The one inescapable drag on the economy and every American taxpayer or government dependant is the interest obligation paid on the national debt. Indebtedness is nothing new to this country, but the inability to service the public debt stretches over the last half century. This trend is so disturbing that politicians spend every waking hour avoiding the consequences of the ultimate outcome, the demise of the currency. The reserve currency status that has allowed for effortless deficit spending has a day of reckoning. The final collapse of the global empire and superpower will smell more of financial evaporation than of a military defeat.
Democratic politics is a false premise experiment. The foundation of the modern liberalism, based upon an erroneous worldview, is a dead end ideology. Compared to the mad NeoCon war-mongering alternative, the fatal attraction of progressives, allures weak minded and desperate people into thinking government can provide solutions. Step back from the false left-right political discussions and focus upon the principles that make up sound and balanced standards for a civil society.
The New York State Public Service Commission draft (link for comments) from the New York State Board on Electric Generation Siting and the Environment for the proposed regulations to the Power NY Act 2011, known as Article X is deficient in its mandate. Since a SEQR review for electric generation projects that fall under the new regulations is no longer a requirement, New York State is effectively writing new regulations that abdicate the oversight role of the Department of Environmental Conservation. The motive to fast track permitting approval at the expense of environmental protection demonstrates a bias in favor of developer projects. Therefore, in order to establish an equitable balance in interests, it is prudent to include a comprehensive citizen participation process within the administrative structure of the DPS.
The horror stories about the Transportation Security Administration are indisputable. In the post 911 environment, civil liberties routinely ignored or eliminated, become a mere memory in a country that once prided itself as the beacon of freedom for the entire world. The TSA is part of the Department of Homeland Security. FEMA, the Federal Emergency Management Agency is also an agency of DHS. The public relation spin for the purpose of such authorities is to protect citizens and guard the nation. The reality is that DHS bureaus have the same mission, keep the government safe from potential real or imaginary threats. Interpret threats to mean anyone who opposes the establishment regime, now known as, the military-industrial-financial-security complex.
Once again, the practices of the “Too Big to Fail” banksters bring the financial money machine to the brink. The J.P. Morgan derivative losses and trading gambles by their “London Whale” demonstrates business as usual in the murky world of risk distortion. Even the vexing progressive Robert Reich makes an accurate assessment for breaking up the big banks and the resurrecting of Glass-Steagall.
“Word on the Street is that J.P. Morgan’s exposure is so large that it can’t dump these bad bets without affecting the market and losing even more money. And given its mammoth size and interlinked connections with every other financial institution, anything that shakes J.P. Morgan is likely to rock the rest of the Street.”
Debating the virtues and morality of accepting gay marriage unions is like discussing the merits of pedophiles catering head start parties for children. How one comes down on the comparison, usually depends upon your own personal value system and culture of acceptable conduct. The red herring of committing a “Hate Crime” for even having the cojones to raise the issue, exemplifies just how far society has sunk to abandon valid intellectual scrutiny. Audacity in the defense of Western Civilization traditions, ethics and, much less religious principles, is rapidly becoming a ubiquitous bias-motivated offense. Celebrating diversity has become accepting depravity.
Economic dislocation is an inherent element in any financial system. One way to deal with balance sheet imbalances is to declare bankruptcy. The most common examples of liquidating default without payment are to petition the court to absolve debt obligations. Personal bankruptcy is tragic, but is common in a culture where immediate consumer gratification is the end all of a private excess society. Business bankruptcy is different because the underlying enterprise assumes all the risks of engaging in commerce. Even prudent expenditures and sound business activities can go sour that ultimately results in insolvency.
There is immense confusion about the nature of the State. There is even more bewilderment about what constitutes a patriot. Any discussion in the civic realm begins with a cultural viewpoint. An attitude toward the proper role of the individual’s relationship with government based upon one’s value system and interpretation of civil order is natural. One man’s patriot is another man’s traitor. Where do you stand on the sentiments behind the penning of the below ideas? Quiz yourself and see if you can figure out the name of the author.
If your Main Street business needs capital and seeks a loan, your prospects are slim to none. It is evident that the real economy has never recovered from the collapse of the financial system. TARP was a temporary rescue of the large money center banks. For the local community banks, the massive give away has strings attached and penalties to be paid. Not much consolation for a small business endeavor that is desperate for cash and an improved business environment.