As Syria Distracts, Here’s What's Happening While No One Is Looking by Tyler Durden August 29, 2013
As Syria Distracts, Here’s What's Happening While No One Is Looking As everyone is now completely distracted with the looming prospect of yet another illegal war to be waged by the 2009 Nobel Peace Prize recipient, let’s look at a few other things going on while no one is looking. Gun control Today, the Obama administration announced fresh measures to restrict the availability of firearms in the Land of the Free. This time around, they want to ban the re-importation of firearms that have been exported from the US to allied nations. They also want to raise the bar on federal background checks. But rather than go through Congress, the Obama administration is simply going to create a new ‘rule’. ‘Rules’ are a type of regulation created directly by agencies within the Executive Branch. They’re not laws, but they carry the same weight and effect as laws, complete with criminal and civil penalties. Oftentimes, hundreds of new rules are proposed every single day in the Land of the Free. It’s the easiest way for the President to circumvent the Constitution and simply decree whatever he wants. Debt ceiling The US government is once again danger close to defaulting. Bear in mind, at the start of the ‘credit crisis’ six years ago, US federal debt was just $8.9 trillion. Today, US federal debt stands at $16.738 trillion– 88% higher. Curiously, the statutory debt limit is $16.699 trillion… so the US government already breached its limit 39 billion dollars ago. For the last few months, the Treasury Department has been resorting to ‘extraordinary measures’ in