US Action News

The laws of economics have not changed just because the Fed chooses to ignore them. These laws cannot be repealed by the Fed nor can they be altered.

A record high of 15% or 46.37 million Americans are on food stamps in June last year — that’s almost one in every seven Americans. That number is not expected to come down much …

So if you are an American, don’t laugh at what is happening over in Europe at the moment. We are headed down the exact same path that they have gone, and we are going to experience the same kind of suffering that they are going through right now.

Obama does not care about spending cuts. Ever increasing spending is leverage for ever increasing taxes. Obama’s ideology is in line with Lenin “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Ilyich Lenin.

The new robber barons in the Executive Branch and Congress are not content only with taxing job creators and saddling our children and great grandchildren with trillion-dollar IOUs. They are using hard-earned tax money to finance wind, solar, biofuel and other schemes that primarily reward crony capitalist campaign contributors.

A fiscal collapse is now inevitable. Despite his past rhetoric about irresponsible debt, Obama has no plan nor even the desire to curb spending and reduce debt. The debt death spiral is only a few years away from consuming all revenues the government takes in. Taxing everyone 100% will not solve the problem. Obama does not even recognize that there is a spending problem. His Marxist ideology blinds him to reality. Math is too hard for him. Meanwhile we are being crushed between the millstones of taxation and inflation.

Cash for Clinkers turns out to have been bad for the environment and bad for consumers. Will we ever learn? Leftist housing policies caused the housing crisis, environmental policies cost jobs, drive up energy prices and in some cases actually harm the environment. Obamacare is driving up costs and taxes. Has anything the government done worked?

43 cents of every dollar the government spends is stolen from future generations in the form of debt that must be repaid. “Blessed are the young for they shall inherit the national debt.” — Herbert Hoover

They all share the same goal: enrich and empower activists, bureaucrats and liberal politicians – while controlling and impoverishing the rest of us – all in the name of protecting the environment.

With regard to the Democrats, there is no hope for them, and this is literally their last hurrah, as the country is faced with Greek style tough love once interest rates go up to the normal levels again.