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Current Events => Politics => Topic started by: 5412 on August 07, 2010, 10:22:27 AM

Title: We may have passed the point of no return
Post by: 5412 on August 07, 2010, 10:22:27 AM: Hi,

I get a daily report from the Casey Research Group and yesterday's was a real eye opener. Basically they are saying that the federal government revenue is now not enough to cover the entitlement programs; much less all the other government costs. This is when the going is going to become very, very ugly as the taxpayers are going to be fightning the non-producing members of socitey. Very scary thought.

Following is the article courtesy of Casey Research,

regards,
5412

We really don't enjoy being a buzz-kill. It's just that we think it's more important for you to be well informed about the reality in which we find ourselves today than it is to be happy-go-lucky all the time. The good news is that when the stuff hits the fan, as it has for going on two years now, it opens up a number of unexpected opportunities for profit. Even in the hairiest situations, there are ways to protect yourself. And that's where Casey Research comes in.

More on that in a moment, now for the bad news.

If you live in the U.S., your taxes are about to get much, much, higher. And I'm not talking about the Bush tax cuts set to expire at the end of this year. I'm talking about a structural deficiency in the tax base that will force the spendthrift federal government to demand much more from the productive members of society, no matter who's in charge of Congress and the White House.

Here are the facts.

Summary of Federal Government Receipts and Outlays
Fiscal Years 2009 and 2010 by Month ($ Millions)
Receipts Outlays Surplus/(Deficit)
Fiscal Year 2009
October $164,827 $320,360 ($155,533)
November $144,769 $269,970 ($125,201)
December $237,785 $289,540 ($51,755)
January $226,090 $289,547 ($63,457)
February $87,312 $281,171 ($193,859)
March $128,924 $320,513 ($191,589)
April $266,205 $287,112 ($20,907)
May $117,217 $306,868 ($189,651)
June $215,339 $309,671 ($94,332)
July $151,480 $332,160 ($180,680)
August $145,529 $249,083 ($103,554)
September $218,880 $264,087 ($45,207)
Total Fiscal Year 2009 $2,104,357 $3,520,082 ($1,415,725)
Fiscal Year 2010
October $135,294 $311,657 ($176,363)
November $133,564 $253,851 ($120,287)
December $218,918 $310,328 ($91,410)
January $205,239 $247,873 ($42,634)
February $107,520 $328,429 ($220,909)
March $153,358 $218,745 ($65,387)
April $245,260 $327,950 ($82,690)
May $146,794 $282,721 ($135,927)
June $251,048 $319,470 ($68,422)
Fiscal Year-to-Date 2010 $1,596,995 $2,601,024 ($1,004,029)
Source: Department of the Treasury Financial Management Service

For a bit of a refresher and to update where we are, in the table above I broke down federal government receipts and outlays (revenue and expense) by month for fiscal year 2009 and year-to-date 2010.

As you can see in the table, we're through three-fourths of fiscal year 2010 and the deficit is already over $1 trillion. At this point last year, the deficit was also just above $1 trillion. So you can bet we're on track for a total deficit of between $1.4 and $1.5 trillion this year. Just like last year, the huge deficit figure will be widely reported, even in the mainstream media. But a related piece of vital information will be glossed over (if reported at all). This piece of information is the most crucial to why your taxes are set to skyrocket - and nobody is even bothering to mention it.

You see, the "outlays" column above comprises two types of spending: discretionary and mandatory. Mandatory spending, expenditures that must go into the U.S. budget, includes things like Social Security, Medicare, Medicaid, income security programs, and some others. And according to the Congressional Budget Office, mandatory spending reached $2.1 trillion in fiscal year 2009. What's more, it increased more than 30% from the year before.

Now look back up at the table above. Notice anything? Total receipts for 2009 were also $2.1 trillion. In 2009, for the first time ever, mandatory spending just about equaled total tax receipts.

That means that basically every single penny the federal government received in taxes last year (including individual income taxes, corporate income taxes, social insurance and retirement receipts, excise taxes, estate and gift taxes, customs duties, and miscellaneous receipts) was already spent on something mandatory before it came in.

It's also worth mentioning that while mandatory spending grew by 30% last year, tax receipts fell by 16%. So under the current tax structure, a gap will begin to grow where mandatory spending pulls away from total tax receipts.

What this all means is that your tax burden is sure to rise, significantly, over the coming years. That's the government's only choice at this point. You think it will cut discretionary expenses by any meaningful amount? Not hardly, it's too politically damaging. And forget about legislation to cut mandatory spending until the system goes completely bust. In the meantime, both parties will try to kick the can further down the road by extracting as much as possible from you in taxes.

Now, here's the good news.

Unlike the government, however, you do have a choice. You can "go global" and protect yourself by internationalizing your wealth through all the legal means available, making yourself a target that's not easy to hit.
Title: Re: We may have passed the point of no return
Post by: MrsSmith on August 07, 2010, 10:30:10 AM: Basic budgetary mistake:

House - $400
Utilities - $200
Groceries - $200
all other necessary spending - $200
(insurance, property tax, maintenance, etc.)

Income - $1200

Can I afford the $200 car payment? Yes...

Until someone gets sick
or needs clothes
or the car breaks down
or...
or...
or...

and the geniuses we have running our country aren't smart enough to figure this out. :banghead: :banghead: :banghead:
Title: Re: We may have passed the point of no return
Post by: DefiantSix on August 07, 2010, 11:32:50 AM: Quote from: MrsSmith on August 07, 2010, 10:30:10 AM
and the geniuses we have running our country aren't smart enough to figure this out. :banghead: :banghead: :banghead:

Ma'am, those are SOOPER GENIUSES, to the likes of little people like you (or me for that matter). And the fact that they have sole access to the Acme Catalog^TM means that we should just shut up about it, because they are so much smarterer than peons like you and me.

(http://1.bp.blogspot.com/_3dM-olSNn_s/SWqvODOw_zI/AAAAAAAAANI/8-gT0JlKHm4/s320/super-genius.bmp)
Title: Re: We may have passed the point of no return
Post by: Chris_ on August 07, 2010, 11:46:43 AM: Quote
This is when the going is going to become very, very ugly as the taxpayers are going to be fightning the non-producing members of society.

How is it scary? Are you worried that the obese, lazy scum of this country could actually win a fight against a productive member of society?
Title: Re: We may have passed the point of no return
Post by: DefiantSix on August 07, 2010, 12:23:50 PM: Quote from: Evil_Conservative on August 07, 2010, 11:46:43 AM
How is it scary? Are you worried that the obese, lazy scum of this country could actually win a fight against a productive member of society?

NO, he's worried the these obese, lazy scum of the country could use the state and federal police agencies to FORCE the productive members of society into continued servitude to the wants and whims of the obese, lazy scum of the country, at the expense of the basic needs of those same productive members of society.

I'm with Sparky; time is fast approaching to burn the bridge, go Galt, and stuff some cotton in our ears so the weeping and wailing and gnashing of teeth the obese, lazy scum of the country make as they starve themselves into extinction do not disturb our daily routine.
Title: Re: We may have passed the point of no return
Post by: Chris_ on August 07, 2010, 03:12:24 PM: The police aren't going to do anything.

And when their welfare checks don't show up, the worst they will do is bitch & moan about it and then go back inside with their bucket of Walmart chicken and watch television.
Title: Re: We may have passed the point of no return
Post by: DefiantSix on August 07, 2010, 04:56:07 PM: Quote from: Evil_Conservative on August 07, 2010, 03:12:24 PM
The police aren't going to do anything.

Just like the Nawlins PD didn't go around confiscating guns at the first prospect of a potential crisis?

The police these days are more and more just bureaucrats with guns. It's their job to keep the money flowing into the gub'mint coffers by whatever means are necessary. They're increasingly being trained in "military" tactics, and using variations on military equipment, as the public at large becomes more and more distrusting of a government seemingly hell-bent on establishing tyranny in place of the rule of law. The court has already ruled that they are not liable for protecting individuals from criminals; so once you eliminate that, what is the implied beneficiary of the creed, "to Protect and Serve"? I would submit that over the past 100 years or so, their mission has been subtly shifted, to where now they "Protect and Serve" the ruling government, whatever the government orders them to do. Given how the bureaucrats and politicians are absolutely reliant on that ignorant mass of obese, lazy scum of the country for their power over the country as a whole, what evidence do you have that those police forces aren't at most just a couple of degrees of separation away from being the taskmasters for those of us who are taxed to nearly the point of bankruptsy in order to support the lifestyles of those lazy, ignorant scumbags
Title: Re: We may have passed the point of no return
Post by: Chris_ on August 07, 2010, 05:48:10 PM: Don't get me wrong. There are bad cops out there, but do you think every single police officer would force people like you & me to support the scum? I don't think so.
Title: Re: We may have passed the point of no return
Post by: DefiantSix on August 07, 2010, 06:14:21 PM: Quote from: Evil_Conservative on August 07, 2010, 05:48:10 PM
Don't get me wrong. There are bad cops out there, but do you think every single police officer would force people like you & me to support the scum? I don't think so.

You and I both know that no, "every single" officer will not go along with enforced tyranny. That's a strawman argument. I do know however, that with Congress and the legislatures attempting to micro-manage the decisions of the average citizen with scores of new laws every year, with the court decisions that I mentioned above (police aren't there to protect individuals) shifting what policing a community means, with more and more intensive "military" style training, being provided to your standard-issue beat cop (and what is that training telling that cop about the threat level he faces "out there"?) and with agencies all over the country hiring new officers in job lots (don't tell me you haven't seen the ads all over the place), the Regime that does finally try using the police forces to establish a police state can afford to lose a few good cops who won't go along with that police state when the long knives are brought into the open.
Title: Re: We may have passed the point of no return
Post by: 5412 on August 07, 2010, 06:26:15 PM: Quote from: DefiantSix on August 07, 2010, 06:14:21 PM
You and I both know that no, "every single" officer will not go along with enforced tyranny. That's a strawman argument. I do know however, that with Congress and the legislatures attempting to micro-manage the decisions of the average citizen with scores of new laws every year, with the court decisions that I mentioned above (police aren't there to protect individuals) shifting what policing a community means, with more and more intensive "military" style training, being provided to your standard-issue beat cop (and what is that training telling that cop about the threat level he faces "out there"?) and with agencies all over the country hiring new officers in job lots (don't tell me you haven't seen the ads all over the place), the Regime that does finally try using the police forces to establish a police state can afford to lose a few good cops who won't go along with that police state when the long knives are brought into the open.

Hi,

Our freedom has been eroding now for decades, only lately it has been at a much faster pace. If you want to see what happens, look at South Africa, that is what they want. As Van Jones screamed, "Give them the wealth" and "Were gonna come after your farms!" They have no doubt that it is just a matter of time when the working white folks are the minority and they can do exactly what happened in South Africa. Then there will be no middle class, people will be starving and we will have communism plain and simple.

I worry for my children and grandchildren,

regards,
5412
Title: Re: We may have passed the point of no return
Post by: Chris_ on August 07, 2010, 06:29:49 PM: Quote from: DefiantSix on August 07, 2010, 06:14:21 PM
You and I both know that no, "every single" officer will not go along with enforced tyranny. That's a strawman argument. I do know however, that with Congress and the legislatures attempting to micro-manage the decisions of the average citizen with scores of new laws every year, with the court decisions that I mentioned above (police aren't there to protect individuals) shifting what policing a community means, with more and more intensive "military" style training, being provided to your standard-issue beat cop (and what is that training telling that cop about the threat level he faces "out there"?) and with agencies all over the country hiring new officers in job lots (don't tell me you haven't seen the ads all over the place), the Regime that does finally try using the police forces to establish a police state can afford to lose a few good cops who won't go along with that police state when the long knives are brought into the open.

Actually, I haven't seen anything like that around here yet. They could be there, but maybe they didn't jump out at me. But with that said, I will keep a better eye on this kind of stuff.
Title: Re: We may have passed the point of no return
Post by: NHSparky on August 07, 2010, 10:07:53 PM: Quote from: Evil_Conservative on August 07, 2010, 05:48:10 PM
Don't get me wrong. There are bad cops out there, but do you think every single police officer would force people like you & me to support the scum? I don't think so.

I'm not saying cops are "bad", but D6 does have a point--their duty has shifted. You don't see the beat cop around anymore. I've called the police to report drunk drivers and other people breaking the law. All I ever got was a, "Can you come down to the station and fill out a report?" No response, no "we'll check into it", no nada.

I was getting my vehicle inspected the other day, and I got into a (brief) conversation with the guy who ran the shop/did my inspection. He mentioned that the state police, etc., were telling the inspectors to check everything thoroughly and not let anything slide, because--surprise--they're giving tickets and fines for EVERYTHING. Police are less and less about public safety and more and more about revenue generation.

And "at the point of a gun"? Well, we don't necessarily need the police for that--the IRS has plenty of armed agents, right?
Title: Re: We may have passed the point of no return
Post by: Chris_ on August 07, 2010, 10:14:57 PM: Quote from: NHSparky on August 07, 2010, 10:07:53 PM
I was getting my vehicle inspected the other day, and I got into a (brief) conversation with the guy who ran the shop/did my inspection. He mentioned that the state police, etc., were telling the inspectors to check everything thoroughly and not let anything slide, because--surprise--they're giving tickets and fines for EVERYTHING. Police are less and less about public safety and more and more about revenue generation.

We got our former police chief (Serpas) from New Orleans... thank God he finally resigned. Someone "leaked" the PD's internal budget a couple years ago and it showed that they expect half their budget to come from tickets and citations issued by officers. So the more tickets they write, the larger budget they have to play with that year.
Title: Re: We may have passed the point of no return
Post by: Chris_ on August 08, 2010, 12:08:06 AM: Quote from: NHSparky on August 07, 2010, 10:07:53 PM
I'm not saying cops are "bad", but D6 does have a point--their duty has shifted. You don't see the beat cop around anymore. I've called the police to report drunk drivers and other people breaking the law. All I ever got was a, "Can you come down to the station and fill out a report?" No response, no "we'll check into it", no nada.

I was getting my vehicle inspected the other day, and I got into a (brief) conversation with the guy who ran the shop/did my inspection. He mentioned that the state police, etc., were telling the inspectors to check everything thoroughly and not let anything slide, because--surprise--they're giving tickets and fines for EVERYTHING. Police are less and less about public safety and more and more about revenue generation.

And "at the point of a gun"? Well, we don't necessarily need the police for that--the IRS has plenty of armed agents, right?

They are giving tickets for everything because the city/state/county is broke. I set my cruise for 68-70 mph on the highway so NHP and Metro won't bother me.

The last time we had to deal with the police was when someone broke into our home. It took the police over an hour to get here, although the substation is less than a mile away. Then the two officers told me I simply "forgot" to latch and LOCK my door because I'm a mom. Whatever that means. I guess all moms are dumb and never lock their doors. That's the last time I ever called the police.
Title: Re: We may have passed the point of no return
Post by: NHSparky on August 08, 2010, 12:11:21 AM: Quote from: Evil_Conservative on August 08, 2010, 12:08:06 AM
They are giving tickets for everything because the city/state/county is broke. I set my cruise for 68-70 mph on the highway so NHP and Metro won't bother me.

The last time we had to deal with the police was when someone broke into our home. It took the police over an hour to get here, although the substation is less than a mile away. Then the two officers told me I simply "forgot" to latch and LOCK my door because I'm a mom. Whatever that means. I guess all moms are dumb and never lock their doors. That's the last time I ever called the police.

My point exactly--when did they turn into an ATM for the city? There comes a point where the conflict of interest becomes too significant to ignore.