power than all the power stations in the world combined
Laser bursts will last only 1/100,000th of a billionth of a second
Laser being built by Lawrence Livermore lab in the US
By MARK PRIGG
PUBLISHED: 16:55 EST, 5 February 2014 | UPDATED: 17:00 EST, 5 February 2014
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It will be the most powerful laser ever created, and could give researchers incredible new insights into how the cosmos was created.
Called the High-Repetition-Rate Advanced Petawatt Laser System (HAPLS), it will emit 100,000 times more power than all the power stations in the world - for a tiny fraction of a second.
It has even been nicknamed the Death Star laser for its similarity to Darth Vader's laser wielding base in Star Wars.
The project has been nicknamed the 'death Star' after the Star Wars craft that could blow up planets +4
The project has been nicknamed the 'death Star' after the Star Wars craft that could blow up planets
HOW POWERFUL IS IT?
HAPLS is designed to ultimately generate a peak power greater than 1 petawatt (1015 or 1 quadrillion watts).
Each pulse will deliver 30 joules of energy in less than 30 femtoseconds (trillionths of a second or 0.00000000000003 seconds)—the time it takes light to travel a fraction of the width of a human hair.
The laser system will deliver these pulses of light at 10 hertz (10 repetitions per second).
The Extreme Light Infrastructure (ELI) Beamlines project is an EU-funded lab being developed with experts from around the world, including Lawrence Livermore lab in the US, and being built in the Czech Republic.
Due to be switched on by 2017, it will emit a short laser burst with an intensity of 1023 watts per square centimeter.
'ELI will become the first international laser research facility, much like a ‘CERN for laser research’, hosting some of the world’s most powerful lasers enabling a new era of unique research opportunities for users from all countries,' said Professor Wolfgang Sandner, director general of the ELI-Delivery Consortium International Association (AIBSL).
HAPLS will deliver ultrashort, high-energy laser pulses for generating secondary sources of electromagnetic radiation (such as high-brightness x rays) and accelerating charged particles (electrons, protons, or ions).
Read more: http://www.dailymail.co.uk/sciencetech/article-2552589/The-real-life-DEATH-STAR-US-researchers-developing-laser-powerful-Earths-power-stations-combined.html#ixzz2v2OZTwys
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Looking like a portal to a science fiction movie, preamplifiers line a corridor at the U.S. Lawrence Livermore National Laboratory's National Ignition Facility (NIF).
Preamplifiers work by increasing the energy of laser beams—up to ten billion times—before these beams reach the facility's target chamber.
The project's lasers are tackling "one of physics' grand challenges"—igniting hydrogen fusion fuel in the laboratory, according to the NIF website. Nuclear fusion—the merging of the nuclei of two atoms of, say, hydrogen—can result in a tremendous amount of excess energy. Nuclear fission, by contrast, involves the splitting of atoms.
This July, California-based NIF made history by combining 192 laser beams into a record-breaking laser shot that packed over 500 trillion watts of peak power—a thousand times more power than the entire United States uses at any given instant.
"This was a quantum leap for laser technology around the world," NIF director Ed Moses said in September. But some critics of the $5 billion project wonder why the laser has yet to ignite a fusion chain reaction after three-and-a-half years in operation. Supporters counter that such groundbreaking science simply can't be rushed.
http://www.brillig.com/debt_clock/
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 04 Mar 2014 at 11:18:31 PM GMT is:
$ 1 7 , 4 4 7 , 1 8 5 , 4 1 6 , 0 0 4 . 9 2
The estimated population of the United States is 317,759,198
so each citizen's share of this debt is $54,906.94.
The National Debt has continued to increase an average of
$2.65 billion per day since September 30, 2012!
Concerned? Then tell Congress and the White House!
http://voices.washingtonpost.com/ezra-klein/2011/03/what_the_social_security_trust.html
What the Social Security trust fund is worth
By Ezra Klein
There’s an interesting argument going on today between my colleague Charles Krauthammer and OMB Director Jack Lew. Krauthammer makes a case for both the ease and necessity of Social Security reform, and in particular a case against the Treasury securities that the Social Security program invests its surplus in. “They are worthless,” Krauthammer writes. “As the OMB explained, they are nothing more than ‘claims on the Treasury.’ ”
Lew fires back over at the White House blog, noting that “these Treasury bonds are backed by the full faith and credit of the U.S. government in the same way that all other U.S. Treasury bonds are, making them anything but ‘worthless IOUs’ as Krauthammer suggests. The government has just as much obligation to pay back the bonds in the Social Security trust fund as we do to any other bondholders.
I’m actually pretty sympathetic to arguments against trust fund accounting, because I a) think the trust funds confuse people, and b) think that they cramp our options for funding Social Security. At the end of the day, there is one federal government. It raises a certain amount of money, engages in a certain amount of spending, and a dollar it uses for one purpose is a dollar that it cannot use for another purpose. When I talk about Social Security and Medicare, I often get e-mails from liberals saying these programs are self-financed and they don’t have any relationship to the deficit. That’s true in the sense that they are not increasing deficits now, but it’s untrue in the sense that they are projected to vastly increase deficits later. When their revenues stop meeting their expenses, in other words, they will begin increasing the deficit. They are not separate in any serious way.
http://www.washingtontimes.com/news/2012/feb/6/clinton-gingrich-and-the-balanced-budget-myth/
According to the Bureau of Public Debt of the U.S. Department of the Treasury, the federal debt actually increased in each of those years. In other words, the supposed surplus was never realized. Can it be a myth? Can it be the “surplus” was just another gimmick that Washington uses because it makes up its own rules? Let’s look even closer.
As anyone unfortunate enough to work in the private sector understands, there is a huge difference between a budget and actual results. The first is an aspiration, the second is reality. But Washington plays a different game. Congress invents its own rules, uses those rules to prepare a budget and then passes it in the form of legislation. Then they say it is real. Whether it actually is to the rest of the country just doesn’t matter.
It turns out the budget scored a surplus only because it borrowed money from the “trust” funds that secure entitlement payments, such as Social Security and Medicare. Since, in the real world, those funds would be considered obligated, those intergovernmental borrowings actually increase the federal debt. They are included in the debt figure that is published by the Bureau of Public Debt.
Read more: http://www.washingtontimes.com/news/2012/feb/6/clinton-gingrich-and-the-balanced-budget-myth/#ixzz2v2Yk9xlv
Follow us: @washtimes on Twitter
https://www.census.gov/popclock/
U.S. and World Population Clock
Note: The Population Clock is consistent with 2010 Census data and the most recent national population estimates.
Mar 04, 2014 23:41 UTC (+6)Learn More | Download and Share
U.S. Population
,,317,636,914
COMPONENTS OF POPULATION CHANGE
23:41:23 UTC
One birth every 8 seconds
One death every 12 seconds
One international migrant (net) every 40 seconds
Net gain of one person every 16 seconds
World Population
,,,7,150,956,650
TOP 10 MOST POPULOUS COUNTRIES
1. China 1,355,692,576 6. Pakistan 196,174,380
2. India 1,236,344,631 7. Nigeria 177,155,754
3. United States 318,892,103 8. Bangladesh 166,280,712
4. Indonesia 253,609,643 9. Russia 142,470,272
5. Brazil 202,656,788 10. Japan 127,103,388
select dateThe United States population on July 4, 2013 was: 316,148,990
select dateLearn More | Download and Share
Annual Population Estimates
http://www.deptofnumbers.com/employment/us/
Department of Numbers
US Employment and Jobs
There were 137,499,000 jobs in the US in January 2014 according to the CES survey of employers. The CPS survey of households showed 145,224,000 employed persons for the month. The US added 113,000 jobs in January 2014 according to the CES survey while the broader CPS employment measure rose by 638,000. (Comparing CES and CPS employment numbers.)
Employment Survey January 2014 Month/Month Year/Year
CES 137,499,000 +113,000 +2,238,000
CPS 145,224,000 +638,000 +1,840,000
Employment Changes