26 May 2010

This Is Your Dollar On Obama - Pelosi


Before a leftist government can redistribute wealth, the wealth must first be created. Wealth creation typically occurs in the private sector, by persons who are motivated by self-interest. If the leftist government appropriates and redistributes wealth faster than it can be created by the private sector, the value of the overall economy will shrink -- regardless of government generated GDP statistics.
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA Today analysis of government data finds. At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.

The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. “This is really important,” Grimes says.

The recession has erased 8 million private jobs. Even before the downturn, private wages were eroding because of the substitution of health and pension benefits for taxable salaries.

...• Private wages. A record-low 41.9% of the nation’s personal income came from private wages and salaries in the first quarter, down from 44.6% when the recession began in December 2007.

•Government benefits. Individuals got 17.9% of their income from government programs in the first quarter, up from 14.2% when the recession started. Programs for the elderly, the poor and the unemployed all grew in cost and importance. An additional 9.8% of personal income was paid as wages to government employees.

...Economist Veronique de Rugy of the free-market Mercatus Center at George Mason University says the riots in Greece over cutting benefits to close a huge budget deficit are a warning about unsustainable income programs.

Economist David Henderson of the conservative Hoover Institution says a shift from private wages to government benefits saps the economy of dynamism. “People are paid for being rather than for producing,” he says. _ImpactLab (from USAToday)
And who is rioting in Greece (and soon Spain)? It is the public sector union freeloaders, who want to retire at age 55 to at least 30 years of leisure at taxpayers' (and the EU's and IMF's) expense.

American public sector unions are prepared to go to war to maintain their ill-won benefits -- even if it kills the productive private sector. Just like their violent cousins in Greece.

Public sector unions are bankrupting California, New Jersey, Illinois, Michigan, Ohio, and any other state where they can control who gets elected to the state assembly. It is a type of corruption that is very difficult to break and get rid of. Governor Chris Christie of New Jersey is making a heroic attempt to save the state from the corrupt partnership of unions and politicians.

Obama - Pelosi represents the epitome of union - political corruption. If unions are successful in placing judges, law enforcement personnel, and government attorneys under the union blanket, there will be no way for a citizen to receive justice when abused by union aggression and violence.

When an entire nation becomes psychologically neotenised, academically lobotomised, and media zombified -- when the nation becomes an idiocracy -- it elects a government like Obama Pelosi. Unless concerned citizens move quickly to correct their mistake, it becomes irrevocable.

Labels: ,

Bookmark and Share


Blogger George said...

We are well on our way to the path the progressives have planned for us.

I'd like to send a Pocket Constitution to our current President and ask him to spend a few minutes reading it.

I'd most likely be labeled as an insurrectionist but since I live 60 miles from nowhere and 6 feet from hell and FedEx can't find me it make take a while for those SS people to find me.

What the hell, I can afford a couple stamps.

Wednesday, 26 May, 2010  
Blogger LarryD said...

On a related note:
"Recent research at Harvard Business School began with the premise that as a state's congressional delegation grew in stature and power in Washington, D.C., local businesses would benefit from the increased federal spending sure to come their way."

"It turned out quite the opposite. In fact, professors Lauren Cohen, Joshua Coval, and Christopher Malloy discovered to their surprise that companies experienced lower sales and retrenched by cutting payroll, R&D, and other expenses. Indeed, in the years that followed a congressman's ascendancy to the chairmanship of a powerful committee, the average firm in his state cut back capital expenditures by roughly 15 percent, according to their working paper, "Do Powerful Politicians Cause Corporate Downsizing?""

It gets worse.

"... It is important to note that our research ignores all costs associated with paying for the spending such as higher taxes or increased borrowing. From the perspective of the target state, the funds are essentially free, ..."

Thursday, 27 May, 2010  

Post a Comment

“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

<< Home

Newer Posts Older Posts