Slamland 2

1. Second round of Quantitative Easing will cease on schedule.¹

Amid increasing political pressure and turbulent financial conditions in the world economy, the Federal Reserve is letting its massive bond-buying stimulus program expire in the next few days without a new initiative to prop up the weak American recovery.

Why we can’t afford more war.

The nonpartisan Congressional Budget Office said Wednesday the "explosive path" of the nation’s public debt would exceed 100% of GDP by 2021, even with expected policy changes.

On the Tea Party’s move towards austerity

On the U.S. budget, Bernanke said he didn’t think that sharp, immediate cuts in the deficit would create more jobs, as some Republican and other advocates for belt-tightening have argued.

"In the very short run," he said, "the fiscal tightening is … at best neutral, but probably somewhat negative for job creation."

So, that’s one hit.

2. US risks default on its debt!²

Neither side reported an alignment in positions about raising the nation’s debt ceiling, an unsettled issue that could force the government to default on its obligations by early August.

This is Repugnicans and Demorats playing chicken with our lives and economy. Strangely, neither side is pointing out that it was GW Bush’s policies that got us here. However, it is the ignorant yokels from the Tea Party that is keeping the rest of the GOP from helping to find the brakes. Some of them are even considering letting the US default for 30 days or so, as a tactical play. What fools we elect to congress these days!

Some Republican lawmakers have said a brief default, which would be inevitable in August if lawmakers fail to raise the nation’s $14.3-trillion debt ceiling, might be acceptable if it forces the White House to deal with large budget deficits.

The problem with that plan is that it isn’t Obama that sets the budget. According to the US Constitution, the budget is set in the US House of Representative and nowhere else. The US House is in Republican hands at the moment.

In 2003, when I came here to Switzerland, it cost about 1.20 CHF to buy a dollar. That same dollar now only costs 84 centimes, or 0.842CHF! The mighty are falling as I write this.

1. This round of quantitative easing expires at the end of June. [↩]
2. The debt ceiling must be raised by early August or the US goes into default. [↩]

Mirrored from The Slamlander.

Rather extreme.

Will it ever get to this?

The US Feral¹ Government is getting a little out of hand, you think? But if they can get away with ignoring the US Constitution the way that they have been since 2001 then they will keep right on doing it.

I had hopes for Obama, they are fading. The Tea Party has it wrong but I’ll bet that they now wish that they had never heard of Sarah Palin. The thing is that the economy doesn’t matter if you lose your freedom in the process. Safety and security don’t matter if you lose your freedoms getting them.

CALEA, Patriot Acts I and II, and a whole raft of other things all contribute to the loss of freedom and civil rights. Yes, Handgun Control Inc. is against your freedom. Watch this video and realize why the 2^nd Amendment is your sole protection. It is the last barricade against the Totalitarian State of Amerika and even then, it has already been dangerously eroded.

The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.  – Article I, section 9, US Constitution

Already, Americans cannot fly without giving up their 4^th and 5^th Amendment rights. Arrested, you do not have the right of Habeas Corpus, a constitutionally guaranteed right. They will simply ignore it. You can be arrested without Probable Cause, you can be searched without Probable Cause, you can have all of your money and possessions confiscated without a trial or even Probable Cause²  , that is the Land of the Free?

GW Bush began all of this and Obama has not even begun to try to reverse these things. In fact, he is exacerbating some of them.

1. Not a typo. This is a term that I’ve used for the US Federal Gov for a long time. It indicates a rogue government that does not feel that it is contrained from commiting any act that it desires by the will, or lack thereof, of the people. [↩]
2. All they have to claim is that they suspect you of trafficking drugs, verbally, no proof required, or even any truth. Even if you get exonerated in a trial, they won’t give any of it back because they don’t have to. That’s the way the law is written. [↩]

Mirrored from The Slamlander.