COMEDY - HUMOR
Daily Double Standard
It's Not FAIR
JUST BLAME BUSH
NANNY STATE UNIVERSITY
Road To Rome
THE ENEMY WITHIN
The IRONY Board
The Waste Wing
Think About IT!
WAR on Women
“The truth is that all men having power ought to be mistrusted.” -- James Madison
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome become bankrupt. People must again learn to work instead of living on public assistance." -- Cicero, 55 BC
“Let me issue and control a nation’s money and I care not who writes the laws” -- Mayer Amschel Rothschild
“It’s better to die a Hero, than live the life of a Coward” -- Charles Woods (father of murdered Benghazi SEAL Tyrone Woods) in a message to President Obama
Economic growth in America used to mean GDP growth, private sector growth. But when Iman Obama talks about “growth,” he means more citizens suckling at the government teat.” – Rush Limbaugh
Ineptocracy: (in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of achieving, and where the members of society least likely to succeed or even to sustain themselves, are abundantly rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” -- John Adams (1826)
"Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people." -- Wendell Phillips
"In the age of information, ignorance is a choice"
"Nothing is more destructive to a democracy than ignorance and an uniformed citizenry"
Lower Taxes, Less Government, More Freedom
"Keeping The Embers Amber"
First Theorem of Government: Above all else, the public sector is a racket for the enrichment of insiders, cronies, bureaucrats, and interest groups.
"Ignorance is the single greatest tool of oppression"
"Few men have virtue to withstand the highest bidder" -- George Washington
"Thinking was OUTLAWED in the 1980's. The first time you think is the last time you are a Democrat.” -- Evan Sayet
"The Second Amendment has never been about hunting or crime prevention; it’s about keeping our government in check." Patrice Lewis
"How fortunate for governments that the people they administer don't think"
"The US dollar is backed by little more than confidence. Confidence in people's lack of understanding of how America's monetary system functions."
Another Gun Running Operation
Abortion is ANTI-LIFE
"Most bad government has grown out of too much government" - Thomas Jefferson
"Influence peddling and corruption are bipartisan sins: those out of power allege them, those in power commit them."
It’s all about power & control, and is only made possible through an ignorant population. Don’t be a DENIER…. Come into the HERD
"Truth Does Not Fear Knowledge"
"Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity" -- Martin Luther King, Jr.
"Ask not that GOD be on our side, demand that we be on His side"
Map of the 114th Congress House of Representatives
"The problem is not that people are taxed too little, the problem is that government spends too much" -- Ronald Reagan
"Now don’t get me wrong. I am all in favor of lying, cheating, and stealing….. so long as it benefits me and not the other guy"
"Inflation rewards debt – and erodes savings. It is legalized counterfeiting, the deliberate creation of money with nothing to back it up."
"Corrupt government is host to many ironies, but three are paramount: SUCCESS is a liability, FAILURE is an asset, and as long as the INTENTIONS are pure in the public mind, better funding follows failure, not success."
"Government Integrity: An Oxymoron"
Life………. It’s GOD’s choice
"Truth has no agenda"
“The Trustworthy Encyclopedia"
"We cannot simply let the public statements of magical thinkers remain unchallenged, certainly not when these wish-fulfillment flights of fancy are offered by people who might be widely read. You a...MORE
"On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt. At that point, it had taken the country 74,984 days (more than 205 years) to accumulate ...MORE
"Bleak Future: A fresh report says the new federal debt ceiling of $16.4 trillion will likely be reached just after Election Day. Those driving it up will be relatively unaffected. They'll just deliver ...MORE
Just imagine an undisciplined out-of-control spender whose credit limit has just been extended. In other words, they can continue overspending without any accountability. That “they” is the ...MORE
"Soon, President Obama and Congress will agree to terms on raising the statutory debt limit, or the "debt ceiling." What will not be mentioned in the negotiations, however, is that the United St...MORE
The days of American economic hegemony are numbered. We are a nation living on borrowed time, thanks to borrowed money America’s debt limit was reached on May 17. Since then, Americans have been force...MORE
"The recent battle over a Federal government shutdown adds more evidence to the argument that public sector unions must be abolished. Cities are reeling under unsustainable pensions paid to government work...MORE
Europe's struggles prove that "austerity" fails! So say the Big Spenders. With a condescending sigh, they explain that Europe made deep cuts in government spending, and the result was today's high unemploy...MORE
"According to deficit forecasts in President Barack Obama's latest budget, the national debt will surpass $20 trillion by 2016. If this occurs (and it is almost certain to occur), then Obama will add...MORE
"Here in America we hear the same lies and distortions about the economy as we heard about the EU: “Everything is fine”… “It’s getting better”… “Unemployment...MORE
Our government-run public education system is very bad. So bad that generations of Americans educated in public schools don’t understand economics. They don’t understand how Obama’s policie...MORE
"Well, if you have a child going to college any time soon expect some major debt. Now we often hear that college loan debt is getting worse and that costs are skyrocketing, but now we have a new study provin...MORE
Even if we don't raise the debt ceiling, enough revenue will still come in to the Treasury to pay our interest, our bonds and essential services. The government will not shut down— only its ability to ...MORE
"I'm a pretty friendly guy," President Obama said after suggesting Republicans plan to contaminate food, crash planes and let terrorists build nuclear bombs. "Friendly"? Not the word that comes to mind...MORE
Sometimes, looking at the political discourse in this country, I wonder if we really understand the ratchet effect of increasing government programs and power over time: unlike in business, unlike in nature,...MORE
"As a senator and presidential candidate, Barack Obama said that he detested budget deficits. In 2006, when the aggregate national debt was almost $8 trillion less than today, he blasted George W. Bush's chr...MORE
Here’s two ways to think about the “fiscal cliff” deal that just took place in Washington. You are sitting at dinner and the television is on, broadcasting the news. There is one story aft...MORE
THE DEBT CEILING Democrats don't understand THE DEBT CEILING. Republicans don't understand THE DEBT CEILING. Liberals don't understand THE DEBT CEILING. NO ONE understands THE DEBT CEILING...MORE
"The federal government has closed out its fourth straight year of trillion-dollar-plus deficits, and the imperative to rein in spending has never been greater. Because all government spending gets paid for ...MORE
"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 ongo...MORE
"Sometimes societies find themselves in pernicious cycles in which the perceived medicine seems worse than the known disease. The Roman satirist Juvenal lamented the ill effects of free food and free enterta...MORE
Everywhere from FoxNews.com to CNBC.com, I suddenly see commentators warning of pending doom, economic collapse, and a new Great Depression. Welcome to my club. Perhaps America's politicians and economists s...MORE
Walter E. Williams applies 'tragedy of the commons' phenomenon to U.S. debt "Our nation is rapidly approaching a point from which there’s little chance to avoid a financial collapse. The heart of ou...MORE
"The amount of money our federal government borrows and spends is truly hard to comprehend. Just how many zero’s are in a trillion anyway? Twelve. I recently read that our federal government borrows ...MORE
This video puts our nation's debt problem in perspective. If we can not even agree to the severity of the problem, there will be no realistic chance to address and fix. What's the Plan?MORE
Still trying to wrap your head around the budget battle? Perhaps it would be helpful to pretend it is your own household budget. If you earn $50,000 a year but spend $87,000 you would have a prob...MORE
In spite of talking about freezing government spending, President Obama reminded everyone during the State of the Union just how out of touch he is about the defining issue of our time — the fiscal dys...MORE
(CNSNews.com) - When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national...MORE
Consumers are spending less. Small retailers are closing shop -- even cable television subscriptions are seeing a loss in revenue. Mike Shedlock of globaleconomicanalysis.blogspot.com cites&...MORE
Our economy is in crisis, and our government says that bold action is required. So we're diving in head first to get things back on track. But... what are we diving into exactly? Take a closer look at the go...MORE
"Throughout his presidency, U.S. President Barack Obama has skirted around the law numerous times to push his own agenda, and there is a fast growing number of constitutional scholars, professors and politicians in America who believe that the law is actually the problem. What's even worse, the majority of the American people are going along with it." The Trumpet Daily (8/21/13)
"Dr Tom G Palmer says the welfare state is unsustainable and must be reformed. Dr Palmer, from the Atlas Network and the Cato Institute, is speaking in Melbourne to the Institute of Public Affairs and the Australian Taxpayers' Alliance on Wednesday 10 April 2013." Institute of Public Affairs (4/15/13)
Are you a Grasshopper or an Ant?
"Essential viewing on money and the banking system. Money As Debt is a fast-paced and highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today's magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand.
For evidence of this in the UK please visit the Bank of England website, who also in a "brief history of banknotes", explain this.
As quoted from this history:
"Britain finally left the gold standard in 1931 and the note issue became entirely fiduciary, that is wholly backed by securities instead of gold.".
Question is, WHAT securities?" paagleTV (2/15/13)
"Dr. Laurence Kotlikoff says, "The government is printing mountains of money to pay its bills. The Fed is printing 29 cents of every dollar that Uncle Sam is spending." What happens if this continues? Dr. Kotlikoff, a Professor of Economics at Boston University, says, "Eventually somebody recognizes this and starts dumping the bonds, and interest rates go up, and inflation takes off, and were off to the races." In closing, Dr. Kotlikoff warns, "This is going to crash, but there are different ways for cancer to kill you. It can be very gradual . . . or it can attack some organ and you can die overnight. Either of those outcomes can happen." Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Professor Laurence Kotlikoff. http://usawatchdog.com/america-in-wor..." Greg Hunter (12/3/12)
"This highly informative and easy to understand film covers what money is, how is has been dealt with in the past and how our current Fractional reserve banking system works. It explains how these institutions get away with robbing the unsuspecting public by creating monetary policies designed to enslave society, while keeping the system in a perpetual state of rising debt." -- Patriot4Liberty1776 (2/1/09) part 1/5
"Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States." -- compelled2283 (10/28/07)
Money As Debt (part 2/5)
Money As Debt (part 3/5)
Money As Debt (part 4/5)
Money As Debt (part 5/5)
"Since Nixon's evaporation of the gold standard, the US currency has been backed by little more than confidence. Confidence in the people's lack of understanding of the monetary system that is. The Federal Reserve is not federal, it is privately owned. They can lend multiples of what exists in reserves, under fractional reserve banking. They control the amount of money in circulation, which comes in to existance through loans made to banks and governments. Since the money comes into existance through debt it has to be repaid, but with interest. Therefore the debt is larger than the money supply and inflation, along with defaults and bankruptcy, become permanent problems." -- infowarsnz (3/4/09)
"The Greatest Scam on Earth - The Money Scam! The Money Scam is hidden right out in the open, yet buried in complication and confusion. A retired banker describes simply, the world's Money Scam and the reason every country is now going bankrupt. Private bankers have stolen the money creation process, and whereas once our money was created by the governments, debt-free, it is now created out of thin air and issued as debt with interest charges. In today's banker controlled world, money = debt, debt = slavery and therefore money = slavery --- our monetary systems have become systems of enslavement. Money is created out of nothing, issued as debt, not enough money is created for the future interest payments and inflation steals our savings. The money creation process should be taken away from the banks and given to the governments who can create money debt-free, interest-free. This is how it used to be done and we needed no income taxes. Finally, it is explained what we should do to stop supporting the money scam." BoKnowsEntertainment (9/11/11)
"Money - whether its a tangible piece of paper or a number on a screen - is intrinsically worthless, yet it fuels the modern world. In America the ultimate control of money rests with the bankers of the Federal Reserve System. Because of this it is detrimental that we as citizens understand how this shadowy - private - organization works and how it's ultimate goal is to forever enslave us in a descending pit of debt that we will never crawl out of." Joshua Owens (2/21/13)
See More Videos Here: http://www.schoolhouseshock.com
ALARMING! Washington's Dilemma!. Soaring debt and a budget Congress can't balance. This VIDEO explains WHY. Every person in AMERICA should watch this video!
"Alarming! Washington's dilemma. Soaring debt and a budget congress can't balance! This video will explain WHY. Every person in AMERICA should watch this video!" -- hemason67 (3/14/12)
"Forbes' William Baldwin explains why California, Illinois and nine other States are fiscal danger spots posing high-risk for investors." forbes (11/25/12)
Do You Live In A Death Spiral State?
Obama: What debt crisis?
Clueless at 1600 Pennsylvania Avenue
Is the growing federal debt a looming attack similar to Pearl Harbor? Will Obamanomics lead to the empowerment of the rich and poor, at the expense of the middle class?
"The term Re-hypothecation came up a lot during the MF Global meltdown. It's quite a common term in the securities market -- but what does it mean? Marketplace Money senior producer Paddy Hirsch explains." APM Marketplace (1/4/12)
It is not dollars, treasuries, bonds and debt that is being sold by your government.
It is you!
Overdose: The Next Financial Crisis. Award-winning youtube hit giving fresh insight into the greatest economic crisis of our age: the one still awaiting us.
For downloads and more information visit: http://www.journeyman.tv/60895/docume...
Follow us on Facebook (http://goo.gl/YRw42) or Twitter (http://www.twitter.com/journeymanvod)
With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the one still awaiting us.
The financial storm that has rocked the world began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. When it all went wrong the government promised the biggest financial stimulus packages in history and gargantuan bailouts. But what crazed logic is that: propping up debt with more debt? "They're giving alcohol to a drunk: it just sets him up for a bigger hangover." Journeyman Pictures (7/2/12)
"The soultion is the problem"
"Why is it that so many individuals place their trust in people to solve the very problems which those people created in the first place?"
"After adding more than $6 trillion to the national debt, the president now says he won't work in a bipartisan way to address our spending problem and strengthen our economy." JohnBoehner (9/19/13)
This constitutional lession is long overdue. The "Power of the Purse" belongs to Congress!
"One of the more unique speeches delivered at this morning's National Prayer Breakfast came from Dr. Benjamin S. Carson, a world-renowned pediatric neurosurgeon at Johns Hopkins Hospital. Taking the stage before President Barack Obama's faith-filled address, Carson spoke for more than 25 minutes, tackling issues ranging from education to personal responsibility. His keynote, while predicated upon the theme of Jesus Christ as his ultimate role model, also took a starkly political tone, advocating against some of the very policies the president has implemented. At the beginning of his speech, Carson shared an intense disdain for political correctness. Without getting too specific on the issue front, he said that Americans should stop being afraid to speak up and defend their beliefs; he also encouraged people to respect the individuals they disagree with. Carson held little back, condemning political correctness as "a horrible thing" that is "dangerous," as it hampers freedom of thought and expression." FreshJuiceNews (2/7/13)
"In the 2013 State of the Union, President Obama claimed his policies won't increase our deficit "by a single dime." But we've heard those promises before, and since President Obama took office, our national debt has increased by 58.6 trillion dimes. Full research briefing at http://www.gop.com/news/research/asin..." rnc (2/12/13)
Brother, Can You Spare A Dime?
Boz Scaggs & Duane Allman ~ Loan Me A Dime
Obama is a hypocrite!
Senator Obama calls Bush "unpatriotic" for adding trillions to debt
Americans owe $1 trillion in student loan debt. How did that happen, and what's the impact on the nation's economy? Economics "correspondent Paul Solman reports as part of his Making Sen$e of financial news series." PBSNewsHour (5/30/12)
We may not be able to address our current debt ceiling woes, but we can at least put them to a good beat." ReasonTV (7/25/11)
Visit the links below for more Reason coverage on the debt, deficit and government spending:
Five Facts About the Debt
The Facts About the Debt Ceiling
Reason.com Topics: Government Spending
Larry Kudlow and guests discuss government spending, budgets, and the national debt.
Listen at the 5:20 mark: "The deficit we face right now isn't a product of spending."
If you have credit card debt it’s not because you spent money, it’s because you used your credit card.
If you are underwater on your mortgage, it’s not because the home is worth less than your mortgage, it’s because people are not willing to pay a higher “fairer” price.
"One of the penalties of not participating in politics is that you will be governed by your inferiors." -- Plato
"Essential viewing on money and the banking system. Money As Debt is a fast-paced and highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today's magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand." paagleTV (2/15/12)
A satirical short film taking a look at the national debt and how it applies to just one family. Watch the guy from the Ferris Bueller Superbowl Spot! Produced by Seth William Meier, DP/Edited by Craig Evans, 1st AC Brian Andrews, Sound Mixer Gus Salazar, Written and Directed by Brian Stepanek. Help us spread the word by clicking ads or at http://www.youtube.com/user/debtlimitusa." -- debtlimitusa (11/4/11)
A look into how much hard cash the US government owes and the fiscal mess the United States is in. The national debt explained.
http://www.ukipmeps.org - Download 'Debt Union' Banner from here: http://www.ukipmeps.org/uploads/image...
Trapped Inside an Economic Prison (Full version: 14:33) -- europarl
A collage of speeches by UKIP Leader Nigel Farage MEP in the European Parliament in Strasbourg and Brussels as Co-President of the Europe of Freedom and Democracy Group (EFD).
Excerpts relate to the euro currency crisis leading up to the bailouts of Greece (May 2010), Ireland (November 2010) and Portugal (April 2011).
01 (from 0:20) Dinner in Hell
02 (from 0:28) Velvet Choker, Corner Stone Cues
03 (from 2:00) Kingmaker from the Album Abbey Road, by Immediate Music
04 (from 5:32) Wicked, Corner Stone Cues
05 (from 6:38) Forest Chase, Corner Stone Cues
06 (from 7:16) Double-cross, Corner Stone Cues
07 (from 8:01) Amnesia, Corner Stone Cues
08 (from 11:11) Angle Terreste (Abbey Road, Immediate Music)
09 (from 08:29) The Variag, by the Red Army Choir
10 (from 12:02) The Red Army is the Strongest, by the Red Army Choir
11 (from 13:15) Dark Rise, Corner Stone Cues
EU Member States:
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
Structured Finance: Sovereign Debt, Banks, and Gold
The dreaded "D" word
Watch Tony Robbins discuss the $15 trillion U.S. national debt -- how big is it really? And what can we do "about the enormous federal budget deficit?" -- http://www.tonyrobbins.com/ (4/2/12)
Way too complicated for me.
Just remember, those billions and billions of your hard earned tax dollars, and those trillions and trillions of dollars put on the country’s credit card (due and payable by our children and their children) are going into the pockets of someone. And for that I am sure they are appreciative and grateful for your generosity.
GM CEO says to add 600 China dealers in 2012
GM to build 2013 Cadillac XTS in China this year
Let me stop right here – this is way more complicated than you might think. Just trust those in charge that this is the right thing to do, and that it’s in all of our best interests!
And just remember, if it’s good for China, it’s good for China.
"Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What can the U.S. government do today to prevent a crisis from happening when interest rates go up?" LearnLiberty (3/20/12)
Senator Cruz: Thank you for representing tax paying American Citizens who love their country, love the US Constitution, and love the sane rule of law.
Good job, sir!
McCain Accuses Tea Party Colleagues Of Pushing Dems Too Far
"An excerpt of the Peter Schiff speech at the 2009 Henry Hazlitt Memorial Lecture. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute." markiegreg (3/22/09)
There has been no shortage of dire warnings about the mounting US national debt, but President Obama is now offering a different assessment: no big deal.
"We don't have an immediate crisis in terms of debt," President Obama said in an exclusive interview with George Stephanopoulos for "Good Morning America." "In fact, for the next 10 years, it's gonna be in a sustainable place."
It's an assessment that will throw cold water on the latest attempt to achieve a so-called grand bargain to reduce the deficit. After all, a grand bargain would require excruciatingly difficult decisions for both sides — for Republicans, it would mean raising taxes, and for Democrats, cutting future spending on cherished programs like Social Security and Medicare. If there is no crisis, why would either side do it?
So, what happens if this latest effort to reach a deficit agreement falls through? Once again, the president's answer was, essentially, no big deal.
"Ultimately, it may be that the differences are just too wide" to get a deal, President Obama said. "That won't create a crisis. It just means that we will have missed an opportunity."
The president's reasoning is that the series of 11th hour agreements he has struck with Republicans over the last two years — to prevent a government shutdown, raise the debt ceiling and avoid the fiscal cliff — have resulted in enough deficit reduction to get the debt under control.
"I think what's important to recognize is that we've already cut $2.5- $2.7 trillion out of the deficit," he told Stephanopoulos. "If the sequester stays in, you've got over $3.5 trillion of deficit reduction already."
By that accounting, we have already achieved nearly all the $4 trillion the Bowles-Simpson debt commission called for back in 2010 — mission (almost) accomplished.
But there are two problems with that accounting:
First, the Congressional Budget Office projects a deficit of $845 billion — that's lower than the $1 trillion-plus deficits we've seen over the past four years and, as a percentage of the total economy, half the annual deficit of 2009. But, CBO also warns that the deficit is projected to continue rising once again after 2015, adding a total of $7 trillion to the national debt over the next 10 years.
Second, Erskine Bowles and Alan Simpson are now saying we are nowhere near accomplishing the amount of deficit reduction needed to put the government on sustainable path.
"They haven't done any of the tough stuff, any of the important stuff," Bowles told me last month. "They haven't reformed the tax code...they haven't done anything to slow the rate of health care, to the rate of growth of the economy, they haven't made Social Security sustainably solvent. There's about $2.4 trillion more of hard work we've gotta do."
Allan Simpson went further, calling the failure to control entitlement spending "madness."
"Ten thousand [Americans] a day are turning 65," Simpson told me. "This is madness. And life expectancy is 78.1, and in five years will be 80. Who is kidding who? This will eat a hole through America."
Urgent or not, the president seemed downright pessimistic about bridging the difference between Democrats and Republicans on how to further reduce the deficit.
"I am prepared to do some tough stuff. Neither side's gonna get 100 percent. That's what the American people are lookin' for. That's what's gonna be good for jobs. That's what's gonna be good for growth," President Obama said. "But ultimately, it may be that the differences are just too wide. It may be that ideologically, if their position is, 'We can't do any revenue,' or, 'We can only do revenue if we gut Medicare or gut Social Security or gut Medicaid' — if that's the position, then we're probably not gonna be able to get a deal." Ramanpal Singh (3/13/13)
I am sick and tired of people saying we as a nation have a “DEBT” problem.
The federal government can print as much money as they want.
Please join me in petitioning the government to ban this “D” word.
I have scoured the alphabet of banned words and “D” is available.
It is remarkable because the “A” word and the “B” word were banned so long ago. The “C” word not so long ago.
The “E” word was banned the same time as the “G” word, “K” word, “R” word and “U” word.
Who cares what the “D” word is. If we wanted to, the government could print enough money to pay off the “D” word." -- Paid for by friends of barack
Chapter 12 (Debt): Dr. Martenson explains how, since debt is a claim on future money, it is therefore a claim on future human labor. To put it simply, debt is future consumption taken today. Key Concept 7 is introduced, that "ever-growing debts implicitly assume that the future is going to be larger than the present." Dr. Martenson challenges this assumption, and what it means for us if that condition of growth is not met." ChrisMartensondotcom (2/25/09)
"Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome become bankrupt. People must again learn to work instead of living on public assistance."