Category Archives: Spending and Finances

How Should our Government Deal with the Debt?

An excellent video by Dr. Stephen Davies and LearnLiberty.

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The Red State in Your Future – Forbes

 

As many look to the upcoming election in 2012, they are seeing that State representation is also a factor of the state’s economic success. Many NE States like Maine, Pennsylvania, and Massachusetts are turning to the pro-economic representatives, as are Minnesota, Michigan, and others… States like California are beginning to divide, as a fully Democratic government kills industry and represent those under welfare and governmental programs. By 2012, the majority of states will be Republican and/or have began to turn to fiscal policy for solutions.
The Red State in Your Future – Forbes.

The Occupy Wall Street Demands

Let’s review each of these demands of the Wall Street rioters, and explain why each proposal is nonsensical…

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Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hour.

~~ In our current situation, imposing trade tariffs would cause inflation of many (if not all) products entering the United States. We do not manufacture anything – and so this would shoot ourselves in the foot by rising prices and increased trade tension. As for minimum wage increase – Get a Job, use your Education (if you have any), and rise above minimum wage!

Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to Wall Street investors.

~ No – why are you involving two entirely different fields?! Under Obamacare we have a universal healthcare system that is restricting access to medical supplies and care, as well as burdening taxpayers with some 30 million uninsured people who may not even need it! The private healthcare market allows for alternative care, and specific care for those who need it. The healthcare firms compete for consumers, a basic form of capitalism which allows for the best care through competition.

Demand three: Guaranteed living wage income regardless of employment.

~ Those who have never had a job in their lives could apply for this; this would also lead to greater regulation on employers, and greater union hold over workers. People’s work should be rewarded, but workers need to understand that they can apply themselves to better conditions and more application.

Demand four: Free college education.

~ If they were to argue for it under a different administration, this would be supported by me. It would invest in education, and our future; and education would be available to those who can apply themselves, but cannot afford it. However, the administration’s ability to appeal to special interest groups as well as moving funds to where they are not needed has this called into question. Under such a system colleges might have the same structures as today, but supported by taxpayer money and donations.

Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.

~ There are not only too many jobs in fossil fuel, but we are heavily involved with foreign entities that are entirely made up of the fossil fuel. This idea has been proposed too many times; but we do not have the funds to do so. Private companies may do so with their own money; but the national government should not proceed with this. But they have, through special interest groups and earmarks.

Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.

~ Once again, we do not have the money – and Obama has appealed to unions and special interest groups to do so anyways. However, states already are improving infrastructure unnecessarily through money granted to them through the national government. Don’t beg to him, beg to the states. In any case, wait until the economy gets better and until the middle class has jobs other than road work.

Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America’s nuclear power plants.

~ OK, now THIS is special interest group related. Not only would this restrict industry from being established or continuing, but this would also halt development in urban centers. Nuclear power is not dangerous, if constructed and handled properly; and it gives many people electricity and jobs. It is GREEN. And yet we do not have the money to develop more, or to halt their expansion.

Demand eight: Racial and gender equal rights amendment.

~ We are already equal enough; it is up to the people to treat each other properly. So quit whining, and don’t be racist or sexist.

Demand nine: Open borders migration. anyone can travel anywhere to work and live.

~ We have illegal Mexicans crossing the border, drug cartels already crossing the border and inciting violence, and terrorists threatening to smuggle weapons through to units in our country. And you want even more crap crossing the border?!?!?!

Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.

~ There is much we may do to improve our electoral system…… this would be a great idea for ensuring the voter’s vote counts. However, it would be the integration of local votes with county, state and national voting data that worries me… I will do some personal research on that.

Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the “Books.” World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the “Books.” And I don’t mean debt that is in default, I mean all debt on the entire planet period.

~ How does this make any form of sense?! It would null all business debts, people would not be held accountable, and countries would no longer be bound to one another as they are today.  And how would you even think that the entire world would cooperate with such a policy, especially those who are on the receiving end?!

Demand twelve: Outlaw all credit reporting agencies.

~ Although there are special circumstances with unemployment and work, credit works to weed out those not eligible for loans and many other fiscal opportunities. Our entire nation’s financial woes are due to people without good credit receiving loans they could not pay back. We need credit agencies to maintain our banking stability.

Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union. These demands will create so many jobs it will be completely impossible to fill them without an open borders policy.

~ A union is separate from a business. It is the business that creates jobs, not unions – all they do is work for their special interests. This last demand is immersed in misunderstanding.

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While few of these would make sense in different circumstances, many are based in illogic and a lack of education. Once again, many of these protestors are youth and college-age people. They are voting this upcoming election – scary. If you have any more information about the Occupy Wall Street riot, please comment below.

Top 3 Myths of Capitalism

Is being pro-business and pro-capitalism the same? Does capitalism generate an unfair distribution of income? Was capitalism responsible for the most recent financial crisis? Dr. Jeffrey Miron at Harvard answers these questions by exposing three common myths of capitalism.

Dr. Miron has done a great job, especially at describing the main factor of competition that defines capitalism. Many people’s misconceptions about capitalism are ties up in the financial systems that have become heavily intertwined with the government, when in fact they should look at everyday grocery chains, wholesale stores, and companies that vie for consumer business through lower pricing. If you wish to ask any questions, simply comment.

Obama Officially Competing for Worst Presidency Ever

 

It is the 32nd Anniversary of the Malaise speech. Listen to Obama duplicate the rhetoric of Jimmy Carter’s malaise speech. He agrees with the same principles… that American consumerism that drives the economy is bad. That everyone who has possessions should simply give them away, and be gone from them. That anyone who has any money left in such times should ‘sacrifice’ what they have. The list goes on and on…

Debt Ceiling Issue

The first question to ask is: what is the debt ceiling? It is a limit on our spending and budget, the figure resting upon our foreign debts and currency values. At this moment we are approaching, or at, our debt ceiling of 14 TRILLION DOLLARS. We are on no track to stop spending, create a viable budget that is pro-business and common sense, or cut random programs of the government. The United States faces inflation of the dollar, and so the dollar’s value will be less and prices will rise. We are currently not at the best financial state.

Here are the repercussions of raising the debt ceiling – the current government officials will be able to continue running us into debt, and we will be farther from cutting back as there is less incentive. We will have more to owe towards foreign nations, and we will immerse ourselves further in foreign entanglement.

 

Here are a couple visuals for you……

 

Like the last cartoon, our currency value will continue to depreciate into nothing as we continue to devalue it through obscene measures. Stop the rise of the debt ceiling.

Support American Business

As government looms even larger over America, our middle class is being crushed with regulation and taxation. Many small-business owners do not have the money or time to devote towards appeasing the government, nor the resources to head off unions. We need less regulation now, as the times have led many to hopelessness and poverty.

This is my own small business here, if you are interested: CampingMaxx.Com

Stop Deficit Spending

Our country is facing an insurmountable debt that cannot be resolved…… we need to halt spending NOW before it gets worse. This is NOT helped by healthcare spending, amnesty spending and temporary job spending. Vote the liberals out, and get conservative people to make conservative choices for our fiscal future!

Natural Disasters and Government Aid

This past year of 2010 was known as the Year of Earthquakes, with major quakes rocking Haiti and Chile, and multiple shockers around the globe. A pipe leading from the depths of the ocean to an oil rig broke and spilled millions of gallons of crude oil into the Gulf of Mexico. With the economy plummeted into a depression, we still aided the foreign countries while ignoring our own problems. How SHOULD we have handled these events, and how should we handle future cataclysms?

In orders to respond to disasters, we need the capital and money to buy the resources needed to aid victims. If disaster strikes a major city like New York City, Los Angelos, London, Tokyo, or other metropolitan centers, then the capital needed will be lost by other cities yet re-invested rightly into recreating economic centers. To devote it to places lacking capital like Haiti, Cuba, and African countries… this would still be morally respectable, yet it is not as profitable due to how it may be spent.

The Gulf oil spill helped to display our current government’s inability to act properly, and its irresponsibility. As I discussed in my prior article involving the BP Oil Spill, the government has stayed aloof while BP has taken the responsibility and burden of cleaning up. Instead of accepting aid from foreign countries willing to help, the government has taken a few pictures, threatened our oil companies’ futures and is planning on taxing us heavily for this. The actions needed for this spill are obvious, and yet the government has not acted on these needs.

In the future, how should the government and people respond to natural disasters? If there were a major earthquake in California or another flood in the Central United States, how should we act? The victims involved would most likely be stranded for a bare minimum of two weeks, in danger of further damage to human lives, infrastructure and order. First, the government needs to send troops and aid to the area in need. These forces will re-instate order, give water and food to disaster victims, and begin to clear the former cityscape for reconstruction. The government needs to also heighten or lower taxes to assist the rest of the country finance the relief efforts.

Hopefully, in the face of further crisis, our government and the world community will help us by doing the right things and getting us back on our feet quickly.

Taxes

As I said before, government needs to stay limited and allow private industry to produce capital. However, taxes on these profits and on all other ranges of things exist. This money goes to the government, which is responsible for sending it to the specific sectors requiring funds. There are currently over 300 million people in the United States; if 10% of the population were to not pay their taxes, and taxes were only $1 annually, the government would recieve $270 million, 1/4 of one billion. We currently have $13 TRILLION debt – I doubt that we would be able to tax our way out of this. If we get a new, more responsible government to move funds to economically stimulating industries that can increase profits.

Taxes themselves should be limited; there needs to be a fixed, reasonable rate at which we can be taxed. The rich do not need to be taxed more, because the extra money they make always goes back into either their business or into other places like food, employees, or other supplies. The poor should not be taxed less, due to their lacking money. We need to influence them to do better, yet let them take the initiative to get to a higher position. The government needs to use common sense (a rarity in Washington these days…) and allow people to make a profit so they can tax them as they rightly should.