President Obama announced yesterday the latest market manipulation to favor veterans employment when it is this very type of tax manipulation that is destroying our Country. It's his attempt to appeal to big government Republicans. President Obama is making an outrageous assumption that the private sector would not hire and train folks coming home from active duty. http://www.breitbart.tv/obama-calls-for-reverse-boot-camp-jobs-prog
This is like the inner city pork for "jobs" and "training" that never produces sustainable employment. See his other "jobs" program promises here http://video.aol.com/aolvideo/aol-video/huffpost-politics-the-obama
Please note that the percentage of eligible people employed is the lowest it has been since 1984. Keep in mind that misdirection of investment is alive and well in both parties. See who helped fund crony capitalist in both parties for the 2012 elections here http://teapartywdc.ning.com/profiles/blogs/groups-orgs-and-politici
See Debbie Wasserman Schultz, head of the DNC, broadcast to the cronies on the right (transportation and development pork) that they'll get "theirs" in "investments" in public projects here http://www.realclearpolitics.com/video/2011/08/02/debbie_wasserman_ Misdirection to rebuild roads before we must or build more capacity before it's time again deprives the private sector and consumers of their ability to invest in their needs and business opportunities.
This Debt Ceiling deal funds both parties political money launderers and now those same cronies are pushing default through monetary easing. This again will suppress job creation and the continued government spending will and does drive unemployment. Our spending is now our biggest National Security threat. See Chistine Rommer, an Ex-Obama Economic advisor tell us "We're pretty darn f**ked" http://newsbusters.org/blogs/noel-sheppard/2011/08/06/former-obama-
The above list is incomplete. As any warrior should, look at primary source at all the critical votes that really determined the outcome in this Debt Ceiling Budget that was guaranteed to downgrade us. A superior military is an enumerated power and an imperative and it too should be able to eliminate the spending forced upon them for political money laundering purposes. See downgrade here http://news.yahoo.com/p-downgrades-us-credit-rating-080422314.html
If business could afford to do so we would hire veterans and the disabled as small businesses train and invest in their own employees. Government spending, regulation and tax manipulation is destroying the American people and hence the real jobs creators, small unsubsidized business, the remnant of the home of the brave and the land of the free.
We small businesses, entrepreneurs and innovators created two out of three jobs as we recover from the last seven recessions. This time it's different. We have the force of inflation, rising costs, weakened consumers, strangling regulation and a corrupt and relentlessly destructive political class.
So what is the alternative? How do we institute Fiscal responsibility, Constitutional limited government (the only "fair" way to cut) and Free markets? Free markets are regulated and over see by the lowest practical level of government and/or the individual. And to whatever degree government does regulate and oversee, government should NEVER engage directly or indirectly in the market as a participant.
It is the State, local govt, charity and the individual responsibility to care for the poor. we should only offer minimal, fully portable safety net benefits and privatize public schools, government, housing etc..and pay at minimal market rates. (This is different from the treatment of veterans benefits which allows privatization of VA facilities and fully portable benefits as the benefits are consider compensation and are more than the safety net.)
What happens if we cut government spending under our current revenue stream currently at 14.4% of GDP? This might be accomplished if they rewrite and pass a strong Balanced Budget Amendment. As above 19% government spending to GDP suppresses revenue below the average of 17.4% within a year or two (17.4% is the revenue average during the housing bubble as this is the new regulatory normal due to Dodd/Frank) we could still cap revenue at 18% and dedicate the 3-4% difference to paying debt and contracting the monetary base.
So what happens when we cut? Look at history when President Calvin Coolidge cut 25% of government spending. Government and crony jobs were lost and within 18 months, job growth had exceeded jobs lost and if following Presidents had held the line on spending, the job growth would have continued. The math suggests that for every government job lost, three to five will form in the private sector depending on cash requirements. A flat lower tax would allow faster new job creation. Misdirected investment has a drastically lower multiplier than true supply and demand based free markets and an effective and limited but powerful foreign policy and military.
Rick Santelli makes some good points in the below video about why the Fed and politicians always come to the wrong conclusion (Bailing themselves and their cronies out) Garbage in/garbage out. http://www.breitbart.tv/santelli-vs-ezra-klein-on-economy/
However Santelli missed answering his question directly. Does he think monetary easing is an unjust solution and what is the just solution? The just solution is cut off the money constitutionally, pay down our debt and contract the monetary base.
The alternative is more spending, more unemployment and a slow fall into destitution for most of America. Monetary easing is another form of redistributing regulatory sanctioned bubble losses and invites the moral hazard that propagates corrupt “investments” that are unprofitable, unsustainable and inevitably require bailing out. It is unjust. Dodd/Frank enshrined Bailouts and redistribution of foolish risk and fraud to the taxpayer.
The math says for every govt/crony job lost, three to five will form in the private sector. The return is even greater when terrible anti-competitive regulation is rolled back and rewritten. If retiring and discharging military want opportunities and self-determination and want the dignity and power in self-reliance, independence and prosperity, than cutting government is the only way to go. I’d submit that soldiers are well positioned to be “value-added” because of the discipline and “warrior spirit” that can easily translate into a valuable asset in a free market.
Limited Government provides the economic regulatory environment where the most people get the most opportunity. All will benefit, even the poorest and most dependent.
Tea Party WDC