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 More...)
Spending
30 Stupid Things The Government Is Spending Money On
If you want to get paid for doing something stupid, just turn to the U.S. government. The U.S. government is paying researchers to play video games, it is paying researchers to study the effects of cocaine on Japanese quail and it has spent millions of dollars to train Chinese prostitutes to drink responsibly. The amount of money that the government wastes is absolutely horrifying. Do you remember all of that political wrangling over the debt ceiling deal last year? Do you remember how our politicians told us that there were cutting spending as much as they possibly could? Well, it was all a giant lie. As you will see below, the U.S. government is spending money on some of the most stupid things imaginable. What makes all of this even worse is that we are going into enormous amounts of debt in order to pay for all of this. We are borrowing billions of dollars a day in order to pay for stupid stuff that no government on earth should ever be paying for. Trust me, you are going to find it hard to believe some of the stuff in this list. It is almost inconceivable what our politicians are doing with our tax dollars. (Read More...)
Debt, Debt, Debt – 15 Facts About U.S. Government Finances That Are Almost Too Crazy To Believe
If your family started spending nearly twice as much as it brought in every single year, how long do you think it would be before your family was completely and totally broke? Well, that is essentially what the federal government is doing. The U.S. government is so deep in debt at this point that it is hard to even try to describe it. Where do you even begin? Trying to put the vastness of U.S. government debt into words is kind of like trying to describe a great work of art by Michelangelo to a blind person. This year the U.S. government is going to go 1.645 trillion more dollars into debt. How can one possibly accurately convey just how large that amount of money really is? If you went out today and started spending one dollar every single second, it would take you over 31,000 years to spend one trillion dollars. Who can even comprehend such an amount? The U.S. government has mismanaged our finances so badly that it is hard to believe. We have sold our children and our grandchildren into perpetual debt slavery and not that many people really seem very upset about it. It is as if most of the nation is in a massive state of denial. (Read More...)
12 Reasons Why Ron Paul Is Very Different From Most Of The Other Contenders For The Republican Presidential Nomination In 2012
Even though most of the potential contenders for the Republican presidential nomination in 2012 have not formally announced their intentions yet, the truth is that the race has already begun. Just look at all of the Republican politicians that have scheduled visits to Iowa. Potential candidates are gearing up their campaigns and it should be one of the most interesting primary seasons in ages. But is there anyone in the field that is really that much different from George W. Bush and John McCain? Is there anyone that is not just going to trot out the same tired old ideas? Is there anyone that would actually do something substantial about government debt? Is there anyone that actually wants to shut down the Federal Reserve? Is there anyone that would actually work to restore our civil liberties? Well, the truth is that most of the potential Republican candidates are virtual clones of George W. Bush and John McCain. There are very few in the field that offer any hope whatsoever. But there is one man that does stand out as being very different. His name is Ron Paul. (Read More...)
4 Ways Barack Obama And The Federal Reserve Are Destroying Our Long-Term Economic Future For Their Short-Term Gain
Many people have been stumped as they have attempted to find a coherent theme in Barack Obama’s economic policies. But the truth is that what the Obama administration is trying to do is not that difficult to figure out. Just like so many other previous administrations, the Obama administration is motivated by self-preservation. All of Barack Obama’s economic policies are designed to produce a short-term economic burst that will help him win the next election in 2012, and the Federal Reserve has been cooperating every step of the way. Perhaps the Federal Reserve is motivated by self-preservation as well. The American people are becoming extremely disenfranchised with the Federal Reserve, and so those inside the Fed likely realize that they better get the economy on track or face even more scrutiny. In any event, Obama and the Fed are working together to do whatever they can to improve the short-term economic situation. Unfortunately, everything that they are doing is making our long-term economic problems even worse. But Barack Obama and the Federal Reserve are not really concerned with what is going to happen down the road. What the Obama administration and the Federal Reserve are concerned about is protecting their rear ends in the here and now. (Read More...)