Tag Archives: Economic News

1.6 Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The Republican Party

What the Republican Party has done to fiscal conservatives over the past year and a half has been a betrayal so vast that it is difficult to find words to describe it.  Back in 2010, the Tea Party was riding high and a flood of new Republicans was sent to the U.S. House of Representatives in one of the greatest landslides in U.S. political history.

On election night 2010, more House seats changed hands than in another other election since 1948.  It was the greatest defeat for any sitting president in a midterm election since 1938.  After the election, the Democrats were left with fewer House seats than at any other time since 1946.  Needless to say, it was an absolutely historic election.  The Tea Party completely dominated American politics that night, and they sent the Republican Party a clear message that they wanted government debt to be brought under control.  So what has changed since then?  Not much.  The U.S. government is still running trillion dollar deficits every single year.  I have previously spent a lot of time blaming Barack Obama and the Democrats for this, but the truth is that they could not have spent a single penny without the approval of the U.S. House of Representatives.  So the Republican Party is complicit in this crime against the American people.  If there was ever a mandate to take a stand against runaway government debt, it was after the 2010 election, and the Republican Party has failed miserably.  So what are fiscal conservatives supposed to do now? Read the rest of this entry »


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Bilderberg Members Label Protesters “Cockroaches”

Once again betraying their sneering arrogance towards the American people and the first amendment, Bilderberg members attending their annual confab in Chantilly Virginia this past weekend referred to protesters outside as “cockroaches,” according to one of the hotel employees at the Westfields Marriott.

London Guardian writer Charlie Skelton managed to grab a quick word with one of the hotel staff as he was departing the venue. Skelton also gleaned from police that they were far from friendly towards Bilderberg.

“I was helping a cop move a security cordon near some trees, when he lowered his voice and casually let slip: “We don’t support Bilderberg, trust me.” And there’s what a hotel employee told me as he drove through the gates of the hotel. He lowered his window and beckoned me over. “I want you to know that they call you people ‘cockroaches’. I work in the hotel and they asked me if those cockroaches were still out there. They meant you.” Read the rest of this entry »


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China Warns Australia to Choose “Godfather” — China or U.S.

It is rare in diplomatic circles for governments to speak bluntly, particularly in the Orient, where manners are highly prized.

The exceptions to this rule are retired military officers, who are often able to voice sentiments too impolitic for other channels.

One of the more startling pronouncements in this vein occurred last week when Song Xiaojun, a former senior officer of the People’s Liberation Army, warned that Australia cannot juggle its relationships with the United States and China indefinitely and “Australia has to find a godfather sooner or later. Australia always has to depend on somebody else, whether it is to be the ‘son’ of the US or ‘son’ of China. (It) depends on who is more powerful, and based on the strategic environment.” Noting the rising importance of China as an export market Song added that Australia depended on exporting iron ore to China “to feed itself,” but “Frankly, it has not done well politically.” Read the rest of this entry »


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Obama’s Five Trillion Dollar Lie

Why isn’t the U.S. economy in a depression right now?  The number one reason is because the federal government has stolen more than five trillion dollars from future generations since Barack Obama was elected and has used that money to pump up our grossly inflated standard of living.

Whether the federal government spends money wisely or foolishly, the truth is that the vast majority of it still ends up in the pockets of the American people who then use it to buy the things they need for their daily lives.  If the U.S. government had not borrowed and spent an extra five trillion dollars that we did not have over the past several years, we would be in the middle of a rip-roaring economic depression right now.  So any talk that Barack Obama is “improving the economy” is a total farce.  It is a five trillion dollar lie.  The reality is that Barack Obama and the U.S. Congress have been stealing trillions of dollars from future generations in order to make things tolerable in the present.  If the federal government adopted a balanced budget next year, the debt-fueled prosperity that we are currently enjoying would start disappearing very rapidly and all hell would break loose in America. Read the rest of this entry »


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The Road To Ruin

The list of things the Federal government does well is fairly short. It comprises items like the 3rd Infantry Division; the United States Penitentiary Administrative Maximum Facility in Florence, Colo.; the Eisenhower Interstate Highway System (except that part near New York City that has been under construction since Ike was still alive) and… er… the dime is a nice coin.

The list of things the government does poorly is — obviously — much, much longer and includes essentially everything else. It’s probably worth noting that some things the government does well — like arming Mexican narcoterrorists and lying about it to Congress or teaching fourth-graders proper condom application — don’t really deserve a place in the “good” category. Actually, given the fact that the Nation’s teen pregnancy rate is skyrocketing like Bill Clinton’s blood pressure in a plus-size strip club, the government doesn’t deserve credit for condom application in either direction. Read the rest of this entry »


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Bilderberg Scheme To Save The Euro

Globalists fear Greece could exit single currency and stage a miraculous economic recovery.

The Bilderberg Group is terrified that Greece’s potential exit from the eurozone could lead to a dramatic economic recovery and provide a template for other countries to follow suit, threatening to torpedo the euro single currency and the entire agenda for a European federal superstate.

One of the primary discussion topics at this year’s upcoming Bilderberg Group meeting in Chantilly, Virginia will revolve around how the elite plan to address the issue that threatens to bring their agenda for global governance crashing down – the euro crisis.

The increasing threat of Greece abandoning its promise to honor draconian bailout terms agreed with Brussels and Berlin last night led German chancellor Angela Merkel to acknowledge for the first time that Greece could exit the euro, a likelihood that has sent the single currency along with financial markets plunging in recent days. Read the rest of this entry »


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Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars?

If we are trying to become independent of foreign oil, then why is the Obama administration allowing the Chinese government to buy up U.S. oil and gas deposits worth billions of dollars?

This makes absolutely no sense whatsoever.  The United States desperately needs to maintain control over its own domestic energy resources so that we can end our addiction to foreign oil.  As I have written about previously, the United States actually has plenty of oil.  If we would simply use the resources that we already have, we would never have to import a single drop of foreign oil.  But instead, we continue to be the largest importer of oil on the planet and we are allowing China to rapidly buy up oil and gas deposits inside the United States.  This is fundamentally wrong and it is a serious threat to our national security.  But apparently everything is for sale in the United States today, and that includes our precious energy resources. Read the rest of this entry »


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