Showing posts with label freddie mac. Show all posts
Showing posts with label freddie mac. Show all posts

Saturday, September 20, 2014

State Sucession

Short of a Convention of the States that institutes real reform and real limitations on the federal government's power, secession is the only other recourse we, the people, have from the overreaching federal, now national, government.

The findings of this Reuters/Ipsos poll are not surprising. The growth of Washington's power and wealth is easy to see. It grows regardless of which party is in power. We sit breathlessly each June waiting to hear what 9 lawyers deem constitutional. We allow 20% of our economy to be turned over to the feds despite the fact that socialized medicine produces worse results than our current system. Our national debt is approaching $18 trillion. Bush was "irresponsible and unpatriotic" for taking it from $5 trillion to $9 trillion. Our education system is a disaster. The list of federal failures and corruption is as long as the list of federal agencies: Postal Service, Fannie Mae, Social Security,  Medicare, Medicaid, Freddie Mac, Amtrak, Veteran's Affairs, the IRS, Obamacare, etc.

BEFORE A STATE CAN SERIOUSLY CONSIDER SECESSION, IT MUST WEAN ITSELF FROM DEPENDENCE ON THE FUNDS IT RECEIVES FROM THE FEDERAL GOVERNMENT and, of course, its citizens must wake up and demand change. Until then, we will get more of the same and worse.

http://www.reuters.com/article/2014/09/19/us-usa-secession-exclusive-idUSKBN0HE19U20140919

Wednesday, July 30, 2014

The Obama Slippery Slope

Since the Democrats have no problem with Obama using his pen and his phone to trample the Constitution by making dozens of changes to the Obamacare law, rewriting immigration law, using the EPA to regulate us to death, and cover up scandals that would make Nixon blush - IRS/Tea Party, Fast and Furious, Benghazi, NSA (to name a few), I am looking forward to the day when the next unprincipled, narcissistic, radical, agenda-driven, thin-skinned, asshole Republican President takes over the White House.

We can assume that Democrats will have no problem when the new GOP President uses his pen and phone to:


  • Reverse dozens of Obamacare provisions.
  • Cut all welfare payments for able-bodied recipients after 90 days.
  • Outlaw all abortions.
  • Cut the corporate income tax to 11%.
  • Fire the Federal Reserve Chairman and appoints someone who will stop the perpetual quantitative easing.
  • Abolish the Departments of Education, Transportation, and Commerce, HHS, the TSA, the EPA, the IRS, Homeland Security, Fannie Mae and Freddie Mac, and the USDA.
  • Order the military to the southern border.
  • Increase military spending by 50%.
  • Reverse whatever amnesty executive order Obama is about to hand down. 
  • Cut the budgets of all remaining government agencies by 20%.
  • End the practice of employers' withholding of income taxes. 
  • Privatize Social Security.
  • Sell 75% of all federal land owned in western states.
  • Fund the drilling for oil and natural gas in all 50 states.
  • Abolish the federal minimum wage.
  • Implement a flat tax. 
  • Withhold payment to the United Nations.
  • End all foreign aid with the exception of Israel and African nations.

Saturday, September 5, 2009

100% Failure Rate

I have documented much of this previously but, at this point, repetition is required to get the message across. The federal government has a 100% failure rate. Why do we, THE PEOPLE, continue to turn more and more of our lives over to them?

The U.S. Postal Service was established in 1775 - they've had 234 years to get it right; it is broke and, even though heavily subsidized, it can't compete with private sector - Fed Ex and UPS services.
Social Security was established in 1935 - they've had 74 years to get it right, it is broken and bankrupt
  • This program was doomed from the start. The first recipient, Ida Mae Fuller, contributed $25 and drew $23,000.
Fannie Mae was established in 1938 - they've had 71 years to get it right; it is broken.

Freddie Mac was established in 1970 - they've had 39 years to get it right; it is broken.


The War on Poverty was started in 1964 - they've had 45 years to get it right; $1 trillion of our hard-earned money is confiscated each year and transferred to "the poor"; it hasn't worked.

Medicare and Medicaid were established in 1965 - they've had 44 years to get it right; they are both broken and bankrupt. And now our government dares to mention them as models for all US health care.

AMTRAK was established in 1970 - they've had 39 years to get it right; last year they bailed it out as it continues to run at huge loss. Only the federal government would think transporting people via 100+ year old technology is a good business model.

This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO signs of working unless increasing the size of government was the goal . . . . Has it created a single new private sector job? Our national debt projections (approaching $10 trillion) have increased 400% in the last six months.

"Cash for Clunkers" was established in 2009 and went broke in 2009 - - after a large percentage of the cars purchased turned out to be produced by foreign companies. And don't worry about the dealers nationwide who are buried under bureaucratic paperwork demanded by a government that is not yet paying them what was promised.

So, with a perfect 100% failure rate, we are now supposed to turn the best health care system in the world over to government? The majority of the problems that do exist with the current system can be laid at the feet of government (federal and states) by way of the 2,000+ mandates on insurance companies and the skyrocketing cost of malpractice insurance due to our lack of tort reform.

Sure Mr. Obama, take over 17% of our economy! Why not one more governmental boondoggle? Only this time you will not be playing with our money, you will be playing with our lives.