Today’s article comes after listening to Christiane Amanpour’s show Sunday, June 5th, 2011. On this show her guest was NY Times columnist and Nobel Prize winning economist, Paul Krugman, who was there to discuss the economic situation we are presently facing. As some of you may or may not know, I have been writing on the economy, gold and silver on my other site, Buy Gold And Silver Safely in support of my book with the same title. I must say, turning to Paul Krugman for economic advice is like throwing gasoline on an out of control fire as his solution to everything is “more stimulus.”

But Krugman’s economic advice on Amanpour’s show today had a twist to it in addition to his usual government spending solutions. This twist is one that blew my mind away, hearing it in such a tone that he almost wished it upon this nation. The twist was Paul Krugman basically said we need a war “to jump start the economy.”

You can listen to the recording of what he said here: Krugman Loves War

The transcript of what Krugman said was; “If we all of a sudden had a threat of war, and a military build up, you would be amazed at how fast this economy would recover. The problem is, we can’t get ourselves together to do that kind of. ahh…(changes his thought process here and continues)…We can’t do it for the right reasons instead of the wrong reasons.”

Can’t do what for the right reasons Mr. Krugman? Is he saying since we can’t get the economy going for the right reasons (more stimulus according to him), then lets choose the wrong reasons (war)? Aren’t we already spending more on the military the last 4 years than at any other time in our history? Aren’t we already involved in two wars and currently bombing Pakistan via drones? I thought Obama was going to get us out of the wars in Iraq and Afghanistan? How has the trillions of Quantitative Easing by the Fed worked for stimulating the economy Mr. Krugman? Why is the unemployment rate still so high? How many new businesses have started lately? Just how exactly will this war be paid for? How have past wars been paid for? What tax increases will there be? Will the war be declared per the Constitution? What will other countries think of this tactic? Their economies are hurting too, so will they join the U.S. war efforts to improve their economies? How many lives will be lost during this war before it’s is “declared” a failure by the general public?

The Numbers Don’t Lie

Let’s look at the numbers a little closer to see if Krugman has the right ideas about more spending and more wars and whether that will help spur the economy moving forward. From the table below we see that income tax revenue has fallen with the millions of people laid off. Military spending is already almost as much as what is gathered through income taxes. Is this who we really are as a nation? The Swiss never get involved in wars had have had the strongest currency in the world because of it. Instead of cutting back and living within our means, all our government does, per the advice of people like Krugman, is keep adding fuel to the fire. These economists and Congressman can’t see past the nose on their faces, and we don’t even have Obamacare in place yet. And now Krugman is advocating war? Seriously?

Table data gathered from CBO Historical Budget Data

Discretionary spending is up. Mandatory spending is up. Defense spending is up. Personal income tax and corporate tax revenue is down. The kids graduating college today will have to pay for all of this with a lower lifestyle and a nation that isn’t even close to that of their parents and grandparents.

An Apology To Future Generations

I sincerely apologize on behalf of all who have let things get this far. I apologize to all those college graduates and younger generations who will feel the repercussions of all this spending by the generations before you. But many of you voted for Obama because you expected “change.” You expected an end to wars. You got the shaft just like we always do. Welcome to the world of politics. We have made the mistake of electing these same fools into office. This can’t continue and it is up to the youth today, and enlightened voters, to stop this pattern of abuse to the People.

Of course the baby boomers were given the gift of Medicare and Social Security to pay for, many of whom are just starting to see the return on their investment after contributing for decades. But will the last baby boomers who start receiving social security benefits in 10 years or so even get any of what they put in? At the rate our government is spending, adding to the deficits and current debt, and with no realistic outlook for  businesses to get back on track, they will have to recalculate just how long Social Security has to survive. And don’t forget about adding Obamacare to the equation. Or will it be called Romneycare?

What a birthday gift to my 12 year old daughter. Would you like a cherry on top of that debt cream birthday sundae?

The Only Gift I Can Give To My Daughter

The only gift I can give to my daughter right now is to expose the ignorance of the economists who say that spending will solve our nations problems and stop the ties that congress has with corporate American in handing out favors through lobbyists. Let businesses that didn’t plan ahead and banks that can’t make money fail. Let the free market replace failed businesses with companies that produce and hire individuals. America will not devolve into a 3rd world country if we stop Congress and the Fed from destroying our future by bailing out their favorite banks and companies and instead make the necessary cuts. If you are in debt and get another credit card, can you spend your way out of debt, or do you cut up the credit cards and work on becoming debt free? Stop this madness from our government and Fed and stop it now!

Krugman’s Solutions Of More Spending and More Wars Won’t Work

Krugman can have his war only if he’s carrying the American flag in front of the soldiers told by their government to wage war on whomever the government doesn’t like. A soldier is told what to do, but the orders come from the top. Al qaeda here, Al qaeda there, Al qaeda everywhere! Kill them before they kill us like a former Presidential candidate told me once through an email correspondence we had. When push comes to shove, these economists and Congressmen who want and continue funding wars do it behind a desk without any repercussions. After 8 years, these Congressmen have retirement and health insurance for life and a cushy job with the company they helped via generous lobbyists gifts to their campaign chest while in office. Meanwhile soldiers with mother’s, father’s, wives and children, die or come home disabled. For what? To defend a nation that can’t be touched by anyone but Canada and Mexico? If you have ever played the game of Risk, you know what I’m talking about. Any nuclear submarine could take out any country it wanted to in minutes. Israel, being the only county with nuclear weapons, could do the same.

But why not “love thy neighbor” instead of threaten them? I can hear the neoconservatives reading this now…cringing because they love war so much. Well guess what? Your mother, father and grandparents were real Republicans. You know…the one’s that got us out of wars (Vietnam and Korea). Democrats were the ones who got us into war, and as true to their historic nature, care not to get us out as Obama has shown. If this truly is a Christian nation, it’s not one made of neoconservatives and neoliberal who love war. Think outside of what the media tells you to think. Become more aware of what they are doing to hurt the economy, not help it. Open up your Bibles and read the New Testament and the words of the Prince of Peace (I am only preaching to Christians here – or the one’s who love war and call themselves Christians – if you are not Christian, I love you – If you are Muslim, I love you – if you are of any race or religion, I love you as God has commanded me to). Yes, we are to watch for “wolves in sheep’s clothing,” but who are the wolves and who are the sheep? And how many innocent lambs are slaughtered while we let our government try and decipher?

You have a choice come 2012. The choice will be to put big spending, lobbyists loving, war loving candidates in office, or someone who will put an end to this madness, knowing they did the right thing. Whom will you choose?

Stay tuned for more articles related to the forthcoming elections.

Related posts:

1. We’re Winning The War On Terror!
2. The Left and Right Love and Need War
3. Limbaugh and Hannity Still Favor The Fed and War While Most In America Don’t

Unfortunately, what Sanders facebook fans don’t realize is this amendment does not audit monetary policy, the one thing that H.R. 1207 and the Vitter amendment would have audited. In other words, the folks at the federal Reserve are smiling, including Ben Bernanke who approved of the Sanders amendment.

To rub salt in the wound to all who have worked hard at getting the original  “Audit the Fed” bill to pass the House with bipartisan support, Senators Bernie Sanders and Judd Gregg were doing the media circuit today receiving pats on the back.  They were enjoying congratulatory remarks from all the journalists who don’t have a clue about the monetary policy of the Fed and their manipulation of interest rates being one of the main culprits for the bust to begin with.

The Federal Reserve is just a con game and We the People will pay for their past and future mistakes through higher taxes and higher inflation.  Thank you Sanders and Judd….and future generations will be thanking you too for decades to come…except not in the manner you expect!

Mr. Sanders,

People are cheering for your victory with the passing of your bill 96-0 but in reality the Paul/Grayson amendment, H.R. 1207, would have gone much further in addressing auditing Federal Reserve monetary policy. Your bill does nothing towards that end.

Even though you voted for the Vitter amendment, you are a sell out to the Dodd and Gregg power elite of the Senate who refuse to work on behalf of the People in restraining the Federal Reserve, the cause of the bust to begin with.

The result of such negligence will be seen in a weakening dollar, a Federal Reserve balance sheet full of risk and more and more power handed to the entity that wreaks havoc on the entire economic system.

Congress has no clue what will occur because they can’t see the forest through the trees. We the People can and will remove from office those who do not adhere to the principles of Sound Monetary Policy.

It’s a shame you had no fight in you to stand for the principles of H.R. 1207, Ron Paul and Alan Grayson. Our nation will reap what Dodd, Gregg and the others who voted “NAY” to the Vitter amendment sow.

Thank you for voting yes. It falls short of me recommending anyone vote for you in the future because of your succumbing to the power elite. J.P. Morgan is smiling in his grave.

Related posts:

1. Left and Right Media Misinforming Public About Auditing the Fed
2. Senate Shoots Down Vitter Amendment; Vote the Bums Out!
3. Limbaugh and Hannity Still Favor The Fed and War While Most In America Don’t

I want to reiterate the point this $100 Billion was approved by congress just 8 months after receiving $700 Billion from U.S. taxpayers for TARP.  I would also like to point out that the banks who received money from us taxpayers did not use the gift to pay off toxic assets, but instead used it to shore up their cash balances and fend off the FDIC.  The banks are still in trouble.

It turns out, Ron Paul asked the question, “Where does the money come from (to fund the IMF)?” to Ben Bernanke in April of 2010.  Bernanke confirms the Federal Reserve had nothing to do with it as the money was approved by congress.  But where does Congress get the money from?  Higher taxes and/or higher inflation, caused by the Federal Reserve of course…with the help of wiling Congressmen.

So Bernanke, in this case, is right.  The money wasn’t printed out of thin air via the Treasury and the Fed, but allocated by Congress.

I wanted to know who in Congress voted for this gift to the IMF.  Was it along party lines or, like the TARP $700 billion bailout for the financial industry, was it both the Republicans and Democrats who joined together in favor of passing this bill?

When the bill, H.R.2346 came to the House of Representatives vote, it passed by a roll call vote on May 14th, 2009 with 368 Ayes, 60 Nays, 5 Present/Not Voting. 168 Republicans and 200 Democrats combined together to vote for this bill.  Ron Paul (R) and Alan Grayson (D), both who are working to Audit the Fed, voted against it.  See how each congressmen voted.

The Senate was a bipartisan vote as well with 86 Ayes, 3 Nays, 10 Present/Not Voting, passing on May 21, 2009.

Obama signed the bill into law on June 24, 2009.

Congress Is Either With Us or Against Us

There is a connection here that’s important to voters.  Which Congressmen and women are casting their votes for the Constitution and We the People and which are voting against the Constitution and the People?  Knowing the difference come election time will dictate whether we remain We the People or become We the Serfs.  Do not vote for any of the folks who voted Yes to the TARP funding or Yes to this bill.

One point that brings this all into perspective for the common man is Ron Paul’s exchange with Bernanke involving Greece.

Quote from the video above:

Ron Paul; “The irony of this promise, in the new arrangement, this increase, Greece is going to put $2.5 billion dollars in there (the IMF fund).  Only a fiat monetary system worldwide can up and have Greece help bailout Greece.”

The smile that comes to Bernanke’s face at 2:29, right after Ron Paul made that statement is an acknowledgment Bernanke knows Ron Paul is spot on with his assumptions.  If only We the People could be spot on with their votes, we could wipe this smile off Bernanke’s face for good.

“Information is a treasure for our people. The promise of the journalist is not with popularity.  It is with the truth.” Daniel Coronell

Related posts:

1. Congress Gives IMF Your Tax Dollars to Bailout Greece
2. Vote For Those That Voted “NO” To the Bailout Come November
3. A Solution for Ron Paul Supporters?

Where does the U.S. get these funds to loan the IMF?  Where do any of these countries get the money to give them?

Congress Uses Your Tax Dollars to Bailout Greece and Other Nations

In 2009 at the Group of 20 (G20) nations summit in London, countries in attendance agreed to a “war chest” to prevent any future global financial meltdown from occurring.

Leaders of the world’s 20 largest economies earlier this month offered the IMF a $1 trillion war chest to help countries in trouble and pledged to make it the premier financial watchdog to help avoid the next global downturn.

$1 Trillion?  Are things really that bad?

The U.S. contribution to the IMF war chest was $100 billion in June of 2009. Did the U.S. just have $100 billion sitting around to give the them when just 8 months earlier the Republicans and Democrats approved a $700 Billion TARP bailout of U.S. banks?  Did Congress sell some of our gold or National Parks to raise the capital to send to the them?  Did you write a check to Congress and direct it towards them?  Well, the answer is, yes…you did, whether you know it or not.

How can a country that is over $12 trillion in debt allow Congress to loan $100 billion to the IMF? Where does this money come from?

To answer these questions, one must first resolve just who the IMF is and why Congress is so eager to give them your tax dollars.

Who Is the IMF

In a nutshell, the IMF is just a bunch of rich countries banding together to help out the smaller countries, typically of the third world variety.  Of course in doing so, the rich countries want something in return.

The International Monetary Fund was founded in 1944 at Bretton Woods, New Hampshire as a result of the financial turmoil of the 1930s. The aim was to create an institution that would help rebuild – along with the World Bank – the world economy.  The IMF is neither a world central bank nor a development bank. It acts as a monitor of the world’s currencies by helping to maintain an orderly system of payments between all countries. It is also a kind of international credit union. Member countries contribute money to the Fund, which in turn lends money to members who face severe balance of payment problems. Critics of the IMF complain that its short-term loans are accompanied by stringent conditions that often end up doing more harm than good. Original Source: AWorldConnected.Org

The IMF defined mission from their own site is:

An organization of 186 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

But let’s be real…it’s really the rich countries that tell the others what to do.

What Effect Do the Policies Implemented by the IMF Have?

These “stringent conditions” on the loans given to countries are further defined as:

(1) Monetary austerity: Tighten up the money supply to raise internal interest rates to whatever heights needed to stabilize the value of the local currency. (2) Fiscal austerity: Increase tax collections and reduce government spending dramatically. (3) Privatization: Sell off public enterprises to the private sector. And (4) Financial liberalization: Remove restrictions on the inflow and outflow of international capital as well as restrictions on what foreign businesses and banks are allowed to buy, own, and operate. Only when governments sign this “structural adjustment agreement” does the IMF agree to: (5) Lend enough itself to prevent default on international loans that are about to come due and otherwise would be unpayable. And (6) arrange a restructuring of the country’s debt among private international lenders that includes a pledge of new loans. Original Source: AWorldConnected.Org

In other words, it’s just a way for these nations to acquire the wealth/assets/productivity of the nations who weren’t able to manage their own affairs.

Debt is an efficient tool. It ensures access to other peoples’ raw materials and infrastructure on the cheapest possible terms. Dozens of countries must compete for shrinking export markets and can export only a limited range of products because of Northern protectionism and their lack of cash to invest in diversification. Market saturation ensues, reducing exporters’ income to a bare minimum while the North enjoys huge savings. Susan George, A Fate Worse Than Debt, (New York: Grove Weidenfeld, 1990)

The result is something like what has happened in Jamaica as described in the documentary Life and Debt.  The citizens of these countries receive a lower quality of life as they become debt slaves to the IMF, whose mission you will remember is to “reduce poverty.”  In reality, they are the mechanism that ensures poverty so the rest of the world can buy low cost goods.

The Economist (18.9.99), not a magazine noted for radicalism, calls the IMF “an overbearing organisation with a well-thumbed book of macro-economic policy nostrums”. It goes on to argue that “the Fund and [World] Bank have been hijacked by their major shareholders for overtly political ends. Whether in Mexico in 1994, Asia in 1997 or Russia throughout the 1990s, the institutions have become a more explicit tool of western, and particularly American, foreign policy.”

They do not reduce poverty and mainly benefit the better off in poor countries; they seem designed more to benefit large corporations by giving them cheaper raw materials and access to new markets.  Kicking the Habit By Joseph Hanlon and Ann Pettifor

So How Is It the IMF Can Do What They Do?

If you think about it, the IMF is somewhat just like the FDIC.  All of the banks in the U.S. pay a fee to the FDIC to insure that if one or more of the banks has financial problems, they can be bailed out by the FDIC.  186 nations contribute to the IMF.  If one or more of these nations have financial problems, they can be bailed out by the IMF.  In reality, they are just an extension of the Federal Reserve as “lender of last resort.”

Government deposit insurance was only one of many policies adopted during the 20th century designed to suppress economic and business failures. On the theory that certain banks were “too big to fail,” the United States government transferred $2.5 billion to save the Bank of New England in the early 1990s. That was as nothing compared to what would come later.  Beginning with the Latin American debt crisis of 1982–86, the government undertook to bail out, either directly or through augmented payments to the International Monetary Fund, American banks and investors who had lent large sums to insolvent Third World governments and firms. As if to confirm the validity of the theory of “moral hazard,” the Mexican bailout of 1994 ($40 billion) was followed closely by the IMF “rescue” of the collapsing currencies of East Asia—South Korea, Thailand, Malaysia, and Indonesia ($120 billion). And so it goes. Historian Scott Trask, Mises Institute

Earlier I posed the question as to where the money comes from to pay the IMF.  The answer is the same place it comes from to pay the Federal Reserve; from the printing presses provided by the Treasury.  Does anyone really think a nation with a total debt of over $12 Trillion can afford to pay $100 Billion to the IMF in the middle of a financial meltdown and two wars if it didn’t have a printing press?

So what about the future of Greece. What does the IMF have in store for them?

What Does IMF Involvement Mean for the Future of Greek Citizens?

“This is a defining moment for Greece,” said Poul Thomsen, who heads the IMF negotiating mission to Athens. “The global economic crisis exposed Greece’s weak fiscal position. Revenues have declined significantly, while spending, especially on wages and entitlements has risen sharply.

“What the government has committed to is a tough, front-loaded program that will correct things for the future, although it will take time. Indeed, it will be a multi-year effort,” Thomsen explained. “The authorities have already begun fiscal consolidation equivalent to 5 percent of GDP and further legislative action is expected this week. There is also an emphasis on fairness, with measures to protect the most vulnerable. The authorities are asking the Greek people to share the burden fairly across all levels of society,” he added.

A nice rosy synopsis….written by someone from the IMF of course.

In January, Greek Prime Minister George Papandreou came out and said they wouldn’t need IMF help and the poor would be taken care of.  As we now know, the IMF was called in to help.  What are the odds the citizens of Greece who are poor will be unaffected as a result?

Congressman Ron Paul summarizes the effect of the IMF programs of the past on the poor;

{They are] supposed to help the poor people of the world and redistribute wealth.  They have redistributed a lot of wealth, but most of it ended up in the hands of wealthy individuals and wealthy politicians. But the poor people of the world never get helped by these programs.

Living proof of this comes from Ross P. Buckley, The Rich Borrow and the Poor Repay: The Fatal Flaw in International Finance, World Policy Journal, Volume XIX, No 4, Winter 2002/03:

According to UNICEF, over 500,000 children under the age of five died each year in Africa and Latin America in the late 1980s as a direct result of the debt crisis and its management under the International Monetary Fund’s structural adjustment programs. These programs required the abolition of price supports on essential food-stuffs, steep reductions in spending on health, education, and other social services, and increases in taxes. The debt crisis has never been resolved for much of sub-Saharan Africa. Extrapolating from the UNICEF data, as many as 5,000,000 children and vulnerable adults may have lost their lives in this blighted continent as a result of the debt crunch.

The IMF’s Real Purpose

Ron Paul goes on to reveal the real purpose of the IMF and please note, this was written in 2004.  Ron Paul has always been on top of things and it’s time people start listening to what he has to say;

The IMF provides a perfect illustration of the both the folly of foreign aid and the real motivations behind it. The IMF touts itself as a bank of sorts, although it makes “loans” that no rational bank would consider – mostly to shaky governments with weak economies and unstable currencies.The IMF has little incentive to operate profitably like a private bank, since its funding comes mostly from a credulous US Congress that demands little accountability. As a result, it is free to make high-risk loans at below-market interest rates.  The real purpose of the IMF is to channel tax dollars to politically-connected companies. The huge multinational banks and corporations in particular love the IMF, as both used IMF funds – taxpayer funds – to bail themselves out from billions in losses after the Asian financial crisis. Big corporations obtain lucrative contracts for a wide variety of construction projects funded with IMF loans. It’s a familiar game in Washington, where corporate welfare is disguised as compassion forthe poor.  In fact, IMF loans often do far more harm than good. At best IMF borrowers are governments of countries with little economic productivity; at worst the money ends up in the hands of corrupt dictators. Either way, most recipient nations face huge debts they cannot service, which only adds to their poverty and instability. IMF money ultimately corrupts those countries it purports to help, by keeping afloat reckless political institutions that destroy their own economies. Source: LewRockwell.com

The icing on the cake can be found in what the IMF is doing in helping the poor countries mitigate climate impact; giving them $100 billion.  That’s right, the IMF is giving poor countries $100 billion to help deter the effect of global warming.  Which U.S. corporations do you think will benefit from this move?  You can’t make this stuff up!

How about the IMF use that money instead to teach nations self- sufficiency? Would they ever consider such madness?

Yes, there are consequences to high priced government employees, unions and the like, resulting in living beyond one’s taxable means.   It would be the same for any individual who maxes out their credit cards where there choices are defaulting on the cards, or borrowing from someone to stay afloat a little longer.  But without a change in how one got there to begin with, the same problem will occur down the road.  As for Greece, relying on the Angel of Death represented by the IMF is no plausible solution.

So, how do you feel about bailing out Greece at the expense of our own nations needs, knowing full well it benefits a select few and will result in a worse off situation for the citizens of Greece?

Ron Paul concludes:

The IMF and other complex schemes only serve to obscure the real issue: Why should US taxpayers be forced to send money abroad? Certainly the Constitution provides no authority for foreign aid. In historical and practical terms, redistribution of wealth from rich to poor nations has done little or nothing to alleviate suffering abroad. Only free markets, property rights, and the rule of law can create the conditions necessary to lift poor nations out of poverty.

It’s time to hold your congressmen and women accountable folks.  It’s time to say “I’m Fed Up!”

Related posts:

1. Which Congressmen Voted to Give IMF $100 Billion? Vote Them Out!
2. Your Senate Hard at Work Spending Your Tax Dollars and Increasing the Federal Debt Again
3. Vote For Those That Voted “NO” To the Bailout Come November

What will 2010 bring?

Stay tuned…I’ll expose it all here on the Fed Up! Blog and help people understand what’s really going on with the U.S. Dollar, Gold and their investments, media influence, our government and the politicians who run it and their collusion with the real “root of all Evil” that is at the forefront of the bust economy, the Federal Reserve.

Keep an eye out for my book (finally) “Fed Up!” coming out later this year.  Almost 5 years in the making as the research seems to never end, but the timing couldn’t be better!

Here are the top 5 Articles of 2009 for “The Fed Up! Blog”

1.  What Really Backs the U.S. Dollar?

Don’t be confused by all the games the Treasury and the Federal Reserve are playing. Educate yourself as to what money is and what really backs the U.S. dollar.

2.  Why Don’t Limbaugh and Hannity Support Ron Paul’s Bill to Audit the Fed?

There is currently a bill to Audit the Federal Reserve before the House and Senate that has bipartisan support and makes sense for all the People of this country yet Rush Limbaugh and Sean Hannity (among others) never promote it on their shows.  Why is that?

Follow Up: Limbaugh and Hannity Still Favor The Fed and War While Most In America Don’t

Related: Why Don’t The Elite Want the Fed to be Audited?, The One Thing Bernanke Is Really Afraid Of,  The Banking Crisis is Far From Over, and The Left and Right Love and Need War and can only wage it with the Fed’s help.

3.  DOW 10,000 In 2009 Is NOT the Same as DOW 10,000 In 1999 – It Buys You 23.8% Less Today

CNBC can cheer all they want about the DOW hitting 10,000 again by proclaiming it “DOW 10,000 (version) 2.0,” but is it really a better version, or even the same version as DOW 10,000 of 1999?

4.  Gold and Silver: Jim Rogers Does NOT Win Over Peter Schiff

Dr. Jeffrey Lewis from Commodities Online is mistaken, Jim Rogers does not win over Peter Schiff.

Related: Gold and the Carry Trade: Rogers vs. Roubini, Who’s Right? and Gold Is Not Falling

5. The Government Is Not in the Business of Keeping You Healthy

Is the Government in the Business of Keeping You Healthy?  No.  What makes anyone think that the government can develop a health plan that can do what Medicare doesn’t even do? As usual, government has it all backwards. Look no further than the government run Medicare program to see how much government understands the health care business.

Follow Up: The Government Is Not in the Business of Keeping You Healthy Revisited: No Mammograms Recommended for Women Aged 40-49

Related: Defend Your Health Care; Stop Obama’s Health Plan

Related posts:

1. America’s Infrastructure In 2009: Grade “F”
2. All Gold, Investment and Economic Articles Moved To New Website

The Media Will Let This Bill’s Passing Slide Unnoticed

This bill, H.R. 4314, To permit continued financing of Government operations passed with the same exact numbers as the Health Care vote, with all Republicans voting Nay.  Since the Media doesn’t want you talking about the national debt at Christmas time, they won’t even mention this bill’s passing.

The Health Care Bill Cost Is Dwarfed by the National Debt

It is estimated that the Health Care Bill will cost each family just under $8,000. You can add this to the over $38,000 that represents each individual’s share of the national debt.

While Republicans are starting to see the light when it comes to their votes in restraining government spending, Democrats are fully taking advantage of their majority which leads us to the question, are Democrats stupid or ignorant?

Green Shoots See Winter Approaching

The temporary fix ala the Federal Reserve, aka bailouts and green shoots are still working.  But the damage they are causing is on the horizon.  It’s only a matter of time before the green shoots wither and die.  The future outlook for America hasn’t changed. Congress will still do what they do best, no matter who is in office, spend your money as well as that of future generations.

I’m Not Always Negative

To spread some Christmas cheer to the Obama administration, I wrote to the White House 17 days ago to give them ideas on how they can help the unemployment picture for teens in America.

The teens of America are especially hit hard by unemployment.

Unemployment Rate by Race Age 16-19:

Black: 49.4%
Latino 34.7%
White 23%

I sent my email letting the White House know I have solutions directly to the attention of President Obama via his email address: president@whitehouse.gov.

So far, I haven’t received a reply.  If someone sees him over the Christmas Holiday, please tell him to read his emails.

Merry Christmas to all!

Related posts:

1. Congress Gives IMF Your Tax Dollars to Bailout Greece
2. Health Care Reform Didn’t Work for Romney and Won’t Work For Obama – Here’s What Will Work
3. There’s A New Currency That Will Solve All Your Debt Problems – The Barackazillion