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The entire Western world will need to wake up to this.
Remember...never accept the mark.
Another gold bug article, I’m sure, if you ‘click to receive the free 9 page investment report’.
People have been saying this since 2008 ... before that even.
When?
So far both parties have been successful at:
__ sweeping things under the rug
__ kicking the can down the road
__ blaming each other
Bring it on already.
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I think that's true. Reagan's tax cuts, Clinton's capital gains tax cut, and Bush's tax cuts were all good, but the spectacular growth after each of them was probably due more to Fed money-printing. Don't get me wrong, the tax cuts were well-designed and necessary, but probably wouldn't have resulted in the growth figures we saw absent the funny money.
Why are more people working for the government than in the private sector? I want to describe what I call the political money cycle. It is the Mother's Milk of Big Government.
It is getting frightening the extent the monster of Big Government has grown. I want to describe what I think is the workings of the government political money cycle. It describes the public union/representative symbiosis as well as the huge lobby industry. It applies to both Democrats and Republicans:
The peoples representative enables government contracts and grant money to go out to a body of recipients. These contracts and grant money, of course, represents your tax dollars. The recipients of this tax money, to insure continued receipt of contracts or grant money, send campaign contributions back to their political benefactors. It cannot be emphasized enough that such campaign contribution kickbacks are in actuality, your tax money being recycled back to the representative. What they represent are an incentive to the politician to increase the cost of government so that the flow of these kickbacks can grow. This money is called the politicians War Chest. Lets take a closer look at the War Chest.
The War Chest is that sum of money, from political kickbacks and donations from the electorate. This sum of money does not sit in some bank until it is spent on the cost of a campaign. No, this money is being invested in the money market. Usually, the politician has good advice from his friends on where to invest that money. You can be certain that these War Chests are much larger than the amount accounted by the Public Disclosure Reports. In fact, over the years a politician is in office, they can amass millions in market growth. This the true power of the incumbent. It makes the idea of being in office without term limits a very lucrative business. It cannot be emphasized enough that all of this wealth generation is from tax money and donations. All of that money is an encouragement to the politician to grow more government and increase the level of taxation for their own personal wealth. Personal wealth? Yes, all the politician has to account for is what is stated by the Public Disclosure Reports. The wealth generated by that money is between public official and the IRS. I emphasize that the publicly stated value of the War Chest is not the true value of the War Chest. I am not even certain if that money needs to be reported to the IRS. I can imagine these politicians have a law that makes them exempt. Some Freeper out there may know more about that.
The more I think about this political money cycle, the more concerned for this nation I become. I hope it provides something someone can chew on and think of a way to break this political money cycle that encourages runaway government spending.
May be true but I wish for once, these folks that cry gloom and doom would do it for the good of others as opposed to making a buck. I would trust it more because you can be sure if I saw a tidal wave approaching, I would warn folks for free.
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What problem?? If we need more money, we’ll just print it. We’ve got plenty of paper and ink.
Someone needs to develop a computer program that let’s us print our money as we need it. You know, like the stamps.com web site that prints the stamps on your computer printer. We could just log into the U.S. Bureau of Engraving and Printing web site [moneyfactory.gov] and print what we need on our own printers.
Yet, I do see a ray of hope: the rise of the Tea Party movement. Building on the spirit of the people who got tired of an intransigent government before the American Revolution (in that case King George III and his cronies in Parliament), the Tea Party movement has finally forced many Americans to realize that there needs to be MANY changes in government if we are to continue to advance. There is--in my humble opinion!--only one potential Presidential candidate that clearly has a stand akin to the Tea Party movement: Sarah Palin.
I expect Palin to announce her candidacy for the Republican nomination for President on September 3, 2011, and it will be the start of perhaps the greatest grass-roots political movement in many, many years, one that will sweep the nation with surprising speed. It will indeed be the ultimate revolution by ballot box, in my estimation.
PING!