The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label congress. Show all posts
Showing posts with label congress. Show all posts

Wednesday, September 25, 2013

Treasury Secretary Lew attempts to intimidate Congress over debt ceiling

President Obama picked a good company man when he appointed Jack Lew to replace Timothy Geithner as the newest Secretary of the Treasury.  And like the former head of America’s purse strings did during his time in office, Lew is choosing to use intimidation and threats over negotiation and fiscal planning in regards to the upcoming debt ceiling crisis.

Treasury now estimates that extraordinary measures will be exhausted no later than October 17. We estimate that, at that point, Treasury would have only approximately $30 billion to meet our country’s commitments. This amount would be far short of net expenditures on certain days, which can be as high as $60 billion.  If we have insufficient cash on hand, it would be impossible for the United States of America to meet all of its obligations for the first time in our history.


Read more on this article here...

Monday, August 19, 2013

What does Congress and Islam have in common? They both are exempt from Obamacare

Earlier this month, Democrats flocked to President Obama demanding action which would ensure they and their staffers would not be liable to the edicts of the Health Care bill (Obamacare) they pushed through Congress in 2009.  And in a ruling made by the Executive Branch’s Office of Personnel Management on Aug. 2, this ‘crisis’ was averted.
So now Congress, who promised the American people a fair health care plan that would last generations, now can add themselves to the nation of Islam, which under the provisions of Obamacare, is exempt from its requirements and taxes.
 
 
Read more on this article here...

Friday, June 28, 2013

Senate immigration bill fines businesses for hiring citizens over amnestied illegals

In the wake of the Senate passing their version of the immigration amnesty bill, the 'Gang of 8' celebrated another victory in which they secretly, and ignorantly, forged legislation that doesn't cure the root problem.  In fact, it appears that only one Senator actually read the entire bill before the vote, and found in it language which would allow the IRS to fine businesses who hire regular citizens over newly amnestied illegals.


Cartoon courtesy of One Old Vet.com

We can’t possibly expect our Senators to read a 1200 page bill before voting on it. Can we? Well Thank God Ted Cruz read it. Not only did Cruz read it but he schooled anyone who would listen from the Senate floor on Tuesday. Cruz found a loophole that actually penalizes an employer $5000 for hiring a citizen over a legalized alien. Seriously. You can’t make this stuff up. - Freedom Outpost via Political Realities

So like Obamacare, which the Congress and White House swore up and down would not cost the American people any extra money, the deceptions within the Immigration Reform Act appear specifically included to destroy American jobs to appease corporate desires for cheap labor.  And once again it proves, our Congress is no longer a representative of the people, but a fascist bought and paid for entity that acknowledges their true masters in big business.

Tuesday, June 11, 2013

The ghost of Ron Paul spoke on evils of government surveillance thirty years ago

Former Congressman Ron Paul may have left public office last year, but his legacy of fighting tyranny and oppressive behavior by the government is laced throughout his legacy.  In fact, even during the conservative years of Ronald Reagan, the Texas Congressman foresaw what government was doing then, and would do in the future in regards to surveillance on citizens in America.


Ron Paul Legacy:  Fighting for Freedom and liberty when few did



For many of us today, in the wake of the NSA spying scandal, and uncovering of near total surveillance on the American people, we can look back and realize that at least one politician fought for, and foresaw the end game of government, even if it may now be too late to stop it.

Friday, March 15, 2013

Congress: The best politicians J.P. Morgan can buy

With Congress finally taking time from its busy scehedule of Kabuki theater on March 15 to hold hearings on J.P. Morgan, and their evidenced fraud and deceipt in the markets, it is vastl important to understand and realize that like Jon Corzine and MF Global, or Angelo Mozzilo and Countrywide, all this blustering by the politicians will in the end, accomplish nothing.

Why?  Because a large portion of these same politicans are bought and paid for by J.P. Morgan, and their massive lobby efforts in Congress.

Courtesy of Open Secrets

And of course, all one has to do is look at the biggest villain of corporate largesse, and the one Wall Street owns lock, stock, and barrel.  None other than Democratic Senator from New York, Chuck Schumer.


Remember these numbers when you watch the Senate today appear to throw hardball questions at the current and former executives of J.P. Morgan, and know that when its done, each one will be laughing all the way to the bank.

Wednesday, February 6, 2013

Retirees need to take heed as the government seeks control over your accounts

As the U.S. government drowns in a debt of over $16 trillion, and revenues from taxes continue to decline in the economy, there is still one pot of gold that is ripe for the taking. 

That of your retirement accounts.

The U.S. Consumer Financial Protection Bureau recently suggested that it was imperative that they have a greater role in managing the over $19 trillion in private accounts held by the American people, and like Social Security, make them accessible to Federal control and oversight.


The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.

“That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,”bureau director Richard Cordray said in an interview. He didn’t provide additional details. - Bloomberg

This idea has already been bantered around in Congress, as former Speaker of the House, Nancy Pelosi suggested that the government should nationalize all 401K, IRA, and private retirement accounts as a means to resolve the credit crisis, and fiscal cliff.

With GDP for the 4th quarter coming in at a negative .1%, and the national debt nearly 104% of the annual production for the economy, do not be surprised if the government attempts to 'confiscate' the nearly $20 trillion in untapped assets, both to spend as they see fit, and to provide collateral to the Federal Reserve to borrow more money.

Wednesday, January 2, 2013

Congress kicks can for six to eight weeks with 11th hour tax bill

As the stocks markets jump on Jan. 2 in the aftermath of the 11th hour fiscal cliff tax agreement passed by Congress last night, the final consequences will not be seen for at least six to eight weeks when legislators are forced to deal with the debt ceiling, and potential spending cuts.  In fact, the showdown between Congress and the President appears to be looming large as Barack Obama declared there would be no room for negotiation on adding more debt, and Congress appears likely to once again give in without receiving any cuts to the ever-expanding Federal budget.



This sentiment was validated by CME trader Rick Santelli on CNBC earlier today, and he shows no surprise in Congress's inability to accomplish the task of fiscal responsibility.

Friday, November 30, 2012

President Obama and Congress discuss tax measure that would kill housing recovery

With the lack of fortutude by both Congress and the President to address their fiscal households over the past four years, the standard paradigm of wait until the last minute and legislate some draconian budget that will accomplish little, and hurt the majority of Americans, is staring them in the face.  With the proverbial 'fiscal cliff' just one month away from dropoff, the low IQ men and women who represent 310 Americans are putting tax cut issues on the table that would devastate not only the housing recovery, but nearly every homeowner in the country.

On Nov. 29, Congress and the White House began looking at the removal of the mortgage interest deduction for taxpayers who own a home, and believe it could be a low impact measure to save revenues towards cutting the deficit.



Of all the deductions woven into the sprawling U.S. tax code, few have been more fiercely guarded than the enormous tax break that lets homeowners deduct the interest they pay on their mortgages.

But as Congress and the White House negotiate the first major rewrite of tax laws in decades, changing the generations-old mortgage-interest deduction — which costs the government roughly $100 billion a year — has gone from far-off possibility to part of the conversation. - Washington Post

Congress passed the home mortgage interest deduction as a means to help Americans buy affordable housing, and create jobs and economic growth through construction and all the industries tied to home buying.  By removing this long standing deduction, not only would it add an average of $5000 to the tax burden of most homeowners, but it would take away a key selling point for realtors in offering home buying vs renting as an option.


Thursday, September 20, 2012

Republicans create political stunt by passing their own Buffett Rule tax scheme

On Sept. 20, the Republican led House of Representatives passed what was in essence a political stunt, by countering President Obama's 'tax the rich' debate with their own Buffett Rule legislation.  In the House bill, rich people like Warren Buffett, who have publically stated that the rich, including themselves, do not pay enough in taxes, could voluntarily give more money to the Federal government to help offset the deficit.

Photo courtesy of United Liberty.org
The House on Wednesday passed Republicans' own version of the Buffett Rule, which allows wealthy Americans to voluntarily pony up to reduce the deficit.

The bill, labeled the Buffett Rule Act, passed by voice vote, meaning Democrats and Republicans agreed with it. Under the legislation, which would still need Senate approval, taxpayers could check a box on their taxes and send in a check for more than they owe to the IRS.

"If Warren Buffett and others like him truly feel they're not paying enough in taxes, they can use the Buffett Rule Act to put their money where their mouth is and voluntarily send in more to pay down the national debt, rather than changing the entire tax code to inflict more job-killing tax hikes on hard-working Americans," said Rep. Steve Scalise, the Louisiana Republican who wrote the bill. - Washington Times

The ironic thing however, and why this is more of a political stunt by Republicans during an election year, is that people already have the choice to give more in tax revenues to the government, through voluntary means, or by limiting deductions they could legally take on their returns.

At the core of the division between the rich and the 99%ers, is that many of the rich and powerful want the tax code to keep out new Americans from entering their segregated domain, thus limiting the elite club that runs the country from the back rooms and corporations.  For the poor, and those 50%  who are dependant upon government handouts for their daily subsistance, the gibsmedat mentality will always overshadow the drive to work smarter and harder, and to use the system millions of others have used in our history to accumulate wealth, and better their lots in life.

Wednesday, July 25, 2012

Audit the Fed musters vote in House but appears dead in the Senate

The long standing legacy of Congressman Ron Paul has reached its climax just months before his inteded retirement from the House.  On July 25, Congress voted 327-98 to demand an audit of the U.S. central bank and private Federal Reserve.

However, Senate leaders, many of whom are bought and paid for by the banking industry, immediately condemned the vote, and do not even plan on allowing a floor vote.



Never mind that the Fed audit is dead in the Senate — Majority Leader Harry Reid’s office has said he won’t bring it up.
And Hoyer said no matter how many Democrats are co-sponsors, he still thinks the bill is bad policy — and he’s urging Democrats not to support it.
“Whatever the motivation is, and however broad the sponsorship is, my own view is that it’s bad policy,” Hoyer told reporters on Wednesday. “It will undermine the independence of the Federal Reserve and will, therefore, undermine the competence in the Federal Reserve, which plays a significant role in stabilizing the economy and addressing the creation of jobs.” - Zerohedge

Thursday, July 19, 2012

Ron Paul explains what Audit the Fed legislation means for America

The House of Representatives asked Congressman Ron Paul on July 19 to create a short video explaining what Audit the Fed legislation means for America, and to garner public support for the bill.



Here is the video.



Without government or public controls over the central bank which controls our money supply, no American is ever safe in an economic system run by a select few.

Postal Service once again fails to deliver a solvent business model

It's that bi-annual time again for the U.S. Postal Service to come before Congress and the American people to tell us how needed they are, and how without more bailout cash, your mail might not be delivered.



While lawmakers continue to fight over how to fix the ailing U.S. Postal Service, the agency's money problems are only growing worse.

The Postal Service repeated on Wednesday that without congressional action, it will default—a first in its long history, a spokesman said—on a legally required annual $5.5 billion payment, due Aug. 1, into a health-benefits fund for future retirees. Action in Congress isn't likely, as the House prepares to leave for its August recess.

The agency said a default on the payment, for 2011, wouldn't directly affect service or its ability to pay employees and suppliers. But "these ongoing liquidity issues unnecessarily undermine confidence in the viability of the Postal Service among our customers," said spokesman David Partenheimer.

The agency says it will default on its 2012 retiree health payment as well—also roughly $5.5 billion, due Sept. 30—if there is no legislative action by then. - Wall Street Journal via Zerohedge

However, don't expect too much from Congress.  As the vastly intelligent progressive Harry Reid tells us...

Friday, January 6, 2012

Debt Ceiling countdown begins with $25 billion left until the end

Its January 2012, and do you know where your governments fiscal responsibility is?  For the US government, it is business as usual as the Super Congress failed to reach spending cuts as promised when the House voted to raise the debt ceiling, and now, the government is down to just $25 billion left to borrow before we start the battle in Congress once again to raise it.


Courtesy of Zerohedge

Thursday, December 29, 2011

Tax the rich? Why not go after foundations that use tax code to profit themselves

501(c)3 corporations were created to help organizations such as churches and small charities avoid taxation for the work they do in helping the American people.  Unfortunately, the tax code is now so convoluted, that organzations such as the AARP can sell themselves to endorsements, to the tune of $600 million, and call it 'charitable benefits'.

Congress is attempting to fight back, but in this case, AARP may have the upper hand.  As a billion dollar non-profit, they have the resources to defend themselves quite easily from what is being deemed as an attack by the government to have the IRS re-evaluate their non-profit status.

Three members of Congress have shot a cannon at the American Association of Retired Persons (AARP). Republicans Herger (CA), Boustany (LA) and Reichert (WA) sent a letter to the head of the IRS asking that the tax status of AARP be reviewed. - Bruce Krasting via Zerohedge

AARP has come under fire in recent years for using its funds to support Obamacare, which will have a vastly negative result for their customers and members.  And like most Unions, foundations that act under the tax-exempt 501(c)3 protection end up being cash funnels for politicians, at the detriment of citizen representation.

Taxing the rich is a feel good proposition, but if you want to protest organizations that rake in serious dollars at the detriment of the common man, 501(c)3's may be the first place to look.
Just go ask your local mega-church Pastor who lives in a million dollar home, with private jets, and compounds while their congregations are without jobs and income.

Thursday, December 8, 2011

Corzine to tell Congress he knows nothing in Congressional hearing today

Former MF Global CEO Jon Corzine has already pulled out the Angelo Mozillo card, and issued a testimonial letter that he knows nothing about the loss of money at MF Global, and especially the losses to individual customer accounts.

Corzine Testimony


As we now logically, the chances of Corzine being completely ignorant to the workings of his own company are between slim and none, but the onus of course is on Congress and the incompetent US regulators to prove otherwise.  Back in 2008, fraudulent CEO's got away with their actions, and chances are likely, Corzine will skate through once again because of his massive leverage with the Obama administration.

And once again, investors who trusted the system will be out $1.2 billion dollars with little or no compensation.

Tuesday, December 6, 2011

Watch live hearing on whether Congress should be exempt from Insider Trading Laws

Recent stories have manifest about Congressmen, particularly Nancy Pelosi and several Republicans, profiting on insider information they used to buy into IPO's or stocks that benefitted from legislation they sponsored.

Today, a hearing is taking place over the lawful and ethical ramifications for Congress of being allowed to trade on insider information, while it is a crime to every other American.

You can see the hearings by going to CSPAN, which will make them available on the net shortly.

http://www.c-span.org/Events/Insider-Trading-and-Congress/10737426032-1/

In the end, I wonder how Martha Stewart feels if the end result of this hearing is a continuation of the status quo?

Monday, November 21, 2011

As the Super Committee fails to come up with a plan, the end result is good for gold

With the Congressional 'Super Committee' set to announce its failure to come up with an agreed upon plan for cuts in the budget and federal spending, the one victor in this debate is none other than gold.

Washington's latest fractious effort to come to grips with its mounting debt looks set to end in failure today as negotiators look set to announce they have failed to reach a deal.  The Congressional ‘supercommittee ‘charged with cutting the US government's crushing $15 trillion debt looks set to admit failure which should support gold. - Goldcore via Zerohedge
Gold has always been a long term forecasting metal, which tells the reality of a fiat currency.  As the dollar has gotten stronger recently, gold has lost nearly $80 from its recent support.  That will change in the future however, as inflation and a continued devaluation in the dollar, thanks in part to the Super Committee's failure to halt out of control spending, will lead to mass inflation, and a supersonic rise in gold values in the future.

Monday, November 14, 2011

Congress caught profiting on insider trading according to 60 minutes expose

How would you like to not only be allowed to invest on insider information, but in many cases, create the news and policies that benefit your investments?  This is exactly what many in Congress, including Nancy Pelosi and members of both parties appear to have been doing for years based on an illegal bill Congress passed a while back exempting themselves from insider trading laws.



Is it any wonder why they have yet to pass any spending cuts in the Super Congress yet?  Or that President Obama can get away with paying off friends and donors with lucrative loans and contracts like Solyndra, without any oversight?

While your 401K sinks in the markets, Congress happily makes themselves 9-15% return on their money... thanks to their own inside information.

Wednesday, October 19, 2011

The debt reality for the American people

A new study out shows that even with all the hoopla about Congress dedicating itself to cutting waste in Washington, federal spending is actually up 5% this year.

Meet the new bosses... same as the old bosses.

In fact, in the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show. That's an increase of almost 5%. And deficits during this time were $23.5 billion higher.
 These spending hikes haven't stopped many analysts from claiming that the country is in an age of budget austerity, one that's hurting economic growth. - Investors.com
The thing is, little of that additional spending went to help the American people in any way.
Now, the IMF has issued a new chart on per capita debt, intrinsically tied to our government spending.  The chart shows that our debt is growing much faster than our GDP output, and it basically shows that the US has crossed the Rubicon of insolvency not only at the Federal level, but at the individual level as well.

Chart courtesy of the IMF via Zerohedge