Archive for the 'Budget' Category

Too Socialist for socialists?

Posted by Richard on June 3rd, 2009

You know our move toward a more socialist country is out of control when criticism comes from the former Soviet Union! 

Merge of U.S. and Soviet Ideas

Merge of U.S. and Soviet Ideas

 Socialists mainly share the belief that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital, creates an unequal society, and does not provide equal opportunities for everyone in society. (Wikipedia) This is what I believe to be Obama’s understanding and guiding factor for his vision in his presidency

     An article in Pravda online magazine speaks of our march toward Marxism and blatant this move is. The author, Stanislav Mishin, has written about how American capitalism is dying. Piece by piece it is disappearing.

     Our Government is making moves that are unheard of in a free market society. Some steps involve communist ideas such as common ownership. GM, AIG are examples of this. Others are socialist in nature. Equality for all no matter how hard one works is a central idea here. Marxism , however is leading us into this future that very few people realize or want. Marxism is an economic political theory by which law is considered an instrument of oppression and control, and which the ruling class uses against the working class. (Wikipedia)

     The government is the true ruling class and they are using the rule of law to oppress the way of life in the United States. Our Government officials do not truly represent us anymore. They represent their own political agendas. Our ability to enact change is a smoke screen and the proverbial carrot on a string.  It seems as though the government is getting in business for themselves. The only way they can pay for all these large entitlement programs is to get income from business. Taxes are not enough to feed the insatiable appetite of the larger government programs. Mishin recognizes this. He has been writing on the fall of U.S. Capitalism for some time. In October of 2008 Mishin wrote another article for the Pravda online news outlet. It can be found here at the Information Clearing House.

     His perspective is one of a person who lived in a communist country that was headed toward severe socialism. Now Russia is much more open. They are still a mixture of communism and capitalism, but they are polar opposites of the once massive Cold war Russia. They have embraced the ideas of free market capitalism for the most part. They also involve the people much more in their decision making.  The point, is that they went the opposite direction. We are moving backwards.

     Ex. It is like two cars passing in opposite directions on a two lane road. Russia is driving away from the cliff having climbed out of the cavern at it’s end. The United States seems to be ignoring that fact that the Russian car is driving away. We are driving at the cliff at 100mph.

     Our Driver, evidently knows of an invisible bridge or is completely blind. Hopefully we find out before the bottom of the cavern swallows us whole and China takes over the world.

     A lot of smart people are warning of what is going on and how we are getting there. We are getting there by borrowing from everyone in the world to the point where it is going to be virtually impossible to repay our debts. Glenn Beck is speaking out against these moves daily. Ben Bernanke, our Fed Chairman even said today while at a hearing on Capital Hill, “large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall.” He also said,  “Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth.” (courtesy of Bloomberg) Even if his political views are parallel to the President’s and his administration, Bernanke knows we can not keep the faucet open forever.

     Let’s hope the government heads his warnings. The Fed Chairman was practicing the idea of (CYA) to the American people today! We are in dangerous territory and he is protecting himself.

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What do you think of Peter Schiff?

Posted by Richard on April 9th, 2009

Here is an article posted by economist Peter Schiff at Euro Pacific Capital. Peter is the President of Euro Pacific Capital. I think he hits the nail on the head with his commentary about the steps being taken currently to “fix” the Economic problems. I have seen him numerous times on many different financial television shows and he seems to know what he is talking about. His common sense approach is why I listen to what he has to say.

Article courtesy of: http://www.dollarcollapse.com/

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The Pig Book

Posted by Nicholas on April 7th, 2009

Every year the Citizens Against Government Waste, a non partisan group, releases their ‘Pig Book’ detailing the pork spending.  The one from 2008 was just release and you can get the full version in PDF on their website.

You can also search it by State (Florida Projects $382,964,232, Alaskan $379,699,715), by Party (Democrat $5,453,260,079, Republican $4,383,647,314), by Member of Congress (McCain $0, Obama $89,784,790) and lots of other ways. Just another way to stay informed.

Remember, this is last year’s budget and this year’s budget drawfs it.

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