The data that came out today confirms that there has been no economy recovery in the United States. The official unemployment was up and no jobs have been created in the last two months and housing prices are still falling. So what has all this stimulus money bought to the common working stiff? Seems to me that the stimulus just brought more speculation in the financial markets and it put the nation much further into debt. The Government is still projecting 3 percent growth for the rest of the year. But, it won’t happen. They do not have a clue.<\/p>\n
At this point in time the government is using smoke and mirrors to pay its debt obligations which are now about $14.5 trillion. They have to get a deal worked out that will pass both houses and the President by early next month or there will be a default on the national debt. I think they will work something out but the deal will be sneaky snaky and stupid (SSS).<\/p>\n
The SSS plan that they are hammering out may come up with $2 to$4 trillion in cuts over the next ten years through a combination of raising taxes (that they will label as fees), through projections like growth in revenue (that are not based on reality), and perhaps once again readjusting the cost of living index (CPI) to screw people on fixed incomes. (I am not kidding, some are now saying that our CPI over estimates inflation because if beef gets too high people can eat chicken. Or if the price of wine goes up people can switch to\u00a0 beer. If that roomy luxury car costs too much you can switch to a Honda Civic.)<\/p>\n
If some in government get their way inflation would not be based on what things actually cost it would be based on a market basket of generic substitutes pick by the government to replace pricier stuff. The fallacy should be obvious, after chicken gets too expensive they will substitute soy and after soy it will be dog food and after dog food you can just eat dirt like the Haitians. Likewise, if wine goes up you substitute beer and then I suppose you substitute soda and after that you substitute tap water. I suppose the car substitution will degenerate from luxury cars to Kia’s and then to used cars and finally to peddle bikes and foot-mobiles and mass transit (I might have exaggerated a bit here but I did not make this new proposed CPI up. This is the way that some of your representatives in government think. That substitution of the inferior for the superior in their price surveys is how some intend to limit the cost of living increase).<\/p>\n
Yes, the SSS in Washington think they can save many billions in Social Security, retirement benefits, Veterans benefits, Medicare, Medicaid and food stamps etc., by giving us even more phony CPI data than we already are fed. Yet, everyone on a fixed income today already knows that inflation is way understated for people that have to live on the basics to survive. (People cannot eat gadgets from China that they cannot afford to buy anyway.) Some other countries subsidize basics that people need to survive on. If government is going to understate what it costs for poor people to live by throwing in high-priced electronic devices that poor people could never buy at any price they might try subsidizing the basics or having separate CPI’s. One for the rich and one for those on fixed incomes. People on fixed incomes have not received a cost of living increase for two years and it is a deliberate lie for government to pretend that the cost of living did not go up for most people. Another lying scheme the SSS are going to use is to call more new taxes, “fees”.<\/strong> You get a picture of that every time you look at your phone bill with all those mandated “fees” that double the price of your phone service. Now think of government greatly expanding that on many things and you will get the picture.<\/p>\n What about the real cuts in the budget by the SSS? Don’t expect any. They might make some cuts by projecting unrealistic rates of growth over the next ten years but they really are not planning any major cuts in government. Many government agencies and agendas would have to be dissolved or cut in half to get to anything near a balanced budget and that is just not going to happen with this administration.<\/p>\n So what will really happen to our budget over the next ten years even if the SSS finds $2 to $4 trillions in savings? Our budget deficit over the next ten years even with a projected 3 percent growth rate scenario for the next 10 years will rise to $25 trillion and if you throw in a major war or another economic downturn you can double that. But even using that $25 trillion figure and with a projected unrealistically low intrust rate of 3 percent on our debt the interest on our national debt will be: – $25 Trillion x .03 or $750 billion a year<\/strong> by 2022<\/strong> – or more than our defense budget. Now, let’s get realistic because the $25 trillion projected debt ten years from now will in reality turn out to be more than $35 trillion. And even under normal historical times the interest rate on the debt will not be 3 percent it will be about 5 percent. Now do the math: – $35 trillion x .05\u00a0 = $1.75 trillion interest<\/strong> – or near what our entire revenue is now from all sources of income. And hey folks with\u00a0quantitative easing and the risk of default,\u00a0 it is more than likely that interest rates will actually get much higher than 5 percent and if that happens we will have to default on our debt.<\/p>\n So I said all that to say this, the SSS program with $2 to $4 trillion in cuts or raised revenue is not really addressing our long term debt problem. All it really is doing is letting the politicians save face for the 2012 elections. The crap is still going to hit the fan as soon as interest rates start rising (and they will). Greece is a prime example of what is going to happen in parts of Europe and the United States so keep your eye on it. The interest rate on the national debt in Greece is now 22 percent and some other countries in Europe are following in her footsteps. It could mean the end of the EU as a socialistic democracy. I expect to see a more authoritarian form of government rise in that area soon. It will be more like the old Roman Empire.<\/p>\n ————————————————————————————————————————————————<\/p>\n The second half of the year in the Middle East is going to be rather interesting. What will happen in Libya, Syria, Yemen, the elections in Egypt, and with the proposed creation of a Palestinian state? Will Iran have a nuclear test and will Israel respond? I really am not expecting an all out Middle East war this Fall because nobody is really in charge and there is little trust between the many factions. How long will Saudi Arabia wait to get nukes of their own from Pakistan if they believe Iran has them?<\/p>\n Like I said I am not expecting a major war in the Middle East this year but I cannot rule out 2012 or 2013. And it is almost inevitable that something major will happen seventy years from the creation of Israel in 2018 (perhaps the Psalm 83 war will start or conclude). I know that date seems so far away now but these things do have a way of dragging out. Even so, I think Iran will have to be dealt with shortly, and that will either come by Israel, the United States, a war with the Arabs or an internal revolution. This only makes sense since she is not mentioned as coming against Israel in the Psalm 83 war.<\/p>\n By the way, for the record, I think the Antichrist will not be associated with Islam. I think he better fits with the western conjectures about coming aliens or beings from another dimension. I think this demonic god\/man will come disguised as a god and will try to make man a demonic hybrid species through the Mark and all that might suggest.<\/p>\n The spiritual aspects that he will project will be appealing to those that believe they can physically and spiritually evolve to become gods themselves. Those sucked into this deception will be those that now dabble in New Age and New Spirituality pantheism. So I think those looking for Islam to fulfill the Beast role are being short-sighted, much like those before them that also found contemporary Antichrists to preach against.<\/p>\n As I implied elsewhere on this blog, when the angels are cast out of heaven they are going to be very attractive and people are going to love their message and they will believe them. It is going to be like the gods came back to earth and are showing humanity how they can evolve to a higher being like themselves. It is not going to be some Islam prophet pushing Sharia law on the world. People will worship the Antichrist because they will want to become like him.<\/p>\n ————————————————————————————————————————————————–<\/p>\n Right now if I had to place a bet on the Republican nominee I would have to bet on Rick Perry. But, I am not endorsing anyone at this point. I think Bachmann will take the early lead in Iowa but she is going to run into trouble in the big states. Romney is not a true conservative and tea party people better hammer that home unless they want another Tweedle-dum and Tweedle-dee<\/em> choice in 2012. If Perry decides to stay out I expect Huckleebee to come back in and run again on his Fair Tax agenda. I see a Perry-Huckleebee ticket as the most likely ticket to evolve.<\/p>\n The present income tax system is broken . It is unfair and it is nuts. Republicans should abandon it. No common person can understand this tax code and those that can afford tax professionals find ways to not pay their fair share. Along with any new Fair Tax system our representatives will have to come up with a law to force government to live within their budget except during times of actual nation emergency. Anything outside of the budget limits should require a super-majority vote in Congress.<\/p>\n ————————————————————————————————————————————————<\/p>\n I find it rather bazaar that the number one Christian selling book and all the buzz from church folks these days is about the account of Heaven from the perspective of a\u00a0 kid who claimed that he went there in a medical crises when he was about four years old. Actually the book was written by his pastor father and it took years to pump his kid for the information about Heaven detailed in this book and to get it in print. I am not going to get into theological issues in the book here. I have not read the book and I don’t intend to read the book because I have better things to do with my time than read about a four-year old’s account of Heaven. Even Paul would not tell us about the third Heaven experience that he had but when he came back he understood the gospel and gave us most of the New Testament. He also said it was unlawful to even speak of what He heard in Heaven. I guess Paul’s caution about speaking about heavenly things has now been superseded by a four-year old who can tell us the fluff about Heaven that he says he seen and heard.<\/p>\n Heck, Todd Bentley and others in the NAR claim to go to Heaven all the time. I wish I had a thousand bucks for everyone that claimed to have gone to Heaven or Hell and come back with different bazaar accounts.<\/p>\n My question is not about the kid’s experience, or why his Pastor father got obsessed over what he could extract from the kid after his near death experience. Nor do I find the Pastor’s long obsession to find out what Jesus looked like, by showing his kid different pictures of Jesus over the years, anything that is worth contemplation (I thought everyone knew that Jesus looked like a Norwegian since most hang those pictures of Jesus on their church walls). Just read the first chapter of Revelation and you will get a good description of what Jesus really looks like these days. I guess my real question is, what is wrong with the faith of Christians? Why does this kid’s Heaven experience give them the faith that they already should have or give them more faith?<\/p>\n One last point, why do people get all upset when I take a critical view of such claims? Is Heaven and their faith founded on the subjective testimony of a four-year old or on the word of God? With that statement I will take my heavenly wings (that the kid says we all have in Heaven) and fly off the subject before the millions of people who read this book (and hang on this kid’s every word about Heaven) hang me and then petition John the Baptist, Gabriel and Jesus to send me South. Even so, I am sure a Catholic 4-year-old would never have left Mary out of his own heavenly experience.<\/p>\n","protected":false},"excerpt":{"rendered":" The data that came out today confirms that there has been no economy recovery in the United States. The official unemployment was up and no jobs have been created in the last two months and housing prices are still falling. So what has all this stimulus money bought to the common working stiff? 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