Posted 30 November 2012 - 03:39 PM
For now, just stick head in sand, and pretend all is good. Self-deception is now the only thing left for the entire insolvent entitlement-addicted world.
The punchline: 110 million privately employed workers; 88 million welfare recipients and government workers and rising rapidly.
And since nothing has changed in the past two years, and in fact the situation has gotten progressively (pardon the pun) worse, here is our conclusion on this topic from two years ago:
We have been writing for over a year, how the very top of America's social order steals from the middle class each and every day. Now we finally know that the very bottom of the entitlement food chain also makes out like a bandit compared to that idiot American who actually works and pays their taxes. One can only also hope that in addition to seeing their disposable income be eaten away by a kleptocratic entitlement state, that the disappearing middle class is also selling off its weaponry. Because if it isn't, and if it finally decides it has had enough, the outcome will not be surprising at all: it will be the same old that has occurred in virtually every revolution in the history of the world to date.
Posted 01 December 2012 - 11:59 PM
Posted 08 December 2012 - 01:05 PM
Obamacare's Cadillac tax exemption for unions.
The Rule of Law
ObamaCare Makes A Mockery Of The Rule Of Law
Among the objections to ObamaCare, one that has not gotten as much attention as it should is the president's power to waive the law for any company, union or other enterprise he chooses.
The 14th Amendment to the Constitution provides for "equal protection of the laws" for all Americans. To have a law that can cost an organization millions of dollars a year either apply or not apply, depending on the whim or political interest of the president of the United States, is to make a mockery of the rule of law.
Delivered behind closed doors and out of sight of C-SPAN cameras, the Obama White House cut a lucrative sweetheart deal with AFL-CIO, Service Employees International Union and other labor groups to shield them from the federal health care mandate's steep 40 percent excise tax on high-cost health care plans. The 90 percent of Americans who don't belong to unions and participate in these plans must pay their "fair share" beginning in 2013.
But Big Labor's cozy Cadillac tax escape clause is effective until 2018. Even after that deadline, union dental and vision plans will remain exempt. The cost? $60 billion in foregone tax revenue.
Posted 13 December 2012 - 07:10 AM
"We have to pass the bill so we can find out what is in it" - Speaker Pelosi
Many powerful Democrats, even some of the most liberal among them, are supporting what amounts to a dismantling of President Obama’s signature health care law.
Using “Republican” language to make their case, these Democrats are attempting to repeal some of the funding mechanisms as well as the cost-containment measures that were purportedly inherent in the law.
With some of their most influential constituent groups facing onerous tax increases that are slated to help fund the law’s mandates and regulations, Senators like Al Franken (D-MN), Dick Durbin (D-IL), Charles Schumer (D-NY), Patty Murray (D-WA), John Kerry (D-MA), Kirsten Gillibrand (D-NY), Debbie Stabenow (D-MI), Richard Blumenthal (D-CT), and others -- all of whom voted in favor of the law -- are aiming to delay or outright repeal parts of ObamaCare.
Posted 13 December 2012 - 11:12 AM
Senate Democrats Urge Undoing of ObamaCare
"We have to pass the bill so we can find out what is in it" - Speaker Pelosi
Many powerful Democrats, even some of the most liberal among them, are supporting what amounts to a dismantling of President Obama's signature health care law.
Using "Republican" language to make their case, these Democrats are attempting to repeal some of the funding mechanisms as well as the cost-containment measures that were purportedly inherent in the law.
With some of their most influential constituent groups facing onerous tax increases that are slated to help fund the law's mandates and regulations, Senators like Al Franken (D-MN), Dick Durbin (D-IL), Charles Schumer (D-NY), Patty Murray (D-WA), John Kerry (D-MA), Kirsten Gillibrand (D-NY), Debbie Stabenow (D-MI), Richard Blumenthal (D-CT), and others -- all of whom voted in favor of the law -- are aiming to delay or outright repeal parts of ObamaCare.
If true, what is the reaction of Obama, Reid, Pelosi?
Edited by colion, 13 December 2012 - 11:13 AM.
Posted 19 December 2012 - 08:25 AM
Five Hundred Years – Finished at Last!
Prologue: Germination, ×1 Generation [40 years]
From: 1452-Pope Nicholas V issues the bull Dum Diversas, legitimising the colonial slave trade.
To: 1492-Fall of Granada.
Chapter One: Growth, ×4 G. [160 years]
From: 1492-Discovery of America.
To: 1652-End of Spanish hegemony.
Chapter Two: Glory, ×4 G.
From: 1652-First Anglo-Dutch War.
To: 1812-End of Napoleon’s power.
Chapter Three: Decline, ×4 G.
From: 1812-British-American War.
To: 1972-America leaves Vietnam.
Epilogue: Degradation, ×1 G.
From: 1972-Bankruptcy of the American national economy.
To: 2012-Famine, epidemic and war.
Posted 19 December 2012 - 07:42 PM
What is it about the national debt? Under Alexander Hamilton the US national debt ignited an economic boom. Under President Obama it has sent the economy on a Recovery to Nowhere. How come Hamilton was so smart? It's simple. He stole his financial system from the Dutch.
It was the Dutch that invented the modern financial system in about 1600 complete with banks, bond market, stock market, national debt, and a hard-money central bank. It worked so well that the Dutch won their independence from Spain. Then the Brits imported Dutch finance in the Glorious Revolution of 1688 and built a world empire. Alexander Hamilton imported Dutch finance into the US in 1792. Confidence in US credit got so high that President Jefferson could borrow the money to buy Louisiana and enable his successors to conquer a continent.
But gambler John Law taught the world how to screw up Dutch finance. He took it to France in 1715, sweet-talked a couple of dukes, turned it into a confidence trick, and destroyed the credit of the French ancien regime. Today we call John Law's system "stimulus" or "Keynesian economics" and we know where it ends: "sovereign default." How can you tell sound "Dutch finance" from the inflationism of Keynes and Law? It's the difference between confidence and confidence trick.
Read more: http://www.americant...l#ixzz2FY2wTywE
Posted 28 December 2012 - 10:50 AM
We in the Aristocracy will pay significant taxes as long as we control the levers of financial and political power.
We in the top 24% will pay the rest of the income taxes as long as we and our children can continue to live well and accumulate wealth.
We in the "middle class" will continue to work hard as long as we have hope of bettering our lifestyle and the lives of our children.
We in the bottom 50% and retirees agree not to threaten the top 0.5%'s power as long as we continue to get our government transfers and benefits.
This Grand Bargain is coming apart as the promises made to everyone cannot possibly be met. Claims on welfare and disability programs are skyrocketing at the same time that the demographics of an aging populace are causing 10,000 people a day to enter Social Security and Medicare, the two costliest government programs. Meanwhile, the upper middle class that pays most of the taxes has been slammed with lower income and a devastating drop in their housing-based net worth.
Clearly, the promises that have been made to 315 million Americans cannot be met, and the current strategies of financial repression (zero-interest rate policy, etc.) and massive fiscal deficits that subsidize favored cartels in defense, housing, education, and healthcare are unsustainable.
Posted 30 December 2012 - 12:15 PM
"Behind the honeyed but patently absurd pleas for equality is a ruthless drive for placing themselves (the elites) at the top of a new hierarchy of power" -- Murray Rothbard - Egalitarianism and the Elites (1995)
If a conservative doesn't like guns, he doesn't buy one. If a liberal doesn't like guns, he wants all guns outlawed.
If a conservative is a vegetarian, he doesn't eat meat. If a liberal is a vegetarian, he wants all meat products banned for everyone.
If a conservative is down-and-out, he thinks about how to better his situation. A liberal wonders who is going to take care of him.
If a conservative doesn't like a talk show host, he switches channels. Liberals demand that those they don't like be shut down.
If a conservative is a non-believer, he doesn't go to church. A liberal non-believer wants any mention of ******* and religion silenced. (Unless it's a foreign religion, of course!)
If a conservative decides he needs health care, he goes about shopping for it, or may choose a job that provides it. A liberal demands that the rest of us pay for his.
“When you see that trading is done, not by consent, but by compulsion — when you see that in order to produce, you need to obtain permission from men who produce nothing — when you see money flowing to those who deal, not in goods, but in favors — when you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you — when you see corruption being rewarded and honesty becoming a self-sacrifice — you may know that your society is doomed.” Ayn Rand
"World socialism as a whole, and all the figures associated with it, are shrouded in legend; its contradictions are forgotten or concealed; it does not respond to arguments but continually ignores them--all this stems from the mist of irrationality that surrounds socialism and from its instinctive aversion to scientific analysis... The doctrines of socialism seethe with contradictions, its theories are at constant odds with its practice, yet due to a powerful instinct these contradictions do not in the least hinder the unending propaganda of socialism. Indeed, no precise, distinct socialism even exists; instead there is only a vague, rosy notion of something noble and good, of equality, communal ownership, and justice: the advent of these things will bring instant euphoria and a social order beyond reproach." -- Solzhenitsyn
Posted 06 January 2013 - 10:30 AM
There is an ideological kinship between the two allies as both Socialists and Islamic supremacists share a taste for authoritarianism, and a distaste for the freedom of speech and political dissent.
Al Gore has sold his failing Current TV network to Al Jazeera, which plans to rename it Al Jazeera America – and so the Socialist/jihadist alliance is now official. While the American Socialists has been cooperating and collaborating with forces of the global jihad and Islamic supremacism for years, now their alliance is open and indisputable. Gore is even slated for a spot on Al Jazeera America’s advisory board.
The Wall Street Journal reported that Current TV’s co-founder and CEO, Joel Hyatt, explained that Al Jazeera was a perfect fit for the sale.