- Here's the current bill: USDebtClock.org lists it over $13T
About Politicans Spin on the U.S. Debt:
- Obama Plans to Cut Deficit in Half
- That's the same thing Bush said! Do politicians think we don't know the difference between deficit and debt. So the deficit will be cut in half by 2012. Congratulations! The debt will have doubled!
About the Recession, Revenue and Taxes:
- IRS Tax Revenue Falls Along With Taxpayers' Income
- Once Considered Unthinkable, U.S. Sales Tax (VAT) Gets Fresh Look
- In our opinion, a national sales tax is inevitable due three things: (1) European style social programs lead to European style taxation; (2) Half the population no longer pays income taxes and the government always goes where the money is, the middle class; and (3) Internet commerce is able to exclude a state sales tax when shipped across state lines and the business doesn't have a business presence in the destination state. The only way to re-capture that tax revenue is with a national sales tax.
- Electrical Consumption Sees First Outage Since WWII
- The Biggest Tax Increase In World History
Speaking of the Impact of the Internet:
- Internet Start-ups Will Bankrupt The US Government
- First, we disagree that the US Government will go bankrupt in the sense that a business goes bankrupt. So long as the Federal Gov't can monetize its debt, then it will never go "bankrupt". It can always pay its debts with printed money. That is, so long as the Federal Reserve can inflate, without consequence from the People, then the charade continues.
- However, we agree that the days of the Federal Government, in its current form, are numbered. The Federal Government won't go bankrupt because it runs out of "money". It will go bankrupt because it loses legitimacy in the eyes of the People and the States. The current manifestation of the Federal Government is based on industrial age concepts of centralized management. Concepts being pushed to new levels by the current Congress and Administration. If fact, its easy to argue that the Federal Government is the last dinosaur standing with a power structure cast in the die of industrial-age thinking.
- The New Socialism: Global Collectivist Society is Coming Online
- The author is comparing apples and oranges. There's a major difference between forced collaboration and voluntary collaboration.
Speaking of Inflation & Stimulus:
Speaking of the Perks of the Federal Government:
More Articles:
H.R. 2454: American Clean Energy and Security Act of 2009
HR 2454 is now 930 pages long. It is one of the most stiffling taxs since the Smoot-Hawley Tariff Act. Has the author of the bill even read his own bill?
About Those Chysler Bond "Speculators"
President Obama on C-SPAN
Forward to about 11 minutes, and listen through about 16 (especially 13:34). Ask yourself, does the government need to nationalize healthcare because:
- The uninsured need to be insured?
- The government needs to be rescued from its own folly?
The Effect of Soaking The Rich
Obama's Tax Plans
Ron Paul on Sonia Sotomayor Nomination
Good-bye interventionism. Hello socialism.