This article describes the “deconstruction” that must occur in municipalities, states and federal agencies to correct the imbalances in money available versus demands for the future decades.
By all respects, Texas is doing great compared to CA, NY, or the USA. Most of the jobs created in the USA in the last last several years were in Texas. But is that enough, and could we do better?
It just seems smart that we also, should look at the agencies, the pensions, and the costs both at the state, city and county level in order to see where and how we can do things smarter, quicker and more transparently.
That seems to be right down Tea Party Alley, as a task for people to dig into who are “Taxed Enough Already”.
The phrase “Quantitative Easing” is enough to make anyone stop reading instantly. Well, maybe that was what it was intended to do. Because if you keep reading, you will see the lies.
QE is said to stimulate the economy by inflating the economy. Economists say it will cause the US dollar to lose 20% of it’s value. Now there is a simple way to understand what it actually does – just compare with a similar action by a private company.
Suppose a private company wants to raise cash to pay expenses. It does a stock offering for 25% additional capital with share price at $10, and 1,000,000 shares out. The result is 1,250,000 shares and the price becomes 1M/1.25M*10 = $8. On the contrary, suppose the company raised that cash and went out and bought hard assets, like mines or oil wells. Then the company owns more stuff, so it’s value might be 1,250,000 shares still at $10. Or even higher.
What the US government is doing with QE2 is the first case. Just substitute the US dollar for “stock shares”. That’s why it’s been estimated that after the effects of QE2 hit the economy, the US Dollar assumed to now be worth $1.00 will be worth $ 0.80.
Everybody in the US will be poorer, but the Government will have gotten some money out of thin air to pay it’s bills for six or nine more months. Yes, some part of that money will go to retirees on Social Security and in other ways will be redistributed back into the economy.
The obvious problem is that this addiction to spending in excess of cash reciepts won’t stop with QE2. They’ll be forced to do it again, and again. This unless prevented will destroy all the savings and wealth of the country.
How can this outcome be prevented? The only way is to support those politically who can and will make tough decisions, while at the same time trying to protect one’s self, family and business from the ill effects of such events. Both methods are important, and the effort to stop the process politically may fail, or may only succeed in part, or may be too little, too late.
And it’s important to understand the extent to which the scheme is being presented with the clever use of propaganda: “Quantitative Easing 2 Will Stimulate the Economy”.
No, that’s not true. It’s the theft of national treasure through dilution of the monetary base, otherwise known as “printing money”.
Or like we said two years ago and some just have not heard the message, “When dead pigs fly, pork’ll stimulate”.
That’s what the Inspector General says, and the one doing the rewriting under Obama director of the WH Office of Energy and Climate Change Policy – informally she’s known as the “Energy Czar” (Senate confirmation NOT REQUIRED).
Browner is a radical environmentalist with clear cut ties to socialist organizations. When the Obama transition team hired her they stated there was nothing wrong with that. Now evidence has arose that Browner changed the Inspector General’s report to protect the pre determined desired conclusion of the Obama administration – stop the drilling.
Why was the staff of energy “adviser” Carol Browner allowed to edit a report issued by the Department of Interior’s blue-ribbon panel in the first place? ….This is no mere academic exercise. Thousands of people lost their jobs because of this supposed instance of sloppy editing, and the delay it created in safe exploration and drilling may impact the region for years, as well as America’s energy independence.
So what is the agenda here? Assist states with non productive car manufacturers, penalize states with productive business like oil drilling?
Sheriff Richard Mack fought the Unconstitutional Brady Bill and won at the US Supreme Court level. Invite elected officials, law enforcement and neighbors to the Fort Worth Botanic Garden on Nov 20 where Sheriff Mack speaks from 2-4PM. Be inspired by his example in defending our liberties. Flyers avail here: http://www.meetup.com/AoF-TX-Murphy/files/ Sponsors include Oathkepers, 9-12 and the Articles of Freedom. Free event but support to cover costs is appreciated!
From Sara, Mid Cities Power to the People email list.
If the Republicans weren’t dishonest, and entirely in the pocket of the big banks, Ron Paul would be taking Barney Frank’s place as chairman of the finance committee. Not satisfied with blocking him there, they have even kept him out of the chairmanship of the monetary policy subcommittee, as Barney has frequently remarked. The first time the Republicans erased Ron’s seniority; the second time, they imported a congressman from another committee to take the job; the third time, they temporarily abolished the subcommittee. This time, I think they would fear the backlash, so Ron will probably be chairman. If so, I can’t wait for his hearings on the QE2, the gold, the business cycle, and much else.
But what’s in the interest of the people, and the Tea Parties in this matter? The Tea Party, may I remind everyone is: T.E.A.: Taxed Enough Already.
And it’s the Financial Services Committee of the House where the problems of the money supply and the endless printing of money must be addressed. Ron Paul has long fought this issue, often with little or no support from his constituents. Now a great many in the American public have came around to many of his views.
We have Michelle Bachman initiating a Constitutional Caucus, that to be the largest caucus in the House. It will serveto educate and remind House members of the US Constitution as it may and should affect their work.
The question is: Can and should the Tea Parties support Ron Paul being the head of this important committee?
Our website dates from the first of the Tea Party Protests, in Feb 2009 Then it looked like April 15 2009 might be a half dozen protests in Texas. By the week prior to 4-15-2009, I stopped counting at 87 protests. About that time we figured out the attitude of the TV media to ignore the largest public demonstrations since Vietnam. So no problem, we rented a helicopter to record the crowd size at the Alamo 4-15-2009.