MyLibertySpace

The Social Network For Libertarians

MyLibertySpace.com


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Welcome,
Here at MyLibertySpace.com you will find a social network of Libertarians and Liberty Loving Americans sharing thoughts and ideas about libertarian philosophy, politics, current events, the need to return our nation to its Constitutional roots, and many other topics. You don't have to be a Libertarian to join, you just have to be a Freedom Loving American! If you feel that our Republican and Democrat controlled government is taking us in the wrong direction then this is the place for you!



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Lighting The Fires Of Liberty,
Host: Michael Badnarik Monday-Friday 9:00pm-11:00pm Central Time, Call In Number: 1-800-259-5791


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Mises Economic Blog

Madoffian Finance in California

IOUs? . Idea: give California a central bank. Even better: give every citizen a central bank so we can dispense with this paycheck nonsense altogether....

Great news, our descent into Hell is taking place at a slower pace

Don't you love the way the NYT reports all bad economic news under Obama? Somehow everything is oddly turned into good news. The "most painful downturn since the Great Depression has yet to release its hold"--what did you expect buddy?--and...

Abolish the Bank of England

A movement growing in that polite sort of way....

Happy We-Should-Restore-The-Monarchy-And-Rejoin-Britain Day!

The celebration of the 4th of July as if it's a libertarian holiday is a bit much to bear. Secession from Britain was a mistake. It's easy enough to realize that the Constitution was not some libertarian achievement as conservatives...

Yet Another Study Finds Patents Do Not Encourage Innovation

Study Finds Patent Systems May Not Be an Effective Incentive to Encourage Invention of New Technologies reports: A new study published in The Columbia Science and Technology Law Review challenges the traditional view that patents foster innovation, suggesting instead that...

Big Government and the 4th of July

As we prepare to celebrate the 233rd anniversary of the signing of the Declaration of Independence we should recall why the American colonists made their decision to break away from the British Empire. The Declaration, in the enumerated grievances...

On J. Neil Schulman's Logorights

On GMO patent infestation, Kent Hastings comments on my IP views and those of J. Neil Schulman. Schulman responded: My article "Informational Property: Logorights" begins by specifically disclaiming any state grants of monopoly. The concept stands or falls on its...

Dean Krugman to the Marching Band: "Stay the Course!"

All who remember Animal House can recall the scene at the end in which the band is trying to walk through the wall at the end of the alley, having been led there by one of the pranksters from Delta...

Free Bernie Madoff

What is the point of jailing him? He is no direct threat to anyone. Society would not safer with him in the slammer. He is not going to rob people or beat people up. He might write a book and...

Centocor v. Abbott: Biggest Patent Verdict Ever.

From a post by Joe Mullin: Centocor v. Abbott: Biggest Patent Verdict Ever.: This afternoon, a jury in Marshall, Texas, awarded the largest patent verdict in history: Abbott Laboratories must pay $1.67 billion to Centocor, a subsidiary of Johnson &...

How Much Money Inflation?

The Federal Reserve is lying about the nation's money supply (M1). The current figure for money supply is being given as $1.6 trillion. The actual number is $2.34 trillion. The reported number is equivalent to an increase of 16% over...

Auditing the Fed will Audit the State

The Fed is a racket at heart, a con game writ large -- what else can you call an organization with the exclusive privilege of printing money in the trillions and handing it over to friends? But if this is...

Honor Among Thieves

Stephen Bainbridge, a law professor at UCLA, offers a nice counterpoint to the majority who cheered Bernard Madoff's 150-year prison sentence for running a Ponzi scheme: Perhaps I'm lacking in the empathy President Obama famously thinks judges need, but I...

In Comes the State

The trustees and bureaucrats plan the future based on the science of the day. They act as if they were the intended recipients of a letter written by Claude-Henri Saint-Simon some 200 years ago. In that letter, Saint-Simon envisioned a...

Inflation: What You See and What You Don't See

People are being told by governments, central bankers, and leading mainstream economists that money-base expansion is not inflationary -- because the money would remain in the portfolios of banks and would not spill over into the hands of firms and...

The Captive Ameican Blog (captiveamerican.com)

Viva Cuba!

Dollars to doughnuts Obama ends the embargo before he leaves office.

The End of Excess

Can the current crisis be a good thing?

Summer’s Time (at D.E. Shaw), and the Living was Easy

Are the money men surrounding Obama really going to help us get out of this mess?

Who Says Bipartisanship Is Dead? Not The Pentagon

Politicians from both major parties continue to throw billions at a corrupt, unaccountable institution. No, not AIG. The Department of Defense.

The Next Bailout? Think Pensions

The agency in charge of insuring millions of Americans' pensions squandered a fortune on the stock market last year.

High on the Hog

The protege of Rep. John Murtha, one of the biggest earmarkers in Congress, appears to know his way around a kitchen.

Sucking At the Hind Tit of a Dead Cow

Another patriot calls his country to arms.

Give Me Party or Give Me Death

The idea of open primaries has the two Dead Old Parties running scared.

A Pay Cut for Congress?

A few California lawmakers have actually voluntarily made the sacrifice.

A Sucker Born Every Minute

The sub-prime story made simple for those just now learning about it for the first time.

Library of Liberty

Condy Raguet: The Principles of Free Trade (1840)

A collection of essays written in the early 1830s as part of a campaign in favor of free trade. The second edition of 1840 contains the minutes of a Free Trade Convention held in Philadelphia in 1831 as well as a dedication to Colonel Biddle the editor of Jean-Baptiste Say’s American edition of the Treatise on Political Economy.

Samuel von Pufendorf: Two Books of the Elements of Universal Jurisprudence (2009)

This was Pufendorf’s first work, published in 1660. Its appearance effectively inaugurated the modern natural-law movement in the German-speaking world. The work also established Pufendorf as a key figure and laid the foundations for his major works, which were to sweep across Europe and North America. Pufendorf rejected the concept of natural rights as liberties and the suggestion that political government is justified by its protection of such rights, arguing instead for a principled limit to the state’s role in human life.

Wolfgang Amadeus Mozart: Mozart’s Opera Marriage of Figaro, containing the Italian text, with ...

One of Mozart’s most popular operas, with a libretto by Lorenzo da Ponte, based upon the notorious play by Beaumarchais. The play had been banned in 1786 because it questioned the legitimacy and rationality of the aristocracy by making fun of it through the eyes of a common servant, Figaro. This version is a side-by-side Italian and English edition.

Giuseppe Verdi: Aida by Antonio Ghislanzoni, music by Giuseppe Verdi (1911)

A side-by-side Italian and English edition of the libretto. Famously first performed in Egypt in 1871, Aida, an Ethiopian princess, has been enslaved in Egypt. Her father has invaded Egypt in order to free her but he is defeated. A love triangle develops between Aida, a young warrior Rhadames, and Amneris, the Egyptian king’s daughter. Aida and the persecuted Rhadames choose death together rather than be separated.

Ludwig van Beethoven: Beethoven’ s Opera Fidelio. German Text, with an English Translation (1864)

Beethoven was one of the great European classical composers of the first part of the 19th century. He was influenced by the Enlightenment and in his only opera, Fidelio, he addressed the problem of individual liberty in a very moving way.

Augustin Thierry: History of the Conquest of England by the Normans; Its Causes, and its ...

Thierry was a pioneering liberal historian who collected large bodies of primary source material to use in his writings. He is particular remembered for his class analysis based upon the idea of conquest. This work is a classic exposition of this thesis showing the conquest of the Anglo-Saxons by the French Normans.

Lysander Spooner: No Treason. No. II. The Constitution (1867)

Although this is numbered number 2 there were only three parts to this series (1, 2, and 6) in which Spooner argues that the individual is not bound to obey the American constitution because it justified slavery and otherwise violated individual rights.

Germaine de Staël: Considerations on the Principle Events of the French Revolution (LF ed.) (2008)

Considerations is considered de Staël’s magnum opus and sheds renewed light on the familiar figures and events of the Revolution, among them, the financier and statesman Jacques Necker, her father. Editor Aurelian Craiutu states that Considerations explores “the prerequisites of liberty, constitutionalism and rule of law, the necessary limits on power, the relation between social order and political order, the dependence of liberty on morality and religion, and the question of the institutional foundations of a free regime.”

John Ramsay McCulloch: Treatises and Essays on Subjects connected with Economic Policy with ...

A collection of essays some of which were previously published in the Encyclopedia Britannica. They cover money, exchange, rent, the history of commerce, maritime law, and biographical essays on Quesnay, Smith, and Ricardo.

Lysander Spooner: The Unconstitutionality of Slavery: Part Second (1860)

The second of a two part series on Spooner’s theory that the institution of slavery was not supported by the ideas behind the constitution and was thus “unconstitutional.”
 

Current Libertarian Events





"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."
~ Andrew Jackson, 1767-1845, 7th US President, when forcing the closure of the Second Central Bank of the US in 1836 by revoking its charter.
Operation Repeal The Fed! - EndTheFed.us

Glenn Beck: "The One Thing" - 3/23/2009

President Obama's Weekly Address:

President Obama's Weekly Address will be posted here on a regular basis, so that we can stay on top of the things that he does & says, and discuss & debate them in our chat and blogs. Remember, the best check on the President's power & the first line of defense against Socialism are the voices of "We The People."

See How Lenders See Your FICO Score

Welcome To The Libertarian Revolution!


Michael Whetstone (aka LifeForLiberty) is taking action to spread the Libertarian message. His intent is to distribute 4 flyers (which are condensed versions of Michael Salamey's four-part "Freedom" article) over the course of a few days in some local Michigan neighborhoods (Taylor area).
These flyers will contain a special url (mylibertyspace.com/whatisfreedom) linking to a page that Randy Speeg has specially designed for this project. There, visitors will be able to read the full text of Michael Salamey's article and will be able to comment and answer the most important question, "What is Freedom?"
If others want to join this experiment and spread the word, the flyers are available for download here. This is an opportunity to expand the MyLibertySpace Community and spread the message of Freedom and Liberty.


Libertarian Chat Room

To load your profile picture into the chat room you need to click on the little blue and green circle above, and create a profile on Chatroll.com


What Is Libertarianism?

America's Heritage
Libertarians believe in the American heritage of liberty, enterprise, and personal responsibility. Libertarians recognize the responsibility we all share to preserve this precious heritage for our children and grandchildren.
Free and Independent
Libertarians believe that being free and independent is a great way to live. We want a system which encourages all people to choose what they want from life; that lets them live, love, work, play, and dream their own way.
Caring For People
The Libertarian way is a caring, people-centered approach to politics. We believe each individual is unique. We want a system which respects the individual and encourages us to discover the best within ourselves and develop our full potential.
Principled; Consistent
The Libertarian way is a logically consistent approach to politics based on the moral principle of self-ownership. Each individual has the right to control his or her own body, action, speech, and property. Government's only role is to help individuals defend themselves from force and fraud.
Tolerant
The Libertarian Party is for all who don't want to push other people around and don't want to be pushed around themselves. Live and let live is the Libertarian way.

For a quick 8 minute lesson in the core principles of Libertarianism please watch this video: The Philosophy of Liberty
Click here to view full screen/high resolution video.

Where do YOU fit on the political map?

Take the
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Blog Posts

Save-Our-Nation.org

Wanted: Executive Director for Liberty PAC!

Wanted: Executive Director

We are a young growing nationwide political action committee dedicated to lobbying for liberty. We focus on both legislative lobbying and grassroots outreach. What better way to practice your beliefs than working from your home on your terms.


We are looking for a liberty loving executive director with strong personal skills who is not afraid to take initiative. Fundraising is necessary. Experience preferred, but not necessary. Travel will be required at least twice… Continue

Posted by Save-Our-Nation.org on April 24, 2009 at 11:38pm

darkpatriotx

massive gun rally!

On april 29 there will be a pro gun rally in albany,we all being members of the campaign for liberty and residents of new york we must make this event a huge priority it cannot be missed.So often do people over look there constitutional right to bear arms.If we let them,they will take every thing from us,that's why I urge every one living ny to go and to take as many as people as possible.Though for some of you this may not be your area you care about remember freedom is freedom and we must be t… Continue

Posted by darkpatriotx on April 19, 2009 at 4:34pm

Richard (L-Resigned)

"The Radical Right" is The Libertarian Revolution

The Radical Right



Did he say "a conservative movement worthy of it's name"? Seems to me it's always been a libertarian revolution.... flashback to April 2007...… Continue

Posted by Richard (L-Resigned) on April 11, 2009 at 4:30pm — 1 Comment

Michael

What's really going on here?

I'm sure all of us here are wondering what the hell is going on with the phony "outrage" going on in Congress with the AIG bonus payouts. The chattering class, also known as NBC, CNN ect are all in a huff.
"How dare these people use taxpayers money to pay out money to people who lead the company off a cliff and force taxpayers to bail them out!!" I have a couple of quick thoughts on this but I need some help here.
My information could be wrong. I'm out here, only receiving news here and there, n… Continue

Posted by Michael on March 22, 2009 at 2:34am — 3 Comments

Richard (L-Resigned)

The importance of "consistency"

As some of you may have gathered by now I'm a real stickler for consistency in the application, and discussion, of libertarian principles as they apply to issues and solutions for the problems our country faces today. For this I'm routinely berated by "reformers" as being "extremist", "radical", "purist" etc.

The reformers seem to rely on this tactic in combination with words like "pragmatic", almost as if it were itself a philosophical principle that reinforces their compromising proposals.

S… Continue

Posted by Richard (L-Resigned) on March 21, 2009 at 6:30pm — 1 Comment

Mr.Fuzzynuts

yeah...

I have finally admitted to myself that i'm an anarchist, or at least an "anarcho-libertarian", in Noam Chomsky words...I absolutely hate any form of a hierarchy...

Posted by Mr.Fuzzynuts on March 21, 2009 at 12:28pm — 3 Comments

Nicholas C Hillman

Eric Sundwall for Congress!!

Please help with the Eric Sundwall campiagn for Congress for this election held on March 31st. I am makeing a Blogging group to help get the word out. Please e-mail me at Hillman.n@gmc.edu if you would like to help out.

Posted by Nicholas C Hillman on March 17, 2009 at 12:55pm

Randy Speeg

MyLibertyTV

Hey everybody, due to how time consuming it is to add new content to the Mogulus LibertarianTV channel, and the fact that Mogulus has been slow and buggy since day one, I will soon be discontinuing LibertarianTV.

However I will be replacing it with a brand new YouTube channel, MyLibertyTV, that will feature the best and most informative activist films and videos available. If anyone has relevant video content that they would… Continue

Posted by Randy Speeg on February 21, 2009 at 6:00pm

Michael

Question Authority? Are you nuts?

We are told not to rock the boat. We are told that all will be well. Just go out shopping and nothing will happen to us. I decided to take a shot. I decided to challange the CW of the day and the news. Nothing was spared. My "test subjects" were the crew of the ship I'm stationed on, the USNS Sacagawea (T-AKE 2).
The topics ranged from keeping your paycheck, the fairtax, the new president and a host of others.
I can now report with conviction that we have nothing to fear. All is well.

I lied, w… Continue

Posted by Michael on January 25, 2009 at 8:15pm

Giampiero

Yon Struggle

I guys here is the link to my interview in Caracas with Yon Goicoechea, leader of the venezuelan student movement against Chavez.
I hope you enjoy.

Giampiero

http://roark-howardroark.blogspot.com/2009/01/yon-struggle.html

Posted by Giampiero on January 20, 2009 at 5:36pm

Forum

GuyFawkes1605

We Don't Even Hava a President. 2 Replies

Am I the only one still wondering who the 44th president will be? We have some guy who was born in Africa posing as our president but we need a leader at some point. Don't get me wrong...I'm glad t...

Started by GuyFawkes1605. Last reply by Jared May 10.

Richard (L-Resigned)

What really caused the current economic crisis? 1 Reply

I'm well aware of the history behind the federal reserve and all that happened nearly a century ago that brought us to this point economically. Forget all that for a moment. What I'm asking is what...

Started by Richard (L-Resigned). Last reply by Richard (L-Resigned) Mar 16.

GuyFawkes1605

Ron Paul for Governor 9 Replies

If there is one thing I would like to see more than Ron Paul running for president in 2012, it's Ron Paul running for Governor of Texas in 2010. You know...the Republic of Texas, the only State in ...

Started by GuyFawkes1605. Last reply by Grover Mar 4.

Richard (L-Resigned)

Libertarian or Authoritarian: Which Way GOP? 4 Replies

... is the title of the latest Takimag editorial by the Southern Avenger Jack Hunter. My answer to Jack, and the throngs of the GOP's redheaded step-children Ron Paul supporters, who undoubtedl...

Started by Richard (L-Resigned). Last reply by Richard (L-Resigned) Mar 3.

GMSilvia

Yes we Can(nabis)/ calling all Libertarians 3 Replies

Obamma set up change.gov and change.org, to collect ideas from the American public for his administration to address. By far the most popular topic was Marijuana law reform. The problem lies in the...

Started by GMSilvia. Last reply by Jared Mar 1.

John Gabriel (L-CA)

Why all the hoopla over Obama's inauguration

http://christinesmith.us/wordpress/2009/01/17/why- I'm whoring out a blog by Christine Smith. Anyone who's interested, it's actually pretty good. Why all the hoopla over Obama’s inauguration? Janu...

Started by John Gabriel (L-CA) Jan 21.

John Gabriel (L-CA)

The headache that is American college economics 6 Replies

I finally gave in and opted to take a formal college course on economics, at least this one is on-line and I don't have to storm out of a class that I'll end up dropping that same day. I'm still co...

Started by John Gabriel (L-CA). Last reply by Todd Jan 15.

John Gabriel (L-CA)

Post Barr 67 Replies

We didn't exactly get the numbers that Barr offered hope for, in fact I'm not too sure he got more votes than Dr. Mary Ruwart would have got had she gotten the nomination. It still looks our record...

Started by John Gabriel (L-CA). Last reply by Mike Kelly (is sick of my generation!!!) Jan 1.

Nicholas C Hillman

Revolution beggins? 4 Replies

I don't know about everyone else but, on Glenn Beck today, him and the Gov of Idaho where takeing about the people revolting. This is the 10th Day in a row that Glenn has talked about a relovet for...

Started by Nicholas C Hillman. Last reply by Mike Kelly (is sick of my generation!!!) Jan 1.

Richard (L-Resigned)

The Party of Principled Women and Power Hungry Men? 5 Replies

"Here at our sea-washed, sunset gates shall stand A mighty woman with a torch, whose flame Is the imprisoned lightning," -- Emma Lazarus, The New Colossus, 1883 I noticed a few weeks ago that su...

Started by Richard (L-Resigned). Last reply by John Gabriel (L-CA) Dec. 23, 2008.

MSNBC.com Politics

Obama delays release of CIA report

The Obama administration said Thursday that it needs two more months to review an internal CIA report on the agency's secret detention and interrogation program before making it public.

Sen.: Sotomayor advised 'extreme' group

A top Republican senator said a Puerto Rican legal advocacy group advised by Supreme Court nominee Sonia Sotomayor took extreme positions on capital punishment, abortion and racial quotas.

S.C. first lady: I’m angry, can forgive him

Jenny Sanford, wife of South Carolina Gov. Mark Sanford, says she told her husband in no uncertain terms to stop seeing his lover.South Carolina's first lady said Gov. Mark Sanford's actions were "inexcusable" but she was willing to forgive him.


Key Senate Dems trim cost of health care bill

President Barack Obama speaks about health care during a town hall meeting at the Northern Virginia Community College in Annandale, Va., on Wednesday.Determined to advance President Barack Obama's health care agenda, key Senate Democrats are calling for a government-run insurance option to compete with private plans, as well as a $750-per-worker annual fee on larger companies that do not offer coverage to employees.


Obama talks Russia, Sotomayor, jobs, Jackson

President Barack Obama gestures during his interview with The Associated Press, Thursday, July 2, 2009, in the West Wing of the White House in Washington. Before departing for the holiday weekend, President Barack Obama sat down with The Associated Press, talking Russia (Putin "still has a lot of sway"), joblessness (he's "deeply concerned"), and Michael Jackson (he's got the late singer's songs on his iPod).


Biden to meet with Iraq leaders

Vice President Joe Biden arrives in Baghdad Thursday for a three-day visit as security personnel stand guard.Vice President Joe Biden arrives in Iraq to visit U.S. troops and meet with Iraqi leaders, including President Jalal Talabani and Prime Minister Nouri al-Maliki.


GOP's Coleman may eye Minn. governor run

Former Republican Sen. Norm Coleman addresses the media Tuesday, June 30, at his St. Paul, Minn., home after the Minnesota Supreme Court ruled that Democrat Al Franken won the contested Senate race.The man who lost the 1998 Minnesota governor's race to pro wrestler Jesse Ventura now holds the distinction of losing his U.S. Senate seat to former "Saturday Night Live" comedian Al Franken.


U.S. halts military relations with Honduras

Ousted Honduras president Manuel Zelaya, shown here after a meeting of the Organization of American States in Washington on Wednesday, vows to return to his country.The Obama administration says it has suspended joint military operations with Honduras to protest a coup that forced President Manuel Zelaya into exile.


Obama pitches health plan, hugs cancer patient

President Barack Obama hugs Debby Smith, who shared her stuggle with cancer at a town hall meeting in Annandale, Va.President Barack Obama wanted to put a human face on his plans to overhaul health care, and a Virginia supporter did just that Wednesday.


Which Al Franken will show up in Washington?

July 1: Almost eight months after Election Day, the Minnesota Supreme Court declares Democrat Al Franken winner of one of the state’s U.S. Senate seats, giving Democrats the ability to overcome filibusters. NBC’s Pete Williams and Chuck Todd report. (Today Show)Al Franken arrives in Washington next week to claim a seat that stood vacant for half a year — but will he be the passionate, sometimes angry liberal or the cautious, serious politico?


Maloney to take on Gillibrand in primary

Rep. Carolyn Maloney, D-N.Y., at a news conference on Capitol Hill in May.Rejecting a plea from Vice President Joe Biden, New York Rep. Carolyn Maloney will challenge Sen. Kirsten Gillibrand in the state's Democratic primary, setting the stage for a potentially costly and contentious fight.


White House not appealing transgender ruling

The Obama administration is not fighting a nearly $500,000 judgment for a Library of Congress hiree who lost the job while undergoing a gender change from a man to a woman.

Health overhaul means big Medicare changes

If you're not a Medicare recipient, your parents probably are, or soon will be. And you yourself will be on Medicare eventually. That’s a reason to pay attention as Congress debates an overhaul of health insurance.

Governor 'crossed lines' with more women

South Carolina Gov. Mark Sanford walks down the hallway of his offices to meet with his staff in Columbia, S.C. on Monday, June 29.South Carolina Gov. Mark Sanford says he "crossed lines" with a handful of women other than his mistress — but never had sex with them.


Crisis looms as Calif. misses budget deadline

Republican State Sen. George Runner is seen during voting on a budget measure at the Capitol in Sacramento, Calif., on Tuesday. The Senate failed to approve a stopgap plan to stave off the need for IOUs and ease the state's $24.3 billion budget deficit.The California Senate has shut down for the night after failing to approve a stopgap plan to stave off the need for IOUs and ease the state's $24.3 billion budget deficit.


Hawaii senator helps bank he founded get aid

Central Pacific Financial, in which Senator Daniel Inouye owns shares, didn't meet criteria for federal program but gets $135M after a call from his staff.

Obama gets ally for health care plan: Wal-Mart

Wal-Mart announced its position in a letter to congressional and administration officials Tuesday. It was joined by a major labor union that sometimes has criticized Wal-Mart as stingy with employee benefits.Wal-Mart, which was once criticized for less than generous employee benefits, has embraced President Barack Obama's call for requiring all large employers to offer health insurance to their workers.


Campaign funds, civil rights still on agenda

On civil rights and campaign cash, the Supreme Court earned an "incomplete" grade in the term that just ended.

Obama lauds community nonprofits

President Barack Obama delivers remarks highlighting innovative non-profit programs from across the country, Tuesday, June 30, 2009, in the East Room of the White House in Washington. (AP Photo/Gerald Herbert)President Barack Obama on Tuesday promised that the White House will do its part to support grassroots organizations that are successful in their efforts to improve communities.


Analysis: Obama on the Honduran coup

A wounded woman is taken away after violence broke out between soldiers and police near he presidential residence in Tegucigalpa, on Monday.Dealing with the first Latin American crisis of his presidency, Barack Obama sought a swift, clear response that would not be interpreted as U.S. interventionism in a region that loathes it.


OpenCongress.org Blog

Better Budget Numbers for Health Care

Good news for those that support a public health care option. Apparently, when you throw a public option into the health care reform fray, along with a plan to tax large companies that don’t provide health care, the cost of action becomes much less and covers more people.

The Associated Press reports:

Democrats on a key Senate Committee outlined a revised and far less costly health care plan Wednesday night that includes a government-run insurance option and an annual fee on employers who do not offer coverage to their workers.

The plan carries a 10-year price tag of slightly over $600 billion, and would lead toward an estimated 97 percent of all Americans having coverage, according to the Congressional Budget Office, Sens. Edward M. Kennedy and Chris Dodd said in a letter to other members of the Senate Health, Education, Labor and Pensions Committee. The AP obtained a copy.

By contrast, an earlier, incomplete proposal carried a price tag of roughly $1 trillion and would have left millions uninsured, CBO analysts said in mid-June.

The letter indicated the cost and coverage improvements resulted from two changes. The first calls for a government-run health insurance option to compete with private coverage plans, an option that has drawn intense opposition from Republicans.

“We must not settle for legislation that merely gestures at reform,” the two Democrats wrote. “We must deliver on the promise of true change.”

Additionally, the revised proposal calls for a $750 annual fee on employers for each full-time worker not offered coverage through their job. The fee would be set at $375 for part-time workers. Companies with fewer than 25 employees would be exempt. The fee was forecast to generate $52 billion over 10 years, money the government would use to help provide subsidies to those who cannot afford insurance.

The same provision is also estimated to greatly reduce the number of workers whose employers would drop coverage, thus addressing a major concern noted by CBO when it reviewed the earlier proposals.

For more details on the new version of the “HELP” bill, see Wonk Room and The Treatment. Also, Health Care for America Now says that all 13 Democrats on the HELP committee are set to vote in favor of the new version of the bill.

See all the Last-Minute Changes to the Climate Change Bill

Last week when House Democratic leaders decided at the last minute to add several hundred pages of changes to the Waxman-Markley cap-and-trade bill and rush it to the House floor for a vote, the bill’s opponents and some good-government groups raised serious objections to the opacity of the process. Rich Lowry at the National Review wrote, “no one could be sure what he was voting for — not after the 1,200-page bill had a 300-page amendment added at 3:09 a.m. the day of its passage.” And Paul Blumenthal at the Sunlight Foundation, noting that the 300-page amendment was the product of a many behind-the-scenes meetings on the Hill, asked, “what lobbyists were involved in those meetings?”

We may never get the details of the back-room negotiating that took place leading up to the bill’s passage in the House on Friday, but with OpenCongress’s legislative versioning tool we can see exactly what was changed in the bill in the process and then start to figure out why. Just go to the text of the bill as passed by the House and select “Show Changes.” You can scan the entire bill and see, with color-coded text, exactly what was changed – red, stuck-out text denoting changed or removed sections in the bill, and green text denoting sections that were inserted or modified.

I just spent 30 minutes scanning through the bill and its changes, here are a few things that stood out to me.

Transparency of Carbon Offsets

It appears that during the negotiations, language was added to the bill to bring a little more transparency to the carbon offsets program. There’s a lot of skepticism surrounding the carbon offsets idea, so this is significant. Basically, the program would allow polluters to buy an offset or pay someone else to reduce or capture carbon instead of actually reducing their own carbon emissions. If the offsets program isn’t rigorous enough, carbon levels won’t actually be reduced to meet the bill’s carbon targets.

The changes made to the bill would require the administrator of the program to make offset applications and the administrator’s decision to accept or reject the application publicly available. It’s unclear what “publicly available” means for the purposes of this section, but if it’s done properly – posted online in a searchable format – then the prospect of public accountability could help the administrator make responsible decisions that will keep the program on track to reach the bill’s carbon targets. Here’s how the section of the text appears when the recent changes are highlighted with our versioning tool:

‘(d) Approval and Notification- Not later than 90 days after receiving a complete approval petition under subsection (a), the Administrator shall make the approval petition publicly available,

approve or deny the petition in writing and, if the petition is denied, provide the reasons for denial, and make the Administrator’s written decision publicly available. After an offset project is approved, the offset project developer shall not be required to resubmit an approval petition during the offset project’s crediting period, except as provided in section 734(c )(4).

Weaker International Efforts

Part F of the bill, “Ensuring Real Reductions in Industrial Emissions,” has two stated purposes: “to promote a strong global effort to significantly reduce greenhouse gas emissions” and “to prevent an increase in greenhouse gas emissions in countries other than the United States as a result of direct and indirect compliance costs incurred under this title.”

But a change made to the version of the bill passed by the House appears to weaken the section in what seems to me like a significant way. The original version of the bill, as introduced, stated that it was United States policy to work proactively to establish binding agreements “committing all major greenhouse gas-emitting nations to contribute equitably to the reduction of global greenhouse gas emissions.” But the version passed by the House on Friday removes any mention of setting U.S. policy and instead states that the purpose of the section is to to “induce foreign countries, and, in particular, fast-growing developing countries, to take substantial action with respect to their greenhouse gas emissions.”

Here’s how the portion of text appears when version changes are displayed:

‘SEC. 762. INTERNATIONAL NEGOTIATIONS.‘(a) Finding- Congress finds that the purposes of this part, as set forth in section 761, can be most effectively addressed and achieved through agreements negotiated between the United States and foreign countries.‘(b) Statement of Policy- It is the policy of the United States to work proactively under the United ‘(c ) Purposes of Subpart 2- The purposes of subpart 2 are additionally-

‘(1) to induce foreign countries, and, in particular, fast-growing developing countries, to take substantial action with respect to their greenhouse gas emissions consistent with the Bali Action Plan developed under the United

Nations Framework Convention on Climate Change, and in other appropriate forums, to establish binding agreements, including sectoral agreements, committing all major greenhouse gas-emitting nations to contribute equitably to the reduction of global greenhouse gas emissions.‘(c ) Notification of Foreign Countries- Not later than January 1, 2020, the President shall notify foreign countries that an International Reserve Allowance Program, as described in subpart 2, may apply to primary products produced in a foreign country by a sector for which the President has made a determination described in section 767(c ); and

‘(2) to ensure that the measures described in subpart 2 are designed and implemented in a manner consistent with applicable international agreements to which the United States is a party.

Protecting U.S. Intellectual Property in Clean Tech

A provision from the House’s Foreign Relations Authorization bill protecting U.S. intellectual property rights in global climate change treaties was brought to my attention through a Slashdot posting a few weeks ago. The posting quoted Peter Zura’s patent blog noting that the Foreign Authorization vote had come “in anticipation of the upcoming negotiations in December as part of the U.N. Framework Convention on Climate Change. … Previously, there was sufficient chatter in international circles on compulsory licenses, IP seizures, and the outright abolition of patents on low-carbon technology, that Congress felt it necessary to clarify the US’s IP position up front.’”

Not surprisingly, a scan through the revised climate change bill as passed by the House shows that similar text was added to it in several spots, particularly in the “”http://www.opencongress.org/bill/111-h2454/text?version=eh&nid=t0:eh:7104">Exporting Clean Energy" subtitle. Language putting intellectual property considerations at the forefront of clean tech implementation in developing countries was dropped in at the last minute in several sections of the subtitle. Here’s one example:

(b) Purposes- The purposes of this subtitle are-

(1) to provide United States assistance and leverage private resources to encourage widespread implementation, in developing countries, of activities that reduce, sequester, or avoid greenhouse gas emissions; and

(2) to provide such assistance in a manner that-

(A) encourages such countries to adopt policies and measures, including sector-based and cross-sector policies and measures, that substantially reduce, sequester, or avoid greenhouse gas emissions;

and(B)(B)

promotes the successful negotiation of a global agreement to reduce greenhouse gas emissions under the United Nations Framework Convention on Climate Change; and

(C ) promotes robust compliance with and enforcement of existing international legal requirements for the protection of intellectual property rights, as formulated in the Agreement on Trade-Related Aspects of Intellectual Property Rights referred to in section 101(d)(15) of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(15)) and in applicable intellectual property provisions of bilateral trade agreements.

These findings are from a quick scan of the bill and they don’t include the most substantial changes to the bill that have been reported already. With more time, I’m sure there is a lot more that can be discovered. I encourage everyone to take a few minutes to scan through the text and see if anything strikes them as particularly interesting and worth more investigation.

To see the last-minute changes that were made to the bill before it was brought to the House floor go here and click the “Show Changes” link. Scroll down until you find some text in red or green; that’s where changes were made. If you scroll over the text, the option to leave a comment or create a permalink will appear. If you find anything, please mark it by leaving a comment and post the permalink in the comments of this post so the rest of us can check it out. Happy digging!

DoD Supercops

We’re seeing a little surge of interest on OpenCongress in a relatively unnoticed piece of pending legislation, H.R. 675. It doesn’t have a short/informal title, but the official summary explains it’s a bill “To amend title 10, United States Code, to provide police officers, criminal investigators, and game law enforcement officers of the Department of Defense with authority to execute warrants, make arrests, and carry firearms.”

All the recent interest in the bill seems to be coming from this post on Infowars:

H.R. 675: Building Obama’s Civilian National Security Force

In January, without any recognizable corporate media coverage, Rep. Bob Filner, a California Democrat, introduced H.R. 675. The bill would amend title 10 of the United States Code and extend to civilian employees of the Department of Defense the authority to execute warrants, make arrests, and carry firearms. The bill was referred to the Armed Services Committee on January 26, 2009.

Filner’s bill would amend the United States code with the following: “Sec. 1585b. Law enforcement officers of the Department of Defense: authority to execute warrants, make arrests, and carry firearms… for any offense against the United States.” (Emphasis added.)

The Posse Comitatus Act, passed on June 18, 1878 after the end of Reconstruction, limits the powers of the federal government to use the military for law enforcement. The Act prohibits members of the federal uniformed services from exercising nominally state law enforcement, police, or peace officer powers that maintain “law and order” on non-federal property within the United States.

H.R. 675 sidesteps Posse Comitatus by defining “law enforcement officer of the Department of Defense” as “a civilian employee of the Department of Defense,” including federal police officers, detectives, criminal investigators, special agents, and game law enforcement officers classified by the Office of Personnel Management Occupational Series 0083 (the United States Office of Personnel Management is described as an “independent agency” of the U.S. government that manages the civil service of the federal government).

The bill hasn’t attracted a single co-sponsor and it hasn’t seen any action in the legislative process.

Cap-and-Trade and Campaign Finance

The Center for Responsive Politics, the people behind the money-in-politics site OpenSecrets, have done an analysis of the House’s vote last Friday passing the Waxman-Markley climate change bill. Based on campaign contribution data going back 20 years, here’s what they found:

Across the board, the industries that have opposed climate change legislation have given more money to the members of the House of Representatives who voted against the sweeping bill than to those who helped pass it. The energy sector overall, for example, gave twice the amount of contributions, on average, to those who voted against the legislation than to those who supported it ($274,000 compared to $124,200).

Their report points out that environmental groups, over the same period, gave only $21,198 to members of Congress that voted in favor of the bill, and only $3,088 to those that voted against it. So, both the energy companies and the environmentalists gave much more to the members that ended up voting their way. But, even though the environmental groups gave less than 20 percent of what the energy companies gave, their position ended up winning out.

Preview of OpenCongress Redesign

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Today, at the Personal Democracy Forum conference, OpenCongress is announcing our biggest update yet, coming this summer: a complete site re-design, more data on “the money trail” in Congress, and new tools to engage with your elected officials. Everyone can be an insider.

Currently, OpenCongress works as a hub of conversation about bills and issues in Congress, but the upcoming redesign will make the site a more powerful organizing platform. If OpenCongress were a software project, we’d call it version 2.0, and we’re excited to get it out into the world.

Here are some screenshot previews of the redesign, along with quick ways for you to give your feedback and help spread the word. First, to the right, check out the new OC homepage in progress — click the image once to see it in full in a new browser window and again to enlarge:

… so fresh & so clean, the redesign improves the readability & usability of all the government data & social wisdom on our pages. We’re continually working toward the point where, instead of feeling overwhelmed or intimidated by government data, newcomers to politics feel more informed and empowered in the face of the legislative process.

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Congress w/ Social Context

Second, our bill page interface has been redesigned with one of the primary aims being to foreground the interactive tools:

… the new right-hand sidebar presents easy access to tracking and voting features, built-in social sharing, and now, as below, the ability to write your elected officials directly from bill pages with your opinion on the bill:

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… scrolling down back on this draft bill page, we’ve brought out and highlighted the social data on “Users Tracking This Bill” — what other bills and Members people are tracking, supporting, and opposing. This data, uniquely generated by the OpenCongress community, works like a “Six Degrees of OpenCongress” — find other topics of likely interest to you in the Congressional haystack, based on the associations of real people.

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Watchdog Congress

Third, we’re especially excited to announce a new set of “Watchdog” features called as part of every free “My OpenCongress” profile:

… on your “Watchdog” tab, you can easily view your Senators’ and Representative’s latest actions, and compare your personal votes “aye/nay” on bills with their official votes on those bills’ passage. Watchdog tabs are accompanied by state- and Congressional district-specific portals to find your elected officials and what other users in your state are tracking, supporting, and opposing. These are significant steps towards our goal of taking OpenCongress more local and facilitating peer-to-peer constituent communication about the votes that matter to you.

More $$ Data

Fourth, we’re integrating more campaign contribution data to help the public follow “The Money Trail” throughout Congress. For Members of Congress, the redesigned site will show new levels of detail from OpenSecrets on which industries have donated to their campaigns. For bills, we’re now syndicating more info from MAPLight on interests that support and oppose the bill (e.g., the recent Climate Change Bill [H.R. 2454]). These are significant additions in making OpenCongress a more useful tool for combating corruption and building broad-based accountability.

Fifth, as part of the redesign launch we’ll be releasing the OpenCongress API, currently in beta. In short, the API provides web developers with automated access to all the data on OpenCongress in order to remix it for their own websites & online communities. In addition to official legislative data, the API offers a wealth of one-of-a-kind social data: bills most in the news & blogs, what’s popular in the Battle Royale, users tracking this bill are also tracking these bills, summaries of hot bills, and much more.

Wiki Knowledge

Sixth and last, the redesign will feature enhanced access to the shockingly useful content available on the OpenCongress Wiki — especially RaceTracker, the community project tracking every election for the U.S. House, the U.S. Senate, and governorship. This crowd-sourced project allows individuals to add information they know about who’s running for office in their district and state, as long as the info is referenced to an outside source. The result is a collaborative, non-partisan, rich web resource on everyone running for Congress in 2010 and beyond. The OC Wiki will also release a new project giving enhanced access to Congressional scorecards from issue-based organizations from a variety of backgrounds. On pages for Members of Congress, you’ll have over 30 scorecards at your fingertips with meaningful votes on important issues, as well as the ability to access all this structured data through semantic MediaWiki. For example, visit the wiki profile of Rep. Gary Ackerman (D-NY) & do a ‘find’ on “Congressional scorecards”.

Help Us Out!

Overall, by making our site more social and interactive, we’re working to make Congress more transparent and accountable. We’re interested in your feedback – to volunteer as a beta-tester and how the new features work for you, simply email us at w/ subject line “redesign”. In the weeks to come we’ll email you a preview link with further instructions on how to help. In the meantime, please help spread the word about our upcoming redesign — short link to Tweet, Digg post to Digg, or simply email this blog post to your friends. As always, OpenCongress is a 100% free, open-source, non-partisan, and not-for-profit joint project of Sunlight Foundation and the Participatory Politics Foundation. Can’t wait to see how individuals and organizations use the new site to get involved in the Congressional process. Thanks for using OpenCongress.

 
 

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Govt. Spending



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MSNBC.com Video

Video: Gingrich’s talking points on health care

July 2: Psycho Talk: Newt Gingrich is holding on to the Republican playbook on health care. In a recent interview, he argued for private insurers, saying, “71 percent of Americans are relatively satisfied with their health insurance." What about the 46 million uninsured? (Other)July 2: Psycho Talk: Newt Gingrich is holding on to the Republican playbook on health care. In a recent interview, he argued for private insurers, saying, “71 percent of Americans are relatively satisfied with their health insurance." What about the 46 million uninsured? (Other)




Video: Independence declared – again

July 2: One of 26 surviving copies of the original printed copies of the U.S. Declaration of Independence was discovered gathering dust in an archive in West London. NBC's Brian Williams reports.  (Nightly News)July 2: One of 26 surviving copies of the original printed copies of the U.S. Declaration of Independence was discovered gathering dust in an archive in West London. NBC's Brian Williams reports. (Nightly News)




Video: Will Gov. Sanford Resign?

July 2: Hardball guest host Chuck Todd is joined by Politico’s Roger Simon and Mike Allen to debate whether Gov. Sanford will resign in Thursday’s Politics Fix.  (Hardball)July 2: Hardball guest host Chuck Todd is joined by Politico’s Roger Simon and Mike Allen to debate whether Gov. Sanford will resign in Thursday’s Politics Fix. (Hardball)




Video: Obama on America’s economic trajectory

July 2: White House economic adviser Austan Goolsbee discusses President Obama’s outlook on the American economy in light of the rising unemployment rate.  (Hardball)July 2: White House economic adviser Austan Goolsbee discusses President Obama’s outlook on the American economy in light of the rising unemployment rate. (Hardball)




Video: Preview of 2010 races

July 2: Governor Brian Schweitzer, D-Mont., and Fmr. Rep. Tom Davis, R-Va., join Hardball guest host Chuck Todd to take an early look at next year’s midterm elections.  (Hardball)July 2: Governor Brian Schweitzer, D-Mont., and Fmr. Rep. Tom Davis, R-Va., join Hardball guest host Chuck Todd to take an early look at next year’s midterm elections. (Hardball)




Video: Congressional travel spending soars

July 2: Big Number: According to the Wall Street Journal, Congress spent $13 million in overseas travel in 2008.  (Hardball)July 2: Big Number: According to the Wall Street Journal, Congress spent $13 million in overseas travel in 2008. (Hardball)




Video: From 'Plumber' to politician?

July 2: Side show: Republican campaign prop Joe the Plumber was asked by World Net Daily if he plans to run for public office, to which he responded, ”I talked to God about that, and he was like, ‘No.’”  (Hardball)July 2: Side show: Republican campaign prop Joe the Plumber was asked by World Net Daily if he plans to run for public office, to which he responded, ”I talked to God about that, and he was like, ‘No.’” (Hardball)




Video: Palin campaign’s contentious e-mails

July 2: Politico’s Roger Simon and Mike Allen discuss the newly released e-mails showing Gov. Sarah Palin’s campaign staff arguing over her husband Todd Palin’s involvement in an anti-American political party.  (Hardball)July 2: Politico’s Roger Simon and Mike Allen discuss the newly released e-mails showing Gov. Sarah Palin’s campaign staff arguing over her husband Todd Palin’s involvement in an anti-American political party. (Hardball)




Video: First Read's Week Ahead

The Week Ahead: Obama's fourth major international trip takes him from Russia to Italy to Ghana, Congress is back, Al Franken gets seated and George W. Bush and Nancy Reagan birthdays.  (NBC News Web Extra)The Week Ahead: Obama's fourth major international trip takes him from Russia to Italy to Ghana, Congress is back, Al Franken gets seated and George W. Bush and Nancy Reagan birthdays. (NBC News Web Extra)




Video: Already grim unemployment figures climb

July 2: The American jobless rate rose in June while unemployment numbers reached a 26-year high leaving many economists to wonder when the trend will begin to reverse. NBC's Brian Mooar reports. (NBC News Channel)July 2: The American jobless rate rose in June while unemployment numbers reached a 26-year high leaving many economists to wonder when the trend will begin to reverse. NBC's Brian Mooar reports. (NBC News Channel)




Video: Obama cautions long road for economic recovery

July 2: President Obama explains that 'it took years for us to get into this mess and it will take more than a few months to turn it around' while speaking about the U.S. economy Thursday. (MSNBC)July 2: President Obama explains that 'it took years for us to get into this mess and it will take more than a few months to turn it around' while speaking about the U.S. economy Thursday. (MSNBC)




Video: Exclusive photos of the suspicious North Korean ship

July 2: The Pentagon confirmed North Korea fired another round of test missiles. Is the country planning a barrage of tests to coincide with the July 4th holiday weekend? David Sanger of the New York Times joins Andrea Mitchell Reports and shares exclusive photos of the suspicious North Korean ship. Jeffrey Goldberg of the Atlantic Magazine also join the conversation.  (MSNBC)July 2: The Pentagon confirmed North Korea fired another round of test missiles. Is the country planning a barrage of tests to coincide with the July 4th holiday weekend? David Sanger of the New York Times joins Andrea Mitchell Reports and shares exclusive photos of the suspicious North Korean ship. Jeffrey Goldberg of the Atlantic Magazine also join the conversation. (MSNBC)




Video: Labor secretary on rising unemployment

July 2: MSNBC’s Carlos Watson speaks with Labor Sec. Hilda Solis about the importance of creating green jobs and the distribution of stimulus money to combat America’s record unemployment rates.  (MSNBC)July 2: MSNBC’s Carlos Watson speaks with Labor Sec. Hilda Solis about the importance of creating green jobs and the distribution of stimulus money to combat America’s record unemployment rates. (MSNBC)




Video: V.P. Biden visits Iraq

July 2: Vice President Joe Biden has made an unannounced visit to Iraq. NBC's Tom Aspell  reports from Baghdad. (MSNBC)July 2: Vice President Joe Biden has made an unannounced visit to Iraq. NBC's Tom Aspell  reports from Baghdad. (MSNBC)




Video: Long-run solutions for job creation

July 2: Yale University professor of economics Robert Shiller talks about the importance of recognizing the urgency of the unemployment crisis with Morning Meeting’s Dylan Ratigan.  (Other)July 2: Yale University professor of economics Robert Shiller talks about the importance of recognizing the urgency of the unemployment crisis with Morning Meeting’s Dylan Ratigan. (Other)




Video: America stuck in traffic

July 2: MSNBC’s Dr. Nancy Snyderman and Transportation Secretary Ray LaHood join MSNBC’s Dylan Ratigan to talk about how road rage affects one’s health, and whether stimulus money will improve U.S. roads. (Other)July 2: MSNBC’s Dr. Nancy Snyderman and Transportation Secretary Ray LaHood join MSNBC’s Dylan Ratigan to talk about how road rage affects one’s health, and whether stimulus money will improve U.S. roads. (Other)




Video: Politicians feel the beat

July 2: What happens when politicians want to dance? A quick look at dance moves from Karl Rove, President Obama, Former President Bush, and Al Sharpton.  (Other)July 2: What happens when politicians want to dance? A quick look at dance moves from Karl Rove, President Obama, Former President Bush, and Al Sharpton. (Other)




Video: Obama eyes job creation, innovation

July 2: White House special advisor Van Jones joins the Morning Joe gang to discuss the president's upcoming meeting with business leaders, as well as the administration's energy reform bill. (Other)July 2: White House special advisor Van Jones joins the Morning Joe gang to discuss the president's upcoming meeting with business leaders, as well as the administration's energy reform bill. (Other)




Video: Buchanan talks GOP, Sanford fallout

July 2: MSNBC's Pat Buchanan shares his take on Gov. Sanford's admitted affair, as well as the potential impact on the national intentions of the Republican Party.  (Other)July 2: MSNBC's Pat Buchanan shares his take on Gov. Sanford's admitted affair, as well as the potential impact on the national intentions of the Republican Party. (Other)




Mises Institute Articles

Dean Krugman to the Marching Band: "Stay the Course!"


All who remember Animal House can recall the scene at the end in which the band is trying to walk through the wall at the end of the alley, having been led there by one of the pranksters from Delta House. Obviously this moment is an absurdity, but nonetheless I can think of no better way to describe Paul Krugman's latest exhortation to the Obama administration to "stay the course."

Free Bernie Madoff


What is the point of jailing him? He is no direct threat to anyone. Society would not be safer with him in the slammer. He is not going to rob people or beat people up. He might write a book and donate the funds to charity or make some restitution to his victims. I, for one, would like to read that book. Instead, taxpayers will be forced to pick up the tab for his living expenses until his death.

Auditing the Fed will Audit the State


The Fed is a racket at heart, a con game writ large — what else can you call an organization with the exclusive privilege of printing money in the trillions and handing it over to friends? But if this is true, what does that say about the state, the organization that created and sanctions it? Is the Fed an honest mistake in the state's otherwise undying efforts to preserve our liberty, or might it be a key component of a bigger racket?

How Much Money Inflation?


The Federal Reserve is lying about the nation's money supply (M1). The current figure for money supply is being given as $1.6 trillion. The actual number is $2.34 trillion. The reported number is equivalent to an increase of 16% over the past year. The actual number is equivalent to an increase of 70% over the past year. This compares with the nation's high money-supply increase of 16.9% in 1986.

In Comes the State


The trustees and bureaucrats plan the future based on the science of the day. They act as if they were the intended recipients of a letter written by Claude-Henri Saint-Simon some 200 years ago. In that letter, Saint-Simon envisioned a paradise governed by "men of genius." That was his utopia. Of course, history reveals a different reality.
 

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