Key House Democrats decided to raise taxes on the wealthy to help pay for health care legislation. At the same time, Democratic leaders are trying to quell concerns among moderate and conservative lawmakers about other elements of the bill.
Democrats on the tax-writing Ways and Means Committee agreed to a new surtax that would start with households making $350,000 a year and begin in 2011, said the committee’s chairman, Rep. Charles Rangel, D-N.Y.
Rangel said the new surtax would be graduated, starting with households at $350,000 and then rising at $500,000 and again at $1 million. Cuts to Medicare and Medicaid would raise about $500 billion, according to the Congressional Budget Office.
Lawmakers still can not provide an exact price tag of the overall bill.
The proposal faces an uncertain reception in the Senate and from moderate and conservative Democrats in the House, who rebelled over various aspects—including costs—of the plan.
Several Blue Dog members voiced concerns about new taxes, and it’s unclear whether the Senate would go along with the House on a tax on high earners. Asked if the Senate could support a “millionaire’s tax” to pay for health care, Budget Committee Chairman Kent Conrad, D-N.D, answered: “I don’t know.”
Posted in Business, Current Events, Health, Personal Freedom, Politics, Taxes, Tyranny
Tagged Big Government, Blue Dog, Charles Rangel, Congressional Budget Office, Cuts to Medicare, Democrats, Freedom, High Taxes, Kent Conrad, Medicare, millionaire's tax, Obama, Obamacare, Senate, socialism, socialized medicine, surtax, Taxes, Totalitarian Government, Washington, Ways and Means Committee, White House
Since the Internet took root as a mass communications phenomenon in the mid 1990s, a quiet war has raged in Washington over the extent to which the Federal Communications Commission (FCC) would regulate the new medium.
Until, now the Internet has been largely self-regulated, and the FCC has taken a hands-off approach.
But that could change dramatically soon if the Obama administration has its way.
During the weekend, press reports revealed a stunning development: The Obama administration will announce Monday that the FCC would propose new rules to embrace what it calls “Net Neutrality.”
Obama’s new Federal Communications Commission chairman, Julius Genachowski, will use a speech to the Brookings Institution, a liberal think tank, to announce the FCC proposals, according to those reports.
On the face of it, Net Neutrality appears to be a fair proposal.
But in reality, the proposals are nothing more than a backdoor way for the FCC to tighten federal control over the Internet by beginning with the regulation of Internet service providers.
The battle lines over Net Neutrality have formed along partisan and ideological lines.
Republicans have opposed Net Neutrality, suggesting self regulation has worked well.
“I want a vibrant Internet just like they do,” Rep. Lamar Smith, a Texas Republican, said three years ago during the 2006 House debate over the issue. “Our disagreement is about how to achieve that. They say let the government dictate it . . . I urge my colleagues to reject government regulation of the Internet.”
The previous FCC chairman, Kevin Martin, opposed Net Neutrality. He suggested it was not needed.
Conservatives see Net Neutrality as a power grab that will benefit big Internet players such as Amazon and Google while stifling smaller competitors.
The libertarian CATO Institute, in a 2004 policy analysis concluded: “The regulatory regime envisioned by Net Neutrality mandates would also open the door to a great deal of potential ‘gaming’ of the regulatory system and allow firms to use the regulatory system to hobble competitors. Worse yet, it would encourage more FCC regulation of the Internet and broadband markets in general.”
Posted in Business, Communications, Current Events, News, Personal Freedom, Tyranny
Tagged Amazon, Big Government, Brookings Institution, Cato Institute, Democrats, FCC, Federal Communications Commission, Freedom, Google, Internet, Internet service providers, Julius Genachowski, Kevin Martin, Lamar Smith, Libertarian, Net Neutrality, Obama, Texas, Totalitarian Government, Washington
The Wikipedia page on the Mayors Against Illegal Guns Coalition was repeatedly ripped out by an anti-gun cabal. I seems that Wikipedia has become politicized and manipulated by the Politically Correct.
Below is the content, minus all the references, about Mayor Bloomberg’s coalition. Please go to Mayors Against Illegal Guns Conservapedia page to see it all. http://www.conservapedia.com/Mayors_Against_Illegal_Guns
There are a lot of indictments and felony convictions for members of a “crime fighting” organization!
The Mayors Against Illegal Guns Coalition is a leftist political coalition of mayors from about 400 United States cities, with a stated agenda of “making the public safer by getting illegal guns off the streets.” The group was formed by Boston Mayor Thomas Menino and New York Mayor Michael Bloomberg. The coalition’s CEO is Chicago Mayor Richard M. Daley.
The majority of members of the Mayors Against Illegal Guns Coalition are Democrats.
Criticism of Methods and Hypocrisy
Bloomberg has been sued for defamation by a Smyrna, Georgia gun dealer represented by former congressman Bob Barr.[1][2]
Indicted, convicted, and scandalized members
A substantial number of member of the coalition have been indicted in recent months, on felony charges. Here in the US, conviction of felony means the immediate loss of both the right to vote and the right to own a gun for the rest of one’s life. This is an organization that espouses doing away with “illegal guns”, yet a surprising number of their members have made choices in their lives that have set themselves on the path to being disenfranchised from ever owning a gun.
Personal character and integrity are prerequisites for anyone entering public office, to serve in an elected position of “special trust and confidence”, such as a mayorship. Abuses of that trust, gross lapses of integrity, and forays into criminal conduct are not tolerated in our society. If anything, elected politicians are held to a higher standard than the general public, and their actions are closely watched. For an elected official to become a criminal, when they themselves are entrusted to protect us from criminals is nearly the most heinous and unforgivable thing imaginable in a democratically-ruled republic. For some of these same individuals to continue to be considered members in good standing of a “crime-fighting” organization–and not even censured by the organization–has been criticized as being hypocritical.
Four current and former members of the Mayors Against Illegal Guns Coalition are currently under felony indictments, five others were recently convicted of felonies, one indicted member died of a heart attack before completion of his trial, and one member was recently convicted of a violent misdemeanor. The indicted and convicted members and former members include:
- Former Mayor Gary Becker[3] of Racine, Wisconsin is under five felony indictments for child pornography, attempted child sexual assault and child enticement.[4] He resigned after pleading not guilty and being released on bond.[5] His location is currently being monitored electronically, as he awaits a trial scheduled to begin in October, 2009.[6]
- Former Mayor David Della Donna[7], of Guttenberg, New Jersey was indicted under a Federal extortion and mail fraud charges.[8] He was convicted in 2008[9] and sentenced to four years and three months in federal prison.[10]
- Mayor Sheila Dixon was indicted in 2009 on twelve counts[11], comprising four counts of perjury, two counts of misconduct, three counts of theft, and three counts of fraudulent misappropriations.[12] The felony theft charges stem partly from incidents in 2004, 2005, 2006, and 2007 in which she allegedly misappropriated gift cards intended for the poor and used them for personal purchases.[13][14] Dixon’s trial, originally scheduled for September 8, 2009, was postponed to November 9, 2009.[15]
- Mayor Jerramiah Healy was convicted for obstruction of justice in 2007[16] and more recently was implicated in the corruption sweep in New Jersey involving the sale of body parts and money laundering. In all, 44 individuals were indicted. (Healy was named as “JC Official 4″ and implicated, but was not indicted, in the probe.)[17][18][19]
- Former Mayor Kwame Kilpatrick was indicted, arrested, and convicted. and subsequently jailed for 99 days. Kilpatrick pleaded guilty to two felony obstruction of justice charges stemming from his efforts to cover up an extramarital affair. He also pleaded no contest to charges of assaulting a police officer attempting to serve a subpoena on a Kilpatrick friend in that case.[20] The charges and allegations (not all against Kilpatrick himself) were of marital infidelity, conspiracy, perjury, corruption and murder.[21] Following Kilpatrick’s conviction, the Citizens Committee for the Right to Keep and Bear Arms called on Kilpatrick to resign from the Coalition.[22]
- Mayor Larry Langford was investigated in 2007 by the SEC on corruption charges. In 2008 a lawsuit was filed against him for illegally accepting $156,000 in cash and benefits. On December 1, 2008, Larry Langford was arrested by the FBI on a 101 count indictment[23] alleging conspiracy, bribery, fraud, money laundering, and filing false tax returns[24] in connection with a long-running bribery scheme.[25][26][27] His trial date was postponed to October 2009, and the trial venue moved to Tuscaloosa, Alabama.[28]
- Deceased Mayor Frank Melton at the time of his death was under felony indictment on civil rights charges.[29] (He died before a scheduled re-trial, following a mistrial.) In 2006, Melton pled guilty to a firearms charge, stemming from a raid (in which he was armed with a concealed pistol) on a suspected crack house. Melton conducted the extra-official Buford Pusser-style raid without a warrant to “bust up” a duplex apartment, accompanied by a group of youths that were not sworn law enforcement officers. That same event led to Melton’s civil rights indictment. In November 2006, he pleaded no contest to three misdemeanor charges: carrying a gun in a park and in a church, and carrying a concealed weapon.[30]
- Mayor Eddie Perez was indicted on bribery, fabricating evidence, and conspiracy to fabricate evidence felony charges.[31] Perez turned himself in to state police, stating that he had a lapse in judgment but did nothing illegal, and vowed that he would not step down as Hartford’s mayor.[32] He was arraigned on September 8, 2009.[33] His trial date was postponed to November 2009[34], and then to February, 2010.[35] On September 2, 2009 Perez was again arrested, and additionally charged with first-degree larceny by extortion, stemming from a no-bid parking lot deal, unrelated to the other corruption charges.[36] He again proclaimed that he would stay in office, despite these new felony charges.[37]
- Former Mayor Samuel Rivera, of Passaic, New Jersey was convicted of corruption, influence peddling, and extortion charges.[38][39] In August 2008 he pled guilty,and was sentenced to 21 months in prison.[40]
- In 2008, former Mayor Will Wynn was convicted of Class C misdemeanor, for a choking assault on a man who had crashed a party.[41]
Five current members of the Mayors Against Illegal Guns Coalition have been troubled by scandals that involved firearms:
- As New York Mayor Michael Bloomberg came into office, he inherited a chronic firearms permit favoritism scandal from his predecessors that still remains an unresolved issue. Writing in the New York Sun, attorney David Kopel observed: “The problem is acute in New York City. Celebrities, the ultra-wealthy, and the politically influential get carry permits. But many of the people who need them the most — such as stalking victims, or crime witnesses who have been threatened by the criminal’s friends — often do not.”[42] There are currently only about 36,169 permits to keep firearms in private homes in New York City, with the majority issued to retired police officers. Of these permit holders, only 2,516 are more liberally licensed for concealed carry outside their homes. The issuance of permits is discretionary in New York City, per Penal Law 400[43]. (It is considered a “may issue” locality, unlike the “shall issue” policy used for concealed carry in most other localities.) Despite “tight” restrictions on “demonstrated need or special danger”, a who’s-who list of celebrities, billionaires[44], entertainers[45], professional athletes[46], and politicians[47] has somehow managed to get firearms permits. This list includes New York Times publisher Arthur Ochs Sulzberger, publisher Michael Korda, and talk show host Howard Stern.[48] In 2007, The New York Post reported that gun license holders include financier Donald Trump, his son Donald Trump Jr., Queens district attorney Richard A. Brown, Westchester County district attorney, Janet DiFiore, music executive Tommy Mottola, chief executive of Marvel Comics, Isaac Perlmutter, radio show host Don Imus, lawyer Barry Slotnick, lawyer Raoul Felder; publisher Robert Forbes, the cab-driving political activist Fernando Mateo, former new York Senate Majority Leader Joe Bruno (recently indicted for fraud), actor Robert De Niro, actor Harvey Keitel, film producer Martin Bregman, cosmetics heir Ronald Lauder, and Aerosmith singer Steven Tyler.[49][50] All of these individuals have retained their gun licenses under Bloomberg’s “tough on guns” administration. The New York Post noted: “Television news anchor John Roland, who let his license lapse in 2006, got his gun permit back in 2007.”[51] A surprisingly high number of celebrities have concealed carry permits, rather than the more common “keep at home” (premise) permits. According to The New York Times, “Mr. Bloomberg asked Police Commissioner Raymond W. Kelly to look at the issue, and added: ‘If you want a gun permit, you should have to really show that your life is in danger, and that having a gun will protect you, will improve the chances of you surviving.’”[52] But despite Bloomberg’s publicly-stated concern, there have been no announcements of any celebrity gun permits being rescinded, or any reforms to prevent favoritism, cronyism, bribes, or other abuse of discretion in license issuance. With a city population of 8.3 million, the 36,169 gun permit holders represent just .043% of the population and the 2,516 concealed carry permit holders represent a scant .003% of the population.
- Mayor Richard M. Daley has been criticized for the city of Chicago’s long-standing practice of providing armed bodyguards for a number of city politicians, including city clerk James “Jim” Laski. In the city clerk scandal, Daley was shamed into removing the perk of the armed bodyguards for the clerk. The Chicago Sun-Times reported: “The decision was made almost immediately after Laski became the first elected official to be caught up in the Hired Truck scandal. But Daley insisted that the bribery and extortion charges against Laski were not the trigger. It was the fact that, until this week, Laski had not been showing up for work.”[53] Laski was later convicted of taking $48,000 in bribes and received a two year sentence.[54] Former Mayor Eugene Sawyer, City Treasurer Judy Rice and Alderman Edward M. Burke, chairman of the City Council’s Finance Committee still have armed bodyguards.[55]
- Mayor Gerald Jennings of Albany, New York was implicated in a scandal regarding the alleged illegal purchase of 52 machine guns.[56] It is unclear whether the weapons were purchased for departmental use or for the use of private individuals. Weapons were delivered to Police Department addresses but apparently paid for with private funds. The Department has not produced a list of weapons, their location, the names of the individuals who purchased them, or their disposition or destruction. At least one later turned up, illegally for sale to the public, in an area gun store. The police officer who sold the gun to the store has testified that he bought it from a Police Union official who was also the Department’s armorer.[57] The current Chief of Police is the fifth appointed by Jennings.[58] The case is still open.[59]
- Following the illegal seizure of firearms in the wake of Hurricane Katrina, Mayor Ray Nagin settled a lawsuit and had a permanent injunction issued prohibiting Nagin or any New Orleans employee from confiscating any lawfully possessed firearm and ordering the return of hundreds of illegally confiscated firearms. (They had been confiscated at Mayor Nagin’s order.).[60] Nagin’s administration has also been troubled by reports of improprieties with the police department evidence rooms, where guns were stolen, guns were allowed to rust, and $200,000 in cash was stolen.[61][62]
- Mayor Bill White‘s administration has been embarrassed by an ongoing scandal involving guns stolen from the Houston Police Department’s evidence room. In January 2009, the Houston Chronicle reported: “For months, maybe years, people with criminal backgrounds had access to secure areas of the police station, including a property room from which 30 guns disappeared within six months, according to internal police documents. The documents, obtained by the Houston Chronicle, indicated that lax security created an environment ripe for theft. No one has been charged in the gun thefts, although police suspected telephone repairmen who admitted stealing other items, and a temporary employee who had access to the property room while awaiting trial on aggravated robbery charges.”[63][64]
Resignations from the coalition
Announced resignations
Twelve mayors that had been members[65] have withdrawn from the organization, claiming either that they were misled about the group’s anti-gun platform, or that they were enrolled in the coalition without their knowledge.[66][67][68] They are:
In her resignation letter, Mayor Patricia Shontz of Madeira Beach, Florida wrote, “I am withdrawing because I believe the MAIG is attempting to erode all gun ownership, not just illegal guns. Additionally, I have learned that the MAIG may be working on issues which conflict with legal gun ownership.” She added, “It appears the MAIG has misrepresented itself to the Mayors of America and its citizens. This is gun control, not crime prevention.”[78]
In his resignation letter to Bloomberg, Mayor Harry Moore stated: “It is simply unconscionable that this coalition, under your leadership, would call for a repeal of the Shelby /Tiahrt amendment that helps to safeguard criminal investigations and the lives of law enforcement officers, witnesses and others by restricting access to firearms trace data solely to law enforcement. How anyone, least of all a public official, could be willing to sacrifice such a law enforcement lifeline in order to gain an edge in suing an industry they have political differences with is repugnant to me. The fact that your campaign against this protective language consisted of overheated rhetoric, deception and falsehoods is disturbing.”[84]
The resignations of Kevin Jackson and Jared Fuhriman left the state of Idaho completely unrepresented in the organization, and Alaska with just one representative mayor. Since Mayor Rocky Anderson of Salt Lake City left office, it has also left Utah unrepresented. Mayor Kathy Taylor of Tulsa, Oklahoma has announced that she will not seek re-election[85], and as of September, 2009, her name has been removed from the coalition’s roster. This also leaves Oklahoma unrepresented. According to the U.S. Conference of Mayors there are 1,201 cities in the US with a population of 30,000 or more that are headed by mayors.[86] Several of the mayors in the Mayors Against Illegal Guns Coalition represent even smaller towns and cities–particularly in New Jersey and Pennsylvania, which are disproportionately represented.
Legislative Initiatives
With the stated goal of reducing the number of straw purchase of guns, the coalition has favored new legislation to require mandatory reporting of lost or stolen guns.[87] As of September, 2009, seven states (Connecticut, Massachusetts, Michigan, New Jersey, New York, Ohio and Rhode Island) and the District of Columbia have laws criminalizing failure to report lost and stolen guns to law enforcement. Several other states and local governments are working to pass similar laws.[88] Critics counter that straw purchases are already illegal, and hence mandatory theft and loss reporting laws are redundant.[89]
Former prosecuting attorney C.D. Michel analyzed mandatory reporting laws, using one in Ventura County, California as an example: “Ironically, the ordinance cannot be used against the real bad guys. No law can compel lawbreakers to report themselves. So a straw purchaser who legally buys a gun cannot be compelled to report that he resold it illegally. And since it wasn’t actually lost or stolen, he hasn’t violated the ordinance. Similarly, if a felon prohibited from possessing a gun illegally possesses one anyway, and it is lost or stolen, he can be prosecuted for having the gun in the first place, but cannot be prosecuted for failing to incriminate himself by reporting the loss. Enforcement of these ordinances places prosecutors in a precarious legal and ethical position. Say a straw-purchaser’s gun is recovered at a crime scene and traced back to him. If he lies to police claiming his gun was “stolen” when he really sold it on the black market, will we nonetheless prosecute him for something he did not do (fail to report the “stolen” gun — which wasn’t actually stolen) but to which he “confessed”? Ethics and legality aside, securing a misdemeanor conviction for failing to report a theft (that never occurred) likely prohibits prosecuting the straw purchaser for the more serious felony black market sale or for making a false statement to police. Perhaps worse, gun owners who truly are burglary victims must now hesitate to speak with police if their stolen gun is recovered at a crime scene. If the gun owner failed to report the loss at all, or on time, she faces possible criminal prosecution if she cooperates with police investigating the recovered gun. She should remain silent, get a lawyer and seek immunity first. Legal representation may also be appropriate when a gun is first discovered missing. The owner can be prosecuted if the theft is not reported within 48 hours of when the owner “should have known” the gun was missing. Proponents have made clear they believe “responsible” gun owners should know where their gun is at every single moment and “should know” a gun is gone immediately. And the fear of prosecution will encourage those who miss the 48-hour window not to report the loss at all. Effectively, these ordinances place the legitimate gun owner in jeopardy of prosecution for becoming a victim of a crime. In light of these liabilities, gun-rights groups and the criminal-defense bar have begun advising gun owners — who would ordinarily be happy to assist police with their investigation — that they need a lawyer if they are contacted by police.”[90]
http://www.conservapedia.com/Mayors_Against_Illegal_Guns
Posted in Current Events, Firearms, News, Personal Freedom, Politics, Surivial, Tyranny
Tagged 2nd Amendment, Aerosmith, Alabama, Alaska, Albany, Anchorage, armed bodyguards, Arthur Ochs Sulzberger, assault weapons ban, Banning ammunition, Banning magazines, Barry Slotnick, Big Government, Bill Haslam, Bill White, black market, Bob Barr, bribery, Buford Pusser, C.D. Michel, California, Carmel, carry permits, Chicago Sun-Times, Citizens Committee for the Right to Keep and Bear Arms, Clinton Administration, concealed weapon, confiscated firearms, Connecticut, Conspiracy, Constitution, crime witnesses, D.C. v. Heller, Dave Munson, David Della Donna, David Kopel, Democrats, District of Columbia, District of Columbia’s 1976 handgun ban, Don Imus, Donald Trump, Donald Trump Jr, Eddie Perez, Edward M. Burke, Ernest B. Wiggins, Eugene Sawyer, extortion, FBI, Fernando Mateo, Firearms, Florida, Frank Melton, fraud, Freedom, Gary Becker, Georgia, Gerald Jennings, Gun Control, Guttenberg, Harry Moore, Hartford, Harvey Keitel, Hired Truck scandal, Houston, Houston Chronicle, Howard Stern, Hurricane Katrina, Idaho, Idaho Falls, Indiana, Isaac Perlmutter, James "Jim" Laski, James Brainard, Janet DiFiore, Jared Fuhriman, Jennings, Jerramiah Healy, Joe Bruno, John Roland, Judy Rice, Kathy Taylor, Kevin Jackson, Knoxville, Kwame Kilpatrick, Larry Langford, Laski, law enforcement officers, Madeira Beach, MAIG, Mark Begich, Marlene Anielski, Martin Bregman, Marvel Comics, Mary B. Wolf, Massachusetts, Mayors of America, Mexico, Michael Bloomberg, Michael Korda, Michigan, money laundering, National Rifle Association, New Jersey, New Mexico, New Orleans, New York, New York City, New York Sun, New York Times, NRA, Obama, Ohio, Oklahoma, Oldmans Township, Passaic, Patricia Shontz, Penal Law 400, Pennsylvania, Police Department, Police Union, Queens, Racine, Raoul Felder, Ray Nagin, Raymond W. Kelly, Rhode Island, Richard A. Brown, Richard M. Daley, Rio Rancho, Robert De Niro, Robert Forbes, Rocky Anderson, Ronald Lauder, Salt Lake City, Samuel Rivera, SEC, Second Amendment, Senate, Sheila Dixon, Sioux Falls, Smyrna, South Dakota, stalking victims, Steven Tyler, straw purchase, Tennessee, Texas, The New York Post, Thomas Menino, Tommy Mottola, Totalitarian Government, Tulsa, Tuscaloosa, U.S. Conference of Mayors, US Supreme Court, Utah, Ventura County, Walton Hills, Warsaw, Washington, Westchester County, Will Wynn, Williamsport, Wisconsin
“Nothing good can come from the Federal Reserve,” writes Texas Congressman Ron Paul in his latest book hitting shelves this week, titled “End the Fed.”
“It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.”
Paul makes the case that the Fed is the main culprit responsible for the current economic mess the country faces through the destructive policies of cheap credit and excessive money printing.
“Prosperity can never be achieved by cheap credit,” says Paul. “If that were so, no one would have to work for a living. Inflated prices only deceive one into believing that real wealth has been created.”
The Federal Reserve, created in 1913, has been acting as the main central bank of the United States for nearly one hundred years. Many Americans are either not sure or not interested in what role the Fed plays in managing the economy. “The economic crisis has changed everything,” writes Congressman Paul.
Paul is currently pushing for passage of a bill, H.R. 1207, that would allow for an unprecedented audit of the Federal Reserve. The bill has 289 co-sponsors, and is gaining solid momentum in the House of Representatives.
“The worse the economy gets, the more power Congress is willing to grant to the Federal Reserve. Trillions of dollars created and distributed by the Fed with no requirement to submit to any oversight” argues Congressman Paul.
“End the Fed“ is a sharp counter to Keynesian economic theory, and takes aim at the hazards of a managed economy.
Paul, a strong advocate of free-markets and the Austrian school of economics counters those looking to blame the near collapse of the financial system on capitalism by penning, “Manipulating the money supply and interest rates rejects all the principles of the free market, and so it cannot be said that too free a market caused this mess. The market was not free at all. It was manipulated and distorted.”
Paul writes, “The Fed is using all its power to drive the monetary base to unprecedented heights, creating trillions in new money out of thin air. From April 2008 to April 2009, the adjusted monetary base shot up from $856 billion to an unbelievable $1.749 trillion. Was there any new wealth created? New production? No, this was the Ben Bernanke printing press at work. If you and I did anything similar, we would be called counterfeiters and be sent away for a lifetime in prison. But, when the Fed does it – complete with a scientific gloss – it is seen as the perfectly legal and responsible conduct of monetary policy.”
On the inflation front, Paul adds “It’s as if we still believe that money can be grown on trees, and we don’t stop to realize that if it did grow on trees, it would take on the value of leaves in the fall, to be either mulched or bagged and put in a landfill. That is to say, it would be worthless.”
You get the feeling after reading this book, that Paul sees his goal of cutting off the power of the Fed as attainable in the long run, but needed a “playbook” to help educate the general public as to why they should care, and what they should demand be done about it from their elected officials.
Paul writes, “When we unplug the Fed, the dollar will stop its long depreciating trend, international currency values will stop fluctuating wildly, banking will no longer be a dice game, and financial power will cease to gravitate toward a small circle of government-connected insiders.”
Ron Paul’s case for sound money policies and the end of “Fed domination” marches on, this time in hardcover.
Posted in Business, Current Events, Family, Investing, News, Personal Freedom, Politics, Surivial
Tagged Austrian, Austrian school of economics, Ben Bernanke, End the Fed, Federal Reserve, Freedom, H.R. 1207, House of Representatives, Keynesian, Keynesian economic theory, monetary base, monetary policy, money supply, Ron Paul
Unemployment rose in 27 U.S. states in August, with California and Nevada reaching record levels of joblessness.
Rhode Island rounded out the list of states with the highest level of unemployment since data began in 1976, the Labor Department reported today in Washington. California’s unemployment rate reached 12.2 percent and Nevada’s climbed to 13.2 percent.
The number of states with at least 10 percent unemployment fell to 14 from 15 as Indiana’s rate dropped below that threshold. The jobless rate nationally reached a 26-year high of 9.7 percent in August, the Labor Department reported earlier this month.
Unemployment in the District of Columbia also exceeded 10 percent, for a fourth consecutive month, rising to 11.1 percent from 10.6 percent.
Michigan, the heart of the U.S. auto industry, continued to surpass all states, with an unemployment rate of 15.2 percent in August, up from 15 percent. Nevada was second.
New York City’s seasonably adjusted unemployment rate jumped to 10.3 percent in August, the highest since May 1993, the state’s Labor Department reported yesterday. The rate was 9.5 percent in July and 5.9 percent in August 2008.
New York State’s jobless level increased to 9 percent, the highest since April 1983, from 8.6 percent in July, according to a release from the department.
New Jersey’s rate increased to 9.7 percent, the highest level since 1977, from 9.3 percent, the U.S. Labor Department report showed. Joblessness in Connecticut climbed to 8.1 percent from 7.8 percent.
Posted in Business, Current Events, News
Tagged Auto Industry, California, Connecticut, District of Columbia, Indiana, Labor Department, Michigan, Nevada, New Jersey, New York, New York City, Rhode Island, U.S. auto industry, Unemployment, Washington
Hawaiian employers will face a stunning jump in unemployment taxes next year, with the average amount paid per employee increasing to at least $1,040 annually from the $90 paid now.
The state said the dramatic rise in rates will take effect in April and comes as Hawaii’s unemployment trust fund plunges toward insolvency. The state has been paying out more in jobless benefits than it collects in unemployment taxes because of the slumping economy and jump in unemployment.
Employers yesterday said the enormous jump in unemployment taxes could damp an economic recovery and result in companies laying off workers to meet the increased costs or holding off on new hiring.
“It’s going to increase unemployment,” said Richard Botti, who represents more than 1,100 businesses as head of the Hawaii Food Industry Association and Legislative Information Services of Hawaii.
“The only way we can address it is either raise prices or terminate somebody so that person’s salary will cover the unemployment increase. It’s a slippery road we take.”
