Archive for the ‘Economics & Money’ Category

When Democracy Dies, European-Style

June 15, 2010 Leave a comment

A lesson for America is being played out in the European Union (EU) with regards to government debt and freedom that could lead to a repeat of the 1930’s and the rise of Hitler and the resulting spread of death and war eventually overtook Europe in that era.  Is this scenario an overstatement or simply rhetorical hyperbole designed to catch the attention of readers?  Perhaps, yes to a certain degree but largely no.

The real call to action for America is about prevention and prompt action lest we too face the same harsh choices (aka “austerity measures”) and threats of social upheaval that Greece, Spain, Germany and Portugal are now confronting. 

Are America’s Democrats even aware of these European developments as we witness ever more spending measures being offered by President Obama to tackle unemployment benefits spending, state and local government debt and the soaring costs of the Gulf cleanup and other issues sure to be brought up in the near future?  Britain and Canada will soon face the same choices as the European Union member states – cut spending or go into national bankruptcy.  This is what happens when citizens become too dependent upon a bloated, do-gooder, nanny-state government that has centralized power and decisions into its political matrix and citizen psyche.

This is what America faces if we do not act quickly to shut off government spending and bring American government back to the limited role that is called for in the Constitution, a role that worked well for America until “progressives” decided that social justice and “programs” to prop up their union and poorer constituencies were more important.

Will the 47% of Americans who pay no income taxes wake up to what is happening or will they continue to slumber and demand their pound of flesh from “The People” who do pay taxes?  Eventually, everyone will pay and they will pay big in ways that they scarcely can consider now – tax hikes, higher costs (i.e. inflation) for gas, goods, services and essentials such as food and clothing.

If we continue to ignore the looming storm, America faces a very dark and daunting future that may well include a Hitler Redux (at home or overseas somewhere) if some dictator rises up and points their populace towards some villain whom they can conveniently blame for their troubles.  This is how tyrants come to power.  They, like our leftist office holders in Washington, simply pick out some faction of society to villify and demonize in order to keep attention off of leaders who are ensuring that America faces harsh uncertain times.  Is this intentional?  I do not know.   But, it is a very likely scenario and it becomes even more so with each new tax hike, new program and new bailout that Democrats can dream up.

See you on the battlefield.


Socialism Crashing Down – In Europe

May 23, 2010 Leave a comment

In case some Americans have trouble focusing on current events in Europe and the evolving debt crisis brought about by Europe’s socialist benefits-heavy society, the entire house of cards is coming down. 

This is an important lesson for Americans, especially so-called progressives who think utopia can be had on the public dime – read all about it HERE.

Keep your powder dry & I’ll see you on the battlefield.

Quick-Hit: The Tax Man Cometh

May 21, 2010 Leave a comment

Today, we learn that Democrats slipped in a stealth provision in the ObamaCare bill that creates mountains of paperwork and new rules for individuals and businesses by expanding the use of 1099 forms.  This covers even Paypal and credit card transactions now – so, get ready to have yet more forms and hassles at tax time.

America could save billions upon billions by getting rid of all these forms and applying a flat tax to everyone, or eliminate the income tax and go to a national sales tax.  The IRS alone consumes billions just to run it the way our tax schemes run now.

Personally, I favor a flat income tax with certain personal exemptions plus a minimum 2% income tax paid by everyone for the first $35k to $50k per year, then a few exemptions for healthcare and interest payments paid on the primary residence, for instance.

See you on the battlefield.

ObamaCare Warning Coming True…

May 19, 2010 Leave a comment


I said it months before and since, that ObamaCare would not deliver what was promised (lower costs, you keep your insurance and etc) and now the evidence is rolling in that I and others have been right all along.

No, You Can’t Keep Your Health Plan – Insurers and doctors are already consolidating their businesses in the wake of ObamaCare’s passage.

QUOTE FROM THE WSJ ARTICLE ABOVE:  One of the few remaining ways to manage expenses is to reduce the actual cost of the products. In health care, this means pushing providers to accept lower fees and reduce their use of costly services like radiology or other diagnostic testing.

To implement this strategy, companies need to be able to exert more control over doctors. So insurers are trying to buy up medical clinics and doctor practices. Where they can’t own providers outright, they’ll maintain smaller “networks” of physicians that they will contract with so they can manage doctors more closely. That means even fewer choices for beneficiaries. Insurers hope that owning providers will enable health policies to offset the cost of the new regulations.

NOTE:  Can you say “rationing of medical care” and  “death panels, without death panels” anyone?

New Trend, Starting In Texas… Texas docs opting out of medicare at alarming rates, threatening healthcare for seniors – coming to a state near you.

Obama’s Health Czar repeats false claims of lower healthcare costs despite government report that says otherwise…

I’ve said before that the true costs of ObamaCare would likely mirror Medicare’s cost overruns, which have been nearly TEN TIMES what advocates of Medicate predicted at the time of debate & passage.

Watch your wallets folks – this is going to get worse before it gets better IF WE DO NOT get rid of Leftist/Progressive Democrats and RINO Republicans who will cave in to Democrat demands to join their cause.

See you on the battlefield.

Quick-hit: ObamaCare Fails – In Europe

May 14, 2010 Leave a comment

For those who have followed the news recently, the federal government has reported its 19th straight month of deficits and tells America the deficit is 4X the 2009 figures.  When will America see budgetary responsibility from Obama and Democrats?

As a backdrop to this blog entry headline, evidence continues pouring in about the dangers and unsustainability of socialized medicine and bloated nanny-state government spending and efforts at societal control.   Here’s the kick-off list:

– Obama is AGAIN bailing out someone…  teachers this time, using funds in an “off the books” maneuver to keep bloated education districts and teachers unions flush with cash;

– Hugo Chavez, Prez of Venezuala, is giving the world a lesson in the ultimate failure of socialism despite his nation’s large oil reserves;

A 2005 US Intelligence Report warned that Europe would experience its current economic demise and needed to drastically cut back social spending.

– The real debt picture and how much the US needs to cut its deficits – the reality isnt pretty!

Now, the world is being exposed to the truth about the failure of the welfare state and we are now being treated to a preview of what awaits America should ObamaCare become firmly entrenched in our entitlement system.

Greece is now the first to be told it must downsize its programs AND PRIVATIZE its healthcare system in order to receive bailout funds from the EU.  The evidence is stacking up and it can no longer be denied that utopian promises of societal bliss are false promises indeed.  With our own Constitution, the government provision of healthcare, retirement and other optional “wants” are in fact very far outside the limited powers delineated in our Constitution.

See you on the battlefield.

Obama Lies… No Taxes Pledge & GM Trickery Exposed

April 23, 2010 Leave a comment

Another prediction comes true – Obama does in fact intend to levy European-style VAT taxes upon Americans, saying he “is open” to the idea.  He wont admit this yet, but in due time he will accept this inevitable conclusion after giving the appearance of having explored all other options to cover his political backside.

Mark my words.

As I have written before in another blog entry, this European-style tax will add taxes to every step of production resulting in approximately $8 for every $20 spent on goods.  And this MAY NOT even include state and local sales taxes. 

So, that $20 DVD you’ve been wanting will cost you $28 dollars if Obama has his way.  This gives Obama and his Democrat do-gooders tons of cash to continue spending America into oblivion, which in turn will crush the American consumer and further erode our economy.

In other news, GOVERMENT MOTORS and the Obama Administration tried to pull a fast one on taxpayers today!  In a letter to the Securities and Exchange Commission, Senator Grassley said, “The bottom line seems to be that the TARP loans were ‘repaid’ with other TARP funds in a Treasury escrow account.  The TARP loans were not repaid from money GM is earning selling cars, as GM and the administration have claimed in their speeches, press releases and television commercials.”   Read more HERE.

The truth?  Obama and GM are lying.

Folks, it’s time to get serious about our future and and finally come to grips with what it means to constantly elect “progressive” (i.e. leftist) Democrats and corrupted RINO’s to represent us, The People.  It means we pay, they play and America becomes a little bit less than it was the year earlier.

Kick the bums out!

See you on the battlefield.

Nearly Half Of Americans Pay No Federal Income Tax

April 7, 2010 Leave a comment

Get ready.  This issue is at the root of the coming battle between Americans (brought about by Marxist-Nanny-State Dems and RINO’s) about which direction America takes – socialist/nanny-state or a return of the Feds to the constitutional role of a limited central government.


The issue is this:  40% of Americans actually get payments from the Feds in the form of tax credits that exceeds their tax liabilities – this means the Feds are paying these families and individuals, which is literally a form of welfare that is under the radar of most pols and pundits.

As this number grows, resistance will grow to limiting government because so many will be benefiting from this HIDDEN WELFARE PAYMENT SCHEME, and they will not want to give this cash benefit up.

Beware folks!  Big Brother is on the move to sieze more power, more funds from taxpayers and steal more freedom from individuals under the guise of “doing good” for the masses.  This is clearly Marxist ideology disguised as “progressive” policy, to be blunt.

This is not the America I wore the uniform for.

See you on the battlefield.