The stark reality is that the United States is functionally bankrupt – the behemoth needs to shrink.
Tag Archives | Economy
From a look at the definition, “permanent” is an antonym of “temporary;” that is exactly what has become of other “temporary” tax increases throughout history.
In 1819 U.S. Supreme Court decision “McCullough v. Maryland,” Chief Justice John Marshall wrote, “An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation.”
“Live Free or Die” is the title of author and columnist Mark Steyn’s speech at Hillsdale College, reproduced in Imprimis (April 2009), a Hillsdale publication that’s free for the asking. Canadian born, now living in New Hampshire, Steyn has had firsthand experience with socialist tyranny in his home country that is rapidly becoming a part of America.
Comingling public control of private business is known as fascism. While todayâ€™s politicians may feel emboldened with all their new power, history will only repeat itself as all this collapses on itself.
It is taken for granted that government can do whatever it wants so long as those doing it seem to be acting in good faith and arenâ€™t benefitting too overtly.
Prior to 1937, Congressâ€™s role in the regulation of commerce was quite simply defined as the â€œmovement of goodsâ€ between states, and put most production and manufacturing outside of the regulatory power of Congress. This definition has essentially been abandoned ever since the Supreme Court, in 1937, upheld an act allowing Congress to regulate many aspects of labor through the National Labor Relations Board.
by Rep Ron Paul This week the House is expected to pass an $825 billion economic stimulus package.Â In reality, this bill is just an escalation of a government-created economic mess.Â Â As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate.Â So much [...]
by Perry Willis, DownsizeDC.org The stock market rises and then crashes. Housing prices soar and then plummet. The Federal Reserve causes these booms and busts by constantly expanding and contracting the supply of money and credit. Credit expansion by the Federal Reserve increases the demand for producer assets and investment instruments. This causes bubbles in [...]
by Rep Ron Paul The economic situation continues to deteriorate this week as past and future bailouts were discussed on Capitol Hill.Â The debate was over the accountability of already disbursed TARP money, and on whether or not to release remaining funds.Â Â Banks that had already been bailed out before are looking for more money [...]
by Rep Ron Paul The freedom to fail is an essential part of freedom.Â Government- provided financial security necessitates relinquishing the very essence of freedom.Â Last week, the big 3 American automakers came back to Capitol Hill with their hands out to the government.Â Congress spent this past week debating how much money to give [...]