Posted in Business, Current Events, Investing, Personal Freedom, Politics, Surivial, Taxes, Tyranny
Tagged Big Government, Communism, Communism For Dummies, Communist Party USA, Constitution, Democrats, Freedom, Glenn Beck, High Taxes, Lenin, Obama, Obamacare, Road to Socialism, Sam Webb, socialism, socialized medicine, Stalin, Stimulus Bill, Taxes, Totalitarian Government, Washington, White House
A friend of mine stumbled across material about Jews serving in the Lithuanian Army. You don’t hear much about this topic. Still a number of Lithuanian Jews even won the Cross of Vytis during the War of Independence. If you are interested in Lithuanian or Jewish history check out: http://www.jewishgen.org/yizkor/Dusetos/dus070.html
Posted in Lithuanian, Men
Tagged Cross of Vytis, Jewish history, Jews, Lithuanian Army, Lithuanian Jews, War of Independence
Posted in Business, Christianity, Current Events, Family, Food, Investing, Personal Freedom, Politics, Surivial, Taxes, Tyranny
Tagged Big Government, Constitution, Democrats, Freedom, Obama, Obamacare, socialism, socialized medicine, Stimulus Bill, Taxes, Totalitarian Government, US Supreme Court, Washington, White House
In a year of job losses, foreclosures and bag lunches, Americans have spent record-breaking amounts of money on guns and ammunition. The most obvious sign of their demand: empty ammunition shelves.
Gun owners have bought about 12 billion rounds of ammunition in the past year, industry officials estimate. That’s up from 7 billion to 10 billion in a normal year.
The rush for bullets, like this year’s increase in gun sales, says something about how suspicious the two sides in the gun-control debate are of each other, even at a time when the issue is on Washington’s back burner.
The Obama factor
Democrats prompt sales of both guns and ammo. The U.S. government taxes both to support wildlife conservation, and those receipts are on pace to set a record in 2009, according to Treasury Department data, with tax revenue due from guns up 42 percent and revenue due from ammunition at 49 percent.
For gun owners, the run on ammunition has created shortages and price increases on everything from cheap .22-caliber bullets used for target shooting to the expensive hollow-point 9mm rounds bought for home defense.
Reason for alarm?
“I think it’s Katrina. I think it’s terrorism. I think it’s crime. And I also think that it’s people worrying about [whether] they’ll be attacked by politicians,” said Wayne LaPierre, executive vice president of the National Rifle Association. “They’re suspicious, and justifiably so.”
Posted in Current Events, Firearms, News, Personal Freedom, Politics, Surivial, Taxes, Tyranny
Tagged 2nd Amendment, ammunition, assault weapons ban, Banning ammunition, Big Government, Clinton Administration, Constitution, D.C. v. Heller, Democrats, District of Columbia’s 1976 handgun ban, Firearms, Freedom, Gun Control, High Taxes, Katrina, National Rifle Association, NRA, Obama, Second Amendment, Totalitarian Government, Treasury Department, US Supreme Court, Wayne LaPierre, White House, wildlife conservation
CIT group, America’s leading specialist lender to small business, filed for Chapter 11 November 1st night in the fifth biggest bankruptcy in US history.
The collapse of the 101-year-old Utah-based lender, which trails behind only those of Lehman Brothers, Washington Mutual, Worldcom and General Motors in size, will leave US taxpayers with a $2.3 billion bill.
It is believed the board of CIT, which has $71 billion of loans, approved the filing after its creditors agreed a pre-packaged plan designed to ensure it emerges from bankruptcy with the core of its business intact.
Only last year, US financial regulators judged CIT sufficiently well-capitalized to survive. The lender was given access to $2.3 billion of funding under the Troubled Asset Relief Program (Tarp).
The bank’s collapse will be a blow for its million small and medium-sized customers, many in the retail sector, for whom sources of debt are scarce. Experts believe that, even if CIT can emerge intact from Chapter 11, its lending capacity could fall by 20 per cent.
The entire $2.3 billion Tarp loan is expected to be wiped out by the bankruptcy process. While the US Government helped other big non-bank lenders, including GMAC, General Motor’s finance arm, it rebuffed CIT’s subsequent bailout requests in July, concluding that its demise would not threaten the broad financial system.
Posted in Business, Current Events, Investing, News
Tagged CIT, General Motors, GMAC, Lehman Brothers, TARP, Troubled Asset Relief Program, Washington Mutual, Worldcom
