John Quinn was one of the featured speakers at the Dec. 10 meeting of the South Dakota Tea Party Alliance. Quinn spoke about the American economy, what makes it great, and what holds it back. He also spoke about economic theory and how the political state of affairs affects the strength of our economy. This is the complete video of his presentation.
Read more ›Post Tagged with: "debt"
Putting the Paste Back in the Tube
Western Civilization burns while our Party of Power plays the fiat financial fiddle. Will we continue the shadow dance pretending we have a limited government or will we muster up the courage to tell our media enhance perpetually re-elected puppet master that he who pays the piper calls the tune? It is time for my generation to admit we have been ripped off for every cent ever extorted from us for Social Security, and the only way we can receive benefits is to have the government extort it from our children and give it to us.
Read more ›We don’t want to end up like Italy
Star Parker The Wall Street Journal calls the economic implosion now taking place in Europe “a crisis of the welfare state.” The latest European nation to hit the wall is Italy, where national debt is 120 percent of GDP. That is, for every dollar their national economy produces, they owe $1.20. The Journal calls this a crisis of the welfare state because the Italian national debt is well in excess of the ability of Italians to pay its obligations and is the direct result of excessive government spending. When the Republican presidential candidates were asked in the most recent debate if the United States should help bail out these bankrupt European nations, the consensus response was “no.” This, I believe, is the correct answer for two reasons. First, the way to deal with irresponsible behavior is not to find new ways to finance it but to demand responsible behavior. Second, […]
Read more ›Obama Has Gall to Lecture Europeans About Debt
President Barack Obama has a lot of gall, doesn’t he? There is definitely no shortage of hubris in this administration. After having run up trillions of dollars in new debt on unconstitutional and wasteful “porkulus” spending that was supposed to stimulate the American economy (and failed miserably, as we knew it would)… After having saddled the nation with trillions more in unconstitutional, wasteful spending on ObamaCare… After having refused to deal with the more than $14 TRILLION in debt this nation is staggering under… After having refused to deal with the unconstitutional, unsustainable and unworking welfare state that is consuming the prosperity of our nation… After having failed to even consider the only realistic plan to get our reckless spending and subsequent debt under control… After accumulating so much debt with no end to out-of-control spending in sight that even the communist Chinese are concerned… After having come up with […]
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