Posted: 19 Jul 2017 Michael Snyder THE ECONOMIC COLLAPSE BLOG
If you have ever wondered why our leaders in Washington D.C. seem to act so strangely, the truth is that it almost always comes down to just one thing. It has been said that “money makes the world go round”, and that is definitely true in Washington. This year the federal government will spend more than 4 trillion dollars, and that represents well over one-fifth of our national GDP. With so much money coming in and so much money going out, the stakes are incredibly high, and that is why so much money is poured into political campaigns on the national level. And it shouldn’t surprise anyone that those that live the closest to this gigantic money machine have benefited greatly. Forbes just released their brand new rankings for 2017, and they found that five out of the top 10 wealthiest counties in the entire country are suburbs of Washington D.C.… Virginia’s Loudoun County holds the title of the nation’s richest county with a median household income of $125,900. While nearly 10,000 residents commute to the District, according to Forbes, about 11,700 businesses employ 161,000 county residents, with Dulles International Airport, Loudoun County Public Schools and the Department of Homeland Security leading that charge.In general, salaries for federal workers are significantly higher than in the private sector, and benefit packages are usually much better. But in addition to having a very high concentration of federal workers, the D.C. area is also home to hordes of lawyers, lobbyists, defense contractors and other government vendors. Big government means big business for those guys, and business has been very good in recent years… The federal government has a lot to do with this: The Capitol and the economy orbiting around it (including lawyers, defense contractors, computer engineers along the Dulles Corridor, and doctors near NIH) attract college graduates who reliably contribute to six-figure households. Crucially, there was a $1.7 billion increase in lobbying between 1998 and 2010, as Dylan Matthews explained. With each $1 million of lobbying “associated with a $3.70 increase in the D.C. wage premium,” the money pouring into Washington wound up in the pockets of its residents.This certainly isn’t the limited government that our founders intended. So where did we go wrong? One of the big turning points came in 1913. That is the year when the Federal Reserve and the modern version of the income tax were established. The Federal Reserve was designed by the elite to get the federal government very deeply into debt, and an income tax was needed to help service that debt and to help pay for the much larger government that the progressives were wanting. Back then, D.C. was nothing like it is today. In fact, even in the 1970s there were still large farms inside the Beltway. But the federal government just kept getting bigger and bigger and bigger, and now it is a four trillion dollar monstrosity. What I believe we should do is to dismantle as much of that monstrosity as we possibly can. Instead of asking which government agencies we should close, I believe that we should be asking which government agencies we really need to leave open. A great place to start would be by abolishing the Federal Reserve, the IRS and the income tax. Those institutions are at the very core of the Washington money machine, and so it would essentially be like tearing the heart out of big government. And don’t worry, the federal government would still have plenty of money coming in. The individual income tax only accounts for about 46 percent of all federal revenue, and theoretically we could still have an absolutely enormous federal government without an income tax. I once wrote an article that listed 97 different ways that various levels of government get money out of us each year, and so getting rid of the federal income tax would still leave 96 ways for the politicians to extract money from us. As I remind my readers so frequently, the greatest period of economic growth in U.S. history was when there was no income tax and no central bank. But I know that a lot of people out there love the 1.33 percent average yearly GDP growth rate that we have been experiencing over the past decade and would have a really hard time giving that up. Unfortunately, it would actually be a very tough transition to a much more limited federal government because so much of our society is geared around the enormous money machine in Washington. In 2018, more than a billion dollars will be spent on the mid-term elections, and most of that money will be going to incumbents that are committed to maintaining the status quo. If we ever want things to really start changing in Washington, we have got to start sending people there that haven’t been bought off by the big money interests. In my congressional district there is no incumbent running in 2018, and nobody else in the race is nearly as conservative as I am. But since I can’t be bought by the special interests, I am going to have to rely on grassroots support. Donald Trump showed us that anything is possible in American politics. When Jeb Bush decided to run for president, he had an extremely long list of endorsements and a hundred million dollars behind him, and he still got trounced by Trump because Trump had a much stronger message. If we stand united, we can take our government back and there won’t be anything that the establishment will be able to do about it. But if we sit back and do nothing, the cesspool of corruption in Washington D.C. will just continue to get deeper and deeper. Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com. |
Standing in support of Israel, Jews, and believers in all the nations, in the name of Jesus (Yeshua). Sharing biblical truth, encouragement, news and prophecy.
Showing posts with label federal government. Show all posts
Showing posts with label federal government. Show all posts
Thursday, July 20, 2017
Washington D.C. Is Essentially Just A Gigantic Money Machine - Michael Snyder THE ECONOMIC COLLAPSE BLOG
Tuesday, June 27, 2017
The Federal Government Owns 61 Percent Of Idaho, 64 Percent Of Utah And 84 Percent Of Nevada - Michael Snyder THE ECONOMIC COLLAPSE BLOG
Posted: 26 Jun 2017 Michael Snyder THE ECONOMIC COLLAPSE BLOG
Did you know that the federal government owns 28 percent of all land in the United States? Today, the feds control approximately 640 million acres of land, and after decades of very poor management, many are calling on the states to take a larger role. This is particularly true in the 11 western states where the federal government collectively owns 47 percent of all land. East of the Mississippi River, the feds only own 4 percent of all land, and there is no reason for such a disparity to exist. In Connecticut and Iowa, the federal government only owns 0.3 percent of all land. Such an arrangement seems to work very well for those states, and so why can’t we dramatically reduce federal land ownership in the western states as well? Of course the federal government will always need a very small amount of land for certain national purposes, and nobody is disputing that. According to the Heritage Foundation, the following are the primary purposes that federal land is being used for… These holdings include national parks, national forests, recreation areas, wildlife refuges, vast tracts of range and wasteland managed by the Bureau of Land Management, reservations held in trust for Native American tribes, military bases, and ordinary federal buildings and installations.We will always need to have some land set aside for those purposes. But does the Bureau Of Land Management really need more than 247 million acres? Does the Forest Service really need more than 192 million acres? Does the Fish and Wildlife Service really need more than 89 million acres? If the feds were doing a good job, that would be one thing, but in so many instances federal land managers have gotten an extremely bad reputation. The following comes from an article by Sue Lani Madsen… For example, federal land is exempt from state noxious weed control laws, and lack of weed control has earned federal land a reputation as a bad neighbor. Frustrated local federal land managers are hindered by layers of internal regulations and restricted funding that make timely response to weed outbreaks difficult.And thanks to mismanagement by the feds, wildfires tend to spread very rapidly in many areas owned and controlled by the federal government. At this point more than 2.6 million acres of land have already burned in 2017, and that is close to 30 percent ahead of last year’s pace. If you have never lived in a western state, it may be difficult for you to imagine just how frustrating it is to have the federal government in control of vast stretches of your state. In so many cases the feds simply do not care about local issues or concerns, and when they drop the ball there is often very little that can be done about it. According to Ballotpedia, the federal government owns more than 28 percent of the land in 12 different western states… Washington: 28.5 percent Montana: 29.0 percent New Mexico: 34.7 percent Colorado: 35.9 percent Arizona: 38.6 percent California: 45.8 percent Wyoming: 48.1 percent Oregon: 52.9 percent Alaska: 61.2 percent Idaho: 61.6 percent Utah: 64.9 percent Nevada: 84.9 percent Here in Idaho, we are glad to have so much public land because it is a wonderful thing for hunters, fishers, hikers and those that enjoy other outdoor activities. So we want to continue our tradition of having wide open spaces that are owned by the public – we just want the federal government to hand over the keys and leave. We believe that Idaho land should be owned by the people of Idaho, and we believe that Idaho’s natural resources should be managed by the people of Idaho. Those that are against transferring ownership of federal land to the states often argue that it would be too expensive for the states to handle… Paying for wildfire protection alone—it accounts for about half of the U.S. Forest Service’s annual budget of $6.5 billion—would burden Western taxpayers, says the Center for Western Priorities, a conservation group.But one study found that it is actually profitable for states to manage their own public lands. Here is more from Sue Lani Madsen… A 2015 study by the Property and Environment Research Center, a free-market environmental think tank, consistently found state-managed land provided a return on every dollar spent while federal lands managed by the U.S. Forest Service and Bureau of Land Management cost more to operate than they return in revenue.At the end of the day, this is just another area where we need to readjust the balance of power between the states and the federal government. Our founders intended to create a system where the states had much more power than the central government, but instead that has become totally flipped around. Today, it is almost as if the 10th Amendment does not even exist. Most of the time the federal government treats state governments as little more than puppets, and very few state governments have the backbone to stand up for themselves. As conservatives, we need to start standing up against the costly federal mandates that are imposing such a financial burden on our state governments. We want control of our own laws and our own budgets. It is also time for the feds to get off the backs of our farmers, our miners, our loggers and our ranchers. Some of the most abusive federal agencies, such as the EPA, need to be shut down entirely. And if our local communities do not want to take Islamic refugees from the Middle East, they should not be forced to do so by the federal government. Here in Idaho, three young Islamic refugees raped a 5-year-old girl, and yet the federal government does not seem to care about our outrage. Recently, I have been talking to so many people that just want the federal government to leave us alone. Instead of solving our problems, most of the time the federal government is the problem, and things would be so much better if the feds would just stay out of our business. |
Wednesday, June 21, 2017
69 Percent Of Americans Do Not Have An Adequate Emergency Fund - Michael Snyder THE ECONOMIC COLLAPSE BLOG
Posted: 20 Jun 2017 Michael Snyder THE ECONOMIC COLLAPSE BLOG
Do you have an emergency fund? If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country.
I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially. Back in 2008 when the economy tanked and millions of people lost their jobs, large numbers of Americans suddenly couldn’t pay their bills because they were living paycheck to paycheck.
Now the stage is set for it to happen again. Another major recession is going to happen at some point, and when it does millions of people are going to get blindsided by it.
Despite all of our emphasis on education, we never seem to teach our young people how to handle money. But this is one of the most basic skills that everyone needs. Personally, I went through high school, college and law school without ever being taught about the dangers of going into debt or the importance of saving money.
If you are ever going to build any wealth, you have got to spend less than you earn. That is just basic common sense. Unfortunately, nearly one out of every four Americans does not have even a single penny in emergency savings…
Unfortunately, that same Bankrate survey found that only 31 percent of Americans actually have such a cushion…
So what is going to happen if another great crisis arrives and millions of people suddenly lose their jobs?
Just like last time, mortgage defaults will start soaring and countless numbers of families will lose their homes.
If you do not have anything to fall back on, you can lose your spot in the middle class really fast. And in the case of a truly catastrophic national crisis, trying to operate without any money at all is going to be exceedingly challenging.
Just recently, the Federal Reserve conducted a survey that discovered that 44 percent of all Americans do not even have enough money “to cover an unexpected $400 expense”.
That is almost half the country.
And a different survey by CareerBuilder found that 75 percent of all Americans have lived paycheck to paycheck “at least some of the time”.
Unfortunately, in a desperate attempt to make ends meet many of us continue to pile up more and more debt. According to Moneyish, Americans have now accumulated more than a trillion dollars of credit card debt, more than a trillion dollars of student loan debt, and more than a trillion dollars of auto loan debt.
We often criticize the federal government for being nearly 20 trillion dollars in debt. And that criticism is definitely valid. What we are doing to future generations of Americans is beyond criminal.
But are we not doing something similar to ourselves?
When you divide the total amount of consumer debt by the size of the U.S. population, it breaks down to roughly $40,000 for every man, woman and child in our country.
When someone lends you money, you have to pay back more than you originally borrow. And in the case of high interest debt, you can end up paying back several times what you originally borrowed.
If you carry a balance from month to month on a high interest credit card, it is absolutely crippling you financially. But many Americans don’t understand this. Instead, they just keep sending off the “minimum payment” every month because that is the easiest thing to do.
If you ever want to achieve financial freedom, you have got to get rid of your toxic debts. There are some forms of low interest debt, such as mortgage debt, that are not going to financially cripple you. But anything with a high rate of interest you will want to pay off as soon as possible.
And everyone needs a financial cushion. Unless you can guarantee that your life is always going to go super smoothly and you are never going to have any problems, you need an emergency fund to fall back on.
Yes, you may need to make some sacrifices in order to make that happen. Nobody ever said that it would be easy. But just about everyone has somewhere that a little “belt tightening” can be done, and in the long-term it will be worth it.
When you don’t have to constantly worry about how you are going to pay the bills next month, it will help you sleep a lot easier at night. Many of us have put a lot of unnecessary stress on ourselves by spending money that we didn’t have for things that we really didn’t need.
And now is the time to get your financial house in order, because it appears that another major economic downturn is not too far away.
I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially. Back in 2008 when the economy tanked and millions of people lost their jobs, large numbers of Americans suddenly couldn’t pay their bills because they were living paycheck to paycheck.
Now the stage is set for it to happen again. Another major recession is going to happen at some point, and when it does millions of people are going to get blindsided by it.
Despite all of our emphasis on education, we never seem to teach our young people how to handle money. But this is one of the most basic skills that everyone needs. Personally, I went through high school, college and law school without ever being taught about the dangers of going into debt or the importance of saving money.
If you are ever going to build any wealth, you have got to spend less than you earn. That is just basic common sense. Unfortunately, nearly one out of every four Americans does not have even a single penny in emergency savings…
Bankrate’s newly released June Financial Security Index survey indicates that 24 percent of Americans have not saved any money at all for their emergency funds.For years, I have been telling my readers that at a minimum they need to have an emergency fund that can cover at least six months of expenses. It is great to have more than that, but everyone should strive to have at least a six month cushion.
This is despite experts recommending that people strive for a savings cushion equivalent to the amount needed to cover three to six months’ worth of expenses.
Unfortunately, that same Bankrate survey found that only 31 percent of Americans actually have such a cushion…
The June survey also found that 31 percent of Americans have what Bankrate considers an ‘adequate’ savings cushion — six or more months’ worth of money to pay expenses — which means that nearly two-thirds of the country isn’t saving enough money.That means that a whopping 69 percent of all Americans do not have an adequate emergency fund.
So what is going to happen if another great crisis arrives and millions of people suddenly lose their jobs?
Just like last time, mortgage defaults will start soaring and countless numbers of families will lose their homes.
If you do not have anything to fall back on, you can lose your spot in the middle class really fast. And in the case of a truly catastrophic national crisis, trying to operate without any money at all is going to be exceedingly challenging.
Just recently, the Federal Reserve conducted a survey that discovered that 44 percent of all Americans do not even have enough money “to cover an unexpected $400 expense”.
That is almost half the country.
And a different survey by CareerBuilder found that 75 percent of all Americans have lived paycheck to paycheck “at least some of the time”.
Unfortunately, in a desperate attempt to make ends meet many of us continue to pile up more and more debt. According to Moneyish, Americans have now accumulated more than a trillion dollars of credit card debt, more than a trillion dollars of student loan debt, and more than a trillion dollars of auto loan debt.
We’ve racked up $1 trillion in credit card debt — and that’s just a fraction of what we owe. That’s according to data released this year from the Federal Reserve, which found that U.S. consumers owe $1.0004 trillion on their cards, up 6.2% from a year ago; this is the highest amount owed since January 2009. What’s more, this isn’t the only consumer debt to top $1 trillion. We now also owe more than $1 trillion for our cars, and for our student loans, the data showed.Overall, U.S. consumers are now more than 12 trillion dollars in debt.
We often criticize the federal government for being nearly 20 trillion dollars in debt. And that criticism is definitely valid. What we are doing to future generations of Americans is beyond criminal.
But are we not doing something similar to ourselves?
When you divide the total amount of consumer debt by the size of the U.S. population, it breaks down to roughly $40,000 for every man, woman and child in our country.
When someone lends you money, you have to pay back more than you originally borrow. And in the case of high interest debt, you can end up paying back several times what you originally borrowed.
If you carry a balance from month to month on a high interest credit card, it is absolutely crippling you financially. But many Americans don’t understand this. Instead, they just keep sending off the “minimum payment” every month because that is the easiest thing to do.
If you ever want to achieve financial freedom, you have got to get rid of your toxic debts. There are some forms of low interest debt, such as mortgage debt, that are not going to financially cripple you. But anything with a high rate of interest you will want to pay off as soon as possible.
And everyone needs a financial cushion. Unless you can guarantee that your life is always going to go super smoothly and you are never going to have any problems, you need an emergency fund to fall back on.
Yes, you may need to make some sacrifices in order to make that happen. Nobody ever said that it would be easy. But just about everyone has somewhere that a little “belt tightening” can be done, and in the long-term it will be worth it.
When you don’t have to constantly worry about how you are going to pay the bills next month, it will help you sleep a lot easier at night. Many of us have put a lot of unnecessary stress on ourselves by spending money that we didn’t have for things that we really didn’t need.
And now is the time to get your financial house in order, because it appears that another major economic downturn is not too far away.
Friday, September 19, 2014
Urgent Warning: ISIS Coming to America - The 'Gate of Hell' that has been opened
Rick Joyner- Urgent Warning: ISIS Coming to America
- The 'Gate of Hell' that has been opened
Rick Joyner
Friday, September 19, 2014
Today on Rick Joyner’s show, Prophetic Perspectives, Rick shares the troubling dream he had last night about ISIS’s plans in America and how martial law may save us. In this episode, you will learn:
- What ISIS in America may look like
- What that may mean for you and your family
- How to prepare
- How this crisis can be avoided
- How to pray for our national leaders, as well as local government, specifically sheriffs
- How to remain in peace during this troubling time
This is a message you don’t want to miss. For future information on this topic and other prophetic revelation from Rick Joyner, sign up today for Prophetic Perspective email notifications. Also watch, Rick Joyner’s recent episode entitled “We are going to Heaven.”
To purchase the book about Rick's 1987 prophecy "The Harvest" click HERE.
Watch here: http://www.morningstartv.com/prophetic-perspective-current-events/urgent-warning-isis-coming-america-gate-hell-has-been-opened?trk_msg=CU1761U1EM549B5IMV6FER23D8&trk_contact=F41MQJBCTS9IVBBVVCQR0AU6VO&utm_source=Listrak&utm_medium=Email&utm_term=http%3a%2f%2fwww.morningstartv.com%2fprophetic-perspective-current-events%2furgent-warning-isis-coming-america-gate-hell-has-been-opened&utm_campaign=URGENT+WARNING%3a+ISIS+Coming+to+America+-+The+%22Gate+of+Hell%22+that+has+been+opened
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