Wednesday, October 10, 2012
Larger Government & More Spending Doesn't Work
History tells us that more government spending is not the path to prosperity. Proponents of government spending often point to the New Deal as the model of success. In school, we were taught that Herbert Hoover’s austerity measures turned the stock market crash of 1929 into the Great Depression. Nothing could be further from the truth. Under Hoover, non-defense federal spending increased by 259% from 1929 to 1933. He started huge infrastructure projects and raised taxes on high earners. Even Franklin D. Roosevelt described Hoover’s spending as “extravagant and reckless” when campaigning for the presidency.
Despite the campaign rhetoric, FDR simply expanded the government spending, tax hikes and control over the economy. As a result, we had the longest period of economic misery in the history of our nation. In 1939, FDR’s own Secretary of Treasury, Henry Morganthau, said, “We have tried spending money. We are spending more than we have ever spent before and it does not work. ... after eight years of this Administration we have just as much unemployment as when we started. ... And an enormous debt to boot!” Unemployment remained above 17% in 1939. Many FDR apologists argue the economy took another dip in 1937 because the administration cut spending. However, data shows spending only fell $600 million from 1936 to 1937; less than one percent of the nation’s GDP.
IRAN's Nuclear Program - The Clock is Ticking
BY:
The recent collapse of Iran’s currency has led foreign policy experts to caution President Barack Obama’s administration against declarations that economic sanctions are the key to ending Tehran’s clandestine nuclear arms program.
Protests erupted in Tehran’s largest marketplace last week after Iran’s currency, the rial, plunged in value and lost about 40 percent of its worth against the U.S. dollar, according toreports.
The economic crisis led Obama administration officials to speculate that economic sanctions have reached a tipping point that could prompt the regime to cede its nuclear program.
Iran experts are skeptical of this view, however. They believe that economic sanctions alone cannot force Iran’s insulated leadership to reverse its nuclear course—and that sanctions could be accelerating Tehran’s nuclear ambitions.
“Sanctions are actually serving not just to collapse the Iranian economy, but to accelerate Iran’s nuclear program,” Clare Lopez, a former CIA operations officer, told the Washington Free Beacon.
Intelligence reports, including those issued by the International Atomic Energy Agency, show that Iran has accelerated its nuclear weapons-related research since last year. This is an indication that Tehran is rushing to build a nuke before sanctions ravage its economy, Lopez said.
http://freebeacon.com/the-clock-is-ticking/
http://freebeacon.com/the-clock-is-ticking/
Monday, October 1, 2012
Work New Prepping Skills Into Your Daily Living
During an emergency is NOT the time to be learning the skills of self sufficient survival.
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