Rick Santorum made the decision to “suspend” his campaign on Tuesday, leaving Mitt Romney, Ron Paul and Newt Gingrich as the remaining contenders for the Republican Presidential nominee. Now what?
Romney has long been declared by the GOP establishment and mainstream media as the definite front-runner in the race. But for the sake of the 24-hour news cycle, nearly every other candidate has been afforded a moment to relish in the limelight as his “rival” — every candidate, it seems, except Paul.
With Santorum’s exit, the “Paulbots,” “Paulites” or whatever the MSM have branded Paul’s supporters this week have become energized, and some pundits believe they have good reason. Throughout the primary season, Paul and his supporters have frequently decried the lack of media attention given to the candidate despite his campaign’s ability to organize and energize supporters in ways the other contenders could only hope to emulate. Read the rest of this entry »
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Earlier this week, Federal Reserve boss Ben Bernanke again warned that out of control borrowing and spending will eventually destroy the country.
Said Ben to the the Budget Committee:
Sustained high rates of government borrowing would both drain funds away from private investment and increase our debt to foreigners, with adverse long-run effects on U.S. output, incomes, and standards of living. Moreover, diminishing investor confidence that deficits will be brought under control would ultimately lead to sharply rising interest rates on government debt and, potentially, to broader financial turmoil. In a vicious circle, high and rising interest rates would cause debt-service payments on the federal debt to grow even faster, resulting in further increases in the debt-to-GDP ratio and making fiscal adjustment all the more difficult.
But here is something Bernanke didn’t mention – a large chunk of that debt is owed to the Federal Reserve. In February, the corporate media fessed up to this undeniable fact. From CNBC: Read the rest of this entry »
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A story in today’s Washington Post written by veteran columnist Al Kamen suggests that the Bilderberg Group may have a decisive role to play in picking Mitt Romney’s running mate, continuing a recent trend in which the secretive cabal has had a direct influence on the U.S. presidential election.
Kamen has been writing for the Washington Post for over three decades and also worked with Watergate icons Woodward and Bernstein, suggesting the title of his column, “In the loop,” has some meaning behind it.
Kamen remarks on how both President Obama and Hillary Clinton are heading to the Summit of the Americas this weekend in Cartagena, Colombia to meet with over 30 other heads of state. They will be joined by Senator Marco Rubio (R-Fla.), who has been touted as a potential VP having endorsed Mitt Romney last month. Read the rest of this entry »
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The U.S. tax code is a complete and utter abomination and it needs to be thrown out entirely. Nobody in their right mind would ever read the whole thing – it is over 3 million words long. Each year, Americans spend billions of hours and hundreds of billions of dollars trying to comply with federal tax requirements. Sadly, it is the honest, hard working Americans in the middle class that always get hit the hardest.
The tax code is absolutely riddled with loopholes that big corporations and the ultra-wealthy use to minimize their tax burdens as much as possible. Many poor people do not pay any income taxes at all. The dishonest are rewarded for cheating on their taxes (if they can get away with it) and the ultra-wealthy have moved trillions of dollars to offshore tax havens where they can avoid U.S. taxation altogether. Our system is incredibly unfair to the millions of hard working people in the middle class and upper middle class that drag themselves out of bed and go to work each day and try to do the right thing. In addition, the current U.S. tax system is incredibly inefficient, it diverts a tremendous amount of resources away from more valuable economic activities, and it has chased thousands of businesses and trillions of dollars out of the United States. The U.S. tax code is such a complete and utter mess at this point that it can never be “fixed”. The only rational thing to do is to abolish it completely, and any politician that tells you otherwise is lying to you. Read the rest of this entry »
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