What Is The Bailout Plan Costing You?
October 6, 2008 by Capt. Karl
What Is The Bailout Plan Costing You?
http://www.bloggingstocks.com/2008/09/23/what-does-the-bailout-plan-cost-you/ Bernanke warned that a recession might come if the bailout plan did not pass.
· $700 billion cost of proposed plan
· 305 million estimated number of Americans
· $2,295 estimated cost per American
· 151 million estimated workforce (excludes retirees, kids, etc.)
· $4,635 per working American
· $13.8 trillion estimated US gross domestic product
· 5.1% cost of bailout plan in one year’s domestic product
· 13 days each American has to work to pay off bailout plan (5% of a year) PLUS all our other taxes and, soon to come, $90 TRILLION Dollar UNFUNDED liabilities, over the infinite horizon, for JUST Social Security and Medicare ALONE. Who do you think is going to end up paying, far more than we do already, for that?
Here are pictures http://www.bloggingstocks.com/2008/09/23/what-does-the-bailout-plan-cost-you/?feeddeeplinkNum=0 to help you visualize what is happening to us as a result of all the things you hear or read from the media, like the drop in home prices, locked up national and international credit markets and all the other verifiable things, but the one thing you MUST KNOW is that ALL THESE are only symptoms of a Constitutionally contemptuous U.S. Congress and a Federal Government that was not only NOT intended to be the humongous size it it, but it, the Federal Government, according to the laws of The Constitution, has ONLY “ENUMERATED” powers which means it is only allowed to do a very small list of things. But, individual State Governments, conversely are supposed to be huge and take care of all the things that a very small Constitutional behaving Federal Government can’t do. The reason that our Constitution and our Government was fashioned this way, by our very wise founding fathers, was so that these sorts of things with our economy wouldn’t be able to happen, we would largely remain INDIVIDUALLY prosperous and secure our freedom.
‘The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.’; and Whereas, the Tenth Amendment defines the total scope of federal power as being that specifically granted by the Constitution of the United States and no more; and whereas, the scope of power defined by the Tenth Amendment means that the federal government was created by the states specifically to be an agent of the states; and Whereas, today, in 2008, the states are demonstrably treated as agents of the federal government; The States of America must claim sovereignty under the Tenth Amendment to the Constitution of the United States over all powers not otherwise enumerated and granted to the federal government by the Constitution of the United States. That this serve as Notice and Demand to the federal government, as our agent, to cease and desist, effective immediately, mandates that are beyond the scope of these constitutionally delegated powers.”
What does the above mean to you? It means that the IRS can not take our money, out of our paychecks, to pay for things that are not “ENUMERATED” and therefore are against THE LAW for the U.S. Government to do. For example take your money out of your paychecks, next year, to give to the owners of The Federal Reserve, for them to give to their friends, associates and anybody who they “force” through financial coercion to obey their will. It means you will be able to keep your earnings for yourself and your family. It means the owners of The Federal Reserve will not be able to force the U.S. Government to steal our money right out of our checks in “Federal Withholding”. It means that the U.S. Government will not be able to steal money out of your paycheck, while suffering the imminent depression, to give to others.
President Bush took to the airwaves address the nation on the current financial crisis and explain the aims of the bailout package passed in Congress which will result in significant increases in federal withholding from weekly earnings.
Considering that the international markets are all crashing down today and thousands of banks across the globe are failing, it appears that Congress taking $700 Billion from our paychecks that we haven’t even made yet was futile, as The Liberty Tree Lantern has been forecasting.
What if the U.S. Congress takes so much money out of our paychecks that we become so poor that a large number of Americans feel that it is better to drop The Constitution and freedom for the perceived “Governmental” guarantee of Socialism? And, what if that Socialism is sold to us in a way that our Congress tells us that becoming a one world government is the only way out of this mess, for the good of “The Masses”?
You better think about it, because this “Final Ultimatum” to Americans may be soon in coming. Very Soon!
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