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The Socialist Agenda for destroying America by grinding us down and taking apart our Judeo-Christian beliefs, the Constitution and the institutions - rule of law that have provided us with the enormous prosperity that comes from Ordered Liberty.

excerpt: The fact that the wealthiest already pay their fair share and more is borne out by this from the IRS: Individuals earning in the top one percent paid 40 percent of all income taxes, while those in the top 10 percent paid 71 percent of all income taxes. The fact that going after the wealthiest for even more isn't going to generate significant additional revenues - certainly not enough to make a dent in the debt - isn't mentioned by the President in his letter. And if Obama is so determined to be "fair", why doesn't he simply offer to write a check to the IRS for the part of his income that he feels he doesn't deserve? He doesn't say. The President did get one thing right: The middle class is the target of any deficit-reduction plans likely to come out of Washington in the next few days: "It's just not right to ask them to pay the whole tab - especially when they're not the ones who caused this mess in the first place." He's right: The middle class didn't create the financial crisis; the Ruling Class did. Instead, the middle class, by and large, just want to be left alone to work out their own lives. Whenever possible, they resist further government intrusions into their lives - witness the growth of the Tea Party - and are waiting to see if Washington will, for the first time in memory, not listen to the siren song of entitlement protection and class warfare being sung by the President, and instead ignore him and start some serious cutting back of Leviathan. Perhaps what the President should be saying to the American people is what he said as Senator in railing against raising the debt ceiling back in March, 2006: The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. In

excerpt: The government is using the usual scare tactics to strong-arm the people into going along with more spending. Remember the rhetoric surrounding the big bailout of October 2008? We were told, not that this would be calamitous for the banks, but for the people, who would continue to experience massive job losses and foreclosures. We were told that the economy would sink into a deep recession if this money was not handed out to too-big-to-fail corporate cronies. So, after much hand-wringing, leaders from both parties, against unprecedented public outcry, agreed to shower money on the banks and increase the debt. The banks learned nothing, except that Washington will come to their rescue, no matter what. The people, however, continued to lose their jobs and houses anyway, and here we are, still in a deep recession.

Today may be the last chance we have to save our country.  Congress and Obama must come up with $4 Trillion in short term spending cuts to save the dollar.  I don't see it happening.  Boehner and the Republican establishment traded away the Cut, Cap & Balance Bill before it was even passed.  And it was passed only to be immediately put in the dirt by Boehner, Reid and McConnell.  Instead they came up with the largest increase in borrowing power the US Treasury has ever seen, $2.4 Trillion, near immediately.  Then they baked in the end of the Bush tax cuts, the $1 Trillion porkulous addition to the budget, and, ObamaCare to guarantee the largest tax increase in US history. This is indeed the End of America. excerpt: Yes, it's for real. We've been wondering when the markets would wake up to the reality of the sovereign debt crisis. Today is the day… The action in the fixed-income markets this morning verged on collapse. Yields on the world's benchmark sovereign debt - the U.S. 10-year Treasury bond - plummeted. Investors panicked and moved into the market, which is the world's most liquid market. Meanwhile, just about everything else in fixed income got killed. Mortgage REITs were briefly "no bid," for example. Annaly - the blue-chip mortgage REIT - was down more than 15% at the open. (I'll explain why in a moment.) It was as if the world's fixed-income investors finally woke up and realized the world's economy has serious problems… which our politicians seem unable to address, let alone repair.

S&P wants the US to generate enough savings from its debt deal to stabilize the national debt so that it will no longer continue to grow faster than the economy. Its concerns were divided into two categories. First, the Americans are growing old and the consequent increases in entitlement costs cannot be sustained alone by the current tax collections for programs like Social Security. So, the government needs to create a framework to address the costs of an aging American population. This could require an increase in the age limit at which Social Security and Medicare Benefits could be accessed and to exclude those people who have savings or jobs from both of these programs.   The other crucial area of concerns highlighted by S&P is that budget cuts alone are not enough to reduce deficits. So taxes have to be increased to add revenue to the Treasury. While increasing revenue and cutting spending will help in reducing the deficit and help in balancing the budget. A cap on spending would act as sort of a stopgap preventing lawmakers from letting party politics put a blockade in the way on necessary steps towards the economic recovery of the US.   Analysts believe that the US needs to compromise on its defence budget also, which still supports large deployments of armed forces and material overseas. The US has commitments to NATO in Afghanistan and Iraq, and the federal government believes that it needs to support strategic initiatives in place like Japan. The government has to take strong steps in its policy towards these obligations to put the country's economy back on track.   The US owes maximum of its debt to China. So the Congress needs to put pressure on the Chinese government to alter the value of its currency to make the trade between the two countries fair. Furthermore, cheap goods exported by China have caused a loss of manufacturing jobs in the US, so the latter should place tariffs on more Chinese goods as a way to raise money and prevent dumping of pro

If your angry over the National Debt Ceiling Scam, you're not alone. Ann Barnhardt is fist pounding furious. And with good reason. This is going to be a long battle. One thing i do disagree with her on though is where Obama will borrow the money to fund the $2.4 Trillion debt increase. She's right that no country in the world has $2.4 Trillion to lend us. But the Banksters have plenty! Two weeks ago the GAO released the results of the first time ever inventory of the Federal Reserve Bankster Cartel. They found that the FRBC had created $16.1 Trillion of our money between 2009 and 2010, and passed that money to member Banksters, international Bankster associates, and too-big-to-fail Wall Street gamblers; at near zero percent interest. Combined with the the US TARP bailout, and the AiG - Fannie Mae - Freddie Mac bailouts, the total cost of converting Bankster debt to USA Taxpayer debt tops out at over $23.4 Trillion. The Banksters are flush with dollars, but what are they going to invest in? It's said that the Federal Reserve owns somewhere between 70%- 80% of the US Treasury issued debt. The way this happens however is that the Federal Reserve first "lends" (at near 0%) created dollars to member Banksters. Then the Banksters purchase the Treasuries at 3.25% and up depending on the payout period per note. In effect, American Taxpayers get to borrow back their own money while paying the Banksters a hefty, risk free handling fee of at least 3.25%. So, with $16.1 Trillion sloshing around, and not much too invest in, the Banksters really need Obama to borrow $2.4 Trillion, and spend a whole lot more. At some point this ponzi scheme will collapse, but not today. Least ways not until the Banksters can launder that $16.1 Trillion freebi. My guess is that the Banksters would like to turn the $16.1 Trill into 3.25% bonds, and then into land, indentured tax obligations (inter-generational), and investments in debt free third world countries - where the

"- where the game of new world order begins anew. Jaded, cynical, but very much awake and aware...... ~ge~" Sorry, Diigo truncated the comment but only for the Group "End of the American Dream" post. My bookmark actually has the entire comment. Very strange, and i think it's something that might be reported to Maggie. What i have found out is that if you use the diigo plug-in, your comments will be unexpectedly truncated. I've lost losts of stuff over the years. Then i switched to the Chrome plug-in "Share This". There is no truncation, except in the Group view of a post!!! So, the question for Maggie is, "Why are the Group comments to a bookmark unexpectedly truncated?"

What kind of a person would make up stories about his mother in order to score political points? The same person who would tell the American people that he wants to cut spending when he has presided over an increase in the federal debt from 53 percent of GDP in 2009 to 72 percent this year. In February, that same person presented Congress with a budget that increases federal debt by $10 trillion over the next decade. In April, that person rejected Republican efforts to raise the debt ceiling in return for spending cuts. Now Obama is claiming he wants spending cuts, but he will not specify which ones beyond a pathetic $2 billion. The disparity between Obama's words and his actions goes back to the healthcare bill. He claimed no one would lose their existing coverage. It turns out that was more hocus-pocus. A McKinsey & Co. survey found that nearly a third of private-sector employers say they will discontinue covering their employees with health insurance because of the rising cost imposed by Obama's healthcare legislation. One reason for the increased cost is the requirement that health insurers cover everyone regardless of whether they have a pre-existing condition. That is like allowing drivers to go without car insurance and then letting them sign up for it to pay for an accident that has already occurred. The rest of the country foots the bill.

Wow.  The hedge fund guys are now turning away from big government socialism and the forceful seizure and redistribution of wealth as the solution to all problems.  So why do these guys keep pouring millions of dollars into Obama's re-election?  Is it protection money?  Or influence peddling? excerpt: It's increasingly difficult to avoid that conclusion that while Washington burns, President Obama is fiddling away by insisting that the only solution to the nation's problems -- whether unemployment, the debt ceiling or deficit reductions -- lies in redistribution of wealth. Perhaps the difference between President Obama and many Americans is that the president sees prosperity as a sign of "unfairness" that needs to be corrected by government via higher taxes and increased regulation. Perhaps a plan that led the way forward by expanding oppportunities rather than redistrbuting incomes and emphasizing growth and prosperity for all would be met with less political resistance.

excerpt:  Instead of a "stimulus" to create jobs by financing useful investments that would have paid a growth dividend in the future, we got a debt-fueled permanent expansion of entitlements and the size of government. In health care, instead of reforms to encourage competent consumers not to treat health care as a free lunch, we got a doubling down on health-care free lunchism. In banking, instead of new incentives to cause creditors to pull in the reins on risk-taking banks, we got a formalization of too big to fail. All economic crises begin differently-this one began in housing-but eventually they morph into the same old crisis of forgetting what works. Think about the last big crisis of faith in American capitalism in the early 1980s. The panic was eventually crystallized in dueling Harvard Business Review articles by George Gilder and Charles Ferguson. Mr. Ferguson, an MIT-based consultant, argued the U.S was dooming itself to vassalage unless Washington brushed aside small, poorly-funded entrepreneurs and concentrated regulatory favors and subsidies on giant firms like IBM, AT&T, Digital Equipment and Kodak. Mr. Gilder championed the then-emerging Silicon Valley paradigm. He quoted technologist Carver Mead: "We depend on the innovations of the citizens of a free economy to keep ahead of the bureaucrats and the people who make a living on control and planning. In the long term, it's the element of surprise that gives us the edge over more controlled economies." Who won hardly needs to be belabored except that it apparently does need to be belabored. Almost everything Mr. Obama understands as pro-growth consists of bets on "bureaucrats and the people who make a living on control and planning."

President Obama, what exactly will you choose to pay? What are your priorities?  Excellent YouTube video explaining the National Debt Ceiling SCAM!  (Many thanks to uber Patriot Frank A. for the link).  Great graphics, and the end sequence is perfect!! The graph is meant to visually demonstrate just what was stated in the video... That after obligations like Social Security, Medicare, Military, Air Traffic Control, and existing debt management are met, there is still another 17 billion left over.  Meaning the aforementioned services are being threatened at the President's own discretion. The politics are thick here, with both the Federal Reserve and the Treasury Department full participants in the political scam.   The question remains, if Obama is not going to meet those debt obligations outlined in the graph, WHAT IS HE GOING TO DO WITH THE $181.1 Billion in MONEY that comes into the Treasury this August?

The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr. Reagan passed the biggest tax cut ever, combined with an agenda of deregulation, monetary restraint and spending controls. Mr. Obama, of course, has given us a $1 trillion spending stimulus. By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would "overheat." In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a "double-dip" recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight. My purpose here is not more Reagan idolatry, but to point out an incontrovertible truth: One program for recovery worked, and the other hasn't. The Reagan philosophy was to incentivize production-i.e., the "supply side" of the economy-by lowering restraints on business expansion and investment. This was done by slashing marginal income tax rates, eliminating regulatory high hurdles, and reining in inflation with a tighter monetary policy.

The Issue:  President Obama and his liberal cohorts are set to takeover the Internet beginning November 20 unless freedom-loving Americans demand this illegal assault on Free Speech in America end. Back on December 21, 2009, a Federal Communications Commission (FCC) power-grab, illegally imposed strict, job-killing restrictions on the Internet. The move was no doubt fueled by Tea Party successes, and a growing fear among liberals that conservatives needed to be silenced. That said, the FCC move wasn't widely reported. In fact, many are unsure as to what the new Net Neutrality rules actually mean. What is certain, however, is that in seizing the Internet Obama has also muzzled the greatest mechanism of growth in our history (under the guise of promoting "freedom" for all), and taken one giant step closer to controlling the unfettered access to news and information that we read. The Action:  Without the support of the American people and requiring no votes in Congress, the so-called Net Neutrality rules didn't require any Congressional action. Now with the federal government seizing control, Grassfire Nation is moving quickly to amass at least 150,000 petitions demanding Congress to reverse the Net Neutrality ruling through legislation.  

With the 2012 presidential election before us, the country is again caught up in debating national security issues, our ongoing wars and the threat of terrorism. There is one related subject, however, that is rarely mentioned: civil liberties. Protecting individual rights and liberties - apart from the right to be tax-free - seems barely relevant to candidates or voters. One man is primarily responsible for the disappearance of civil liberties from the national debate, and he is Barack Obama. While many are reluctant to admit it, Obama has proved a disaster not just for specific civil liberties but the civil liberties cause in the United States.

Comment:  While researching the September 2008 financial collapse, a freind introduced me to Porter Stansberry (thanks Marux!).  I've been following Porter through the Daily Crux Report ever since, and, as extreme as his opinions appear, time and again he has proven to be drop dead right.  This latest presentation summarizes Porter's thinking and is buttressed with facts and quotes.  The first part of the presentation is a fictional press conference dated December 2012.  This about 15 minutes.  Porter then follows that with near 45 minutes of facts and quotes woven into a comprehensive summary of how we got into this mess and what the possible outcomes going forward.   The basics are simple enough: the combination of Government borrowing, spending, printing and regulating is killing the dollar.  Our currency is very special in that it's the world's reserve currency; a good fortune that has unfortunately resulted in our spending and borrowing way more than we produce.  On top of this dilemma, the financial crisis of 2008 resulted in the world's Banksters offloading their $Trillions of debt and losses onto the US Treasury; the taxpayers.  So now we have the taxpayers holding the debt of an out of control socialist government spending, borrowing, and regulating us into the dirt regulating.  And, these same taxpayers picking up all the losses of the World's most greedy and evil criminals - the Banksters.  At the center of it all is the Federal Reserve, a world Bankster cartel in control of our currency, and printing it out like there's no tomorrow.  Porter talks about that tomorrow, and what it might look like if we the people do not take back our government and our currency.   excerpt: THE FOLLOWING IS A FICTIONAL DRAMATIZATION OF A PRESS CONFERENCE BY PRESIDENT BARACK OBAMA, ADDRESSING THE AMERICAN PEOPLE, FROM THE EAST ROOM OF THE WHITE HOUSE Set in December 2012, this speech details what we believe The President might say on the day America's fore

Incredible post from Bruce Krasting concerning the upcoming Obama "Jobs" speech to Congress.  Bruce puts a lot of pieces together and comes up with a view that the Federal Reserve is going to pump $1 Trillion into the economy through a massive Fannie/Freddie ReFi Mortgage plan.  It's audacious.  And it's also very likely to happen.  Beware the unintended consequences.  Great comments to this post! excerpt: "Okay. Put these pieces together. What do you have? Assume for the sake of discussion that the President does announce a major new initiative to ReFi F/F mortgages. Assume further that the cost of the millions of ReFi's would come from existing sources (the $35b of already issued and funded Hope Now Bonds), or better yet, the costs would be crammed down the neck of the banks who are servicing the loans (necessary to get DeMarco to go along). Say, for the sake of discussion, that the targeted mortgages are those who have not yet defaulted, but are desperately in need of a break. That amount would come to about $1.4 Trillion. This is a very big amount. Assume finally that the new mortgage rate would be about 4%. This (if accomplished) would be a very big shot in the arm for the economy as a whole. Now do a flow of funds for this mega transaction.

CBS News reproter Sharyl Attkisson on the Laura Ingram Show describes her efforts to get answers from the Obama Whitehouse about the notorious  Fast and Furious Justice Departments gun running fiasco. excerpt: The Fast and Furious scandal, in which the Justice Department knowingly gave Mexican criminal gangs thousands of guns, just keeps escalating. The latest development centers around whether or not Attorney General Eric Holder lied to Congress about having knowledge of the controversial gun trafficking operation. Recently released documents say Holder was briefed about the operation long before he told the Judiciary Committee he was first aware of what was going on. (Holder now claims he misunderstood the question was being asked.)

This is the Sharyl Attkisson news report video that every American should take the time to view.  This is the trajic and still unfolding story of Obama's Project Gunrunner, where over 2,500 assault weapons, including 50 Caliber rifles, were ordered to be sold to criminal Mexican Drug Cartels.  Obama used over $10 Million of the Stimulous Act to fund the operation.  Now Mexican and American law enforcement and border patrol members are getting gunned down by the thugs Obama armed.  Must see video. excerpt: December 14, 2010. The place: a dangerous smuggling route in Arizona not far from the border. A special tactical border squad was on patrol when gunfire broke out and agent Brian Terry was killed. The assault rifles found at the murder were traced back to a U.S. gun shop. Where they came from and how they got there is a scandal so large, some insiders say it surpasses the shoot-out at Ruby Ridge and the deadly siege at Waco.........

Good summary of the facts involving the horrific guns for drugs program launched by Obama in his continuing efforts to discredit and compromise the 2nd Amendment.  Over 2,500 assault weapons intentionally sold to illegal Mexican drug gangs, using over $10 Million of Obama "Stimulous Funds".  No wonder there are no shovel ready projects.  Good stuff coming out of CBS too!  From Sharyl Attkisson... excerpt: With the full knowledge of the Department of Justice, ATF agents facilitated the sale of thousands of guns to Mexican drug cartels and dropped all surveillance of those weapons once they crossed the border.  Weapons sold during Operation Fast and Furious have been used to shoot U.S. border control agents.  Weapons sold during Operation Fast and Furious have been found at dozens of crime scenes in Mexico.  Nobody has been held accountable for this scandal yet.  U.S. Attorney General Eric Holder has been stonewalling all efforts by members of Congress to look into Fast and Furious.  A CBS reporter that has been aggressively investigating this story was recently screamed at and cussed at by a high ranking official that works in the White House.  It has become abundantly clear that the Obama administration desperately wants to hide what went on during Operation Fast and Furious.  So will they succeed or will we eventually find out the truth? What you are about to read should shock the living daylights out of you.  The U.S. government purposely armed Mexican drug cartels with thousands of guns and then ordered agents not to follow the weapons across the border. This should be a story that the mainstream media is pounding on every single day. But they aren't. In fact, they are mostly ignoring it.

Excellent summary of Herman Cain.  Background and brief explanation of Herman's "first 90 days in the White House" plan.  Good stuff.... excerpt:  Herman Cain - or the Hermanator, as he calls himself in his new book - is so confident he'll be elected president on November 6, 2012, he's already sketched out his first 90 days in office. Among the things he says he'll do in the early days of a Cain administration: "Treat our economic system as I would a corporation on the verge of bankruptcy: Step one, make a 10 percent across-the-board cut" in all government departments. Step two, he says, would include "vertical deep dives" in which every department would be asked to justify its cost and directly answer the question, "Is it still in the best interests of the country?" Election 2012 Complete Coverage According to a new CBS News poll, Cain, 65, is now tied with Mitt Romney, the former Massachusetts governor, atop the field of Republican presidential candidates. Among GOP primary voters, support for Cain now stands at 17 percent support, compared with 5 percent two weeks ago. (Rick Perry has fallen 11 percentage points in just two weeks.) Cain's 9-9-9 tax plan has attracted voters: He'd replace the current tax code with a nine-percent flat income tax, a nine-percent corporate tax, and a nine-percent national sales tax.

Incredible story of how the Obama bailout of GM and Chrysler went down.  Very in-depth, exhaustively researched, and well written. excerpt: Detroit's Big Three automakers came closer than America realized to becoming the Big Two. General Motors Corp. ended merger talks with Chrysler LLC in November 2008 to focus on getting emergency federal aid, but Chrysler continued to believe a tie-up with GM was its best chance for survival. In April, as both automakers were surviving on government aid and fighting bankruptcy, Obama administration officials spent two weeks working on a plan for GM to acquire Chrysler's best assets and keep the doors open on a third of its factories. Advertisement Some members of President Barack Obama's auto task force saw it as a fallback position if Chrysler failed to reach a partnership deal with Italy's Fiat SpA. Other members opposed it. But top task force officials ultimately decided it was too late in the game for a merger, too complicated and would cost too many jobs compared to an alliance with Fiat. The GM-Chrysler tale is among new details that emerged in Detroit News interviews with more than a dozen insiders -- automakers as well as government officials -- over the past two months. They reveal the much greater government role in the historic bailout of both companies than has been disclosed previously. Faced with the prospect of losing 1.1 million direct and indirect American jobs, as well as a major leg of the nation's economy, the government believed it could not afford to let the industry fail. In the end, the GM and Chrysler bailout resulted from fortunate timing and the work of a group of unknown Wall Street veterans. Under the aegis of the White House, and without congressional approval, they forced a restructuring that the automakers themselves had been unwilling or unable to accomplish -- even as they saw disaster looming.