E-mail to Congress:
EIN News says, "Britain's Debt Set to Be Higher Than That of Greece. Britain's public finances may end this year in a worse state than those of Greece, economists warned yesterday, raising serious fears over the economic stability of the country. (telegraph.co.uk)".
For us it's a simple question. Europe has been leading the way on social benefits and is heading toward bankruptcy. The US has been following that lead. Should it continue, and also move toward bankruptcy? I think most Americans are smart enough to recognize we should not be following that route. However, there is a considerable segment of the US population that has no knowledge or concern concerning basic economics. They merely have their hands out, and unfortunately could continue to vote us into a state of insolvency.
I would like to bring back the poll tax, which would eliminate many ridiculous voter positions. Alternatively, I saw on the March 2 ballot for Lubbock a question of whether a photo ID should be required for voting. This is a step in the right direction.
Friday, February 19, 2010
Friday, February 12, 2010
In a Financial Crisis Guard Against a Grab for Power
E-mail to Congress:
EIN News says, "EU President to Grab Power Over National Budgets. The new President of the European Council, Herman Van Rompuy, is using the financial crisis sweeping the eurozone to launch an audacious grab for power over national budgets, leaked documents reveal. An EU source explained: "It has become clear to everyone that this economic crisis can't be solved by individual member states, such as Germany helping out Greece. What we need is the same kind of mechanism that we have now imposed on Greece in order to monitor and survey eurozone countries. So the idea is to put all European economies under surveillance. (independent.co.uk)"
This is exactly what has been happening in the US. The Dictator's Handbook says to never waste a financial crisis, when it can be used as an instrument to grab power. I know you are astute enough, such that I need not give you historical examples.
The question is whether you and your associates are willing to expend the energy to thwart the takeover and preserve the Republic.
EIN News says, "EU President to Grab Power Over National Budgets. The new President of the European Council, Herman Van Rompuy, is using the financial crisis sweeping the eurozone to launch an audacious grab for power over national budgets, leaked documents reveal. An EU source explained: "It has become clear to everyone that this economic crisis can't be solved by individual member states, such as Germany helping out Greece. What we need is the same kind of mechanism that we have now imposed on Greece in order to monitor and survey eurozone countries. So the idea is to put all European economies under surveillance. (independent.co.uk)"
This is exactly what has been happening in the US. The Dictator's Handbook says to never waste a financial crisis, when it can be used as an instrument to grab power. I know you are astute enough, such that I need not give you historical examples.
The question is whether you and your associates are willing to expend the energy to thwart the takeover and preserve the Republic.
Wednesday, February 10, 2010
Chinese Forcing US Economic Collapse
E-mail to Congress:
EIN News says, "China PLA Officers Urge Economic Punch Against U.S. Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan. The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defense University and Academy of Military Sciences. (reuters.com)".
This is basically how Reagan forced the collapse of the Soviet Bloc. He increased significantly US military spending. The Soviets tried to keep up but did not have the resources. They overspent and their whole economic system collapsed.
The present situation is reversed and a little different. The US of its own volition has decided to overspend on various projects unrelated to the military. This makes it especially easy for the Chinese. With the US teetering on the edge of economic collapse. The Chinese will increase their own military spending, which will force us over the edge in an effort to keep up. An economically collapsed US will have no ability to assist Taiwan in its defense, no matter how many inoperable war machines it may have. Forget the punishment aspect. It is all opportunistic against an enemy that is already in a weakened condition.
EIN News says, "China PLA Officers Urge Economic Punch Against U.S. Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan. The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defense University and Academy of Military Sciences. (reuters.com)".
This is basically how Reagan forced the collapse of the Soviet Bloc. He increased significantly US military spending. The Soviets tried to keep up but did not have the resources. They overspent and their whole economic system collapsed.
The present situation is reversed and a little different. The US of its own volition has decided to overspend on various projects unrelated to the military. This makes it especially easy for the Chinese. With the US teetering on the edge of economic collapse. The Chinese will increase their own military spending, which will force us over the edge in an effort to keep up. An economically collapsed US will have no ability to assist Taiwan in its defense, no matter how many inoperable war machines it may have. Forget the punishment aspect. It is all opportunistic against an enemy that is already in a weakened condition.
Tuesday, February 9, 2010
New National Debt
E-mail to Congress:
I have just read Randy Neugebauer's latest Roundup.
Part of it was, "Last week, Congress voted to increase the government’s credit card limit by $1.9 trillion, bringing the national debt limit to $14.294 trillion." Randy then asked redundantly, "Who is going to pay the bill?".
I replied to Randy that he and I know it was his associates in Congress who passed this bill. It doesn't matter who will pay. The damage is done and payment will be made by someone or all in one form or another. We don't know now who that will be.
Randy was personally opposed to the bill and voted against it. I congratulated him, but pointed out that he is still not doing his job. His job is to convince his associates to do the right thing.
This may be too big a job for him. Up until now he and you have been failing miserably. Congress continues to do the wrong thing, compounding error upon error, with apparently little deterrence from any action you may be taking. We pay for results, not intentions.
I have just read Randy Neugebauer's latest Roundup.
Part of it was, "Last week, Congress voted to increase the government’s credit card limit by $1.9 trillion, bringing the national debt limit to $14.294 trillion." Randy then asked redundantly, "Who is going to pay the bill?".
I replied to Randy that he and I know it was his associates in Congress who passed this bill. It doesn't matter who will pay. The damage is done and payment will be made by someone or all in one form or another. We don't know now who that will be.
Randy was personally opposed to the bill and voted against it. I congratulated him, but pointed out that he is still not doing his job. His job is to convince his associates to do the right thing.
This may be too big a job for him. Up until now he and you have been failing miserably. Congress continues to do the wrong thing, compounding error upon error, with apparently little deterrence from any action you may be taking. We pay for results, not intentions.
Friday, February 5, 2010
Slower Frittering Away of Our Money
E-mail to Congress:
EIN News says, "Bureaucracy Slows DEO Stimulus Spending, Chu Says. Energy Secretary Steven Chu expressed frustration that most of the roughly $37 billion in stimulus money Congress gave his agency last year had yet to be spent due to the complexity of the review process the DOE must follow. (wsj.com)".
Wonderful news! This is almost akin to hearing that Sec. Chu had been fired.
Bureaucracy has slowed down the spending of money we don't have and was inappropriately authorized by Congress. I normally am opposed to bureaucracy for slowing down progress. In this case, it appears to be slowing down damage. Hooray!
Perhaps I have also misjudged Congress. Did they intentionally add bureaucratic details to the stimulus fund in order to have a semblance of control over a Marxist Administration, or was it all accidental?
EIN News says, "Bureaucracy Slows DEO Stimulus Spending, Chu Says. Energy Secretary Steven Chu expressed frustration that most of the roughly $37 billion in stimulus money Congress gave his agency last year had yet to be spent due to the complexity of the review process the DOE must follow. (wsj.com)".
Wonderful news! This is almost akin to hearing that Sec. Chu had been fired.
Bureaucracy has slowed down the spending of money we don't have and was inappropriately authorized by Congress. I normally am opposed to bureaucracy for slowing down progress. In this case, it appears to be slowing down damage. Hooray!
Perhaps I have also misjudged Congress. Did they intentionally add bureaucratic details to the stimulus fund in order to have a semblance of control over a Marxist Administration, or was it all accidental?
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