debt (70)

Exactly Why Progressivism Sucks,

FDR’s/Obama’s Second Bill of Rights

and our Actually $212 TRillion PROBLEM

You do recall candidate Obama’s pledge not to raise taxes on anyone earning less than $250,000 a year? A pledge already worthless? Well consider this, in just a bit over five months, all the Bush tax cuts we’ve been enjoying will be rescinded, but that’s not a tax increase is it? Well, welcome to Bill of Rights Hell, Obamastyle . . . .

Barack Obama would like to take all the credit/blame for his radical legislative program but it’s been around since there have been left-wing progressives interested in “progressing beyond” the United States Constitution which they regard as “outdated” or even “an inferior and ill-conceived document.” Barack Obama himself calls it outdated and adds that it’s merely “a catalog of negative rights.”

Woodrow Wilson was the first recognized Progressive (Teddy Roosevelt was actually the first and mildest** one, however). Wilson, an educator and President of Princeton University wrote several books re-writing history and most particularly the history of the founding of the nation and of the founders. Wilson, according to real history – not progressive history, was an abject racist and the first to segregate the armed forces since Civil War Days. D.W. Griffith’s racist silver screen masterpiece “The Birth of a Nation” which glorified the Ku Klux Klan as the most vital element in post Civil War history, was premiered at the White House for Wilson and his Cabinet.

Herbert Hoover, a Republican like Teddy Roosevelt, believed in government involvement in peoples’ lives to a much greater extent than Teddy did. He sought to involve the government in welfare schemes and to give price supports to farmers among other progressive farm programs. He dramatically reversed the Harding-Coolidge trend of substantially lowered taxes and substantially lowered government spending (over a 45% reduction in both cases in response to the “Invisible Depression” Harding had inherited from Wilson). After the Crash of October ’29 under Herbert Hoover, the Depression was ending with the bottoming out of the stock Market three months after Franklin Delano Roosevelt’s inauguration (in March, in those days). FDR had run on a promise to return to common sense and cutting taxes and cutting government spending which had cut Wilson’s Depression down to size very quickly and left it known as the “Invisible Depression.”

FDR’s policies extended the Depression another nine years from taking office and presumably would not have ended the Depression at all except for the U.S. entry into the war in December of 1941. In the United States that period in history is known as the “Great” Depression but the rest of the world had a rough three years and simple call it a little ‘d’ depression.

FDR’s Second Bill of Rights was aimed, as many progressive schemes are, at redistributing wealth and its been adopted in whole cloth by Barack Obama. The harm done by FDR was incalculable. Hoover only created two new government agencies, FDR created forty. Barack Obama’s Obamacare health care “reform” has created 390+ new government agencies in just one law. Again, as most people sense, Obamacare has little to do with health care and will NOT cut health care costs it is just a method of grabbing more control for the government and redistributing wealth.

Before FDR’s 1944 inauguration (his 4th!) speech he paid homage to the idea but he’d already come out specifically talking about his agenda of redistributing wealth during his earlier 1944 State of the Union Address. The “Second Bill of Rights” according to FDR are “positive rights,” that is what government can do for or to its citizens (after taxing them unmercifully for the money to do it with). He included:

1. The right to a useful and renumerative job

2. The right to earn enough to provide not only food and clothing but

also recreation

3. The right of every farmer to raise and sell his products at a return that

would give him and his family a decent living

4. The right of every family to a decent home

5. The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination from monopolies at home and abroad

6. The right to adequate medical care and the opportunity to achieve and enjoy good health

7. The right to a good education

8. The right to adequate protection from the economic fears of old age, sickness, accident and unemployment.

Quite the socialist agenda, whereas the Founding Fathers said, we’ll keep the government out of your hair and maximize the money you can keep from what you earn and thus maximize your freedom to take care of your needs as you perceive them, FDR said we’ll tax the hell out of you and then give you some of your money back in the form of cradle-to-grave Nanny-state protection, not noticing that this would destroy the economy’s ability to create jobs and make it a lot less likely that anyone would have money to be taxed. This is clearly virtually identical to Lyndon Johnson’s “Great Society” progam.

Let’s look at item #4, in 1977 Jimmy Carter and his dual-chamber Democratic majority in congress passed the CRA of ’77 (Community Reinvestment Act) which for the first time required banks and local lenders to knowingly make bad home loans to otherwise ineligible clients. Fanny Mae and Freddie Mac were added to this travesty in 1992; these “rights” were expanded again twice in 1995; and the Bill Clinton final expansion in '98 (the third expansion under Slicky Willy) put the whole process on steroids and with the help of the Cloward-Piven Strategics of ACORN . . . created the sub-prime lending crisis at the root of today’s economic debacle.

And think of this, the United States had enjoyed for over half a century by far the world’s highest home ownership percentage (62-65%) so there was no problem. What exactly is wrong with renting a home, especially when one is young? What about the rights of landlords to operate their business and perform a clearly useful service?

Item #2 has raised its ugly head often since LBJ’s days, the right to a “guaranteed income.” Wow! Do you mean the right of the lazy and unproductive to extort money from those who earn it fairly by trading their goods and services and talent and education in the free market?

Item #8 is likewise quite interesting. This is the welfare “RIGHT” is it not? At present, our country not only has a $14TRillion national debt, but also $110 TRillion of UNfunded liability courtesy of Social Security, Medicare and the federal side of Medicaid. No one ever talks about these things or this UNfunded liability . . . but something that’s even less obvious and even more secret: roughly $88 TRillion in UNfunded welfare liability is also coming our way in the next 44-45 years.

#6 is Obamacare and its travesties are just coming to light. It is a nightmare fiscally, will destroy the health insurance industry and the health care industry as we know it. Count on old folks dying courtesy of the rationing which the newly-appointed health care director openly expressed. As well, a lot of infants also will prove to be “not viable enough” to warrant all the health care bucks and services and time that would be needed to keep them alive. And from having the highest cancer cure rate in the world, count on the United States gravitating toward the rate of Great Britain where early intervention against cancer is somewhat of a joke.

#7 is the right to a good education. Wow, Ph.D’s for everyone? Rajjpuut went through college courtesy of the GI Bill he earned and five different jobs he held and wound up with a 3.92 GPA despite taking as many as 29 hours in two different quarters. A lot of people getting through on mommy’s and daddy’s money wasted their education and their time in Rajjpuut’s not-so-humble opinion . . . what’s wrong with people working to put themselves through college? Why should anyone be guaranteed a college education as Barack Obama has promised to provide?

#1 the right to a useful and remunerative job. Really? What about the right of an employer to hire who he needs and only who he needs and to pay them what he must to get good work out of them all the while keeping his company afloat? Study after study has shown that minimum wage laws just put more people out of work and threaten the solvency of more businesses . . . so much for government interference in the marketplace.

#3 means that an inferior farmer has the right to survive and charge enough to cover his ineptitude. He grows cotton in the north and succeeds in half the years but is frozen out in the other half, why should anyone give him more than top dollar for an inferior, at best crop?

#5 Sounds pretty nice. Actually, the policies of FDR favored big business and cut the throat of small business which is one great reason why the Depression lasted almost ten more years after FDR came to power. But if it really were true, big IF that, just as in the case of the farmer, why should someone be forced to pay more than top dollar if the product is inferior or the process to produce it is inefficient? So much for the “Second Bill of Rights!

In other words, FDR who gave the country almost ten extra years of Depression and who ran promising to cut taxes and cut spending but did just the opposite, was the king of the early progressives and the first clearly socialist president and was aiming to move the country toward something quite close to communism. And remember he only created 40 new government agencies Ol’ FDR, while Obama created 390+ just in one law: Obamacare. Gotta love them progressives, don’t you?

Ya’ll live long, strong and ornery,

Rajjpuut
** Building the Panama Canal and establishing National Parks have to be called progressive by anybody, not that they were bad but that the people had NO say in their implementation; why not have a parks amendment voted on? Teddy feared it wouldn't pass or it wouldn't pass quickly enough or wouldn't set aside enough money, etc., etc., so he abrogated the people's right to decide the issue . . . .
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America as Desired by Obama . . .

Morally, Fiscally Bankrupt

You’ve seen those commercials where someone is saying, “ . . . we don’t make things in America any more . . . ,” a sad commentary on what was once the greatest manufacturing country the world ever knew becoming the greatest outsourcing country the world has ever known. Somewhere along the way America lost its greatness. Now, at a moment in our history where greatness is required of our leaders, instead we’ve been blessed with Marxist ideologue Barak Obama who, eschewing mediocre 2nd World status for the country is aiming us toward abject and utter Banana Republicdom$$. His economic policies have all led in the wrong direction and merely enriched the wallets of his supporters, but out of charity let’s forget all that, let’s look at his plans for our future.

Obama has promised his economic and energy policies will “bankrupt the coal industry” and “necessarily cause the price of electricity to skyrocket.”

http://hotair.com/archives/2008/11/02/obama-well-bankrupt-any-new-coal-plants/

http://gribbitonline.com/tag/mr-obama/

And all of this madness is based upon a lie called “global warming” which even the ultra-liberal London Times has denounced:

http://www.timesonline.co.uk/tol/news/environment/article6936289.ece

It’s never ever been about cleaning up the atomosphere or about us making the environment better, Obama’s “handler” Joel Rogers has admitted that cap and trade will NOT stop “pollution,” it will just tax those who emit . . . which is a two-fold lie . . . it will tax all of America and all Americans virtually out of existence while enriching the pockets of almost twenty progressive foundations (such as the Tides Foundations, the Joyce Foundation and numerous shadow foundations funded by these two) while, must we remind you, carbon dioxide is NOT actually a pollutant. Profit for the liberal elite and power for Obama. Here’s the endgame he’s brought in store for us . . . .

http://www.stopliberallies.com/more-on-the-ccx-carbon-trading-scandal-633.html

People like Al Gore (5th largest owner), Obama, Rogers, Richard Sandor, Maurice Strong, Franklin Raines, George Soros, about a dozen Goldman Sachs people and the Goldman Sachs firm itself (10% owner), Gore’s London-based Generation Investment Management company -- all of these groups through their ownership of CCX (the Chicago Climate eXchange) which with the passage of cap and trade legislation will gain commissions on virtually every single “trade” in what Richard Sandor has admitted will be annually “a $10 TRillion industry.” Since cap and trade produces NOT ONE new product and adds NOT ONE new service for Americans or the world . . . this means that America’s $15 TRillion economy will become a $25 TRillion economy overnight (with no new products or services and thus all prices will rise 67% the ultimate tax on breathing . . . . The time has come to ask not “Who is John Galt?” but rather “Where is John Galt”** because the country needs him NOW.

http://en.wikipedia.org/wiki/John_Galt

The most important truth YOU need to get out of this blog is this, The situation is bad, critical, nearing meltdown and yet, NO ONE IS TALKING ABOUT THE MOST IMPORTANT TRUTHS FACING OUR COUNTRY TODAY. On occasion they’ll mention the roughly $14 TRillion national debt now growing by leaps and bounds under Obama . . . but no one is talking about the $110 TRillion in Unfunded obligations^^ the nation faces from Social Security, Medicare and the federal side of Medicaid . . . nor are they mentioning that it’s highly likely that our Unfunded obligations from Welfare and similar entitlement programs could add another 80% to that figure pushing the nation toward total debt and unfunded obligations in excess of $215 TRillion.

In fact, the U.S. congresses and presidents have made a policy of definitely NOT TALKING about these matters since about 1977 when the combinations of building social security obligations, the new welfare state, Lyndon Johnson’s “Great Society” met the new wave of outrageousness with Jimmy Carter’s Community Reinvestment act of 1977 when for the first time the federal government REQUIRED lenders to make knowingly bad loans. The fact that this evil mortgage guarantee program could be expanded four times (’92, twice in ’95 and put on steroids in ’98) while the set-asides since 1934 and 1965 were blithely ignored shows you how corrupt the system was. But in orders of corruption, you ain’t seen nothing yet, baby, because Barack Obama’s now in charge.

Of course, Barack Obama who reportedly was extremely morose during the years 1989-93 when the Berlin Wall fell and the Warsaw Pact nations and U.S.S.R discarded communism . . . now has his opportunity to deliver to the world an utterly bankrupt United States of America and all will end well in the future hee-hee-ho-ha-hee-hee-ho-ha-ha-ha-ha-ha . . . the combination of what progressives have already done to us with their “spread the wealth FDR and LBJ ‘Great Society’ schemes” and what Barack Obama is doing to us, will make disaster concepts like nuclear winter and other contemplated environmental disaster scenarios seem like a day at the beach.

Ya’ll live long, strong and ornery,

Rajjpuut

$$ and meanwhile our media does not report that the real unemployment rate (a.k.a. the functional unemployment rate has reached 17.6% and with underemployment## we're now talking about 22% of the country facing job problems

##underemployment involves only having part-time work; former managers, etc. now having fulltime McDonalds' jobs and the like

^^ Look at how this played into the hands of the progressive enemy among us (folks like Saul Alinsky author of “Rules for Radicals”; and Richard Cloward and Frances Piven whose Cloward-Piven strategy was employed by them to create the American Welfare Rights Organization, AWRO, in 1967 with a black militant named Wiley to bankrupt the city of New York and just miss bankrupting the entire state of New York by using street intimidation tactics to get eight million new welfare recipients on the rolls by 1969. Cloward and Piven when bragging (orally and in writing) about their “accomplishments” recommended that voter registration and housing be their followers’ next areas of emphasis. The picture of President Clinton signing the Motor Voter Act with both C and P of C-P Strategy standing directly behind him is classic. MVA was called “a license for massive voter fraud” for good reason, now a Ms. Fernandez in the Department of Justice, already infamous for not prosecuting the 2008 New Black Panthers’ voter intimidation case and telling roomfuls of people that the DOJ will NOT prosecute Black defendants in voting cases with White victims, in the same roomful of people has stated that Motor Voter Act laws (weak as they are) so that the dead, the moved away, the duplicate and triplicate and other fraudulent voters carried on the rolls of a city, etc. can not be removed from the rolls. And who has been key in voter registration and in housing abuses? Lawyers like Barack Obama shaking down banks and other lenders forACORN . . . ACORN which gave us at least 18 full-out years warring against the system they hate and getting loans for people without I.D., without wealth or income, without jobs, without credit references, with abysmal credit ratings, people without rental histories, people without even rental addresses, and most important of all, even illegal immigrants. Somehow we’re NOT supposed to tie together the fact that the sub-prime lending crisis was the main ingredient in our poisoned soup?

**actually Rajjpuut would NOT recommend either the Fountainhead or Atlas Shrugged from Ayn Rand but instead “Capitalism the Unknown ideal,” “For the New Intellectual,” “The Virtue of Selfishness,” or for fiction fans the brief novelette “Anthem.”

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After a week in which the White House achieved a $20 Billion Gulf reparations fund and in which Obama blamed Republicans for the joblessness in America, the pollsters at Gallup show a firm majority of Americans right now oppose the 2012 re-election of Barack Obama. 51% of Americans think Mr. Obama should NOT be re-elected while only 46% say he should. Among Democrats 77% want to re-elect while 87% of Republicans oppose. Independents show 53% in opposition to re-election and 43% in favor. Today’s Rasmussen polls showed that among “probable voters” 45% strongly DISapprove of Mr. Obama’s job performance while only 25% strongly approve giving the president a -20 overall Presidential Index rating (Mr. Obama began with a +30 Presidential Index rating in January, 2009).

Overall in the Rasmussen poll, 42% of likely voters at least somewhat approve of Mr. Obama’s efforts and 57% at least somewhat DISapprove. The recent oval office speech by Obama about the Gulf oil debacle helped him slightly with Democrats. President Obama’s numbers have typically bounced following a national television event usually “up a little” (on only one occasion before they dropped slightly). 48% of Democrats now Strongly Approve. That’s up two points since the speech. 77% of Republicans Strongly DISapprove, also up two points since the speech. Among those NOT affiliated with either major party, 49% now Strongly DISapprove. That’s up five points since Tuesday’s speech. Here are some of the issues preying upon voters’ minds:
Most are pleased that $20 Billion has been set aside for Gulf damage claims but a slim majority are worried about a federal government takeover of the claims process; and to a lesser extent of the oil industry. The six-month moratorium on all offshore drilling is heavily criticized. So much involvement in the past nineteen months by the federal government taking over the car industry, banks and insurance companies, Freddie Mac and Fannie Mae, the health care industry, the student loan industry, etc. has three-fifths of the nation up in arms. Given the administration’s open revelation that the cap and trade legislation would “bankrupt the coal industry” and “necessarily skyrocket the price of electricity;” and the realization that major tax increases are coming on January 1, 2011 when the Bush era tax breaks are rescinded; and the huge tax increases tied to Obamacare which 62% of voters want repealed . . . voters are outraged by taxes and spending and debt and apparent big government incompetence (MMS was about to give BP a safety award when the explosion occurred and signing off on several safety$$ issues; and the lack of competent response to cleaning up the mess).
Raising taxes, dramatically raising spending and deficits and national debt, and endless government takeovers of the private sector are very unpopular. Virtually no voters believe that the almost $1 TRillion stimulus money spent has created or saved any jobs; most disagree that the White House was “engaged from Day One” of the Gulf disaster.
Recent revelations that federal government employees receive on average DOUBLE what their private sector counterparts earn ($120,000 when both wages and benefits are considered vs. $62,000) has also angered some. The only sector of the economy that’s grown under Barack Obama has been government jobs.
In Rajjpuut’s none-too humble opinion. There are only two hopes for Mr. Obama and his out-of-touch progressives: A) somehow achieving citizenship for 20 million illegal aliens and getting 80% of their votes, which is becoming more unlikely by the day, or . . . B) dictatorial takeover, so guess which one Mr. Obama will attempt to pull off in order to "fundamentally transform America?"
Ya’ll live long, strong and ornery,**
Rajjpuut
$$ The 1990 and 1994 safety requirements were both ignored. In particular ten (10) firebooms were required at the site and NONE were there.

** in answer to questions recently raised about Rajjpuut’s “sign-off” . . . saying that “long” life was totally understandable; “strong” life was a bit unique; but “ornery” was downright weird . . . . Look at it this way: it’s a hope for a re-balancing and a return to American virtues. Rajjpuut honestly believes that the big shift to the ultra-left by the media which has refused to cover stories contrary to that viewpoint for almost forty years now was begun first by the “hippie” movement and the environmental movement being commandeered by people who thought that living in communes (root word of “communism”) was a good thing. Rajjpuut earnestly hopes that his readers will indeed live long; and stay strong in body, mind and spirit and vote along those lines as well; and show an ornery, feisty streak to help win the country back for the traditional constitutional, fiscal and libertarian^^ values including respectful discourse in the public arena.
^^ Libertarian values are constitutionalism; strong national defense including of our borders; fiscal-conservatism; and a largely live-and-let-live social outlook (for example, protect gays and all Americans from violence and injustice; let the gays have their unions legitimized with all the rights accorded married couples EXCEPT adoption and palimony). Most important to Libertarians is the 10th Amendment which allows Americans to “vote with their feet” and move from states with onerous tax burdens and ridiculous spending legislatures to states more in line with the original U.S. Constitution such as Texas (which still has a part-time legislature) rather than having all states become homogenized “departments” of a runaway federal government.
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The oil spill has taken all the press as of late. It's a crime that with all our technology and trillion-dollar navy,

this country can deal with an oil leak a mile below the water. That part of the world is a place of historical

importance and true American beauty. How can it be worse to drill for oil above ground in an isolated area in Alaska?

All of these issues are important, but what's going to really hurt the economy isn't an oil leak. 100% debt vs GDP in 2015 may sound like an up important issue. Imagine for a moment you made $50,000 each year. Each year you borrowed $50,000 dollars. Your justification is that you need the money to increase you salary in the coming years.

In the past couple of weeks, I've been finding articles, mostly from Europe, on America looming debt/deficit crisis. Our oversees friends seem more involved in our financial well being than we do. Our media really is just a reflection of what America is interesting in watching and reading at a particular part of time.

Thus, the fiscal crisis doesn't have a live camera showing plumes of oil leaking into the gulf or dead birds washing up in thick crude oil. If you following the debt crisis as i have for the past year, the money begin spent and borrowed would amount to 50 oil leaks in every ocean and sea around the world.

Imagine for a moment a Satellite photo of earth. In one small area of the Gulf of Mexico, there's a black area of oil about the size of Connecticut - a horrible image for a beautiful part of the world. Then imagine that a country's debt could be visualized with red ink flowing across the land based on that country's debt. A country with 100% debt vs GDP would result in red ink flowing across 100% of that country's land.

The satellite image would show that almost all the land in the entire world would be covered in 100% red. Not only would most countries be red, they'd be dark red because their debt is beyond 100% GDP vs. Debt. The photo would show a world with blue water, except in one tiny blackened area of Gulf, with red inked land almost everywhere.

Does it matter?

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Twenty Key Issues for America

as the Merry Month of May Gets Rolling

Item: The Phoenix Suns now sport an ultra-ugly jersey with “Los Suns” on it, to join in the protest against the Arizona immigration law . . . low class, stupid and a PR disaster for them. May they be eliminated from the playoffs A.S.A.P.; why do celebrities think their voice means any more than a trash-collector’?

Item: The spill/leak at the British Petroleum oil derrick in the Gulf of Mexico was abetted because A) The U.S. government ignored its legal responsibility to have eight fire booms on the BP site . . . and had none -- and you thought the Titanic life boat problem was gross B) Both the Bush administration and the Obama administration signed off on safety violations at the BP site . . . why in hell would anyone with half a brain ever do such a thing? C) BP made a huge campaign contribution to Barack Obama and was purportedly “happy in bed with” the extreme left wingers of the administration D) The explosion was immediately pooh-poohed by Press Secretary Robert Gibbs and despite their revisionism, the Obama folks were not “on the case from Day One” E) Obama said he didn’t want to go to New Orleans early because he might get in the way . . . exactly what Bush said after Katrina for which he was excoriated, but the liberal media is understanding and supportive of the Anointed One, of course. There’s no “getting in the way,” Mr. President, the problem is in the Gulf, your motorcade doesn’t float.

Item: C-SPAN cameras are not allowed in the room where the Obama Debt Commission meets.

Item: The new Arizona Immigration Law has been deliberately misrepresented as racial profile by 78% of news coverage even as 61% of Americans and 70% of Americans think the law is a good idea. And the big cheerleading, Barack Obama is inciting UNinformed Hispanics to RIOT. The bill specifically forbids racial profiling . . . specifically . . . Obama is inflaming the situation by distorting the truth. The Arizona law is written to respect entirely the federal law which Obama is not enforcing. By the way, Mr. Obama why are you repaying the everyday cop for their crucial work with accusations of unmitigated racial bigotry . . . just like you did last year at your "beer summit." For a supposedly intelligent man you don't learn very quickly. Cops are not boogy men, Sir!

Item: The major plunge on Wall Street was aggravated by “automatic trading programs” kicking in. The problem is always stated when such events occur that the “little guys got scared” and caused a panic. Bull feces, October of 1987, and every panic since then has been triggered and abetted by the big guys and their automatic sell programs. This was a luck example of a potentially devastating juxtaposition of problems: A) the so-called fat finger response? So If I want to make a quick killing, I get my brother to sell short a given stock and then I fat-finger it and the markets be damned we make a small fortune . . . there’s some actual financial reform that needs to be done B) automatic sell programs creating a potentially out-of-control situation that the floor specialists can abuse to skin everybody selling stock. And the result, sooner or later? During a real panicked sell off someone with several real large short position will just get a “fat finger” and trigger a financial Armageddon. That’s financial reform that’s actually needed.

Item: Greece, the perfect nanny state is going down the tubes. Unions riled up by the Greek Communists are getting violently ugly. The cost to American taxpayers of our involvement in the International Monetary Fund (IMF) is somewhere between $7-8 Billion and there’s no guarantee that the problem is so-easily solved. Take notice: trying to live with unsustainable debt, doesn’t work. Now we’re bailing out Greece.

Item: The NYC would-be car bomb disappointed a gal reporter on MSNBC who admitted she wasn’t happy that a Muslim was associated with this because stupid prejudiced people would use it for bigotry. Well EXCUSE me, some Muslim extremist tries to kill Americans in Time Square and she’s pointing the finger at Americans who want to call a Muslim Extremist a Muslim extremist instead of being politically correct. Where are your priorities? Where is your integrity? Where is your patriotism, Lady?

Item: The NYC car-bomber wanna be, actually got on an airplane attempting escape . . . without luggage . . . paying in cash . . . though he was on a no-fly listing . . . and headed for Dubai . . . and yes, he certainly looked middle-eastern.

Item: Al Gore’s purchase of another palace, this time a $9 million mansion along side the supposedly rising ocean near Montecito, California went unreported in the mainstream media. They first ignore the November 17th Climate Gate revelations that even the ultra-liberal London Times researches the story and buries global-warming alarmism . . . they’ve ignored the biggest financial and scientific fraud in history (Cap and trade admitted by a member of CCX to be a “Ten TRillion industry) now for almost six months . . . this is journalism? Now the ultimate hypocrite, Gore, who tends to make a huge part of that $10 TRillion from the hoax of global warming buys yet another mansion (he’s not selling any, folks) with a carbon footprint probably fifty thousand times as great as old Rajjpuut’s and the media won’t cover this scandal.

Item: Joe Biden called General Motor’s so-called payoff of their bailout loan “a wondrous achievement. No, Joe, it’s no achievement at all. GM’s Obama-appointed CEO Whiteacre merely took money from a bailout slush fund to “pay off the loan” and Rajjpuut is wondering, how can the Federal Trade Commision allow this kind of fraudulent advertising without stepping in? By the way talking of bailouts, Chrysler and Freddie Mac both need another sip of the bailout brew.

Item: Besides their deliberate refusal to run the Climate-Gate Scandal about the falsified global warming records at East Anglia University’s Climate Research Unit (CRU); the media has now ignored for two weeks the story of President Obama and ex Vice-President Gore’s conflict of interest as part of the Chicago Climate eXchange. The story is not complicated. Look it up for yourself and connect the dots: The Tides Foundation receives funding from the Joyce Foundation and several other Progressive Foundations (very much like money-laundering). If Cap and Trade is passed the next hundred millionaires will include Gore, Obama, Sandor, Joel Rogers (the man behind the curtain); the AFLCIO, SEIU, Bill Ayers’ brother John Ayers, four or five Goldman Sachs bigwigs; Goldman Sachs the company itself and about twenty other semi-prominent individuals. Even Fannie Mae, holding a patent for the program that would sell the blue sky that Cap and Trade is based upon stands to benefit. Why no story?

Item: The flooding in Tennessee and the Cumberland region is a real disaster. No it’s not as environmentally interesting to the BP spill in the gulf, but this is a genuine crisis about the scale of forty tornadoes hitting one region in one day and the president of the United States and his administration have totally ignored it. Sorry, Barack, floods may not be “sexy” but they are an emergency.

Item: One of Rajjpuut’s favorite reader-blog commenters Phil DiJoseph, said this about a recent blog “Greecey Debt Sends Europe Sliding a Super Slippery Slope” as the situation in Greece worsens and the U.S. financial scenario comes more and more to resemble Greece’s: I think you will see a lot of what is happening in Greece courtesy of the labor unions here in the U.S. Keep your eye on New Jersey where the governor just cut a billion dollars in education aid. The teachers unions are pulling out all the stops to convince tax payers to keep funding their salaries, pensions and benefits at current levels (actually, they are making their pitch that the Governor is hurting education and the children) but that is just not going to happen. Voters chose to force school boards to make deep cuts rather than agreeing to have their property taxes raised to make up for the shortfall. This is perhaps the first time in American history that voters have effectively put the breaks on out of control government spending. The crapola would have certainly hit the United Auto Workers fan much sooner had Obama not bailed out the automakers and enriched the unions. Expect to see all hell break loose, as it has in Greece, when the pink slips start arriving to union members and other give-backs are mandated to balance state budgets.”

Rajjpuut comments . . . Thanks Phil, remember this, for the first time in history a U.S. President got involved in a public corporation’s bankruptcy . . . indeed he outright orchestrated every step of the Chrysler and GM bankruptcies and took the money owed by law to the Chrysler creditors and handed it to unions that supported his presidency. And who is ultimately responsible? The U.S. Supreme Court refused to hear the Chrysler creditors’ case.

Item: We’re finally seeing a resurgence of the importance of the 10th Amendment of the Bill of Rights, the most little known and appreciated of our Bill of Rights’ Amendments. It is the 10th Amendment which makes our particular experiment in Republican government with Democratic powers allotted to the individual such a marvelous success. Even more states are filing suit against Obamacare based upon the 10th Amendment. About six states recently have also said they’re in the process of re-creating their version of the Arizona immigration law. And several states are seeking to oppose the federal government’s forcibly making them pay for various other federally mandated programs that are bankrupting those states.

Ya’all live long, strong and ornery,

Rajjpuut

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Obama-watchers here in the United States tell anyone who’ll listen that to understand our future, one has but to look at the shenanigans in Greece. Recently world stock markets include the ones here in the good ol’ U.S.A. tanked in response to the European Union/International Monetary Fund $150 Billion bailout of Greece. The three major fears concerning financial analysts are that either 1. the loan will NOT prove enough to cover Greece’s needs either for borrowing or the upward spiraling of debt or 2. the German parliament will not approve the bailout (voting is Friday May 6, in Germany) or 3. a combination of both scenarios. Just two and a half years ago Greece had a debt to gross domestic product ratio of roughly 55%, comparable to what the U.S. faced when President Obama took office (50%), but today Greece’s D/GDP ratio is at 102% and not only is the country facing financial ruin but there is literally “blood in the streets” as the all-powerful Greek labor unions are rioting in opposition to the belt-tightening being negotiated by the Greek government in order to receive the EU loans.

While Rajjpuut is NOT a fan of big and politically powerful labor unions, in the union’s favor it must be stated that the government of Greece has been guilty of outright lying and manipulating debt with “funny” statistics for about a decade now and the news that came out when the truth finally was released was more than shocking, it was abysmal. Oh, and for you Obama-watchers here, the D/GDP ratio in the United States has now risen to 76%.

To put things in perspective, and thus realize just how badly off the economies of Greece (also Spain, Italy, Ireland and Portugal) and the United States are, consider that the next worst of the European countries (England) had a ratio of only 11% w hen the following memorable speech linked immediately below was made to the EU by Daniel Hannan criticizing the actions of Prime Minister Gordon Brown a year ago. England’s ratio now is roughly 14% . . . .

https://www.youtube.com/watch?v=94lW6Y4tBXs

Many believe that Greece’s “contagion” will spread quickly to the other “PIGIES” (the next five weakest countries in Europe mentioned earlier, Greece is the "G") with one-time European financial bulwark Spain possibly the next to go. Spain about seven years ago had the strongest fiscal situation of any European power. Then they decided upon a critical experiment (one that Obama wants to work over here) and aimed to become the world’s #1 power in green technology. Spain’s 3% unemployment has spiraled all out of control and is now at 20%, second only to Greece’s problems. In the Spanish experience every green-tech job created cost $677,000 in government subsidies and killed 2.2 jobs in the real market place because of government spending and taxation. Most Spanish green jobs lasted from six weeks to nine months and only 1/10 of them proved permanent. In the United States that would translate to Obama’s promised “five million new green jobs” costing the loss of eleven more real economy jobs to subsidize them; and then with only 500,000 of those jobs proving permanent and a 22/1 ratio of lost real jobs to permanent green tech jobs. Additionally the typical green job pays $10-$14 per hour which is a huge letdown to most Americans’ way of thinking about new technologies.

The violence created in the streets by the Greek labor unions cost three bank employees their lives two days ago. The unions say they’ll refuse to make any financial concessions. Their intransigence might worsen the Greek debt situation or repel the other EU countries completely. As for Germany’s hesitation, the Germans suffered one of the two greatest inflations in European history (during the Weimar Republic after WWI, which eventually spawned Adolph Hitler and the Nazis) and the country is loathe to get involved with the fiscally irresponsible Greek government at risk of inflation to their own country. However, German Prime Minister Merkel has made it plain in her speeches that the “survival of the European Union is at stake.” Once again the European experience may prove to be a harbinger of things to come for the USA, because Fed Chairman Ben Bernanke has inflated our money by 1500% so that now there is 1600% more money in circulation in the country and today’s 2010 dollar is now potentially worth only about 6.3 cents compared to the 2008 buck. Of course in this country we're talking about fifty individual states in financial disarry not twenty-four separate countries.

Worse news for Greece, the violence and fiscal unrest don’t look like they’ll be ending anytime soon. If that ugly scenario keeps repeating the EU may not loan the money and Germany's refusal also could be in the cards. And the possibility of a worldwide depression is always on investors’ minds. Additionally, with the latest round of worries that the Greek debt contagion will spread to Spain and elsewhere in Europe. The looming specter of massive debt default and deflation is heavy in the air for investors worldwide and fear dominates the markets. All this and unending days of national strike are NOT painting an encouraging scene.

Ya’ll live long, strong and ornery.

Rajjpuut

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The big debate in Washington is how to fix Wall Street. Wall Street’s greed caused the financial collapse. Wall Street earns too much money. Wall Street is the root of the problem in “haves” and “have-nots”.

H.R. 4173, Wall Street Reform and Consumer Protection Act of 2009 is bill that the House Committee on Financial Services has written to fix the problems with Wall Street. The bill’s intention will be to avoid another financial meltdown. The Chairman of this committee is Congressman Barney Frank.

The highlights of the bill are as followed:

1) Consumer Protections: A new consumer protection agency, CFPA, to protect Americans from Wall Street. The sounds good, but the idea of Wall Street is based on speculating. No bill can protect the consumer from loosing money on a bad speculation. However, this new agency, CFPA, will create more deficit spending, increase the national debt and reduce America’s ability to compete.

Read More at deficitaid.com....
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At deficitaid.com, I've been working for a year building content to inform, educate and entertain those interested in government spending, deficit spending and the National Debt. Our belief and approach is that this country can not change without first understanding the basic issues. Many don't know the difference between the deficit and National debt which is a real big problem. More don't even care - that's worse.

Using an animated cartoon character, Sensible Sally, with a bit of humor, iphone apps for National Debt Counter and providing a resource to find articles, videos and charts on government spending is what we are doing to try to spark an interest and debate.

Sensible Sally, the cartoon series, is currently running three episodes. My favorite is Monopoly Money. You can find it on the homepage deficitaid.com.

I'm happy to participate on this website.

Thanks.
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National Debt Will Grow to 90% of Gross Domestic Project by 2020

You can fool some of the people all of the time, all of the people some of the time and the Congressional Budget Office too much of the time. However, just as it’s not nice to fool Mama Nature, sooner or later the CBO usually does the job they’re paid to do and the fooling around stops. After showing the testicles of an emasculated amoeba and failing to stand up to the Obamacare budget projections last week, this week the CBO finally stopped squeaking liking mice and stood up like men and after projecting Obama’s budgets out into the future said:

http://www.cbo.gov/ftpdocs/112xx/doc11231/frontmatter.shtml

The CBO's preliminary analysis indicates the following:

If the President’s proposals were enacted, the federal government would record deficits of $1.5 trillion in 2010 and $1.3 trillion in 2011. Those deficits would amount to 10.3 percent and 8.9 percent of gross domestic product (GDP), respectively. By comparison, the deficit in 2009 totaled 9.9 percent of GDP.

Measured relative to the size of the economy, the deficit under the President’s proposals would fall to about 4 percent of GDP by 2014 but would rise steadily thereafter. Compared with CBO’s baseline projections, deficits under the proposals would be about 2 percentage points of GDP higher in fiscal years 2011 and 2012, 1.3 percentage points greater in 2013, and above baseline levels by growing amounts thereafter. By 2020, the deficit would reach 5.6 percent of GDP, compared with 3.0 percent under CBO’s baseline projections.

Under the President’s budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020. As a result, net interest would more than quadruple between 2010 and 2020 in nominal dollars (without an adjustment for inflation); it would expand from 1.4 percent of GDP in 2010 to 4.1 percent in 2020.

The yearly interest on the national debt as a budget entity by 2020 would prohibit virtually any semblance of normalcy. And that's NOT diminishing or paying down the debt, just paying interest upon it. As all truly aware citizens know, the reason for the upcoming drops in deficits shown by the CBO are that a series of new front-loaded taxes are about to be sprung upon the nation (great idea during a recession, eh?) to pay for Obamacare and all the projections for incredible benefits from Obamacare all the while cutting deficits is based upon the most optimistic possible scenarios for economic bounce-back.

Since the “jobs-president” rather than concentrating on jobs has been doing everything possible to annihilate jobs with his jobs-busting economic policies . . . it is very possible that the economic situation come 2020 may be considerably much worse than the CBO projects. Since the president has a whole deskload of initiatives like amnesty and citizenship for illegal aliens on his plate that are all very expensive GIBs and GSBs (Government Interference and Government Spending Boondoggles) . . . it is very possible that the economic situation come 2020 may be much, much worse than the CBO projects. Since Obama is looking to make many more “fundamental transformations” to this country . . . it is very possible that the economic situation come 2020 may be much, much, much worse than the CBO projects. It does NOT appear that Obama is through spending this year or ever.

Rajjpuut suggests three new Amendments to the U. S. Constitution (1. Obamacare and all its effects be immediately repealed 2. Federalism Amendment prevents country from passing laws that state governments must pay for such as Medicaid which is set to bankrupt every state by 2020 3. Federal spending be limited to 12.5% of the previous year’s GDP); that come November the voters reject all those who supported Obamacare; and that Obama be voted out for incompetence and operating contrary to his oath to “preserve, protect and defend the Constitution of the United States.”

http://www.politico.com/news/stories/0408/9610.html

http://www.politico.com/static/PPM41_eastafrica.html

Visit these two links. Read the words from Barak Hussein Obama, Sr., our president’s father, as he tells us the benefits of 100% taxes for Kenya. He didn't think mere socialism was good enough for Kenya, but that the country needed 100% taxes a.k.a. communism and his non-ending diatribes got him kicked out of government. His son devoted his first autobiography "Dreams from My Father" to that man but took great pains never to reveal his politics. As said and proven in these pages often before, President Barak Obama is a communist and his birth-father, mother and grandfather were all communists. The man is doing all he hoped to do, he is overthrowing the American way of life.

Ya’all live long, strong and ornery,

Rajjpuut


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DECEPTION AS A PRINCIPLE OF GOVERNANCE

Everytime you hear the lie that Bush inherited a surplus when he took office after Clinton, always keep in mind "Every economic crisis we have suffered since WWII has been the result of Democratic Party malfeasance or misfeasance." There is another tidbit to always keep in mind -- The left lies all the time; they have to.

DECEPTION AS A PRINCIPLE OF GOVERNANCE

http://tinyurl.com/ygxp7w8

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