The document discusses the unsustainable level of federal debt being passed on to future generations due to entitlement programs like Social Security and Medicare. It argues that the existing political system, made up of both Republican and Democratic parties (called "Repocrats"), has grown the size of government far beyond its legitimate role and made promises that cannot be kept without burdening American children with crippling debt. The Liberty Party USA aims to simplify taxes, reduce the size and scope of the federal government and entitlement programs, and ensure spending is in line with tax revenues to preserve freedom for future generations.
Democracia and allied organizations helped stop the passage of two anti-immigrant bills in Florida through a Spanish language ad campaign targeting prominent Hispanic legislators supporting the bills. The campaign urged the community to mobilize against the bills and their sponsors, leading one legislator to publicly oppose the measures and the other to vote against their own proposal. Politicians in Florida and Pennsylvania are also attempting to suppress voter participation through restrictive voting laws, despite providing no evidence of voter impersonation problems. Democracia opposes these efforts as barriers to participation in democracy.
This document discusses debt at various levels - individual, national, and global. It defines debt as something owed, usually money, goods, or services. It notes that debt has existed for governments and individuals throughout history, used to pay for things like wars, disasters, and excessive spending. The document outlines growing debt levels in Texas, the United States, and worldwide. It suggests everyone is negatively impacted, especially the poor and underdeveloped nations. Potential solutions proposed include budget controls, voting, education on personal finance, and living within means. It raises questions about whether solutions can curb growing debt problems.
This document calls citizens to action against large banks and corporations. It argues that banks like Bank of America and JPMorgan Chase pay no income taxes, while the middle class loses wealth and opportunities. Unemployment and foreclosures are high. It claims the financial system is rigged in favor of the wealthy, and special interests control Washington at the expense of average Americans. The document urges monetary reform, arguing that governments should control currency issuance rather than private banks, and that fractional reserve banking allows excessive money creation. It asserts major historical figures warned of the dangers of private banking control over economies.
This document calls citizens to action against large banks and corporations that do not pay taxes, have contributed to high unemployment and poverty rates, and have consolidated wealth at the expense of the middle class. It provides numerous statistics about the economic crisis and its impacts. It argues the current system is rigged in favor of the wealthy and controlled by lobbyists, not citizens, and calls for reform to return power to the people and sovereignty to governments over private banks that control money supply and lending practices.
The document analyzes the key causes of the 2007-2008 housing bubble and financial crisis. It discusses several factors:
1) Government policies in the 1970s-2000s that deregulated lending standards in an effort to promote homeownership, making riskier loans more widely available.
2) Government-sponsored entities Fannie Mae and Freddie Mac came under pressure to purchase riskier loans to meet quotas, further spreading risky lending.
3) The Federal Reserve kept interest rates low in the early 2000s, fueling the bubble, then raised rates in 2004-2006, increasing foreclosures on adjustable rate mortgages.
4) Mortgage lenders aggressively targeted riskier borrowers with
The document summarizes the evolution of home ownership and mortgage finance in the United States, leading up to the financial crisis of 2008. It describes how government intervention during the Great Depression made home ownership more accessible through longer-term, fixed rate mortgages. It then discusses how further government actions and policies in subsequent decades continued expanding home ownership but also contributed to riskier lending practices and eventual housing bubble. The crisis began with the collapse of the subprime mortgage market in 2007 and led to the failures of major financial firms like Lehman Brothers and government bailouts of Fannie Mae, Freddie Mac, and AIG in 2008.
Wisconsin and Illinois provide an interesting case study to examine how different levels of inequality between states impact the generosity of unemployment benefits. Wisconsin has a lower Gini coefficient, indicating less inequality, and is found to have more generous unemployment policies across several measures. These include higher employer tax rates, higher wage replacement rates though lower caps, and higher spending per capita on unemployment benefits. The lower unemployment rates in Wisconsin also suggest its policies may have been more effective at stimulating the economy during recessions. Allowing states to determine their own policies can result in inefficient variations and less support for redistribution in more unequal states where it may be needed most.
Democracia and allied organizations helped stop the passage of two anti-immigrant bills in Florida through a Spanish language ad campaign targeting prominent Hispanic legislators supporting the bills. The campaign urged the community to mobilize against the bills and their sponsors, leading one legislator to publicly oppose the measures and the other to vote against their own proposal. Politicians in Florida and Pennsylvania are also attempting to suppress voter participation through restrictive voting laws, despite providing no evidence of voter impersonation problems. Democracia opposes these efforts as barriers to participation in democracy.
This document discusses debt at various levels - individual, national, and global. It defines debt as something owed, usually money, goods, or services. It notes that debt has existed for governments and individuals throughout history, used to pay for things like wars, disasters, and excessive spending. The document outlines growing debt levels in Texas, the United States, and worldwide. It suggests everyone is negatively impacted, especially the poor and underdeveloped nations. Potential solutions proposed include budget controls, voting, education on personal finance, and living within means. It raises questions about whether solutions can curb growing debt problems.
This document calls citizens to action against large banks and corporations. It argues that banks like Bank of America and JPMorgan Chase pay no income taxes, while the middle class loses wealth and opportunities. Unemployment and foreclosures are high. It claims the financial system is rigged in favor of the wealthy, and special interests control Washington at the expense of average Americans. The document urges monetary reform, arguing that governments should control currency issuance rather than private banks, and that fractional reserve banking allows excessive money creation. It asserts major historical figures warned of the dangers of private banking control over economies.
This document calls citizens to action against large banks and corporations that do not pay taxes, have contributed to high unemployment and poverty rates, and have consolidated wealth at the expense of the middle class. It provides numerous statistics about the economic crisis and its impacts. It argues the current system is rigged in favor of the wealthy and controlled by lobbyists, not citizens, and calls for reform to return power to the people and sovereignty to governments over private banks that control money supply and lending practices.
The document analyzes the key causes of the 2007-2008 housing bubble and financial crisis. It discusses several factors:
1) Government policies in the 1970s-2000s that deregulated lending standards in an effort to promote homeownership, making riskier loans more widely available.
2) Government-sponsored entities Fannie Mae and Freddie Mac came under pressure to purchase riskier loans to meet quotas, further spreading risky lending.
3) The Federal Reserve kept interest rates low in the early 2000s, fueling the bubble, then raised rates in 2004-2006, increasing foreclosures on adjustable rate mortgages.
4) Mortgage lenders aggressively targeted riskier borrowers with
The document summarizes the evolution of home ownership and mortgage finance in the United States, leading up to the financial crisis of 2008. It describes how government intervention during the Great Depression made home ownership more accessible through longer-term, fixed rate mortgages. It then discusses how further government actions and policies in subsequent decades continued expanding home ownership but also contributed to riskier lending practices and eventual housing bubble. The crisis began with the collapse of the subprime mortgage market in 2007 and led to the failures of major financial firms like Lehman Brothers and government bailouts of Fannie Mae, Freddie Mac, and AIG in 2008.
Wisconsin and Illinois provide an interesting case study to examine how different levels of inequality between states impact the generosity of unemployment benefits. Wisconsin has a lower Gini coefficient, indicating less inequality, and is found to have more generous unemployment policies across several measures. These include higher employer tax rates, higher wage replacement rates though lower caps, and higher spending per capita on unemployment benefits. The lower unemployment rates in Wisconsin also suggest its policies may have been more effective at stimulating the economy during recessions. Allowing states to determine their own policies can result in inefficient variations and less support for redistribution in more unequal states where it may be needed most.
Utah State Representative Ken Ivory has been a leader in the pursuit of fiscal self-reliance in Utah, with regard to both issues—federal fund transfers and land ownership. Ivory was a primary sponsor of the Financial Ready Utah bills, as well as the 2012 Transfer of Public Lands Act, which establishes a framework for the transfer of certain federal lands to the state of Utah in the coming years. Ivory also serves as president of the American Lands Council (www.AmericanLandsCouncil.org), a nonprofit composed of state officials, local governments, businesses, organizations and individuals interested in advancing the cause of local control of land access, land use and land ownership.
Earlier this month, Reason Foundation Director of Government Reform Leonard Gilroy interviewed Rep. Ivory on the rationale behind the Financial Ready Utah bills and the Transfer of Public Lands Act, the history of federal control of western lands, and much more.
The speaker thanks participants in the fiscal summit and announces that several foundations will partner to conduct an unprecedented citizen engagement exercise on June 26th in 20 cities to discuss the federal fiscal challenge. Citizens will be provided information on reform options and asked to propose reform packages to achieve long-term fiscal objectives. The results will be valuable to policymakers and others. The speaker emphasizes that bridging partisan divides will be critical to turning ideas into bipartisan policy actions.
“THE END OF THE AGE OF ENTITLEMENT”
ADDRESS TO THE INSTITUTE OF ECONOMIC AFFAIRS LONDON 17 APRIL 2012
JOE HOCKEY MP
THE END OF THE AGE OF ENTITLEMENT
INSTITUTE of ECONOMIC AFFAIRS
LONDON
This paper is a summary of press clippings gleaned from Internet during the period April to July 2008. This exercise was performed to provide a quick summary of the US credit crisis at that particular point in time / 2nd quarter 2008. The paper was presented to a non native English speaking European audience consisting primarily of insolvency judges July 3rd 2008 in Paris.
Slide 3 WestCal Political Science 1 - US Government 2015-2016WestCal Academy
This document provides a summary of 17 lecture topics from a political science course on US government, including America's elite membership, policy changes and innovations, political conflict, stability and instability, corporate and economic power, globalization, and how elites exercise power. It also summarizes John Locke's "Second Treatise of Government" over the course of 17 sections, outlining Locke's philosophy of natural rights, property, consent of the governed, and the purpose of government to protect individual rights and property.
This document proposes an "Immigration & Debt Elimination Act" (IDEA) with several components:
1) Allow honest employers to privately sue dishonest employers who hire undocumented immigrants, obtaining $50,000 per worker in damages to discourage the practice.
2) Charge the 4 million immigrants waiting legally $10,000 each for work visas, generating $40 billion for debt reduction or infrastructure jobs. Charge the 11 million undocumented immigrants $30,000 each over 10 years for work visas, generating $330 billion.
3) The money collected from immigrants combined with tax revenue and enforcement savings could generate nearly $500 billion to reduce debt and invest in infrastructure and job creation. Most support
The document summarizes how structural racism and a lack of systemic thinking contributed to the subprime mortgage crisis. Mortgage lenders targeted minority neighborhoods with predatory lending practices like subprime loans. This disproportionately impacted black and Latino homeowners and neighborhoods. Courts have recognized that housing policies must address the systemic nature of racism and its cumulative impacts across domains like education and employment to promote fair housing opportunities.
The document summarizes and responds to arguments made in a Florida state budget debate. It argues that the state Senate and media are wrongly advocating for tax increases to fund additional government spending, while the House and Governor correctly want to keep taxes low and "live within the state's means." The document asserts that Florida's economic growth is best encouraged by cutting taxes, not raising them, and that spending on education and Medicaid is unsustainable without reforms to introduce competition and efficiencies.
The article argues that Fannie Mae and Freddie Mac do not deserve most of the blame for the housing bubble and financial crisis. It claims the private mortgage industry, which originated three quarters of risky subprime loans between 2004-2007, was the primary culprit. While Fannie and Freddie exacerbated the crisis after the fact, the author asserts they had lost significant market share by 2006 and could not have inflated the bubble. Overall, the document maintains most responsibility lies with the deregulated private mortgage industry and lack of oversight, not government-backed lenders.
The document discusses conservative ideas for advancing liberty in the Western United States. It summarizes that the federal government owns nearly half of all land west of Nebraska and is increasingly using that ownership to limit Western states' access to natural resources and tax revenue. This has made the Western states more dependent on the federal government. The document argues that restoring states' control over their own resources and reducing dependence on federal funds would help make government more accountable and responsive to local needs.
Hillary blumenthal drumheller original documents galston finalAnonDownload
This document summarizes Bill Clinton's successful 1992 presidential campaign and presidency, which helped renew the Democratic Party after losses in the 1980s. Clinton espoused an agenda that combined traditional liberal goals with new policies on issues like crime, welfare, and education. His policies emphasized economic growth, fiscal responsibility, and national security while adjusting the party's alignment with mainstream values. As president, Clinton oversaw strong economic growth, falling deficits, and improvements in social indicators like crime and poverty rates. His renewal of the Democratic creed established principles that helped Barack Obama become the first African American president in 2008.
The Washington Post's Coverage of the Financial Crisisagrand905
The document summarizes The Washington Post's coverage of the financial crisis from 2004-2008. It discusses how the Post provided early warnings of the housing bubble and recession. It also covers the Post's analysis of the crisis's impact on Wall Street, Main Street, government policy responses, and key events like the use of TARP funds to bail out automakers. The document examines the Post's balanced and fact-based approach to explaining the complex financial issues facing the economy.
Slide 7 WestCal Political Science 1 - US Government 2015-2016WestCal Academy
American Leadership Policy Studies (ALPS) is a for-college credit certificate program that teaches the fundamentals of American government. ALPS includes a custom tailored Political Science 1 – US Government course taught in partnership with accredited colleges to assure students receive college credit. The class is taught from the perspective of industry professionals who work in local/state/federal bureaucracies and/or political/union campaigns. This course program may operate at the site of a partnering college or instructor of record who licenses ALPS course materials from WestCal Academy or at WestCal Academy’s main campus in partnership with an accredited college. WestCal Academy
This slide covers the following:
1. Bureaucratic Power
2. Iron Triangles
3. Presidential Control Of The Bureaucracy
4. Congress And Its Members
5. Congress Versus The Executive Branch
6. Supreme Court
7. Legitimacy Factor In Law Making
8. Federal Court Structure
9. Elite Propaganda & Cinemocracy
10. Thomas Paine’s “Common Sense”
Article v convention / Why not? here's why notRobert Powell
Constitutional education-- American Government-- The rational reasoning and rebuttal to the Article V Convention.
James Madison letter voicing his deep concern.
Star-Gazette letters-to-the-editor By Gerald J. Furnkranz 2005-09Gerald Furnkranz
- Obama's first pitch at the MLB All-Star Game was widely considered weak and inaccurate, landing short of home plate, but the media portrayed it in a positive light to enhance Obama's image.
- The author argues that Obama and the media employ similar tactics of manipulation and embellishment to portray Obama's policies and performances in an unjustifiably positive manner and hide his shortcomings.
- The author believes Obama's policies will devastate the country's economy and that the media acts as an arm of Obama's publicity campaign by beautifying his image.
This document discusses unaccompanied alien children arriving at the US border and whether this situation should be considered an immigration crisis or humanitarian crisis. It provides background on laws related to unaccompanied children and argues the situation is a humanitarian crisis due to violence and poverty in Central America. The document advocates for supplemental funding to improve conditions for detained children and to address root causes in home countries. It also discusses views from Congressman Adam Smith who supports increased legal representation for children to have fair treatment.
This document discusses the debate around immigration to the U.S. It notes that while immigrants have historically contributed to U.S. economic growth and prosperity, the debate has taken different turns as some native-born Americans see immigration as a threat. While most agree some level of immigration is acceptable, there is disagreement around how many and what types of immigrants to allow. The document also outlines some arguments made against immigration and taxes paid by undocumented immigrants. It concludes that the debate is complicated by politics and gerrymandering that reduces incentives for compromise.
The document discusses several key political issues in the United States and the general positions of Democrats and Republicans on those issues. It provides background on the emergence of the Tea Party movement in response to government bailouts and increased spending. It then lists the core beliefs of the Tea Party and contrasts Democratic and Republican perspectives on issues like abortion, gun control, the environment, and taxes.
1) In the late 1990s and 2000s, Fannie Mae and Freddie Mac bought and guaranteed large numbers of risky mortgages, leading to massive losses. Their executives received huge bonuses despite fraudulent accounting.
2) Attempts to increase oversight and regulation of Fannie Mae and Freddie Mac in the early 2000s were blocked by Democrats who had received large political donations from them.
3) The risky practices of Fannie Mae and Freddie Mac ultimately led to their bankruptcy and taxpayer bailouts totaling billions of dollars during the 2008 financial crisis.
Tipping Point On Distrust Of Government Scott S Powell And Robert J Herbold...Scott Powell
The article argues that a tipping point has been reached where the American people deeply distrust the government and its legislative process. It claims that the government has become too focused on collectivism and expanding its role, undermining personal responsibility and choice. The piece advocates for health care reform that relies less on increased government bureaucracy and spending and more on free market principles and individual choice.
The document discusses how the United States has become a socialist republic through incremental changes over the past century that have established a strong social welfare system. It argues that while Americans support these social programs, the country cannot afford the costs of these programs given demographics like declining birth rates. The system needs reform to control costs, like reducing future benefit increases, or these programs risks becoming unsustainable and benefits being reduced drastically.
Utah State Representative Ken Ivory has been a leader in the pursuit of fiscal self-reliance in Utah, with regard to both issues—federal fund transfers and land ownership. Ivory was a primary sponsor of the Financial Ready Utah bills, as well as the 2012 Transfer of Public Lands Act, which establishes a framework for the transfer of certain federal lands to the state of Utah in the coming years. Ivory also serves as president of the American Lands Council (www.AmericanLandsCouncil.org), a nonprofit composed of state officials, local governments, businesses, organizations and individuals interested in advancing the cause of local control of land access, land use and land ownership.
Earlier this month, Reason Foundation Director of Government Reform Leonard Gilroy interviewed Rep. Ivory on the rationale behind the Financial Ready Utah bills and the Transfer of Public Lands Act, the history of federal control of western lands, and much more.
The speaker thanks participants in the fiscal summit and announces that several foundations will partner to conduct an unprecedented citizen engagement exercise on June 26th in 20 cities to discuss the federal fiscal challenge. Citizens will be provided information on reform options and asked to propose reform packages to achieve long-term fiscal objectives. The results will be valuable to policymakers and others. The speaker emphasizes that bridging partisan divides will be critical to turning ideas into bipartisan policy actions.
“THE END OF THE AGE OF ENTITLEMENT”
ADDRESS TO THE INSTITUTE OF ECONOMIC AFFAIRS LONDON 17 APRIL 2012
JOE HOCKEY MP
THE END OF THE AGE OF ENTITLEMENT
INSTITUTE of ECONOMIC AFFAIRS
LONDON
This paper is a summary of press clippings gleaned from Internet during the period April to July 2008. This exercise was performed to provide a quick summary of the US credit crisis at that particular point in time / 2nd quarter 2008. The paper was presented to a non native English speaking European audience consisting primarily of insolvency judges July 3rd 2008 in Paris.
Slide 3 WestCal Political Science 1 - US Government 2015-2016WestCal Academy
This document provides a summary of 17 lecture topics from a political science course on US government, including America's elite membership, policy changes and innovations, political conflict, stability and instability, corporate and economic power, globalization, and how elites exercise power. It also summarizes John Locke's "Second Treatise of Government" over the course of 17 sections, outlining Locke's philosophy of natural rights, property, consent of the governed, and the purpose of government to protect individual rights and property.
This document proposes an "Immigration & Debt Elimination Act" (IDEA) with several components:
1) Allow honest employers to privately sue dishonest employers who hire undocumented immigrants, obtaining $50,000 per worker in damages to discourage the practice.
2) Charge the 4 million immigrants waiting legally $10,000 each for work visas, generating $40 billion for debt reduction or infrastructure jobs. Charge the 11 million undocumented immigrants $30,000 each over 10 years for work visas, generating $330 billion.
3) The money collected from immigrants combined with tax revenue and enforcement savings could generate nearly $500 billion to reduce debt and invest in infrastructure and job creation. Most support
The document summarizes how structural racism and a lack of systemic thinking contributed to the subprime mortgage crisis. Mortgage lenders targeted minority neighborhoods with predatory lending practices like subprime loans. This disproportionately impacted black and Latino homeowners and neighborhoods. Courts have recognized that housing policies must address the systemic nature of racism and its cumulative impacts across domains like education and employment to promote fair housing opportunities.
The document summarizes and responds to arguments made in a Florida state budget debate. It argues that the state Senate and media are wrongly advocating for tax increases to fund additional government spending, while the House and Governor correctly want to keep taxes low and "live within the state's means." The document asserts that Florida's economic growth is best encouraged by cutting taxes, not raising them, and that spending on education and Medicaid is unsustainable without reforms to introduce competition and efficiencies.
The article argues that Fannie Mae and Freddie Mac do not deserve most of the blame for the housing bubble and financial crisis. It claims the private mortgage industry, which originated three quarters of risky subprime loans between 2004-2007, was the primary culprit. While Fannie and Freddie exacerbated the crisis after the fact, the author asserts they had lost significant market share by 2006 and could not have inflated the bubble. Overall, the document maintains most responsibility lies with the deregulated private mortgage industry and lack of oversight, not government-backed lenders.
The document discusses conservative ideas for advancing liberty in the Western United States. It summarizes that the federal government owns nearly half of all land west of Nebraska and is increasingly using that ownership to limit Western states' access to natural resources and tax revenue. This has made the Western states more dependent on the federal government. The document argues that restoring states' control over their own resources and reducing dependence on federal funds would help make government more accountable and responsive to local needs.
Hillary blumenthal drumheller original documents galston finalAnonDownload
This document summarizes Bill Clinton's successful 1992 presidential campaign and presidency, which helped renew the Democratic Party after losses in the 1980s. Clinton espoused an agenda that combined traditional liberal goals with new policies on issues like crime, welfare, and education. His policies emphasized economic growth, fiscal responsibility, and national security while adjusting the party's alignment with mainstream values. As president, Clinton oversaw strong economic growth, falling deficits, and improvements in social indicators like crime and poverty rates. His renewal of the Democratic creed established principles that helped Barack Obama become the first African American president in 2008.
The Washington Post's Coverage of the Financial Crisisagrand905
The document summarizes The Washington Post's coverage of the financial crisis from 2004-2008. It discusses how the Post provided early warnings of the housing bubble and recession. It also covers the Post's analysis of the crisis's impact on Wall Street, Main Street, government policy responses, and key events like the use of TARP funds to bail out automakers. The document examines the Post's balanced and fact-based approach to explaining the complex financial issues facing the economy.
Slide 7 WestCal Political Science 1 - US Government 2015-2016WestCal Academy
American Leadership Policy Studies (ALPS) is a for-college credit certificate program that teaches the fundamentals of American government. ALPS includes a custom tailored Political Science 1 – US Government course taught in partnership with accredited colleges to assure students receive college credit. The class is taught from the perspective of industry professionals who work in local/state/federal bureaucracies and/or political/union campaigns. This course program may operate at the site of a partnering college or instructor of record who licenses ALPS course materials from WestCal Academy or at WestCal Academy’s main campus in partnership with an accredited college. WestCal Academy
This slide covers the following:
1. Bureaucratic Power
2. Iron Triangles
3. Presidential Control Of The Bureaucracy
4. Congress And Its Members
5. Congress Versus The Executive Branch
6. Supreme Court
7. Legitimacy Factor In Law Making
8. Federal Court Structure
9. Elite Propaganda & Cinemocracy
10. Thomas Paine’s “Common Sense”
Article v convention / Why not? here's why notRobert Powell
Constitutional education-- American Government-- The rational reasoning and rebuttal to the Article V Convention.
James Madison letter voicing his deep concern.
Star-Gazette letters-to-the-editor By Gerald J. Furnkranz 2005-09Gerald Furnkranz
- Obama's first pitch at the MLB All-Star Game was widely considered weak and inaccurate, landing short of home plate, but the media portrayed it in a positive light to enhance Obama's image.
- The author argues that Obama and the media employ similar tactics of manipulation and embellishment to portray Obama's policies and performances in an unjustifiably positive manner and hide his shortcomings.
- The author believes Obama's policies will devastate the country's economy and that the media acts as an arm of Obama's publicity campaign by beautifying his image.
This document discusses unaccompanied alien children arriving at the US border and whether this situation should be considered an immigration crisis or humanitarian crisis. It provides background on laws related to unaccompanied children and argues the situation is a humanitarian crisis due to violence and poverty in Central America. The document advocates for supplemental funding to improve conditions for detained children and to address root causes in home countries. It also discusses views from Congressman Adam Smith who supports increased legal representation for children to have fair treatment.
This document discusses the debate around immigration to the U.S. It notes that while immigrants have historically contributed to U.S. economic growth and prosperity, the debate has taken different turns as some native-born Americans see immigration as a threat. While most agree some level of immigration is acceptable, there is disagreement around how many and what types of immigrants to allow. The document also outlines some arguments made against immigration and taxes paid by undocumented immigrants. It concludes that the debate is complicated by politics and gerrymandering that reduces incentives for compromise.
The document discusses several key political issues in the United States and the general positions of Democrats and Republicans on those issues. It provides background on the emergence of the Tea Party movement in response to government bailouts and increased spending. It then lists the core beliefs of the Tea Party and contrasts Democratic and Republican perspectives on issues like abortion, gun control, the environment, and taxes.
1) In the late 1990s and 2000s, Fannie Mae and Freddie Mac bought and guaranteed large numbers of risky mortgages, leading to massive losses. Their executives received huge bonuses despite fraudulent accounting.
2) Attempts to increase oversight and regulation of Fannie Mae and Freddie Mac in the early 2000s were blocked by Democrats who had received large political donations from them.
3) The risky practices of Fannie Mae and Freddie Mac ultimately led to their bankruptcy and taxpayer bailouts totaling billions of dollars during the 2008 financial crisis.
Tipping Point On Distrust Of Government Scott S Powell And Robert J Herbold...Scott Powell
The article argues that a tipping point has been reached where the American people deeply distrust the government and its legislative process. It claims that the government has become too focused on collectivism and expanding its role, undermining personal responsibility and choice. The piece advocates for health care reform that relies less on increased government bureaucracy and spending and more on free market principles and individual choice.
The document discusses how the United States has become a socialist republic through incremental changes over the past century that have established a strong social welfare system. It argues that while Americans support these social programs, the country cannot afford the costs of these programs given demographics like declining birth rates. The system needs reform to control costs, like reducing future benefit increases, or these programs risks becoming unsustainable and benefits being reduced drastically.
This document discusses different models of federalism in the United States and debates which level of government should have more control over certain issues. It outlines that the national government is responsible for issues like national defense and foreign policy, while states handle elections and public safety. It also describes different forms of federalism over time, from cooperative to new and coercive federalism. The document argues that some issues like immigration are best handled at the national level due to cross-state impacts, while others like minimum wage may be better left to state regulation to avoid large economic fluctuations. Overall, it conveys that federalism has adapted over history and both national and state governments rely on each other.
this is due in 7 hours....... must have done in 7 hours.... must.docxkbrenda
The New Deal dramatically changed the role of the US government in the economy and society by expanding the social welfare state and moving away from laissez-faire policies. FDR introduced programs like Social Security, the WPA, and the TVA to provide relief, jobs, and infrastructure during the Great Depression. These programs established precedents for an active government role in regulating markets and supporting citizens' basic needs that differed sharply from earlier limited government approaches. Political factors like public support for relief during the economic crisis led to the New Deal's success in enacting these transformative policies and programs.
Byline BY JOSEPH E. STIGLITZ ILLUSTRATION BY STEPHEN DOYLEOF TH.docxRAHUL126667
Byline: BY JOSEPH E. STIGLITZ ILLUSTRATION BY STEPHEN DOYLE
OF THE 1%, BY THE 1%, FOR THE 1%
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation's income-an inequality even the wealthy will come to regret
It's no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation's income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous12 percent in the last quarter-century alone. All the growth in recent decadesand morehas gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow.
Economists long ago tried to justify the vast inequalities that seemed so troubling in the mid-19th centuryinequalities that are but a pale shadow of what we are seeing in America today. The justification they came up with was called "marginal-productivity theory." In a nutshell, this theory associated higher incomes with higher productivity and a greater contribution to society. It is a theory that has always been cherished by the rich. Evidence for its validity, however, remains thin. The corporate executives who helped bring on the recession of the past three yearswhose contribution to our society, and to their own companies, has been massively negativewent on to receive large bonuses. In some cases, companies were so embarrassed about calling such rewards "performance bonuses" that they felt compelled to change the name to "retention bonuses" (even if the only thing being retained was bad performance). Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin.
Some people look at income inequality and shrug their shoulders. So ...
This document discusses the future of Social Security in the United States. It argues that privatizing Social Security by putting funds into private investment accounts on Wall Street would jeopardize retirees' economic security and the country as a whole. Private accounts could lose value dramatically in a poor market, and there are no guarantees of returns. Privatization would also worsen the federal deficit and debt. The claim that Social Security is unsustainable is a myth, as it currently has a $2.7 trillion surplus and can pay 77% of benefits through 2036. The document calls on Congress and citizens to protect Social Security from those conspiring to dismantle the program.
CHAPTER 1 Approaching the Study of Public Administration Never b.docxcravennichole326
CHAPTER 1 Approaching the Study of Public Administration
Never before has man had such capacity to control his own environment, to end thirst and hunger, to conquer poverty and disease, to banish illiteracy and massive human misery. We have the power to make this the best generation of mankind in the history of the world—or to make it the last.
John F. Kennedy,
United Nations address, New York City,
September 20, 1963
The governor of a large state publicly disagrees with the legislature on the condition of state government finances, taking issue especially over the question of which state employees and services are necessary to cut. A police officer is injured and requires emergency medical treatment following a traffic accident while pursuing a dangerous driver who has stolen a car. A teachers' union rejects an attempt by the school board to charge teachers higher fees for health insurance coverage. The Lieutenant Governor of California and the Governor of Kansas publicly assert that National Guard troops stationed in Iraq are needed at home to provide assistance after the wildfires and tornados that ravaged their states. The chairman of the powerful state legislative appropriations committee in a large Southern state bluntly announces that “We don't want any more government.” To meet severe budget deficits, several states increase university fees and tuition for college students, cutting health care programs for the poor and elderly, closing state parks and recreation areas, and releasing prisoners before the end of their sentences. The city of Costa Mesa, in affluent Orange County, California, lays off nearly half of its employees. Record high oil prices contribute to an energy crisis that threatens major segments of the U.S. economy. Local government bargaining teams negotiate around-the-clock with a transportation workers' union in an effort to avert a threatened strike only days away. During the presidential campaign, a candidate promises to cut the size of the federal bureaucracy in half. The president and Congress fail to agree on federal budget priorities and, as a result, national parks must close, economic reports are delayed, and Social Security recipients fail to receive benefits.
What do these examples, all drawn from real-life situations, have in common? They represent critical aspects of public administration, one of the most important dimensions of the American governmental process and one with increasing influence both inside and outside of government.
Public administration in America today is a large and highly complex enterprise made up of thousands of smaller units that encompass the everyday activities of literally millions of citizens and government employees. The actions and decisions of public administrators touch the daily lives of virtually every American. The growth and reduction of government activity and public bureaucracy are among the most significant social phenomena of recent decades. The composition, ...
Federalism divides power between the central US government and state governments. It gives both levels of government authority over certain policy areas and requires their agreement to constitutional changes. Over time, the division of power has shifted, with the federal government's authority expanding into new areas but states still maintaining important regulatory functions. Debates continue around balancing federal and state power, with some presidents seeking to recentralize certain responsibilities to the states through "New Federalism" initiatives.
The document summarizes three major current economic problems in the United States: the national debt, unemployment, and healthcare. It discusses how the national debt grew to $17 trillion due to deficit spending by recent presidential administrations. Unemployment remains high with many Americans unable to find living-wage jobs. Access to affordable, quality healthcare is also a challenge as costs continue rising. Solutions proposed include reducing government spending, raising taxes, and promoting policies to support job growth and medical freedom.
केरल उच्च न्यायालय ने 11 जून, 2024 को मंडला पूजा में भाग लेने की अनुमति मांगने वाली 10 वर्षीय लड़की की रिट याचिका को खारिज कर दिया, जिसमें सर्वोच्च न्यायालय की एक बड़ी पीठ के समक्ष इस मुद्दे की लंबित प्रकृति पर जोर दिया गया। यह आदेश न्यायमूर्ति अनिल के. नरेंद्रन और न्यायमूर्ति हरिशंकर वी. मेनन की खंडपीठ द्वारा पारित किया गया
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
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Youngest c m in India- Pema Khandu BiographyVoterMood
Pema Khandu, born on August 21, 1979, is an Indian politician and the Chief Minister of Arunachal Pradesh. He is the son of former Chief Minister of Arunachal Pradesh, Dorjee Khandu. Pema Khandu assumed office as the Chief Minister in July 2016, making him one of the youngest Chief Ministers in India at that time.
1. LIBERTY PARTY USA: ENSURING FREEDOM
FOR FUTURE GENERATIONS
In January of 2008, the first Baby Boomers are eligible for Social Security benefits, to
be followed by Medicare in 2011. By 2020, the drain on Social Security and Medicare funds
will enter peak years. Our citizens have been misinformed by the present political leadership
regarding both the present and future size of our debts. Due to the federal “entitlement”
system created over the past 75 years, the bills for those benefits and many other federal costs
are being passed to our children. These present benefits are an illegal and immoral transfer
from the future that will impoverish rising generations.1 These entitlements and the other bills
for our massively oversized federal government will condemn the next generation to a sinking
standard of living and overwhelming debt, resulting in the loss of the very freedoms this
nation was created to protect. Unfortunately, the existing political class is unwilling or unable
to make the hard decisions that could avert the pending destruction and preserve our country.
It has become impossible to even begin to address this complex problem in the current
political environment in Washington. The country’s current political leadership is unable to
make radical changes necessary to avert overwhelming indebtedness because they subscribe
to and benefit from the philosophy that has created the problem. The relationships among and
within the present political class are destroying our ability to pursue our happiness. The ruling
political class in Washington must go.
We the citizens of America have the duty to make radical changes in the way the federal
government operates to make it perform its proper mission for the sake of our children and all
future generations. The responsibility to make these changes is assigned to the people by the
Declaration of Independence. It is time to exercise that power.
As currently projected, the federal debt caused by the “entitlements” and other existing
federal programs will rise from $120,000 for each family of four in 2007 to over $600,000 in
less than three decades (and inflation will be added on top of that). As the debt increases, our
standard of living will decline. The impoverished younger generations will be unable to pay.
The $53 trillion “mortgage” for a “house” they do not own will create a state of indentured
servitude for future working Americans, in violation of the 13th Amendment to the
Constitution.
Indentured servitude? Most new residents of the American colonies were indentured
servants. They entered into a voluntary contract to work for a set time period and then move
on to freedom with a small parcel of land. The younger generations of Americans have signed
no such contracts obligating them to pay for the older generations’ benefits. Yet the federal
debt sentences them to the status of indentured servants with no prospect for freedom unless
we change the political system that is bankrupting them.
1 Jefferson and Washington clearly stated that each generation is morally obligated to pay the debts it generated
(major war costs excepted) before it passes from the scene.
2. America was created in a revolution to release people from bondage under the control of
a central government. The nation’s political parties (the Repocrats2) have turned this concept
upside down over the past century. Our present class of politicians has made unsustainable
political promises to satisfy their lust for power and literally stolen the country from the
citizens for their own benefit and the benefit of their supporters, fighting among themselves
for room at the public trough. The Repocrats think the citizens work for them rather than
recognizing that we hire them to do the very few specific tasks we need the federal
government to perform. The money taken by force (do not pay your taxes and an armed
officer will be on your doorstep!) from Americans’ paychecks over the last 75 years is not
only unreasonably large but has been spent far too often on the priorities of politicians serving
special interests and to further their own agendas. These funds were obtained from repeated
increases in taxation and by borrowing from the future. The money taken from citizens was
not invested in productive activities that yield returns to be applied to the “general welfare” of
the citizens, as called for in the Constitution. It was used to enrich the present political class
and certain special interests at the expense of the citizens.
The Repocrats have now become so crazed in their immoral exercise of power that they
name institutions after themselves as if they were royalty (see the Charles B. Rangel (D-NY)
Center for Public Service and the Thad Cochran (R-MS) Research Center, among over 11,000
examples of grotesque irresponsibility (“earmarks”) in the 2008 budget bills). This must
cease! A couple of centuries ago, Americans fought a Revolution over taxes and abuse of
power to stop this kind of absurd lien. Yet today we merely pass the problem to the younger
generation, America’s children. Left unrestrained, the Repocrats will continue to run
roughshod over the citizens and leave bankruptcy as a legacy to our posterity!
The Repocrats do not focus on these issues when they talk to the voters, for obvious
reasons. They are apparently incapable of recognizing there is in fact no “trust fund” for any
of the entitlements or other federal spending, only IOUs that must be paid for out of future
annual tax revenues imposed on the wages of working Americans and the investments of
retired Americans. Some argue that “we owe it to ourselves.” They are wrong. The
generations in power have no right to encumber America’s children with the cost of their own
current benefits. The younger generations will be unable to pay the interest and principal on
the rising debt, and they are different individuals from those who benefit from the current
massive wealth transfers and other irresponsible federal spending. Yet the Millennial
Generation will be forced to bear the expense tomorrow while the older generations consume
the benefits today. This pyramid scheme must cease. The generations in power must take
financial responsibility for what they consume and not pass the bill to the children.
The Repocrats have saddled the nation with a huge “negative amortization mortgage”
(rising federal debts), owed by future generations of workers. This is exactly the same kind of
2 The existing political power structure includes members of the Republican and Democratic Parties and [a very
few] independent elected officials. To make it easy to refer to the current political class as a whole, we reach
back to the original Greek (demos and kratien) and Latin (res publica) and simplify the long result to
“Repocrats”. The mnemonic devices for this word are simple: having your car or house repossessed in the one
case, and creating enormous numbers of bureaucrats to address every imaginable special interest in the other.
2
3. problem the “inside the Beltway” crowd is loudly criticizing mortgage lenders for allegedly
bringing about in the housing sector. But these politicians are committing this outrageous
fraud against the future of the entire country without the population’s understanding or
agreement. This hypocrisy must stop!
The phrase “moral hazard” has been mentioned quite often during the current mortgage
meltdown. Technically, a moral hazard is created when an individual believes someone else
will pay the cost if some action creates a negative outcome. The concept of risk management
is obviously key to solving this problem. We voluntarily enter relationships to insure against
the risk of trouble (e.g., auto and fire policies), but we fully understand that we should not
then go out and wreck our car or burn our house down because we still bear costs for our
actions.
The federal government’s intrusion into many areas where it has no legitimate business
has created a perfect storm of moral hazards. The U.S. has become a society in which
everyone appears convinced almost nothing is their responsibility, but virtually every problem
belongs to the federal government. Massively increasing costs of health care and education
and a string of disasters created by federal flood insurance subsidies are clear examples of
burdens created by unwise federal involvement financed at the cost of future generations in
the false believe that they make society better off. In all of these cases, the federal government
has aggrandized power from the states and the people and inserted itself in areas where it has
no legitimate function to perform. The fact is that government involvement is the cause of the
problem, not the solution. Now virtually every real or imagined problem appears to demand a
federal solution rather than having the people and governments with direct knowledge of what
is happening take responsibility for their actions. Meanwhile, the Repocrats search wildly for
someone to blame for problems they have caused (“bad mortgage brokers”).
In an area currently on the front pages, the Repocrats in Congress and the White House
called for the expansion of mortgage lending into extremely risky areas and ensured the
government sponsored enterprises lowered their credit standards (100% financing made
possible by Fannie Mae in their $2 trillion dollar “American Dream Commitment” in 2000) to
get inappropriate loans made. Under the “National Minority Homeownership Initiative” and
related initiatives regarding first time borrowers, Fannie reported lending “$1.3 trillion for
nearly 12 million targeted families” with an average 3% down payment requirement. Fannie
further reported they “completed two-thirds of the American Dream Commitment in about
30% of the time.” The moral hazard from this irresponsible government lending far exceeds
that of foolish private lenders. The horrible results of this federal intrusion into private
decisions on how and where to live are generating calls for further federal bailout action at the
cost of increased debt to be paid by future generations. We are misleading ourselves if we
think the fault lies with unscrupulous lenders, who have always been working at the fringes of
legitimate business. The federal government’s inappropriate interference created the problem,
and cannot provide the solution. Citizens are being asked to pay for creating the problem as
well as trying to “solve” it with bailouts that will once again be shipped to the future. This
kind of “collective irresponsibility” is pushing America over the brink. Young America
cannot afford the future bills from “help” like this!
3
4. Keeping the harsh economic reality of the upcoming federal debt out of the view of the
voters, the federal government produces reports on the financial condition of the nation that
systematically violate the basic accrual accounting rules for future liabilities that we apply to
individuals and businesses. Our government reports to us only those expenses they pay in
each year and covers up the growing bill for future expenses. The citizens are not provided
accurate and complete reports on the government’s financial condition on a regular basis!
Although the Repocrats sanitize their financial reporting through the Office of Management
and Budget and the Congressional Budget Office, the reporting is not in accord with
accounting rules we must abide by. Somehow only the Comptroller of the Currency seems to
get it. The present political discourse inside the Beltway is based on an erroneous
understanding of our nation’s precarious financial position and has placed the country at the
tipping point. Traversing the tipping point will make Americans powerless over their destiny.
Unless we take action now, we will be able only to react helplessly during the unraveling
brought on by massively increasing future indebtedness and repeated rounds of more severe
devaluation of the U.S. currency.
The Repocrats are unable and unwilling to restore financial integrity and preserve liberty,
due to the “promise them anything” philosophy that they have used to gain power. The costs
of the massive expansion of inefficient and ineffective federal intrusion into our lives by the
Repocrats since WWII are creating dire consequences for all future Americans. Government
cannot deliver what has been promised and the financial weight of government is taking us
under. Fifty years ago, we had a large and increasing middle class, virtually no debt except
from WWII, and a government that worked for the people. Looking ahead, the next
generations will be unable to afford their existence.
Good news! There is nothing in our Constitution that requires us to rely on two
political parties that are both part of the problem, not the solution. The Liberty Party USA is
trying to provide freedom to future generations by having the federal government do exactly
what it was designed to do, and stop performing activities that are the business of the people
and the states, not the federal government. To change our present course and sustain our
liberty will require significant changes.
The key components of the Liberty Party USA platform necessary to reverse America’s
decline are:
1. Revoke the 73 linear feet of indecipherable and contradictory federal tax code in
its entirety and create a new tax return (individual and corporate) which fits on one piece of
paper. Impose a flat, broad based, 15% tax on all incomes (wages, interest, dividends, capital
gains, and profits). This will immediately save up to $300 billion annually that is currently
wasted on professional fees and oversight costs. There are additional billions wasted on
corporate and individual “tax avoidance” strategies, but those costs are effectively
incalculable. This simplification will empower thousands of our brightest and most well
educated citizens to engage in productive activities rather than simply being deadweight costs
for the economy. Most important, the savings will provide the income tax revenue needed to
4
5. pay legitimate federal expenses. The new income tax will be accompanied by up to $25,000
(indexed for inflation) in personal exemptions for a family of five, making the effective tax
rate 7.5% for median income families. Liberty Party USA wants the vast majority of
Americans to feel responsible for paying their share for the benefits of living in this incredibly
great country – despite the Repocrats! High income individuals and corporations will pay the
maximum rate. The flat income tax will be supplemented by a consumption tax of 5% on
goods and services, excluding medicine and food for preparation in the home. Finally,
LPUSA will reduce payroll withholding to 10% from the present 15.3% to provide direct
relief to the lower and middle classes. Every working American with annual income up to
$98,500 will retain an additional 5.3% every year to spend as they see fit. This tax system is
an effective revenue generator. The simplicity of the Liberty Party Tax Code will immediately
save hundreds of billions in enforcement and compliance costs. We intend to provide a
simplified, understandable, and manageable tax code that removes incentives to misallocate
resources for tax reasons.
2. We must promptly reduce the size of the Executive Branch to five Cabinet posts
(Defense, Justice, State, Treasury, and Interstate Affairs) to perform the legitimate federal
activities called for in the Constitution, as amended over time. Merge or phase out all other
activities on a three-year glide path. Create enforceable, transparent, and well defined
standards of conduct for these activities to ensure the citizens can determine that they are
performed efficiently and effectively. Reduce the duration and frequency of legislative
Sessions of the Congress to comport with the proper Constitutional role of the federal
government as described herein. Reduce the costs of the Legislative Branch including staff, to
comport with the reduced scope of federal activities. Take the present 11,000 legislative
“earmarks” down to zero. Require all federal spending bills to openly identify the single
element of the Constitution that assigns responsibility for that specific task to the federal
government and takes it away from the states and the people (eliminate “earmarks”). Limit
terms for members of the Congress to 12 years to protect the citizens against a self-perpetuating
political class that promises everything to gain power but never has to deal with
the issues faced by private citizens. Perform a proper calculation of the federal balance sheet
and income statement in accordance with generally accepted (accrual) accounting principles
(GAAP). Presently the government does not count expenses that they run up and do not pay.
This kind of accounting dupes the citizenry into tolerating yet more expenses. Counting the
real federal obligations and expenses will show a total federal liability of approximately $53
trillion by 2030 (with a 7% interest rate assumption).
3. Adjust federal entitlement expenditures to match accurately measured tax
revenues and expenses. Cease all federal involvement in Medicaid immediately and leave
such care to the discretion of the states and the people (9th and 10th Amendments). Empower
the patient doctor transaction by reducing our reliance on the present third party payer system.
This money will be promptly returned to working citizens in every paycheck by their FICA
reduction of 5.3%. Remove the federal government from the medical care business and reduce
the cost of medical care by over 50%. Federal Medicaid payments will cease within three
years and those funds will be returned to the working poor in a direct reduction of FICA
payments from 15.3% to 10%. When individuals are enabled to re-establish their relationships
5
6. directly with the doctor, they will discover it’s measurably better then the current third party
payer system. The other 50-plus means-tested subsidy programs (grants from the federal
government to special interest groups) will be phased out over three years. These measures
will prove to be a bigger deterrent to illegal immigration then any possible “wall’ would be.
Finally, save Social Security by substantial reform. Because millions of people have made
inappropriate decisions relying on misleading federal promises, Medicare will be frozen at
2008 dollar levels and begin to phase out over 10 years. Social Security will become what it
was originally intended to be: forced savings for later years. Individual retirement funding is
clearly not a federal task, but past promises have led people to make foolish choices. There
will be a glide path for bringing workers’ contributions into their ownership (with appropriate
fiduciary constraints) rather than having them expended for the Repocrats’ political gain. The
federal Thrift Savings program will serve as a model for initial discussions.
4. Once we the people have acted to gain tax relief, put the federal government
into an appropriate role, and control entitlement costs, then and only then can we begin to pay
down the $9.1 trillion federal debt (as of October 2007) while the Baby Boom generation is
still working. The annual interest cost of over $420 billion on the existing debt is obviously
difficult for the real economy to absorb. But the Repocrats are adding to the debt at the rate of
$600 billion per year (in fiscal years 2005-2007) even as revenues increase rapidly. A
“mortgage payment” on the current debt (at 5%) for 30 years would be $586 billion annually.
If we wait to start paying it off until 2011, the first year that the Boomer generation reaches 65
and is eligible for Medicare, the mortgage (at 7%) reaches $917.7 billion annually or $76.5
billion a month. During fiscal 2007 the federal government collected tax revenue of $2.6
trillion! A fourth consecutive year of over 10% increases in taxes collected. Even given this
positive development the Federal debt has increased from $7.9 trillion in 2005 to $8.5 trillion
in 2006 and $9.1 trillion in 2007. Extending these increases the 2011 debt financing would
take 35% of all federal taxes annually. Wait until the debt reaches $53 trillion, and the annual
“mortgage payment” reaches $4.2 trillion per year!
Shortly, LPUSA will supplement these 4 platform planks with others. However,
LPUSA views the above 4 planks as the core beliefs necessary to be acted upon to preserve
our cherished liberties.
Oftentimes, the Repocrats conceal the relationships between their past actions and
current problems. Vernon L. Smith, (a Nobel Laureate in Economics) states; “...thank you
President Bill Clinton for the housing consumption binge and the latest housing bubble . . .
these government driven expenditures on housing consumption are more akin to satisfying
government-subsidized vanity.” (WSJ, Editorial page-Dec.18, 2007).
The recent omnibus spending bill to run the federal government in 2008 and passed by
Congress is a symptom of the enormity of the problem. It contains 8,993 earmarks for special
interests, 90% of which were never voted on by both houses of Congress and therefore are not
even laws (WSJ, Editorial page-Dec. 20, 2007). The Congressional elections a year ago,
which were supposed to address the earmarks problem, have obviously had little affect.
“Congress Oinks it’s Way to a Spending Bill” is the headline of an editorial in The Examiner
(Dec, 18, 2007).
6
7. “A democracy will continue to exist up until the time that voters discover they can vote
themselves generous gifts from the public treasury. From that moment on, the majority
always votes for the candidates who promise the most benefits from the public treasury with
the result that every democracy will finally collapse due to loose fiscal policy which is always
followed by dictatorship. . . . through the following sequence:
7
1. From bondage to spiritual faith.
2. From spiritual faith to great courage.
3. From courage to liberty.
4. From liberty to abundance.
5. From abundance to complacency.
6. From apathy to dependence.
7. From dependence back into bondage.”
Credited to Alexander Tyler (a Scottish history professor) in 1787, the year we ratified our
Constitution.
___________________________________________________________________________
Execute the planks above with energy, honesty, and openness!
Begin the debt reduction process now before the beneficiaries are gone!
Kill the negative amortization mortgage the Repocrats have placed on future generations!
Ensure the dollar remains the world’s reserve currency!
Avoid indentured servitude for working people and future generations!
Stop digging America under!
Almighty God grant us the wisdom to understand and the courage to act to
preserve our liberties. God Bless America. TC