I try really hard to keep this blog “G” rated everyday, but some days are harder than others. Our deficit is $1.5 Trillion dollars for the year. Our national debt is $14 Trillion. Notice there is a difference between the… Read More ›
National Debt
The Federal Government Ponzi Scheme in a nutshell. Economic collapse certainly possible.
The Ponzi Scheme. Bernie Madoff points out the fact that our government is running the best one ever. According to Wikipedia, “A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit… Read More ›
2011 Economic Report: $5 gas, no jobs, no growth, more recession, falling home prices…and now, brace yourself for runaway inflation.
Sorry for the long post but I can’t explain it any shorter and I don’t want to break it into pieces…that said, this is important. It is the canary in the coal mine. On The Peter Schiff Show last week,… Read More ›
Obama claims Unicorns do exist! They must have wrote his budget plan.
Obama claims that his recent budget proposal will make it, “so that every American is equipped to compete with any worker anywhere in the world.” That requires economic growth and prosperity which is everything Obama’s ridiculous budget does not do…. Read More ›
Ron Paul versus the Federal Reserve: Round 1
Ron Paul finally gets a chance to take a long hard look at all the evils the Federal Reserve’s been up to, and tell us. There isn’t anyone I would trust more to take on this task. The legislative, judicial… Read More ›
Obama’s $100 Million Versus The Tea Party’s $15.6 Billion – Earmarks Need to Go Away
Newly elected conservative politicians have decided to propose a moratorium on earmark spending; an excellent idea. Other politicians claim banning earmarks won’t make a dent in the federal debt. But Obama, who promised to provide more transparency in government spending,… Read More ›
Omaba Lovers, Here’s Your Post – The Tea Party Test
I see Obama fan bumper stickers from time to time and I really wish I could talk to these individuals. I want to know why they believe that more government, is better government? I want to ask them what country… Read More ›
U.S. Debt Is More Than All the Money in the World
Kevin Williams over at the National Review wants to remind us that, “we are in trouble.” Forbes, in a 2008 article put the entire present and future U.S. debt obligation at $70 trillion. In 2008, the entire output of every… Read More ›
Obama’s New Plan – Avoid Working and “Earn” Between $52,000 to $76,000 A Year
Obama has come up with a new plan to save the economy. The following are instructions on how to make the equivalent of between $52,000 and $76,000 (or more) for at least two years, and possibly up to six years… Read More ›
Democrats Bold-Faced Lie About Bush Tax Cuts Expiration
Democrat Majority Leader Caught In Outright Lie Democrats must be assuming you and I are too stupid to figure this one out. This is unbelievable. What’s next, the sky isn’t blue? Back in 2001, George Bush proposed and enacted a… Read More ›
Monetary System Collapse
From The Market Ticker
Foreclosed Homeowners In California Get $100,000 To Pay Their Mortgage
As reported today by the Sacramento Bee, The federal government has stepped in to help California homeowners in foreclosure by confiscating $420 million from taxpayers all over the country to assist overextended home debtors who bought homes they couldn’t afford… Read More ›
$1.8 Billion Spent At Casinos By Welfare Recipients & Prisoners Collect $9 Million From The Homebuyer Tax Credit
In discussions with people about the pros and cons of welfare and other social programs, my biggest argument against such programs is the rampant fraud. Today, U.S. News reports that the IRS uncovered $27 million in fraudulent claims from the federal “home buyer tax credit,” including a four… Read More ›
Negative Savings Rate Reaches Great Depression Level
“Government deficits have caused the U.S. savings rate to turn negative for the first time since the Great Depression…” ~Bloomberg This is a good example of why government stimulus sounds good on paper, but does little to help the economy…… Read More ›
$12,000,000,000,000
That’s what we owe. Let’s be clear. We consume more than we produce. Our entire country is running off a credit card called China. If China stops lending to us, our debts come due and we are in serious trouble. … Read More ›
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