The debt ceiling debate is providing plenty of opportunity for political theater in Washington. Proponents of raising the debt ceiling are throwing around the usual scare tactics and misinformation in order to intimidate opponents into accepting more debt and taxes. It is important to distinguish the truth from the propaganda.
First of all, politicians need to understand that without real change default is inevitable. In fact, default happens every day through monetary policy tricks. Every time the Federal Reserve engages in more quantitative easing and devalues the dollar, it is defaulting on the American people by eroding their purchasing power and inflating their savings away. The dollar has lost nearly 50% of its value against gold since 2008. The Fed claims inflation is 2% or less over the past few years; however economists who compile alternate data show a 9% inflation rate if calculated more traditionally. Alarmingly, the administration is talking about changing the methodology of the CPI calculation yet again to hide the damage of the government’s policies. Changing the CPI will also enable the government to avoid giving seniors a COLA (cost of living adjustment) on their social security checks, and raise taxes via the hidden means of “bracket creep.” This is a default. Just because it is a default on the people and not the banks and foreign holders of our debt does not mean it doesn’t count.
Politicians also need to acknowledge that our debt is unsustainable. For decades our government has been spending and promising far more than it collects in taxes. But the problem is not that the people are not taxed enough. The government has managed to run up $61.6 trillion in unfunded liabilities, which works out to $528,000 per household. A tax policy that would aim to extract even half that amount of money from American families would be unimaginably draconian, and not unlike attempting to squeeze blood from a turnip. This is, unequivocally, a spending problem brought about by a dramatically inflated view of the proper role of government in a free society.
Perhaps the most abhorrent bit of chicanery has been the threat that if a deal is not reached to increase the debt by August 2nd, social security checks may not go out. In reality, the Chief Actuary of Social Security confirmed last week that current Social Security tax receipts are more than enough to cover current outlays. The only reason those checks would not go out would be if the administration decided to spend those designated funds elsewhere. It is very telling that the administration would rather frighten seniors dependent on social security checks than alarm their big banking friends, who have already received $5.3 trillion in bailouts, stimulus and quantitative easing. This instance of trying to blackmail Congress into tax increases by threatening social security demonstrates how scary it is to be completely dependent on government promises and why many young people today would jump at the chance to opt out of Social Security altogether.
We are headed for rough economic times either way, but the longer we put it off, the greater the pain will be when the system implodes. We need to stop adding more programs and entitlements to the problem. We need to stop expensive bombing campaigns against people on the other side of the globe and bring our troops home. We need to stop allowing secretive banking cartels to endlessly enslave us through monetary policy trickery. And we need to drastically rethink government’s role in our lives so we can get it out of the way and get back to work.
Dominique Strauss-Kahn has been tried and convicted and has never gone to court yet…
The first evidence has been made public in the case involving the former IMF chief Dominique Strauss-Kahn. Traces of DNA found on the clothing of the victim, correspond to samples taken from the former head of the IMF. (Since when do we show evidence before a trial?)
Strauss-Kahn was administered DNA tests after his arrest on May 14th when he was detained at John F. Kennedy International Airport while attempting to depart for Paris.
He was then taken to prison, where he was charged with sex crimes against a 32-year-old maid in the Sofitel Hotel in New York.
What happened to the country where people are innocent until proven guilty? He could not have a fair trial if his life depends on it and his life does depend on it…
Terror threats appear to be on the rise as FEMA has rushed a $1 Billion order of dehydrated food in the event of attacks on domestic targets in the US.
This is also coming on the heels of one of the largest terror drills performed by the US Navy on American soil, as Operation Solid Curtain is taking place this week.
In an article Tuesday from the Beaufort Observer, many of the largest suppliers of dehydrated foods in the country are dropping their distributors and customers to dedicate their resources to supplying a billion dollar FEMA request and purchase.
One of the nation’s largest suppliers of dehydrated food has cut loose 99% of their dealers and distributors. And it’s not because of the poor economy. It’s because this particular industry leader can no longer supply their regular distribution channels. Why not? Because they’re using every bit of manufacturing capacity they have to fulfill massive new government contracts. Look, the government has always been a customer of the industry to some extent. But according to our sources, this latest development doesn’t represent simply a change of vendor on the government’s part. It’s a whole new magnitude of business.
Congressman Ron Paul: “Proponents of the REAL ID Act continue to make the preposterous claim that the bill does not establish a national ID card. This is dangerous and insulting nonsense.”
So those ‘wild-eyed, crazed, lunatic, gun-totin’, anti-gubmint, right-wing, survivalists’ who kept yapping mindlessly about black helicopters were…
…right…
Nice try America… but the grand experiment in individual freedom is over. It was dismantled and destroyed by the Pirates of Washington, the Pirates of Wall Street, Corporate America, the military-industrial complex, the war on drugs, the prison-industrial complex, the security-surveillance complex, the International Banksters Cartel, AIPAC, and the UN-NWO…
ps — wait ’til those Gorgon pix of your 15-year-old in the shower show up on the internet… nothing to hide indeed…
If you haven’t heard by now, a no-longer-secret report about what is considered to be signs of a suspected terrorist:
“The Feb. 20 report called “The Modern Militia Movement” mentions such red flags as political bumper stickers for third-party candidates, such as U.S. Rep. Ron Paul, who ran for president last year; talk of conspiracy theories, such as the plan for a superhighway linking Canada to Mexico; and possession of subversive literature.”
Talk about abuse of human rights in America. This is a 15 year old girl that has an attitude and a mouth but she meets a bigger attitude and a cop twice her size who kicks her butt.
He evens has help from another cop.
The video will piss you off at what the cops do to the 15 year old girl.
