Paul Ryan and the Triumph of Math

By Clarice Feldman | August 12, 2012 | American Thinker

Luftmensh is a delightful Yiddish word to describe an impractical person who concerns himself with airy intellectual matters and not how to make a living or get things to actually work. I had just decided to make this column on Paul  Ryan’s nomination  about how facts, in this case mathematics, will beat the fantastical  notions of the luftmensh in the White House. Remember, Obama  began his term as the spinner of naïve  hopes and dreams  and as those proved unworkable, became the purveyor of  fear, anxiety and outright lies. Once again, however, the great Iowahawk beat me to it with this twitter:

“Paul Ryan represent[s] Obama’s most horrifying nightmare: math.”

Let me remind you how nightmarish Ryan is to Obama. Here’s a six-minute take down of Obamacare by Congressman Ryan.

Watch the vacant look in Obama’s eyes as it becomes clear he has no idea how to respond to the facts Ryan raises, to the math which demonstrates the utter unsustainability of Obama’s legislative scheme.

And then observe how that look in Obama’s eyes turns to rage. [Read more…]

The Next Election: High Stake Outcomes Based on Non-issues

By Paul Craig Roberts | August 11, 2012 | Institute for Political Economy

The election of the next puppet president of the “world’s only superpower” is about two and one-half months off, and what are the campaign issues? There aren’t any worthy of the name.

Romney won’t release his tax returns, despite the fact that release is a customary and expected act. Either the non-release is a strategy to suck in Democrats to make the election issue allegations that Romney is another mega-rich guy who doesn’t pay taxes, only to have the issue collapse with a late release that shows enormous taxes paid, or Romney’s tax returns, as a candidate who advocates lower taxes for the rich, don’t bear scrutiny.

What are Romney’s issues? The candidate says that his first act will be to repeal Obamacare, a program that Romney himself first enacted as governor of Massachusetts. This will cost Romney political contributions from the insurance industry, which is thankful for the 50 million new private insurance policies that Obamacare, written not by Obama but by the private insurance companies, provides at public expense. It is not to the insurance industry’s benefit to have a single payer system like other western countries.

Romney’s other issue is to blame Obama for America’s unemployment caused by the offshoring of the US economy by Republican corporate CEOs. In order to enhance their compensation packages, the Republican CEOs sent millions of America’s best jobs to India, China and elsewhere. The lower cost of labor in these offshore sites means much higher earnings, which drives up share prices for shareholders and drives up performance bonuses for management, while wrecking US employment, GDP growth and tax base and driving up the deficit in the balance of payments.

[Read more…]

Barone: Romney-Ryan ticket puts entitlement crisis at center of campaign

By Michael Barone | August 12, 2012 | The Washington Examiner

Photo - Republican Presidential candidate Mitt Romney, left, points to a supporter in the crowd as his running mate, Rep. Paul Ryan, R-Wis. looks on during a rally at Randolph-Macon College in Ashland, Va., Saturday, Aug. 11, 2012.  (AP Photo/The Richmond Times-Dispatch, Joe Mahoney)

Republican Presidential candidate Mitt Romney, left, points to a supporter in the crowd as his running mate, Rep. Paul Ryan, R-Wis. looks on during a rally at Randolph-Macon College in Ashland, Va., Saturday, Aug. 11, 2012. (AP Photo/The Richmond Times-Dispatch, Joe Mahoney)

In front of the U.S.S. Wisconsin in Norfolk harbor, a coatless Mitt Romney named a tieless Paul Ryan as his vice presidential nominee.

Romney’s choice was not much of a surprise after he told NBC’s Chuck Todd on Thursday that he wanted someone with “a vision for the country, that adds something to the political discourse about the direction of the country. I mean I happen to believe that this is a defining election for America, that we’re going to be voting for what kind of America we’re going to have.”

This arguably describes some of the others mentioned as possible nominees, but it clearly fits Paul Ryan.

[Read more…]

Ryan’s Hope

By James Pethokoukis | May 2012 | Commentary Magazine

It’s probably safe to assume that no elected official in America understands the ins and outs of the labyrinthine U.S. budget the way Paul Ryan does. The 42-year-old Wisconsin Republican and chairman of the House Budget Committee has dreams of completing the small-government Reagan Revolution so that America might avoid repeating the “managed decline” of Old Europe. Ryan knows the numbers and projections and models backward and forward. He knows the strengths and weaknesses of his own arguments about reforming the Entitlement State and of those espoused by his opponents across the aisle and inside the Obama White House. He knows how the legislative process can breathe life into ambitious budget plans or, far more often, suffocate them in the cradle.

Ryan knows it all to a fine granularity. And that is not all he knows. As a veteran of the conservative movement who started out writing speeches for Jack Kemp and William J. Bennett at their joint think tank, Empower America, Ryan knows how three decades of off-and-on conservative governance in Washington have given credence to the notion that, in domestic affairs, Republicans understand how to cut taxes—and not much else. This has certainly been the case when it comes to fixing America’s social-insurance entitlements. Creating a financially sustainable safety net that does not sap America’s economic dynamism has been a political and policy puzzle, and repeated attempts to solve it have ended in economic or political disaster, or both.

Consider this: In 1983, President Ronald Reagan and House Speaker Tip O’Neill struck a deal to save Social Security through a combination of benefit cuts and tax increases. The agreement continues to be highlighted by Democrats as a model for bipartisan reform. Yet not only was Social Security not saved—the program almost immediately veered back into long-term insolvency—but several decades of surpluses in the Social Security “lockbox” were used cynically to make federal budget deficits look smaller than they were. For instance, if you don’t count “borrowings” from the Social Security trust fund, the four-year, $559 billion surplus in the late 1990s was really a two-year, $88 billion surplus.

[Read more…]

Paul Ryan Takes Apart Obamacare in 6 Minutes [Video]

Path to Prosperity (Episode 3): 3 Steps to Pro-Growth Tax Reform — Visualized [Video]

The Path to Prosperity (Episode 2): Saving Medicare, Visualized [Video]

The Path to Prosperity (Episode 1): America’s two futures, visualized [Video]

Obama signs bill exempting presidential appointees from Senate confirmation

By  | August 10, 2012 | The Daily Caller

President Barack Obama speaks at a UPS facility, Thursday, Jan. 26, 2012, in Las Vegas. (AP Photo/Julie Jacobson)

President Barack Obama signed a bill Friday evening that would exempt some senior-level presidential appointees from Senate confirmation.

Sponsored by Democratic Sen. Chuck Schumer and cosponsored by Republicans and Democrats, the bill, now law, weakens the power of the legislature and strengthens the executive branch, critics have warned. The bill skated through the Senate three months after being introduced in 2011 and was passed by the Republican-controlled House 216-116 in July.

The law now allows Obama and future presidents to name appointees to senior positions in every branch of the administration, from the Department of the Treasury to the Department of Homeland Security.

Conservative critics worried that the bill restricts congressional authority to monitor executive branch decisions, but the measure received bipartisan support because of the gridlocked, slow-moving Senate, which is known for being the more deliberative of the two bodies of Congress.

[Read more…]

Janet Napolitano’s Little Love Nest at DHS

The Thomas More Law Center, a national public interest law firm based in Ann Arbor, Michigan, has announced that it has filed a federal lawsuit against Homeland Security Secretary Janet Napolitano.

Political Legitimacy and the Special Interest State

By James V. DeLong | August 11, 2012 | American Thinker

The current state of American politics is even worse than most people want to admit.

Commentary from both ends of the political spectrum assumes that we are in a debate over the scope and function of government. Should we have a welfare state in which the vicissitudes of life are smoothed out in favor of more egalitarian ethic?  Does an economy which rewards the most creative and energetic 20% actually result in a bigger pie for all?  Who is right about economic policy, Keynes or Hayek?

These questions are important.  But they have little to do with the real crisis, which concerns the fundamental legitimacy of the political system.

Over the past 80 years, we have created not a welfare state, but a Special Interest State.  In this model, various interests are allowed to capture pieces of the government — executive departments, congressional committees or appropriators, chunks of the tax code, regulatory agencies — and then wield their power for the advantage of the particular interest.

Thus, the radical environmentalists have seized the EPA and related agencies, where they get to block economic activity and energy extraction for the greater glory of Gaia.  The unions have taken over labor and the NLRB. The tax code is so riddled with special favors that fully half of the tax that would be collected under neutral principles is forgiven.  The Treasury and the Fed are the pillars of the financial establishment.

[Read more…]

Huma Abedin Inadequately Vetted: Open Source Investigation Uncovered Alarming Connections

Muslim Brotherhood Worldview of the Abedin Family Pseudo-Academic Journal

By Andrew Bostom | August 4, 2012 | AndrewBostom.Org

Also posted at Pajamas Media

***

Reflecting an apparent systemic failure, steadily burgeoning evidence (herehereherehere) indicates that one of Secretary of State Hillary Clinton’s closest aides, Huma Abedin, despite Ms. Clinton’s protestation, was inadequately vetted for either family, or personal ties to the Muslim Brotherhood. Diligentopensource investigation has already uncovered and documented numerous alarming connections. One can reasonably infer that a serious, formal Congressional investigation of the overall extent of Muslim Brotherhood influence operations—as requested by Representatives Bachmann, Gohmert, Franks, Westmoreland, and Rooney—might yield even more disturbing findings.

[Read more…]

Federal Court Upholds the Herding of Demonstrators Into “Free Speech Zones”

By Mac Slavo | August 8, 2012 | SHTFplan.com

There was once a group of men who established a fundamental law of the land that allowed the people of their new found country to peaceably assemble and petition their government for a redress of grievances. These founding fathers of that Great nation even went so far as to declare that the government itself could never make a law that would threaten to supplant these protections, which were reserved exclusively for the people. This concept of freedom of assembly and protest was so critical to protecting and preserving the liberty of the people that it was the very first law – the very first Amendment – proposed by the newly elected representatives of These United States of America and came into effect on December 15, 1791.

It’s frightening what just a couple of hundred years of politicking, self serving greed and expediency can do to a nation. Apparently, somewhere along the way, politicians and judges who hold their personal views in higher regard than those laws upon which this nation was founded, have taken it upon themselves to decide what’s best for the American people and that, perhaps, we have a little too much liberty: [Read more…]

As Congress Acts, Obama Silent on EU Carbon Tax Scheme

By Capitol Confidential | August 5, 2012 | Breitbart News

The European Union is ambitious, at least when it comes to taxing. In a new tax on carbon emissions set to take effect on January 1, the EU will tax U.S. airlines for carbon emissions while flying over the United States, so long as that flight departs from or lands in Europe. That is a wide power grab from nations who unambiguously have “complete and exclusive sovereignty over airspace above its territory,” according to international law.

After defeat of Senate cybersecurity bill, Obama weighs executive-order option

By Brendan Sasso | August 4, 2012 | The Hill

Senate Republicans recently blocked cybersecurity legislation, but the issue might not be dead after all.

The White House hasn’t ruled out issuing an executive order to strengthen the nation’s defenses against cyber attacks if Congress refuses to act.

“In the wake of Congressional inaction and Republican stall tactics, unfortunately, we will continue to be hamstrung by outdated and inadequate statutory authorities that the legislation would have fixed,” White House Press Secretary Jay Carney said in an emailed response to whether the president is considering a cybersecurity order.

“Moving forward, the President is determined to do absolutely everything we can to better protect our nation against today’s cyber threats and we will do that,” Carney said.The White House has emphasized that better protecting vital computer systems is a top priority.

The administration proposed its own legislation package in 2011, sent officials to testify at 17 congressional hearings and presented more than 100 briefings on the issue. In a recent Wall Street Journal op-ed, President Obama warned that a successful cyber attack on a bank, water system, electrical grid or hospital could have devastating consequences.

The president urged Congress to pass the Cybersecurity Act, which was offered by Sens. Joe Lieberman (I-Conn.) and Susan Collins (R-Maine). The bill would have encouraged private companies and the government to share information about cyber threats and would have required critical infrastructure operators to meet minimum cybersecurity standards.

[Read more…]

Crony Nation

By  | July – August 2012 | American Spectator

So how does the U.S. fare on measures of the rule of law?

THIS IS THE CENTURY OF THE RULE OF LAW. In the 20th century, that wasn’t thought so important, and Milton Friedman argued that to succeed, all a country need do was shrink the state by privatization:

Just after the Berlin Wall fell and the Soviet Union collapsed, I used to be asked a lot: “What do these ex-Communist states have to do in order to become market economies?” And I used to say: “You can describe that in three words: privatize, privatize, privatize.” But I was wrong. That wasn’t enough. The example of Russia shows that.… Privatization is meaningless if you don’t have the rule of law.

Friedman’s prescription for growth was an important component of what came to be called the Washington Consensus, a set of classically liberal policies that dominated the literature about economic development after the fall of Communism. Apart from privatization, other elements included deregulation, free trade, and low taxes. Property rights came in last on the list. As Friedman and others came to realize, however, this ignored the crucial role of social and legal institutions in promoting growth.

The recognition that institutions matter came to be called neo-institutional economics. Neoinstitutional scholars argued that changes in growth patterns could not be explained without recourse to cultural differences. For example, Ghana and South Korea had very similar economies and per capita GDP in the 1960s. Thirty years later, the South Korean per capita GDP was 15 times that of Ghana.

[Read more…]

Tea Party Is the New Reality

By  | July – August 2012 | American Spectator

Politicians who fail to recognize it are certain to become relics of the past.

THE 2012 REPUBLICAN PRIMARIES are showing early signs of another banner year for the Tea Party. The candidacies of Republican insurgents such as Richard Mourdock, Josh Mandel, Deb Fischer, Ted Cruz, and Mark Neumann follow the spirit of Senators Marco Rubio, Mike Lee, Pat Toomey, and Rand Paul—who each defeated establishment forces in their 2010 senatorial races. Meanwhile, Wisconsin Governor Scott Walker, who enacted ambitious reforms of public-sector unions in his state, trounced his recall opponent by a seven-point margin.

In just a few short years, the Tea Party has evolved from small, disparate groups scattered all around the country into a full-fledged movement with considerable influence. Tea Party candidates are no passing fad; they are trailblazers of a new, lasting political reality.

For too long, politicians got away with proclaiming the value of fiscal responsibility on the campaign trail without ever acting on it once they were in Washington. But thanks to the Internet, that’s no longer an option. Activists around the country have ready access to politicians’ voting records, speeches, and statements with just a few clicks of a mouse. It’s nearly impossible to mislead voters these days. That’s why it’s no longer acceptable for candidates to simply mouth conservative rhetoric. Their records must back it up. For that reason, many longtime incumbents, whose walk didn’t match their talk, had to go. They couldn’t pass muster in an age of transparency.

[Read more…]

Paul Ryan: Entrepreneurial Capitalism vs Crony Capitalism [Video]

Paul Ryan: “The United States tax code is a mess. We’ve got to get out of the game of Washington picking winners and losers through the tax code. These special interest loopholes end up rewarding a few while raising taxes on everyone else. We want to remove these barriers of upward mobility and opportunity to have a true entrepreneurial form of capitalism, not crony capitalism.”

Hat Tip: The Blaze

Nullification: Answering the Objections

By Tom Woods | August 2, 2012 | Liberty Classroom

In January 2011 my book Nullification became notorious when it was linked to a bill that declared Barack Obama’s health care law unconstitutional and therefore void and of no effect in the state of Idaho.  (Other states have been introducing similar bills, but Idaho grabbed the media’s attention.)  Legislators had read it, the news media reported, and while Governor Butch Otter turned down a state senator’s offer of a copy, that was only because he already had one.  He had read it, too.

Naturally, the smear patrol went into overdrive.  Why, this is crazy talk from a bunch of “neo-Confederates” who hate America!  Anyone who has observed American political life for the past 20 years could have predicted the hysterical replies down to the last syllable.

“Nullification” dates back to 1798, when James Madison and Thomas Jefferson drafted the Virginia and Kentucky Resolutions, respectively.  There we read that the states, which created the federal government in the first place, by the very logic of what they had done must possess some kind of defense mechanism should their creation break free of the restraints they had imposed on it.  Jefferson himself introduced the word “nullification” into the American political lexicon, by which he meant the indispensable power of a state to refuse to allow an unconstitutional federal law to be enforced within its borders.

Today, political decentralization is gathering steam in all parts of the country, for all sorts of reasons. I fail to see the usefulness of the term “neo-Confederate” – whatever this Orwellian neologism is supposed to mean – in describing a movement that includes California’s proposal to decriminalize marijuana, two dozen states’ refusal to abide by the REAL ID Act, and a growing laundry list of resistance movements to federal government intrusion. As states north and south, east and west, blue and red, large and small discuss the prospects for political decentralization, the Enforcers of Approved Opinion have leaped into action.  Not to explain where we’re wrong, of course – we deviants are entitled at most to a few throwaway arguments that wouldn’t satisfy a third grader – but to smear and denounce anyone who strays from Allowable Opinion, which lies along that glorious continuum from Joe Biden to Mitt Romney.

[Read more…]

Krugman, ThinkProgress. As Dangerous as it Gets

By  | August 1, 2012 | Tenth Amendment Center

Get the New Documentary Today!

Today, Paul Krugman decided to give us his wisdom on the subject of nullification – by saying almost nothing at all. In a short blog post, linking to a “report” by ThinkProgress, he notes – laughingly – that a Senate Candidate in Texas supports the idea of states nullifying acts on Congress. He doesn’t say a thing about nullification, but he’s obviously brushing it off as idiotic. As Tom Woods wrote on his blog today, “Paul Krugman thinks the idea of state nullification of unconstitutional laws is so self-evidently stupid that he doesn’t even need to offer an argument against it.”

Digging a little deeper – just a little, mind you – you’ll see that the ThinkProgress article he linked to was referring to Ted Cruz, who had a proposal where two or more states could work together to refuse compliance with the Affordable Care Act. Not outright nullification, but we certainly know that non-compliance in large numbers can in fact nullify a federal law.

[Read more…]

Why should the states give up freedom and local control in return for money that Washington took from them in the first place?

No Thanks, We’ll Do It Our Way

By Jim Yardley | August 2, 2012 | American Thinker

The Founding Fathers are usually credited with designing the nation as a republic when they drafted the Constitution.  Some insist that the nation be described as a democratic republic.

But it might be even more accurate to say that they created a federal democratic republic.  By creating a federal system, the founders also created a mechanism that has prevented a second American Revolution for nearly 240 years.

Each of the “several states” is independent; they can create their own laws, set their own taxes, and generally ignore the laws of the other 49 states, so long as those laws recognize the supremacy of the U.S. Constitution.  There are exceptions to this, of course, where the states have cooperated in drafting uniform laws to facilitate interstate commerce, such as the Uniform Commercial Code.  Generally however, each state goes its own way.  While all states have laws against murder, for example, each state defines what behavior constitutes premeditated murder versus manslaughter, and those definitions may vary from state to state.

But the bonus that the founders provided by making the nation a federal system is the availability of escape from intolerable abuses of governmental authority.  The federal system allows people to vote with their feet.  The latest census shows this “pressure release valve” working as the populations of California and New York decline while the populations of Indiana and Texas rise.

[Read more…]

Inhofe: Obama Administration ‘Doesn’t Want All These Pink Slips Going Out 5 Days Before Election’

By Susan Jones | July 31, 2012 | CNS News

inhofe

Sen. James Inhofe (R-Okla.)

(CNSNews.com) – President Obama is trying to prevent thousands of layoff notices from going out a few days before the November election, Sen. Jame Inhofe (R-Okla.) said on Tuesday.

Obama’s Labor Department on Monday issued “guidance” to the states, telling them that a federal law requiring advance notice of mass layoffs does not apply to the layoffs that may occur in January as a result of automatic budget cuts known as “sequestration.”

Inhofe, appearing on Fox & Friends Tuesday morning, said President Obama, through his Labor Department, “is trying to intimidate businesses, companies, corporations — not just defense contractors — into not issuing the pink slips,” which are required by federal law 60 days before mass layoffs or plant closings.

“(T)he president doesn’t really want all these pink slips going out five days before the election,” Inhofe said.

He noted that if the automatic budget cuts kick in on Jan. 2 — as they will if Congress can’t reach a deficit-reduction agreement — layoff notices would have to go out no later than Nov. 2. The general election is on Nov. 6.

[Read more…]

If Re-elected, Obama Plans to Transform U.S. Military Into Social Workers [Video]

Obama to Transform U.S. Military Into Social Workers

By Staff Report | July 30, 2012 | WND

New focus on ‘global warming,’ poverty, ‘injustice,’ bolstering U.N.

120730militaryProgressive organizations behind White House policy have crafted specific, second-term plans for President Obama to transform the U.S. Armed Forces into a social work-style organization designed to combat “global warming,” fight global poverty, remedy “injustice,” bolster the United Nations and increase “peacekeeping” forces worldwide.

The groups, already instrumental in influencing Obama’s first-term defense agenda, call for massive, second-term slashes to the military budget. The savings are to be used to invest in “sustainable energy” and in fighting worldwide climate change.

The schemes, and many more, are documented in the soon-to-be-released book “Fool Me Twice: Obama’s Shocking Plans for the Next Four Years Exposed.”

The book, by New York Times bestselling authors Aaron Klein and Brenda J. Elliott, uncovers the template for Obama’s next four years – the actual, extensive plans created by Obama’s own top advisers and progressive strategists.

Who needs a standing army?

[Read more…]

Wrong: Media Claiming Scalia Said SCOTUS to Limit Second Amendment

By Ken Klukowski | July 30, 2012 | Breitbart News

Some in the media—including conservative media—are claiming that conservative Justice Antonin Scalia is saying the Supreme Court can limit the Second Amendment right to keep and bear arms.

That’s not exactly what he said.

[Read more…]

Scalia Suggests SCOTUS Could Limit Second Amendment

By Tony Lee | July 29, 2012 | Breitbart News

On an appearance on FOX News Sunday, conservative Supreme Court Justice Antonin Scalia said that “there are some limitations that can be imposed” on the Second Amendment and predicted “future” cases would come before the Supreme Court concerning gun control in which gun restrictions would have to be weighed “very carefully.”

Celebrating Government Dependency

By Patrice Lewis | July 27, 2012 | WND

Exclusive: Patrice Lewis uses ‘Star Trek’ episode to counter ‘the medusa of free goodies’

Over the last few weeks I’ve bookmarked a number of alarming articles on how the government is actively recruiting people to sign up for food stamps (read the articles here, here and here.). This attempt to sign more people up for government assistance is not just targeting those who are truly in desperate need; it’s crossing the boundaries into the middle class and deliberately blurring the “stigma” of accepting government assistance.

“Millions of low-income people are not accessing the nutrition benefits for which they qualify,” notes a USDA flyer addressing “myths” about government assistance. “To be effective, it is important that our national and local outreach efforts counter myths about SNAP among those who think they are not eligible or have beliefs that discourage them from enrolling.” [Emphasis added.]

Yes, the USDA is directing their efforts toward people whose beliefsinclude pride, resourcefulness, independence, self-sufficiency, responsibility and maturity. These qualities used to mean that people would only sink to government assistance if they were on the brink of starvation. And it used to be that people would far rather seek assistance from their family or their local church or charity before going to the feds.

Remember when it was a shameful thing to accept government aid? Because of that stigma of shame, people worked hard and harder to provide for their families, even if it meant eating beans and rice (a highly nutritious and inexpensive combination, by the way). It was only when they were in the direst of situations that, heads ducked in humiliation, they applied for food stamps. That shame made them do whatever it took to get OFF government assistance as quickly as possible.

[Read more…]

“John Roberts says impeach Obama now”

Cowardly Republicans: Impeach Obama Now

By Tom Tancredo | July 27, 2012 | WND

Exclusive: Tom Tancredo uses ‘John Roberts principle’ to argue for immediate action

“John Roberts says impeach Obama now”

Oh, you missed that headline? Let me refresh your memory by summarizing the principle behind the Roberts decision on Obamacare. If we apply the Roberts principle to the impeachment question, then impeachment is not only a good idea, it is a constitutional imperative.

The argument heard most often against impeaching and removing President Obama is the following. Well, yes, we all know Obama deserves to be impeached and removed, but we have elections for that – and, moreover, the election is less than four months away.

But our Supreme Court chief justice disagrees with that line of thought.

Roberts believes, as we all must, that constitutional imperatives are different and quite separate from political imperatives. In Roberts’ opinion, the political imperative for overturning Obamacare was irrelevant to the constitutional question of whether or not Congress had the authority to enact Obamacare. He concluded that Congress does have that constitutional authority –and that constitutional principles trump political imperatives.

What does that have to do with impeachment? It’s very simple.

[Read more…]

More Evidence Obama Literally Not Doing the Job of President

By Michael Patrick Leahy | July 28, 2012 | Breitbart News

The job of President of the United States is one that every occupant until Barack Obama has taken seriously. Every President prior to Barack Obama understood that the job entailed things like holding press conferences, meeting with members of Congress to compromise on budget issues, and learning the latest news about economic and international developments from the nation’s best experts.

White House Leaks: What Does Axelrod Know, and How Does he Know it?

By Patrick Caddell | July 27, 2012 | Breitbart News

So is David Axelrod now in charge of the investigation into the MayJune leaks that have jeopardized our troops and undermined our national security in what is arguably the single greatest breach of sensitive national security information in the modern era? Or has Axelrod, the top adviser at Obama’s re-election campaign, merely been briefed on the status of that investigation–ahead of the proper authorities, and ahead of the general public?

Auditing the Fed Is a Sideshow: Who Audits the Auditors?

By Anthony Wile | July 28, 2012 | The Daily Bell

On Wednesday, Ron Paul’s bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives. The vote was 327 to 98. You would think that a bill with such overwhelming support would easily become law. But it won’t, because Barack Obama and the Democrats plan to kill it. Senate Majority Leader Harry Reid has already said that the Senate will not even consider the bill. But of course if Barack Obama called Harry Reid and told him that he wants this bill to get through the Senate so that he could sign it then Harry Reid would be singing a much different tune. Sadly, we all know that is not going to happen. Barack Obama’s good buddy Ben Bernanke called the Audit the Fed bill a “nightmare scenario” last week, and Obama is certainly not going to do anything to upset Bernanke – especially this close to the election. – Daily Caller

An audit of the Federal Reserve would be nice but really it wouldn’t change anything. In fact, it would likely prove a kind of sideshow from reality, which is that monopoly central banking should simply be abolished.

And that probably won’t happen until people get so sick and tired of being driven into bankruptcy and despair that they begin to kick the doors down and arrest the criminals cowering inside.

And they ARE real criminals. The system is responsible for debasing currency the world over and driving billions into poverty and even suicide. In the West it has blighted the hopes and dreams of millions who scratched and saved and then found their portfolios devalued by half or whole on a single day.

[Read more…]

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