Even the Fed Now Admits it

A Federal Reserve official announced today that the US has reached a cross roads towards insolvency. 

"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. "The short-term negotiations are very important, I look at this as a tipping point."

As time moves forward people, agencies, and others will progress through the stages.  The pain train is coming whether people like it or not.  To come out of this is going to take blood sweat and tears, pain is unavoidable and the longer people try and prolong the inevitable the more the final crash is going to hurt.  If you think everything is roses and unicorns, think again.

Resistance is Futile

Apparently SEIU has been harassing Sodexo USA, to the point that Sodexo has now filed a civil suit under the Racketeering Influenced and Corrupt Organizations (RICO) Act.

Union thuggery is the only way unions can continue to gain members and power.  Unions are not looking out for the employees or members, they are looking out for themselves.  They take a percentage of the employees pay in “dues.”  The more the worker makes, the more profit the union gets paid.  This means it’s in their best interests to extort as much as they can for pay.  Then when the employee works harder, pulls extra shifts, and does overtime the union gets paid a percentage of that labor.  The union did nothing for the employee all union does is get paid more.

Unions are worthless, they are nothing more that thieves who in many cases can force their people to give up money just for employment.  What do unions really do currently, seriously?  I fail to see any union do anything I can NOT do myself.  If I don’t like the environment I work in, I have every right to quit.  I do not have a right to work for a particular company, just the same a particular company doesn’t have right to retain me as an employee.  Unions are the creation of people who don’t have the balls to deal with problems themselves.  If you don’t like what a company is doing, do not work for them, do not buy their products, and do not support them.  Unions steal from people under the guise of protecting  and helping them, no different from the government. 

H/T Phil.

Quote of the Day–Alan Andrews (03/20/2011)

And that explains one of the key failings of the Fed. The two necessities in life, food and energy, are experiencing tremendous inflation. But the Fed’s inflation model ignores those things.

How stupid do you have to be to think people don’t need to eat or drive? 

-Alan Andrews-I can’t eat an iPad

[People who end up in positions like that as well as with roles in government end up there not because they are smart, but because they’re too stupid to do anything else.  They are trying to give new lies while the costs of basic living are obviously going up. 

Who cares if the iPad is cheaper, people need to food, water, and fuel to live.  Could the price for an iPad be dropping because demand has decreased?  Has this decrease occurred because people instead are having to spend their money on food and transportation to their job?  The fact is people are spending money on just what is needed, iPads are not necessary to survive.

Our leaders have done nothing but make life considerably harder, more complicated, and then they have tried to conceal it claiming it’s not a “cost of living”.  The most important items that every person needs to survive are ignored.  Remember though, there’s no inflation and everything is fine. –B ]

Quote of the Day–W. Scott Lewis (3/19/2011)

Joking about campus carry legislation is well and good until you find yourself on a college campus, confronted by a madman who’s chosen to ignore the school’s “gun free” policy. Then it’s no laughing matter. –W. Scott Lewis, Campus concealed carry bill no laughing matter

[I have written on this previously, but Scott has a wonderful way with words in this article.  (RTWT) –B]

What does a gun owner look like?

Apparently I don’t look like one.  A coworker of mine said she didn’t see me as a person who would shoot let alone carry a gun.  In other words, I don’t look like a bumbling redneck idiot or helpless, dumb blonde the media portrays gun owners to be.  She was even surprised that I am somewhat of a blogger, which is partially how the topic came up.

Joe Huffman is considered a “red-necked, knuckle-dragging, Neanderthal” and he has his Masters Degree in Electrical Engineering from the University of Washington.  He also currently works at Microsoft.  Why is it everyone thinks gun owners fit into some cookie cutter mold?

Idaho H222

Idaho’s house passed H222 yesterday morning. With a vote of 41-28. This vote was a lot closer than I would like to see and the bill is now rolling towards the state senate.

If you’re an Idaho resident, contact your state senator and tell them to support this bill. If you regularly visit any of the Idaho campuses, contact the appropriate senators and make sure to tell them to support it and why.

As I live on the border, I’m kicking a letter to Dan Schmidt to support the bill since I often find myself on both the WSU and UI campuses. I hope this can roll through to help in the fight to change the Washington Administrative Code as well.

Why is the left so violent, DC Edition

The windows at a GOP office in DC were shot out with a air rifle last night. Previously the left even attacked it’s own offices with many immediately blaming the right. The left has shown a strong history of being willing to use violence.

Many on the “right” as well as those of us with “Wookie Suits” have been remaining calm and collected as all of this goes on. What they forget though is that eventually the victim will fight back, like Casey Heynes, who was repeatedly attacked by a bully and finally said enough is enough.

You push hard enough and long enough, eventually someone’s going to fight back. When they do, their sole goal is going to be to put your ass down so hard you’ll never want to do it again.

Spending more, While cutting back?

So while cutting the budget today by 6.5 billion dollars, congress increased the deficit by 72 billion dollars.

The national debt jumped by $72 billion on Tuesday even as the Republican-led U.S. House of Representatives passed a continuing resolution to fund the government for just three weeks that will cut $6 billion from government spending.

Only our government could increase the national debt while claiming they were cutting back.  The fun doesn’t stop there though because it ends up the Federal Revenue no longer covers the mandatory spending for required government functions.

The White House Office of Management and Budget projects that in the current fiscal year (2011), mandatory spending alone will exceed all federal receipts. So even if we didn’t spend a single cent on discretionary programs, we still wouldn’t be able to balance our budget this year — let alone pay off any of the $14 trillion in debt that we have already accumulated.

Joe had a great example the other day regarding the current finical situation.  At this point the government couldn’t save money even if it wanted to.  Even then it would require serious cuts including getting rid of unnecessary jobs, social programs, and other things that really aren’t the role of government.

While some are vehemently objecting, others will be upset that what was promised them is no longer possible, and it will require that people return to being productive.  Will it be painful, will many be upset they lost money “promised” them you bet.  However you can’t get money for nothing and with how things are going the only solution is going to be to print the money to pay off the debts.  This will weaken the value of the currency and people will be paid their due with cash that is worthless.

The government is still running flat out ignoring the fact that a mile down the road the bridge is out.  You have city councils giving themselves pay raises.  You have public employee unions working to continue and increase their burden on the public.  Then you have congress who are cutting back their budget while actually spending even more.

If you haven’t started thinking about how you’re going to survive the coming economic collapse, you might want to seriously start thinking about it.  This is unsustainable and it appears our elected officials are actually trying to ensure this crisis occurs.