No Deal Pending on Sequestration, Because of the Opportunity it Presents

Joe Scarborough got it got it right, when he said that America won't remember the Sequester of 2013 "as some cataclysmic fiscal event", but when he goes on to say about the Republicans that "you would think its leadership would have taken to heart Mr. Obama’s warnings and struck a deal before their abysmal approval ratings sank even lower", he fails to see the point.  Obama had absolutely no intention of striking a deal.  These cuts after all, amount to a paltry 2% of PROJECTED spending (which is always a MINIMUM of 3% higher than the previous year).  As the former White House Chief of Staff to the President, Rahm Emanuel used to always say, "You never let a serious crisis go to waste".  This issue literally presents the President with yet another opportunity to slam the Republicans and get more public support for his programs, his methods, his tax increases and so on.  So what was Obama's end game?  Blow this up to an issue, even though he knew it's a non issue, then blame the Republicans!

 

Think about it, Joe himself reported on how the Republicans wanted to give the President control over exactly what would be cut, yet he refused?  Not only did he refuse, he actually threatened to VETO any bill that gave him that kind of authority and responsibility!  Why would he do this?  Simple, the President doesn't want ANY cuts whatsoever, no matter how small and no matter how much waste is pointed out, but more importantly he wants to have another issue to beat up the Republicans over.  The plan is to hype up the damage to the economy over the next year so the Republicans lose in the Midterm elections.  Obama ends up with Nancy Pelosi in charge of Congress again and he can go back to pushing things like his Climate Change agenda and other tax increases.

Five Reasons the Government Shouldn't Spend Money

We all know it's true, government, especially the Federal Government wastes a ton of cash.  There's stories all over the media about how the government spends 3 to 5 times what the private sector spends to create equivalent Jobs, and how they overpay for... well EVERYTHING!

With all this evidence of government excess though, even the good folks at Fox News say that in a downturn, when no one else is spending, the government should step in and fill the gap, so to speak.

Here are 5 reasons why those voices are mistaken, and should not be listened to:

• Number One:  Taxation reduces available Capital.

This is probably the most obvious.  If a small business needs to pay the bare minimum 35%, not counting State taxes, it not only reduces capital available for expansion, but additionally neccesitates higher prices to the consumer, reducing available spending power of the consumer, thereby also reduces jobs in that there are less opportunities for the consumer to buy other products either from the same company, or any other company.  As an example, before elected, when Reagan was asked what he would do to reduce rampant inflation back in the late 70's, he said he believed that reducing taxation would stimulate economic development and lower prices. He believed that ordinary people, free to pursue their own goals without undue interference, would creatively shape a booming economy and he was right.

• Number Two:  Corporations Prefer Government Debt in uncertain times.

There's so much talk about corporations "sitting" on nearly 2 Trillion in cash.  They're not that dumb.  They're not going to sit on Cash, they're going to sit on tax free T-Bills.  Again, if that option wasn't available because the government wasn't spending so much and taking on so much debt, they might be more apt to move that cash back into growing their business or at least investing in something that creates jobs.

• Number Three:  Banks prefer government debt.

Why take a risk when you can go with tax free government guaranteed profit?  Again, why bother investing in the private Sector when the Government hands you all the tax free guaranteed profits you need?  There are THOUSANDS of small businesses around the country starved for credit, because the banks don't want to give them even a short term loan, required to buy some inventory.  Many of these businesses could readily increase sales and profitability with decent inventory levels, but credit is hard to come by.  Reduced government spending will have Banks actually LOOKING for business again, instead of lazily sitting back and pressing a couple of buttons to buy all the T-Bills they could possibly ever want to gobble up.

• Number Four:  Printing money depreciates savings.

The value of the Dollar, has been reduced by over 30%, just in the past 7 years.  Gasoline alone, costs over 30% more than a year ago.  The same can be said for basic food items, like Corn.  If the value of our money is devalued, then once again, it reduces what we're able to buy.  We then have less to spend at the corner store, the movies, vacations, cars and so on.  We have to keep things longer before replacing them.  This reduced spending on items causes companies like HP, to shut down whole divisions and lay off thousands.  This malaise spreads across the nation causing untold misery.  To put it bluntly, Printing money like they did in QE1 and QE2, is akin to stealing money from each and every one of us.

• Number Five:  Currency Manipulations causes Job Losses.

The President talks a lot about how China keeps manipulating their currency to keep Chinese currency on par with U.S. currency, right at their current levels.  What he never mentions is how they manage to pull this off.  Normally when a country's exports are greater than another country, the exporting country's currency rises to reflect the stronger economic position of that country.  It's what happened to the U.S. after World War One and Two.  We continued to exports massive amounts of products to the Europeans and so our currency rose dramatically.  Later, when the Japanese started their export machine, the U.S. Dollar lost ground to the Japanese, and their products became so expensive to export, that they moved many of their manufacturing plants here, thereby providing Jobs to U.S. Workers (who were the ones buying their products anyway).  The reason this hasn't worked out with the Chinese, is because as our money flowed to the Chinese State Run companies, their government ordered those companies to buy U.S. Bonds, thereby sending the cash right back to the U.S.  This allowed them to "get rid" of their U.S. reserves, which in turn kept the Chinese Dollar from rising vs the U.S. Dollar.  The Chinese Government then turned around and issued low cost loans back to these same companies, deflating the value of their money and keeping the standard of living of the average Chinese very low.  Unlike in Japan, where the average family saw real gains in their standard of living.  The average Chinese citizen barely see's their standard of living rise.  The U.S. thereby is not only subsidizing the destruction of manufacturing jobs here in the U.S.  They're also subsidizing the destruction of any sort of advancement opportunity for the standard of living of the average Chinese citizen.

If the U.S were to stop issuing new debt, it would rob the corrupt Chinese Government's ability to continue to so easily manipulate their currency as effectively as they have.  Sure they could resort to printing even more money, but not without the risk of hyper inflation  A risk the Chinese Government would not be willing to take.  Instead they would do as Japanese companies did back when their currency began to rise, they started buying U.S. companies and investing in the U.S.  The difference is that at least the latter created jobs for U.S. Workers.

So the next time you hear the politicians talk about "Investments" or any other spending, deficit or otherwise, you'll understand that by supporting any spending whatsoever, they are killing jobs one way or another.  This is the reason why the Government MUST remain small, and must only spend where it's absolutely necessary.

Obama Still Has No Real Budget Plan

Mr. West was speaking to Laura Ingraham today about how Obama keeps giving speech after speech, yet still provides no leadership when it comes to the Budget.

Today is the one year anniversary of the so called "Summer of Recovery" and yet job growth is still anemic, there's barely any economic growth and unemployment keeps rising.

Unfortunately the President is the victim of believing in the biggest economic fallacy of all time, that you can get something for nothing.  That you can spend money without it taking away from the economy.  It's like believing you can take water out of one side of the pool and increase the level of water at the other side of the pool.  Not only does it not work, but the transfer process itself will cause "water" to be spilled along the way, becoming extremely wasteful.  In the end the water will only be lowered in the pool.  Just as in the end, all this Keynesian spending on the Economy has produced no real gains.

The worst part of the President's demagoguery is the fact that certain things he's raling against, like the Tax Breaks for Private Jets, is something that he himself signed into law!

There's something bigger here though that many feel is completely lost in all this.  While Obama complains about the Bush Tax Cuts (which he supported), and the fact that he inherited a "Mess".  Instead of reversing the direction that Bush was going on, which was the out of control spending, he instead accelerated it!  Obama increased spending by more than any president before in history.  He has the Biggest deficits in history, he's increased spending by well over 1 Trillion dollars per year, yet now, he's talking about 1 trillion in cuts over a ten year period.  Now that's Audacity!

Here's the Audio of the show.

How New Logic Sows Distrust

     We've all seen the reports, how it turns out that the supposedly 38 Billion in cuts is in all actuality only 352 Million in cuts.  When asked, they all shrug it off because as politicians, they've gotten used to using new math and new wording that is coached in political terms and quite frankly if used by any of us, would probably get us in a great deal of trouble.

     The way they see it is that they should have increased spending by an inflation adjusted 38 Billion, but instead cut the imaginary, never proposed, never passed into law, budget of 2011 by 352 Million.  To you and me, ordinary citizens, well that's a 352 Million dollar spending cut, to the politicians it's a 38 Billion dollar cut.  

     Once we find out the truth, does this lend more or less trust, not only in the Government, but also the Media itself that reports these "facts" without bothering to explain to the people what it really means.  Am I to believe that these reporters really don't know what's going on?  I'm a part time pundit and I know what's going on, these guys do this for a living!

     Now, Obama's new proposal is to "cut" 4 Trillion, not by cutting spending, but instead by cutting things like our ability to deduct the Mortgage Interest we're paying on our homes, (In other words, tax increases! - I'm sure this will do wonders for the Housing Market).  Even his plan of "cutting" 3 dollars for every 1 dollar in tax increases, doesn't quite add up, because the cuts are not really cuts, but instead the cuts are actually slowdowns in spending.  However, even with the slowdowns in spending, his budget calls for increases in Government spending from 25% of GDP today to well over 40% by 2050!  This represents another problem in the form of Hauser's Law, throughout the entire history of the IRS, the Federal Government has NEVER been able to collect more than 20.9% of GDP in Taxes!  Even when the top rates were 80%.  To top it off revenue usually averages under 19% of GDP.  Again, they don't know this stuff?    So they're lying to us, AGAIN.

     Even Ryan's Plan of "cutting" 6 Trillion, REALLY only cuts about 400 Billion the first year, by not implementing Obama Care and not renewing the failed Stimulus Plan.  Every year after that there's still growth, taking the budget from 3.5 Trillion to nearly 5 Trillion in 10 years, vs a Trillion dollars more in Obama's plan.  So where's the 6 Trillion in cuts?  It's the difference over 10 years between the Republicans Debt Ridden spending plan, vs Obama's INCREDIBLY debt ridden spending plan, NEITHER OF WHICH eliminates the deficit, though SUPPOSEDLY Ryan's plan will get us to a balanced budget in 10 years, but not before adding Trillions more to the National Debt.

     Is it any wonder that more and more Americans turn to the new Media like Glenn Beck, the Blaze, Rush and others?  How do we proceed with an "honest conversation" when the very words they use to describe what they're doing are in all actuality lies?  

     We need to demand HONESTY from our politicians and we need to stop the idiotic tendency that people have of saying that you "can't talk politics and religion" because we're afraid that someone will be offended.  What's the point of having the right to free speech if we can't and won't exercise it?  At the same time we need to grow up and stop getting angry at people because they disagree with us on one point or another.  We need to realise that everyone has a different point of view and no 2 people are EVER going to fully agree on everything.  Only once we start demanding HONEST and open dialogue with each other, will our politicians who are a reflection of us, will begin to have an honest and open dialogue with us in return.  In the meantime, when you hear that the "Republicans" want to starve people, and the "Democrats" want to bankrupt us, we need to do our own research and find out what the real truth is, because unfortunately, neither side will tell us the honest truth.

GREEN MAKE BELIEVE: VAN JONES ADMITS LEFT IS ‘PRETENDING’ NEED FOR REGULATIONS IN GREEN MOVEMENT

Are we REALLY surprised by this?


Glenn Beck's Common Sense: The Case Against an Out-of-Control Government, Inspired by Thomas Paine

It Pays to be Poor!

Someone Making Minimum Wage Has More Disposable Income Than Me – A Middle-Classer

Written by Daisy  //  November 22, 2010  //  Weeps And Glees  //  16 Comments

Interesting stuff. I read it this morning here, and the chart they provided as a visual (for people like me who avoid just numbers alone) was pretty damn telling.

A family of 4 on minimum wage now has more disposable income than a hard working American middle class family making $60,000 a year.

Zero Hedge reported, via Free Republic:

Tonight’s stunning financial piece de resistance comes from Wyatt Emerich of The Cleveland Current. In what is sure to inspire some serious ire among all those who once believed Ronald Reagan that it was the USSR that was the “Evil Empire”, Emmerich analyzes disposable income and economic benefits among several key income classes and comes to the stunning (and verifiable) conclusion that “a one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year.” And that excludes benefits from Supplemental Security Income disability checks. America is now a country which punishes those middle-class people who not only try to work hard, but avoid scamming the system. Not surprisingly, it is not only the richest and most audacious thieves that prosper – it is also the penny scammers at the very bottom of the economic ladder that rip off the middle class each and every day, courtesy of the world’s most generous entitlement system. Perhaps if Reagan were alive today, he would wish to modify the object of his once legendary remark.

And here’s the nifty little graphic that tells the story quite clearly:

The analyst in the article states that someone is pretty much better off working one week a month at minimum wage than working their ass off at a full-time $60K-a-year gig. Go figure.

And it reminds me of that chick I once saw at a grocery store in Atlanta – she had a Louis Vuitton purse full of freakin’ food stamps, which she used to pay for her groceries (shrimp was included, of course), and then got into her Mercedes and drove away.

Yep. I guess I’m the chump for working 60-hour weeks. Stupid me…

Child's Pay 2 - The Ten Trillion Dollar Sequel

Move On featured an ad a while back where they asked the question. Who will pay for Bush's One Trillion Dollar Deficit. The answer, according to their video was the Children.



Now it seems that RedState has Hijacked the Ad to ask who's going to pay for Obama's Ten Trillion Dollar Deficit!

And here's the Original Ad by Move On....

Conservatives Against Marijuana Prohibition

Why Conservatives should insist on overturning cannabis prohibition in the U.S.:

Cut wasteful spending, restore respect for law enforcement, grow a sustainable economy without large government stimulus.

Personally, I'm not a Marijuana user, though I did experiment over 20 plus years ago in my youth. I do however enjoy a nice Margarita every once in a while and really see no difference between that and occassionally "lighting one up". The preposterous laws that we have banning cannibis, hemp and Marijuana based pharmacuticals is absolutely un-American, and was born out of a campaign of fear, not facts.

Here's a few highlights of the benefits of legalizing this herb.

1) Effective Law Enforcement: Ending cannabis prohibition will drastically reduce wasteful government spending and corruption of law enforcement officers. Half of the police budget is spent on invesitigating and prosecuting non-violent drug offenders.Law enforcement funds should be used to fight real crimes like murder, robbery, sexual abuse, fraud, assault, domestic abuse, driving while intoxicated, money laundering, cyber crimes, government corruption, vandalism, arson, conspiracy against rights, and medical and legal mal-practice. In todays socio-economic upheaval we need all the resources available to suppress gang violence, prevent home invasion and protect our citizens against real threats to their safety. With the lessening of profits available in the street drug business, that will certainly come about with the end of prohibition, our inner-city youth will have more incentive to get an education and seek a ligitimate career. No more kingpins.

2) Cut Government Spending: Cap on Taxes Ending proibition of cannabis will allow the introduction of the highly prolific hemp industy in New York State, which produces the essentials of life: food, clothing and shelter, and a multi-purpose medicine, thus giving non-profit charities the key ingredients for aiding the poor and disabled citizens, and eliminating nearly all of the need for state funding for welfare, medicaid, H.U.D., and Food Stamps.

3) Freedom of Enterprise The hemp industry was a standard part of the spectrum of agricultural and manufacuring business ventures in nearly every state in the country until it's prohibition was established deceptively by the Marihuana Tax Act of 1937. Millions of Americans were in one way or another benefiting from hemp industries and were unaware that the arbitrary banning of marijuana was actually a ban on hemp. Had it been clearly explained to the public the law would likely have been opposed by an overwhelming majority. The cultivation of hemp never posed any serious threat to public safety, and in fact only threatened some newly invented pharmaceuticals.

4) Right to Bear Arms The unconstitutional prohibition of cannabis exposes free and upstanding citizens who grow the herb for personal use to felony charges which deprives them of their right to keep and bear arms and violates their right to privacy and sovereignty in the home. Let us not give the government licence to invade us.

5) Freedom of Education Choices Just as Conservatives value the right to pray in schools, the implication by police in D.A.R.E. programs, that the choice to use marijuana, as opposed to store-bought cold medicine, such as Nyquil is inherently self destructive, is not scientific and imposes a particular religious stance on our children, comparable to telling our children that God is not real. The role of public schools is to teach our children about science and generally accepted morals, not one religious stance or another. It is a family choice to teach kids our personal ideals.

6) Economic Prosperity Ending prohibition of cannabis will introduce a wide array of hemp products, grown and manufactured here in New York, including food, clothing, rope, canvas, building materials, fuel, and cosmetics. The production of so many valuable saleable items here at home will make way for many prosperous, self- sufficient economic networks. Our children won't have to wonder where they will work, because the job market will arguably be growing nearly as fast as the hemp fields. The lessening of the need for public welfare programs will free up government funds and open the opportunity to introduce sizeable tax-break incentives for new businesses. Allowing marijuana users to grow their own will allow them to save on healthcare and return their money to the mainstream economy. Let's put the criminal drug dealers out of business.

7) Medical Practice Accountability Without the restrictive control of the individual's free choice of medical treatments, the pharmaceutical companies and insurance providers will not be able to corrupt the medical establishments by encouraging certain prescriptions for the benefit of private corporate interests.

8) Freedom of Religion Many conservatives strongly believe that use of any mind-altering substance is morally damaging and should be kept from reaching our children. However, the current laws are a blatant invasion of people's rights to make their own moral judgements concerning what medicines to use, and whether or not to engage in euphoric practices. Prohibition is encouraging government to make arbitrary decisions on which freedoms to violate, depending on what party or political agenda is in control. The unavoidable truth is that not everyone's religion calls for the same guidelines, therefore we can not make state laws based on a certain group's religious convictions. That is a violation of the separation of church and state. We should follow the example of the founding fathers by opposing any infringement on rights and thereby protect our offspring from being subject to the future loss of their own freedoms. As long as your religion is not becoming an invasion of someone else's safety and well being, your religion is lawful and protected within the Constitution.

9) Right to Privacy If you allow the government to control what plants you grow on your own property even when you pose no real threat to neighbors or the community, then you are allowing government to violate your constitutional rights, committing treason against the country. If you let the government invade us because of regulations on plants, you are certainly encouraging the arbitrary invasion of whatever rights the acting regime might want to deprive us of in order to gain more control over our personal freedoms. You have a right to grow food, medicine and herbs on your own property. Prohibition of alcohol was destructive to the peace and tranquility of communities and so is prohibition of cannabis.

read more digg story

Do Your Part to Stop this MASSIVE Pork Bill

I saw this over at NoStimulus.com and thought it would be worthwhile to share it with my readers. Please make sure you click to sign the petition!!!

Fight Special Interests that Want to Take Your Money

FOX
News coverage of the first 69,000 of your petitions being delivered to the
United States Senate this past Friday [Left]. Senators Jim DeMint (SC), Jim
Inhofe (OK), Jeff Sessions (AL), Michael Enzi (WY) and David Vitter (LA)
receive the petitions on the steps of the Senate [Right]. We will be
delivering all the new petitions this week!

This Fight Is Not Over

We still have two chances to win in the House or Senate!

The Senate mustered 61 votes to squeak through the Collins/Nelson
amendment, better known as the “compromise” stimulus plan.

If you listen to the mainstream media, this means the fight is over, Nancy
Pelosi, Harry Reid, and President Obama win, and it’s time to move on. Not so
fast!

The bill will go to a conference committee to work out differences between
the House and Senate versions. The conference committee will be a brand-new
feeding frenzy of wasteful pork projects.

Whatever comes out of conference committee will be another very tough vote
in both the House and Senate.

If we keep the pressure on, we can win!

What Does the So-Called “Stimulus Package” Mean For You?

It means you pay.

You pay for more bailouts, more giveaways, more wasteful spending...and
your children and grandchildren pay for trillions of dollars of debt.

But you can fight back right now. By signing the
petition, you can join
the thousands of Americans who are saying NO!

NO to more taxpayer-funded bailouts and
giveaways to special interests!

NO to using economic hardship as an
excuse for Big Government power grabs!

NO to heaving trillions of dollars in
new debt on the backs of our children and grandchildren!

NO to this no-stimulus scam!

Follow the links on the right to contact your elected officials, learn how
you can tell your friends and family why this new scheme will hurt taxpayers,
and invest in the movement that is fighting back!

FOX
News coverage of the first 69,000 of your petitions being delivered to the
United States Senate this past Friday [Left]. Senators Jim DeMint (SC), Jim
Inhofe (OK), Jeff Sessions (AL), Michael Enzi (WY) and David Vitter (LA)
receive the petitions on the steps of the Senate [Right]. We will be
delivering all the new petitions this week!

This Fight Is Not Over

We still have two chances to win in the House or Senate!

The Senate mustered 61 votes to squeak through the Collins/Nelson
amendment, better known as the compromise stimulus plan.

If you listen to the mainstream media, this means the fight is over, Nancy
Pelosi, Harry Reid, and President Obama win, and its time to move on. Not so
fast!

The bill will go to a conference committee to work out differences between
the House and Senate versions. The conference committee will be a brand-new
feeding frenzy of wasteful pork projects.

Whatever comes out of conference committee will be another very tough vote
in both the House and Senate.

If we keep the pressure on, we can win!

What Does the So-Called Stimulus Package Mean For You?

It means you pay.

You pay for more bailouts, more giveaways, more wasteful spending...and
your children and grandchildren pay for trillions of dollars of debt.

But you can fight back right now. By signing the
petition, you can join
the thousands of Americans who are saying NO!

NO to more taxpayer-funded bailouts and
giveaways to special interests!

NO to using economic hardship as an
excuse for Big Government power grabs!

NO to heaving trillions of dollars in
new debt on the backs of our children and grandchildren!

NO to this no-stimulus scam!

Follow the links to contact your elected officials, learn how
you can tell your friends and family why this new scheme will hurt taxpayers,
and invest in the movement that is fighting back!

Does the U.S. Government Need More Taxes?

To hear Hillary Clinton and Barrack Obama speak, you would think that the Federal Government is in Dire Straights. “The Rich need to pay their fair share” and “we need to invest Oil Profits”. Last year the federal government spent almost 2.8 Trillion Dollars. That figure is a just over a 13 fold increase since 1970. What you don’t hear, is that the government has also had an almost 13 fold increase in recipients as well. Think about this for a moment, in that same time span, the median household income in the U.S. has grown at only half that rate, and while the deficit has definitely gone up, to the tune over 300 Billion a year, it’s still relatively small compared to total inflows.

The reason the Government has been able to get away with this is simple, they utilize politics of class warfare and envy. While the bottom 50% of income earners share of taxes has gone down to a historic low of less than 4% of all personal taxes collected, the wealthy in this country, or at least those in the top 50% of income earners are paying over 96% of all personal income taxes collected, with the top 1% of income earners paying almost 40% of all personal income taxes collected. To top it off, Corporate taxes in the U.S. are at an all time high of 35 to 39%, the 3rd highest in the industrialized world. Only Japan and Germany are higher, and both of those companies have record numbers of factories moving overseas, so the next time people talk about NAFTA and China taking away jobs, we here in the U.S. make it very difficult for companies to make money, and then once they do make money, they have to hand over a third of it to the government. They then wonder why the companies want to move offshore? Most other countries throughout the world tax their corporations at anywhere from 12 to 25%! Ever since Ireland had adopted a low corporate tax of just 12.5%, it has seen an economic boom that has powered it's economy twice as fast as other European nations. Obviously, going the route that Clinton and Obama are espousing would cause more companies to take Intel and Dell's lead and move more operations to Ireland and other low corporate tax nations.

The chart below shows the overall budget between 1970 to 2007, 75&76 are a bit skewed because of accounting changes, but has you can clearly see the amount of cash being collected by the government is at an all time high. According to Pig Book, 17.2 Billion of the deficit spending, was attributed to Pork Barrel spending alone, both the Senate and theHouse are guilty of indulging their constituents.

On Nov. 7^th, 2006 voters across the country signaled their disgust for the system and the status quo with a mandate for the Democrats to clean house. Unfortunately, it doesn’t seem that they’re listening. Spending between 2006 and 2007 is up by a 4%, adjusted to inflation a 1% increase, but no cuts. Considering the fact that the deficit is only 13% of the budget, a simply slowing spending to say, half of inflation coupled with eliminating Pork Barrel spending would have brought the deficit down by 8%, a few years like that and the entire deficit could be wiped out, without too much pain. The worst part is that we blew a golden opportunity between 2004 and 2007, while the economy was booming, receipts increased by an average of 11% a year, this would have been a perfect opportunity to balance the budget, but instead, spending each year, exceeded receipts. Bush, once again offered more of the same, instead of leadership on this issue, when he issues his proposed budget of 3.1 Trillion Dollars, that had 2.9 Trillion in spending.