Showing posts with label bailouts. Show all posts
Showing posts with label bailouts. Show all posts

Monday, December 10, 2012

Obama and Boehner meeting privately for "Fiscal Cliff" resolutions. Let's discuss... 2 men deciding U.S. future? Entitlements, what they are and are not. History: Banks entitled not people.

Over and over again we are hearing the words "Fiscal Cliff."   So funny how those words sprang up immediately after the election.  Yet during debates and pre-election coverage those two words were not formed together and that was less than one month ago.   Now all we hear are those two words in the media and from the government. 

We are hearing how Obama and Boehner are meeting in private to hammer out a resolution of the "Fiscal Cliff."

One side wants entitlement cuts and the other side wants raised taxes from what we hear.

Well lets first get one thing straight.  There are not really "two sides" there is one game being played with two teams that are stationed as "players" for the public.   The two teams are there to divide the public that is watching the game.  But when the public is not viewing the inside players lounge, they are not seeing how those two teams are actually one, the drama is just for show.   It is just like wrestling or a reality show.  It is all set up just for the "drama and show" of it. 

I have said this over and over again.  The left and right are there to make sure the public/citizens are divided and hate each other for what side they are on.   This way they get away with whatever they want to do.

Even the USA Wrestling organization has created a logo that shows the country divided with red and blue.  Yet wrestling is a laid out planned "who will win and who will lose" sport/game.   Doesn't that tell you something right there?  Can't you see it.....



Haven't you ever noticed no matter how much yelling and screaming ahead of any government laws to be voted on the "two teams" always get together and vote against the American public and do what is worst for the public?   Just think about past bills..... NDAA (govt. can kill/detain U.S. citizen on U.S. soil or anywhere now), Stimulus (2009), Bank bailout (TARP), etc.

Remember how much yelling and screaming of those bills, there was ahead of time by both "teams", yet all the team players on both sides came together to  push them through.

So be sure to understand that these "Fiscal Cliff" talks between Boehner and Obama are just for the game of it.  

But lets discuss that portion of the "game."   How in the hell did we get to this point of the "game" in allowing it to be between 2 men only?  How did we get to this point in allowing our future to be determined by 2 people that will affect 350 million?  

Let's think about that one.  Have we, "the public"  accepted that the game can be played on a micro level now that it is between 2 people to figure out?   NO, I don't believe we have!  I don't believe that we have as of yet allowed such a dictatorship to have that power (but we are close).

Now... all the media is throwing around the word "entitlements" once more in regards to the "fiscal cliff."   They are saying how entitlements to the public need to be cut.  

Last year I wrote about "Entitlements" and what they are and they are not!

Here is a little from that article - but I highly advice reading it for those who may not fully understand what Social Security is and how it is funded.  I have the history of it in the article.


BTW - from Social Security's website itself - shows  it has made 2+ TRILLION Dollars in excess than what it has ever paid out!
Every single person in the U.S. who works and gets a pay check are paying into Social Security.  Then on top of that all the money you paid into Social Security over the year you still have to pay full taxes on, even though the government took it for your "own good".  
Social Security was started in the 1935 by Roosevelt (yeah the same one of the Bretton Woods agreement and let the banks run wild and confiscated all the gold).   I am sure it was simply another way to get people's money out of their pockets and sold as a retirement nest egg that the government was going to keep safe for them.
Social Security is NOT a paid out benefit that comes from the government and has to be budgeted in!  It is it's own program that people are required by law to pay into.  It is NOT I repeat NOT an entitlement from the Government!
 
People need to fully understand it and educate themselves and not just allow the controlled mass media educate them. 

BUT now let's discuss what entitlements are and who are getting entitlements........

Question.... Who has gotten "free money" and has not had to pay a dime into a program to get that money over the last few years?

Let's think about that one.... including how the Federal Reserve had hidden trillions (16) in bailouts for the banks during the TARP time.  

So WHO is actually getting money and not having their taxes raised?  Figure it out yet?

Banks not paying back TARP money.  (This doesn't include the 16 trillion secretly/freely given out)

Fed audit reveals 16 Trillion secretly given to banks.

GE was given 140 billion in money (yep owns NBC and big media)
But what is even more infuriating about it all????  GE doesn't pay any taxes!  Outragous!

In fact you will find that all these banks and big corporations that get entitlements of Free money from the government and all of us... don't pay taxes! 

Yet... the media and the "game" of "Fiscal Cliff" that is being played is to stop the money that we have to pay into Social Security and Medicaid, etc... PLUS pay higher taxes. 

So... lets go over this....

Banks and corporations get entitlements and trillions of free money, they don't pay back and they don't have to pay taxes.  The government doesn't go after them nor do they hold them accountable.

Citizens of the United States that toil hard to pay their bills and not get kicked out on the street through foreclosure fraud of the banks and to keep their utilities on... besides having to pay into Social Security and other "entitlements" every pay check... are the ones the focus is on to cut the amount they get from what they have had to pay into AND get their taxes raised.

OH... what a country we live in!  Yet, people are not screaming and yelling about this.

Where is the critical thinking where is the common sense of Americans today?  

Why aren't people standing up and asking questions?

Do people really think the government (puppets) officials in Washington D.C. still work for the public's best interest?   They must, because they keep putting the same puppets back in office. 

When will people wake up to the game? 

The reality is... this "cliff" is not a fiscal cliff but it is a constitution cliff that we are at.  We are at the edge of allowing this country to go over the side of Democracy and become a dictatorship by allowing more control in fewer and fewer hands.  Now it is in the hands of two.

WOW.... I really didn't know when I became "awoke" that I would see the rest of the citizens being string pulled and led into the directions that are happening.  I didn't know that people would rather accept lies to what really is then to educate themselves on what is truth (which is not what MSM broadcast). 

So.... does in anyone really think this "Fiscal Cliff" game will end up with an advantage to the people... or the advantage to the banks and corporations?

Oh, one other thing that has outraged me..... those top CEO's of banks and corporations calling for "entitlement" cuts for the public....... 

Yeah... believe it or not.... small portion from article:

WASHINGTON -- The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed.

The companies represented by executives working with the Campaign To Fix The Debt have received trillions in federal war contracts, subsidies and bailouts, as well as specialized tax breaks and loopholes that virtually eliminate the companies' tax bills.

The CEOs are part of a campaign run by the Peter Peterson-backed Center for a Responsible Federal Budget, which plans to spend at least $30 million pushing for a deficit reduction deal in the lame-duck session and beyond. 

During the past few days, CEOs belonging to what the campaign calls its CEO Fiscal Leadership Council -- most visibly, Goldman Sachs' Lloyd Blankfein and Honeywell's David Cote -- have barnstormed the media, making the case that the only way to cut the deficit is to severely scale back social safety-net programs -- Medicare, Medicaid, and Social Security -- which would disproportionately impact the poor and the elderly. 

As part of their push, they are advocating a "territorial tax system" that would exempt their companies' foreign profits from taxation, netting them about $134 billion in tax savings, according to a new report from the Institute for Policy Studies titled "The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks" -- money that could help pay off the federal budget deficit.

Yet the CEOs are not offering to forgo federal money or pay a higher tax rate, on their personal income or corporate profits. Instead, council recommendations include cutting "entitlement" programs, as well as what they call "low-priority spending."

So... do you see who is actually entitled in this country and who is not?

Tuesday, June 19, 2012

German Constitutional Court takes Power away from Merkel, says Parliament is Superior.

Wow the courts around the world sure have been busy this week and the past one.  First Egypt's court dissolved the parliament there and then Pakistan's Supreme Court kicked out it's  Prime Minister.

Now the Constitutional Court of Germany has ruled that Merkel has over stepped her bounds and she can not keep giving bail outs of the rest of Europe and not give details to the parliament.   

It says the Parliament is superior  in rulings than Merkel.   It looks like the ruling has possibly put the ESM at risk of being ratified in Germany too.

This is going to throw Europe into chaos, in my opinion.  There will be no more free flowing money from Germany which has been the country that has provided the bailout money.  Considering Spain and Italy are just going into crisis mode and needing money fast, there are going to be some wild rides coming up.


Article - translated to English:
D is eutlich the judgment of the Constitutional Court on the political voice of the Bundestag.  A unanimous slap for the Chancellor , which is known to prefer the quiet reigns, bug-proof closet out.  And like the MPs considered Kopfnicker like that should approve without opposition in the Bundestag and uninformed, what in the Chancellery of her and her main power brokers Ronald Pofalla was once again concocted.

The imperative for future policy operations has consistently expressed the judgment: Saying what's wrong and what is just is, as soon as possible. . And this is especially important for international agreements such as the euro rescue ESM . For its cash, the citizens must pay this year alone, 8.7 billion euros of taxpayers' money.  What could be justified in view of these sums, let Parliament and the people in the dark?

  Anti-democratic arguments

The opponents of transparency has often used anti-democratic arguments First, it is more efficient when political decisions are sometimes waved through in small bodies. Second, it would be even more difficult to achieve international agreement, if any should be informed and the secrecy is no longer guaranteed. But what kind of cynicism!  Only the stupid MPs is a good deputy?  And only the stupid people is a good citizen?
 
. Since the judgment of our constitutional judge does really well.  The Bundestag may a say again, apply the established democratic rules of our Constitution.. The future it could also again be clear who we need to assign responsibility for various "bailout" that are being set almost every week somewhere.

Only the Parliament, then the Chancellor's Office

. As such, it was high time that the specific form of caricature of government has met with opposition from the Constitutional Court.  The Basic Law does not exist for arbitrary disregard of the political sphere.  A Chancellor would actually follow it more carefully than any other participating political institutions, because it finally puts her oath of office on it. And we do not want to be governed by and on peaks that operate infinitely far away from our daily lives. . Considered democratic, the chancellor's office is subordinate to the parliament clearly.  The Chancellor should also be in support money finally take note of.. We do not want to be governed by Gutsfrauenart. The state authority emanates from the people.  Again remember, Mrs. Merkel?


I do believe things have just gotten more interesting in Europe now.  I don't believe this will go over well with those countries that are needing money desperately.

I found an article out of Australia about it also. 

Germany's constitutional court has ruled the government failed to inform parliament in good time about negotiations last year on the eurozone bailout fund.
Tuesday's ruling does not halt plans to put the European Stability Mechanism (ESM) in place next month but requires the government of Chancellor Angela Merkel to brief parliamentarians sooner next time.
Both chambers of parliament are scheduled to ratify the ESM treaty and the eurozone fiscal compact on June 29.
The case was a win for the opposition Green Party, which charged that parliament was not quickly shown documents about last year's bailout talks. Green Party whip Volker Beck said the opposition had to turn to Austrian colleagues to find out what was going on.
Under the German constitution, the parliament in Berlin has to be kept informed "comprehensively and at the earliest possible point of time and continuously" about negotiations at European Union (EU) level.
The court ruled that Merkel's government did not brief parliament properly last year on the state of talks over the new eurozone rescue fund, the ESM, or over negotiations on the "Euro-Plus Pact" requiring eurozone nations to coordinate economic policy.
The 500 billion euro ($A624.54 billion) ESM is the permanent successor to the existing bailout fund, the European Financial Stability Facility. Judges said the opposition should have been shown the ESM treaty draft by April 6 last year.
The decision was "another important building block in a series of decision by the Federal Constitutional Court to strengthen parliamentary responsibility in the framework of European integration," presiding judge Andreas Vosskuhle said.
The court has repeatedly slammed the executive in Berlin for not submitting enough to legislators.
"The briefing has to enable the parliament to exercise early and effective influence on the decision-making of the government and must take place in such a way that the parliament does not end up in a rubber-stamp role," Vosskuhle added.
Germany's government and opposition came close last week to reaching a final agreement to jointly ratify the ESM treaty and the fiscal compact, which the government insists on passing as a package. The legislation requires a two-third majority to pass.
As part of the bargain, the Merkel government has now promised to fast-track the introduction of a financial transaction tax in Europe if a minimum of nine member states agree.
Germany's opposition Social Democrats (SPD), who did not participate in the case, welcomed Tuesday's ruling.
Thomas Oppermann of the Social Democrats said: "This is another embarrassment to the government. They have been losing one case after another."

Now, will this cause Germany to be the first country to actually leave the Euro?  Considering it has been said that they have been printing Deutsche Marks and have them in the ready.