Tag Archives: Welfare-Warfare State

Will the Congressional Budget Hurt People in Your Name?

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“The Obama and Paul Ryan budgets both seek the same thing: MORE federal spending.  I DO NOT CONSENT!   Every penny you spend is taken BY FORCE.  And all of it funds chaos, NOT government.  You create resentment by stationing troops in 150+ countries.  You aid corrupt dictators.  Your foreign policy inspires terrorism.  Your drug war destabilizes our southern neighbors and creates the world’s largest prison population.   Your regulations kill job-creation and ruin lives.  Your interventions in health care and education improves neither, but make both more expensive.  Stop meddling abroad. Stop meddling at home. Reduce the harm you do — CUT SPENDING!”

https://secure.downsizedc.org/blog/will-the-congressional-budget-hurt-people-in-your-name

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Stefan Molyneux on Shutting Down Government with Bitcoin

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“Stefan Molyneux and David Seaman talk about making the present incomprehensible to the future, the elimination of fiat currency, using Bitcoin to end war, and why you can’t buy votes with Bitcoin.”

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Soc. Security, Treasury target taxpayers for parents’ decades-old debts

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“Hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters like the one Grice got, informing them that because of a debt they never knew about — often a debt incurred by their parents — the government has confiscated their check.  The Treasury Department has intercepted $1.9 billion in tax refunds already this year — $75 million of that on debts delinquent for more than 10 years. The aggressive effort to collect old debts started three years ago — the result of a single sentence tucked into the farm bill lifting the 10-year statute of limitations on old debts to Uncle Sam.  No one seems eager to take credit for reopening all these long-closed cases.”

http://www.washingtonpost.com/politics/social-security-treasury-target-hundreds-of-thousands-of-taxpayers-for-parents-old-debts/2014/04/10/74ac8eae-bf4d-11e3-bcec-b71ee10e9bc3_story.html

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Bill Bonner: The Fed’s Childishly Naïve Theory of Credit

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“The $33 trillion spent by Americans over the last four decades or so did not come from savings. Instead, it came out of thin air – from the banking system, which contrary to the common belief that it requires some pre-existing money (in the form of cash deposits or reserves) to make loans, simply creates them out of nothing.  In other words, this credit creation did not represent resources that had been set aside – like seed corn – to prime future growth.  No one ever deprived himself of a single meal, or as much as a single beer, to save the money. No one troubled himself to work even a single hour to earn it. No one toiled or spun.”

http://www.bonnerandpartners.com/the-feds-childishly-naive-theory-of-credit/

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Debt: Destroyer of Lives, Businesses, and Countries

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“Nothing is as destructive as a government drowning in debt. Though the time it takes to play out varies, the narrative is always the same:  1. Government borrows too much;  2.  Government prints money in a desperate attempt to service debt;  3.  Government ultimately prints too much money, destroying its currency and the savings of all its citizens. Unfortunately, it often doesn’t end there. Several of the most horrific atrocities in human history were committed by hopelessly indebted governments.  Meltdown America follows the stories of three regular folks who lived in the wrong country at the wrong time.”

http://www.caseyresearch.com/cdd/debt-destroyer-of-lives-businesses-and-countries

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Congress Uses ‘The Troops’ to Waste Your Money

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“In the previous decade, opposing war led to accusations: ‘You don’t support the troops.’   But who really hates the troops? Might it be politicians who use them as props?  Might it be that Congress hates the troops so much, that they’ll use them to create a slush fund?  There will be a 39% cut in troops in Afghanistan, but the war budget will fall by only 2%!  Troops died. Congress uses their memory to get pet pork programs.  And this happens, while boasting that the Defense ‘base’ budget is down.”

https://secure.downsizedc.org/blog/congress-uses-the-troops-to-waste-your-money

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Meltdown America – Exclusive World Premiere Documentary Film

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http://www.caseyresearch.com/lg/meltdown-video

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US covertly built Twitter-like service to stir anti-Castro dissent

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“The US government secretly masterminded the creation of a Twitter-like communications network in Cuba aimed at fueling political dissidence by sidestepping the strict Internet filtering systems in the communist nation.  The program, codenamed ‘ZunZuneo’, was operated by the US Agency for International Development (USAID) and was supported by foreign bank financing and the use of secret shell companies, the Associated Press reported Thursday. USAID, which is charged with stabilizing countries and delivering humanitarian aid to poor nations, describes its mission as working on ‘the same problems as our military using a different set of tools.'”

http://arstechnica.com/tech-policy/2014/04/us-covertly-built-twitter-like-service-to-stir-anti-castro-dissent/

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$6 Billion Goes Missing at State Department

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“The State Department has no idea what happened to $6 billion used to pay its contractors.  In a special ‘management alert‘ made public Thursday, the State Department’s Inspector General Steve Linick warned ‘significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.’  For instance, a recent investigation of the closeout process for contracts supporting the mission in Iraq, showed that auditors couldn’t find 33 of the 115 contract files totaling about $2.1 billion. Of the remaining 82 files, auditors said 48 contained insufficient documents required by federal law.”

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department

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How the US spends 26% of available tax revenue just to pay interest

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“In the Land of the Free, the government routinely doesn’t count interest payments that they make to the Social Security Trust Fund.  Taking this into account, total US interest payments in Fiscal Year 2013 were a whopping $415 billion, roughly 17% of total tax revenue.  Here’s the thing, though– it’s inappropriate to look at total tax revenue when we’re talking about making interest payments.  The IRS collected $2.49 trillion in taxes last year (net of refunds). But of this amount, $891 billion was from payroll tax.  According to FICA and the Social Security Act of 1935, however, this amount is tied directly to funding Social Security and Medicare. It is not to be used for interest payments.”

http://www.sovereignman.com/finance/us-now-spending-26-of-available-tax-revenue-just-to-pay-interest-14024/

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