GOLDBUG: The Federal Reserve allows Congress to borrow and spend!

Thursday, September 25, 2008

http://www.bobbrinker.com/

On Sunday, I heard a caller call into Bob Brinker and point out Ron Paul’s call for the end of the Federal Reserve. Bob went off the deep end on the fellow. The fellow’s point was that Ron Paul had been right on predicting the trouble coming with all these bail out issues.

Bob misstated Ron Paul’s remedy as “Abolish the Fed and return the control of money to the Congress.”

I agree that, if that was what Ron Paul advocated, it would be a terrible idea.

What Ron Paul did advocate was not that but:

http://www.lewrockwell.com/paul/paul53.html

*** begin quote ***

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

*** end quote ***

So, what Ron Paul advocated was a return to the Constitutional definition of money as gold.

But, no one follows the Constitution anymore.

Sigh!

Sorry, Bob, have to disagree with you on this one.

*** begin quote ***

I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.

*** end quote ***

The lack of any competition in the definition of “money” allows the “Sovereign” to adulterate the money supply without the bother of clipping coins, adding base metals to gold coins, or redefining the unit of account. Commodity money prevents the welfare / warfare state from writing itself a blank check. The politicians love the current system just fine. It’s the ordinary working stiff, pensioner, or other non-elite person who pays for their excess.

Wrong, Bob!

Repeal the legal tender laws and watch the free market take off as politicians have to justify the tax burden. It would be the end of their Ponzi schemes. Want to pass a perscription drug benefit, great! Where’s the money for it? Want to wage war in foreign lands, fine! Where’s the money for it?

You want accountability in Congress? Take away their “blank checkbook” given to them by the Federal Reserve!

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LIBERTY: Fiat money ALWAYS fails!

Thursday, September 25, 2008

Ron Paul Discussing his Bernanke Confrontation 9/24/2008

Like the old Fram Oil Filter commercial, pay for it now or later. Pay now is better in the long run. Don’t bail them out. “Too Big To Fail” is an illusion. Capitalism REQUIRES us to let them fail. TO teach EVERYONE a lesson!

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POLITICAL: “I vote small government. Every issue. Every time. No exceptions. No excuses.”

Thursday, September 25, 2008

Home

200809241259.jpg

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POLITICAL: 2008 Boston Tea Party

Wednesday, September 24, 2008

http://www.bostontea.us/

The Boston Tea Party supports a constitutional amendment a) repealing section 4 of the 14th amendment; b) prohibiting future indebtedness and deficit spending on the part of the federal government; and c) repudiating all federal government debt and debt service obligations accrued prior to the ratification of said amendment.

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MONEY: billions of dollars gets piled on top of the federal debt

Wednesday, September 24, 2008

http://episteme.ca/2008/09/19/im-not-an-economist-but/

I’m not an economist, but…

*** begin quote ***

I just read the info on the new US mortgage bailout.

I’m bothered.

I can’t figure out how this works. I mean, I get the idea – the federal government purchases (and later attempts to sell) “hundreds of billions of dollars” of bad paper.

But, if the paper is no good, it means there’s no resale value.

So, that hundreds of billions of dollars gets piled on top of the federal debt.

*** end quote ***

Well, I’m not an “eccky-nonny-mist” either, but … …

(1) Where does the gooferment get the authority to pick winners and losers in the marketplace?

(2) Where is the money going to come from for all this “saving”?

(3) Where is the end of the national debt raising?

(4) When did the Federal Reserve become the bankruptcy court?

Sigh!

Call me a “gold bug”, but I can’t afford any more of this type of “saving”. Not that they need my permission. They just do what they want.

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NEWJERSEY: Rampant and blatant pension padding and multiple pensions

Wednesday, September 24, 2008

>Rampant and blatant pension padding and multiple pensions

Dear Trenton Dwellers,

I can’t afford you any more. I certainly can’t afford to pay all those “pensions” you’ve been voting yourself. I’m old enough to remember the original pension debate when everyone if the state gooferment whined that the private sector got pensions and they should to. And, what a plum they got.

NOW, everyone in the private sector has a 401k.

Why not Trenton?

an over taxed voter

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TECHNOLOGY SERVICE: FACEBOOK database are often out of sync

Tuesday, September 23, 2008

Funny how you can find people by “Find Friends”, but you can’t add them to a list or suggest them to others. I suspect that the various databases in use by facebook are not updated very frequently.

Hmm, maybe an “employment opportunity” for a FOWG from the days when “directories” were differentiated from “databases”.

You also can’t get a list of your “friends”. Is that to conceal lost data?

Fascinating!

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PRODUCTIVITY: “SLUGGING”; how do we do more of it?

Tuesday, September 23, 2008

http://bentoncrane.net/2008/09/19/avego-the-new-slugging/

Avego–The New Slugging
September 19th, 2008

*** begin quote ***

I recently moved to the Washington DC area. I experimented with various different ways of commuting. I tried driving, riding the bus, and taking a train. With some help from the locals, however, I found that slugging is my ideal way to commute.

Slugging is a funny blend of carpooling and hitch-hiking. It came about over 20 years ago as a result of northern Virginia’s HOV-3 lanes. The I-95 freeway has the typical Northbound and Southbound lanes, but unlike most other freeway systems it has a third artery down the middle.

*** end quote ***

Aren’t people smart? And, without a gooferment centralize planner to ‘processize’ the process! How could that ever be?

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LIBERTY: Calling Taxachusett’s voters — CARLA HOWELL’S OP-ED

Monday, September 22, 2008

===========================================================

CARLA HOWELL’S OP-ED COLUMN FOR THE SUNDAY BOSTON GLOBE
===========================================================

Below is Carla Howell’s final draft of her Op-Ed Column for the Sunday,
September 21 edition of the Boston Globe:

Why Haven’t You Been Told These Things About Ballot Question 1?

by Carla Howell

Why are 1,350,000 Massachusetts voters already planning to vote YES on
Question 1 to end the state income tax?

First let’s look at what happens if you join those YES voters – and what
happens if you don’t.

If you vote YES, we end the state income tax, let 3.4 million workers
get back an average of $3,700 each, every year, and roll back annual
state government spending to $34.7 billion.

If you vote NO, we keep the state income tax, require those workers to
keep paying an average of $3,700 each every year, and maintain state
government spending at $47.3 billion.

Which choice, which vote is better for the 3.4 million workers and
taxpayers of Massachusetts? Let’s look at some key Massachusetts
government numbers.

The $28.2 billion “budget” figure tossed around is only part of it –
called the Statutory Budget. There are three other parts of the complete
budget: NON-Budgeted Spending, Capital Spending, and Expendable Trust
Spending(1). These four budgets come to $47.3 billion in state
government spending for this year.

Massachusetts cities and towns are spending $27+ billion(2) this year.

That totals $74.3 billion in Massachusetts government spending. Subtract
$5 billion in state funds given to cities and towns (to avoid double
counting) and subtract another $12.6 billion from the state income tax.

What’s left? $56.7 billion for city, town and state governments AFTER we
end the income tax – way more than needed to fund every essential
government service.

Government waste is one reason why so many voters already plan to vote
YES on Question 1. Last April, Fabrizio Surveys asked Massachusetts
voters this question: “How many cents out of every dollar you pay in
state taxes would you say is wasted by the state government?” Their
average estimate was “41 cents.”

Ending the income tax will cut state spending by just 27%, leaving
billions of dollars in state government waste still to cut – without
even touching the waste in local government spending.

There’s one more number that will make you feel at home if you’re
inclined to vote YES on Question 1.

45% of Massachusetts voters already plan to vote YES on Question 1 –
according to three polls, approximately the same number that polls show
will vote against Question 1. With a November 4th voter turnout of 3
million, that comes to a whopping 1,350,000 votes to end the state
income tax.

The numbers show we can easily afford to end the income tax and how many
voters want it. But it’s the benefits to the people of Massachusetts
that make a YES vote on Question 1 a real winner.

Voting YES will give back over $3,700 each, on average, to over 3,400,
000 Massachusetts workers and taxpayers. That’s a $3,700 pay hike for
each of them, not just once, but every year.

It will take $12.6 billion out of the hands of Beacon Hill politicians –
and put it back into the hands of the men and women who earned it. Every
year.

In productive, private hands this $12.6 billion a year will create
hundreds of thousands of new jobs in Massachusetts.

This tax cut will force the state legislature to streamline and cut the
waste out of the Massachusetts state budget.

It will force the state legislature to get rid of the failed, flawed
government programs that don’t work – and often make things worse.

It will make the state legislature accountable to Massachusetts workers
and taxpayers – instead of the government employees, lobbyists, and
special interests who profit from high government spending.

With less government and no income tax, Massachusetts will become a
magnet to private, productive businesses and individuals. This will
bring the state more good jobs and more good workers.

A YES vote will enable Massachusetts families to pay off their mounting
bills and debts – and save thousands of them from home foreclosures and
bankruptcy.

By making the Massachusetts total tax burden more affordable, we’ll
allow more of our young people to stay in Massachusetts near their
family, their friends, and their home.

These are the reasons why you should vote YES on Question 1 to end the
income tax. It’s not just what’s best for you. It’s what’s best for 3.4
million Massachusetts workers and taxpayers – and their families.

(1) (http://www.mass.gov/Aosc/docs/reports_audits/SBFR/2007_SBFR.pdf
Pages 308 – 312)

(2)(http://www.mass.gov/?pageID=dorterminal&L=3&L0=Home&L1=Local+Officia
ls&L2=Municipal+Data+and+Financial+Management&sid=Ador&b=terminalcontent
&f=dls_mdmstuf_aag_aagindex&csid=Ador , See Fiscal Year 2007 Schedule A,
Actual revenues/expenditures for each town. Adjust up $1.3 billion for
all towns to bring budget current.)

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LIBERTY: Abortion is a “third rail” issue; laws by the gooferment aren’t the answer!

Monday, September 22, 2008

http://ncc-1776.org/tle2008/tle485-20080921-02.html

Abortion: An Excerpt From Hope
by Aaron Zelman and L. Neil Smith
Attribute to The Libertarian Enterprise

*** begin quote ***

“Abortion,” Alex said, “will remain legal. But not one red cent of federal tax money will ever be spent on it again, and I will do my level best to persuade the authorities at the state, county, and municipal levels to follow my example. As you know, gentlemen, I can be pretty persuasive.”

*** end quote ***

A national disaster. MYOB Let folks find their own way to the truth. Certainly, the gooferment shouldn’t be involved, pay for it, or stick its nose into a very painful personal process. It appears that a “roe v wade” industry has grown up around the government paying for this. That’s a industry that has to go away. Let’s have those, that feel abortion be free to the woman, put up their bucks to pay for it. Let’s have those, that want to save every life, put up their bucks to pay for it.

It’s a moral outrage to rob either side to pay for the programs of the other side.

See that’s what politicians do: They get us arguing among ourselves by framing the question wrong. In each one of these tough issues, we should always be asking: “Why is the gooferment involved in this?”

99% of the time the answer is “It shouldn’t be!”

Argh!

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