Amazon Deals

TMC Forum Message Board


Note from Larry:


Volunteer:
I am looking for volunteers to help with our daily posts. If you are interested please email me at lrubinoff@TheMortgagecorner.org.

Volunteers are needed for this blog, GoldmanSachs666.com, BarackObama666.com, JPMorgan666.com and TheForeclosureDetonator.

All Guest Post Writers will have direct access to the blog or blogs they choose and can post at their convenience even by email.

Guidelines for each blog will be furnished.

Editor's are also needed to edit each post for grammar, spelling, accuracy of maintaining the guidelines.

In the meantime, please go to GoldmanSachs666.com to view our daily posts as currently that site is maintained daily.

Media Inquiries: media @GoldmanSachs666.com
General Info: info@GS666.org
Volunteer Info: volunteer@GoldmanSachs666.com
_______________________________________________

Tuesday, January 5, 2010

Road To Perdition by Jim Quinn

This is an excellent piece and brings out some very interesting points.  It is rather long but is worth the time.  Road To Perdition is from TheBurningPlatform.com.

"Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want - and their kids pay for it."...Richard Lamm                                                            

“Government ‘help’ to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off.” ...Ayn Rand

Decade after decade, Americans have voted for intellectually and morally bankrupt dullards that promise them more goodies under the tree. Every day is Christmas in Washington DC. Long-term means the next election cycle to these traitors of the Republic. I have written ad nauseum about the impending financial cataclysm that awaits our nation. I have spent countless hours documenting the unsustainable path of our politicians’ financial decisions and lack of courage in addressing the forthcoming tragedy that grows closer by the day. Our political system is so corrupt and dysfunctional that there is absolutely no chance that our path will be altered at the voting booth. Government programs are fashioned, but never finished. The IRS tax code consists of 3.4 million words covering 7,500 pages of payoffs to business lobbyists. Simplicity is a virtue. The politicians who are bought and sold by corporate interests prefer complexity and obscuring the truth. Everyone knows that the government cannot fulfill the fiscal promises they have already made. Instead of dealing with this reality using intelligence, courage and conviction, the weak kneed politicians that slither the halls of Congress have chosen to add a brand new bloated entitlement program guaranteed to detonate in our faces. This is the existing reality. There is nothing I can do that will change this reality. Instead, I will propose a new model.

Politicians do not care about budgets, inflation, or the value of the U.S. dollar. They care about power, personal enrichment and being re-elected. In fiscal 2000, the US government had $1.545 trillion of receipts and $1.458 trillion of expenses, resulting in a surplus of $87 billion that year. A mindless government bureaucrat doesn’t conclude that the surge in receipts was due to the internet bubble resulting in billions of one time capital gains revenues. They should have expected reduced revenues in future years. Nine years later government receipts were $1.51 trillion, while expenditures had reached $3.5 trillion. Total government outlays never go down. Obama’s FY10 budget projects $1.649 trillion of receipts and $3.042 trillion of expenditures, resulting in a deficit of $1.393 trillion. Deficits in the range of $1 trillion per year are projected for the next 10 years. Instead of addressing this budget gap that will absolutely lead to economic disintegration, politicians add new entitlements, expand our interventionist foreign wars, and dole out pork to their corporate backers.

Read the complete article...click here


No comments:

Post a Comment