Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Sunday, October 5, 2014

Counter Security

Lt. Col. Allen West, former republican Congressman from Florida, recognizes some very troubling facts regarding President Barack Obama and his leadership of the United States of America.  Back in August, West published on his website six examples of the Obama administration "purposefully enabling the Islamist cause".

It is unfortunate a large contingent of our citizenry is, as Aldous Huxley so brilliantly predicted, drunk on a sea of irrelevance; unwilling and/or unable to recognize the damage being done to our system of government.

With the media criminally negligent in failing to report the actual events taking place in various arenas, inclusive of the monetization of the debt, real unemployment numbers and engagements in international relations, it is increasingly difficult for the average citizen to make heads or tails of the going on.

As such, the citizenry relies on reported rhetoric rather than being able to decipher actions undertaken.   A determined examination of the actions of the Obama administration foreign policy in the middle east would lead the examiner to ponder decisions seemingly against previously established relationships, and as West noted, counter to the security of the United States of America.

Discarding the many false premises presented by the propagandist media and President Obama and his representatives, a non-biased look at the facts would find the conclusions drawn by Lt. Col Allen West as reasonable, credible, and sadly, true.

Tuesday, April 23, 2013

The Heat Is On

You have no doubt heard the story about the frog and the boiling water?

As it goes, if a frog is thrown into a pan of boiling water, the frog will instantly jump right out of the pan. However, should you place the frog in the pail of water and then slowly bring the water to a boil, the frog will not recognize the change in temperature until it is too late and the frog will be boiled alive.

The story is usually descriptive in a metaphoric sense highlighting the inability of people to recognize significant changes that occur gradually until the point of no return has been reached. What is going on in America today has that same feeling, as a major transformation is underway with the greater majority of the citizenry oblivious to the changes.

Among the many instances of transformation currently at play are positions against the church, embracing reductions in military abilities and status, entrepreneurship, the lessening of the value of citizenship and American exceptionalism and individualism; gun control efforts, socialized medicine and American sovereignty.

The monetizing of the debt, expansive entitlements, bailouts, exponential stimulus spending, the devaluation of our currency, the departure from investor protocol and contract law, notable during the auto bailouts, wealth redistribution and the absence of the rule of law are among the economic examples.

That is quite a list; however, the lack of adherence to the Constitution and the Bill of Rights is by far the most troublesome example, as the arrogant progressive ruling class deems themselves grantor's of rights through government, in contrast to the right to life, liberty and the pursuit of happiness from God as noted by our founding principles.

President Obama views the Constitution as a imperfect document with deep flaws of Colonialism; a document of negative liberties which limits what a government can do instead of outlining what a government must and should do.

These positions are in extreme contrast to the vision of our Founding Fathers as you might imagine.  But as the average citizen is working double to keep their family afloat amid the horrendous current economic conditions, and fails to adequately recognize the reduction in their freedom that is occurring.

The water is really getting warm!

Sometimes, we need an old friend to help us see the forest for the trees, a friend who is stern but friendly, a great communicator who is grounded in first principles and faith, a clear visionary who embraces freedom and cherishes the United States of America.

Enter Ronald Reagan:

Sunday, April 1, 2012

Lost in Space

60 Minutes was back in Central Florida for a report on the decimated Space Coast after the demise of the Space Shuttle Program.

Under the Bush administration, the shuttle program was announced to be discontinued, replaced with a new program called Constellation. Although President Obama is spending money like a drunken sailor, gambling on various projects while placing this country at the brink of financial collapse, he and his Congress could not find the money to continue the Constellation.

As a result, our national security is in peril, not to mention the devastating economic conditions, beyond Obama's horrendous economic policies, the Space Coast is dealing with. Take a look:



It is hard to believe this has happened in America, but then again, we are in the midst of the most disastrous presidency in memory. Much of America is in despair, and our place as the leader of the free world is in jeopardy. Certainly, November cannot come fast enough. I cannot imagine what kind of individual could cast a vote for the most destructive Commander in Chief this country has seen.

You would have to be lost in space.

Tuesday, September 20, 2011

Forgive You Not!

A friend of mine recently bragged on Facebook that he signed a petition floating around the social media world.

What he gleefully signed was The Forgive Student Loan Debt petition at SignOn.org, which is being presented as a immediate stimulus to the economy, allowing those forgiven to increase consumer spending to jolt the economy. They also insist this will lift all boats and is a much better alternative to tax cuts for corporations, millionaires and billionaires.

Yep, class warfare at its finest, sweeping up useful idiots across the fruited plain.

As an attorney and a fellow graduate of my alma mater, The Florida State University, I certainly expected more from my friend intellectually. But then again, he is a proud progressive, the political element that aims to usher in socialism, and this line of thinking falls right under the umbrella. It also lines up against the Founding Fathers, free market capitalism, commerce and the rule of law.

Unfortunately, efforts in this regard will actually have a negative long term effect on the economy, and the evidence can be traced to contract law, which if broken, causes catastrophic damage to economic confidence. The Obama administration, in one of their first moves, broke the rule of law by altering the contractual obligations of the bond holders of the car companies in favor of union thugocracy. In redirecting this order, the Obama administration broke the rule of law and immediately destroyed investor confidence. By design.

For my attorney friend, lets review some things. A company (the University or college) produces a product (the education) at an expense (instructor salary, building costs, utility cost, property costs, etc.) in an effort to attract (seller) consumption by a buyer (student) at a mutually agreed upon price (compensation), which is an implied contractual agreement. Keep in mind the buyer was not forced to purchase this product; they made the choice to do so.

So, now all those former students, who consumed the product, now seek to not pay for it, thinking everything just resets and all will be well, seemingly unaware of the damage to the market impacting their consumer choices moving forward.

Well, there is no free lunch.

When buyers don't pay sellers, the seller eats the costs. Many make effort to attempt to recapture the cost through avenues such as raising prices or limiting or increasing the costs of credit for future consumers. With respect to student loans, state university systems attempt to pass the costs along to the taxpayers, which one might conclude includes the original purchaser. If they are unable to do so, this could cause a restriction on the availability of classes or the existence of courses available. And God forbid at FSU we can't pay Jimbo Fisher's contract!

Individually for the purchaser, or student, personal accountability seems absent, as they are choosing to not live up to their personally pledged obligations, damaging their own credit and making their word meaningless.

Might they consider those of us who have satisfied our student loan obligations? Kept our word?

It is now time for deadbeats and freeloaders to step to the plate and satisfy their obligations, not throw it back on the seller or the taxpayer. Bad things happen to good people, and if it gets to a point of no recovery, bankruptcy is a legal option these folks should pursue.

Unfortunately, the Obama administration is encouraging default for individual Americans. But why would the administration make default the path of least resistance? Cloward and Piven. Under extreme economic duress, folks seeking help find the easiest answer to be the government. This crashes the system and enables the government, never letting a good crisis go to waste, to increase their power over the people, which decreases our liberty and freedom.

I recognize how difficult the economy is, but I urge all Americans to make every effort to meet their responsibilities and obligations, keep a commitment to the rule of law our economic system is based on and be wary of those bearing to good to be true answers and gifts from the same people who are central in creating the increasingly challenging economic landscape.

There is no free lunch. Freedom is not free.

Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same. --Ronald Reagan