Posts Tagged ‘Debt’

Sequestration: We are doomed

Posted by Troy on 13th March 2013 in Political

Sequestration has proved we are doomed, at least if the Democrats stay in power.  Do you realize that by the end of Obama’s term, we will be spending more money than we were last year?  And yet, the Democrats say that this Sequestration is the death of the world.  If we can’t even hold spending steady, we are doomed.  There’s no way around that.

This is on top of the fact that insurance rates are set to increase 20 to 100% in 2014 due to Obamacare.  Thank you Obama for giving everyone healthcare by forcing everyone to buy insurance.  Good one.  Finally, Obama has declared that he will not balance the budget just to have a balanced budget.  That’s insane.  Her’s the trick, and it’s what Washington told us, there is no excuse to use public debt except for in times of war.  That’s it.  I might make an exception for long term capital projects like dams and bridges and roads, but maintenance of this and all other programs must never be funded by debt.  If you do, you have made a recipe for financial ruin.

Long Live the Constitution!

Government Assistance

Posted by Troy on 27th January 2013 in Human Nature, Political

In a world where we are going broke, we have proven Lyndon Johnson was an idiot.  He claimed that America could care for the poor of the entire world.  Well, hell, we can’t even do it for the American poor.  Not only that, but assistance offers an incentive to not work.  People live on margin.  If the difference between working and assistance is only a few thousand per year, then my labor 40 hours a week for 250 days a year is really only worth a few thousand, and I’m probably not going to do it.  So this is the way that ALL government assistance should work:

1 – Housing should be provided, but it should be scant.  It should be 300 square foot or less (additional space may be given if children are involved by way of another 8×8 bedroom).  There should be no television hookup.  There should be 7 foot ceilings.  There should be no windows.  If you want something better, get a job.

2 – Foodstamps should be replaced with a non-choice diet.  There are no chips.  There are no soda.  No pre-prepared food.  They should be given surplus food.  Eggs.  Potatoes.  Apples.  Powdered milk.  Dried beans.  Rice/Bread.  The bare essentials.  If you want more, get a job.

3 – In exchange for these benefits, you lose your ability to vote.  The reason is that it creates an incentive to politicians to buy the vote and for the poor to vote for someone just because they promise to steal money from someone else and give to them.

Like all Americans, I want to help the poor, but we cannot steal the incentive to try for a better life.  We have to balance these two.  We can keep people from being homeless and starving by providing them with the bare necessity and nothing more.  The goal is to make life so bland and boring and make them realize that they can have a better life if they just strive for it.

Long Live the Constitution!

Proposed Unconstitutional Moves

Posted by Troy on 9th January 2013 in Current Events, Political

In response to the issues facing us today, some people are proposing broad, unrestrained, executive power as the solution.  In layman’s terms, turning the President into a dictator.  Here are some of the suggestions:

1)  For the debt limit – Let’s just mint a one trillion dollar platinum coin.  This would be used to pay off the debt.  Wow, yeah, the rest of the world couldn’t figure out that this is the same as printing one trillion more dollar bills and paying off debt, monetizing the debt.  Peachy.

2)  For the debt limit – Give the President the power under the Fourteenth Amendment to raise the debt limit as he sees fit.  I still don’t understand what interpretation supports this.  Congress has control over all spending.  That includes the debt limit.

3) Gun control – Use some sort of executive order to work around Congress to counter a right guaranteed by the Constitution.

Here’s an answer to all of these tactics.  If he uses any of these tactics, he is acting in direct opposition to the Constitution.  All of these issues are meant to be addressed by the three co-equal branches of government.  Laws are meant to be written and passed by the Legislative Branch, signed into law and enforced by the Executive Branch, and interpreted by the Judicial Branch.  When one branch takes it upon themselves to make, interpret, and enforce the laws, that is the act of a dictator, and he MUST be impeached.  Of course, people are too chicken to say it.  He could burn the Constitution on live TV, and anyone calling for his impeachment would be called a racist extremist.  Oh well, huh?

Long Live the Constitution!

Obama Re-elected: This fact says all you need to know

Posted by Troy on 8th November 2012 in Current Events, Political

The day after Obama was re-elected by the uninformed masses, something amazing happened!

The stock market, WORLDWIDE, fell.  The margins are different wherever you go, but they were all down.  Here in the United States, our markets (pretty much across every index) were down 2.25% or so.  Of course, a lot of the more informed people would say, “They were just selling off positions to re-position themselves based on his re-election.”  This fantasy involves ignoring that Obama had been the President for the last 4 years.  If they were re-positioning themselves, they must have already re-positioned once, so sure they were of his getting kicked out of office.  Nope, this is just good ol’ fashioned, “Oh crap!” selling.

What’s more telling, however, is that the 10 year US Treasury dropped 6.11% IN ONE DAY!!!!!  US Treasuries are supposed to be the most stable instrument.  Okay, so the value of the US Treasury bond for a 10 year period dropped 6.11%.  Question:  What does that tell you about the outlook for our debt?  People think that in 10 years, it’s not going to be worth crap.  Ouch.  Of course, what happens when the outlook for our debt becomes so bad that no one will hold it?

You elected him, America.  Well, half of you did.  Our half has to survive what your half did to us.  Be forewarned, when our debt becomes worthless, and we actually do have to live within our means, your free Obamaphone, birth control, and other freebies stop.  Medicare will stop too at that point.  Social Security MAY stop, or they will give you the option of moving into “free” housing with “free” food…just like in Soviet Russia.

To all those “social” voters out there:  When the Democrats had full power did they: Fix immigration?  NOPE!  Deal with gender inequalities?  NOPE!  Provide for gay marriage?  NOPE!  Legalize pot?  NOPE!  Get rid of the Patriot Act?  NOPE!  Close Gitmo?  NOPE!  Did they actually do any of the “hallmark” crap that Democrats love to give lip service to?  NOPE!  Gee, do you think all that talk is just to string you along and make you think that they have your back so they can get your support so they can go about doing whatever it is that they want to do which is rewarding their financial supporters and taking control of everything like health care?!  How about that!  What makes logical sense, don’t it?  Huh, you know, that’s what actually paying attention to what’s going on and actually THINKING about it will do for ya.  Give it a try.

Long Live the Constitution!

QE3 Announced

Posted by Troy on 13th September 2012 in Current Events

“And we will keep printing money until the economy is roaring again!”  Yeaaaaaaa!!!!

Well, I guess it’s official.  Obama will do anything to be re-elected.  They are going to start buying debt and keep buying debt until unemployment falls, which of course, probably wont’ work.  It will also weaken our dollar tremendously and hurt the value of our debt.  We’re gonna have to pay a lot higher interest rates in the future to trick China into giving us more money.

So the stock price jumps.  Great.  Of course, we have already tripled the money supply.  Inflation’s on the way, and there’s nothing that can be done to stop it since we’ve decided to triple down on a tactic which didn’t work the first two times.

Long Live the Constitution!

European Troubles

Posted by Troy on 21st May 2012 in Current Events

Obama has taken to counseling the EU on their financial troubles.  He is talking Germany down from demanding austerity measures from Greece and other debtor nations.  Naturally, the person you’d want to turn to if you found yourself drowning in debt would be Obama.  The only other no brainer would have been calling up Teddy Kennedy for AA support (prior to his demise).  Yes, no one can tell you how to dig yourself out of a recession and debt crisis than Obama.  This much is clear.  Good going Europe.

To all those people who are pro-stimulus (Keynesian economics/debt spending), there is some argument for this.  This argument would be that cutting everything off 100% would be more damaging.  Fine, so be it.  What I’ve found in the study of macroeconomics is that it fairly parallels microeconomics.  As such, thinking in micro-terms helps some people .  If you are drowning in debt, taking out another credit card can stave off bankruptcy.  However, if you do not change your spending habits and turn your deficits into surpluses quickly, you are merely postponing the inevitable.  The European Union (and America for that matter) must start turning their deficits into surpluses and paying off their debts.  Europe really needs to start this process in 5-10 years, and we have 10-15 years to get our act turned around.

If Europe goes down, our stock market will tank, and Obama WILL lose.  This is why he is pushing for more deficit spending.

Long Live the Constitution!

Florida Debate Results

Posted by Troy on 23rd January 2012 in Current Events, Political

Mitt and Newt squared off in a battle royal (at least in the beginning).  I felt like Santorum and Ron Paul were largely ignored.

Romney – He did okay.  The problem for him is okay is not good enough.  You cannot try to sound eloquent and stammer.  It’s just not going to work.  If you wanna talk like Reagan, you better do a better job of it.

Newt – Newt had another solid performance with a lot of back and forth.  I think that Ron Paul did the best attack against him over him stepping down.  His weakness has been exposed though.  He is going to be attacked constantly about being a lobbyist.  I do think he did a great job turning it around on the Medicare point.

Santorum – He wasn’t given a lot of air time.  He did some good for himself in making the point that Mitt and Newt supported three of the the main policies of Obama.  Unfortunately, he didn’t get enough air time where he could actual make some ground.

Ron Paul – It was another rough night for him.  He didn’t get a lot of airtime, and people don’t often like to hear the truth.  His response to Cuba being a platform for terrorist should have been, “And perhaps if we had been trading with them, they would view us as a valuable trading partner and not want to help the terrorists because we are too important to them.”  He was also hurt on Iran again, despite everything he said being true (that a blockade is an act of war, so why are we shocked that they are threatening these types of things).  I still like him as he is the only one that promotes the Constitution.  He is right about how the Constitution would have prevented all this.

If I had to rank my preferences: Ron Paul, Clint Eastwood (landslide victory), Newt Gingrich, Rick Santorum, and finally Mitt Romney.  Ron Paul is the only one offering any alternative to the policies that got us into this mess in the first place.

Long Live the Constitution!

Super-committee fails

Posted by Troy on 21st November 2011 in Current Events, Political

The Super-Committee failed. 

On one hand:  Thank God.  The Constitution does not allow for a “Super-Committee” to enter into a binding contract in which not all fifty states have an opportunity at representation. 

On Obama saying that he will not allow the Congress to by pass the mandatory cuts:  It depends on what he means by that.  I agree that holding their feet to the fire is the only way to get something done.  However, are they allowed to continue to work, as an entire Congress, towards getting the cuts necessary?  If so, then I approve of his tactic.  If he is saying that the mandatory cuts can no way be avoided, then I believe he is actively trying to destroy America, and there can be no other interpretation (unless you want to say that he’s an ideological idiot).

On the cuts, should they happen:  It’s a dark day that it’s come to this.  This is what happens when people don’t take responsibility and do what needs to be done. 

I should note that the Democrats get whatever they want.  If the Republicans cave, they get tax hikes.  If nothing gets done, they get large cuts in the defense budget.  In either case, the Republicans lose!  What a deal!  It also dovetails into Obama’s narrative that Republicans are a “Do Nothing Congress.”

Long Live the Constitution!

Greek Tragedy

Posted by Troy on 2nd November 2011 in Current Events

Just like a Greek Tragedy, they have brought about their own demise.  Amazing.  All the political and economic dealings to get the loans pushed through for Greece (who have single-handedly destroyed themselves with their ultra-liberal entitlement mentality), and it was all for naught.  I am in a bit of a bind here.  The only thing they can do is cut spending and accept the terms of the bailout.  If they do not, then they default, and they lose everything.  The Prime Minister is too afraid of his people though (and I generally view government fearing its citizens as very positive) and has given them the right to vote for or against it.  I would normally be for the power resting in the hands of the people, but I know that they are going to choose the wrong option and cause their own downfall because they have become a country of mostly leeches.  And therein lies the cautionary tale.  When a country becomes a country of leeches, it also becomes a country that is incapable of self-rule and must be ruled by a tyrant (benevolent or otherwise).  Let this be a lesson to us.

Long Live the Constitution!

Most Americans Support Obama’s Job Plan

Posted by Troy on 21st September 2011 in Political

According to a recent poll, most Americans support Obama’s plan.  This leads me to ask a few questions:

1)  What show are they watching?  This man is a walking disaster. 

2)  If a trillion dollar stimulus plan failed miserably, why on earth would someone think a half trillion dollar stimulus would do anything?

3)  How on earth did they phrase these questions?  You can phrase a question so that someone’s answer is assured.  Example:  “Would you support the government hiring people to decrease unemployment?”

I think what they should really ask “Do you support Obama’s Job Bill to the point that you would be willing to be half a trillion dollars more in debt to the Chinese?”  This is the real question, and I think most people would answer, “No.”