RANT: Detroit will hurt EVERYONE

Tuesday, July 23, 2013

http://www.againstcronycapitalism.org/2013/07/guest-post-detroits-bankruptcy-will-bite-you-in-the-wallet/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+againstcronycapitalism+%28AgainstCronyCapitalism.org%29

Guest Post: Detroit’s Bankruptcy WILL Bite You In the Wallet
By Editor on July 20, 2013

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All this isn’t even taking into account the rampant corruption, bribes, and ulterior motives that every municipal government is crawling with – those are self-explanatory. Fast-forward a few decades and the politicians who planted the seeds of decay are long gone in one way or another – but now the municipality cannot afford its obligations. Losses on poorly planned projects, debt, and exorbitant employee compensation eat up most of its revenue, and it can no longer afford to provide the essential public services every resident counts on.

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See that is the essence of the problem.

Folks want “free lunch”, but there ain’t none.

Detroit is what happens when the bill comes due.

And they Sheeple and Clover there have voted Democratic for 50 years. (Not that the R’s would be MUCH better.)

Like the Delta pilots, everyone’s getting a haircut.

Unfortunately, a promise is worth what backs it up.

On Wall Street, they have a name for it — “Counterparty risk”.

Sorry to say, but you depend on Gooferment, politicians, and bureaucrats at your own peril.

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ECONOMICS: No free lunch

Monday, April 8, 2013

“Mr Stockman’s new book, The Great Deformation , highlights the enduring conservative appeal of a kind of economic primitivism that harks back to the days when laisser-faire ruled and macroeconomics had not been invented.“The modern Keynesian state is broke, paralysed and mired in empty ritual incantations about stimulating “demand”, even as it fosters a mutant crony capitalism that periodically lavishes the top one per cent with speculative windfalls,” wrote Mr Stockman in the New York Times article that set off a minor furore in Washington this week.”

http://buff.ly/16z0IF0

Seems like he has nailed it! They might not like it but it accurately describes the hole we are in. Getting out of it is going to be painful for the young, old, and not-rich. But we’ve been scammed with “free lunch”. Now there is a very ugle chicken coming home to roost!

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ECONOMICS: The “ugly chicken” of unfunded liabilities

Tuesday, April 2, 2013

http://www.survivalblog.com/2013/03/become-your-own-central-banker-by-lbg.html

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Today the U.S. has spent the nation’s blood and treasure as well as our emotional capital on the conflicts in Iraq and Afghanistan. We have become involved in Libya, Egypt, and Syria.  Potential issues with Iran and North Korea loom large. There are 47 million people on food stamps. Unreported millions are unemployed. Spending on social programs has exploded.  The housing market collapsed and has never fully recovered. The banking system is on life support. The Federal Reserve is purchasing $85 billion dollars each month (a trillion dollars a year) in U.S. Treasury issues because no one else is willing to do so.  Despite government statistics and reports Inflation has driven prices on energy, food, clothing, health insurance, and everyday items beyond reason.  Expenditures outstrip tax revenues. Government spending is out of control and we are approaching $17 trillion dollars in national debt with untold (and unfathomable) amounts in promised future benefits, entitlements, mandates, and promissory notes.  By some estimates the U.S. has 238 TRILLION DOLLARS in unfunded liabilities.  We can’t cover it. We are flat busted.  And if our leadership refuses to address and fix the problem, the rest of the world will fix it for us.

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And why are the Sheeple and Clovers happy? Dancing Idol is on TV!

Fools.

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POLITICAL: Bozell Blasts GOP Leaders In CPAC Speec

Wednesday, March 20, 2013

http://cnsnews.com/blog/craig-bannister/bozell-blasts-gop-leaders-cpac-speech-you-are-not-what-you-promised-be

Bozell Blasts GOP Leaders In CPAC Speech: ‘You Are Not What You Promised To Be’ (Conservative)
March 16, 2013

By Craig Bannister

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“You’ve done nothing for over two years but give us excuses and more commitments that tomorrow, yes tomorrow, you’ll honor your promises. Gentlemen, where promises are concerned, you are not what you promised to be.

“Do you want to restore your reputations as conservative leaders? All you need to do is honor your promises. They were good ones. Watch what happens next. You’ll be heroes.”

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Absolutely true.

We don’t need bigger Gooferment!

Balance the budget today!

Eliminate the national debt!

Kill the FED!

Honest money!

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RANT: 1M$ gooferment employee!

Wednesday, February 27, 2013

http://watchdog.org/62420/co-secret-energy-lab-spawns-million-dollar-govt-employee/

CO: Secret energy lab spawns million dollar govt employee

By Tori Richards / November 24, 2012 / Colorado Watchdog

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GOLDEN, Colo. – The federal government’s dream of a renewable energy empire hinges on a scrubby outpost here, where scientists and executives doggedly explore a

If you live outside Colorado, you probably haven’t heard of the National Renewable Energy Laboratory – NREL for short. It’s the place where solar panels, windmills and corn are deemed the energy source of the future and companies who support such endeavors are courted.

It’s also the place where highly paid staff decide how to spend hundreds of millions in taxpayer dollars.

And the public pays those decision-makers well: NREL’s top executive, Dr. Dan Arvizu, makes close to a million dollars per year. His two top lieutenants rake in more than half a million each and nine others make more than $350,000 a year.

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And no one can figure out how to cut the budget?!!!!

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MONEY: This economy, and lack of political fiscal discipline, is hardest on the poor

Sunday, February 24, 2013

http://www.csmonitor.com/Business/2013/0222/Why-is-Wal-Mart-worried-Payroll-tax-could-cut-consumer-spending.-video?nav=87-frontpage-entryLeadStory

Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video)
Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.

By Husna Haq, Correspondent / February 22, 2013

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“It’s a big deal,” says Morgan Housley, a macroeconomic analyst with Motley Fool, an online financial education website. “The biggest impact is on lower-income households since the payroll tax is regressive, only applying to the first $113,000 of income. Wealthier households don’t feel the same pinch because the tax doesn’t hit all of their income. Lower-income households also spend a larger share of their income than wealthier consumers.… Low-income families are in one of the toughest spots they’ve been in since 2009.”

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Anyone believe a less that 2% cpi?

Not me!

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Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video)Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.

By Husna Haq, Correspondent / February 22, 2013


RANT: Real Issues

Wednesday, March 14, 2012

https://www.facebook.com/note.php?note_id=10150612033023435

Let’s Talk About the Real Issues, Mr. President
by Sarah Palin on Monday, March 12, 2012 at 9:41pm

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Just off the top of my head, a few of these concerning issues include: a debt crisis that has us hurtling towards a Greek-style collapse, entitlement programs going bankrupt, a credit downgrade for the first time in our history, a government takeover of the health care industry that makes care more expensive and puts a rationing panel of faceless bureaucrats between you and your doctor (aka a “death panel”), $4 and $5 gas at the pump exacerbated by an anti-drilling agenda that rejects good paying energy sector jobs and makes us more dependent on dangerous foreign regimes, a war in Afghanistan that seems unfocused and unending, a global presidential apology tour that’s made us look feeble and ridiculous, a housing market in the tank, the longest streak of high unemployment since World War II, private-sector job creators and industry strangled by burdensome regulations and an out-of-control Obama EPA, an attack on the Constitutional protection of religious liberty, an attack on private industry in right-to-work states, crony capitalism run amok in an administration in bed with their favored cronies to the detriment of genuine free market capitalism, green energy pay-to-play kickbacks to Obama campaign donors, and a Justice Department still stonewalling on a bungled operation that armed violent Mexican drug lords and led to the deaths of hundreds of innocent people.

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Gotta like how she hits the bottom line!

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