The late Noble Prize winning economist Milton Friedman once stated:
“When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it…And when a man spends someone else’s money on someone else, he doesn’t care how much he spends or what he spends it on. And that’s government for you.”
Continue reading “Los Angeles Government Creates Only 55 Jobs with $111 Million “Stimulus”” »
(AFP) – Oct 8, 2010
The 2009 American Recovery and Investment Act authorized one-time 250 dollar payments to about 52 million people, totalling 13 billion dollars.
But an inspector general’s investigation found that more than 71,000 of the checks — worth 18 million dollars — went out to people who had died.
Another 4.3 million dollars were sent to more than 17,000 people who were in prison and were either ineligible for the payment or were not supposed to receive them until after they were out of prison.
Independents largely side with Republicans in denouncing big government
A recent Gallup Poll reveals what the Libertarian Tea Party movement expressed before being hijacked by the Republican Party corporate media. Big government—Obamacare, Medicare, Social Security, the Federal Reserve, FBI, Patriot Act, etc.—are all unconstitutional and wrong. The Gallup organization now reveals that regular old non-terrorist are coming to the same conclusion.
The Gallup Poll reveals that 59% of Americans feel the government has too much power rising 8 points from last year. 58% believe that the government is doing too much that should be left to the individual and businesses.
Reading the Constitution, one would know that the powers granted to the government are actually limited. Congress, however, during the Wilson administration started destroying the country by giving control of our wealth to a cabal of private bankers. Franklin Roosevelt started the government grab of industry and control the the “rights” that they spoon out to the people.
SEE ALSO: Washington’s Blog
More Quantitative Easing = Backdoor Bailouts For The Big Banks Without Having To Go Through Congress
The U.S. Federal Reserve is getting ready to conduct another gigantic bailout of the big banks, but this time virtually nobody in the mainstream media will use the term “bailout” and the American people are going to get a lot less upset about it. You see, one lesson that was learned during the last round of bank bailouts was that the American people really, really do not like it when the U.S. Congress votes to give money to the big banks. So this time, the financial “powers that be” have figured out a way around that. Instead of going through the massive headache of dealing with the U.S. Congress, the Federal Reserve is simply going to print money and give it directly to the banks. To be more precise, the Federal Reserve is going to use a procedure known as “quantitative easing” to print money out of thin air in order to purchase large quantities of “troubled assets” (such as mortgage-backed securities) from the biggest U.S. banks at well above market price. Some are already openly wondering if this next round of quantitative easing is going to be the biggest bank robbery in history. Most Americans won’t understand these “backdoor bailouts” well enough to get upset about them, but that doesn’t mean that they won’t be just as bad (or even worse) than the last round of bailouts. In the end, all of the inflation that this new round of quantitative easing is going to cause is going to be a “hidden tax” on all of us.
Historians tell us that by the very end of the Roman Empire, goods were pouring into Rome from all over the known world, but about the only thing being sent out of Rome was human waste and garbage. America has not yet reached that point, but we are certainly well on our way. In 2010, the number one U.S. export to China is “scrap and trash”. Yes, you read the correctly. The number one thing that China buys from us is our garbage. According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment (nearly $50 billion) while our number one export to them is waste paper and scrap metal (approximately $8 billion). When it comes to world trade, China is literally wiping the floor with the United States. In August, the U.S. trade deficit with China set a new one month record of $28 billion dollars. Our insane trade policies are making China (along with several of our other “trade partners”) incredibly wealthy, and the U.S. government ends up begging China to lend that money back to us to fund the exploding U.S. national debt. That just isn’t stupidity – that is insanity.
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