Tag Archives: Welfare-Warfare State

NFL Rejects Obama Administration: We Won’t Promote Obamacare

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“NFL spokesman Brian McCarthy emailed the Washington Examiner‘s Philip Klein to say the NFL had no plans to help promote Obamacare: ‘We have responded to the letters we received from members of Congress to inform them we currently have no plans to engage in this area and have had no substantive contact with the administration about PPACA’s implementation.’  Health and Human Services Secretary Kathleen Sebelius had said this week the Obama administration was looking to partner with professional sports leagues to market Obamacare exchanges this fall to sell the unpopular healthcare law to the public.”

http://www.breitbart.com/Breitbart-Sports/2013/06/28/NFL-Obamacare

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Federal food stamp recruiters operate on monthly quota system

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“She curled her hair and painted her nails fluorescent pink. ‘A happy, it’s-all-good look,’ she said, checking her reflection in the rearview mirror. Then she drove along the Florida coast to sign people up for food stamps. It is Nerios’s job to enroll at least 150 seniors for food stamps each month. The job also has a second and more controversial purpose for cash-strapped Florida, where increasing food-stamp enrollment has become a means of economic growth, bringing almost $6 billion each year into the state. The money helps to sustain communities, grocery stores and food producers. It also adds to rising federal entitlement spending and the U.S. debt.”

http://articles.washingtonpost.com/2013-04-23/national/38763705_1_food-stamps-supplemental-nutrition-assistance-program-local-food-bank

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Social Security: Muffling the Warning Bells

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“It had to ‘cover benefit payments, forcing the agency to tap its $2.7 trillion trust fund sooner than some had expected.’ But how did it tap this Trust Fund? By selling assets. What assets? IOUs from the Treasury. Where did the Treasury get the money to pay the S.S.A.? From the general fund. Where did the general fund get this money? By borrowing it. Where will the Treasury get the money to pay this interest? From the general fund. Where will the general fund get it? Borrowing. When the agency says ‘shortages of tax revenue,’ it refers to FICA tax revenue. But there is also a shortage of tax revenues in the general fund.  That is why there is an annual deficit.”

http://teapartyeconomist.com/2013/07/01/social-secutity-muffling-the-warning-bells/

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$80 Billion Bond Funds Sell-Off in June

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“Mortgage rates have soared. The days of the 3.5% 30-year mortgage are over.  The bond market has been rigged by the FED. Everyone knows this. A handful of economists decide what rates should be. Investors went along with this. But Bernanke’s remarks persuaded them that the rigging will be reduced. So, they started selling their fixed-rate securities. This is what happens when the decisions of a handful of salaried economists to inflate the currency are substituted for the decisions of investors. The economists giveth, and then their #1 spokesman threatens to taketh away. Investors then scramble for the exits.”

http://teapartyeconomist.com/2013/07/01/80-billion-bond-funds-sell-off-in-june/

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Ron Paul: The Death of Daniel Somers

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“The numbers sadly tell the story: more military suicides than combat deaths in 2012, some 22 military veterans take their lives every day, nearly 30 percent of veterans treated by the VA have PTSD. We should be saddened but not shocked when we see the broken men and women return from battles overseas. We should be angry with those who send them to suffer and die in unnecessary wars. We should be angry with those who send them to kill so many people overseas for no purpose whatsoever. We should be afraid of the consequences of such a foolish and dangerous foreign policy.”

http://ronpaulinstitute.org/archives/featured-articles/2013/june/24/the-death-of-daniel-somers.aspx

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David Galland: What the Hell Is Wrong with Obama?

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“It sure seems like we are following the script set down by the neocons (Kristol, Wolfowitz, Cheney, Rumsfeld, Abrams, et al.) that years ago infiltrated the US military-political complex. This is the ‘Might is right’ crowd who believe in exercising US power proactively to knock down the dominos of all Middle Eastern countries Israel feels threatened by, with the end goal of remaking the Middle East as a region dominated by friendly democracies (or, in the case of Saudi Arabia, friendly dictatorships). Failing functioning democracies, turning the outcast countries into failed states that pose no real threat to US or Israeli interests.”

http://www.caseyresearch.com/cdd/what-the-hell-is-wrong-with-obama

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The Bush-Obama Great Stagnation

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The-Circle-Bastiat-311

“Robert Higgs has another must read in his ‘Etceteras …  Real Gross Domestic Private Product, 2000-2012’ in the most recent Independent Review. He provides good arguments on why government product should be (and perhaps almost was) excluded from income and product accounts. He then builds a measure of Real Gross Domestic Private Product for the Bush-Obama years.  Based on his calculations, he states, ‘Perhaps the most positive statement we can make about the private economy’s performance during this thirteen-year period is that it has been somewhat better than complete stagnation.'”

http://bastiat.mises.org/2013/06/the-bush-obama-great-stagnation/

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Guess where the country’s highest incomes are? Think government contractors. A great map.

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“The wealth of the nation is concentrated in Washington DC. I wonder why much of America resents the city so much.”

http://www.againstcronycapitalism.org/2013/06/guess-where-the-countrys-highest-incomes-are-think-government-contractors-a-great-map/

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Central banks sell record sums of US debt

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“Central banks sold a record amount of US Treasury debt last week while bond funds suffered the biggest-ever investor withdrawals as markets shuddered at the prospect of the US Federal Reserve ending its quantitative easing programme. Holdings of US Treasuries held at the Fed on behalf of official foreign institutions dropped a record $32.4 billion to $2.93 trillion, eclipsing the prior mark of $24 billion in August 2007. It was the third week of outflows in the past four. Private investors are also dumping fixed income. US funds were the worst hit, with withdrawals totalling $10.6 billion, but emerging market debt funds also saw record redemptions of $5.6 billion.”

http://www.gata.org/node/12741

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Why the Status Quo Is Doomed

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“Every one of these implicit assumptions has been turned on its head: growth is barely above the rate of inflation; by some measures, it has already fallen below the real rate of inflation.  Debt is increasing much faster than income or wealth. Virtually all of the recent expansion of wealth/income is flowing to the top 10%.  This is why the status quo is doomed: there is no Plan B or even conceptual alternative to the ‘more growth forever‘ agenda.  The oft-touted fantasy is that ‘we’re going to grow our way out of this,‘ but it is abundantly clear that debt is rising far faster than growth or incomes.”

http://charleshughsmith.blogspot.com/2013/06/why-status-quo-is-doomed.html

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