Monthly Archives: November 2010

US Government Royalty Calls Americans the “Greediest” Generation

File photo of then U.S. Senator Simpson discussing his retirement plans in Washington

Former US Senator Alan Simpson - Reuters

Here’s the latest freakin joke coming out of Washington DC. We citizen serfs are greedy.

Alan Simpson, a man who worked most of his entire life in government – some 50 years, has called us the greediest generation partially because seniors are against cuts in social security. Yes, many of us really do expect to get a decent return on the money the US government took from us at gunpoint. After all, unlike private business where we can choose to spend our money on a product or service, you and your government cabal gave us no choice in the matter.

Yes, social security is in big trouble. The federal government has plundered the Social Security Trust Fund and replaced the money there with IOU’s. If a private company did this, government storm troopers would blitz the company offices with shock and awe, arresting the officers and directors. Press releases would be dutifully published in the mouthpiece media by puff piece writers posing as reporters, denigrating each of the company’s managers. Once again, the government would trumpet their victory over evil private business.

Social security is yet another botched US federal government administered program that’s contributing to dangerous budget deficits that may bankrupt the nation. And these deficits must be eliminated. The government must get on sound financial footing or America will cease to be a nation of any relevance. Or worse, the oligarchs giving Senators, Congressthugs, and the President their marching orders will use the collapse of the American economy to force this once free nation into a world governing organization – that they control of course.

But let’s get back to greedy – who is really greedy here Mr. Simpson? You want to lay the burden for the excesses of an out of control socialist government on the backs of seniors – people who are least able to defend themselves against the thugs in Washington DC. Let me repeat myself. Most of the people who rightfully expect Social Security to be there for them, were forced virtually at gunpoint by the federal government to pay into this system. It’s not like any of us were given a choice.

Many of us have seen the 15% social security withholding from our income disappear into government coffers for decades. This is not chump change. There is credible evidence that 15% invested in the private market would yield a considerably greater return; up to 4% vs. the 1% or so you currently receive from the government system. Plus in the private market, the money is yours. You can will it to someone else when you die. But you have risk if you take your social security monies and put them in the private investment market, the socialist governing yappers say. Well, I see a bigger risk to my “investment” in the US government – I may never see a fair return on the money I was forced to pay into the government system.

The US federal government has mismanaged its finances for over 100 years and now this failure to apply the simple economics that most homeowners do in running their own homes, has brought America to the brink of insolvency. In fact, if the USA were a business, government regulators would step in, shut-it down, and arrest its officers and directors. Where are the enforcers who swore to obey and protect the Constitution of the United States? Shouldn’t they be locking up the villains who have led this government into an Enron or WorldCom like financial position? Instead, they along with the mouthpiece media spin this yarn about raising taxes on the rich.

Meanwhile, the Royal Family occupying the White House, Congress, and the Senate, live in the lap of luxury. After fleecing the productive members of society for decades, they now want to cut a program (Social Security) that is largely funded by you and me. Why not? Their perquisites and benefits ensure they all live in rich luxury during their retirement. What do they care about social security other than to use it as a political bargaining chip?

Consider what you and I are paying to ensure our elected and un-elected government officials spend their old age in comfort and style.

Under FERS (Federal Employees’ Retirement System), “a member becomes eligible for benefits upon retirement from Congress if he or she is 62 years old with five years of congressional service; 50 years old with 20 years of service; or any age with 25 years of congressional service.” Compare to your benefits package if you work in private industry. “The amount of a congressperson’s pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member’s retirement annuity may not exceed 80% of his or her final salary.” (from About.com)

Let’s see now. A Senator serves one term. He or she is now eligible for retirement at 62 years of age, receiving up to 80% of the average of the highest 3 years of salary. Plus they receive family health care benefits for life. So we’ll just average the last 5 years of those overstuffed civil servants in the Senate: $847,700 divided by 5 equals: $169,540. At 80%, their annual pension would be $135,632. Well bless their hearts – how will they get by on that pittance paid for by you and me?

Why would Alan Simpson care about social security benefits? He’s covered with some of the richest benefits in the world. If anybody’s greedy Mr. Simpson, it’s you and the thugs who occupied the Senate and Congress for decades, using money taken by force from the US citizens and then handed over to special interest groups as payoffs to get you re-elected.

Should social security be fixed? Yes. But not at the expense of people who actually worked for a living and had their sustenance taken by an out of control government. If this is how the budget will be balanced, then America truly needs a privatized social security system. One where the US government is forbidden to meddle.

Alan Simpson Photo: Reuters (http://www.pictures.reuters.com/c/C.aspx?VP=XSpecific_REU.HomePageSpotlight_VPage)

 

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Filed under Budget Deficit, Social Security

US Government broke so let’s spend another $600 Billion

The Federal Reserve and the Federal Government partners in crime

The Federal Reserve and the Federal Government partners in crime

You probably know someone who lives high on the hog on credit cards and money borrowed from home equity lines of credit. These people always have the latest new toy and the best of everything. Only they know how deep in the hole they’ve dug themselves. Until one day the For Sale sign appears on their front lawn. And the foreclosure notice appears in the newspaper. There are many people who live this way and most probably wish they had a secret printing press to rescue themselves from the fruit of their excess.

Generally, those people hurt only themselves, their immediate family, and the risk takers who foolishly lent them money.

What happens though when those engaged in riotous and carefree living are elite members of your government? America for decades has been subjected to one series after another of huge entitlement programs that are literally sapping the lifeblood out of the country. Like the neighbor who spends money it doesn’t have, the US government has been on a lunatic spending spree that threatens the very survival of the nation itself.

Today, the Federal Reserve, which shouldn’t even be in existence, is publicly discussing the infusion of $600,000,000,000 into the economy – to get the economy “moving again”. This is like that neighbor going wildly into debt, teetering on the brink of bankruptcy, and then borrowing hundreds of thousands of dollars to get back on their feet. You would never live like that. I would never live like that. Most Americans know better.

So why then do we sit back and say absolutely nothing while a conceptually Marxist central bank that shouldn’t even be there, issues a policy statement that will lead to the certain destruction of America? Artificially propping up the economy by infusing a 1/2 billion dollars worth of fake currency is just plain suicidal.

I mean, who else wants to prop up their failing finances with fake money that they spend anywhere they want? I would love to go into my basement and print up $100,000 or so and retire all my debt. Or go out and ‘stimulate’ the economy with my own ‘infusion’ of cash. Why don’t we all just go out and print up some money?

The US federal government along with the gangsters at the US Federal Reserve are going to drive up your costs beyond anything you can imagine. History is full of events that detail out of control renegade governments who print funny money. Zimbabwe and WWII Germany come immediately to mind.

History tells us your gas costs for your vehicle could well hit $9 per gallon or more as a result of US federal government monetary policy. Don’t blame the oil companies. Blame your government. Electricity could double or triple in price. Again, don’t blame your utility, blame your government. Food is already marching upward in cost. It’s going up so rapidly, the government conveniently leaves food out of it’s monthly cost of living increase report. Adding food into that report would show in stark detail that inflation is rapidly growing.

Americans must immediately demand the end to fraudulent Quantitative Easing and the rest of the funny money shenanigans perpetrated by the thugs in the Federal Reserve along with their accomplices in the federal government. Now that there are new elected officials, can we hope for some restoration of sanity to our government?

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Filed under Banking, Economics, Socialism

San Francisco with nearly $1 billion deficit has time to ban McDonald’s Happy Meals

Donut ban is next

Donut ban is next

The government royalty in San Francisco has declared war on individual rights once again by banning McDonald’s Happy Meals unless they meet the approval of the City Food Police. San Francisco joins New York in telling its citizens what they may eat and what they can’t. According to Yahoo! News, “San Francisco has become the first major U.S. city to pass a law that cracks down on the popular practice of giving away free toys with unhealthy restaurant meals for children. San Francisco’s Board of Supervisors passed the law on Tuesday on a veto-proof 8-to-3 vote. It takes effect on December 1. ( After all – they know what’s good for you and your children when you don’t!)

The law, like an ordinance passed earlier this year in nearby Santa Clara County, would require that restaurant kids’ meals meet certain nutritional standards before they could be sold with toys.”

My suggestion to those with brain cells left – pack your bags and move out of this Stalinist state as quickly as you can. When some overstuffed bureaucrats can decide what you can feed your children, the time is long past to either get rid of them or move to a different state. Which state? Any state that remembers we’re governed by the Constitution of the United States which prohibits the actions of these lunatic government space wasters.

Hey San Francisco Jerks! Shouldn’t I make the decision on what I am going to purchase from my local McDonalds?

While San Francisco’s budget deficit could go north of $750,000,000 in 2011, the buffoons running the city have time to regulate Happy Meals. But wait – isn’t obesity among a few children of color much more important than a nearly $1 billion dollar budget deficit that will cost the taxpayers much more in interest payments? Of course it is! No shame on the baboons running city finances into the ground. Let’s instead bash McDonald’s – a business that actually produces jobs, pays taxes, and provides a legitimate self funding service. McDonald’s produces. The very pathetic city of San Francisco and all its minions exist to tax, spend, and regulate – like big fat out of touch royalty.

Parents really only exist in some ethereal state anyway. It’s the government’s job to bring up children today. So stand back and let the nannies in City Hall dictate to you, restaurant owners, and anyone else they can strong-arm what you can and cannot eat in San Francisco.

But wait! While Happy Meals are bad for your children, homosexuality is good for them as evidenced by the wide range of gay friendly legislation in the city. Young children can be brought up by 2 homosexual men – that’s good and proper. But you cannot purchase Happy Meals in San Francisco unless they meet the strict approval of the city’s food police. Now that’s smart and progressive!

Budget deficits must be good for you too! San Francisco joins the state in generating huge budget deficits – California’s is approaching, are you ready for this number – $19 freakin billion dollars! So, while Rome burns the city flunkies are regulating Happy Meals.

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Filed under Civil Rights, Constitution, Socialism