Tag Archives: Federal Reserve

Opportunity Begins With Freedom, Not a ‘Living Wage’

Excellent article as to why with the way the Central Banking system works a minimum wage is a moot argument (E)

Thursday, April 11, 2013 by Staff Report – http://www.thedailybell.com

In favour of the living wage … In the United States and some other developed economies, wages for the least well paid are too low. A mandatory living wage is the best way to redress this injustice. The idea of minimum wages is well accepted, but the American $7.25 an hour does not meet the simple standard of providing enough to support the worker who earns it. For an adult in New York State, self-support requires 55 percent more, $11.25 an hour in a full-time job, according to The MIT Living Wage Calculator. And a just minimum should really be enough to raise a family – something closer to the $23.58 an hour required to support a single wage-earner with one child. The minimum wage is one part of the remarkably complex pay system found in all developed industrial societies. – Reuters

Dominant Social Theme: What the Western world needs is a fair minimum wage.

Free-Market Analysis: This Reuters editorial brings up two points and provides us with two separate conclusions.

Theoretically, we are much averse to the argument that government needs to provide minimum wages. But practically speaking, if government is going to provide money to impoverished people, why not print the money and give it to them directly – instead of sending the money to banking coffers?

So the confusion embodied by this article is compounded by a lack of honesty about the monetary system itself. This article wants to treat our current situation as if the West’s problem is one mainly of governmental fairness. Here’s more:

Economists often suggest that wages are determined by market forces, the supply and demand for labour, and by employers’ calculations of the value of labour. But actual wages influence both the market and the perceived value of labour. It is more accurate to include market forces and economic value somewhere in the middle of the long list of factors which contribute to the ever-shifting social agreement on pay levels.

This agreement is established in the mysterious way that all social orders are built – the powerful push, the weak resist, traditions are followed and evolve, justice is respected and flouted, market forces and economic calculations nudge. By far the most important factor in determining pay is the social judgment of value. The main reason that bankers, advertising executives and doctors are paid more than teachers, childcare workers and street cleaners is that society values the former more than the latter.

And the main reason that the minimum-wage jobs pay too little to support a family is that society has agreed that is what such labour is worth. This is an injustice, because honest labour should always be rewarded with enough to live a decent life. To be fair, the social judgment of these occupations is less harsh than the pay level suggests.

The very poorly paid usually receive welfare benefits from the government, either in cash or in the form of free or cut-price services. It is an awkward arrangement, but unavoidable in societies which have decided that pay should be determined by the job but spending power should be determined, at least in part, by needs and family situation. That division will exist as long as family breadwinners do not receive special pay status.

The macroeconomic objections to higher minimum wages deserve serious attention, but they often hide higher earners’ justified fear of losing out. After all, when those at the bottom end up with more – as they inevitably would with a higher minimum wage, even after benefit cuts – those at the top must end up with less. Doctors would still have much higher incomes than cleaners, but both the doctors’ own pay and the ratio of their pay to cleaners’ remuneration would fall. The desire to maintain consumption and social status is legitimate, but must be set against a higher virtue – solidarity. The fruits of economic success should be shared equitably. A living wage for all is a good standard of success.

You see the argument being made? It is especially clear in this last paragraph. Providing people with a living wage is a “higher virtue.”

But this article in reality has nothing to do with virtue. If it was virtuous, it would tell the truth about how money is produced in the modern era, with a touch of a button. During the height of the financial crisis, Ben Bernanke of the Federal Reserve admits to generating some US$16 trillion in short-term loans to financial enterprises – much of which reportedly was never paid back.

Such spending makes arguments like this one moot. These are 20th century arguments, in fact, based on a time when people did not fully understand the monetary system. Perhaps one could say they are arguments from the 1800s when there was a gold standard and money was truly constrained.

But today these are arguments without a purpose. Were there sufficient determination, proponents of these sorts of solutions would start to argue that central banks ought to print money and deliver it directly to people instead of banks.

Of course, most of the people making these arguments are statists with an emotional or professional stake in concealing the way money is really produced in the modern era. And they would rather write these sorts of articles, apparently, then tell the truth about money and poverty in the 21st century.

From our standpoint, an even better solution to poverty would be to shut down central banks and let Leviathan begin to starve. Without an unlimited supply of money, the US in particular would have to shutter its military-industrial complex, the vast prison gulags that dot the country and the larger regulatory state that deprives people of the opportunity to work.

There are estimates that between 50 million and 100 million in the US who want to work cannot find employment. Something has gone drastically wrong with what we call regulatory democracy;  it simply doesn’t work. It’s reached a dead end.

Agitating that this sort of dysfunctional system should prop itself up by providing tens of millions with a living wage is not a solution but a kind of bribe. The idea apparently is to pay people a bare minimum in the hopes that they don’t rise up in protest against a system that is frozen in failure.

What the West and the United States really need is a long, loud discussion about statism, the incompetence of regulation and the abysmal failure of the current money system.

Conclusion: Opportunity begins with freedom.


Hush-Hush Congressional Research Report: The Myth of Social Mobility … Not

Original article: http://www.thedailybell.com/3713/Hush-Hush-Congressional-Research-Report-The-Myth-of-Social-Mobility

Monday, March 19, 2012 – by Staff Report
Income inequality in the United States is more pronounced than in other developed countries, a new report from the Congressional Research Service finds, while the possibility of economic mobility is more constrained than commonly believed. “Based on the limited data that are comparable across nations, the U.S. income distribution appears to be among the most uneven of all major industrialized countries and the United States appears to be among the nations experiencing the greatest increases in measures of inequality.” – FAS Secrecy News Blog
 

Dominant Social Theme: In America, anyone can get rich.

Free-Market Analysis: Here’s a big myth: US social mobility is fungible and anyone can grow rich. Now a report from the Congressional Research Service has found that income inequality in the US is extreme and growing worse. Also, that where you’re born, socially speaking, is where you stay.Did you read about these findings? Didn’t think so. For one reason or another, Congress doesn’t seem inclined to make a big fuss over this information. Wonder why.Actually not. We think we know why. Congress’s approval ratings are stuck near the SINGLE DIGITS and have stayed there for years. This is because most people in the US likely see Congress as an instrument of repression and the increasingly savage status quo.There is a lot of truth to this assumption. Who at this point would want to work in Congress but a sociopath or psychopath? And there is plenty of evidence that the US Congress includes both.• In Afghanistan and Iraq, the US has been using depleted uranium weapons regularly for nearly a decade. The poisoning of these poor people has been so intense that many die of obscure cancers and mothers are routinely told not to have babies. Neither of these wars has been successful, and the depleted uranium poisoning has injured hundreds of thousands of returning US vets as well.• In the US, one third of citizens now have some exposure to the criminal justice system by the time they are in their early 20s. The US system of jurisprudence has resulted in some six million behind bars at any one time, more than half the world’s population of incarcerated individuals. The costs in damaged lives and families in tremendous. Routinely, as well, innocent people are put to death, victims of Draconian US “justice.”• The US population on food stamps has exploded, with some 50 million using food stamps now. And ALL US citizens eventually come to use some form of government assistance, especially if one includes Social Security. Medicare is another ubiquitous and badly run program encouraging citizen dependence on the government.• The Federal Reserve system, authorized and overseen by Congress, is responsible for the degradation of the US dollar by some 95-99 percent. The entire dollar reserve system is now on the verge of unraveling as the “depression” of the 2000s winds on with no real signs of abating.• The income tax system, and taxes generally, remove up to 50 percent or more of a person’s disposable income when one actually peers behind the various charges that are leveled on producers and consumers. Products are taxed all the way through the supply chain, so that the end price may reflect dozens of tax charges.This is but a tiny sampling of the kinds of results that Congress has been partially responsible for. The executive wing, of course, is equally culpable, as is the US Supreme Court. Those born in the US are subject to millions of regulations and thousands of taxes that they had no say in creating. They are saddled, as well, with the US’s “national debt.”The US has likely reached a point of no return when it comes to its regulatory, tax and monetary structure. The regulatory structure especially tends to freeze people into place from an economic and social mobility standpoint.This is, of course, exactly what the larger power elite wants. The apparent handful of dynastic families that control central banking around the world use regulation, taxes and fiat-money inflation as a way of ensuring that the billions beneath them have little hope of advancement.Yes, a tiny group of people seeks to implement world government apparently and uses various methodologies of control to shove the world and its billions in this direction. This is why societies around the world, including Western societies, are increasingly dysfunctional.This is a change from several hundred years ago when the US itself emerged as the hope of the world for social mobility. This is also why the US has been under tremendous attack from the elites for nearly its entire existence.The US “exception” shows us how a somewhat “free” society can actually work. Free banking, an economy based in part on gold and silver and a lack of formal regulation all catapulted the US into the topmost tier of the world’s wealthiest countries.But by the 20th century, the elites unceasing attacks on the libertarian positioning of the US had taken their toll. The proximate cause was the Civil War, which put the New York Banks (the European axis) in charge of the federation. From there it was just a matter of time.In the 20th century, the authoritarians struck. The silver standard, removed in the 19th century, was suddenly buttressed by the graduated income tax and the Federal Reserve. Two world wars effectively militarized the entire US, gave rise to an empire and a shadow world government managed out of the City of London with branches in Washington DC, Tel Aviv and elsewhere.The empire that the US has become is commonly seen by the bought-and-paid-for media as the apogee of sociopolitical and cultural achievement. But as we have pointed out, empire is nothing more than the last exhalation of a dying and corrupt culture.It is the time PRECEDING empire during which cultures achieve greatness, when people have social mobility and control over their own lives, inspirations and inventions. Empire is inevitably a military excrescence that takes each positive enumeration of civil society and weaponizes it.Pre-empire cultures are great places to live. But cultures that celebrate empire are miserable ones, full of hate, fear, paranoia and socio-economic and political control.The US, now in the empire phase, is failing fast. US citizens can only look back to the pre-Civil War period for a glimpse of the freedom that created a great country that spanned the world with its agricultural, cultural and mechanical gifts. The phrase “Yankee ingenuity” became a cliché for a reason.Above all, the US, “free banking” economic system based on gold and silver was the envy of the world. Though the power elite owned both gold and silver, it is evident and obvious that the elites could NOT control the US economy no matter how much gold and silver they owned.In fact, this directly rebuts Greenbackers’ contention that those who own the gold and silver will control the world even within a free-market economy. In the US, they didn’t and could not. This helps bear out the truth of Austrian economiststhat it is impossible to sustain unwanted monopolies in free market societies.They needed to use force, as they always do, to control society. First they fought the Civil War to destroy private banking and private money and to build up Wall Street and the power of the New York banks. After this in rapid succession came the graduated income tax, the Federal Reserve and various world wars.And now social mobility is all-but-frozen in the US. The power elite has been immeasurably aided in their quest to subvert the freedoms in the US by the various myths that still exist in the country regarding the way it used to operate. The article, excerpted above, makes this point as well:“Americans may be less concerned about inequality in the distribution of income at any given point in time partly because of a belief that everyone has an equal opportunity to move up the income ladder. A review of the literature suggests that Americans’ perceptions about their likelihood of changing position in the income distribution may be exaggerated,” the CRS report said.“It … appears that going from rags to riches is relatively rare; that is, where one starts in the income distribution greatly influences where one ends up.” See The U.S. Income Distribution and Mobility: Trends and International Comparisons, March 7, 2012.We have long been aware of the increasing inequities in US society and the “welfarization” of the economy that has accompanied its authoritarianism militarization and regulatory and penal deconstruction. But eventually, the new realities probably will begin to wake up more people in the US.When they do, we expect there may be considerable social trouble. People currently still anticipate the current “recession” will end. They cannot be blamed, struggling as they are, for not understanding that the power elite has apparently turned a fundamental page.The elites now seek frank world government from what we can tell and are promoting economic disaster, regional and world wars and increased authoritarianism around the world in order to realize their goals. Out of chaos … order.The problem, as we long have pointed out, is that what we call the Internet Reformation is increasingly educating and radicalizing much of the ‘Net intelligentsia. This is a critical breech in the elite’s plans.

Conclusion: The successful conclusion of the elite’s plans is by no means certain, even though they try to make it appear so. They have certainly managed to deconstruct US exceptionalism and make the lives of many a living hell. But even this can be reversed over time and we don’t count out the possibility that it shall be.

 


Financial Illiteracy of Those Who Mock Conspiracy Theorists

 Saturday, January 28, 2012 – by Anthony Wile

Anthony Wile

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From Social Psychological and Personality Science (SPPS), a journal from the independent publisher Sage Publications, comes an article that has predictably seen wide distribution on the Internet. It implies that those who believe in globalist conspiracy theories are illogical – even downright nutty.

The article is entitled  “Dead and Alive: Beliefs in Contradictory Conspiracy Theories” and the thesis of the article is that people who believe in conspiracy theories eventually become so immersed in them and so mesmerized that they do not realize they are holding contradictory beliefs.

“Conspiracy theories can form a monological belief system: A self-sustaining worldview comprised of a network of mutually supportive beliefs. The present research shows that even mutually incompatible conspiracy theories are positively correlated in endorsement.”(SPPS Abstract)

“Conspiratorialists” become so distrustful of “government” and “authority” that they will impute any and every kind of malevolence to them.

Thus it is that people can claim, on the one hand, that Osama bin Laden is “dead” and died years ago, while simultaneously claiming that bin Laden remains alive and that US and Pakistan government authorities are not being truthful about him and his physical state.

Of course, I’ve never run into anyone, who claims that bin Laden is ALIVE. But it’s true that here at the Daily Bell we’ve run articles explaining that bin Laden probably died years ago. See, for instance, “Osama bin Laden is Dead Again?

The SPPS article would likely have you believe this is an outrageous conspiracy theory. But given that FOX news ran a report on bin Laden’s death in 2001, and given that Pakistan’s former president Benazir Bhutto herself claimed that bin Laden died in the early 2000s (supposedly as the result of an assassination), it doesn’t seem so far-fetched to speculate that bin Laden didn’t die as the result of a US raid in 2011.

But that’s almost minor stuff. Articles like this, despite their scientific patina, are deeply illiterate. Why so? Because invariably such articles won’t deal with the bedrock financial illiteracy of current economic and political paradigms.

Imagine if the world were based on lies. Well, unfortunately, that’s the truth. The lies go far beyond “who shot JFK” or whether the US government was directly or indirectly involved in 9/11.

When one uses the logical framework of Austrian, free-market analysis to analyze the Way the World Works in the modern age, one inevitably comes to the conclusion that modern society is built around fundamental untruths.

The first one is economic: It is the idea that central bankers can efficiently and effectively set the price of money. They cannot.

Every time central bankers decide on how much money to print or where short interest rates should be, the decisions are “fixing” prices – and price-fixing never works. Price-fixing distorts economies and causes a wealth shift from those who create it to those who don’t and may not know what to do with it. Over time, aggressively mis-priced money causes first recessions and then depressions.

The second lie is that laws and regulations are necessary and that they can save society from “anarchy.” In fact, anarchy is only the absence of government. That’s the real definition. And absence of government does not necessarily imply “chaos.” Just as setting interest rates fixes the price of money, so every law and regulation is a price fix as well, preventing someone from doing something within the context of the marketplace. This also constitutes a wealth transfer.

One can have a perfectly adequate and satisfying society without formal government, certainly without the kinds of intrusive and murderous governments we’ve got today. History is full of examples of societies that flourished with at least minimal government, especially societies where power truly flowed from the bottom up.

The third lie is that government is essential for purposes of defense and defending its citizens. But a quick survey of modern wars shows a disturbing tendency of governments – especially certain Western governments – to foment the very wars that citizens believe they’re being protected from.

War is the “health of the state” – the way that those in power consolidate their hold while punishing their enemies using phony pretexts having to do with “treason” and “leaking classified information.” Sound familiar?

It is what we call the Internet Reformation that has gradually shed light on the fundamental untruths permeating modern society in both the developed and developing world.

The Internet, like the Gutenberg Press before it, is a revolutionary device that has allowed people access to information that was hitherto denied or covered up, especially in the 20th century when the power elite‘s control over society was perhaps at its apex.

A conspiracy likely DOES exist. The Internet easily reveals not just facts that illuminate it, but also PATTERNS that show the same command-and-control strategies implemented throughout history, over and over.

It is easy, unfortunately, to mock those who believe in so-called “conspiracy theories” because the truth of what has occurred in this weary world is so extreme and shocking that most people simply cannot believe it. What truly horrifies us becomes a target for mockery. It’s a defense mechanism.

Here’s the seeming hard truth: A tiny group of Anglosphere banking families controlling most if not all of the world’s major central banks have used the trillions to which they have access in order to foment what can be called a “New World Order.”

This tiny group of intergenerational plotters and their enablers and associates have apparently built a seamless matrix of control around the entire globe to implement their schemes. They are building world government and are putting in place its building blocks.

What is it about the UNIMFWorld BankInternational Criminal CourtWorld Health Organization and hundreds of others lesser known globalist facilities that people who deny or decry modern “conspiracy theory” don’t understand?  

An entire gamut of globalist entities has been superimposed on the world in the past 75 years. Most recently − only this past week, in fact − the US military held a formal exercise over the skies of Los Angeles using the same black helicopters that conspiracy theorists were mocked for mentioning not a decade ago.

But the biggest issue by far – bigger than even the establishment of the facilities of the New World Order – is the fundamental illiteracy of those who choose to support modern society as it is today and as it has evolved over the past 100 years.

While human societies have always been based on fairly bizarre rituals, it is safe to say that the current crop of behind-the-scenes leaders have raised statist insanity to a new level.

Every part of modern society, from its basic economic building blocks to its liturgical belief in dysfunctional “laws and regulations” to its deep-seated reverence for the manipulated destruction of war, is questionable on a factual basis.

The reality of modern society is increasingly pathological – and the ones with the pathology are those who lead the rest of us along using paradigms that are evidently and obviously dishonest and dysfunctional.

Articles that mock the looniness of “conspiratorialists” need to deal with the fundamental economic and sociopolitical dishonesty of their own assumptions. They should begin by admitting the evident and obvious logical fallacies of the “modern” society they celebrate.

I’m not holding my breath.

Anthony Wile:   View Bio 

Internet Reformation :   View Glossary Description 

Gutenberg Press :   View Glossary Description 


40 Hard Questions That The American People Should Be Asking Right Now

Repost from infowars.com: http://www.infowars.com/40-hard-questions-that-the-american-people-should-be-asking-right-now/

The Economic Collapse 
December 29, 2011

If you spend much time watching the mainstream news, then you know how incredibly vapid it can be.  It is amazing how they can spend so much time saying next to nothing.  There seems to be a huge reluctance to tackle the tough issues and the hard questions.  Perhaps I should be thankful for this, because if the mainstream media was doing their job properly, there would not be a need for the alternative media.  Once upon a time, the mainstream media had a virtual monopoly on the dissemination of news in the United States, but that has changed.  Thankfully, the Internet in the United States is free and open (at least for now) and people that are hungry for the truth can go searching for it.  Today, an increasing number of Americans want to understand why our economy is dying and why our national debt is skyrocketing.  An increasing number of Americans are deeply frustrated with what is going on in Washington D.C. and they are alarmed that we seem to get closer to becoming a totalitarian police state with each passing year.  People want real answers about our foreign policy, about our corrupt politicians, about our corrupt financial system, about our shocking moral decline and about the increasing instability that we are seeing all over the world, and they are not getting those answers from the mainstream media. If the mainstream media will not do it, then those of us in the alternative media will be glad to tackle the tough issues.  The following are 40 hard questions that the American people should be asking right now….

#1 If Iran tries to shut down the Strait of Hormuz, what will that do to the price of oil and what will that do to the global economy?

#2 If Iran tries to shut down the Strait of Hormuz, will the United States respond by launching a military strike on Iran?

#3 Why is the Federal Reserve bailing out Europe?  And why are so few members of Congress objecting to this?

#4 The U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created,  the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was created and Federal Reserve Chairman Ben Bernanke has a track record of incompetence that is absolutely mind blowing.  So what possible justification is there for allowing the Federal Reserve to continue to issue our currency and run our economy?

  • #5 Why does the euro keep dropping like a rock?  Is this a sign that Europe is heading for a major recession?

    #6 Why are European banks parkingrecord-setting amounts of cash at the European Central Bank?  Is this evidence that banks don’t want to lend to one another and that we are on the verge of a massive credit crunch?

    #7 If the European financial system is going to be just fine, then why is the UK government preparing feverishly for the collapse of the euro?

    #8 What did the head of the IMF mean when she recently said that we could soon see conditions “reminiscent of the 1930s depression“?

    #9 How in the world can Mitt Romney say with a straight face that the individual health insurance mandate that he signed into law as governor of Massachusetts was based on “conservative principles”?  Wouldn’t that make the individual mandate in Obamacare “conservative” as well?

    #10 If the one thing that almost everyone in the Republican Party seems to agree on is that Obamacare is bad, then why is the candidate that created the plan that much of Obamacare was based upon leading in so many of the polls?

    #11 What did Mitt Romney mean when he stated that he wants “to eliminate some of the differences, repeal the bad, and keep the good” in Obamacare?

    #12 If no Republican candidate is able to accumulate at least 50 percent of the delegates by the time the Republican convention rolls around, will that mean that the Republicans will have abrokered convention that will enable the Republican establishment to pick whoever they want as the nominee?

    #13 Why are middle class families being taxed into oblivion while the big oil companies receiveabout $4.4 billion in specialized tax breaks a year from the federal government?

    #14 Why have we allowed the “too big to fail” banks to become even larger?

    #15 Why has the United States had a negative trade balance every single year since 1976?

    #16 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of all jobs in the United States are manufacturing jobs.  How in the world could we allow that to happen?

    #17 If the United States has lost an average of 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001, then why don’t our politicians do something about it?

    #18 If you can believe it, more than 56,000 manufacturing facilities in the United States have permanently closed down since 2001.  So exactly what does that say about our economy?

    #19 Why was the new Martin Luther King, Jr. Memorial on the National Mall made in China?Wasn’t there anyone in America that could make it?

    #20 If low income jobs now account for 41 percent of all jobs in the United States, then how are we going to continue to have a vibrant middle class?

    #21 Why do the poor just keep getting poorer in the United States today?

    #22 How can the Obama administration be talking about an “economic recovery” when 48 percent of all Americans are either considered to be “low income” or are living in poverty?

    #23 Why has the number of new cars sold in the U.S. declined by about 50 percent since 1985?

    #24 How can we say that we have a successful national energy policy when the average American household will spend a whopping $4,155 on gasoline by the end of this year?

    #25 Why does it take gigantic mountains of money to get a college education in America today?  According to the Student Loan Debt Clock, total student loan debt in the United States will surpass the 1 trillion dollar mark in early 2012.  Isn’t there something very wrong about that?

    #26 Why do about a third of all U.S. states allow borrowers who don’t pay their bills to be put in jail?

    #27 If it costs tens of billions of dollars to take care of all of the illegal immigrants that are already in this country, why did the Obama administration go around Congress and grant “backdoor amnesty” to the vast majority of them?  Won’t that just encourage millions more to come in illegally?

    #28 Why are gun sales setting new all-time records in America right now?

    #29 Why are very elderly women being strip-searched by TSA agents at U.S. airports?  Does that really keep us any safer?

    #30 The last words of Steve Jobs were “Oh wow. Oh wow. Oh wow.“  What did he mean by that?

    #31 How in the world did scientists in Europe decide that it was a good idea for them to create a new “killer bird flu” that is very easy to pass from human to human?

    #32 If our founding fathers intended to set up a limited central government, then why does the federal government just continue to get bigger and bigger?

    #33 Are we on the verge of an absolutely devastating retirement crisis?  On January 1st, 2011 the very first of the Baby Boomers started to reach the age of 65.  Now more than 10,000 Baby Boomers will be turning 65 every single day for the next two decades.  So where in the world are we going to get all the money we need to pay them the retirement benefits that we have promised them?

    #34 If the federal government stopped all borrowing today and began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the U.S. national debt.  So does anyone out there actually still believe that the U.S. national debt will be paid off someday?

    #35 If the U.S. economy is getting better, then why are an all-time record 46 million Americans now on food stamps?

    #36 How can we say that we have the greatest economy on earth when we have a child poverty rate that is more than twice as high as France and one out of every four American children is on food stamps?

    #37 Since 1964, the reelection rate for members of the U.S. House of Representatives has never fallen below 85 percent.  So are the American people really that stupid that they would keep sending the exact same Congress critters back to Washington D.C. over and over and over?

    #38 What does it say about our society that nearly one-third of all Americans are arrested by the time they reach the age of 23?

    #39 Why do so many of our politicians think that it is a good idea to allow the U.S. military to arrest American citizens on American soil and indefinitely detain them without a trial?

    #40 A new bill being considered by the U.S. House of Representatives would give the U.S. government power to shut down any website that is determined to “engage in, enable or facilitate” copyright infringement.  Many believe that the language of the new law is so vague that it would allow the government to permanently shut down any website that even links very briefly to “infringing material”.  Prominent websites such as Facebook, Twitter and YouTube would be constantly in danger of being given a “death penalty”.  The American people need to ask their members of Congress this question: Do you plan to vote for SOPA (The Stop Online Piracy Act)?  If the answer is yes, that is a clear indication that you should never cast a single vote for that member of Congress ever again.

    So do you have answers to some of the questions posted above?

    Please feel free to leave a comment with your thoughts below….


RON PAUL ISSUES STATEMENT ON DEBT CEILING DEAL

Ron Paul at the 2007 National Right to Life Co...

Image via Wikipedia

“THIS DEAL DOES NOTHING TO SOLVE OUR SPENDING PROBLEM”

LAKE JACKSONTexas – Today, 2012 Republican presidential candidate Ron Paul issued a statement outlining his opposition to the debt ceiling deal struck between the White House and Congress. See statement below.

“While it is good to see serious debate about our debt crisis, I cannot support the reported deal on raising the nation’s debt ceiling.  I have never voted to raise the debt ceiling, and I never will.

“This deal will reportedly cut spending by only slightly over $900 billion over 10 years.  But we will have a $1.6 trillion deficit after this year alone, meaning those meager cuts will do nothing to solve our unsustainable spending problem.  In fact, this bill will never balance the budget.  Instead, it will add untold trillions of dollars to our deficit.  This also assumes the cuts are real cuts and not the same old Washington smoke and mirrors game of spending less than originally projected so you can claim the difference as a ‘cut’.”

“The plan also calls for the formation of a deficit commission, which will accomplish nothing outside of providing Congress and the White House with another way to abdicate responsibility.  In my many years of public service, there have been commissions on everything from Social Security to energy policy, yet not one solution has been produced out of these commissions.

“By denying members the ability to offer amendments and only allowing an up-or-down vote that will take place in the hectic time between Thanksgiving and Christmas, this Commission essentially disenfranchises the vast majority of members from meaningfully participating in the debate over reducing spending and balancing the budget.  Furthermore, despite the claims of the bill’s proponents, there is nothing to stop the commission from recommending tax increases.

“One of the reasons why I humbly suggest that I am the most qualified Presidential candidate is my experience to see and understand the long track record of failure, disappointments, and bad recommendations made by such commissions.  Times like these require statesmanship and steady leadership, which I and the grassroots activists who have joined my campaign believe I am uniquely qualified to provide.

“What should bother Americans most is that under cover of this debt ceiling circus, we learned from a recent GAO one-time, limited audit that the Federal Reserve secretly pumped $16 trillion into American and foreign banks over three years.  All of the Fed’s fat cat cronies were taken care of at the expense of the American public.

“To put that into perspective, our entire national debt is $14.5 trillion, and our annual deficit will be about $1.6 trillion, meaning the Federal Reserve created and appropriated more than our entire national debt to banks around the world in a few short years.  We have been fighting in Congress these past few weeks over raising our debt ceiling by $2 trillion, an amount the Fed secretly gave away to just one big bank.

“For decades, politicians have promised future restraint in exchange for hikes in the debt limit.  We are always told that we must act immediately to avoid a crisis.  But time and time again, politicians reveal themselves to be untrustworthy, and we soon find ourselves in a crisis being led by the same folks who wish only to maintain the status quo.

“I believe in the great American traditions of free markets, sound money, and personal Liberty.  But we are moving far away from what made us the greatest nation in human history. We must cut spending and balance our budget now, before it is too late.

“Let me be clear.  The cuts we must make will not be easy, and there will be difficult times in the short run.  But I have the greatest confidence that if we come together as a People, work hard, and do the right things, our country will be back on track in no time and on its way to unprecedented prosperity.  But, if we continueto print money and pyramid debt, we will destroy ourselves and lose the promise of America forever.

“These difficult times require a President willing to stand against runaway spending.  If elected, I will veto any spending bill that contributes to an unbalanced budget, and I will balance the budget in the first year of my term.  I will not allow the Federal Reserve to destroy the value of our money by shoveling dollars into the pockets of its banker friends.

“I remain committed to working on behalf of the American people to drastically reduce spending and implement fundamental changes that will reform government and restore our nation’s prosperity.”

 

 www.RonPaul2012.com

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