ATTENTION REPUBLICANS: STOP MISINFORMING PEOPLE ABOUT THE BALANCED BUDGET ISSUE!

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Offline Geolibertarian

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It's bad enough we already have Democrats attempting to advance the international bankers' austerity agenda under the public relations cover of saving the Earth from "global warming."

Now we have Republicans attempting to advance the very same agenda under the public relations cover of "balancing the budget."

Whether this particular propaganda campaign succeeds in convincing most Americans to -- as Webster Tarpley puts it -- "cut their own throats" economically clearly depends on how ignorant most Americans are of the following:

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http://www.wealthmoney.org/articles/understanding-balanced-budget/

Has The Balanced Budget Been Misunderstood?

This graph shows the U.S. budget surpluses and deficits from 1954 to 1989. The recessions are numbered and plotted on the graph.

Has The Balanced Budget Been Understood?



We are told we must balance the budget. Look at the record and find out what happens when we do. Shortly after each balanced budget we had a recession. Check the record. Notice the many years between numbers two and four. No surpluses and no recessions until the surplus in 1969. By December, 1969 number three started. No one has dared to balance the budget since.

The large deficit in 71 and 72 got the economy going again. The deficit was reduced in 73 but before the budget could be balanced, number four started November 1, 1973. The pattern was repeated with numbers five and six.

We had number four when the deficit was reduced to about $5 billion, number five at about $40 billion, and number six at about $70 billion. Recessions five and six were so close, because the deficit in 81 was too small to keep the recovery going. Just look at the huge deficits required to end number six.

Since 1985, many items have been taken 'Off Budget' to hide the true size of the deficit.

Note the large reduction from 86 to 87. Could this be the reason for the October 1987 market crash? Economists predicted a depression within six months. Why were they wrong? The 88 and 89 debt increase figures tell us the answer.

The government borrowed enough to stimulate the economy out of the predicted depression.

Since 1792, our monetary system has been switched from a wealth based monetary system to a monetized debt-based monetary system. Under constitutional principles, our money was to be a representation of wealth and spent or traded into circulation.

Now our monetary system is based on debt. Every form of money now in circulation was put into circulation as a loan or as a debt to someone. When interest is charged on the loans it means that the debt is always greater than the money supply. In order for the economy to function there must be an ever expanding debt. Is this fiscal responsibility?

If the debt is not continually growing there is a money shortage. That is the reason that each time there is a reduction in the deficit a recession follows. A money shortage is what causes recessions. The media doesn’t tell you this. Why not?

[Continued...]

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Now, does that mean we should impose no limits at all on runaway deficit spending? Of course not. It simply means we should not err so far in the opposite direction that it causes more problems than it solves.

The only way to truly solve this debt-caused fiscal crisis is to implement the monetary reform measures called for here.

In the mean time, however, if the short-term goal is to reduce deficit spending to a more manageable level, then instead of cutting the social safety net at the very time it's needed most -- as corporate-whore Republicans would have us do under the euphemistic guise of "fiscal responsibility" -- we should simply force Congress to (a) stop the wars, and (b) stop "bailing out" derivatives-infected mega-banks.

Those two measures alone would practically eliminate the deficit.

But so-called "conservatives" would rather focus on cutting such things as unemployment benefits and food stamp outlays instead!  ::)
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
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Offline freedom_commonsense

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Exactly the same thing the "Conservatives" here in the United Kingdom are doing. Although the war spending is a lot lower (cutting corporate welfare would do the trick though).

Offline Geolibertarian

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If anyone's wondering what compelled me to create this thread in the first place, it was news reports such as the following:

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http://www.foxnews.com/politics/2011/01/02/tea-party-republicans-vow-attack-deficit-spending-session/

Tea Party Republicans Vow to Attack Deficit Spending 'Once and for All' in Next Session

FoxNews.com
January 02, 2011

Republicans elected to Congress with the help of Tea Party support pledged Sunday to devote themselves to balancing the budget over all else when they start their new jobs on Wednesday.

In the lead-up to the next session, Tea Party freshmen and activists have expressed disappointment at the legislation passed by Congress in the waning days of the post-election lame-duck session. The bipartisan package to extend the Bush-era tax cuts was seen by some conservatives as a flawed deal that failed to bury the estate tax and make permanent the income tax rates of the past decade. At the same time, critics assailed the package for containing billions in new deficit spending.

Tea Party candidates said Sunday they hope to change the culture of spending in Washington as they prepare to get sworn in this week. They said Social Security, Medicare, Medicaid, earmarks and other items will all be on the table for serious reform.

[Continued...]

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"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Online worcesteradam

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its a ponzi scheme economy - debt is one part of its artifical nature.
Yes spending on the credit card makes people richer and yes removing the credit card leads to a personal recession.
balanced budgets will lead to recession

its popping a bubble before it bursts on its own
"I will never apologize for the United States — I don't care what the facts are." - George Bush

Offline Geolibertarian

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balanced budgets will lead to recession

News flash: we're already in a recession (to put it mildly). So it will lead to far worse than that.

Quote
its popping a bubble before it bursts on its own

No, it's popping a bubble before a critical mass of people awaken to the fact that -- contrary to Austrian School dogma -- it is not necessary to burn down the house (metaphorically speaking) to roast the pig:

       http://forum.prisonplanet.com/index.php?topic=197548.0
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Online worcesteradam

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governments should spend money they collect in taxes, nothing more
"I will never apologize for the United States — I don't care what the facts are." - George Bush

Offline Geolibertarian

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governments should spend money they collect in taxes, nothing more

Parroting right-wing talking points at me doesn't change the fact that, under the current debt-based system, deficit spending is the only thing that keeps the economy from completely collapsing under the weight of countless billions in unpayable interest debt.

Thus, balancing the budget without first implementing the monetary reform measures called for here is a false solution to say the very least. In view of the genocidal austerity this would bring, it is in fact an obvious case of the "cure" being far worse than the "disease."

As Henry George put it:

    "All such remedies begin at the wrong end. They are like putting on brake and bit to hold in quietness horses that are being lashed into frenzy; they are like trying to stop a locomotive by holding its wheels instead of shutting off steam; like attempting to cure smallpox by driving back its pustules."
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Online worcesteradam

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that may be true
"I will never apologize for the United States — I don't care what the facts are." - George Bush

Offline Geolibertarian

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http://www.infowars.com/rand-paul-worries-gop-isnt-brave-enough-to-balance-budget/

In view of the above article I thought I'd bump this thread.
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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“What’s the problem [for] the U.S. ruling elite?....Their basic problem is that the foreclosures, the unemployment, the arrogance of Wall Street -- their thievery -- generates tremendous resentment. So what do you do? You’ve got to channel that rage of the masses against the masses themselves. In other words, you’ve got to dupe people into wanting to cut their own throats. And without Obama you couldn’t do it. If Obama or the Democrats had taken the lead of an anti-Wall Street pitchfork brigade, they could have channeled mass rage where it belonged: against the people that actually created the derivatives panic -- that would be Diamond, Pandit, Blankfein, Mack, Lewis…and these characters. As Obama said to them: ‘I’m the only one between the pitchforks and you.’ Well, that means Obama is getting skewered by the pitchforks. All the progressive causes are skewered by the pitchforks, and a lot of decent candidates are getting swept away, and you’ve got the Tea Party fanatics coming in. Now, what’s their program? Their program is the program of the most aggressive wing -- the most reactionary wing -- of finance capital. That is: to destroy entitlements; to destroy Social Security, Medicare, Medicaid, child labor laws, minimum wage, food stamps -- you name it, they’re against it. They want the law of the jungle, the full fury of the depression visited on the naked flesh of the American people -- that’s the Tea Party as it is right now. So you’ve got to essentially use social demagogy of the Tea Party types to make the American people cut their own throats. It’s not going to be that easy, with 44% of housholds benefiting from Social Security, Medicare or Medicaid, but they are going to try it. And the main question is, How soon can you dump Obama? Because as long as Obama is there, this demagogy will work. It will tend to be more and more effective.”

-- Webster Tarpley, World Crisis Radio broadcast, 9/18/2010, 1st hour

It appears a highly esteemed Republican has managed to wrap austerity fascism in the flag of "liberty":

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http://www.prisonplanet.com/rand-paul-cpac-speech-calls-for-cuts-from-entitlements-defense-spending.html

Rand Paul CPAC Speech: Calls For Cuts From Entitlements, Defense Spending

Huffington Post
Feb 12, 2011

Freshman Sen. Rand Paul (R-Ky.) went against the grain in his speech at CPAC Thursday, slamming the GOP for pursuing budget cuts he deemed insignificant and arguing for much more more aggressive action — slashing entitlement and defense spending.

       http://www.youtube.com/watch?v=WwnDdEm3xRg

Full article here

-----------------------------
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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http://www.prisonplanet.com/engineered-economic-collapse-approaching-budget-cuts-will-only-accelerate-the-inevitable.html

Engineered Economic Collapse Approaching; Budget Cuts Will Only Accelerate the Inevitable

Eric Blair
Prisonplanet.com
Feb 14, 2011

Ron Paul constantly reminds us that money is created out of thin air, which is to say it’s an illusion. Therefore, the debt must be an illusion too, correct? Yet, fiscal conservatives still use the debt as a tool of fear to make budget cuts that they selectively deem expendable.

Sure, they may think these cuts make them look “responsible,” but ultimately it is still collectivism — just more on their terms. Make no mistake; budget cuts in our corrupt system are just another form of wealth redistribution. After all, that money is being eliminated to pay off the debt, right? Thus, that money is removed from programs that employ people to pay off the issuers of credit (banks).

Additionally, the costs of the national debt, bank bailouts, war costs, and unfunded liabilities are fundamentally impossible to pay off. So, the notion that cutting a “historical” $100 billion [.pdf] will have any positive affect on the long-term economy is absolute fiction. And although many conservative lawmakers feel like it’s the right thing to do, they know it will have no measurable affect on the debt. It’s a scam, and if the history of modern lawmaking is any indicator, the establishment will surely stick it to the poor and middle classes with these cuts while the oligarchs continue to flourish.

Don’t get me wrong; I am in full agreement with the philosophy of less government across the board. The fact that taxpayer funded subsidies, earmarks, foreign aid, and most domestic spending warps the free market is undeniable. In turn, this collectivized system has become so entrenched that determining genuine price discovery of anything is nearly impossible. This lack of price discovery deters private investment into the economy, which leaves the state as the primary economic driver.

When an economy is fundamentally bankrupt and no longer has a competitive productive capacity, government spending is the only thing propping up the economy. However doomed the system may be, government spending does indeed represent jobs. For example, even the flabby-assed NSA peon who is monitoring Internet activists all day still eats lunch, gets his lawn mowed, paints his house, raises a family, etc. In other words, his needless job creates other jobs and supports other economic activity in the matrix. So, if you cut his position, which I fully support doing, you bring economic hardship on him and the countless people his income contributes to. This is simply a fact, and if the lost job isn’t replaced in the private sector the economy will further contract.

Therefore, sadly, the debate about what to cut and what not to cut doesn’t really matter. The controlled demolition of the economy will persist. Since the U.S. is undoubtedly facing economic decline, and perhaps even a dramatic collapse, the private sector is unlikely to pick up the slack created by any public spending cuts. And if there is one steadfast indicator, or instigator, of all recessions and depressions, it’s that the available money supply in the economy shrinks.

Yes, despite the cranked-up printing presses at the Fed, the real money supply in America is shrinking to levels not seen since the Great Depression, leading some conservatives to call it “frightening.” And it will continue to shrink even more with these proposed budget cuts.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Obama to Propose More than $1 Trillion in Deficit Reduction
« Reply #11 on: February 14, 2011, 03:16:35 pm »
http://www.globalresearch.ca/obama-to-propose-more-than-1-trillion-in-deficit-reduction/23214

Obama to Propose More than $1 Trillion in Deficit Reduction

by Patrick Martin
Global Research
February 14, 2011

The Obama administration will release a federal budget today for the fiscal year beginning October 1 that cuts the total federal deficit by as much as $1.1 trillion over the next decade, two thirds of it through cuts in domestic spending, according to press reports over the weekend.

Among the social programs to be gutted are Pell Grants for working-class college students and the LIHEAP program, which provides heating assistance for low-income families and the elderly. (See “Obama to slash home heating assistance for low-income families and seniors”.)

According to the Associated Press, “An administration official says President Barack Obama is proposing to cut $100 billion over a decade from the Pell Grant program through belt-tightening, but use the savings to keep the maximum college financial aid award at $5,550.”

No details were provided, but apparently the plan is to reduce the number of recipients of Pell Grants in order to avoiding reducing the dollar amount of the individual awards. The result will be tens of thousands fewer students from low-income families receiving a college education.

The New York Times reported, “Two-thirds of the reductions that Mr. Obama will claim are from cuts in domestic spending programs, including many he has supported in the past.”

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Obama Pencils In $37 Billion Budget Increase For DHS, Naked Body Scanners
« Reply #12 on: February 14, 2011, 03:31:41 pm »
http://www.infowars.com/obama-pencils-in-37-billion-budget-increase-for-dhs-naked-body-scanners/

Obama Pencils In $37 Billion Budget Increase For DHS, Naked Body Scanners

Steve Watson
Infowars.com
February 14, 2011



The Obama administration is to propose a $37 billion increase in federal spending for the Department of Homeland Security, earmarking funds for more radiation firing naked body scanners in airports around the country.

The DHS’ budget will grow by almost 3 percent over the 2011 budget level, as Reuters reports, while the overall national security budget will increase by almost 2 percent.

The 2012 budget proposal requests $43.8 billion for homeland security across the entire federal government, excluding the Defense Department, up $800 million from 2011.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Slashing home heating assistance for low-income families and seniors while simultaneously increasing the police state budget?

How is this twisted prioritization of budgetary expenditures any different in principle from what corporate-whore Republicans are advocating?

Will slogan-parroting, flag-waving "conservatives" ever awaken to the fact that Obama is a flaming fascist just like Bush was?

      

Or will they keep right on mindlessly giving him "left cover" by accusing him of being a "socialist" who wants to "redistribute wealth" to the undeserving poor?
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline DireWolf

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They can't help it they don't know any better themselves. An as for those that do....

 You can't stand for truth if you are being blackmailed. ( some exceptions of course )
Freedom and Liberty, or slavery and death, your choice, choose wisely.

Offline birther truther tenther

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AHEM!

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BUMP

We need a Bank of Arizona to fix the budget crisis in my state.

Offline Geolibertarian

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House FY11 Budget Bill Slashes and Burns Federal Housing Safety Net
« Reply #16 on: February 21, 2011, 11:19:32 am »
http://www.nlihc.org/detail/article.cfm?article_id=7680&id=48

House FY11 Budget Bill Slashes and Burns Federal Housing Safety Net

National Low Income Housing Coalition
February 14, 2011

The House of Representatives is expected to vote on its FY11 spending bill, H.R. 1, this week. The bill would cause devastating reductions to non-defense discretionary programs and cut more than $5.7 billion from HUD programs compared to the FY10-enacted level of about $43.5 billion. In addition, the bill would make more than $394 million in rescissions from unobligated balances in HUD programs.

The vote on these proposed cuts comes just two weeks after the release of HUD’s report to Congress, Worst Case Needs 2009, which shows an historic increase in the number of families most susceptible to becoming homeless.

“Passage of this bill would mean grave consequences for the most vulnerable people in our communities. It is clear that House Republicans have willfully ignored the needs of their constituents with this legislation,” said Sheila Crowley, President and CEO of the National Low Income Housing Coalition. “How will communities take care of the housing needs of their disabled residents when more than two thirds of the funding to do so disappears? How will public housing agencies provide safe, decent homes for the lowest income families when their funds are cut more than 40%? House Republicans give us no answers, just more brutal cuts.”

Advocates’ outrage is fueled by the depth of the proposed cuts. The public housing capital fund would receive a devastating reduction. H.R. 1 would cut this fund by $1.072 billion, or more than 40%. This massive cut affects those who are the most vulnerable in American society: The average national annual income for a public housing household is $13,400; more than half of public housing families are elderly, disabled or both; and more than 40% of public housing households include children.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Re: House FY11 Budget Bill Slashes and Burns Federal Housing Safety Net
« Reply #17 on: February 21, 2011, 11:30:04 am »
http://www.nlihc.org/detail/article.cfm?article_id=7680&id=48

“Passage of this bill would mean grave consequences for the most vulnerable people in our communities. It is clear that House Republicans have willfully ignored the needs of their constituents with this legislation,” said Sheila Crowley, President and CEO of the National Low Income Housing Coalition. “How will communities take care of the housing needs of their disabled residents when more than two thirds of the funding to do so disappears? How will public housing agencies provide safe, decent homes for the lowest income families when their funds are cut more than 40%? House Republicans give us no answers, just more brutal cuts.”

Once again, Tarpley was right:

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"What came after that [Obama's State of the Union address], of course, was Congressman Ryan of Wisconsin.... And Ryran -- what is his method? Notice: Republicans never want to talk about specifics, because specifics is how they're going to flay you alive. They want to pontificate and parade their principles. They want to rant about their superior principles of limited government and individual responsibility and all these other empty slogans. 'Rugged individualism' -- that was the watch-word of Hoobert Hoover, and with that he essentially precided over the destruction of the U.S. economy. Therefore Ryan's task was to pay tribute to these Republican reactionary platitudes, but without telling you how he's actually going to flay you alive. Now, his program is he wants to privatize Social Security; instead of Medicare, you're going to get a coupon which will, of course, be worth less and less, because as you get older -- by the time you get into your 90s -- the coupon they give you is not going to come near paying what you need in order to get medical insurance at such an age. So Ryan has to hide all these things. Ryan's plan comes down to genocide against older Americans. That would be the net effect of it: that many more would die, as they did die before Medicare was implemented."

-- Webster Tarpley, World Crisis Radio broadcast, 1/29/11, 2nd hour

---------------------------
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline freedom_commonsense

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The British government started introducing a "universal credit":

http://www.guardian.co.uk/society/2010/oct/01/benefits-universal-credit-scheme

The problem is it's still based on the assumption that the current tax\regulatory system works, that there are jobs to go to, and has no guarantee that employers won't start lowering wages to take advantage.

Offline Geolibertarian

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The "Security" Budget vs. the Necessities of Americans
« Reply #19 on: February 22, 2011, 02:47:05 pm »
http://www.globalresearch.ca/the-security-budget-vs-the-necessities-of-americans/23323

The Security Budget vs. the Necessities of Americans.
How does military spending impact Americans?

by Kevin Zeese



Global Research
February 22, 2011

President Obama and the Congress have taken 66% of discretionary spending in the federal budget off the table – the Security Budget – while proposing a freeze to the rest of the budget and deep cuts to some programs that provide necessities for the American people. His budget crystalizes a choice that U.S. presidents have been making since President Eisenhower warned of the military-industrial complex – investment in the military vs. investment in the civilian economy.

The bloated and sacrosanct security budget – the military, domestic security and intelligence budgets – all saw rapid growth under President Bush when the DoD doubled its budget. Under President Obama the trend has continued with record military, intelligence and domestic security budgets.

And, while the so-called recovery has only been a recovery for Wall Street and big business, the administration and congress are focused more on the deficit then on re-starting the economy for the rest of us. But there is more talk of cutting Social Security and Medicare than cutting the security budget. In fact, these two items are called entitlements because they are a contract with working Americans who pay for them in every paycheck. For this reason they should not even be considered part of the deficit. Payroll taxes fund these two programs that are essential for older Americans in their retirement years. Both face budget challenges but can be fixed, indeed Social Security has more than $2.5 trillion in Treasury Notes in reserve.

President Obama has proposed the largest DoD budget since World War II, $553 billion (not including war funding and nuclear weapons funding in the Department of Energy). Much attention has been shined on Secretary of Defense Gates’ proposal to “cut” $78 billion in the Pentagon budget. Those “cuts” take place over five years with reductions taking place after the 2012 election in 2014 and 2015. And, the “cuts” do not include the cost of wars. The Afghanistan war alone could eat up projected “savings” and if the CIA’s war in Pakistan escalates that will be an even bigger budget item. Further, we have not seen what the continuing U.S. military footprint in Iraq will cost. These projected cuts are more image than reality.

How does military spending impact Americans? President Reagan’s former assistant secretary of defense Lawrence Korb describes the military budget as “an annual tax of more than $7,000 on every household in the country.” While increasing the security budget, Obama and the Democrats have proposed widespread cuts to critical programs from a 50% cut in low-income heating assistance to nearly a 30% cut to the clean drinking water fund. They have also proposed a 25% cut ($1.3 billion) to the community development block grants used to fund local community development including affordable housing, anti-poverty programs, and infrastructure development. These are essential services needed for Americans health, safety and economic security. Of course, Republican cuts in the House budget are even more extreme but Obama set the table for them by making the debate about deficits and both parties will not touch the security budget. Military analyst, William Hartung, writes “These cuts will be painful, and they will be felt in every middle- and lower-income household in America.”

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Thus, balancing the budget without first implementing the monetary reform measures called for here is a false solution to say the very least. In view of the genocidal austerity this would bring, it is in fact an obvious case of the "cure" being far worse than the "disease."

As Henry George put it:

    "All such remedies begin at the wrong end. They are like putting on brake and bit to hold in quietness horses that are being lashed into frenzy; they are like trying to stop a locomotive by holding its wheels instead of shutting off steam; like attempting to cure smallpox by driving back its pustules."

http://thehill.com/blogs/on-the-money/budget/145761-cornyn-presses-for-balanced-budget-amendment

Cornyn presses for balanced-budget amendment

By Vicki Needham
TheHill.com
02/23/11

Republican Sen. John Cornyn (Texas) urged legislators in his state on Wednesday to press Congress to approve a balanced-budget amendment.

Cornyn, who has introduced legislation that calls for a balanced-budget amendment to the Constitution, applauded his state's leaders who have suggested holding a constitutional convention to begin the process.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Texas Senate calls for balanced budget amendment in U.S. Constitution
« Reply #21 on: February 24, 2011, 07:23:28 pm »
http://www.dallasnews.com/news/politics/texas-legislature/headlines/20110223-texas-senate-calls-for-balanced-budget-amendment-in-u.s.-constitution.ece

Texas Senate calls for balanced budget amendment in U.S. Constitution

By TERRENCE STUTZ
The Dallas Morning News
Feb. 23, 2011

AUSTIN — The Senate, taking a break from Texas’ own budget problems, Wednesday passed a joint resolution calling on Congress to stop deficit spending and approve a new amendment to the U.S. Constitution requiring a balanced federal budget.

Under the resolution, approved 24-7, Congress will first be asked, and then if nothing happens, the Senate wants a constitutional convention to be called solely to pass a balanced budget amendment.

Two-thirds of the states — at least 34 — would have to agree before a constitutional convention could be convened. There has never been a constitutional convention called by the states, though many — including Texas — have petitioned for one.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Rebelitarian

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We need to establish a new national government, dissolve the old, then charter a bank to issue debt free money.

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Senate panel OKs resolution calling for federal balanced budget amendment
« Reply #23 on: February 26, 2011, 10:12:02 am »
http://www.deseretnews.com/article/705367367/Senate-panel-OKs-resolution-calling-for-federal-balanced-budget-amendment.html

Senate panel OKs resolution calling for federal balanced budget amendment

by Dennis Romboy
Deseret News
Feb. 24, 2011

SALT LAKE CITY — A Utah resolution calling for a federal balanced budget amendment won favor from a Senate committee Thursday.

HCR3, sponsored by Rep. Carl Wimmer, R-Herriman, supports efforts by Sens. Mike Lee and Orrin Hatch, both R-Utah, to draft a balanced budget amendment.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Government Promises to Cut Social Security
« Reply #24 on: February 26, 2011, 10:34:13 am »
http://www.infowars.com/government-promises-to-cut-social-security/

Government Promises to Cut Social Security

Infowars.com
February 26, 2011

It’s official, national austerity measures are here!  As Wisconsin protesters fill the streets because of lost rights and benefits to workers, the nation is gearing up to face similar losses with social security being cut.  Comedian George Carlin warned us that this day would come (note video contains obscene language):

     http://www.youtube.com/watch?v=hYIC0eZYEtI (George Carlin - "Who Really Controls America")

The debate has moved from whether or not to cut social security, to how many cuts, how much, and when they’ll start.  Threatened with the prospect of a government shutdown, Democrats are pushing for compromise by agreeing to cut social security to avert a manufactured “shutdown” disaster.

For years the government has had no problem raiding the surplus in the social security fund to pay for wars, bank bailouts, General Motors, and a slew of other unfunded giveaways.  Yet, now, as they claim bankruptcy, they seek to take even more from the program.

The federal government DOES NOT fund Social Security! Social Security funds the federal government.

Since the Johnson Administration of the ’60s, the S.S. fund has been plundered and the surplus from the fund used to finance wars and the daily operations of the federal government. This came as a result of Johnson declaring that these surplus funds would be added to the general fund. Once there, the funds could be used for anything and everything.


Now, seniors and future generations that had nothing to do with creating the national debt and massive shortfalls in social security are going to pay the price. Seniors have already had cost of living increases to their SS checks frozen for the last two years. This has been especially painful given the double-digit inflation to necessary goods like food and energy, and services like healthcare.

It seems the government is going to take and take until the people push back and say that enough is enough. Again, the people are not at fault and yet they are being treated like tax slaves to bailout the slave masters. It doesn’t matter whether you believe in cutting entitlement programs or not. The overall equation for the average citizen has tipped so far in the favor of the elites who orchestrated this mess, that it’s time to draw the line in the sand.

The perceived debt problems will not be solved by cutting social security while the wars continue and the banks get a blank check from the taxpayer. If we aren’t ready to fight for their deserved benefits now, then we may deserve the absolute looting that is occurring.

This post first appeared on the Activist Post website.
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline JT Coyoté

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Welcome to the freedom.

Wealthy-noble laissez-faire corporate-bailout monopoly caviar-socialism for the exempt and subsidized coddled-rich and cutthroat greedy "capitalist rights" to gouge and "compete" like rats for the crumbs, for the poor.

Yachts don't fit in pawnshop doors.

Yeah, but look at the fiat worthlessness the pawnshop "Pawn Stars" will give in return.

We know the hierarchy... John Coleman laid out the essence of this multi-generational power conspiracy in his book Conspirator's Hierarchy. Yet they chum up to us in the media like they are our next door neighbor, (who most of us don't even know)... like they are our best friend... they are not... and everything they say is engineered to lead us away from the truth.

It is estimated that there are less than 6,000 of "them," they who are "in the know"... 300 families and their minions found in all areas of economic, political, "entertainment," and religious life. All are funded from the top... and no matter how hard you try you can never be one of them... EVER!

Like in the anecdotal conversation between F. Scott Fitzgerald and Ernest Hemingway...

F. Scott:  You understand that the super-rich, the elite... they are different from us.

Hemingway:  Yeah, they have more money.

F. Scott:  No, it is so much deeper than that, it is a whole different world to be a oligarch, a Rockefeller... indeed, a completely different world view where values, normal human values, are reversed.


All of these bailouts and compensatory pension program cuts in the name of placating the bankers, go completely against the grain of normal human values.

JTCoyoté

"The money power preys upon of the nation in
times of peace and conspires against it in times
of adversity. It is more despotic than monarchy,
more insolent than autocracy, more selfish than
bureaucracy."
~Abraham Lincoln

Offline Geolibertarian

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Lee: No Debt Ceiling Hike Without a Balanced Budget
« Reply #26 on: February 28, 2011, 10:53:38 am »
http://www.nationaljournal.com/budget/lee-no-debt-ceiling-hike-without-a-balanced-budget-20110228

Lee: No Debt Ceiling Hike Without a Balanced Budget
His bill would cap spending at 18 percent of GDP

By Katy O'Donnell
NationalJournal
February 28, 2011

Sen. Mike Lee, R-Utah, repeated Monday his plans to block raising the federal debt ceiling until a balanced budget amendment is brought to a vote. An amendment Lee coauthored with Sen. Jon Kyl, R-Ariz., would require Congress to balance the budget each year and keep spending at 18 percent of GDP.

“It’s unsustainable, and it’s also way out of whack with what the practice has been over the last 40 years, which puts us between 18 and 19 percent of GDP,” Lee said on Fox & Friends. “We need a federal government that’s not so big and so expensive.”

Spending as a share of GDP was 23.8 percent in 2010, and the Congressional Budget Office predicts it will be 24.7 percent in 2011.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Amos

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it seems good to stop spending more money than they have, but without the getting rid of the Federal Reserve it is all smoke and mirrors.

Offline Geolibertarian

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it seems good to stop spending more money than they have, but without the getting rid of the Federal Reserve it is all smoke and mirrors.

More accurately, without replacing the current debt-based money system with a debt-free money system, it's all smoke and mirrors.

Power abhors a vacuum, so if all we do is "end" the Fed, an even worse system will quickly take its place.

Unfortunately, it appears an alarming number of well-meaning patriots have become so emotionally wedded to the "end the Fed" mantra of the let-everything-collapse Austrian School, that they're literally hell-bent on finding this out the hard way.
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Online worcesteradam

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Compared to most of the world Americas have a very high standard of living
This is artificial, a result of goods manufactured abroad, huge government and consumer debt and a baby boomer workforce which hasn't retired yet.
How is it possible to maintain this standard of living for much longer. Why is it justified if so much of the world is poor. When globalists talk about wealth redistribution, they mean from the rich countries to the poor, not themselves to the unions.
"I will never apologize for the United States — I don't care what the facts are." - George Bush

Offline Geolibertarian

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Lee attempts to get preliminary vote on balanced budget
« Reply #30 on: February 28, 2011, 07:47:10 pm »
http://www.sltrib.com/sltrib/home/51332670-76/amendment-balanced-budget-lee.html.csp

Lee attempts to get preliminary vote on balanced budget

By Thomas Burr
The Salt Lake Tribune
Feb. 28, 2011

Washington - Sen. Mike Lee wants to get the Senate on the record supporting an amendment to the Constitution that would require Congress to pass balanced budgets.

Monday, he found his vehicle, a completely unrelated patent reform bill the Senate is taking up this week. Using a procedural tactic, Lee attempted to force the body to vote on whether it wants to someday pass some kind of balanced budget amendment.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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The Economic Crisis and the Pentagon`s Black Budget
« Reply #31 on: March 01, 2011, 10:19:11 am »
http://www.globalresearch.ca/the-economic-crisis-and-the-pentagon-s-black-budget/23422

The Economic Crisis and the Pentagon`s Black Budget
Excerpt from, ``The Global Economic Crisis: The Great Depression of the XXI Century``

By Tom Burghardt
Global Research
February 28, 2011

The following is an excerpt of a chapter by Tom Burghardt from the new book by Global Research Publishers, “The Global Economic Crisis: The Great Depression of the XXI Century."



As the global economic crisis deepens, ongoing efforts by the defense and security establishment to shore-up the empire’s crumbling edifice consumes an ever-greater proportion of America’s national budget, as much as 36 percent according to some estimates.

For all the sound and fury and promises of "change", the Obama administration has been a boon for defense corporations. Defense appropriations for 2010 are of the order of 700 billion dollars.

Continuing along the dark path marked out by his predecessors in the Oval Office, President Barack Obama’s Defense and Intelligence budget will greatly expand the reach of unaccountable agencies – and the corporate grifters whom they serve:

    The Pentagon’s ‘black’ operations, including the intelligence budgets nested inside it, are roughly equal in magnitude to the entire defense budgets of the UK, France or Japan, and ten percent of the total.

Yes, you read that correctly. The "black" or secret portions of the budget are almost as large as the entire expenditure of defense funds by America’s allies, hardly slouches when it comes to feeding their own militarist beasts. The U.S. Air Force alone intends to spend approximately twelve billion dollars on "black" programs in 2010 or 36 percent of its entire research and development budget. Aviation Week revealed:

    Black-world procurement remains dominated by the single line item that used to be called ‘Selected Activities,’ resident in the USAF’s ‘other procurement’ section. In 2010 this amounted to more than $16 billion. In inflation-adjusted terms, that’s 240 percent more than it was ten years ago.

    On the operations side, secret spending has risen 8 per cent over last year, to just over $15 billion – equivalent to more than a third of Air Force operating costs.

    What does it all go for? In simple terms, we don’t know. It is apparent that much if not all of the intelligence community is funded through the black budget: for example, an $850 million USAF line item is clearly linked to reconnaissance satellites. But even so, the numbers are startling – and get more so year by year.

While the American government refuses to disclose the CIA or NSA’s budget "both the Agency and other non-military spooks do get money of their own. Some of this is spent on military or quasi-military activities."

Toss in the world-wide deployment of CIA and U.S. Special Operations Command (USSOCOM) paramilitary operatives hidden among a welter of Special Access Programs (SAPs) classified above top secret and pretty soon we’re talking real money!

Hiding the State’s Dirty Laundry

One such program may have been Dick Cheney’s "executive assassination ring" disclosed by investigative journalist Seymour Hersh during a "Great Conversations" event in March at the University of Minnesota.

Indeed the latest scandal to rock Washington arrived shortly before Congress’ summer break. It was revealed that the CIA in fact had stood up a world-wide assassination program, and then concealed its existence from the U.S. Congress and the American people for eight years, the result of a ukase issued by the former Vice President, Richard Cheney.

The Wall Street Journal reported that "a secret Central Intelligence Agency initiative terminated by Director Leon Panetta was an attempt to carry out a 2001 presidential authorization to capture or kill al Qaeda operatives, according to former intelligence officials familiar with the matter." National security journalist Siobhan Gorman wrote, "The precise nature of the highly classified effort isn’t clear, and the CIA won’t comment on its substance."

The Washington Post however, revealed that the assassination plan was sanctioned at the highest levels of the U.S. government. Unnamed "intelligence officials" told the newspaper that "a secret document known as a ‘presidential finding’ was signed by President George W. Bush that same month, granting the agency broad authority to use deadly force against bin Laden as well as other senior members of al-Qaeda and other terrorist groups."

According to Post reporter Joby Warrick, Bush’s finding "imposed no geographical limitations on the agency’s actions" and that the CIA was "not obliged to notify Congress of each operation envisaged under the directive." This implies of course, that targets could be hit anywhere, including on the soil of a NATO ally or inside the United States itself.

One can assume that secret, off-the-books "black" funds sustained the agency’s operation. Should pesky investigators from the Government Accountability Office (GAO) have the temerity to probe said "executive assassination ring" or other DoD "black" programs well, their Inspector Generals had better think again!

According to the whistleblowing security and intelligence web site Cryptome, a May 8, 2009 letter from Susan Ragland, GAO Director of Financial Management and Assurance to Diane Watson (D-CA), Chairwoman of the House Committee on Government Management, Organization and Procurement, lays down the law in no uncertain terms. Ms. Ragland wrote:

    The IG Act authorizes the heads of six agencies to prohibit their respective IGs from carrying out or completing an audit or investigation, or from issuing any subpoena if the head determines that such prohibition is necessary to prevent either the disclosure of certain sensitive information or significant harm to certain national interests."

Under statutory authority granted the Executive Branch by congressional grifters, Congress amended the IG Act "to establish the Department of Defense (DOD) IG and placed the IG under the authority, direction, and control of the Secretary of Defense with respect to audits or investigations or the issuance of subpoenas that require access to certain information." What information may be withheld from public scrutiny? Ms. Ragland informs us:

    Specifically, the Secretary of Defense may prohibit the DOD IG from initiating, carrying out, or completing such audits or investigations or from issuing a subpoena if the Secretary determines that the prohibition is necessary to preserve the national security interests of the United States.

This makes a mockery of effective oversight, indeed any oversight since an investigation can be quashed at the starting line by the department being investigated.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Geolibertarian

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Massive Austerity Budgets are Destroying America
« Reply #32 on: March 02, 2011, 02:06:30 pm »
http://www.globalresearch.ca/massive-austerity-budgets-are-destroying-america/23452

Massive Austerity Budgets are Destroying America
While the Rich Get Richer, Everyone Else Suffers

by Kevin Zeese



Global Research
March 1, 2011

The race to the bottom has picked up its pace.  As state and federal governments face budget deficits, they are cutting critical programs with austerity budgets that will weaken education, health care, essential services and the economy.

Wisconsin is ground zero for the race to the bottom.  I will be heading to Wisconsin the end of the week to get a better understanding of the situation and to gauge the anger – has government finally hit the breaking point so people will stand up against the class war being perpetrated against them?  I have no doubt that if the people were organized and demanded change, we could see the end of the corporate political duopoly that allows big business interests to dominate government and puts profits ahead of people’s needs. Maybe Wisconsin is the sign that the tipping point is here?  I certainly hope so because the richest country on earth does not need to be in a race to the bottom.  We are in this race down because of choices the government is making for their wealthy campaign contributors.

Take Wisconsin, not too long ago the state was seemingly well run with a budget surplus.  The economic collapse, as it did for many states, created a budget deficit as expenditures rose and revenues declined; and now that the meager Obama stimulus is running out, the deficit is here.  But, in Wisconsin the current deficit and future economic challenges are being made worse by choices made by the government. The Legislative Fiscal Bureau of Wisconsin, the state's official fiscal budget examiner, explained [.pdf] on January 31, 2011 how the state went from surplus to deficit:  

    “More than half of the lower estimate ($117.2 million) is due to the impact of Special Session Senate Bill 2 (health savings accounts), Assembly Bill 3 (tax deductions/credits for relocated businesses), and Assembly Bill 7 (tax exclusion for new employees).”

Essentially, in a special session the governor signed into law two business tax breaks and a tax break for health savings accounts, a conservative approach to health care which primarily benefits the wealthy.  This cost the state $117 million and none of these costs were offset by other sources of income.  This contributed to a budget already stressed by a bad economy and built significantly reduced revenues into future budgets.

So, the race to the bottom escalated.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Rebelitarian

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Debt is already 90% of GDP, and given what is going on in Afghanistan, Iraq and Libya I am sure the NWO is preparing the final nails to be put into COFFIN-USA !!!!!

Offline Geolibertarian

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The Balanced Budget Debate Begins
« Reply #34 on: March 02, 2011, 07:41:22 pm »
http://blog.heritage.org/?p=53504

The Balanced Budget Debate Begins

by Brian Darling
The Heritage Foundation
March 2, 2011

Senator Mike Lee (R-UT) has offered a Sense of the Senate Amendment to the Patent Reform Act of 2011 (S.23) testing the waters on the idea of a balanced budget amendment to the Constitution (Senate Amendment 115). This will be a referendum to testing the waters for the idea of a balanced budget amendment in the Senate.  The details of any mechanism to cut spending is very important and should be studied in great detail.

There are two very important priorities for any process changes.  First, conservatives need to make sure that any process changes do not favor of increasing taxes and protect entitlement programs from change.  Second, conservatives need to make sure that this debate does not crowd out the immediate need to cut spending.  The last thing we want is a protracted battle over a balanced budget amendment that gives politicians an excuse to ignore the immediate cuts to the budget that need to happen yesterday. The Lee Amendment states the following:

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Online worcesteradam

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they should be cutting taxes
"I will never apologize for the United States — I don't care what the facts are." - George Bush

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How Americans want -- and don't want -- to balance the budget
« Reply #36 on: March 03, 2011, 07:11:54 pm »
http://voices.washingtonpost.com/ezra-klein/2011/03/how_americans_want_--_and_dont.html

How Americans want -- and don't want -- to balance the budget

By Ezra Klein
The Washington Post
March 3, 2011

The quick version of the NBC News/Wall Street Journal poll everyone is talking about: Voters don't like deficits or most of the things that have to be done to reduce deficits. They disapprove of cutting most government programs but sometimes approve of them if they're not phrased as program cuts. If something does have to be done to reduce the deficit, they'd prefer to see it done to rich people, rich corporations or the military.

But who wants words when you can have graphs? In one question, the pollsters listed 14 government programs and asked respondents if cuts would be acceptable or unacceptable. In all but four cases, a majority called cuts unacceptable:

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Rebelitarian

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END the FED, issue debt free money, build bridges and roads.

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END the FED, issue debt free money, invest in science
"I will never apologize for the United States — I don't care what the facts are." - George Bush

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Stealing from Social Security to Pay for Wars and Bailouts
« Reply #39 on: March 10, 2011, 01:23:31 pm »
http://www.prisonplanet.com/stealing-from-social-security-to-pay-for-wars-and-bailouts.html

Stealing from Social Security to Pay for Wars and Bailouts

Paul Craig Roberts
Prisonplanet.com
March 10, 2011

The American Empire is failing. A number of its puppet rulers are being overthrown by popular protests, and the almighty dollar will not even buy one Swiss franc, one Canadian dollar, or one Australian dollar. Despite the sovereign debt problem that threatens EU members Greece, Ireland, Spain, and Portugal, it requires $1.38 dollars to buy one euro, a new currency that was issued at parity with the US dollar.

The US dollar’s value is likely to fall further in terms of other currencies, because nothing is being done about the US budget and trade deficits. Obama’s budget, if passed, doesn’t reduce the deficit over the next ten years by enough to cover the projected deficit in the FY 2012 budget.

Indeed, the deficits are likely to be substantially larger than forecast. The military/security complex, about which President Eisenhower warned Americans a half century ago, is more powerful than ever and shows no inclination to halt the wars for US hegemony.

The cost of these wars is enormous. The US media, being good servants for the government, only reports the out-of-pocket or current cost of the wars, which is only about one-third of the real cost. The current cost leaves out the cost of life-long care for the wounded and maimed, the cost of life-long military pensions of those who fought in the wars, the replacement costs of the destroyed equipment, the opportunity cost of the resources wasted in war, and other costs. The true cost of America’s illegal Iraq invasion, which was based entirely on lies, fabrications and deceptions, is at least $3,000 billion according to economist Joseph Stiglitz and budget expert Linda Bilmes.

The same for the Afghan war, which is ongoing. If the Afghan war lasts as long as the Pentagon says it needs to, the cost will be a multiple of the cost of the Iraq war.

There is not enough non-military discretionary spending in the budget to cover the cost of the wars even if every dollar is cut. As long as the $1,200 billion ($1.2 trillion) annual budget for the military/security complex is off limits, nothing can be done about the U.S. budget deficit except to renege on obligations to the elderly, confiscate private assets, or print enough money to inflate away all debts.

The other great contribution to the US deficit is the offshoring of production for US markets. This practice has enriched corporate management, large shareholders, and Wall Street, but it has eroded the tax base, and thereby tax collections, of local, state, and federal government, halted the growth of real income for everyone but the rich, and disrupted the lives of those Americans whose jobs were sent abroad. When short-term and long-term discouraged workers are added to the U.3 measure of unemployment, the U.S. has an unemployment rate of 22%. A country with more than one-fourth of its work force unemployed has a shrunken tax base and feeble consumer purchasing power.

To put it bluntly, the $3 trillion cost of the Iraq war, as computed by Joseph Stiglitz and Linda Bilmes, is 20% of the size of the U.S. economy in 2010. In other words, the Iraq war alone cost Americans one-fifth of the year’s gross domestic product. Instead of investing the resources, which would have produced income and jobs growth and solvency for state and local governments, the US government wasted the equivalent of 20% of the production of the economy in 2010 in blowing up infrastructure and people in foreign lands. The US government spent a huge sum of money committing war crimes, while millions of Americans were thrown out of their jobs and foreclosed out of their homes.

The bought-and-paid-for Congress had no qualms about unlimited funding for war, but used the resulting “debt crisis” to refuse help to American citizens who were out of work and out of their homes.

The obvious conclusion is that “our” government does not represent us.

The US government remains a champion of offshoring, which it calls “globalism.” According to the US government and its shills among “free market” economists, destroying American manufacturing and the tax bases of cities, states, and the federal government by moving US jobs and GDP offshore is “good for the economy.” It is “free trade.”

It is the same sort of “good” that the US government brings to Iraq and Afghanistan by invading those countries and destroying lives, homes and infrastructures. Destruction is good. That’s the way our government and its shills see things. In America destruction is done with jobs offshoring, financial deregulation, and fraudulent financial instruments. In Iraq and Afghanistan (and now Pakistan) is it done with bombs and drones.

Where is all this leading?

It is leading to the destruction of Social Security and Medicare.

Republicans have convinced a large percentage of voters that America is in trouble, not because it wastes 20% of the annual budget on wars of aggression and Homeland Security porn-scanners, but because of the poor and retirees.

[Continued...]
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://webofdebt.com
http://schalkenbach.org
http://forum.prisonplanet.com/index.php?topic=203330.0