Serfdom

Forgive Us Our Debts

ATHOM A FEW FACTS about our flipping national debt. LBJ's Great Society and a few other distractions—like the Vietnam war—stormed into 1969 and the Nixon era with buckets of deficit spending. Since then, the national debt has grown dramatically each decade, as shown below: • In the 1970’s, the national debt more than doubled, from $366 billion to $829 billion. • In the 1980’s, the national debt more than tripled, from $829 billion to $2.9 trillion. • In the 1990’s, the national debt almost doubled again, from $2.9 trillion to $5.6 trillion. • In the 2000’s, the national debt is...

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Shards Of History Draw Blood (Shame, Redemption)

"...Centuries-long slavery obviously disrupted this classic pathway..." he what?? What pathway? The pathway that MOST Africans were and had long been on included selling each other into slavery, living in mud (and other soft) huts, cannibalism, no written language, no nuclear family[—in short, in NO way were blacks on any "glorious pathway" that approximated what they were introduced to THROUGH slavery. The slave trade flourished in the Arab World, specifically Western Asia, North Africa, East Africa and certain parts of Europe (such as Iberia and southern Italy) during the period of Arab domination. Those traded were not limited to a...


National Debt Made Simple

HE US CONGRESS SETS a federal budget every year (Before Obama*) in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective: * US income: $2,170,000,000,000 * Federal budget: $3,820,000,000,000 * New debt: $1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cut: $38,500,000,000 (about 1 percent of the budget) It helps to think about these numbers in terms that we can relate to, so let’s remove eight zeros from these numbers and pretend this is the household budget for...


The Obama War On the Middle Class

Ripped from the headlines at MSNBC: he GOP has their whole economic theory UPSIDE DOWN and DEAD WRONG. The reason tax revenues have plummeted is NOT because America is broke. Both corporate profits and GDP are ABOVE where they were in 2007. So why is there no tax revenue coming in? Because the money isn't going to WAGES, it's being siphoned off by the investor class.(See the chart) When workers are paid wages, 100% of that money goes back into the economy. They pay both income taxes and payroll taxes (which account for 36% of U.S. tax revenue), and they...


Nicking The "Late Feudalism" Attack Machine With The Vote

T TOOK ME A LONG TIME to realize that communism and socialism are just the rebirth of economic late feudalism. I kind of got it well enough before this one conversation, but it was something the son of a Cuban immigrant, whose father started his own small restaurant, that clarified it for me. It was simple: He said of the Europeans and their socialism, "Yeah. They want to have the money and not let anyone else get it." Doesn't sound profound, but it hit the nail on the head for me: These rich advocates of socialism and communism, like a...