Apparently, a group of wealthy Americans thinks extending the so-called Bush tax cuts is a bad idea. Calling themselves, ready, “Patriotic Millionaires for Fiscal Strength,” they have written an open letter to the President pleading for tax rates to increase on January 1 for individuals earning more than one million dollars per year.
Archive for the ‘Federal Reserve’ Category
A proposal to restore liberty and free enterprise
09
Dec
The following is an overview of my presentation to both the Middlesex County Tea Party and Americans for Liberty this month. The title of my talk is “How to get from here—big government—to there—limited government.” The talk contains suggestions to end the welfare-warfare state and replace it with a constitutional republic. At the end of the talk I suggest several books and essays for the attendees so they can become better spokespersons for the freedom philosophy. I am available to give this presentation to your association, group, wedding party, etc.
Economic illiterates–Tony Fratto and Greg Valliere–defend the Fed and attack Ron Paul
03
Dec
Economic illiterates dominate financial cable news programs. These commentators reveal their ignorance about how the Federal Reserve manipulates interest rates, causes financial bubbles, and debases the currency. For starters, these lame defenders of the Fed should read Murray Rothbard’s What Has Government Done to Our Money?, The Case for a 100 Percent Gold Dollar and The Case Against the Fed. Instead of being knowledgeable about money and banking so they can inform CNBC’s viewers, they sound like high school dropouts. They spout economic nonsense that has been debunked for the past several centuries. In time, the coming price inflation will blow up in their face, and they will deserve to be never heard from again.
This is the government we have chosen
13
Nov
One of the most memorable lines in American cinema occurred on a balcony in a Havana hotel on the eve of the Cuban Revolution. On the balcony Hyman Roth, an elderly gangster, is speaking to Michael Corleone about making an “investment” in Cuba, as rebel forces are challenging the regime of Dictator Fulgencio Batista, days before Fidel Castro takes over Havana on January 1, 1959. At this meeting of several Mafia chieftains, Roth says to Michael, “This is the business (crime) we have chosen.”
Now what? A Tea Party Summit for December 15
04
Nov
The American people spoke loud and clear on Election Day—the federal government has overreached. Tea Party candidates were successful in many House races, allowing the GOP to pick up more than 60 seats, while in the battle for the Senate, Tea Party candidates lost in Nevada, Colorado and Delaware, depriving the GOP of the 51 seats needed to take over the upper chamber.
When will the U.S. dollar collapse?
28
Oct
The Federal Reserve has created more than a trillion dollars in the past few years. The last two federal budgets have had back-to-back one trillion dollar plus deficits for the first time in history. The federal government budget shows no signs of stabilizing at more than $3.5 trillion annually, let alone declining from these nose bleed levels anytime soon. Unfunded liabilities of the federal government have reached an astonishing $202 trillion, according to one recent analysis. Despite the collapse of the Soviet Union and the supposed “peace benefit,” total military spending is reaching unprecedented levels in a post Cold War era. Read the rest of this entry »
Tea Party wimps: man up
21
Oct
The New York Times’ (October 20) front-page article says it all, “As G.O.P. Seeks Spending Cuts, Details Are Scarce.” Tea Party endorsed candidates are campaigning on the “small is beautiful” theme when it comes to the size of government. Yet, virtually none of them has identified any specific reductions in federal spending, nor have they indicated which federal programs or cabinet departments they would abolish.
Ben Bernanke’s money machine is about to go into overdrive
16
Oct
On October 15th Ben Bernanke, chairman of the Federal Reserve, gave a speech at the Federal Reserve Bank of Boston outlining his views on the economy and asserted that the FED will pursue its dual mandate vigorously: maximum employment and price stability.
The BS GOP “Pledge to America” and what should replace it
25
Sep
With much fanfare including a photo op away from the nation’s capital, GOP congressional leaders rolled out their “Pledge to America,” which includes all the images (Statue of Liberty, Mount Rushmore, small businesses, town hall meetings and of course the American flag) to invoke a warm and fuzzy feeling among the electorate who appear ready to vote overwhelming for Republicans in the midterm elections.
The counter counterrevolution continues
16
Sep
The results of the GOP primaries this year reveal one indisputable fact; grassroots Republicans are angry, frustrated, and disgusted; they want to restrain the power of the federal government. We will have to wait until November 2nd to see if Democrats and Independents feel the same way as GOP activists, who have sent a clear message to the GOP establishment, enough of your rhetoric, enough of your big government policies, it’s time to restore the principles of freedom, liberty and limited government.
Obamanomics 101: I love big government, the free market, and American values
11
Sep
Last week, President Obama made a speech in Ohio about the economy. Below are excerpts from the speech and reveals what we know about seasoned politicians—they want everyone to love them except their political rivals. President Obama also demonstrates a lack of understanding of the free market, the role of government in a free society, and what caused our financial crisis.
The economy sucks: Thanks Obama and Bush, Bernanke and Greenspan and the gang of plunderers AKA as the Congress of the United States
07
Jun
If the U. S economy is recovering from the financial crash and housing bubble of the past several years, it is at best a subpar performance, given the employment data that was released last Friday. Although 431,000 new jobs were created in May, the vast majority were temporary census positions (411,000). The private sector increased the number of jobs by 41,000, and the unemployment rate declined slightly to 9.7%.
Now they’re worried about debt?
28
May
So-called Blue Dog Democrats in the House of Representatives are worried about the latest bill to increase spending and raise taxes before the May 31st deadline, when extended unemployment benefits and Cobra health insurance subsidies expire. The $146 billion spending bill may not be voted upon by today, the last working session before the end of the month, unless the House will meet on Memorial Day weekend–a highly unlikely situation even for the most committed welfare state advocates in Congress who want to spend, spend, and spend.
The financial collapse is accelerating
27
May
In an New York Times op-ed, “Easy Money, Hard Truths,” hedge fund manager David Einhorn lays out the case that we should not worry about future generations feeling the pain of a huge national debt, unfunded liabilities and a weak economy. Instead, Mr. Einhorn argues that the imbalances in our economy are going to get worse, because he observes “I don’t see the political will to steer the country away from crisis.” The most recent crisis that just passed was “fixed” by massive government “stimulus” and a heavy dose of easy money. And more easy money is on the way.
Libraries, Netflix and the collapsing public sector
03
Apr
Librarians are bemoaning the plight of their libraries because of the state’s fiscal crisis. Supposedly, the public will be shortchanged if Governor Christie’s budget cuts are implemented, even though libraries are providing great services…for free! So-called free government services is one of the most widespread myths perpetuated by not only librarians, teachers and school administrators but anyone who asserts that the government provides services for ‘free.”