OBAMA’S DEBT SADDLES AMERICA’S CHILDREN FOR DECADES

During Obama’s Presidency, national debt has grown by $61K per household

http://dailysignal.com/2014/09/03/obamas-presidency-national-debt-grown-61k-per-household/

Daily Signal – Michael Sargent – 9/3/2014

Today, the country is saddled with more than $17.6 trillion of gross debt, an increase of more than $61,000 per American household during Obama’s presidency alone. Median household income in the U.S. is about $51,000. This means that during Obama’s presidency debt per household grew by more than the typical American family earns in a given year.

The debt increase seen over the past six years is massive enough to eclipse the entire annual production of other top economies around the world. The $7.06 trillion added during Obama’s tenure exceeds the combined 2013 output of Germany and France, the two largest economies in Europe.

In order to reverse this trend, the country needs to seriously address its spending problem, starting with an evaluation of its biggest culprit: swelling entitlement programs. Continuing to put off the problem will leave the next generation more indebted and economically weak than any before it—and that is not the American way.

Northwoods Patriots - Standing up for Faith, Family, Country

IRS--IT'S TIME TO BE REPLACED

Gary Johnson:  ‘Abolish the IRS’

http://watchdog.org/159115/johnson-abolish-irs/?utm_medium=email&utm_source=newsletter&utm_campaign=trending_29

Watch Dog – Rob Nikolewski – 7/14/2014

“Let’s abolish the IRS, let’s eliminate income tax, let’s eliminate corporate tax, let’s balance the federal budget and if we need a tax, it can be one federal consumption tax,” Johnson said.

But how would that work?

Instead of collecting taxes from various sources, a consumption tax works from a single point of purchase. It taxes people when they spend money on any given item or service. By eliminating income tax, sales tax and others, the idea is that overall price would not go up and may, according to its advocates, actually decrease the overall tax burden on citizens.

“I think a great starting point for a debate and discussion over a national consumption tax is, let’s start with the Fair Tax, legislation that has been written up and I think signed up on by 80 congressmen and women,” said Johnson.

“Why would any company, anywhere in the world, locate anywhere but the United States, given zero corporate tax?” Johnson said. “The entire world will change their tax structure to emulate no income tax, no corporate tax, no more filing.”

https://www.ouramericainitiative.com/abolish-irs.html

The Our America Initiative, led by Honorary Chairman Gary Johnson, advocates abolishing the IRS and replacing it with a simple system of collecting necessary government revenues when money is spent, not when it is earned. Shifting to a revenue-neutral consumption tax will put earners and businesses back in control.  Taxes won’t be withheld from paychecks. Instead, they will only be paid when an individual or business spends money, and except for a “prebate” to exempt spending for basic necessities, EVERYONE will pay the same rate.

No winners. No losers. Just a simple tax that is not only fair, but which creates incentives to earn, save and invest.  And by eliminating all the loopholes, benefits, etc., we won’t need a massive IRS. Also, half the lobbyists and special interests in Washington will probably disappear.

https://www.ouramericainitiative.com/

 

Northwoods Patriots - Standing up for Faith, Family, Country

INFLATION: 10%; UNEMPLOYMENT: 20%

Stone Cold Proof that Government economic numbers are being highly manipulated

http://freedomoutpost.com/2014/06/stone-cold-proof-government-economic-numbers-highly-manipulated/

Freedom Outpost – Michael Snyder – 6/25/2014

Over at shadowstats.com, John Williams publishes alternative economic statistics that he believes are much more realistic than the government numbers. According to his figures, the U.S. economy has actually been continually contracting since 2005. That would mean that we have been in a recession for the last nine years.

Right now, the Federal Reserve tells us that the inflation rate is sitting at about 2 percent.

But according to John Williams, if the inflation rate was calculated the same way that it was in 1990 it would be nearly 6 percent.

And if the inflation rate was calculated the same way that it was in 1980 it would be nearly 10 percent.

But according to shadowstats.com, the broadest measure of unemployment is well over 20 percent and has kept rising since the end of the last recession.

And according to the Federal Reserve's own numbers, the percentage of working age Americans with a job has barely increased over the past four years...

Northwoods Patriots - Standing up for Faith, Family, Country

AMERICA'S FALL - IS THIS THE TRUTH?

Is America's Fall Inevitable?

http://eaglerising.com/6800/americas-fall-inevitable/

Eagle Rising – Michael Reisig – 6/17/2014

Truth is told in the entire article - here's just two paragraphs.

No nation can stand strong without integrity and the deep abiding respect of its people. In just 30 years we have destroyed nationalism in this country. We have sold our way of life – the foundations of morality, religion, and virtue – to accommodate and glorify ethnicity and religious creeds from lands that had absolutely no significant contact with America in its first 300 years. Even worse, we are becoming a land of faithless clones with their hands continually out, demanding more, giving less. The loudest voices are being appeased at the cost of the majority. We’ve sacrificed our position as the world’s greatest manufacturer (and the millions of jobs that went with that) for cheap flat screen TVs, cell phones, and computers. And the great “breadbasket” that we used to be, is filled with a new kind of weevils – incredibly dangerous additives we add to breads, inject into our beef and pork, and spray on our vegetables and fruits – all in the name of more production and more money, and all with the back room blessings of the FDA and its harlots in Congress. The individual farmer is going the way of the Dodo Bird, and small towns, founded on hard work and integrity are drying up.

What took Rome several hundred years, we have managed in less than 75 – the dissolution of a society, and the eminent collapse of a nation – all thanks to blind, politically correct hysteria combined with a new sense of national gluttony, and the indulgence of the most corrupt government in the history of this nation.

Northwoods Patriots - Standing up for Faith, Family, Country

SOCIALISM COMING TO AMERICA

Founding Fathers on Economics, Capitalism and Banking

http://freedomoutpost.com/2014/06/founding-fathers-on-economics-capitalism-banking-my-how-we-have-departed-from-their-principles/

Freedom Outpost – Michael Snyder – 6/10/2014

Most people are under the illusion that the United States has a "capitalist economy" today, but that simply is not accurate. At best, we have a "mixed economy" that is becoming a little bit more socialist with each passing day. We pay dozens of different types of taxes each year, and some Americans actually end up giving more of their earnings to the government than they keep themselves. But that is still not enough, and so our state governments have accumulated astounding amounts of debt, and our federal government has amassed the largest single debt that the world has ever seen. If future generations of Americans get the chance, they will curse us for the chains of debt that we have placed upon their shoulders.

So what do our government officials do with all of this money?

Well, today approximately 70 percent of all federal government activity involves taking money from some Americans and giving it to other Americans.

Despite this unprecedented wealth-redistribution program, poverty is absolutely exploding in this country and 49 million Americans are dealing with food insecurity.

Meanwhile, the bankers have been getting fabulously wealthy from all of this debt. The Federal Reserve system was designed to trap the U.S. government in an endless spiral of debt from which it could never possibly escape, and that mission has been accomplished.

Most people like to think of big banks as "capitalist" institutions, but that is not really accurate. In the end, giant corporate banks like we have in the United States are actually collectivist institutions. They tend to greatly concentrate wealth and power, and socialists find those kinds of banks very useful.

In fact, Vladimir Lenin once said that "without big banks, socialism would be impossible."

Northwoods Patriots - Standing up for Faith, Family, Country

UNEMPLOYMENT RATE: 23%

It’s an illusion:  Here are the REAL Unemployment Numbers

http://freedomoutpost.com/2014/05/illusion-real-unemployment-numbers/

Freedom Outpost – Mac Slavo – 4/3/2013

The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor force shrank by more the 800,000 in April.

The participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since March 1978, from 63.2 percent a month earlier.

Thus, while U.S. companies added some 288,000 jobs last month, three times as many people were dropped from the official unemployment statistics and are no longer counted in the labor pool.

At this rate we’re well on our way to achieving the Communist dream of 0% unemployment before the end of the President’s term. We’re creating jobs at a slower pace now than at the same time last year.

At his web site ShadowStats.com Williams calculates the rate of employment using the same methods that were used prior to 1994 when they were officially defined out of existence by bureaucrats looking to pad the numbers.

According to those numbers, we’re looking at an unemployment rate of over 23%.

According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.

So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job.

Northwoods Patriots - Standing up for Faith, Family, Country

OPEN THE BOOKS -- FIND THE PORK

Open the Books
https://www.youtube.com/watch?v=-6SLtjokndo&feature=youtu.be
Four-minute video about an app that follows the money

Northwoods Patriots - Standing up for Faith, Family, Country

FEDERAL RESERVE AND CURRENCY

Please watch the video to understand the system of currency (or money, as they call it) to understand how this country got into so much debt and so much slavery because of debt. 

The video linked below explains it easily and simply and in 30 minutes.

They use different terminology when explaining fractional-reserve banking and suggest that the 10% withheld from a deposit represents fractional-reserve banking (the 10% is sent to the FDIC to pay for deposit insurance and has nothing to do with fractional-reserve banking which has to do with credit, not deposits), but though fractional-reserve is the primary reason behind the creation of our currency (not money). 

This is an easy-to-understand video.  Please take the time to watch it at least once... and if you really want to understand it, take the time to watch it again. 

It's not that long and it will help you understand the Federal Reserve System.

They don't teach this stuff in school.

http://libertyroadmedia.wordpress.com/2013/10/17/our-debt-slavery-explained-please-watch/

If you're going to be angry at the Federal Reserve System and/or the United States Congress or the President, at least make the effort to find out why you're angry.  Find out why your deposit accounts in a bank make you an unsecured creditor of the bank, find out why it is impossible to stop the insane spending without destroying the entire banking system. The video is short and easy to watch.

Northwoods Patriots - Standing up for Faith, Family, Country

IRS: AMERICANS ARE TIRED OF YOUR BILLION DOLLAR ERRORS

IRS doles out $11.6 billion in erroneous tax credit checks
http://watchdog.org/112104/irs-obamacare-tax/
Watchdog.org – M. D. Kittle – 10/23/2013

During the past decade, the IRS has handed out a minimum of $110 billion in improper EITC payments, and as much as $132 billion. That’s the value of at least 4 ½ federal government shutdowns.

“This is just further evidence of a federal government that is a very broken, very dysfunctional and very inefficient entity,” U.S. Sen. Ron Johnson, R-Wisconsin, told Watchdog.org.

The IRS offered several reasons for the improper payments, not the least of which is the “complexity” of the EITC tax law, “including the need for congressional authorization of math error authority,” according to the audit. Part of the problem, according to a TIGTA official, is that the IRS doesn’t have the authority to correct simple math errors on EITC forms without the benefit of an audit.

Other reasons include:

• Confusion among eligible claimants
• High turnover of eligible claimants
• Unscrupulous tax return preparers
• Downright fraud

Northwoods Patriots - Standing up for Faith, Family, Country

DEFAULT IS A CHOICE

Two obvious facts on the debt ceiling showdown

http://consultingbyrpm.com/blog/2013/10/two-obvious-facts-on-the-debt-ceiling.html

Consulting BYRPM – Robert P. Murphy – 10/92-13

Click the link to view the graphs - money comes into the U. S. Treasury.
Then decisions must be made to allocate those funds.

Northwoods Patriots - Standing up for Faith, Family, Country

MSNBC RANT ON POOR ECONOMY

News anchor completely loses it on camera because of everything that’s wrong with America

http://daily.represent.us/news-anchor-completely-loses-it-on-camera-because-of-everything-thats-wrong-with-america/

Us Daily Represent.US – 7/17/2013

5-minute video

Northwoods Patriots - Standing up for Faith, Family, Country

CONTINUING RESOLUTION - HOW WISCONSIN VOTED

HR 2775 – Continuing Appropriations Resolution, 2013 – Voting Record - HOUSE

http://votesmart.org/bill/votes/46251#.UmA4iVOFfmI

WI	1	Rep.  Paul  D.  Ryan	Republican	Nay
WI	2	Rep.  Mark  Pocan	Democratic	Yea
WI	3	Rep.  Ronald  James  'Ron'  Kind	Democratic	Yea
WI	4	Rep.  Gwendolynne  S.  'Gwen'  Moore	Democratic	Yea
WI	5	Rep.  Frank  James  'Jim'  Sensenbrenner  Jr.	Republican	Nay
WI	6	Rep.  Thomas  E.  'Tom'  Petri	Republican	Nay
WI	7	Rep.  Sean  Duffy	Republican	Nay
WI	8	Rep.  Reid  J.  Ribble	Republican	Yea

Hr 2775 – Continuing appropriations Resolution, 2041 – Voting Record - SENATE

http://votesmart.org/bill/votes/46250?s=vote#.UmA4IVOFfmI

WI	Jr	Sen.  Tammy  Baldwin	Democratic	Yea
WI	Sr	Sen.  Ron  Johnson	Republican	Nay

Click this link for a thorough explanation of what really happened.

http://www.govtrack.us/congress/votes/113-2013/h550

Congress passed a bill to end the shutdown and raise the debt ceiling late 10/16/2013:

Senate Cloture | Senate Final Vote | House Vote

The Senate used H.R. 2775 as a “vehicle” for passage, meaning the Senate took an already-passed unrelated House bill, replaced its text, and sent the revised bill back to the House for a final vote.

Northwoods Patriots - Standing up for Faith, Family, Country

BIG GOVERNMENT AND BIG BUSINESS: CRONYISM RESTRAINS FREEDOM

Crony Capitalism and the American Welfare state:  joined at the hip

http://www.garynorth.com/public/11601.cfm

Specific Answers - Gary North – 9/28/2013

This is a very long article that opens your eyes.  Behind closed doors big government and big business work hand in hand to ensure that small business remains small and is unable to compete with big business.

Crony capitalism favors the super rich. The super rich are willing to pay income taxes to fund a small portion of the welfare state, because the bulk of the welfare state is funded by taxes on the middle class. The super rich don't pay much into Social Security and Medicare/Medicaid. The working class pays: "regressive" taxation. These are the largest welfare programs there are. The super rich avoid having to pay much of anything into the two largest welfare state programs there are. It is a sweet deal for the super rich. The federal government's regulatory apparatus keeps growing, and the super rich's balance sheets keep growing.

This is the greatest single irony of the liberal Establishment's version of the welfare state. It was never funded by the rich. It was funded by the working class on a flat-tax basis. The super rich have watched in amusement as the Left invoked wealth-redistribution by the state. The system left the rich untouched.

Social Security and Medicare/Medicaid are guarantees that the welfare state, as proposed by the Democratic Left, will never come into existence. If there is any welfare money left to spend, granny is going to get it, and the working class is going to put up the funds. These were the greatest political bait-and-switch scams in American history. In the name of soaking the rich, the middle class and the poor created a welfare state funded by them. The rich walked away from the trap laid for them by their political enemies. The welfare state is the ally of the super rich. It costs them little. It justifies the federal government. The federal government is the source of the protection that the super rich enjoy. Crony capitalism's ally is the welfare state. 

Northwoods Patriots - Standing up for Faith, Family, Country

GOVERNMENT SHUTDOWN - HO HUM

Meaningless partial government shutdown in progress:  what’s affected, what’s not

http://freedomoutpost.com/2013/10/meaningless-partial-government-shutdown-progress-whats-affected-whats/

Freedom Outpost – Mike Shedlock – 10/1/2013

History of 17 prior government shutdowns

And the current 18th government shutdown.

Life always goes on.

Remember Saul Alinsky’s Rules for Radicals:

RULE 9: “The threat is usually more terrifying than the thing itself.” Imagination and ego can dream up many more consequences than any activist. (Perception is reality. Large organizations always prepare a worst-case scenario, something that may be furthest from the activists’ minds. The upshot is that the organization will expend enormous time and energy, creating in its own collective mind the direst of conclusions. The possibilities can easily poison the mind and result in demoralization.)

Northwoods Patriots - Standing up for Faith, Family, Country

OBAMA HAS 'TRANSFORMED' AMERICA DOWN

Can the weight of 90 million not in the workforce collapse the economy?

Yes, we can

http://finance.townhall.com/columnists/morganbrittany/2013/09/08/can-the-weight-of-90-million-not-in-the-workforce-collapse-the-economy-yes-we-can-n1694252/page/full

Townhall – Morgan Brittany – 9/8/2013

Over the past five years, Barak Obama has “fundamentally transformed America” and we have the statistics.  Here are a few of his accomplishments:

1.  As of this week, there are a record number of Americans out of the work force.

2.  There are a record number of Americans on food stamps.

3.  There are a record number of Americans on disability.

4.  There are a record number of Americans working part-time.

5.  The unemployment rate for black youth in July was more than 46%.

6.  Obama has succeeded in hurting the people who voted and supported him the most.  Women, minorities and the young.

With the dismal statistics this week it is transparently obvious that we are headed in the wrong direction.  There is no recovery and no matter how they want to spin it, there isn’t one on the way.  Not with Obamacare and a pending war with Syria on the horizon.

With the entitlements that are being offered, more and more people are opting out of trying to find a job.  With jobs being scarce and only part time work being offered, it is very enticing to sign up for an EBT card, go on disability and take full advantage of what the government is handing out. In some places, like Hawaii, you can receive as much as $60,590 a year from government benefits!

This kind of behavior is what Obama and liberals are depending on. Their goal is government dependency. They want as many people as possible to be on the government dole so that eventually the system collapses under its own weight.  We are heading in that direction and now with Obamacare, the train is barreling out of control.

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

DEMOCRATS GOT WHAT THEY WANTED – EXCEPT ECONOMIC GROWTH

Employment doom rattling media

http://finance.townhall.com/columnists/johnransom/2013/08/24/employment-doom-rattling-media-n1671980/page/full

Townhall – John Ransom - 8/24/2013

In the U.S. the number of employed has only grown by 922,000 people since July of last year. And as many have noticed, over 70 percent of those jobs are part time.

The growth of the labor force itself has slowed so much that it has caused the BLS to revise previous projection of the growth of the labor force through 2012-2025 from 0.9 percent annually to 0.8 percent annually, according to HousingWire.

This is the Democrats’ economy. It’s everything they asked for:

• nationalized healthcare
• auto bailout
• pork barrel spending we call stimulus
• the opportunity to put a million electric vehicles on the road
• solar
• unions in government

AND STILL, THEY’VE PRODUCED THE WORST RECOVERY EVER.   STRIKE THAT.

It’s because they got nationalized healthcare, and they got the auto bailout, and they got the pork barrel spending we call stimulus; plus they got the opportunity to put a million electric vehicles on the road; AND because they invested in solar, in unions and in government that we have the worst recovery ever.

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

DETROIT AND OTHER BANKRUPT CITIES

Eight New cities on the verge of bankruptcy

http://moneymorning.com/2013/07/23/eight-new-cities-on-the-verge-of-bankruptcy/

Money Morning – Frank Marchant – 7/23/2013

 

Washington DC

Camden, NJ

Cincinnati, OH

San Diego, CA

San Jose, CA

San Francisco, CA

Los Angeles, CA

Baltimore, MD

City bankruptcies have the potential to roil municipal bond markets. Read what the Detroit bankruptcy means for municipal bonds.

 

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

DEBT-ROIT - DOMINOS STARTING TO FALL

Debtroit:  Coming to a city near you

http://townhall.com/columnists/pauljacob/2013/07/21/debtroit-coming-to-a-city-near-you-n1645479/page/full

Townhall – Paul Jacob – 7/21/2013

The City of Detroit owes to creditors $18 billion that it cannot pay back. Most of the debt is owed to those who provided loans to the city by buying its bonds; next in line are the nearly 30,000 retired and still working city employees owed billions collectively in future pension benefits, which are woefully underfunded.

What is more scary, because it is more relevant to most of us, is that our own cities are currently embracing the same stupid policies and employing politicians making the same unfunded promises.

Last week, Moody’s Investor Services downgraded the bond ratings of two major cities, neither named Detroit.

Chicago

Cincinnati

Research by Professors Robert Novy-Marx at the University of Rochester and Joshua Rauh at the Stanford Graduate School of Business looked at the pension commitments state and local governments had already made and then calculated how much your taxes would have to go up to pay for those unfunded promises. The professors found that, “ON AVERAGE, A TAX INCREASE OF $1,385 PER U.S. HOUSEHOLD PER YEAR WOULD BE REQUIRED, STARTING IMMEDIATELY AND GROWING WITH THE SIZE OF THE PUBLIC SECTOR.”

We can blame the politically powerful public employee unions for pushing for unsustainable benefits.

On the other hand, we can blame our elected officials for agreeing to benefit packages they weren’t honestly willing to pay for. But then, we elected those officials.

The solution is obvious: Don’t allow our governments to make promises they cannot keep. While the law requires that those workers who have earned pension benefits receive those benefits, no law says we have to continue an unsustainable system that could lead to bankruptcy.

Move new government workers to the same retirement system used by most American workers: a defined-contribution 401k-style program.

 

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

POLITICIANS, CORPORATIONS, ELECTIONS AND RISING TAXES

Senator Tom Davis fights against crony capitalism in South Carolina

http://freedomoutpost.com/2013/07/sc-senator-tom-davis-fights-against-crony-capitalism-in-south-carolina/

Freedom Outpost – Joshua Cook – 7/21/2013

Please read the entire article for a simple explanation of crony corporatism that some people call capitalism.

Sen. Tom Davis said, “If we truly want to be a free economy, if we truly want to get back to grassroots capitalism, we have to attack the favors. We have to attack the corporate welfare. Republicans and Democrats alike are guilty of this. It is not a bi-partisan battle. It is a battle for freedom and liberty, and those things mean something. They’re not abstract ideas. It’s about getting government off people’s backs and having government stop giving tax breaks to their competitors.”

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DETROIT - HOW MANY MORE DEMOCRATIC DOMINOS WILL FALL?

DETROIT DECLARES BANKRUPTCY!

http://conservativebyte.com/2013/07/pure-detroit-pure-michigan-parody/
2-minute video - so true!


Bankruptcy a chance for Detroit to begin anew
http://www.freep.com/article/20130719/COL10/307190022/vbankruptcy-detroit-Gov-Rick-Snyder-Kevyn-Orr

Rochelle Riley - Detroit Free Press - 7/19/2013

Last month, Emergency Manager Kevyn Orr met with creditors at Metro Airport to break the bad news that they would not get back what they loaned.
On Wednesday, Detroit’s two pension funds filed suit against Orr and Gov. Rick Snyder to block Orr from cutting benefits for thousands of current and active city workers.
And yesterday, Orr, an expert in municipal bankruptcy, a man who came to Detroit to prepare a municipal bankruptcy — unless creditors, unions and residents played ball — filed for protection under Chapter 9.



Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com