Politicians will never stop the debt madness!
Ron Paul Bashes Debate “Lets Talk About The Economic Crisis”
Ron Paul Update
We can return to a limited government & free market constitutional principles by voting for Ron Paul or support the continuation of the big government, big spending status quo by voting for Mitt Romney. Choose wisely!
Iceland forgives mortgage debt of its population. (May 8, 2012) Total Media Blackout
The National Debt and Federal Budget Deficit Deconstructed - Tony Robbins
Ron Paul Examines Federal Reserve Bailout of Eurozone
George Carlin: The Illusion Of Choice
This Is Why Ron Paul Talks About The Fed Like He Does
We cannot talk about fiscal responsibility while spending trillions on occupying and bullying the rest of the world. We cannot talk about the budget deficit and spiraling domestic spending without looking at the costs of maintaining an American empire of more than 700 military bases in more than 120 foreign countries. We cannot pat ourselves on the back for cutting a few thousand dollars from a nature preserve or an inner-city swimming pool at home while turning a blind eye to a Pentagon budget that nearly equals those of the rest of the world combined.
Ron Paul “They’re Debasing The Currency! They want to do this to Liquidate the Debt”
Obama In 2008 Says Adding $4 Trillion To National Debt “Unpatriotic”…
Although the national debt under President Barack Obama has increased $4 trillion since he took office in 2009, as a presidential candidate in 2008 Obama criticized then-President George W. Bush for adding $4 trillion to the national debt, saying it was “unpatriotic” and also “irresponsible” to saddle future generations with such a large national debt.
“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.
“That’s irresponsible. It’s unpatriotic.”
However, in less than three years in office, Obama has driven up the national debt by many times $4 trillion himself.
CITIZEN PETITION - Opposing The Unconstitutional Debt "Super Committee"
PLEASE SHARE & REBLOG!!!
Petition Sponsor: Grassfire Nation
House and Senate leaders have announced the 12 members of the Dirty Debt Deal “Super-Committee†tasked with identifying $1.5 trillion in deficit reduction over the next 10 years before the debt ceiling can be increased again. Just one problem: This super committee is at best a legislative mockery and at worst unconstitutional!
- The Super Committee creates a mini “super†Congress whose conclusions will be put on the fast track for approval without any opportunity for our elected officials to revise or amend.
- The Super Committee’s conclusions must come up for an “up or down†vote with no opportunity for Senate filibuster. Majority rules!
- Seven members of Congress (including Senators) have been empowered to raise taxes when the Constitution stipulates that all revenue bills must originate in the House.
Sign the Petition To Protect Your Constitutional Rights!
Grassfire Nation has launched a nationwide CITIZEN PETITION to give grassroots Americans the opportunity to express their outrage and concern over the unconstitutional Debt “Super Committee.†Please sign the petition and then alert your friends.
The Petition States:
As a citizen of these United States, and pursuant to my constitutional right to “petition the government for a redress of grievances,†I am publicly declaring my opposition to the recently formed 12-member Debt Super Committee. This committee is at best a legislative mockery and at worst unconstitutional. It super-empowers a handful of members of Congress with powers and responsibilities that should reside with my Senators and representative. I am calling for the immediate abandonment of the Debt Super Committee and for the issue of debt reduction to be returned to the People and our Representatives.
The Debt Ceiling Deal: U.S. Continues its Collapse
So the debt ceiling was raised and we’ve avoided what Obama warned would be “economic Armageddon.” Phew. That was close. Now we can dig ourselves further into the hole that brought us here to begin with, and not deal with this again until 2013.
If there’s anything that’s more of a sham than the “economic recovery” we are experiencing, it’s the debt ceiling bill that was passed. Let me be clear: The Budget Control Act does not contain ANY spending cuts. Instead, the federal government will only be spending less than they had originally planned. The “cuts” are not from our current spending amounts, but our projected spending increases. Any cuts are illusory. This is their definition of a cut. The Cato Institute confirms this, saying:
“The budget deal doesn’t cut federal spending at all. The ‘cuts’ in the deal are only cuts from the Congressional Budget Office’s ‘baseline,’ which is a Washington construct of ever-rising spending…The federal government will still run a deficit of $1 trillion next year. This deal will ‘cut’ the 2012 budget of $3.6 trillion by just $22 billion, or less than 1 percent.”
Analysts are also speaking out and confirming that the deal will have little economic impact.
“The so-called ‘immediate’ spending cuts of $917 billion do of course not begin this year. And they barely have an impact in 2012 or 2013 either.”
“In a $15 trillion economy, the impact… is negligible.”
“It will save the US government from defaulting on its obligations to pensioners and others. But it does not address the long-term fiscal challenges facing the nation.”
This hasn’t stopped Defense Secretary Leon Panetta from whining about the spending “cuts” for the military, when in reality it has been shown that the Pentagon will really be receiving $50 billion morethan what they had been expecting over the next decade.
The deal only serves to preserve the status quo and allow the government to continue accruing massive deficits and debt. Even before the debt ceiling was raised, the Treasury announced it would issue $331 billion in debt this quarter, a 75% increase from the $190 billion of the previous quarter. And that’s exactly what is already happening. In just one day on Tuesday, the Treasury issued $238 billion in debt, 68% of the $400 billion that the debt ceiling was raised by. This took the federal debt to $14.58 trillion. Being that our GDP for 2010 was $14.53 trillion, this means our debt-to-GDP ratio is now 100%. Our debt has exceeded the size of our entire economy. Reaching the 100% mark is not something to be taken lightly by any means, but it seems that’s what the mainstream corporate media is doing. And now the Treasury has announced it will be borrowing an additional $72 billionshortly.
As if all this isn’t bad enough, the debt ceiling bill has authorized the creation of a so-called “super Congress” — essentially a third house of Congress consisting of twelve Congressmen, that will look for areas to make spending or tax reforms. It then will submit their proposals to the real Congress for a vote. But the proposals will be “fast-tracked” and Congress will have no ability to amend or filibuster them. They may only vote yes or no, and if the proposals are rejected, automatic spending cuts kick in. The creation of this third house of Congress is unconstitutional, undemocratic, and dictatorial. Senator Harry Reid has openly admitted its authority could extend beyond just debt proposals, and may act to put other garbage into law:
“The joint committee — there are no constraints. They can look at any program we have in government, any program. It has the ability to look at everything.”
This “super Congress” will ensure that important decisions on spending, taxes, and entitlements are kept out of the hands of Congress, and in the hands of the carefully selected leadership.
The economic collapse is going along smoothly. The real estate bubble is still deflating with no bottom in sight, and property values fell 4.5% from a year ago. Banks are now simply bulldozing foreclosed homes rather than attempt to sell them. Both China and Russia are criticizing U.S. debt, and considering a move away from the dollar as a primary reserve currency. Putin says we are “leeching on the world economy.” The manufacturing and service sectors are both slowing. The Dow Jones Industrial Average just lost 507 points in one day. Gold is hitting all-time highs, meaning the dollar is becoming even more worthless. Major credit rating agencies are warning they might downgrade their rating of U.S. debt, which would mean borrowing would be much more costly. Real unemployment isabove 22%. Real inflation is at 27%, with another round of quantitative easing money-printing from the Federal Reserve becoming more possible every day. GDP growth for the first half of the year wasless than 1%, and only 0.4% for the first quarter.
Even the New York Times is having to admit that a double-dip recession “may be happening.” Yeah, no shit. The recession never ended, we’re in a depression. And every indicator promises it will only get worse.
Ron Paul interviewed on local ABC affiliate 8/16/11
Many who concede we are moving in this direction of war, carelessly believe that the lack of military spending is the problem and insist on new massive military spending as the solution. This only serves the inflationists, the internationalists, the banking elite, and industrialists who benefit from the massive manufacture of military weapons. It ignores the important fact that most military conflicts throughout history have been the consequence of economic events. Economic events, when combined with a foreign policy void of wisdom and fraught with folly, sets the stage for needless war.
