Governments Are Going Broke

The news of California's economic demise is well documented. Now, we are seeing that many other governmental agencies are facing similar circumstances. The days of reckless overspending are coming back to haunt these local and state governments. And, it serves them right.

Today, the mayor of New York announced that the city needed to undergo massive layoffs to prevent going bankrupt. Of course, it should come as no surprise that unions are at the center of the issue. New York will have to lay off as many as 7,000 employees unless concessions in benefits are made. This is according to an article run here.

How is this any different then the situation confronting General Motors? Management made poor decisions for decades spending on ideas that missed what the market needed while the unions presses (and received) wonderful contracts which destroyed the company. We see a similar story being run in government. Reckless politicians spent money without regard of how it would be paid back while conceding to the unions. Now, GM and many governments are facing bankruptcy.

Personally, I am glad to see so much trouble across the country. Government is addicted to tax revenue. Politicians spend without regard to the consequences of what they do. Campaigns are full of promises of "handouts" without any thought to the future. Today, the future is here.

Of course, areas like New York and California are going to solve this problem by raising taxes. We already saw some of the proposals the Governor of New York offered. If it moves, he wants to tax it. Typical government mindset. They screw the budget up and feel entitled to have the people give more. This is absolute bull crap. The time is near that the politicians are held accountable for their choices. Perhaps we could have them personally guarantee all their decisions. You put the government in debt, we, the people are entitled to all your money. That is a tidy sum with some of these politicians.

I am predicting there will be a tax revolt in the next few years. The way these idiots in government are spending money, those who are in a position of high net worth will not like giving more to the corrupt politicians. If the top 3% decided to withhold their tax payments, we would see the government stopped on a dime. This is what America needs. Let the politicians figure out how to keep their campaign promises without any tax dollars. If they want it, let them fund it.

The revolution is nearing. We are seeing the signs of it all over the country. People are angry. These politicians think it is business as usual. They better wake up soon.

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Do As I Say...

The tax cheats that Obama tried to put into Cabinet positions are only the tip of the iceberg. It seems that there are many in political power who feel that paying taxes is beneath them. This is the group that is responsible for spending the taxpayer dollars. They will raise taxes whenever they see an opportunity yet feel the need to disregard the rules themselves.

Here is an article that outlines some of what is occurring in the Georgia legislature.

It seems the representatives in the state Congress feel exempt from paying (and even filing returns) taxes. Here is a clear situation where these people ought to be immediately removed from office and sent to jail for a year. They take an oath to uphold the laws of the Land (state, federal, etc...). To me, this is the breaking of sworn testimony. Perjury charges ought to be levied with an automatic 1 year imprisonment if convicted. Perhaps this will start to alter the actions of the powerful.

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An Addiction

Have you ever seen an alcoholic at an open bar? He (or she) is like a kid in a candy store. It is like a license to steal. Drink all you can for free. It is an alcoholics nirvana.

I bring up this analogy because it provides a visual for our current political leadership (the last set of leaders falls into this category also). This morning, I read that our fearless government executives in Washington are proposing another $410 billion in spending. This is coming on the heels of the $800 billion stimulus and the trillions which the banks are getting. We have certainly entered the twilight zone.

This is a royal screwing of the American people. Forget about what the money is used for, at this point none of it matters anymore. When we are dealing with numbers so big, it is impossible to monitor it all anyway. The TARP money is an example of that.

What I find interesting is how immune we suddenly became to the numbers being thrown around. There was a time when a billion dollars meant something. Do you truly understand how much a billion dollars really is? Yet, today we talk in terms of hundreds of billions of dollars. This is a sum we will never be able to pay back.

There is a simple truth which most people fail to understand: money is a drug to politicians. They cannot get enough of it. Their entire power is based upon the money they control. When they control more money, they control the people through the use of handouts. Look at the expansion in the welfare system. The joke of a stimulus package put in stipulations that states received more money for putting more people on the dole. This gives the states incentive to make more people dependent. Hence, more power for those with the money (Washington). It is ridiculous.

Where will this all end up? I am not certain. I hope there is a peaceful resolution to all this. However, my instincts tell me this is not likely. The economic fundamentals simply do not compute. We cannot spend like this and hope that everything will be okay. We are already going to be confronted with massive inflation when recovery does hit. To counter this, the Fed will raise interest rates, which will stunt growth due to lack of lending. Thus, our recovery will be slowed (or stunted) because of the choices the politicians made now.

I believe we are going to see a major revolution in this country. There will come a day when the people who are being handed the tab for all this crap are going to say "enough". The amount of working taxpayers is decreasing. Each time the government removes an independent from the tax rolls while putting them in the dependent category, we see a shift in the amount of people contributing. This means that fewer will have to give a larger portion. At some point, people say "no more". It is time those morons in Washington paid attention. But, alas, they wont.

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These are our servants

We send our leaders to Washington to do our work. These are our elected officials. Yet, they repeatedly want to keep us in the dark about things. The events of the last 24 hours is no exception.

The United States Congress is embarking on the largest spending package in the history of this fine country. President Obama's "stimulus" bill is totaling almost $800 billion while taking up 1,100 pages. The negotiations between the House and Senate ended late last night.

Now, the House already passed the bill. As I write these words, the Senate is taking this bill to vote with passage expected. The historic event is going to occur within the next few hours.

Here is the million dollar question: Who can read 1,100 pages in 18 hours? How many of the Congress people and Senators read the contents of which they are voting? The answer seems to be none.

Here is a video of one Congressman protesting this very point.

How can these people vote for a bill without knowing the content? Simply, because they are corrupt politicians only concerned about their pet projects. Arlen Spector got his $6+ billion from the bill in exchange for his vote. According to reports, Nancy Pelosi got her $30 million for research of mice. And the list continues.

This is just another example of the corruption of the present political system. We are witnessing the largest increase in government spending for nothing. Under the guise of stimulus, the American people were duped into agreeing to political paybacks. This is corruption at it's finest.

We need to write down the name of every person who voted for this bill and remove them from office. The 2010 elections ought to see the removal of every single Democratic House member. This is what that criminals deserve.

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This woman is a piece of...

I purposely withheld writing about this situation until the facts were revealed. Many jumped on the bandwagon on both sides early on. However, now I believe enough facts are out there to draw a conclusion about this woman. And, in my opinion, she is a piece of crap.

Who am I referring to? Why the infamous mother of the Suleman octuplets of course. You all know this story. A woman on welfare who already has 6 children goes in for fertility treatment and has 8 more. Of course, everyone is wondering who financially fund this woman's decision?

We now have the answer to that question. And, is anyone surprised to find out that it is the taxpayers of California who are already footing the bill. According to an AP article, the state is already covering the costs of the hospitalization for the premature children. They also will most likely have to pick up other forms of supports such as food stamps and other forms of welfare.

If you will recall, California is the state that is presently facing a $40+ billion deficit. The state is a total mess. Fortunately for them, the state is not responsible for creating this situation. Unfortunately for them, they will be stuck footing the bill.

Where does this insanity stop? I might be somewhat sympathetic if the woman got pregnant with her husband (or significant other) and was surprised to find out that she was carrying so many babies. That is not what happened here. This woman, who was unable to provide financially for her existing children, made a choice to have so many more children. This is reprehensible in my opinion.

Something needs to be done about it. Sadly, nothing will come of it. The state will end up paying for the children through all kinds of public assistance. That is why California is broke. The liberal government gave handouts to everyone who asked. Nothing is overlooked in California. Hell, you dont even need to be a citizen to get assistance. So I feel little sympathy for that wacky state.

Nonetheless, this situation could be solved easily. The 8 children who were just born are taken from the mother. She has proven her inability to be able to provide for them. The state, since they are going to have to pay for them, removes the children and tries to find other homes for them. This will send a mandate to those in the state that if you have more children, you will not get more money. It should send the notice that this bull crap is going to end. If the bleeding hearts in Hollywood have an issue with that, let them open their wallets and pay for the babies. Perhaps move all 8 of them in with Sean Penn. He can afford to support them.

This situation strikes at the core of the mindset which got this country into such a tragic state. Our politicians lead the way by placing the blame on everyone else. Personal responsibility is absent. We are quickly becoming a nanny state. Mark my words, this will all blow up here shortly.

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Rioting In The Streets

America is the land of the free and the home of the brave. We are a relatively young country as compared to the Far East and Western Europe. The United States became the world leader in less that 200 years. Our economy grew faster and longer than any other nation in history. Presently, we are the longest standing government in the world. Yet, our political leadership seems intent on bringing us closer to a model that is used by the governments in Europe.

As I write this, they are rioting in the street. At the meeting in Davos, the trade unions are protesting the fact that leaders missed the economic collapse which led to the current situation. Well, too bad. What did the leadership of the unions do about it? Where was their warning? Obviously they sat back while the circumstances unfolded also.

If we want a glimpse into what our future is going to look like, we only need to look at those countries in Europe. Germany and France are experiencing national strikes. Britain is having the same thing in addition to a forecast that says their recession will last until 2025. Gee, this is something that we want to move towards.

Labor traditionally was the avenue people used to overthrow the government. It happened in Germany in the last century. Hitler got the labor people behind him which catapulted him to power. How did that work out for them? Seems like this is going to repeat itself.

Here in the states, we have seen labor play a large role in the destruction of the automobile manufacturers (notice I didnt give them full responsibility). Their negotiations of contracts which were not fundamentally sustainable is what doomed the Big Three. Yet, you will never get a labor guy to see that. Alas, that is one of the reasons why the Japanese auto makers are kicking the crap out of the American companies.

At the end of the day, labor is one of the monkey wrenches in a viable economic system. They want to share in the rewards while assuming none of the risk. A union negotiates a guaranteed contract in an effort to protect its members. Sadly, this stifles creativity and individuality. Sameness is the objective.

Personally, I cannot wait until people here in the United States are rioting in the streets. Widespread rioting is exactly the wake up call this country needs. Sadly, with the corruption of the media, the anger will not be focused in the proper area. People will get angry with the big, bad corporations instead of with the cheating politicians. They are the ones who are causing most of the damage.

It is time people started to wake up. A revolution has already started. Which side are you on?

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How Hard Is This?

The government is considering a bailout (handout) plan for the automobile manufacturers. Presently, the numbers being tossed around are $50-$75 billion. This tells me that the final tally would be at least double that. Is this a wise investment? Will the government get a return for it's effort? The idea is that we (the taxpayers) will own a portion of these companies in exchange for the money.

Are you kidding me? Why do we want to own a part of losing enterprises? The Big Three showed themselves to be antiquated companies who's time has went. My vote on this idea is to turn them down.

We all know the automobile industry is in chaos. The Midwest is being hammered with the potential closings of the automobile plants. Nowhere is this sector thriving. Or that is what we are led to believe. There actually is expansion happening presently in the automobile industry.

Toyota and Honda are both building, not closing, new plants in the South. These two companies already had a strong manufacturing presence here. However, since they chose to put their facilities in "right to work" areas, they are not at the mercy of the unions. Their contracts with the workers are reasonable. They are able to compete based upon the present conditions while the Big Three are handcuffed by contracts signed years ago.

So, the unions are at fault. But they are not the only ones responsible. The management at the Big Three is equally at fault. They completely missed the shift in the industry. While the country wanted fuel efficient vehicles, these companies churned out SUVs. Oops.

Where does this leave us now? Do you think that tens of billions of dollars will make these guys any smarter? How will the money help them sell a product which nobody wants? It will not. Also, do you think the Union will suddenly get benevolent with the contract it negotiates? Fat chance. These people will argue, fight, and claw for whatever they can get.

Mark my words: if the government gives the money to these companies, they will burn through it in 12-24 months. We will face the same situation again in a couple of years. The money will serve no purpose but to delay the inevitable.

Our history is filled with companies that were powerful only to disappear as the years went by. That is how capitalism works. When someone builds a better mousetrap, the one with the old technology suffers. At this time, the Big Three are not the ones with the better mousetrap. Time for them to go.

How come solutions are simple except to the government? The politicians who are in office answer to one group: lobbyists. They care little about the American people or their money. It is the lobbyist on Capitol Hill who are in power. And you can be that the automobile industry lobby is very strong. We will see them placated at the expense of the American taxpayer. Remember this when you watch the professional liars on television telling how they are going to save the backbone of America.

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Government Secrecy

Henry Paulson should be tried for treason and stand in front of the firing squad. This jackass is as crooked as they come. The former head of Goldman Sachs has the key to the chicken roost and he is giving all his friends a piece of the pie. In the process, the American public is being screwed.

It is bad enough that the banks are still going to pay the enormous bonuses to their top people. The rationale: they do not want to lose this fine talent because they go without their compensation. Memo: these are the idiots that got those companies in this mess. They ought to be let go.

The latest, and most offending, of the Paulson tricks is the hiding of the names of who received the $2 trillion in taxpayer money. This is absurd. We are the ones footing the bill yet we are not entitled to know who is getting our funds. He ought to be shot for that on the White House lawn. The American people have a right to know where their funds are being spent. A secretive government creates a gestapo environment. Consider how Hitler came to power without a single bullet being fired. In the end, he created a crap load of damage.

We need to stop lying pieces of crap like this. I applaud the efforts of another politician (read liar in his own right), John Boehner for his move to have Paulson release the names of these people. In this instance, he believes in transparency of government (read the article I wrote on this here). We need to demand this of our leaders.

Here is an excerpt out of a story posted on bloomberg.com.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, there is little disclosure about how the programs are being implemented.

Notice how they agreed to transparency when they were soliciting Congress's approval yet turned when they received it. And, it is interesting to note how Congress gets upset when promises are broken to them. Yet it is perfectly alright for them to go back on their word to the American people. Seems to me that it should work in both instances.

Those who read this site often know I trust nobody in Washington. All of our leaders, whether they are in the White House, Congress, or the Fed, are professional liars. They are corrupt to the core with their only concern being power. The needs of the people they represent are not even considered. It is time to start reversing that trend. If they continue on the path they are following, I surmise there will be an uprising. And, The Revolution Again will be helping to lead the charge.

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The True Terrorist Threat

For the last 6+ years, we heard how we need to fight the "war on terror". First we started in Afghanistan before moving into Iraq. This was done in an effort to hunt down and kill those who meant to do the American people harm. I agree that you cannot negotiate with these nuts, so kill them. They are willing to die for their beliefs so it is up to us to accommodate them.

However, they are not the truly terror that most Americans face. There is an organization that is far more powerful and destructive than anything outside our borders. It is the government, specifically, the United States Congress. This institution is doing more to harm people than all the attacks on America combined; including Pearl Harbor.

The external terrorists can never win. Our military might is just too great. They might get a few victories such as 9/11. Yet in the end, we will wipe them out. There is literally no where for them to hide that we cannot get to them. Iraq showed that even a government protecting them is no match for the might of our military.

Unfortunately, the same cannot be said for the internal terrorists. This is a group of people who are patient. They wage a war on another front. Violence is not their mode. They utilize thought control. It all started with the indoctrination of young minds in school. Over the last few decades, these terrorists have gain more power over the general population. It is remarkably similar to the tactics used by Adolf Hitler.

Not only did they train young minds to believe a certain way, they also work on the adults by controlling the media. This is another trick used by Hitler. He took control of the media, thus allowing him to take over Germany without firing a shot.

What is this threat going to do to you? It will grow in size and scope until it controls every aspect of your life. If you question this, please explain your position on personal privacy. It does not exist anymore. Do you have representation or are you just getting taxation? These are ideas which you need to think about.

Each time a politician tells you about the threat from the terrorists outside our border, think about this article. How come nobody is mentioning the terrorists in Washington, D.C.?

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