Soft Corruption?
Soft only because they have yet to be caught at harder stuff?

Should these ethically bankrupt servants of the people be bounced out of Congress on a rail after being tarred and feathered?
Yes indeed!
To those using the insider information they receive to feather their own nest it is “business as usual”.

Looks like it is now time these insiders get paid NO MORE than the average citizen and get tossed in the can for cheating the public while supposedly working on their behalf.

At what point did PUBLIC SERVANT change to CAREER OPPORTUNITY FOR LIFE?
Looks like it is high time THE PUBLIC voted in salary/perks for Congress members.
No doubt today a large number of them would be working for FREE.

Apparently Nancy Pelosi is a tad barked at the 60 Minutes report.

KILL THE BILL Reid is now in charge of the Boehner House Bill.

We can expect it to be KILLED on order of Barack Obama and Harry Reid. I assume Reid is expected to kill it in order to save the Obama hide. Obama having to veto it himself would only drive a few more nails into his re-election coffin lid.

Meanwhile our A++ credit rate will be downgraded because in order to hold it where it is we have to cut AT LEAST 4 TRILLION (FOR STARTS) according to Moody’s

Only the daffed (which apparently includes all of Congress as well as Obama) do not get piling on more debt and raising the debt ceiling DO NOT QUALIFY.

Gee Bat Man … I was wondering how long it would take markets to wake up and start to tank.

WHAT?
The U.S. 10-year Treasury bond – took a nose dive today?
The mornings fixed-income markets verged on collapse?
Now that was a shock don’t ya think?

Do you suppose investors have finally decided this is real-time “world economy serious”?

Meanwhile “kill the bill” Harry is oblivious to the issue. It appears to be politics as usual … SPEND, SPEND, SPEND … while he is saying we are going to CUT, CUT, CUT?

Does anyone have a straitjacket and rubber room handy for this guy?

It is most likely we are headed for another 2008 money crisis.
Well the silver lining in all of this is … we the average Joe really do not have that far to fall.

While Obama, Reid and crew are on the verge of A SERIOUS DECLINE IN THEIR OWN WEALTH.

THE DEBT CEILING: A Common Sense Guide to What Needs to Be Done

Here is the full transcript of the letter:

Today, President Obama renewed his request to raise the debt limit and continued to press for job-crushing tax hikes instead of larger spending cuts.

But as I’ve said: a tax hike cannot pass the House. It’s off the table. The American people know taxes aren’t the problem – Washington’s spending binge is the problem. And we’re standing with the American people.

There will be no debt limit increase unless it includes spending cuts that are larger than the debt limit increase; includes reforms to hold down spending in the future; and is free from tax hikes. If the president puts forward such a proposal, he has my word the House will act on it. But a measure that fails to meet these standards cannot pass the House.

We have an extraordinary opportunity to do something big for our economy. If we seize this moment, we can deliver an important victory for our country and for the future of our children and grandchildren.

Sincerely,
John Boehner

Spending Cuts Must Exceed Debt Limit Hike Or It Will Cost Jobs

Jun 24, 2011

Washington-

Today, Congressman John Boehner (R-West Chester) released the following column discussing President Obama’s request for an increase in the national debt limit:

“Last November, the American people voted for a new majority in the House and sent us to work with a clear objective: ending the job-crushing spending binge in Washington. The government’s addiction to spending has created even more debt, hurt our economy, and threatens our very way of life. But make no mistake; we have a debt crisis in this country because Washington continuously spends more than we have, not because our taxes are too low. So when the Democrats who run Washington proposed tax hikes as part of an agreement in our negotiations to raise the debt limit, I knew that this meant more problems for our economy and another way Washington would be hindering job creation. This is unacceptable.

“When President Obama requested a debt limit increase I was clear that any agreement would have to include spending cuts that were larger than any increase to the limit and that tax hikes were off the table. The American people will not accept an increase in the debt limit that is accompanied by job-crushing tax increases and fails to dramatically cut and reform government spending. And since January, I have been clear: the new majority in the House will stand with the people.

“The president and his party may want a debt limit increase that includes tax hikes, but such a proposal cannot pass the House. I agree with Stanford economist John B. Taylor when he said, If you look around the globe, the countries that have a simultaneous growth problem, and we have a very bad growth problem, and a budget problem – the recipe for success has been to keep taxes low and then cut spending on transfer programs and government employment. That really is a playbook that the U.S. should run and be much more successful.’

“The president and his party may want a debt limit increase without spending cuts that exceed the amount of the debt limit increase, but such a proposal cannot pass the House. On June 1st, more than 150 economists signed a statement agreeing with House Republicans that any debt limit increase that ‘is not accompanied by significant spending cuts and budget reforms to address our government’s spending addiction will harm private-sector job creation in America.’

“The president and his party may want a debt limit increase without budget reforms that will restrict Washington’s ability to spend in the future, but such a proposal cannot pass the House. Everyone agrees that we cannot continue down this path. Our nation’s debt currently stands at more than $14 trillion, which amounts to a $45,500 ‘birth tax’ for every child born in America this year or $120,500 for every household. The Federal Government is currently borrowing more than 42 cents of every dollar it spends, much of it from the Chinese, and sending the bill to our children and grandchildren. I believe our future generations deserve better and I intend to work toward that brighter future.

“House Republicans understand that a debt limit agreement that raises taxes and fails to rein in out-of-control government spending will not only hurt our economy but further impede much needed job creation across the country. If the president and his allies want the debt limit increased, it is only going to happen via a measure that meets these tests. If the president puts forth such a proposal, he has my word that the House will act on it. But legislation that fails to meet these tests cannot pass the House.

“If the president wants this done, he must lead. We have an extraordinary opportunity to do something big for our economy and for the future of our country. With presidential leadership, we can seize this moment and deliver something important for the people we are lucky enough to serve.

“Boehner represents Ohio’s 8th District, which includes all of Darke, Miami, and Preble counties, most of Butler and Mercer counties, and the northeastern corner of Montgomery County. He was first elected to Congress in 1990.”

Well it’s been one excruciating month of our communist educated president’s term in office. The teleprompter reading dolt has given the American people a press conference. Probably one of the few where he answers questions in an open manner. And the democrats are running full bore on destroying freedom and capitalism by any means necessary.

We got our fourth round of deficit spending. For those who forgot we had the bail out checks for a $152 billion. Then we got the housing bail out for $300 billion. Of those who took advantage of this 55% are now in default from this and the numbers are rising. Then we got the $700 banking bail out. These previous bail outs under Republican President Bush and the traitors to the people and most Republicans John McCain and John Boehner providing support and cover for democrats. Granted the democrats were in control of the congress and senate but Bush had the veto power. And now the latest buffoonery from the dictators in Washington the $825 billion bail out or as some would call it the Democratic Party pay out bill. So what we have here is a full blown assault on the treasury by both Republicans and Democrats.

And how have the capitalist reacted to this massive stupidity? Well in April of 2008 the stock market was in a rally up to 12,800 with the anticipation Bush would act like a Republican and veto any lack of common sense from Nancy Pelosi and congress. Bush proved to be as much of dumb ass as Nancy and bail out number one was soon signed for $152 billion and we all got a rebate check. The Dow Jones Industrial Average plunged to 11,380 by June 2008. There was another rally to 11,450 but that was soon squashed like an honor student in a Detroit ghetto. The second bail out of $300 billion sent the stock market down to 9,000 and the third $700 billion bail out along with our Dear Leader’s election sent the market to 8,800. Now with the latest socialist fascist bail out the market stands at 7,365.

Socialist and fascist would argue that the banks were failing and the stock market would have crashed anyway. Nothing could be further from the truth. If the banks were allowed to fail and the good assets divvied up among stronger banks the capitalist would be celebrating. That’s not to say that there would not have been fluctuations in the stock market. Of course there would be as the giants came crashing down. But the well run banks would have picked up the pieces and in the long run the economy would have been stronger as well as the stock market. Capitalism only works if the incompetent and weak are allowed to fail. Citibank should be history but they live on as some sick deranged animal infecting the healthy.

Is the lesson sinking in? Nothing could be clearer here. The government’s job is to protect the people and currency. When they fail to protect the currency the markets reacts. Fannie Mae, Freddie Mac, Alan Greenspan, Maxine Waters and George Bush failed to protect the currency all in their own destructive ways.

Let’s be clear. All these people and our Dear Leader have led us down the road to a mixture of fascism and socialism. We are going there. These movements can last 12 years as the case with Hitler or 72 years in the case of the former USSR. What we have here is the stupid and incompetent have gained control of the federal government as our founding father warned us would happen someday and they are taking us down the road to dictatorship and war.

How do I know the economic policies of the Dear Leader and the democrats will fail? Democrats and Keynesians always like to point to FDR’s New Deal. Well the New Deal brought a average unemployment rate of 17.2%. No thanks.
Then the democrats argue well FDR just wasn’t spending enough money and when WWII came finally enough money was in the system to reduce unemployment. Well let’s look at this argument. 9 million men and women enlisted in the military during WWII. Of those 416,800 died. Certainly a way to reduce the unemployment rate but it would be nice not to repeat this experiment in American history.

And what about the spending? In WWII 37% of the economy was devoted to war. The debt was 118% of the GDP. Currently our monetary base is up about 105% right along with our debt.

To counter these inflationary forces democrats conveniently forget to tell people the federal government had to have massive bond buying programs to get money out of circulations. Another fact conveniently omitted is the black market was a large part of the economy during WWII. Gasoline, sugar, meat, flour were all sold on the black market at extremely expensive rates with no supervision over the sanitary or quality of these products. Finally the other thing Keynesian economists forget to tell you about WWII spending getting the United States out of the Great Depression is the rationing. Yes everything was rationed just like in the former USSR or Cuba today. So many gallons of gas. So many eggs, flour, and so forth. Complete control over the people. Thanks but no thanks. Think I would rather put up with the capitalist pigs.

And this is the “rational” argument people like Fox News contributor Democratic strategist Tonya Acker spits out week after week to the pundits on Bulls and Bears and the other three Cost of Freedom business related programs. Completely absurd arguments to the highly educated capitalist pig panel of mostly stock brokers.

Our Dear Leader is no different from Tonya Acker. Totally clueless about capitalism and how it works because of indoctrinations in primary, secondary, junior college, college and finally graduate school. None of these people have run a business. None of them could tell you the difference between a marginal rate and average rate of taxation. They are completely clueless reading their Rules of Radical books and Chairman Mao’s little Red Book. If they knew what they were arguing for, really understood the implications of these disastrous policies, I seriously doubt any of them would be arguing for these policies. The people at the top would be just fine with these policies but any working man or woman who understood the death, desperation, deprivation that will results would change political registration from democrat and republican to libertarian in a New York minute.

And of course there is the republican argument that if they get control of congress in 2010 it will be reversed. No it will not be reversed. Republicans believe in these policies as much s democrats do. Not all republicans but the leadership does. The Republican Party is corrupt and people who believe in freedom and liberty need to accept that fact. They are part of the problem not a solution. Change your registration to libertarian.

And how do I know these policies will lead to war? What if you were the leader of China right now? You bought trillions of US debt. You bought these financial instruments in good faith with the expectation that while they were not stock market killers at least they would appreciate in value. Now a socialist fascist government is in control in Washington printing and borrowing money like its water. You and your country will lose trillions. Your population of 1.3 billion people is struggling on a per capita income of $6,100 per year. What to do? South Korea would be a nice acquisition to the empire. Taiwan is part of China why not retake ownership? Invading and expanding the economic pie would certainly be tempting in bad economic ties. And Japan with no military sits just a few kilometers to the east of South Korea. Suddenly the lemons the United States has given you become an opportunity to make some lemonade. With a weak and dysfunctional United States suddenly everything changes. Bad economic policies lead to war plain and simple.

So what to do? Insist republican purge their leadership of sell outs like John McCain, John Boehner, Susan Collins, Arlen Specter, and Olympia Snowe. Tell them to switch party affiliations to democrats and run against them in the primaries if they don’t. We need fighters not traitors. Time to send the traitors packing. Court blue dog democrats and try to get them to switch party affiliations. Draw up the battle lines. Change is coming. Fight or get out of the way. Better yet change party affiliation to libertarian. This would send a clear message to the democrats that the dog is about to fight and to China we will take care of our own house.

With out this total and complete devotion to freedom and liberty we will suffer years of economic malaise and finally end up in horrible war if Keynesian economics works like it did in the 1930’s and 40’s.

As for our Dear Leader he’s an affirmative action dolt who reads a teleprompter and fires up the ignorant masses. Hugo Chavez and Barrack Obama are on the same game plan and path to be dictators for life. In Venezuela Chavez controls elections much like democrats do today. Did any Republican win a close governors or senators race since 2004? Why? Statistically impossible. Chavez rigs elections plain and simple. Democrats are no different. Get use to it. Free elections are a thing of the past and even then they were fraudulent but at least the fraud was on both sides.

We have a dictator and a legislative branch that will support the dictator much the same as in Venezuela. Soon armed bands of Obama supporters will be roaming our cities killing opposition leaders and terrorizing civilians the same as in Venezuela. Death squads will kill opposition college students and leaders like in Venezuela. When the people elect a third world politician they will get third world policies. Elections have consequences.

Obama will go after gun owners. The Democratic Party will continue marginalizing religion and family pretty much the same way they have since 1965. Free speech will be squashed by the Fairness Doctrine and teams of lawyers suing television, radio and web sires. The usual tyrant goals of disarming and enslaving the population. And most likely no one will oppose the stupid bastard and his party until we are a conquered nation much like Germany in 1945. The Affirmative Action President gets an “F” in the real word but an “A” from his blind worshipers in the press and his party.