Posted in Constitution, Corruption and/or Public Mind Control, Declaration of Independence, Democratic Party, Economic Collapse, Financial Crisis, Freedom, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Public Concerns, Recession / Depression, Republic, Revolution, Second Amendment, Senate, Social Security & Medicare, Social Security and Medicare, Stock Market, The Federal Reserve, The Matrix, Trilateral Commission, U.S. Government, United Nations, Universal Health Care, congress, dads, economy, fathers, gun rights, pork barrel, rights, taxation on Aug 19th, 2009 1 Comment »
The council continues: “Contrast that 63 percent growth in a decade and a half with what happened over the next three decades: Between 1969 and 2000, the GDP grew by 160 percent, but the median family income grew by only 13 percent – eleven times slower.”
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Posted in Bailouts, Constitution, Corruption and/or Public Mind Control, Declaration of Independence, Democratic Party, Economic Collapse, Election, Financial Crisis, Freedom, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Public Concerns, Recession / Depression, Republic, Republican Party, Revolution, Senate, Stimulus, TARP, Tea Party, The Federal Reserve, The Matrix, Trilateral Commission, U.S. Government, We The People Congress, congress, economy, rights, stimulus bill, stimulus package, taxation on Jul 9th, 2009 No Comments »
Because of this awesome power to create money out of thin air, the Fed has jumped in to stabilize ailing financial firms by pledging over $7 trillion through various guarantee programs and credit facilities. This is equivalent to over half of the entire nation’s GDP. Over $1 trillion of this is already in play, propping up banks and other institutions that should be allowed to fail. All of this has taken place with no oversight by Congress. The Fed was created by Congress, and it is unconscionable that we have allowed it to act in such a way without our oversight. Currently the Federal Reserve’s credit facilities, open market operations, and agreements with foreign governments and central banks are all exempt from any sort of audit or oversight. Earlier this year I introduced the Federal Reserve Transparency Act, HR 1207, that would remove all restrictions on Federal Reserve audits and call for a f ull audit of the Federal Reserve System to be completed by the end of 2010. At this writing, 245 of my fellow Congressmen have cosponsored this bill and we hope to have hearings in the near future. In the Senate, Republicans Jim DeMint, Mike Crapo and David Vitter have cosponsored S. 604, companion legislation introduced by Bernie Sanders. I am very encouraged by the tremendous growing momentum on Capitol Hill.
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Posted in Economic Collapse, Energy, Financial Crisis, Freedom, Global Warming and Climate Change, Income Taxes, Inflation, Lobbyists / Special Interests, Marinette, Menominee, Michigan, Peshtigo, Public Concerns, Recession / Depression, Senate, U.S. Government, United Nations, congress, economy, taxation on May 24th, 2009 No Comments »
Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) modified their global warming proposal from the draft version published on March 31. For the most part, the changes focused on the distribution of the allowance revenue–the equivalent of tax revenue.
There was also a slight easing of targeted emissions reductions for 2020, which resulted in a marginally lower economic impact. However, the new distribution of allowances created a less efficient pattern of government expenditures and more than offset the gain from the lower cap for 2020.
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Posted in Revolution on Apr 4th, 2009 No Comments »
American people, look at what these Socialist / Commie European Main Stream Media nut cakes are writing in the United Kingdom. Look how they want to absorb the world into “free stuff” that HAS CAUSED ALL of THE economic and social problems we have in America. Free Government Stuff, like free Social Security and Medicare which is already OVER $90 TRILLION Dollars in UNFUNDED liabilities, over the infinite horizon, that we and our posterity are going to have to pay for in the form of 80+% withholding taxes from our earnings in the VERY NEAR future. In ADDITION to the 80% withholding for Social Security and Medicare ALONE, what about all of the other programs and services(?) the U.S. Government is spending money on like TARP, TALP, all sorts of “stimulus” packages and the multitudes of other programs and departments that spend our tax money? How high are our taxes on our earnings going to be with in two years or so? Perhaps 90% of our common middle class paychecks?
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Posted in Bailouts, Constitution, Declaration of Independence, Energy, Financial Crisis, Freedom, Global Warming and Climate Change, Government Corruption, Income Taxes, Inflation, Lobbyists / Special Interests, Marinette, Menominee, Michigan, Peshtigo, Public Concerns, Public Schools, Republic, Republican Party, Revolution, Senate, Stock Market, TARP, The Federal Reserve, The Matrix, Trilateral Commission, U.S. Government, United Nations, WI, We The People Congress, Wisconsin, congress, economy, pork barrel, rights, stimulus bill, stimulus package, taxation on Mar 5th, 2009 1 Comment »
Glenn Beck reported on March 3, 2009 that the the Cap-and-Trade Program in Europe was an extreme detriment to their economy and is having a dramatic impact on their economy and is a significant apart of the reason for the loss of jobs and resulting in otherwise prosperous individuals to become poor and bankrupt. These people are losing their homes and having a hard time to pay for food and other needs because of the increased costs on all products and services resultant from significant taxes and costs resultant directly from Cap-and-Trade. The Europe Cap-and-Trade also resulted in limiting NO carbon emissions but did limit business profits and economic growth of jobs and wages.
The Marshall Institute using sources like M.I.T. and the E.P.A. and found that the Cap-and-Trade program proposed by The U.S. Congress and the B.O. Administration, which is SPEEDING its way to passage by our Congress RIGHT NOW, would result in a GDP loss from 0.3% up to 3.0% below the normal business projections in 2015!
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Posted in Bailouts, Financial Crisis, Income Taxes, Inflation, Stock Market, TARP, The Federal Reserve, U.S. Government, congress, economy, taxation on Jan 30th, 2009 3 Comments »
GDP report expected to show economy late last year logged worst performance in more than a quarter century.
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With most of the rebate checks cashed, it is obvious the plan failed, he said. Consumer confidence in the economy was not boosted by this fiscal bailout idea.
Instead, the rebate plan backfired. It only added about $20 billion to consumer spending, while about $80 billion was added to the national debt.
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