Archive for December, 2008

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December 31, 2008

A question has arisen that needs an answer.  Money is being given to companies and organizations that is supposed to be coming from the taxpayers’ coffers.  But the taxpayers are losing jobs and the companies they are no longer employed by are being paid by the unemployed taxpayers ?  Who is getting the money from whom and how?  Since there is more debt than taxpayer revenues that means there is really nothing in the taxpayer till.  So whatever is being paid in taxes is really only paying a little on the principle and interest and not supplying any additional revenue for any bailouts.

This would indicate no one is looking at the big picture.  This would indicate the only option the government has is to further deceive the citizens into believing that what is really going on is somehow not going on. How long can that go on?  Not long.  What happens next?  The next major crisis is inflation.  You can bank on it.


Another New York Times Opinion Critique

December 7, 2008

Today the New York Times on their editorial page has an editorial entitled,”The Employment Crash” and in that editorial they say, “Members of Congress should be working now on another round of economic stimulus, consisting of bolstered unemployment compensation and food stamps and aid to states and localities, including money for creating jobs by rebuilding the nation’s infrastructure.”  They don’t say where the money for all this “stimulus is to come from nor do they say how more deficit spending will affect the value of our money. This is simply one of thousands of poorly constructed arguments advocating the growth of government and the destruction of any remnants of a free economy.  A stimulus with paper dollars that are losing value moment by moment is nto the answer to anything.  It is only an invitation to hyperinflation and further economic deterioration.