…. PASSING PEOPLE AND EVENTS …..

 

A Shocking Number

Is Alaska a good place for free markets and free people?  Maybe the most telling statistic on this score indicates Alaska is on the opposite end of the scale.

The Tax Foundation, established in the heart of the last Great Depression, reports that in 2009 the number of full-time state and local government employees in Alaska stood at 766 per 10,000 residents.  This placed Alaska second among the fifty states, trailing only Wyoming at 918, another supposed place of rugged individualism.  Kansas is third at 677, far fewer than Alaska.  Arizona gets by with 473.  Bankrupt California employs only 505 government employees for 10,000 residents.  Alaska is about 40% over the national average of 546.  http://www.taxfoundation.org/research/show/25202.html

To make reality come somewhat closer to Alaska’s political rhetoric a shift from draining natural resources for State revenue needs to occur.  People need to feel the excessive spending by the State today instead of having their savings account always raided.  Those savings are essential to Alaska’s future in a dangerous world. 

 

Other Shocking Numbers

In building the greatest mountain of debt in human history, the United States Treasury Department has issued $4.7 trillion in new federal bond debt over the past four years.

But the federal deficit over that time has “only” come to $4.2 trillion. 

Those knowledgeable in the field of sovereign assets cannot account for why this extra money was borrowed or where it has gone.  Is $500,000,000 being sent to bail out the rest of the world?  Is it going into private retirement accounts overseas?  Are the crazy rumors of building underground cities for the elite actually true?

This coincides recently with the Treasury spending the remaining cash held by the Federal Reserve, long considered the only remaining source of United States government liquidity (real money).

The ponzi operators in Washington, D.C. and their backers may be hedging their careers with public life by taking the cash now.  This is a time-honored practice among banana republics, like ours at this low point in American history.

 

Justice for Some

Representative Joseph Barton, congressman for a working class district near Dallas, Texas, energized the main stream media for a week or so by apologizing to BP chairman Tony Hayward for President Obama’s support for an independent fund to resolve claims from the Gulf of Mexico oil disaster.  Representative Barton felt strongly that BP had been “railroaded” by a tyrannical government “shakedown” into establishing a “slush fund”. 

What was left out of the news coverage though was Representative Barton’s selective belief in property rights.  When it comes to forfeiture laws, laws that are applied to the average person, Congressman Barton could not be a stronger supporter of government taking property away from citizens without a criminal charge being pursued or even any persuasive evidence of wrongdoing.  This policy of forfeiture is, of course, a longtime tenant of the Republicrat Party as it was in the age of serfs.

Big money makes all of the difference when it comes to the scope of justice from Congress.  Many members have difficulty restraining their fealty to their Masters.

 

Important Business

The cable news channels were riveted by the story.

Would the Congress, for the first time ever while a recession is underway, refuse to extend unemployment benefits beyond the customary six months?  The two parts of the Republicrats took principled stands.

Republicans bellowed that such spending, $34b, must be paid for from tax revenues, not with legal counterfeit invented by the magic money machine of the Federal Reserve.  We Republicans will deny the majority in the Senate by voting No forever in complete lockstep on this fundamental question.

Democrats held there is no greater need possible in our distressed country than to continue to pay the needy idle with taxpayer money.  Further, because this period of economic recovery is actually such an emergency it turns out, the nation need not bother with paying this bill with real money.  Also, why would Republicans spend the magic money anytime they wish to and then deny it to the unemployed?  How would Republicans pay for this $34b in spending cuts and tax increases?  How about that one!

Easy, say the Republicans on the question of “paying as we go”.  No spending cuts or tax increases are needed, of course.  President Obama still has a hundred billion or two of magic money left in the biggest slush fund ever, TARP.   This spare magic money should be used to pay people not to work, something we favor, after all.   Further, emergency spending by Congress is for things like the wars we needlessly started in Iraq and Afghanistan or for giving Wall Street every dollar it asks for.  That is what our conservative nation is built on: Bless those doing God’s work in the financial sector and our nation’s stout leaders in Washington and especially those brave soldiers losing their lives defending our shores and in Iraq and Afghanistan while paving the way for enriching many of our nation’s largest companies. 

The titanic struggle spread over six floor votes in the Senate, each one teasing the 60-vote majority needed to overcome the Republican filibuster.  Television stoked the drama with images of the desperate unemployed wholly reliant on the morality of a broken Congress to survive.

In the end, justice in its 20th Century form prevailed.  The helpless were paid in full with back benefits, all in magic money, by a 60-40 Senate vote.  That same week $68b in temporary war funding in Afghanistan was also passed by Congress, also paid with magic money as endorsed by both parties.

A truly heroic tale!