The Biggest Congressional Blunder in Recent Memory--Ty Andros-27.Apr.2012

The Financial Survival Network ^ | 04/27/2012 | Kerry Lutz

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www.FinancialSurvivalNetwork.com presents:

We sat down with Ty Andros today. We're both travelling so forgive the less than stellar audio quality. Even though the government would like you to believe there's nothing's happening here, just move along please. First, and most importantly, when Congress last moved to increase the deficit, they thought it would carry them till after the election. However, they were off by several months, so around 60 days before the election, they'll have to go back to an issue that is as radioactive as Fukushima. We'll see if they can put the genie back in the bottle till after the election, but it's doubtful. The implosion of Europe is moving right along and picking up steam as we speak. Freedom continues to be abolished in the US with the nearing passage of the internet security act, which of course is all for your benefit and safety. The charts continue to tell the true story of the economy, gold, and the dollar. Ignore them at your peril and always remember that with every crisis comes great opportunity.

Listen to the Interview Here

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The Biggest Congressional Blunder in Recent Memory

It's hard to guess from the title which recent epic error they might be referencing:

I first considered Cash-for-Clunkers, which paid tax dollars to destroy wealth and thus create union jobs, a waste of $3 billion, which is comparatively small but still gets style points because the program was 100% wasteful, without even a pretense that the money would do any good for the country as a whole.

Next, I considered the shovel ready projects (oopsie, even Obama admits there were no shovel ready projects, but we still spent the money) funded by the $830 billion Stimulus Bill, which killed jobs but at least made many politically connected campaign donors happy.

How about TARP, a program to reward the Too-Big-To-Fail financial institutions with $700 billion in taxpayer dollars so that there would be no penalty for risky or irresponsible investing and those banks could get even bigger?

Or it could be nationalizing an inept and corrupt auto company to create Government Motors and take a giant step toward something on the spectrum between crony capitalism and national socialism, a work of criminal artistry for which it is difficult to calculate the cost because many private individuals paid the price of ignoring contract law, bankruptcy law, and all other relevant laws that used to govern business practices back when we believed in the rule of law.

Then there is ObamaCare, a massive extravaganza that would eventually dwarf the rest of today's federal budget, guaranteed to kill medical progress in America, kill our grandparents (our parents for those who are older, and us for those who are retired or approaching retirement), to wreck the federal budget, to reduce the quality of medical care to what we see at the Department of Motor Vehicles counters, and to hurt the re-election chances of the thugs who forced an unconstitutional law through Congress in opposition to the will of both the general public and constitutional scholars.

Frankly, it's hard to find anything the Congress has done since Pelosi's rise that has not been a blunder. The only reason they haven't made any budget blunders recently is that they no longer bother passing a budget. The GOP mostly varies from disappointing to disgusting, while the Democrat Party ranges from colossal stupidity to pure evil. Between the two sides, finding Congressional Blunders is like finding grains of sand at the beach or useless teachers at an urban school.