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Economy & Fiscal Responsibility

Economy & Fiscal Responsibility                                                                                                                                                                                           U.S. DEBT CLOCK
   9/5/11     The second rule of economics: TANSTAAFL  Godfather Politics
   9/5/11     The Fed's shadow TARP  Jim De Mint
   9/5/11     600 CEO's rank California 51st  fro business  California Business Law
   9/1/11     IRS allowed $4.2 billion in credits to undocumented workers, audit says
   8/25/11   Seattle:  $20 Million stimulus creates 14 jobs   Human Events
                  Audit reveals $16 trillion in secret bailouts  Paul Krugman
                  Our Ten-Trillion-Dollar Man
  Victor Davis Hanson
                  Progressive Unemployment
  American Thinker
   6/17/11  Waste, Fraud and Abuse in Small Business Administration (Cato Institute)
   5/25/11  Bankrupt: Entitlements and the federal budget
                       The U.S. government is about to exceed its statutory debt limit of $14.3 trillion. But that actually underestimates the size of
                        the fiscal time bomb that this country is facing. If one considers the unfunded liabilities of programs such as Medicare and
                        Social Security, the true national debt could run as high as $119.5 trillion.  .....
   5/12/11  Money control around the world
   5/12/11  CTA gets an "F' in Economics 101
                    Thousands of teachers across California are leaving the classroom this week to hit the picket lines.  Walking out of classrooms
                    across the state, teacher union members and their allies are trying to deceive parents and taxpayers into supporting a $55 billion tax                      increase.
                    They claim a massive tax increase is necessary to “save California’s schools.”  Unless taxpayers agree to costly income, sales and                        car tax increases, our public schools will crumble.   Nothing could be further from the truth.  We can protect education without raising                     taxes.

   5/6/11    U.S. tipping point:  51% of households now pay no income tax
                    “A democracy cannot exist as a permanent form of government.  It can only exist until a majority of voters discover that they can vote                     themselves largess out of the public treasury.  From that moment on, the majority always votes for the candidates promising the most                     benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a                            dictatorship.  The average age of the world’s greatest civilizations has been two hundred years.”  ....
   5/5/11    U.S. Treasury suggests US $2 Trillion debt cap raise
                    The U.S. Treasury has told lawmakers a roughly US$2-trillion rise in the legal limit on federal debt would be needed to ensure the                            government can keep borrowing through the 2012 presidential election, sources with knowledge of the discussions said.
   5/5/11    Food and energy inflation is not transitory
                    Federal Reserve Chairman Ben Bernanke on Wednesday held his first press conference in history. The press conference took place                     shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an                        unprecedented 28 months. The U.S. economy is flooded with U.S. dollars and is close to overdosing on excess liquidity. The fact that                     our financial markets are not falling on the possibility of the Fed not unleashing QE3 immediately at the end of QE2, shows that we                        could be on the verge of hyperinflation with or without QE3.
   4/29/11   Budget Chart Book - the federal budget in pictures (Heritage Foundation)
   4/26/11  The braggadocio of the International Monetary Fund
                     The International Monetary Fund (IMF) prediction that the ‘Age of America’ is nearing its end, was carried as the lead story on top                         Internet giants, the Drudge Report and FoxNews yesterday.                   
                     Not only is the IMF presenting the end of the ‘Age of America’ as a fait accompli, so is the news.                
                   The narrative for the end of the ‘Age of America’  story was long ago picked up and scripted by two of society’s greediest and most                         evil of men: One Worlders George Soros and Maurice Strong..... 
   4/26/11  State budgetocalypse continues
                    A new study from the Pew Center on the States found that America is even broker than we thought.....
   4/22/11  What we've learned from budget debate by Phyllis Schlafly
                    Barack Obama's runaway spending is the top issue with grassroots Americans. The problem is a long way from solved, but we've                        learned a lot from the budget debate.
   4/22/11  Few Tools Left to Jumpstart Economy
                    U.S. policymakers have few tools left to jumpstart the economy if it stalls midyear after the second round of quantitative easing and                        second stimulus fade...
   4/12/11  Shrinking greatness of Congressional budget cuts
   4/11/11  A call for pension transparency
                    About 200 local agencies in California have increased pension benefits this year......
   4/9/11   Soros Bretton Woods conference to "rearrange the financial order"                    
                    As you read this, a four-day George Soros-funded conference featuring over 200 economists, finance experts, and scholars is underway                     in Bretton Woods, New Hampshire–the site of the 1944 meeting of world leaders that reordered the post-WWII economy by establishing                     the World Bank and the International Monetary Fund.

                    The purpose of this “new” Bretton Woods conference is “a grand bargain that rearranges the entire financial order,”
                    to use Soros’ own words:........
   4/8/11   CalPERS should be required to invest in California-based companies
   4/2/11   Death by a thousand budget cuts
   3/21/11 Cost of living hits record, tops pre-crisis high
   3/18/11 Crazifornia:  Jerry Brown shows his hand - and it's union made
   3/17/11 California takes huge leap toward default
   3/17/11 Scathing report alleges corruption at CalPers
   3/12/11 Democratic Socialism: Political Consequence of the Looming Debt Bomb Shockwave
   3/12/11 No time to give up on the budget
   3/12/11 GAO:  Billions wasted on tackling homelessness
   3/12/11 Federal Reserve policies drive up gas prices
   3/12/11 Union demands financially strapped city to "fill the position"