Tag Archives: Welfare-Warfare State

After 50 Years, Washington Has Lost the War on Poverty

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“There was hope in liberal circles in 1965 that federal welfare programs would reduce poverty rates. This hope is long gone. Today, the likelihood of a reversal is gone. The social breakdown of the black family in 1965 has spread to the lower-class white community. It is much larger than the black community.  Federal money and bureaucracy cannot reverse attitudes toward the family — attitudes that the welfare system has subsidized.  There is only one hope that the federal government could offer: an end to the programs. But Congress does not cut programs. It adds to them.  The war on poverty is a forever war . . . at least until federal bankruptcy ends it.”

http://www.garynorth.com/public/12531.cfm

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Teen Unemployment In Major U.S. Cities Tops 50%

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“Old timers often say that the young people in the U.S. today don’t have the work ethic of their predecessors. This may be true, but is this perceived weakness a symptom of a greater problem?  Has the opportunity for many young people to find employment diminished, and thus made it harder for them to learn the necessary work ethic on the job?  Before we try to answer that question, let’s examine some evidence from a new analysis by the Employment Policy Institute (EPI) that shows unemployment among teens without a high school diploma is greater than 50% in two very large cities.”

http://lionsofliberty.com/2014/06/03/teen-unemployment-in-major-u-s-cities-tops-50/

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French Fried Entrepreneurs: They Are Leaving

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“Rich people in France are pulling up stakes. They will escape the tax man. (Unlike the USA, if you are not living in France, you do not pay taxes to the French government.)  Young people in France who want to start businesses say they want to leave France. A lot of them will.  France’s taxes are higher than anywhere else in Western Europe. French unions are stronger. French workers don’t put in Germanic days — or even Italian days.  Before the eyes of the world, the Keynesian experiment is going belly-up. A self-proclaimed socialist is captain of France’s economic Titanic.”

http://teapartyeconomist.com/2014/06/03/french-fried-entrepreneurs-leaving/

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Bill Bonner: College is a con

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“Gradually, making things in the US became less and less profitable. So, if you wanted to earn a good salary you had to go somewhere else. Finance, administration, accounting, law, education, or health care. The good jobs in these industries required college. That’s why you’re here.  But wait, there’s more to the story. Unlimited credit also made it easier to support zombies and parasites. Government connived with industry to create quasi-monopolies, cartels, subsidies, guarantees and price supports. And the feds could add bureaucracy, controls, rules and regulations.  For example, the education industry added few teachers, but lots of ‘educators’ and policy coordinators.”

http://moneyweek.com/college-is-a-con/

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Doug Casey on Taxes & Citizenship & Axel Merk on ECB, Japan, and US

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“Erin sits down with Doug Casey of Casey Research to talk about an extreme form of coercion: the income tax on US citizens abroad. Casey talks about taxes, citizenship, and government waste. Then Erin talks to Axel Merk of Merk Investments to get a handle on the world economy and the monetary experiments in the US and Japan. Merk also discusses what he expects from the European Central Bank in the midst of quantitative easing expectations.”

https://www.youtube.com/watch?v=kh4WTKajNaM

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Peak Real Median Income In USA = 1999; Washington DC = 2012

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“Real Median household income peaked way back in 1999 at $56,000 and by 2012 it was down 9%—an unprecedented decline. It goes without saying that Washington’s Keynesian ministrations on the money printing and national debt front didn’t much help.  In fact, the Fed’s balance sheet has expanded from $450 billion  to $4.4 trillion during that period or by nearly 10X. Likewise, the national debt has nearly quadrupled  to $17 trillion during the same period.  Well, all this monetary and fiscal profligacy did apparently help in one precinct: Namely, the Washington beltway where median household income reached its all-time high in 2012 and undoubtedly continues to rise.”

http://davidstockmanscontracorner.com/the-keynesian-economy-in-one-chart-peak-median-real-income-in-usa1999-30-states-2004-or-earlier-washington-dc2012/

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Why I Sued the U.S. Government 28 Years Ago and What I Learned

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“My name is Will Bonner.  In 1986, at the age of seven years old, I took the US Secretary of the Treasury, James A. Baker, to federal court over the US national debt.  When I was seven years old, I took James A Baker, former US Secretary of the Treasury, to court… over the US national debt.  I wasn’t looking for a big cash payday.  I was asking the court to prevent Mr. Baker and the United States Treasury from getting away with the biggest rip-off in history… a policy most people don’t understand or like to talk about… but one that I believed would ruin this country… And I wish I was writing to you to tell you that I had been successful… that I had stopped it.  But it didn’t turn out that way.”

http://pro.bonnerandpartners.com/0514BBWUNSBPP/EBBWQ532

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Suit Goes To Bat For Future Taxpayers [1986]

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“A lawsuit supported by the National Taxpayers Union and two state attorney generals has been filed on behalf of 60 million children, charging that deficit spending benefits today`s adults at the expense of youth who will have to bear the future burden.  The novel suit names Treasury Secretary James Baker as the defendant, and it seeks to enjoin Baker from issuing any new instruments of federal debt except in certain instances and to compel the establishment of a schedule to reduce the deficit.  It also argued that by forcing children to assume responsibility of debts now incurred by fiscally irresponsible adults, children are being denied equal protection of the laws under the 5th Amendment.”

http://articles.chicagotribune.com/1986-01-16/news/8601040962_1_federal-court-debt-national-taxpayers-union

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Phoenix VA officials put on leave after denial of secret wait list

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“The director of the Phoenix Veterans Affairs Health Care system and two others have been placed on administrative leave amid claims of a secret waiting list and claims that 40-plus veterans died waiting for care.  The announcement Thursday by U.S. Secretary of Veterans Affairs Eric Shinseki came a day after officials at the Phoenix VA denied in interviews with CNN the existence of such a list, only to be called liars hours later by the top VA physician who first appeared on CNN and brought the allegations to light.  The sources said more than 1,400 veterans were placed on the purported secret list and that documents were shredded to hide the evidence.”

http://www.cnn.com/2014/05/01/health/veterans-dying-health-care-delays/

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‘Tax Freedom Day’ falls three days later this year for Americans

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“The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report.  According to a report released Monday by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.  By April 21, the group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.  If federal borrowing is included, the group calculated that Tax Freedom Day would fall 15 days later on May 6.”

http://dailycaller.com/2014/04/07/tax-freedom-day-falls-three-days-later-this-year/

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