Posts tagged taxes
By Peter Schiff
Friday, December 13, 2013
Peter Schiff ~ They Bravely Chickened Out
Earlier this week Congress tried to show that it is capable of tackling our chronic and dangerous debt problems. Despite the great fanfare I believe they have accomplished almost nothing. Supporters say that the budget truce created by Republican Representative Paul Ryan and Democratic Senator Patty Murray will provide the economy with badly needed certainty. But I think the only surety this feeble and fictitious deal offers is that Washington will never make any real moves to change the trajectory of our finances, and that future solutions will be forced on us by calamity rather than agreement.
There can be little doubt that the deal resulted from a decision by Republicans, who may be still traumatized by the public relations drubbing they took with the government shutdown, to make the 2014 and 2016 elections a simple referendum on Obamacare. Given the ongoing failures of the President’s signature health care plan, and the likelihood that new problems and outrages will come to light in the near future, the Republicans have decided to clear the field of any obstacles that could distract voters from their anger with Obama and his defenders in Congress. The GOP smells a political winner and all other issues can wait. It is no accident the Republican press conference on the budget deal was dominated by prepared remarks focusing on the ills of Obamacare.
Although he had crafted his reputation as a hard nosed deficit hawk, Paul Ryan claimed that the agreement advances core Republican principles of deficit reduction and tax containment. While technically true, the claim is substantively hollow. In my opinion the more honest Republicans are arguing that the Party is simply making a tactical retreat in order to make a major charge in the years ahead. They argue that Republicans will need majorities in both houses in 2014, and the White House in 2016, in order to pass meaningful reforms in taxing and spending. This has convinced them to prioritize short term politics over long term goals. I believe that this strategy is wishful thinking at best. It magnifies both the GOP’s electoral prospects (especially after alienating the energetic wing of their party) and their willingness to make politically difficult decisions if they were to gain majority power (recent Bush Administration history should provide ample evidence of the party’s true colors). Their strategy suggests that Republicans (just like the Democrats) have just two priorities: hold onto their own jobs, and to make their own party a majority so as to increase their currency among lobbyists and donors. This is politics at its most meaningless. I believe public approval ratings for Congress have fallen to single digit levels not because of the heightened partisanship, but because of blatant cowardice and dishonesty. Their dereliction of responsibility will not translate to respect or popularity. Real fiscal conservatives should continue to focus on the dangers that we continue to face and look to constructive solutions. Honesty, consistency and courage are the only real options.
In the meantime we are given yet another opportunity to bask in Washington’s naked cynicism. Congress proposes cuts in the future while eliminating cuts in the present that it promised to make in the past! The Congressional Budget Office (which many believe is too optimistic) projects that over the next 10 years the Federal government will create $6.38 trillion in new publicly held debt (intra-governmental debt is excluded from the projections). This week’s deal is projected to trim just $22 billion over that time frame, or just 3 tenths of 1 percent of this growth. This rounding error is not even as good as that. The $22 billion in savings comes from replacing $63 billion in automatic “sequestration” cuts that were slated to occur over the next two years, with $85 billion in cuts spread over 10 years. As we have seen on countless occasions, long term policies rarely occur as planned, since future legislators consistently prioritize their own political needs over the promises made by predecessors.
The lack of new taxes, which is the deal’s other apparent virtue, is merely a semantic achievement. The bill includes billions of dollars in new Federal airline passenger “user fees” (the exact difference between a “fee” and a “tax” may be just as hard to define as the difference between Obamacare “taxes” and a “penalties” that required a Supreme Court case to decide). But just like a tax, these fees will take more money directly from consumer’s wallets. The bigger issue is the trillions that the government will likely take indirectly through debt and inflation.
The good news for Washington watchers is that this deal could finally bring to an end the redundant “can-kicking” exercises that have frustrated the Beltway over the last few years. Going forward all the major players have agreed to pretend that the can just doesn’t exist. In making this leap they are similar to Wall Street investors who ignore the economy’s obvious dependence on the Federal Reserve’s Quantitative Easing program as well as the dangers that will result from any draw down of the Fed’s $4 trillion balance sheet.
The recent slew of employment and GDP reports have convinced the vast majority of market watchers that the Fed will begin tapering its $85 billion per month bond purchases either later this month or possibly by March of 2014. Many also expect that the program will be fully wound down by the end of next year. However, that has not caused any widespread concerns that the current record prices of U.S. markets are in danger. Additionally, given the Fed’s current centrality in the market for both Treasury and Mortgage bonds, I believe the market has failed to adequately allow for severe spikes in interest rates if the Fed were to reduce its purchasing activities. With little fanfare yields on the 10 year and 30 year Treasury bonds are already approaching multi-year highs. Few are sparing thoughts for yield spikes that could result if the Fed were to slow, or stop, its buying binge.
So America blissfully sails on, ignoring the obvious fiscal, monetary, and financial shoals that lay ahead in plain sight. I believe that will continue this dangerous course until powers outside the United States finally force the issue by refusing to expand their holding of U.S. debt. That will finally bring on the debt and currency crisis that we have created by our current cowardice.
Peter Schiff is the CEO and Chief Global Strategist of Euro Pacific Capital, best-selling author and host of syndicated Peter Schiff Show.
Boeing’s crony capitalism in America’s heartland
Everywhere Boeing goes subsidies follow. Without fail. In defense, in commercial aircraft, it doesn’t matter. It almost appears that subsidies are built fundamentally into Boeing’s business plan.
Actually, subsidies are built fundamentally into Boeing’s business plan.
The airline manufacturer even has its own taxpayer subsidized bank in the Export Import Bank of the United States. Sweet!
Not sweet for the taxpayers, but hey who cares about them?
(From The American Spectator)
Nixon is urging Missouri lawmakers to adopt a special tax package that would pay Boeing up to $75,000 per job per year — based on annual subsidies of $150 million spread over a minimum requirement of 2,000 jobs. No doubt that will strike some observers as money well spent — given much higher subsidy costs in other areas, such as solar energy, where federal subsidies have exceeded $350,000 per job.
Nevertheless, there are good reasons for being strongly opposed to the Boeing package.
Image credit: http://www.againstcronycapitalism.org
About Nick Sorrentino
Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.
By Rick Wells
Abolish The IRS and End Income Tax Legislation Introduced in Congress
Three American Congressman are taking a stand for the citizens of this nation and leading an effort to steer us back in line with the Constitutional government as it was given to us by our founders. It is a large step but one that is sorely needed if we are to ever free ourselves from the shackles of our global government protagonists.
Congressman Jim Bridenstine, R-OK, along with Reps. Ron DeSantis, R-FL., and Thomas Massie, R-KY., has introduced House Joint Resolution 104, “an amendment to the Constitution of the United States to repeal the 16th article of Amendment.”
Among the arguments made in favor of this legislation is a resolution to the conflict which exists between the 16th amendment and the 4th Amendment protections to be secure in our persons, houses, papers and effects from unreasonable searches and seizures. Bridenstine’s contention is that the methodology of IRS seizures and IRS data-mining in the form of intrusive mandatory tax form submissions violate the fourth amendment protections.
Repealing the 16th Amendment would eliminate the personal and corporate income taxes, the estate and gift taxes and the taxes on investment earnings at the federal level.
The process is not difficult but does require some time and the involvement of the states and citizens. There is a simple three-fourths of the states approval threshold which must be met in order to repeal an amendment.
After ratification, there would be a two-year period which is more than enough time in which to determine a replacement revenue system.
A List Of 23 Famous Obama Quotes That Turned Out To Be Broken Promises Or Cold-Hearted Lies
How many lies can one president tell and still retain any credibility? What you are about to see is absolutely astounding. It is a long list of important promises that Barack Obama has broken since he has been president. If he had only told a few lies, perhaps the American people would be willing to overlook that. After all, pretty much all of our politicians our liars. Unfortunately, many of the lies that Obama has told appear to have been quite cold-hearted in nature. For example, Barack Obama repeatedly made the promise that “you will be able to keep your health care plan” under Obamacare. But now we are learning that he knew that this was a lie all along. Not only that, the Democrats in Congress knew that this was a lie all along too. In fact, U.S. Senator Kirsten Gillibrand, a Democrat, said the following when she was asked about Obama’s promise to the American people recently: “He should’ve just been specific. No, we all knew.” You can see video of her making this statement right here. The truth is that they all knew that millions upon millions of Americans would lose their current health care policies under Obamacare. They deliberately lied just so that they could get the law passed.
And of course this is far from the only major lie that Obama has told in recent years. The following is a list of 23 famous Obama quotes that turned out to be broken promises or cold-hearted lies…
#1 “If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”
#2 “My administration is committed to creating an unprecedented level of openness in government.”
#3 “We agree on reforms that will finally reduce the costs of health care. Families will save on their premiums…”
#4 “I don’t want to pit Red America against Blue America. I want to be the president of the United States of America.”
#5 “We’ve got shovel-ready projects all across the country that governors and mayors are pleading to fund. And the minute we can get those investments to the state level, jobs are going to be created.”
#6 “And we will pursue the housing plan I’m outlining today. And through this plan, we will help between 7 and 9 million families restructure or refinance their mortgages so they can afford—avoid foreclosure.”
#7 “I will sign a universal health-care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.”
#8 “We reject the use of national security letters to spy on citizens who are not suspected of a crime.”
#9 “For people with insurance, the only impact of the health-care law is that their insurance is stronger, better, and more secure than it was before. Full stop. That’s it. They don’t have to worry about anything else.”
#10 “We will close the detention camp in Guantanamo Bay, the location of so many of the worst constitutional abuses in recent years.”
#11 “Allow Americans to buy their medicines from other developed countries if the drugs are safe and prices are lower outside the U.S.”
#12 “We will revisit the Patriot Act and overturn unconstitutional executive decisions issued during the past eight years.”
#13 “Will ensure that federal contracts over $25,000 are competitively bid.”
#14 “We reject sweeping claims of ‘inherent’ presidential power.”
#15 “Will eliminate all income taxation of seniors making less than $50,000 per year. This will eliminate taxes for 7 million seniors — saving them an average of $1,400 a year– and will also mean that 27 million seniors will not need to file an income tax return at all.”
#16 “We support constitutional protections and judicial oversight on any surveillance program involving Americans.”
#17 “If we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home, we will end this war. You can take that to the bank.”
#18 “Will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.”
#19 “The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation.”
#20 “We have a choice in this country. We can accept a politics that breeds division and conflict and cynicism…. That is one option. Or, at this moment, in this election, we can come together and say, ‘Not this time….’”
#21 “We’ve got to spend some money now to pull us out of this recession. But as soon as we’re out of this recession, we’ve got to get serious about starting to live within our means, instead of leaving debt for our children and our grandchildren and our great-grandchildren.”
#22 “[T]oday I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay – and that means taking responsibility right now, in this administration, for getting our spending under control.”
#23 “I, Barack Hussein Obama, do solemnly swear that I will execute the office of president of the United States faithfully, and will to the best of my ability, preserve, protect, and defend the constitution of the United States.”
Image credit: http://thetruthwins.com
Central Bank Monetary Cures Cannot Work
Published by Peter Schiff
Peter Schiff on CNBC Europe (11/7/2013)
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Glenn Jacobs (WWE Wrestler Kane) Talks Libertarianism, and His Heroes
Published by TomWoodsTV
Tom Woods interviews Tennessean and WWE wrestler (Kane) Glenn Jacobs regarding the philosophy of Libertarianism, personal freedom and economic liberty.
Ignored Reality Is Going To Wipe Out The Human Race
To inform people is hard slugging. Everything is lined up against the public being informed, or the policymakers for that matter. News is contaminated by its service to special interests and hidden agendas. Many scientists or their employers are dependent on federal money. Even psychologists and anthropologists were roped into the government’s torture and occupation programs. Economists tell lies for corporations and Wall Street. Plant and soil scientists tell lies for agribusiness and Monsanto. Truth tellers are slandered and persecuted. However, persistence can eventually win out. In the long-run, truth sometimes emerges. But not always. And not always in time.
I have been trying to inform the American people, economists, and policymakers for more than a decade about the adverse impacts of jobs offshoring on the US economy. The word has eventually gotten out. Last week I was contacted by 8th grade students competing for their school in CSPAN’s StudentCam Documentary Contest. They want to interview me on the subject of jobs offshoring for their documentary film.
America is a strange place. Here are eighth graders far ahead of the economics profession, the President, the Congress, the Federal Reserve, Wall Street, and the financial press in their understanding of one of the fundamental problems of the US economy. Yet, people say the public schools are failing. Obviously, not the one whose students contacted me.
Is it too late? I know much, but not all. So this is not the final word. I think it might be too late. When skilled jobs are sent abroad, the skills disappear at home. So do the supply chains and the businesses associated with the skills. Things close down, and abilities are lost. Why take a major in college for a job that is offshored. A culture disappears.
But we can start them back up, right? Perhaps not. When a First World country exports its technology and know-how abroad to a Third World country in order to benefit from lower cost labor, how does the First World country get the work back? Living standards and the cost of living in Third World countries are much lower than in First World countries. The populations of First World countries cannot pay their mortgages, car payments, student loans, medical care, and grocery bills with the wages of Third World countries.
When First World wages drop, mortgage, car, credit card, and student loan payments do not drop. Americans cannot live on Chinese, Indian, and Indonesian wages. Once the technology and know-how is transferred, the low wage country has the advantage in the absence of tariff protection.
For America to revive, our economy would have to be walled off with high tariffs, and subsidies would have to be provided in order to recreate US industry and manufacturing. But many corporations now produce offshore, and America is broke. The government has been $1 trillion dollars in the hole each year for the last 5 years.
Jobs offshoring diminished the US tax base. When a job is sent abroad, so is that job’s contribution to US GDP and tax base. When millions of jobs are sent abroad, US GDP and tax base cannot support government spending levels. To the extent that there are any replacement jobs, they are in lowly paid domestic services, such as waitresses, bartenders, retail clerks, and hospital orderlies. These jobs do not provide a tax base or consumer spending power comparable to manufacturing jobs and tradable professional services such as software engineering and information technology.
Republicans and increasingly Democrats, as both parties are dependent on the same sources of campaign contributions, blame “entitlements.” By entitlements they mean welfare.
In fact, entitlements consist of Social Security and Medicare. Entitlements are funded by the payroll tax, approximately 15% of payroll. The fact that a person pays the payroll tax all his working life is why the person is entitled to Social Security and Medicare if they live to retirement age. Welfare, such as food stamps and housing subsidies, are a small part of the federal budget and are not entitlements.
Ever since President Reagan was betrayed three decades ago by Alan Greenspan and David Stockman, both of whom sold out to Wall Street and raised the Social Security payroll tax above what was needed to pay Social Security benefits in order to protect Wall Street’s stock and bond portfolios from exaggerated deficit fears, Social Security payroll tax revenues have exceeded Social Security payments. As of today, Social Security revenues exceed payments to beneficiaries by an accumulated $2 trillion. The money was used by the federal government to pay for its wars and other spending programs. The Social Security Trust Fund holds non-marketable IOUs from the Treasury. These IOUs can only be made good from an excess of tax revenues over expenditures or by the Treasury selling $2 trillion in bonds, notes, and bills and paying off its IOUs to the Social Security Trust Fund. This is not going to happen.
The Federal Reserve could not care less about the US population. The Fed was established for the purpose of protecting and aiding banks. Currently, the Fed, as if America were a Banana Republic which America appears to be becoming, is printing one thousand billion dollars per year in order to support the banks and to finance the federal deficit.
This is bad news for Americans, as it means that their fiat money is being created at a far greater rate than the demand for the dollar. The implication for our future is a drop in the dollar’s value. As there are no jobs, a drop in the dollar’s value means high inflation on top of unemployment and double the misery of the Great Depression.
As bad as this is, it is minor compared to the destruction of the planet’s environment. Online information shows that the Gulf of Mexico ecosystem is in crisis after the BP spill and use of Corexit, a dispersant used to hide, not clean up, the spilled oil. http://www.opednews.com/articles/Gulf-ecosystem-in-crisis-a-by-Dahr-Jamail-Corporation-BP_Ecosystems_Gulf-Oil-Spill-Disaster_Gulf-Shrimping-Industry-131020-15.html
The Fukushima catastrophe has hardly begun. Yet already the radioactive water pouring into the Pacific Ocean has made fish dangerous to eat unless a person is willing to accept a higher risk of cancer.
Fukushima has the potential of making Japan uninhabitable and of polluting the air, water, and soil of the US with radioactivity. Yet the crisis is seldom mentioned in the US media. In Japan the government just passed a law that could be used to imprison Japanese journalists who report truthfully on the dire situation.
Take the time to familiarize yourself with the online information about Fukushima.. According to the presstitute media, Americans face threats from Iran and Syria and from whistleblowers such as Edward Snowden. The real threats are simply not in the news.
If you search Fukushima, you will find information that the presstitute media hides from you. See for example, http://www.globalresearch.ca/28-signs-that-the-west-coast-is-being-absolutely-fried-with-nuclear-radiation-from-fukushima/5355280
There are a number of other threats to the environment on which our lives depend. One is the effort to extract more productivity from the soil by use of GMOs. Monsanto has altered the genes of several crops so that the crops can be sprayed with RoundUp to eliminate weeds. The results have been to deplete the soil of nutrients, to destroy the micro-biology of the soil so that new plant diseases and funguses are activated, and to produce superweeds that require heavier doses of the glyphosate in RoundUp. The heavier dose of RoundUp worsens the aforementioned problems. US agricultural soil is losing its potency.
Now we come to chemtrails, branded another “conspiracy theory.” http://en.wikipedia.org/wiki/Chemtrail_conspiracy_theory However, the US government’s efforts to geo-engineer weather as a military weapon and as a preventative of global warming appear to be real. The DARPA and HAARP programs are well known and are discussed publicly by scientists. See, for example, http://news.sciencemag.org/2009/03/darpa-explore-geoengineering Search Chemtrails, and you will find much information that is kept from you. See, for example, http://www.globalresearch.ca/chemtrails-a-planetary-catastrophe-created-by-geo-engineering/5355299 and http://www.geoengineeringwatch.org
Some describe chemtrails as a plot by the New World Order, the Rothchilds, the Bilderbergers, or the Masons, to wipe out the “useless eaters.” Given the amount of evil that exists in the world, these conspiracy theories might not be as farfetched as they sound.
However, I do not know that. What does seem to be possibly true is that the scientific experiments to modify and control weather are having adverse real world consequences. The claim that aluminum is being sprayed into the atmosphere and when it comes to earth is destroying the ability of soil to be productive might not be imaginary. Those concerned about chemtrails say that weather control experiments have deprived the western United States of rainfall, while sending the rain to the east where there have been hurricane level deluges and floods.
In the West, sparse rainfall and lightning storms without rain are resulting in forests drying out and burning down. Deforestation adversely affects the environment in many ways, including the process of photosynthesis by which trees convert carbon dioxide into oxygen. The massive loss of forests means more carbon dioxide and less oxygen. Watershed and species habitat are lost, and spreading aridity further depletes ground and surface water. If these results are the consequences of weather modification experiments, the experiments should be stopped.
In North Georgia where I spend some summers, during 2013 it rained for 60 consecutive days, not all day, but every day, and some days the rainfall was 12 inches–hurricane level–and roads were washed out. I received last summer 4 automated telephone warnings from local counties not to drive and not to attempt to drive through accumulations of water on the highways.
One consequence of the excess of water in the East is that this year there are no acorns in North Georgia. Zilch, zero, nada. Nothing. There is no food for the deer, the turkeys, the bear, the rodents. Starving deer will strip bark from the trees. Bears will be unable to hibernate or will be able only to partially hibernate, forced to seek food from garbage. Black bears are already invading homes in search of food.
Unusual drought in the West and unusual flood in the East could be coincidental or they could be consequences of weather modification experiments.
The US, along with most of the world, already had a water problem prior to possible disruptions of rainfall by geo-engineering. In his book, Elixir, Brian Fagan tells the story of humankind’s mostly unsuccessful struggle with water. Both groundwater and surface water are vanishing. The water needs of large cities, such as Los Angeles and Phoenix, and the irrigation farming that depends on the Ogallala aquifer are unsustainable. Fagan reminds us that “the world’s supply of freshwater is finite,” just like the rest of nature’s resources. Avoiding cataclysm requires long-range thinking, but humanity is focused on immediate needs. Long-range thinking is limited to finding another water source to deplete. Cities and agriculture have turned eyes to the Great Lakes.
Los Angeles exists because the city was able to steal water from hundreds of miles away. The city drained Owens Lake, leaving a huge salt flat in its place, drained the Owens Valley aquifer, and diverted the Owens River to LA via aqueduct. Farming and ranching in the Owens Valley collapsed. Today LA takes water from the Colorado River, which originates in Wyoming and Colorado, and from Lake Perris 440 miles away.
Water depletion is not just an American problem. Fagan reports that “underground aquifers in many places are shrinking so rapidly that NASA satellites are detecting changes in the earth’s gravity.”
If the government is experimenting with weather engineering, scientists are playing God when they have no idea of the consequences. It is a tendency of scientists to become absorbed by the ability to experiment and to ignore unintended consequences.
Readers have asked me to write about Fukushima and chemtrails because they trust me to tell them the truth. The problem is that I am not qualified to write about these matters with anything approaching the same confidence that I bring to economic, war and police state matters.
The only advice I can give is that when you hear the presstitute media smear a concern or explanation as “conspiracy theory,” have a closer look. The divergence between what is happening and what you are told is so vast that it pays to be suspicious, cynical even, of what “your” government and “your” presstitute media tell you. The chances are high that it is a lie.
Reprinted with permission from www.paulcraigroberts.org
About Dr. Paul Craig Roberts
Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is now available.
Blount County Clerk and Dedicated Employees Save Taxpayers a Bundle
As we read from time to time about how friendly some in government may be to interests other than the taxpayers they are elected to represent it is a joy to find and share some positive news.
At tonight’s Commission meeting citizen Richard Hutchens gave County Clerk Roy Crawford his first Statesman Award for his recent effort to provide enhanced service to the citizens of Blount County without raising their taxes. Mr. Hutchens requested the Chairman’s indulgence to give Mr. Crawford a round of applause and Chairman Moon obliged. Mr. Crawford received a standing ovation by the citizens in the audience.
Good News – County Clerk and Dedicated Employees Save Taxpayers a Bundle
The County Clerk’s office is where you go to renew vehicle registrations, get titles to vehicles, get a marriage license, get a business license or submit a passport application. County Clerk Roy Crawford, and his fine employees, set high goals for customer service and efficiency. And, they deliver. When I ask people about the service they experience when visiting the County Clerk’s office, the comments are resoundingly positive. Yet, the Blount County Clerk’s office spends less money than the other similar Tennessee counties. The recent opening of the new, expanded County Clerk’s office in the Foothills Mall show the planning and hard work that go into maintaining these high standards.
Several months ago, Crawford was notified the lease for the small space he used for his Foothills Mall branch office was being terminated. Crawford faced a choice between moving the branch back to the Courthouse or leasing expensive new space. The first alternative was not attractive because it would force citizens to make a special trip to the Courthouse, where they would have to deal with very limited parking. The second alternative would cost the taxpayers thousands in additional rent.
Crawford and his employees got creative. They analyzed the data and found that the office attracted more than 40,000 people each year. They put together a presentation that asked merchants what they would have to spend on advertising to attract 40,000 people. They pointed out how much cheaper it would be for the merchant to donate space for the new office and get those 40,000 visits. Several merchants quickly expressed interest. In the end, the good people who manage Foothills Mall, provided a new, larger space at no cost to the taxpayers. But this is not the end of the story.
The space needed to be fitted out for the new office. The employees of the County Clerk’s office volunteered their time and their spouses’ time to construct the fine new office you see at the Mall. This saved you, the citizens, thousands of your hard earned tax money. Next time you visit the County Clerk’s office at the Mall, be sure to tell the fine people there, that you appreciate their efforts.
Richard Hutchen’s Speech Presenting Statesmen Award to Roy Crawford
For over three years, I have been coming to these Commissioner meetings in the hopes that I could appeal to your higher natures to encourage and inspire you to want to become more than just another self-serving, small-minded, big ego, politician; but instead rise to the level of Statesman and Stateswomen.
Being a politician is easy. However, earning the Title of a true Statesman is hard. An occasional act of Statesmanship here and there does not make a politician a Statesman. It takes years of consistent, dedicated Public Service to earn the Title of Statesman.
One of the distinguishing qualities of a True Statesman is whether he regards and treats the Taxpayers’ hard-earned dollars, as the Sacred Trust that it is. If tax revenues go down, he doesn’t run to politicians asking them to raise taxes; instead he first looks for ways to improve efficiency and effectiveness within his stewardship.
Fortunately, we do have in our County a Public Servant who truly is a Public Servant. This particular individual has consistently run his office and guarded the tax payer’s money as if he was spending his own money.
I have never heard a single taxpayer complain about the way the Blount County Clerk’s office budget is run, but instead is one department whose budget is a shining example of what good government could be, should be, and is meant to be.
Several months ago, when Mr. Crawford was notified that the lease for the Foothills Mall branch office was being terminated. Mr. Crawford faced with a choice of either closing the branch office or pay thousands more tax dollars for an expensive new retail space.
Mr. Crawford and his employees got creative and successfully persuaded Mall management to drive 40,000 customers a year into the mall by donating a new empty retail space to the county at no cost to the taxpayers. In addition, the employees of the County Clerk’s office even volunteered their time to help construct the new office saving Blount County taxpayers thousands of their hard earned tax dollars.
It is with great pleasure that I wish to, at this time, publicly recognize Blount County Clerk Roy Crawford as having officially earned the prestigious title of Statesman.
This certificate reads as follows ….
With the Chairman’s indulgence, I would respectfully ask permission to be able to enter the Board’s area, to personally award Mr. Crawford with this highly covenanted Award, shake his hand, and ask the audience to join with me in giving Mr. Crawford a standing ovation.
*The two italicized paragraphs were omitted for time.
A simplified explanation of the US monetary system
A good review and explanation of the monetary system, by way of video, that should be easy to understand and be shared. I first saw this posted by Nick on againstcronycapitalism.org and finally had a chance to watch the video. Why all the “End the Fed” rallies?, this may explain. The video below was published by whygoldandsilver.
The best, simplest, explanation of the US monetary system (debt, currency, money, taxes, what’s really going on) that I’ve ever seen. An important video.
Many people are mystified by the kids at the Ron Paul rallies screaming “End the Fed!”
They ask themselves, “Why should we end the Federal Reserve? The Fed helps maintain economic stability right? Every country has to have a central bank. These “End the Fed” kids are nothing but “Paulbots.” The people on CNBC and Bloomberg tell me that the Fed acts in my best interest. I think the people on Bloomberg and CNBC ought to know what’s right for me and my money. Harry Reid is right. Those hard money people and kids at the Ron Paul speeches are nothing but a bunch of anarchists!”
But the main reason many people feel this way is because they fundamentally don’t understand what the “End the Fed” people are really saying and why they are saying it.
Monetary policy, QE, bond buying, bond issuance, taxes, the Treasury, fractional reserve banking, interest rates, the money supply, all seem maddeningly opaque. Most people just give up. If they try to understand what’s going on at all. And this is understandable. Monetary policy is a challenging subject. But it is not cosmological physics.
If only someone were to explain things in an understandable, straightforward way.
Well you’re in luck.
The below video does an excellent job of explaining the bulk of American monetary policy in simple terms. The graphics and language used are clear and easily understood. Jargon is kept to a minimum.
Invest 1/2 hour in the video. You will see how and why the Federal Reserve is at the very heart of our current crony capitalist economy. It will be well worth your time.
Essential government US Postal worker or just a waste of tax dollars?
I think we have all heard about people working for the government because they could not get a job in the real world. This US Postal worker would be a classic example.
In all fairness, what is perceived as lazy, slow and having no respect for personal property or pride in their work may simply be a case of an individual highly allergic to beautiful weather. Personally, I wouldn’t have this person deliver my pizza or my USPS mail. Do you think a future job with FedEx or UPS is likely, probably not.
What are your thoughts?