Posts tagged cuts
The Mises View: “Government Shutdown, Spending Cuts, and other Fables” | Peter G. Klein
Published by misesmedia
Peter G. Klein explains that the “shutdown” is no shutdown and urges us to reject the economic version of Orwellian doublespeak. Klein is the Mises Institute’s Executive Director and Carl Menger Research Fellow. For more information, visit the Mises Institute online at mises.org.
Written by Ron Paul
It’s Obama’s Safari – But We’re the Ones Taken for a Ride!
Remember the Sequester? Remember the Administration threatening the end of the world if the phony “cuts” (which were actually just decreases in future spending increases) came into effect? Remember the cuts to Air Traffic Controllers while we were told “good luck” on our flights? Remember the cuts to TSA agents while we were told to enjoy our two hour wait in line to be groped or irradiated?
So now we find out that not only has the president found the money to start a new war in Syria, but also to embark upon his own $100 million African safari at our expense!
As USA Today reports, Obama’s African adventure will include:
“Military cargo planes will airlift in 56 support vehicles, including 14 limousines and three trucks loaded with sheets of bulletproof glass to cover the windows of the hotels where the first family will stay. Fighter jets will fly in shifts, giving 24-hour coverage over the president’s airspace, so they can intervene quickly if an errant plane gets too close.
So the big ticket items are exempt from cuts, while maximum pain is being inflicted upon Americans under the guise of the Sequester. That is how Washington works.
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Ron Paul’s Texas Straight Talk
By Ron Paul
Last week the Senate and House demonstrated again why their approval ratings are so low. The 154 page “fiscal cliff” bill was made available to Senators just three minutes before the vote was taken on the legislation. No one can read 154 pages in three minutes, so it is safe to assume that the legislation was passed without being read.
Then the House brought the lengthy and complicated bill to a vote just 22 hours after the text had been available, meaning a full reading of the legislation was not likely possible. This was a clear violation of the “three day rule” adopted by the 112th Congress, which in the name of transparency ordered the House to make legislation available to the public a full three days before a Floor vote.
Perhaps this race to a vote, amid cries of the end of the world without a solution to the manufactured crisis, explains why an even greater than usual amount of special-interest carve-outs made it into the bill.
Article 1, Section 7 of the US Constitution clearly states that “All bills for raising Revenue shall originate in the House of Representatives,” but as has been done many times, the Senate simply attached its bill to an existing House bill and claimed that this Constitutional requirement had been satisfied.
If the process was dishonest and unconstitutional, the content of the bill was even worse.
The “rescue” legislation was packed full of special tax deals for well-connected corporations with the money to hire high-profile lobbyists – usually those who have spent a good deal of time as legislators themselves.
The principle of tax cuts and breaks themselves are not the problem, however. It is incorrect to view any return of tax money to its rightful owner as money taken from the government. Wealth belongs to those who generate it not to government. However, while well-connected special interests like Hollywood and rum manufacturers were being granted targeted tax assistance, the vast majority of Americans were being hit with a significant tax increase in the form of higher payroll taxes. Rather than cut a dime from federal spending, this bill granted breaks to the corporate elites and paid for the “lost revenue” by passing the costs on to the rest of us.
The “fiscal cliff” bill also rescued other corporate interests. Included in the text was a nine-month extension of the 2008 Farm Bill. This is corporate welfare at its worst, spending billions to enrich big corporate farms with direct subsidies at the expense of small farmers — and the taxpayer.
Last week’s last minute deal was the worst of both worlds: higher taxes on nearly all Americans now and a promise to begin thinking about modest cuts in spending growth two months down the road. While there was much hand-wringing over the “draconian” cuts that would have been imposed by sequestration, in fact sequestration would not have cut spending at all. Under the sequestration plan, government spending would increase by $1.6 trillion over the next eight years. Congress calls this a cut because without sequestration spending would increase by $1.7 trillion over the same time frame. Either way it is an increase in spending, however.
I have little hope that a majority of Congress and the President will change their ways and support real spending reductions. Fortunately, increasing numbers of Americans are awakening to the dangers posed by the growth of the welfare-warfare state. Hopefully this movement will continue to grow and force the politicians to reverse course before government spending, taxing, and inflation destroys our economy entirely.
Ron Paul explains why he does not have anything positive to say about the US economy and future for Americans.
Published on Sep 28, 2012 by LibertarianPaulicy
Rep. Ron Paul, (R-Texas), on the lack of effort in Washington to address the fiscal cliff and its impact on the economy.
Social Security is debt slavery for the young. Plain and simple , just one of the many failings of government, who simply is incapable of doing business and can only steal and borrow money in order to spend it.The reward for working hard is to have half your income taken through force and a significant portion of this money is given to those that will not work! If that ain’t killing entrepreneurial spirit then what it is . The funny thing is, you can invest your money in the same place as social security and get more back privately. In fact if you could opt out and invest it in the same place not only could you receive the money for the rest of your life, but your inheritors would actually get the remainder when you die (not just have it go back to the general fund). The stupidest group on the planet are the ones who think that government was meant to provide for everything, and is the answer to everything.In a Ponzi scheme pays off the first few investors. social security does not even do that.A Ponzi scheme is voluntary but Social Security is violent
By Cassandra Anderson
Ron Paul’s Restore America Plan is a 12-page budget that cuts $1 trillion in spending the first year and balances the budget by the 3rd year. Paul proposes eliminating 5 federal executive agencies that include the following departments: Commerce, Education, Energy, Housing and Urban Development and the Interior. The video below explains why it would be a tremendous benefit to get rid of the Department of Interior.
The Department of the Interior has over 70,000 employees and receives more than $12 billion in taxpayer funds.
Federally Owned Land
The Department of the Interior (DOI) is unconstitutional because control over land, water, resources and wildlife are not mentioned as an enumerated power in Article 1, Section 8 of the Constitution. Additionally, the federal government’s ownership of nearly 30% of US land, primarily in the Western states, is an affront to the Equal Footing Doctrine.
When the federal government exerts power that is not specifically given to the feds in the Constitution, it is a violation of the Tenth Amendment and states’ rights.
The Department of the Interior (DOI) has closed enormous swaths of land to development, resulting in economic devastation because most wealth is created from land. Under Paul’s plan, the States would regain control over their land.
Here are a few examples of how the DOI has abused its power over federal land:
• President Bill Clinton declared Utah’s Grand Escalante Staircase a National Monument (under control of the DOI), limiting almost 2 million acres from economic development.
• Nevada is over 80% federally owned, so Yucca Mountain has been targeted by the feds as a nuclear dump site for our country’s 77,000 tons of radioactive waste because it is less trouble to cut through federal red tape on federal land.
The DOI’s sub-agency, the US Geological Survey, appears to have fudged data that favors dumping in Yucca Mountain.
Eurozone finance ministers have agreed to boost the EU’s rescue fund to 800 billion euros, to help countries like Spain recover from their crippling debt woes. Spain’s financial crisis has prompted the government to announce its biggest austerity measures in over three decades. The country’s vowed to cut 27 billion euros from its budget this year. It comes after tens of thousands of protesters hit the streets on Thursday, to fight against labor reforms.
Michael Mross, economic analyst says that while the country struggles to rise out of its debt crisis, it will never be able to implement the new cuts.
By Lauren Fox
In the swing state of Ohio, it appears Texas Rep. Ron Paul’s grassroots following has taken hold.
A Fox News Poll released Thursday shows in a head-to-head matchup, Ohio voters prefer Paul to Obama 42 percent to 41 percent. “Ohio voters, like all voters, are concerned about our nation’s future and understand that Congressman Paul is the best person to be our next president, as he will enact real spending cuts and put us back on the path to prosperity,” campaign chairman Jesse Benton says.
Paul’s not the only candidate overpowering Obama in Ohio polls, former Massachusetts Gov. Mitt Romney performs well against the president, beating him 44 percent to 38 percent.
Former Pennsylvania Sen. Rick Santorum’s blue collar background also resonates with voters in Ohio, who’ve seen a loss of manufacturing and jobs in the state. Santorum overtakes Obama 43 percent to 40 percent.
Winning Ohio will be a major victory in 2012. Ohio played a critical role in the 2008 election outcome, marking a strategic victory for the Democrats who not only won with Obama, but earned two hotly contested congressional seats and won control of the Ohio House for the first time since 1994.
It appears four years later, the Obama campaign has lost it’s grip on the Buckeye state. The only candidate the president polls better than is former House speaker Newt Gingrich, who earned 37 percent of the vote, while Obama won 43 percent.
Now more than every we need the Champion of the Constitution!
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By John Stossel
President Obama said in his State of the Union speech, “We’ve already agreed to more than $2 trillion in cuts and savings.”
That was reassuring.
The new budget he released this week promises $4 trillion in “deficit reduction” — about half in tax increases and half in spending cuts. But like most politicians, Obama misleads.
Cato Institute economist Dan Mitchell cut through the fog to get at the truth of the $2 trillion “cut.”
“We have a budget of, what, almost $4 trillion? So if we’re doing $2 trillion of cuts,” Mitchell said, “we’re cutting government in half. That sounds wonderful.”
But what the president was talking about is not even a cut. The politicians just agreed that over the next 10 years, instead of increasing spending by $9.48 trillion, they’d increase it by “just” $7.3 trillion. Calling that a “cut” is nonsense.
Mitchell gave an analogy: “What if I came to you and said, ‘I’ve been on a diet for the last month, and I’ve gained 10 pounds. Isn’t that great?’ You would say: ‘Wait, what are you talking about? That’s insane.’ And I said: ‘I was going to gain 15 pounds. I’ve only gained 10 pounds, therefore my diet is successful.’”
Democrats use this deceit when they want more social spending. Republicans use it for military spending.
And the press buys it. The Washington Post has been writing about “draconian cuts.”
“The politicians know this game,” Mitchell said. “The special interests know this game. Everyone gets a bigger budget every year. … And we wind up, sooner or later, being Greece.”
We are definitely on the road to bankruptcy.
“We have maybe 10, 15 years’ advanced notice. And what’s frustrating is that we’re not taking advantage of that, even as we see these other countries collapsing into social chaos and disarray.”