Wednesday, September 5, 2012
|
| TODAY'S HEADLINES: |
RECENT NEWS YOU MAY HAVE
MISSED:
|
| NEWS FROM OTHER MEMBERS OF THE LIBERTY ALLIANCE: |
Zionica News
Budget Deficit: It’s Not $16 Trillion — It’s $222 Trillion
by No matter who becomes president in November, he’s going to be confronted with a huge fiscal storm that no levee or dam will be able to hold back the flood waters of an insurmountable and unfathomable debt.
In his review of Dinesh D’Souza’s film 2016: Obama’s America, Dr. Gary North notes that there are at least three important topics that the film does not address. One of them is the real deficit that no one wants to talk about.
First, the deficit is vastly worse than
the movie portrays. The movie sticks with the non-issue:
the on-budget
debt of $15 trillion [now $16 trillion], which is chump change, while
never mentioning the central problem: the $222 trillion present value of the unfunded liabilities of the off-budget deficit,
meaning the deficits of politically sacrosanct Social Security and
Medicare.
This is the heart of the federal government’s highly
entertaining Punch and Judy show over the deficit, with Paul Ryan as
Punch and Obama cross-dressing as Judy.
While presidents bear some responsibility for the deficit crisis, spending bills originate in Congress. The President proposes, but the Congress disposes. Congress could say no to every spending bill proposed by the President, but it (mostly) chooses not to. Every congressman knows that spending bills buy votes. Bought votes keep them in office.
Some future generation will get the bill. Congress hopes that they can stay in office just long enough so they won’t get blamed for the fiscal crisis that is inevitable.
Ron Paul always was right for 36 years in
not pointing to the President as the main economic problem, but rather
the Federal Reserve System. So, any documentary that does not go after
the Federal Reserve when it talks about economic problems, but blames
the President instead, and also ignores Congress, is doing the general
public an enormous disservice. It keeps the Federal Reserve in the
background in the thinking of the viewers, when the Federal Reserve
ought to be in the foreground, with the presidency in the background.
This is basic economics. D’Souza does not know what he is talking about
with respect to economics.
Republicans imply that a $200 billion cut each year for ten years will get us back on track. They’re both wrong since the interest alone for the ten-year period will be in the trillions in addition to proposals for new spending and automatic increases.
Democrats want to convince voters that taxing the rich will fix the deficit problem. It won’t make a dent in it. All it will do is plunge us further into recession. Establishment Republicans are fearful in telling the truth about the deficit and the systemic changes that are needed because they will be voted out of office.
It’s going to take strong leadership and a willing public to take the needed medicine.
Big Health Report News
The Conservative Byte
|
| September 5, 2012 |
Conservative Videos
Obama Allows Debt to Reach $16 Trillion |
|
$16,000,000,000,000.00 (That’s $16 Trillion) |
Chuck Norris Threatens ’1,000 Years of Darkness’ if Obama Wins
|
‘Fed Up’ Gingrich Calls Out Media On Extremism In Democratic Platform
|
| What you might have missed... | |
Archive: George W. Bush – 9/11 Bullhorn Speech
|
Ayn Rand Expert Interviewed on The Colbert Report
|
Liberals Will Raise the Abortion Issue as Sure as They Will Raise Taxes
|
Obama Works for China
|
| ConservativeVideos.com is, above all else, a website. We want to be very clear about that. Started in 2012, this website boasts a bevy of features and resources designed specifically to fulfill your every conservative video need and perhaps even a few of your most intimate conservative video desires. Using this state of the art nerd thing called "crowdsourcing," ConservativeVideos.com not only goes out and finds the content you want, but also serves as a platform for you to submit your favorite videos and thereby directly dictate what other viewers should want too. Why do we provide this service? First, because we love you, dear viewer. Second (and much more importantly), because we want to make oodles and oodles of money and eventually take over the world. | |
Vision to America
Vision to America September 5, 2012 Newsletter
|
The TEA PARTY ECONOMIST
The TEA PARTY ECONOMIST
Ron Paul's original staff economist, Dr. Gary North!
The most famous defection from the Buckley wing of the conservative movement was Garry Wills. That was in the late 1960s. But there was another, less famous: a lawyer who reversed course in the 1990s. Yesterday, I received an email from him. It was a response to my article on Obama. I am an attorney... READ MORE
Student Debt Bomb Fuse Is Lit: Just Like Housing Debt
The student loan level is now almost $1 trillion. How big a threat is it? Here is the assessment of the National Council of Consumer Bankruptcy Attorneys. With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including unwary parents who co-signed loans and now face... READ MORE
The Montpelier Manifesto (Sept. 4, 2012)
This manifesto sounds mostly Tea Party-like. It has only one obviously anti-free market provision: Public and private sector labor unions which have been under open attack by the government since the Reagan administration, by hostile anti-union private employers such as Wal-Mart, and more recently by some Republican governors. All the rest is straight Tea Party. ... READ MORE
"The Worst Vote of My Career" — Congressman Larry McDonald (John Birch Society)
In December, 1976, I was a staff member for Congressman Ron Paul. In November, he had lost his campaign for re-election by fewer than 300 votes out of over 180,000. My days as a Congressional staffer were numbered — thankfully. The Democrats in that month elected Tip O'Neill the Speaker of the House. O'Neill was... READ MORE
Facing the MUSIC: The U.S. Army Wants Us
The U.S. Army has a program of drones: the Manned Unmanned System Integration Capability (MUSIC). Here is a promotion video for the program. These drones will eventually be deployed inside the USA. As military control over civilian populations in foreign nations continues, it will be implemented here. This technology cannot be controlled. Older models of... READ MORE
Ron Paul's original staff economist, Dr. Gary North!
Wednesday, September 5, 2012
Left-Wing Lawyer Who Founded the Modern Buckley-Based Conservative Movement Defends ObamaThe most famous defection from the Buckley wing of the conservative movement was Garry Wills. That was in the late 1960s. But there was another, less famous: a lawyer who reversed course in the 1990s. Yesterday, I received an email from him. It was a response to my article on Obama. I am an attorney... READ MORE
Student Debt Bomb Fuse Is Lit: Just Like Housing Debt
The student loan level is now almost $1 trillion. How big a threat is it? Here is the assessment of the National Council of Consumer Bankruptcy Attorneys. With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including unwary parents who co-signed loans and now face... READ MORE
The Montpelier Manifesto (Sept. 4, 2012)
This manifesto sounds mostly Tea Party-like. It has only one obviously anti-free market provision: Public and private sector labor unions which have been under open attack by the government since the Reagan administration, by hostile anti-union private employers such as Wal-Mart, and more recently by some Republican governors. All the rest is straight Tea Party. ... READ MORE
"The Worst Vote of My Career" — Congressman Larry McDonald (John Birch Society)
In December, 1976, I was a staff member for Congressman Ron Paul. In November, he had lost his campaign for re-election by fewer than 300 votes out of over 180,000. My days as a Congressional staffer were numbered — thankfully. The Democrats in that month elected Tip O'Neill the Speaker of the House. O'Neill was... READ MORE
Facing the MUSIC: The U.S. Army Wants Us
The U.S. Army has a program of drones: the Manned Unmanned System Integration Capability (MUSIC). Here is a promotion video for the program. These drones will eventually be deployed inside the USA. As military control over civilian populations in foreign nations continues, it will be implemented here. This technology cannot be controlled. Older models of... READ MORE
Personal Liberty Digest
 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subscribe to:
Posts (Atom)