Could We Have Another Crisis Please?

The Democrats “lead” by reacting to a crisis and if there is no crisis they create one. This allows them to “Never let a crisis go to waste.” This is how they are able to push things through and wage an all out assault on the American people. This is also what Muslim Congressman Keith Ellison wants. He said that they need a crisis at Christmas in order to push the Republicans in the direction the Democrats want with regard to the tax rate extension.

Ellison wants this crisis so that Republicans will be forced to react and avoid hurting people at Christmas. Keep in mind that Ellison does not care one bit about Christmas or the people who celebrate it. He is a Muslim and they do not care about Christians or their holidays.

Ellison is only concerned with bringing Socialism to this country (and of course, Sharia Law). He calls for this when he discusses how the rich should pay more and that they are getting so much money from this latest deal. This is all BS. No one is getting any more money. They are paying the exact same rates they have been for the last decade or so. No one’s taxes are going down because NO TAXES WERE CUT. In fact, the very wealthy will have a tax increase as the estate tax goes to 35%. This is a tax on people who pass on more than $5 million when they, pass on. The taxpayers get raped twice (and often more than that) by government, at least once when it is earned and then it is taxed when it is passed on. This is nothing more than the public being raped.

This is done for what purpose? It is done to give more money to the government. Keep in mind that this money is not the government’s. NONE OF IT IS. It is all our money and some of it is confiscated under threat of force by our government. It is theft made legal by government.

Ellison wants a crisis at Christmas to force Republicans to do what he and his Socialist pals in Congress want.

I have news for you Keith, keep screwing around and you guys will get a crisis that you will not like.

Cave Canem!
Never surrender, never submit.
Big Dog

Gunline

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Seizing Our Pensions Will Cause Civil Unrest

If you want to see all 435 members of the House and the 100 members of the Senate impaled on pike poles as their bodies slide down in agony until their torture ends in death ala Vlad The Impaler or if you want to see these same 535 members of Congress hanging from light posts around DC while birds peck at their lifeless bodies then let them go ahead with their plan to seize private pension plans to pay off the union and public pensions.

Yes, our government is considering confiscating the money we have in our 401(k) plans and the redistributing it in a more fair manner. On top of that they will impose a 5% payroll tax on everyone and that will go into the retirement fund to pay everyone a retirement. This would be on top of the Social Security we already pay for.

In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending. Human Events

If these people have a death wish for this country then they should press ahead with their plans to take money that we saved and decide who gets it and how much. Then they should press on and force higher income workers to pay much more into a system that will never pay back what they put in.

This will lead to massive civil unrest and there will be nothing standing between Congress and the people with the pitchforks.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world. US Declaration of Independence [emphasis mine]

If this happens and Americans do not end it quickly then we will deserve what we get.

The Congress needs to know we will not waste time with the courts and that we will not negotiate. If they steal OUR money, the money we have worked hard and saved FOR OUR OWN RETIREMENTS, then we need to replace them as our Founders did.

And if that is to harsh for them then they need to reconsider.

Because we are done playing games.

…that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same…

Congress will become a domestic enemy if they steal our money.

Cave Canem!
Never surrender, never submit.
Big Dog

Gunline

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What Social Security Trust Fund?

Social Security is in the red this year meaning that it will pay out more than it takes in in payroll taxes. The system was already unsustainable but was expected to have money for at least a few more years. However, the economy has millions of people who are not working and when they are not working they are not paying into Social Security.

That, of course, is only part of the problem. The bigger problem is that the federal government has spent all the Social Security money collected over the years. We have been told for years about the Social Security trust fund as if there is actually a fund with money in it. There is not but that myth continues as evidenced in this article:

The deficit will last through 2011, then an improving economy will put it back into balance for three years, then it will dip back into the red in 2015, the actuary said. The program has enough money in its trust fund to cover the annual deficit for two decades beyond that. Washington Times

This is an actuary perpetuating the myth. If the uninformed were to read that paragraph the assumption would be that there is a trust fund full of money that will fund SS for two decades.

In reality there is nothing more than a drawer with a bunch of IOUs. The federal government requires SS to send the money it collects (above what it needs to make payments) to the Treasury and in return the Treasury issues a Treasury Bond. It is basically a piece of paper like a bank deposit slip. It tells the Social Security Administration that it deposited a certain amount of money into the Treasury.

The problem is, once the money hits the Treasury it goes into the general fund and is spent by Congress. In other words, Congress is using Social Security money to pay for other things under the guise that it will pay the money later. The only fault in the plan is that the government does not have the money to pay back. We are trillions of dollars in debt and there is no way that we can afford to pay our bills without borrowing even more money. Social Security money has been spent and will not be replaced. We will either go deeper and deeper in debt borrowing money or burden people with tax increases to pay back what should have never been spent in the first place. Keep in mind, the special bonds purchased are supposed to be redeemed later but as the Office of Budget and Management states:

These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures – but only in a bookkeeping sense…. They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government’s ability to pay benefits. (from FY 2000 Budget, Analytical Perspectives, p. 337)

If the money had been put aside then there would be no need to raise taxes or anything else. If they tax us we will have paid for SS twice. Once when they took it from our paychecks and once when they collect taxes to pay the benefits.

If the money collected over the years had been invested in precious metals or placed in interest bearing accounts there would be no worry about the solvency of SS. We would have more than enough money to pay people and things would be good.

But the greedy politicians in DC could not keep their grubby little hands out of the till. They have committed malfeasance and bankrupted the socialized retirement system that was established long ago. SS should never have been created but if they had to do so then they should have ensured it would be protected from the greed and corruption that permeates our government.

Face it. If a private company did this with retirement funds the people responsible would be in jail and the dolts in Congress would be attacking them mercilessly. You can bet that no CEO would be able to get away with saying that he would simply borrow the money to fund the system.

And no company could remain in business being run by such people. This might explain why we are on our way to financial collapse.

The Treasury bonds Social Security holds in place of its money are backed by the full faith and credit of the US Government.

Given how the OBM described the bonds (quoted above), that should comfort absolutely no one…

Cave Canem!
Never surrender, never submit.
Big Dog

Gunline

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Where Will They Go To For More Money?

I wrote before the last election indicating that there was concern that the government would take control of our retirement accounts and redistribute the money in them as part of a scheme to even the playing field. The Socialists in DC are part of the spread the wealth paradigm and they have no problem forcefully taking that to which they are not entitled. There were hearings on Capitol Hill where this was discussed.

Doug Ross indicates that this might be where the next money influx to the government comes from as they confiscate our retirement (which contains trillions of dollars) and spread it among those who have not saved for retirement.

The [Congressional] testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.

…The current retirement system, Ghilarducci said, “exacerbates income and wealth inequalities” because tax breaks for voluntary retirement accounts are “skewed to the wealthy because it is easier for them to save, and because they receive bigger tax breaks when they do.” [Original Source Carolina Journal]

The government has already pilfered trillions of dollars in Social Security that was paid in over the years and used that money for pet projects and as a slush fund. There is no money left in Social Security and the government does not have the money to meet the obligations of Social Security. It must borrow money to pay the recipients. This would not be the case if they had left the money alone.

Instead, they will come after the money we have saved. It is there because strict rules forbid us from tapping into the retirement money until we actually retire. Congress had no such rules and raped Social Security and now the plan, at least one that was discussed in Congress, is to confiscate our retirement and use it to pay others.

This is a Socialist program and if the government goes through with this there is no doubt in my mind we will have an armed insurrection.

These bastards take enough of our money and spread it around. I will be damned if they are going to take what I have saved for my retirement without a fight.

I am sure many others feel the same way (not the slugs who would benefit from the work of others) and would be willing to fight for what is theirs.

Keep an eye on Congress. It will look for money and will take it any time it wants. The government will rape us any chance it gets so we must remain vigilant.

Buy guns and ammo. You will need them.

Big Dog

Gunline

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Where Was Sandy Berger When This Was Stolen?

In October 2003 Sandy Berger, former Clinton National Security Adviser, stole classified documents from the National Archive. There is no doubt he stole them because he stuffed them down his pants. He stole the documents to cover up any missteps taken by him and Clinton with regard to our security. Berger did not want the documents discovered during all the 9/11 investigations.

He was charged with, and pleaded guilty to, a misdameaner because it was determined he only took copies and that the documents were backed up on a hard drive.

Today it was announced that a hard drive containing a terabyte of information from the Clinton years is missing from the National Archives. The drive contains sensitive information as well as personally identifying information such as Social Security Numbers.

The Inspector General states the drive was stolen sometime between October 2008 and March 2009 after it was left unsecured in an area that is accessed by any number of people including visitors.

Did Sandy Berger visit the Archives during that time frame? Perhaps he was not satisfied with stealing copies and wanted the electronic version as well.

Can you imagine him meeting up with Bill Clinton after stuffing the hard drive down his pants?

CLINTON: Hey Sandy. Is that a hard drive in your pants or are you just happy to see me?

Big Dog

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