How much debt is too much debt? We are beginning to find out. The dollar has been collapsing recently. Today Gold and Silver are shooting through the roof. As the debate over government shutting down heats up, many will point to these events as proof of what will happen if government shuts down. This is merely kicking the can down the road. The dollar is collapsing, and whether it happens fast or continues its slide into irrelevant slowly, the end game is the same. We need to jump on this ASAP, and cut the debt fast. The US will not lead if it has no money.
Liberal policies and conservative war mongering has come home to roost, spending what you don’t have by definition comes to an end. I am not an expert, but it doesn’t take an expert to open your eyes, and realize things we buy everyday cost far more than any raise any of us have received the last 10 years.
People need to realize a dollar is only worth what it buys, and as the Fed prints and Government spends, our savings is being destroyed. Once the real wealth is wiped out, just like in a household, the standard of living will drop next. We need to wake up quick and stop this madness.
The tragedy down in Mexico is all over the news, and so far I have yet to hear why the heck are ICE agents even in Mexico? Last I checked Mexico is its own sovereign country, and are not part of the US territory. I don’t have a position on this yet, but I am trying to figure out what role are they supposed to be playing down there?
The War On Drugs has been a disaster, arming the enemy with the money and profits to become dangerous. The government can no longer protect us from the black market the government has created.
This week, a few big college football teams announced that they will switch conferences. Some pandering politicians don’t accept that:
“Sen. Chuck Grassley (R-Iowa) … said his staff is exploring options through nonprofit and antitrust laws to approach the realignments.
‘I’m concerned about what’s happening the Texas universities and the PAC 10 and what would possibly be leaving some Big 12 teams out in the cold,’ Grassley said in a Wednesday conference call. ‘All I can tell you is my staff’s looking into what can be done from a non-profit, anti-trust standpoint.’”
When will Congress realize private sports leagues are none of their business? Amazingly, big government fan Senator Tom Harkin (D-IA) seems to get it:
“I just don’t know if this is a proper place for Congress to get involved…”
Those words are wonderful to hear from a Democrat. Oops — then Harkin finishes his sentence:
“…unless there is something dealing with anti-trust or something like that, like interstate commerce.”
By Matt Hawes
Latest press release from Dr. Paul’s congressional office:
Paul Urges a Full and Complete Audit of the Federal Reserve
Conferees to the Financial Reform Bill have an Opportunity to Demand Full TransparencyWashington, D.C. - House Conference Committee members, which will reconcile the House and Senate versions of the financial reform bill, have been announced. Congressman Paul is pleased to note that 15 out of 31 total conferees are cosponsors of HR 1207, his bill to audit the Federal Reserve Bank.
The House-passed version of the financial reform bill contains the basic language of HR 1207 (in the Paul-Grayson amendment). However, a similar amendment offered by Senator Vitter to the Senate version was rejected by the Senate. Thus, it is essential that conferees consider adding the undiluted language of the Paul-Grayson amendment when reconciling the Senate and House versions of the Financial Reform Bill. Only the full language of the Paul-Grayson amendment will insure a thorough, complete, and ongoing audit of the Fed.
“This Financial Reform bill is set to grant sweeping new powers to the Federal Reserve, which has made a mess of our economy. If my colleagues insist on expanding the power of the Fed, the very least they can do is require the Fed to be transparent rather than secretive in its actions,” stated Congressman Paul. “Luckily, many of the conferees already have demonstrated their concern about transparency by cosponsoring HR 1207, and hopefully those conferees will insist on full transparency in the conference report.”
The House Conferees are: (Democrat/Republican) Representatives Frank, Kanjorski, Waters, Maloney, Gutierrez, Watt, Meeks (NY), Moore (KS), Kilroy, Peters, Peterson, Boswell, Waxman, Rush, Conyers, Berman, Towns, Cummings, Velazquez, Shuler, Bachus, Royce, Biggert, Capito, Hensarling, Garrett, Lucas, Barton, Smith (TX), Issa, and Graves.
Presentations on the Budget and Economic Outlook – The Prosperity Caucus was described in a recent article in The Hill newspaper as a group founded in 1986 with the purpose of “gather[ing] libertarian-minded economists, Hill staffers and academics … to hear someone talk about the …
A Voluntary FDA would lower health care costs and give us access to better service and products. For argument and research sake, I really recommend everyone watch Stossel and see how the FDA Kills far more than it saves.
The best point made is when a new drug is approved and everyone celebrates how it will save 50,000 people a year. That means that for the 15 years of testing, it killed 750,000 by not being available.
The FDA should be voluntary just like Underwriters Laboratories or UL. Who are they? Look at nearly every single thing you plug in to the wall that is more than just a wire. That charger is UL tested. Everyone does it even though it is completely voluntary.
If the FDA were voluntary, anyone wanting only FDA approved would have that option. It would be the Gold Standard of approvals. If you are willing to go without the FDA it is your choice, some will some will not. By having different voluntary levels of accreditation would allow us to judge how thoroughly tested it has been. Liberals read this and say, “I would be smart enough to make a good decision but others are not”.
Matt
http://talkofliberty.com
I have been watching the country get driven into socialism and crushed further into debt. So now on TV they (conservatives) are saying it is going to be up to the Republicans to get voted in and save us all from socialism this November. My question is what has a Republican done to shrink government? I do not believe in Republicans anymore, they have failed me.
In my life I have seen bigger government and more spending each every step of the way with Republicans. You have Republicans like Scott Brown who votes for jobs bills spending more Keynesian spending that has never worked in history. How will Republicans cut spending and balance the budget?
Republicans still believe in the Laffer Curve from the Reagan days. The biggest misconception with the Laffer Curve is not that lower taxes are better, instead the Laffer Curve is a tool to figure out what the maximum tax rate the government can get away with. Common sense says a tax rate of 0 would be best economically. Yes I understand we do need government and military, but the point is we need a smaller government not the largest one we can get away with.
Are Republicans willing to balance the budget in 2012 if they win the majority back? Are they willing to cut the military spending in half? Can a single Republican tell me how they will balance the budget and or what they would be willing to cut? I have not found a single one who can. Republicans may be a big winner in November, but unless we get leaders like Governor Chris Christie who is taking the Unions head on and slashing spending, we will continue down the road to serfdom.
I saw Sean Hannity stumped when asked what would he cut from the budget, yet he is the first to say he hates deficits. I am skeptical the Republicans will practice what they preach.







