Friday, August 28, 2015

David Stockman Gets It

Put your money in the Wall Street Casio, or else.  In other words, bet against the Fed by keeping your money out of the market and get negative return.  Bet with the Fed and eventually lose it all in a bust up that is bound to come.  What else is this but Tyranny?   Jefferson wrote, "That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness." 

Saturday, July 18, 2015

What percentage of recepients of this email can point out Greece on a map?

Organizing for Action

Thomas --

Earlier this week, President Obama spoke at the White House Conference on Aging -- a once-in-a-decade summit where leaders came together to talk about issues facing Americans as they plan for retirement, care for older loved ones, and work to improve our quality of life as we age.

The conference was a moment to reflect, and celebrate some of the programs we've already built -- Medicare and Medicaid turn 50 this month, and Social Security turns 80 next month -- but also a moment to look forward to the upcoming challenges we face.

Nearly 10,000 Americans turn 65 every day -- more than a quarter million each month. We all have a responsibility to build on the progress we've already made, to make sure that we safeguard retirement security for every one of these Americans.

Stand up and say you support a society that's prepared to face the challenges of a changing America.

Let's be clear -- this goes beyond Social Security, Medicare, and Medicaid.

Those programs are a vital part of American society, and we have a responsibility to make sure they're going strong for decades to come.

But there's more to do -- especially in an age when pensions are less common, and not everybody has access to a 401(k).

The President had several suggestions in his speech last Monday. Paid family leave to take care of aging relatives would help many folks provide crucial support. Opening up IRAs to folks that don't have employer-sponsored retirement plans would help millions save for retirement. Updating safety and quality standards for nursing homes, and closing conflict-of-interest loopholes in financial retirement advice would help ensure that we all get what we're planning for in retirement.

These aren't simple steps, but we can't walk away from this because it might be politically difficult -- we've got to fight for it, in the same spirit that helped pass Social Security, Medicare, and Medicaid.

So Thomas, let us know -- will you stand up for a society that includes a dignified retirement?



Abby Witt
Managing Director
Organizing for Action

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Tuesday, July 14, 2015

ZeroHedge: Commenters got the Greece situation nailed...

The rhetoric seems to be about the bankers raping the Greeks.  I think the commenters on this post on ZeroHedge are the only ones that see the truth...

Wednesday, July 8, 2015

Greece Illustrates 150 Years of Socialist Failure in Europe


Greece cannot pay its debts ... ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor members of the EU pay up? The financial consequences of massive default by most of the EU members is hard to predict, but it won't be pretty. Europe has built a financial house of cards, and the slightest loss of confidence will bring it crashing down.
The tragedy of Europe has socialism at its core. Europe has flirted with socialism since the late nineteenth century. Nineteenth century Bismarckian socialism produced two world wars. Leninist socialism slaughtered and enslaved hundreds of millions until it collapsed, mercifully without a third world war. Yet, not to be deterred, in the ashes of World War II, Europe’s socialists embarked on a new socialist dream. If socialism fails in one country, perhaps it will succeed if all of Europe joined a supra-national socialist organization. Oh, they don't call what has evolved from this dream “socialism,” but it is socialism nonetheless.
Socialism will not work, whether in one country, a multi-state region such as Europe, or the entire world. Ludwig von Mises explained that socialism is not an alternative economic system. It is a program for consumption. It tells us nothing about economic production. Since each man's production must be distributed to all of mankind, there is no economic incentive to produce anything, although there may be the incentive of coercion and threats of violence. Conversely, free market capitalism is an economic system of production, whereby each man owns the product of his own labors and, therefore, has great economic incentives to produce both for himself, his family, and has surplus goods to trade for the surplus product of others. Even under life and death threats neither the socialist worker nor his overseer would know what to produce, how to produce it, or in what quantities and qualities. These economic cues are the product of free market capitalism and money prices.
Under capitalism, man specializes to produce trade goods for the product of others. This is just one way of stating Say’s Law; i.e., that production precedes consumption and that production itself creates demand. For example, a farmer may grow some corn for his family to consume or to feed to his own livestock, but he sells most of his corn on the market in exchange for money with which to buy all the many other necessities and luxuries of life. His corn crop is his demand and money is simply the indirect medium of exchange.
Keynes attempted to deny Say’s Law, claiming that demand itself — created artificially by central bank money printing — would spur production. He attempted, illogically and unsuccessfully, to place consumption ahead of production. To this day Keynes is very popular with spendthrift politicians, to whom he bestowed a moral imperative to spend money that they did not have.
We see the result of 150 years of European socialism playing out in grand style in Greece today. The producing countries are beginning to realize that they have been robbed by the EU’s socialist guarantee that no nation will be allowed to default on its bonds. Greece merely accepted this guarantee at face value and spent itself into national bankruptcy. Other EU nations are not far behind. It’s time to give free market capitalism and sound money a chance: it’s worked every time it’s been tried.

Tuesday, March 17, 2015

Please take action to defeat Texas House Bill HB 2918

The advent of camera phones has no doubt helped secure liberties.  This fascist from Dallas wants to take a big step toward criminalizing free speech.  Please write your representative.

Thursday, November 13, 2014

Obamaphones...this is our country

Welfare State waste and fraud? I'm shocked...

 DENVER (CBS4) - A federally regulated program providing free cellphone service and phones to the poor and needy in Denver appears to be riddled with waste, fraud and abuse, according to an undercover CBS4 Investigation. The $2 billion a year Lifeline program has handed out more than 13 million free cellphone plans across the country in the first six months of this year. In Colorado, the program handed out more than 117,000 free cellphone plans in the first half of this year, or about 20,000 cellphones every month. The free phones and their wireless plans are paid for by a monthly tax on your cellphone, called the Universal Service Tax. Although the Lifeline wireless program has been around since 2005 and started under president George W. Bush, it has exploded under President Obama’s administration and the phones are often referred to as “Obamaphones.”

Wednesday, October 30, 2013

Missing the Point of ObamaCare: It isn't about a functional website

"The website has never crashed. It is functional but at a very slow speed and very low reliability," Sebelius acknowledged. Beautiful. Don't blame Obama the First. Blame me. Fantastic theatre. But, it is simply to take eyes off the ultimate issue: The government will provide all health care. Think VA (Veteran's Administration). Think Post Office. Failures by central planners and Collectivists always are because of not enough resources, not enough control. The answer to failed ObamaCare will be MORE centralized control. This doesn't end with those involved dusting off their hands and saying, "Wow. That was a bad idea and it failed. Lets go with a free-market solution." It was ALWAYS their plan to co-opt, subjugate, and/or ruin the insurance companies and providers. Then take over completely.