Night of Clarity 2013 in Nashville
"Come join us in Nashville on August 23, 2013 where Ron Paul and other Austrians discuss the perverse 100th anniversary of the Federal Reserve. Full details at: http://NightOfClarity.com" Continue reading →
Bill Bonner: What the Papers Aren’t Reporting About the NSA Scandal
"Booz Allen earned $1.3 billion pretending to protect approximately nobody from a mostly non-existent threat. What it was actually doing was helping the feds snoop on the law-abiding people who pay the bills. The company shareholders get rich. Its executives get rich. Ex-public servants walk through the revolving door into the company's plush offices... and they get rich too. What's not to like? And who's going to oppose more anti-terrorism spending? But wait, there's more!" Continue reading →
IRS Refunds 4 Billion Dollars a Year to Illegal Immigrants While Pursuing US Citizens Abroad
"FATCA is … probably … coming in some form or other and hiding will do a person no good in the longer run (although truthfully, no one is truly invisible anymore thanks to technology), but allowing fear of an agency that isn’t even able to control fraud and evasion within its own borders be the driving factor behind decisions is something that might be cause for pause. It’s not new news in terms of the hysteria in the US about undocumented workers and fraud, but it puts the dilemma, at least for me, of USP’s who’ve emigrated in another context. The point of FATCA and the offshore jihad on expats is not about money. It’s about information, and information is power." Continue reading →
Pentagon may be wasting billions a year in erroneous payments to contractors
"Although the Defense Department reported making over $1.1 billion in overpayments in fiscal year 2011 to military personnel and retirees, civilian defense workers, contractors, and others, investigators from the Government Accountability Office said that figure is not credible due to missing invoices and other flawed paperwork, as well as errors in arithmetic. GAO found defense finance officials didn't have procedures in place to collect and maintain the data they need to come up with a credible estimate. Even when the department could find and document mistaken payments, it frequently did not take cost-effective steps to recover the money, the GAO said." Continue reading →
Former ‘Plunge Protection Team’ Official: Expect More Government Theft
"Look, we are in a world where every major industrialized government doesn’t have the funds to deliver on the promises they’ve made to the public. So they are going to reach for the public’s cash in different ways....Some of it is through higher taxes. Some of it is what I would call ‘expropriation,’ although taxation and even inflation are a version of that. I think what we saw in Cyprus, a really overt expropriation, we are going to see that come in lots of different forms (going forward). Some of it will be obvious like Cyprus. Some of it will be subtle like Portugal, but what’s sure is that it’s happening.” Continue reading →
The Problem of Leviathan
"The Internal Revenue Service, already under fire after officials disclosed that the agency targeted conservative groups, faces increased scrutiny because of an inspector general's report that it spent about $50 million to hold at least 220 conferences for employees between 2010 and 2012. The report by the Treasury Department's inspector general about conference spending is set to be released Tuesday. The department issued a statement Sunday saying the administration 'has already taken aggressive and dramatic action to reduce conference spending.'" Continue reading →
So far, D.C. feeling little pain from sequester’s bite
"In the months since the automatic federal spending cuts known as the sequester took effect, the Washington area has added 40,000 jobs. Income-tax receipts have surged in Virginia, beating expectations. Few government contractors have laid off workers. It’s too early to be certain, but initial indications are that the damage from the sequester has been modest and slow to develop. The pace of job growth from January to April was only slightly slower this year than last year. Large government contractors are reporting relatively modest revenue hits and few layoffs due to reduced contracts." Continue reading →
National weather agency spared from furloughs after rash of tornadoes
"Forecasters at the National Weather Service (NWS) will not be forced to take furloughs during the summer hurricane season following the recent destruction caused by tornadoes in Oklahoma, CNN reported on Saturday. The NWS was part of the initial plan by the National Oceanic and Atmospheric Administration (NOAA) to impose as many as 20 mandatory days off without pay for its 12,000 employees in July and September, a move caused by federal budget cuts. The cuts would have taken effect during what forecasters predicted would be an abnormally severe hurricane season." Continue reading →
Social (Un)Security: “You Died This Month? We’ll Keep Your Dough.”
"With the recent death of a family member on the 26th of the month, I was reminded of a special provision for social security that gives the government a free pass for a last moment of theft, and that's after a lifetime of theft under the guise of overseeing one's 'security.' The provision essentially states that in the month of death, a person shall not receive any benefits for that month for the days that person was alive." Continue reading →
Your Tax Dollars at Work: Medicare Financing Plastic Surgery
"Aging Americans worried about their droopy upper eyelids often rely on the plastic surgeon’s scalpel to turn back the hands of time. Increasingly, Medicare is footing the bill. Yes, Medicare. The public health insurance program for people over 65 typically does not cover cosmetic surgery… In recent years, though, a rapid rise in the number of so-called functional eyelid lifts, or blepharoplasty, has led some to question whether Medicare is letting procedures that are really cosmetic slip through the cracks — at a cost of millions of dollars. In 2001, physicians billed taxpayers a total of $20 million for the procedure. By 2011, the price tag had quadrupled to $80 million." Continue reading →
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