Blame Tweedledee or blame Tweedledum

Call me a cynic or call me a skeptic; I do not believe the Dems are to blame and the Repubs are the answer. To wit;

Obama's plan to redistribute the wealth is meeting resistance from the filthy rich who are protecting their stash from his efforts to level the playing field by sinking all boats which have resolutely remained afloat despite his efforts to scuttle them. 

His constant rants against the fat cat bankers and the evil capitalists who avoid the taxes they are supposed to pay and pass their fair share of the burdens to the least productive among us has caught the attention of those who are finding the American dream has passed them by, They are content to take their frustration out on the rich until the government finds a way to bail them out again.

Obama is the latest in a long line of presidents who believe the government should be the regulator of the economic endeavors of private citizens and is the least apologetic for his intentions to do so.

It is amazing that the entrepreneurial spirit still has any life at all but it cannot sustain the will to carry on forever against the unrelenting pressure of the state which has the power to regulate, tax and corrupt free enterprise beyond recognition.

Blame the Democrats or blame the Republicans. Blame Tweedledee or blame Tweedledum. Until real change is offered - and accepted - by the voters, they will continue to elect corrupt leaders who promise change but deliver more of the same until the facade of democracy is exposed as a dismal failure, gutted and cannibalized from within.

Justice Department Proposes Letting Government Deny Existence of Sensitive Documents

A longtime internal policy that allowed Justice Department officials to deny the existence of sensitive information could become the law of the land -- in effect a license to lie -- if a newly proposed rule becomes federal regulation in the coming weeks. 

The proposed rule directs federal law enforcement agencies, after personnel have determined that documents are too delicate to be released, to respond to Freedom of Information Act requests "as if the excluded records did not exist." 

Read more: http://www.foxnews.com/politics/2011/10/26/justice-department-proposes-letting-government-deny-existence-sensitive/#ixzz1btz9HtSY

From the "Yes, they are actually going to do that" file: Yes, your government has been lying to you and they feel bad about it. now that they have been exposed.  What to do? Pass a law making it legal for them to lie to you.

A Conspiracy of Counterfeiters

What should be done to high officials of the U.S. government who consciously set out to dilute and destroy the savings and income of working Americans? What should be done to those who have sworn an oath to defend the Constitution and then steal the wealth of citizens by secretly manipulating the value of the currency, the store of wealth upon which those people depend? 

Is inducing inflation – debauching the currency, the systematic and secret theft of the savings of citizens – a legitimate policy option for the Federal Reserve? Has Congress authorized official thievery? 

Who do these economists think they are?

The government is corrupt beyond the point of rehabilitation.

Simple Math

.                Simple Math         

U.S. income: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cut: $ 38,500,000,000  

                 Mind boggling numbers, to be sure.
        But remove eight zeros and look at them as
        a family budget. 

Total annual income for the Jones family: $21,700
Amount of money the Jones family spent: $38,200
Amount of new debt added to the credit card: $16,500
Outstanding balance on the credit card: $142,710
Amount cut from the budget: $385 

  A friend sent this clever illustration of nonsensical federal budgeting, but we don't know to whom to attribute it.  

Spotted this on Wrisley.com today. Budget insanity explained in a nutshell.

You Fix the Budget

Today, you’re in charge of the nation’s finances. Some of your options have more short-term savings and some have more long-term savings. When you have closed the budget gaps for both 2015 and 2030, you are done.

We saw this today on Glen Beck - I know, but occasionally he offers some good info. This time it's from the NY Times - I know, but this time it's a good graphic to show you what we're up against in cutting spending. Check it out.

We're Gonna Cut Spending...No, Really, We Are

ITEM:  The President ordered the cabinet to cut a whopping $100 million from the $3.5 trillion federal budget!      EverBank's Chuck Butler responds: "I'm so impressed by this sacrifice that I have decided to do the same thing with my personal budget. I spend about $2000 a month on groceries, medicine, bills, etc, but it's time to get out the budget cutting ax, go line by line through my expenses, and go to work.      "I'm going to cut my spending at exactly the same ratio -1/35,000 of my total budget. After doing the math, it looks like instead of spending $2000 a month; I'm going to have to cut that number by six cents!      "Yes, I'm going to have to get by with $1999.94, but that's what sacrifice is all about. I'll just have to do without some things, that are, frankly, luxuries."  Daily Pfennig

← Butler makes a good point.  The talk of cutting the federal budget is a joke.  It amounts to peanuts.  Even Senator Rand Paul's $5 billion cut recommendation is a drop in the bucket, too.

John Wrisley points us to the lack of serious consideration of spending cuts by the administration and Congress.

Richard Daughty on the Fiscal and Monetary Insanity of the Whole Freakin' World

So I wondered "How can I make a lot more money without, you know, working? For example, how did the guys who got in first, or got out first, know to get in, or know to get out? What, what, what did they know?"

Naturally, I turned to economics, and started with the usual college textbooks and bookstore offerings, all centered around that Keynes crap that they teach almost everywhere, which I found both logically incomprehensible and (my suspicions having been vindicated QED) a Big Stinking Load Of Crap (BSLOC)!

Then, one happy, lucky day, flailing around as I was, lost in the darkness of modern economic Keynesian econometric stupidity, I stumbled upon the Austrian Business Cycle Theory, I forget how or where, but probably Hazlitt's "Economics in One Easy Lesson," and then it was Rothbard, Hayek and Mises from then on!

An interview with the zany (but intriguing) Mogambo Guru.

Ike Warned Us

50 Years Ago Today

Eisenhower warned in his Farewell Address in 1961 that the United States should not become a "garrison state," but 50 years later we have developed a garrison mentality with unprecedented military spending; continuous military deployments; exaggerated fears with regard to "Islamo-terrorism" and now cyberwars; and exaggerated aspirations with regard to counterinsurgency and nation-building. Eisenhower understood that the military-industrial complex fostered an inordinate belief in the omnipotence of American military power.

Hu Highlights Need for U.S.-China Cooperation, Questions Dollar

Some of Mr. Hu's most significant comments dealt with the future of the dollar and currency exchange rates.

"The current international currency system is the product of the past," he said, noting the primacy of the U.S. dollar as a reserve currency and its use in international trade and investment.

The comment is the latest sign that the dollar's future continues to concern the most senior levels of the Chinese government. 

Uh oh. China has caught on the Federal Reserve's shenanigans and is calling for a change in it's monetary policies. The Fed has overseen the demise of the dollar since 1913. China owns a lot of them and is in position to dictate terms on future US monetary policy. Geithner and Bernanke should pay attention to Mr. Hu's words and  not be fooled by his good manners and charms.

Darwin Was Right

Note that China has that perfect government, an intelligent dictatorship concerned with advancing the country. The American government consists of self-interested lobbies and Wall Street looters. China is run by engineers, America by lawyers. Watch. 

The US is midway through an inexorable suicide. If a country does not manufacture things, it does not have an economy, and manufacturing has fled American shores. Ship-building, steel, consumer electronics, railroads: gone.

"I'm angry. Waste always makes me angry and that's what this is, sheer waste!" ~ Rhett Butler

Fred watches America's decline from his aloof accommodations in Mexico.

10 Things That Would Be Different If The Federal Reserve Had Never Been Created

So how would America be different if we could go back to 1913 and keep the Federal Reserve Act from ever being passed?  Well, the following are 10 things that would be different if the Federal Reserve had never been created....
#1 If the U.S. government had been issuing debt-free money all this time, the U.S. government could conceivably have a national debt of zero dollars.  Instead, we currently have a national debt that is over 14 trillion dollars.
#2...

What might have been had the Fed never existed....

New Congress, Same Old Leviathan

We’ve all heard various political pledges to “cap” or “reduce” U.S. federal spending from many of the 64 new GOP Congressman and seven new GOP Senators elected last November, many of whom were bolstered in their campaigns (and rhetoric) by the “tea party” movement. But don’t expect such cuts to occur. U.S. federal spending will be greater in the coming year than it was in 2010 — and greater still in 2012 than it will be in 2011. Why? Not a single one of the principal programs or institutions of the current-day welfare-warfare state will have been altered in any material way, least of all by the Bush-like “compassionate conservatives” who continue to dominate GOP leadership.

Expect more of the same from the new Congress says Richard Salsman.

“Toning Down The Rhetoric” Means Obeying Big Government

Despite the fact that Jared Lee Loughner was a psychotic loner with “left-wing” beliefs according to those who knew him, the establishment has hastily exploited yesterday’s tragic shooting in Tucson to demonize conservatives, libertarians and gun owners while ordering Americans to “tone down the rhetoric,” which is nothing more than a euphemism for stifling dissent and coercing people to roll over on Obamacare, bailouts and whatever big government is preparing to unleash next.

At the risk of being accused of aiding, abetting and condoning violence, we will maintain our defense of free speech, gun rights and Austrian economics in the wake of the tragic events in Tucson, AZ.