US Approaching Insolvency, Fix To Be 'Painful': Fisher

Tuesday, March 22, 2011

US Approaching Insolvency, Fix To Be 'Painful': Fisher

This article appeared on the CNBC website. Let's see... what part of "duh!" don't we understand? It isn't as if we haven't been on this trajectory for decades, and nobody warned us!

The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday.

"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt.

No $h!t, Sherlock! (Continue reading...)

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The Only Question You Need

"Which article of the Constitution gives government the authority to do that?"

If more and more people start asking this question, I think most of our worst political problems, in all branches and all levels of government would go away by themselves, almost overnight. When a reporter asked Nancy Pelosi that question about the healthcare bill, her deer-in-the-headlights response was, "Are you serious?" Well, we are serious, and politicians should be afraid to step out of their offices without a credible answer to that question. It is the only "litmus test" that we need.

It really takes so little effort, that it is at least worth a try. The beauty of it is, this really should appeal to honest people from anywhere on the political spectrum.

Uphold and Defend

Big government and bad policy, usurpation of authority not granted in the US Constitution is human nature. Republicans and Democrats are both guilty. We the People must realize that this is not a partisan issue, and demand that all of our politicians follow the Constitution.

The US Constitution is still the official specification for the United States of America.
It guarantees equal justice for all, and protects your life, liberty and prosperity.
Any regime that distorts or disregards its original intent is untrustworthy and dangerous.

Presidential Quotes

The policy of the American government is to leave their citizens free, neither restraining nor aiding them in their pursuits. ~ Thomas Jefferson

With respect to the words general welfare, I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators. ~ James Madison

I think we can say that the Constitution reflected an enormous blind spot in this culture that carries on to this day and that the Framers had that same blind spot. I don't think the two views are contradictory to say that it was a remarkable political document, that paved the way for where we are now, and to say it also reflected the fundamental flaw of this country that continues to this day. ~ Barack Obama

Every word [of the Constitution] decides a question between power and liberty. ~ James Madison

Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master. ~ George Washington

Do You Still Have All of the Liberty That You Were Born With?

Think back to when you were growing up. What things could you do then that you can no longer do now? What things did you have the liberty to decide for yourself that is now a mandate? How many federal, state and local laws were passed since you were born? How many new bureaucracies and agencies have been created since you were born? How many new regulations have they imposed? How many tax increases have you seen in your lifetime? How many new government programs have replaced your ability to do it yourself? (more...)

Kakistocracy Report

Tuesday, March 22, 2011