Posts Tagged ‘Welfare’

Amnesty Bill Encourages Employers To Dump American Workers, Hire Illegals

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Just what we need in this struggling economy…added incentives to hire illegals instead of citizens.

With the bill advancing in the Senate, it’s now up to the House to stop this monstrosity.

Dr. Susan Berry warns:

Under the Gang of 8’s backroom immigration deal with Senators Schumer, Corker and Hoeven, formerly illegal immigrants who are amnestied will be eligible to work, but will not be eligible for ObamaCare. Employers who would be required to pay as much as a $3,000 penalty for most employees who receive an ObamaCare healthcare “exchange” subsidy, would not have to pay the penalty if they hire amnestied immigrants.

Consequently, employers would have a significant incentive to hire or retain amnestied immigrants, rather than current citizens, including those who have recently achieved citizenship via the current naturalization process.

Beginning in January, businesses with 50 or more full-time employees, that do not currently offer healthcare benefits that are considered “acceptable” by the Obama administration, must pay a penalty if at least one of their workers obtains insurance on a new government-run “exchange.” The penalty can be as much as $3,000 per employee.

Many employers have been preparing to cope with the new regulations by slashing the hours of full-timers to part-time status. Since “full-time,” in the language of ObamaCare, is averaging 30 hours per week, employers will, in general, receive the penalty if they have 50 or more employees who are working an average of 30 hours per week.

If the immigration bill becomes law, many employers could receive incentives of hundreds of thousands of dollars to hire amnestied immigrants over American citizens. In addition, these newly legalized immigrants could work “full-time,” an advantage for companies and businesses as well, while employers could lay off or diminish to “part-time” status, American workers.

Read more at Breitbart

Immigration Bill Gives New Legals $3,000 Hiring Edge

Forcing Businesses to Hire Criminals

Mark Levin: Immigration will pass unless we scare the hell out of the Republicans in the House

Conservatives Must Use Immigration Deform Like Obamacare in 2014

Five things you should know about the immigration bill that just got cloture

Senate immigration bill full of bad, so-far-ignored provisions

Ted Cruz Rips “Mad Rush” To Pass Senate Immigration Bill, “Reminiscent Of Obamacare”

Why the $40 Billion Border Security Deal for Amnesty is Worthless

Hollywood Gets Special Breaks in Senate Immigration Bill

Amnesty Bill Could Lock America In One-Party Democrat Rule Permanently

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Amnesty Bill Could Lock America In One-Party Democrat Rule Permanently

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Back in April, M. Stanton Evans explained how current American demographics favor the Republicans in the years ahead – if they don’t blow it by caving to amnesty.  Unfortunately, that’s exactly what they’re preparing to do.

Tara Servatius warns at American Thinker:

At the moment, there is just one, singular force holding back the IRS from making an all-out, systematic assault on conservative Americans as a way of life in this country. That force is the Republican-controlled House of Representatives. Were the body not in GOP hands, the IRS targeting of a significant number of citizens for their political beliefs would have already fallen from the headlines. No hearings would be held. No one would be asked to resign. Or if they were, it would only be for show, as the agency continued to target anti-government Americans with Washington’s tacit approval.

Such a one-party system can be arranged, starting this week, as the Senate begins debating the immigration bill. It’s merely a matter of demographics. If amnesty is given to 11 million illegal aliens by Congress, the shift to an America one-party state will accelerate at warp speed.

That’s because the amnesty isn’t really for 11 million people, but for over 30 million. If amnesty for the 11 million illegal aliens currently in the country passes, within a decade, Rosemary Jenks, a lawyer with NumbersUSA tells me, at least 17 million additional people will qualify for permanent legal status, the first step in the pathway to citizenship. They will come as part of the “family unification” process that will allow today’s illegal aliens to bring their family members here. These people would be eligible to enter the country not decades from now, but in the decade after the immigration bill as currently proposed in the Senate passes. Jenks says her estimate of close to 30 million illegals and their families gaining permanent legal status within the coming decade is actually conservative.

[...]  Republicans and conservatives like to kid themselves that the values they hold in common with largely Hispanic illegal aliens of today could somehow make them competitive with this demographic if they mollified them with amnesty, but that won’t work.

What drives Hispanic voters is simple, and it was captured with shocking clarity by a Pew Hispanic Center poll last year.

A mind-blowing 75 percent of Hispanics tell Pew they want bigger government with more services. Contrast that with just 41 percent of the American public that says it wants bigger government with more services. (Some 45 percent of the general American population wants smaller government with fewer services. For Hispanics, it’s 19 percent.)

This Hispanic love affair with big government isn’t a short-term result of the Great Recession. It isn’t a temporary product of the first-generation poverty; immigrants, legal or otherwise, have always struggled through in America. This affection for big government is uniquely cultural for Hispanics, and so strongly embedded that it apparently persists for generations.

Some 81 percent of first-generation Hispanic immigrants tell Pew pollsters they prefer big government. In the second generation, it’s 72 percent. By the third generation, the number is just shy of 60 percent. Contrast that, again, with the mere 41 percent of the general American population that feels the same.

Conservative or Republican candidates have no way to win this class of voter except to offer him an all-powerful government that provides for more of his needs than the one their Democratic opponent is offering. Otherwise, they’ll lose large portions of this vote — for generations. Once former illegal immigrants start voting, an amnesty granted a decade before by a bipartisan majority will be but a distantmemory.

Read more at American Thinker

Ann Coulter says “If The GOP Is This Stupid, It Deserves To Die“:

It must be fun for liberals to manipulate Republicans into focusing on hopeless causes. Why don’t Democrats waste their time trying to win the votes of gun owners?

As journalist Steve Sailer recently pointed out, the Hispanic vote terrifying Republicans isn’t that big. It actually declined in 2012. The Census Bureau finally released the real voter turnout numbers from the last election, and the Hispanic vote came in at only 8.4 percent of the electorate — not the 10 percent claimed by the pro-amnesty crowd.

[...]  In raw numbers, nearly twice as many blacks voted as Hispanics, and nine times as many whites voted as Hispanics. (Ninety-eight million whites, 18 million blacks and 11 million Hispanics.)

So, naturally, the Republican Party’s entire battle plan going forward is to win slightly more votes from 8.4 percent of the electorate by giving them something they don’t want.

As Byron York has shown, even if Mitt Romney had won 70 percent of the Hispanic vote, he still would have lost. No Republican presidential candidate in at least 50 years has won even half of the Hispanic vote.

[...]  The (pro-amnesty) Pew Research Hispanic Center has produced poll after poll showing that Hispanics don’t care about amnesty. In a poll last fall, Hispanic voters said they cared more about education, jobs and health care than immigration. They even care more about the federal budget deficit than immigration! (To put that in perspective, the next item on their list of concerns was “scratchy towels.”)

Also, note that Pew asked about “immigration,” not “amnesty.” Those Hispanics who said they cared about immigration might care about it the way I care about it — by supporting a fence and E-Verify.

Who convinced Republicans that Hispanic wages aren’t low enough and what they really need is an influx of low-wage workers competing for their jobs?

Maybe the greedy businessmen now running the Republican Party should talk with their Hispanic maids sometime. Ask Juanita if she’d like to have seven new immigrants competing with her for the opportunity to clean other people’s houses, so that her wages can be dropped from $20 an hour to $10 an hour.

A wise Latina, A.J. Delgado, recently explained on Mediaite.com why amnesty won’t win Republicans the Hispanic vote — even if they get credit for it. Her very first argument was: “Latinos will resent the added competition for jobs.”

Read more at Human Events

How to lose 2016 in one easy amnesty bill

Bill Maher Admits The Real Reason For Amnesty: Immigration Reform Will “Just Create More Democrats”

‘First Comes the Legalization’: Rubio Contradicts Tough-Talking Immigration Ads

DeMint vs Rubio: The Heritage Foundation goes all in against amnesty

Immigration Reform Could Lock Democrats In Power For Decades

Immigration reform could be election bonanza for Democrats

Republicans Promote Amnesty While Dems Refuse To Secure Border, Recruit Illegal Immigrants Onto Welfare

Homeland Security ‘Welcome’ Materials Recruit New Immigrants Onto Overburdened Welfare Programs

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Immigration Reform Could Lock Democrats In Power For Decades

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Last month, M. Stanton Evans pointed out that America’s demographics currently favor the Republicans in future elections:

As shown by demographer Eric Kaufman of the University of London, religious couples across all cultures are for obvious reasons (including but not limited to abortion) having more children per family than are the secular-irreligious, whose birthrates are below replacement — which means a declining population.

“After 2020,” says Kaufman, the devoutly religious of all faiths “will begin to tip the culture wars to the conservative side.”

The liberal-counterculture Democrats will of course continue fighting this war in the schools and through the media, but have only one major demographic weapon to counter the fertility gap that is working relentlessly against them.

That weapon is illegal immigration. As the population trends move steadily conservative, the liberals must bring into the country and enfranchise new voters who will reliably cast Democratic ballots.

That, and that alone, is the real issue in the battle over immigration and why the Democrats are so bent on gaining amnesty for illegals. All the rest is window dressing.

Read more at IBD

No wonder they’re pushing so hard for amnesty.   The question is, why are Republicans so stupidly eager to help them?

Immigration reform could be election bonanza for Democrats

Republicans Promote Amnesty While Dems Refuse To Secure Border, Recruit Illegal Immigrants Onto Welfare

Homeland Security ‘Welcome’ Materials Recruit New Immigrants Onto Overburdened Welfare Programs

Case Worker: Illegal Aliens Got Food Stamps by the “Vanload”

Report: Illegals Get $4B a Year in Cash Refunds From IRS

A Problem-solving Approach to Immigration

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New MSNBC Promo Claims Free Food, Housing and Health Care Are ‘Rights’

MSNBC

Funny how Marxists don’t recognize your unalienable right to keep the fruits of your labor (especially if you happen to be more successful than they think you should be), but they claim that they have a “right” to demand free goodies at the expense of others.

Erica Ritz reports at The Blaze:

Speaking outside on a sunny day, Harris-Perry says in an ad that aired Wednesday morning:

Americans will always want some level of inequality, because it’s a representation of meritocracy.  People who work hard and sacrifice and save their money and make major contributions — we think that they should earn a little more.  They should have more resources, and that’s fine.  But we also, however, have to have a floor under which nobody falls.  And if you’re below that — especially if you’re a child and you’re below that — we are not going to accept that.  You do have the the right to health care, and to education, and to decent housing and to quality food at all times.  ​[Emphasis added]

Read more at The Blaze

When something is a “right” (your life or conscience, for instance), it means you don’t have to do anything to earn it. You get to have it just for existing. It’s a gift from your Creator.

When you describe goods and services like food and housing as “rights,” you are saying that the people who produce these goods and services are obligated to provide them for you, whether you pay for them or not. There’s a word for this: slavery. Only slaves are forced to produce for others without compensation. TRUE rights come from God, and are unalienable. They cannot be provided by others, who could just as easily take them away.

You have an unalienable right to work and trade for goods and services. You do NOT have a “right” to demand them free of charge from others.

Sunstein: Obama Wants ‘Second Bill of Rights’

Barack Obama and “The Second Bill of Rights”

Where do your rights come from?

Mark Steyn: ‘Rights’ Have Been Perverted Into Gifts That Kings Bestow Upon Subjects

MSNBC Host: Kids Don’t Belong To Their Parents, They ‘Belong To Their Communities’

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Obama Budget Seeks To Limit How Much Workers Can Save For Retirement

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My grandparents sacrificed and saved for years so they could have a comfortable retirement and still leave an inheritance for their children.  They succeeded.   They live comfortably independent well into their 80′s, and left a legacy to be proud of.   We used to call this responsibility.

According to the Obama administration, however, people who make wise retirement choices need to be reigned in.   The government should decide how much you can save, and how “comfortable” your retirement lifestyle is permitted to be (keep in mind that with today’s lifespan, an average person can live up to 20 or 30 years after they retire, which means they need to save MORE than previous generations, not less).

As far as the Left is concerned, there is no such thing as private property.   There is only what the ruling class “allows” you to keep.

Peter Roff warns at US News:

What President Barack Obama has planned in his upcoming budget, while not exactly a Cypriot-style, government-based raid on private savings accounts, comes too close for comfort. As widely reported Monday, the Obama budget document – which is already a month late – will include a new proposal to limit the total amount an individual can put aside in tax deferred retirement savings like 401Ks and IRAs to an amount sufficient to generate an annual income in the golden years of less than $250,000 per year.

Why do it? According to a senior administration official, The Hill reported, “wealthy taxpayers can currently ‘accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.’”

Who says? It is true that some people use retirement savings plans as a form of tax avoidance, but tax avoidance was, the last time anyone checked, still legal. Major corporations that have the imprimatur of approval from the Obama administration like General Electric and General Motors do it all the time.

What the White House may propose is not a matter of fairness, as the president and his allies are sure to cast it, but one that strikes at the heart of the right to keep for ourselves the product of our hard work.

To Obama, that idea that some may have saved more than others for their retirement is unfair, So is the idea, apparently, that some people make more than others. It’s class envy at its most ugly, designed to appeal to the more than 40 percent of Americans who pay no income tax and who voted for the president in 2012.

It is not a legitimate function of government to determine when a person has saved enough for retirement. “Enough” is a nebulous word just like “rich.” If a cap is in the offing in the near term, can confiscation, a la Cyprus, be far behind?

Read more at US News

It’s theft.  Pure and simple.

Great news! White House finds new ways to soak the wealthy

Obama Budget Proposes Prohibiting Individuals From Accumulating More Than 3 Million In Retirement Accounts

Democrats Push For Government Takeover Of Private Retirement Savings

Obama Begins Push To Confiscate Private Retirement Savings, Nationalize Retirement System

Uncle Sam coming after your retirement savings?

Obama Needs Your 401(k) to Balance His Budget

Obama’s Pension Grab

Class Warfare’s Next Target: 401(k) Savings

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Crony Corporatism: Corrupt Companies Making Money From Food Stamp Program

Boomtown 2: The Business Of Food Stamps

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For the Left, this is all part of the Cloward-Piven strategy to overwhelm the system with impossible demands, bringing about an inevitable collapse that will set the stage for a Communist revolution.

For corporations vying for their turn at the taxpayer trough, this is a dance with the devil…and they don’t even realize it.

Tim Brown reports at Freedom Outpost:

Boomtown 1: Washington, The Imperial City” exposed the cronyism and luxurious lifestyle of Washington, DC’s power elite. On Friday “Boomtown 2: The Business of Food Stamps” Government Accountability Institute (GAI) President Peter Schweizer and Breitbart News Executive Chairman Stephen K. Bannon exposed how politicians and corporations have used the country’s food stamps program to profit on the backs of tax payers.

Though the food stamps program was always meant to be a “safety net” to provide temporary assistance, Schweizer pointed out that it has “become an insider game of power and profit” for corporations who are attempting to get a slice of the $75 billiion provided by the taxpayers.

[...]  The GAI president points out that the food stamps program was intended to provide basic foods, but has grown to include all types of things including soft drinks and fast food. We have also pointed out that the food stamps program has been used to purchase guns, drugs and pay for strippers and massage parlors, not to mention that the USDA has targeted illegal aliens for the program.

The fraud of the food stamps program has grown since EBT cards were issued in 2002, which gave no reason for either government or corporations to look to reform the system or limit the fraud.

Read more at Freedom Outpost

Tom Fitten warns at Breitbart:

The Obama administration is proudly shattering welfare records with an astonishing number of people collecting public benefits long term, especially food stamps.

In fact, as I discussed in a special to be aired on Hannity tonight, Obama and his friends have actually found a way to meld corporate cronyism with food stamp abuse to line their pockets while undermining our election systems at the same time.

Under Obama, the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, has exploded with a record number of people – 46 million and growing – getting free groceries from the American taxpayer. Adding insult to injury, a federal audit revealed last year that many who don’t qualify for food stamps now receive them under a new “broad-based” eligibility program that disregards income and asset requirements.

Obama says the food stamp extension is part of his intention to eradicate “food insecure households.” However, it’s really part of a massive redistribution of wealth. Last year, taxpayers were forced to pay more than $80 billion, including an estimated $750 million a year in outright fraud.

[...]  According to the study, the current food stamp Electronic Benefit Transfer (EBT) card industry is dominated by three main players: J.P. Morgan Electronic Financial Services, Affiliated Computer Services, and eFunds. Together they collect money from 49 states and three territories. In fact, since 2004, 18 of 24 states that contract with J.P. Morgan have paid more than $560 million to the financial monolith.

There is little wonder then that those three companies appear to be perfectly content with the exploding food stamp rolls – and wholly unconcerned about rampant fraud and abuse. As the GAI study observed, “The more persons enrolled in the program, the more money the EBT industry makes.” That may also help explain why, when the state of Florida initiated an eight-month program to detect and prevent fraud among its three million EBT card users, J.P. Morgan saw fit to assign just one employee to the program.

And then there is this: During the 2008 election, Barack Obama received more than $800,000 from J.P. Morgan alone. After his election, the American Recovery and Reinvestment Act, initiated by Obama and passed by a compliant Congress, made two major changes to existing food stamp policies. First, it increased benefits by 13.6 percent. Second, it actively encouraged states to add more recipients to their food stamp rolls.

And the corporate cronyism and political payoffs don’t end there. The House and Senate Agricultural Committees have jurisdiction over all food assistance and distribution programs, including the food stamp program. So, just as one might expect, analysis by the GAI uncovered a clear trend of increasing contributions to Agriculture Committee members of both the House and Senate on the part of J.P. Morgan that clearly coincides with their entry into the lucrative EBT card, food stamp market.

Between 1998 and 2002, JP Morgan’s total contributions per election cycle averaged $82,897. After the bank entered the EBT services market until the 2010 election cycle, their average donation per cycle more than doubled to $215,120. And the Agriculture Committees, in turn, have broadly expanded the number of food stamp recipients.

Of course, the more recipients that are added to the food stamp rolls, the more voters Obama can count on at election time. And the offshoots of Obama’s former client and campaign partner ACORN not only assure that those voters are registered but also that they know to whom they are beholden for their government handouts.

Read more at Breitbart

Food stamps recipients double under Obama; Result? Selling food stamps for an iPhone 5 is all the rage

15% of Americans Now Receive Food Stamps

Boomtown 2: Taxpayers Have Spent 15 Trillion On The War on Poverty

Taxpayers now fund 126 separate federal anti-poverty programs

Schweizer: ‘No One Representing Taxpayer’ In Food Stamp Program

Homeland Security ‘Welcome’ Materials Recruit New Immigrants Onto Overburdened Welfare Programs

Government Launches $3M Ad Campaign To Recruit More People Into Food Stamp Dependency

EBT: How The Culture of Welfare Creates A Parasitic Class That Devours Its Host

How Food Stamps Morphed From Temporary Relief to Permanent Entitlement

Government Benefits Are Destroying The Family, Creating More Poverty

Boomtown: New Series Exposes D.C. Ruling Class Living High On Taxpayer Money

What the Left Misunderstands about Poverty and Dependency

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Obamcare Funding Used To Pay Corrupt ‘ACORN’ Community Organizers

ACORN-Protesters

The application for Obamacare includes registration to vote. Guess which party they’ll be pressuring people to register with?

Mike Flynn reports at Breitbart:

ObamaCare provides millions of dollars in grants to hire community activists and others as “navigators” to assist individuals enroll in health insurance provided by state or federal exchanges and, according to recent reports, register people to vote. In a new rule proposed Wednesday, HHS lays out numerous guidelines for these “navigators”, including paying them up to $48/hour for their work. The rule, guidelines and voter registration effort are a potential vehicle to resurrect ACORN or an ACORN-like entity.

[...]  Requirements for “navigators” is that they have no existing insurance licenses or certifications, conflicting with several recently enacted state laws. They also must be attuned to racial, ethnic and cultural sensitivities, understand “underserved communities” and provide translation services for virtually every language. AARP, NAACP and SEIU are prominent members of Enroll America’s advisory board.

One health expert with close ties to HHS told Breitbart News, “The navigator program, as evidenced by the leadership of Enroll America and yesterday’s rule from CMS, will be a jobs program for unemployable Obama For America campaign volunteers and ACORN remnants.”

[...]  October 1st is the first day individuals can enroll for a program through the exchanges. The government, as a result, will have to hire and train tens of thousands of workers on the complex subject of health insurance over the next few months. Think of it as an enormous census program with less training for a more complex subject.

Read more at Breitbart

Paul Bedard remarks at the Washington Examiner:

The rules allow navigators to come from the ranks of unions, health providers and community action groups such as ACORN and Planned Parenthood. They are required to provide unbiased advice.

Yeah, right.  Good luck enforcing that!

Suprise! Obamacare Application Doubles As Voter Registration, Sets Stage For Intimidation

Obama Admin To Pay Union Workers, Community Activists $48 An Hour To Work As Obamacare “Navigators”

Justice Department Partners With ACORN’s ‘Project Vote’ For Voter Registration Drives

Flashback: Obama Shakes Down Banks For $1 Billion To Pay For ‘Community Organizers’ For 2012 Campaign

CNN Exposes How ACORN Steals Votes For Democrats

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Dr. Ben Carson: Liberals Are ‘Racist,’ Angry He Came ‘Off the Plantation’

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Nothing stirs the Left’s seething rage more than a woman, black or gay person refusing to toe the ideological line and daring to speak out for conservative values.

Dr. Ben Carson is the latest target of the bigoted Left, which does not allow independent thought from “minority” groups they seek to keep under their control.   Mark Levin recently had an amazing interview with Carson, in which they discussed the Left’s agenda to silence conservative minorities.

Kyle Becker has the transcript at the Independent Journal Review:

MARK LEVIN, HOST: These attacks on you, I have to ask you. You’re a religious man. Do these attacks make you want to speak out more and do more or do they cause you to second guess coming out and talking like this?

DR. BENJAMIN CARSON: No, they make me recognize what serious trouble we’re in. And what has really brought it home to me is, you know, I’ve gotten so many letters of support or phone calls or emails from people who believe similarly, but are afraid to speak out because they think there may be retribution. And basically, it proves what I was saying at the National Prayer Breakfast that political correctness is threatening to destroy our nation because it puts a muzzle over honest conversation, and the fabric of our nation is changed without the benefit of a conversation.

LEVIN: Well, you’re right. They don’t want a conversation, do they? They don’t want us to engage. In fact they…

CARSON: No, they want to shut us up completely.

LEVIN: Yeah.

CARSON: And that’s why the attacks against me have been so vicious because I represent, you know, an existential threat to them. They need to shut me up, they need to get rid of me. They can’t find anything else to delegitimize me. So they take my words, misinterpret them, and try to make it seem that I’m a bigot.

LEVIN: And you’re attacked also, in many respects, because of your race, because you’re not supposed to think like this and talk like this. A lot of white liberals just don’t like it, do they?

CARSON: Well, you know, they’re the most racist people there are because, you know, they put you in a little category, a little box. You have to think this way. How could you dare come off the plantation?

Read more at the Independent Journal Review

Listen to the whole interview on the Mark Levin show:

View on YouTube

This Is How Regular, Principled People Get Destroyed By The Liberal Machine

Dr. Ben Carson: White liberals ‘the most racist’

Dr. Ben Carson Boldy Speaks Truth In Front Of Obama At National Prayer Breakfast

The War On Conservative Women And Minorities

Why I am a black Tea Party patriot opposed to Barack Obama

Black conservative tea party backers take heat

Free At Last? ‘Runaway Slave’ Shows How Black Americans Continue To Be Enslaved By Liberal Policies

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Obama Proclaims April ‘Financial Capability Month,’ Plans To Teach Young People ‘How to Budget Responsibly’

ObamaBudget

You can’t make this stuff up!  And no, it wasn’t an April Fools joke!

Terence P. Jeffrey reports at CNS News:

President Barack Obama, who has increased the national debt by $53,377 per household, has proclaimed April“National Financial Capability Month,” during which his administration will do things such as teach young people “how to budget responsibly.”

“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices,” Obama said in an official proclamation released Friday.

[...]  The proclamation on the White House website links to two other government websites: the site for the Consumer Financial Protection Bureau, and MyMoney.gov, which includes materials from 21 federal agencies.

Listed among the “popular topics” on MyMoney.gov is “Managing Debt and Credit,” which includes a link to a page on the Federal Reserve’s website called “Getting the most from your credit card.” Tip 2 on that page is: “Stay Below Your Credit Limit.”

When Obama was inaugurated on Jan. 20, 2009, the total debt of the federal government was $10,626,877,048,913.08. As of the close of business on March 28, 2013, the total debt of the federal government was $16,766,988,432,792.62—an increase of $6,140,111,383,879.54 since Obama took office.

That means that under Obama the federal debt has increased $53,377 for each one of the 115,031,000 households the Census Bureau says there are now in the United States. The president is required by law to submit a budget proposal for the next fiscal year by the first Monday in February.

Thus far, Obama has not submitted his budget proposal for fiscal 2014.

Read more at CNS News

Jeannie DeAngelis observes at Clash Daily:

It’s the liberal way to perceive yourself as diametrically opposed to what and who you actually are. Therefore, Barack Obama being a financially incapable liberal is precisely the reason why the man who has yet to submit a budget proposal for 2014 feels he’s qualified to teach young people “how to budget responsibly.”

What’s next, Bill and Hillary Clinton running a Marital Cohesiveness and Fidelity Seminar? How about first daughters Sasha and Malia, who took not one but two spring break vacations, sharing with the younger set how to spend a week at the Atlantis in the Bahamas and River Run in Sun Valley, Idaho on a limited budget? Sorry, but if Barack Obama is financially capable, then outgoing MSNBC host Ed Schultz is qualified to host a new “Eradicate Bias in the Media” show.

Then again, this is the president who is expert at exempting himself from what he insists others do. That is why a person who clearly has no understanding of sound financial principles can say with a straight face: “I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices.”

Wait! When Obama says “all Americans” does “all” include himself and the $10 million dollar vacationer he’s married to, or does “all” just mean everybody except Mr. and Mrs. Obama?

Either way, the president must truly believe that he’s an authority on stretching a dollar, because in his “National Financial Capability Month” proclamation, he said that his “[a]dministration is dedicated to helping people make sound decisions in the marketplace.” That marketplace, by the way, is the same marketplace that he’s currently in the process of destroying. It could be that President Obama thinks that the soundest way to save money in the marketplace is to exchange the marketplace for something altogether different.

Read more at Clash Daily

Federal Government Goes Deeper in Debt to Warn Young People About Dangers of Overspending

What Awaits Young Americans

What Can Washington Politicians Learn From America’s Moms?

Federal Budget vs. Household Budget: How Do They Compare?

To Pay For Current Spending Commitments, U.S. Government Would Have To Raise Taxes 64%

US Gov’t Is Bankrupt, System of Republican Constitutional Gov’t Is At Stake

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How ‘No-Fault’ Divorce Blazed The Trail For Destroying Marriage

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Back in the 1920′s, women began fighting against a clear double standard when it came to sexuality. Promiscuous men were given a wink and a “boys will be boys” excuse, while promiscuous women were frowned upon. Women were right to fight against this double standard, but they chose the wrong solution.

Instead of working to ensure that sexual purity was expected from BOTH sexes, they fought for the “right” to violate God’s design with equal impunity, believe that would be “freedom.” It wasn’t freedom – it was slavery. It led to rampant STD’s, broken families, and illegitimate and aborted children. It paved the way for the sexual revolution of the ’60′s and the total breakdown of the family.

40 years ago, with “no fault” divorce, we redefined marriage as a relationship based solely on the romantic feelings of the participants. We allow the contract to be dissolved for no other reason than diminished feelings, completely ignoring the fact that children’s rights are thrown aside and their lives destroyed at the mere whim of their parents.

Ronald Reagan is one of my heroes.  But I’ll be the first to say that on this one, he blew it BIG TIME.  I can understand his reasoning.  A victim of divorce himself, he wanted to prevent abandoned spouses from being trashed with false accusations by the spouse who was looking for any excuse to leave.

Instead of protecting abandoned spouses, “no-fault” divorce actually made them powerless to protect their family.  Reagan later regretted signing the law and called it one of his biggest mistakes.  That mistake is what laid the foundation for the battle we are now facing over marriage, 40 years later.

Whenever you are tempted to think that compromising “just this little bit” won’t hurt or change anything, think again.  The Left are experts at using incrementalism to push their agenda, one inch at a time.

Damon Linker argues that the foundation was first laid with the introduction of birth control, which removed procreation as the primary purpose for getting (and staying) married:

Permitting gay marriage will not lead Americans to stop thinking of marriage as a conjugal union. Quite the reverse: Gay marriage has come to be widely accepted because our society stopped thinking of marriage as a conjugal union decades ago.

Between five and six decades ago, to be precise. That’s when the birth control pill — first made available to consumers for the treatment of menstrual disorders in 1957 and approved by the FDA for contraceptive use three years later — began to transform sexual relationships, and hence marriage, in the United States. Once pregnancy was decoupled from intercourse, pre-marital sex became far more common, which removed one powerful incentive to marry young (or marry at all). It likewise became far more common for newlyweds to give themselves an extended childless honeymoon (with some couples choosing never to have kids).

In all of these ways, and many more, the widespread availability of contraception transformed marriage from a conjugal union into a relationship based to a considerable degree on the emotional and sexual fulfillment of its members — with childrearing often, though not always, a part of the equation. And it is because same-sex couples are obviously just as capable as heterosexual couples of forming relationships based on emotional and sexual fulfillment that gay marriage has come to be accepted so widely and so quickly in our culture. (If marriage were still considered a conjugal union, the idea of gay marriage could never have gained the support it currently enjoys. On the contrary, it would be considered ridiculous — as it remains today among members of religious groups that continue to affirm more traditional, conjugal views of marriage.)

Read more at Yahoo!

Once marriage was reduced to a mere partnership of convenience, destroying what was supposed to be a life-long commitment became much easier, and the results were devastating:

In the inaugural edition of National Affairs, W. Bradford Wilcox, director of the National Marriage Project at the University of Virginia, pointed out: “In [September] 1969, Governor Ronald Reagan of California made what he later admitted was one of the biggest mistakes of his political life. Seeking to eliminate the strife and deception often associated with the legal regime of fault-based divorce, Reagan signed the nation’s first no-fault divorce bill.”

After California, every state followed suit.

No-fault divorce answers the Pharisee’s question to Jesus, “Is it lawful for a man to divorce his wife for any and every reason?” with a resounding, “Yes!” Then it adds that it is also lawful for a woman to divorce her husband for any and every reason. In the U.S., wives initiate approximately two thirds of divorces.

It permits unilateral divorce, that is, one spouse can decide “for any and every reason” that the marriage is over giving the other spouse no recourse.

Children of divorce are “two to three times more likely to suffer from serious social or psychological pathologies.”

The result, says Wilcox, was that, when added to the sexual and psychological revolutions of the ‘60s and ‘70s, the number of divorces doubled between 1960 and 1980.

Divorce became acceptable even among Christians, easier to rationalize, and far easier to obtain. People who were unhappy and found their marriages unfulfilling, says Wilcox, “felt obligated to divorce in order to honor the newly widespread ethic of expressive individualism.” Children, everyone felt certain, were resilient and would do just fine.

But children of divorce, says Wilcox, are “two to three times more likely than their peers in intact marriages to suffer from serious social or psychological pathologies.”

Beyond children, divorce often has devastating social, psychological, spiritual, and financial consequences for at least one spouse. And others’ divorces effect all of us by calling every marriage into question. “[W]idespread divorce,” writes Wilcox, “undermined ordinary couples’ faith in marital permanency and their ability to invest financially and emotionally in their marriages—ultimately casting clouds of doubt over their relationship.”

Children of divorce lose their faith in marriage and are less likely to marry themselves. As a result, cohabitation rates have skyrocketed, which is bad news for adults, children, and marriage since, as Michael and Harriett McManus report in Living Together, cohabitation carries a whopping 80 percent failure rate.

Read more at The Institute on Religion & Democracy

In the beginning, the argument was made that divorce wasn’t really harmful to children, and that it would be more harmful if their unhappy parents stayed together.    That has since been entirely debunked.  The damage to multiple generations of divorce-scarred children is incalculable.

Sadly, proponents of gay marriage assure us that there is no harm in denying children either a mother or a father, but that social experiment, like so many others that try to substitute the nuclear family, will fail.   And innocent children will be hurt in the process.

Maggie Gallagher writes at First Things:

“What good excuse would keep a person in an unhappy, unrewarding relationship?” asked one respondent, a woman who left a twenty-five-year marriage because she was “tired of trying to please, gain love, do the ‘right thing.’“ “Would it be denial of a problem?” she asked. “Would it be financial gain, would it be ‘for the children,’ would it be for all the wrong reasons? My question—why would an unwanted spouse wish to stay in a marriage? What is, therefore, wrong with no-fault divorce?”

This is a common sentiment among Americans, one strategy we employ to resolve the moral conflict between two spouses, one of whom wants a divorce and the other does not: You want to hold onto someone who doesn’t want you any more? What kind of loser are you?

On the other side, another woman wrote to tell me of her husband’s decision to divorce her: “At age fifty-seven, he announced he would seek a divorce. All my dreams, hopes, and looking forward to some well-earned ‘golden time’ were dashed and smashed to smithereens. Our thirty-seven-year marriage was to be erased. My former standard of living was obliterated and can never be reached again.” “Our laws,” she complained, “do not differentiate between four months or forty years.”

Nor do they differentiate between a woman who wants to leave an abusive husband and a man who wants to trade in an aging wife. Our laws make no distinctions at all, because no-fault’s primary purpose is to empower whichever party wants out, with the least possible fuss and the greatest possible speed, no questions asked.

The right to leave ASAP is judged so compelling that it overwhelms the right to make (and be held responsible for) our commitments. For twenty-five years we have talked and written and legislated about no-fault divorce as if it represented an increase in personal choice. As the letters I received from divorcees suggest, this is a simplification and a falsification of our experience with no-fault divorce. For in most cases, divorce is not a mutual act, but the choice of one partner alone. “We might expect that both partners would be ready to end the relationship by the time one leaves,” note family scholars Frank F. Furstenberg, Jr. and Andrew J. Cherlin in their book Divided Family. “But the data suggest otherwise. Four out of five marriages ended unilaterally.”

No-fault divorce does not expand everyone’s personal choice. It empowers the spouse who wishes to leave, and leaves the spouse who is being left helpless, overwhelmed, and weak. The spouse who chooses divorce has a liberating sense of mastery, which psychologists have identified as one of the key components of personal happiness. He or she is breaking free, embracing change, which, with its psychic echoes of the exhilarating original adolescent break from the family, can dramatically boost self-esteem.

Being divorced, however (as the popularity of the movie The First Wives’ Clubattests) reinforces exactly the opposite sense of life. Being divorced does not feel like an act of personal courage, or transform you into the hero of your own life story, because being divorced is not an act. It is something that happens to you, over which, thanks to no-fault divorce legislation, you have no say at all.

The spouse who leaves learns that love dies. The spouse who is left learns that love betrays and that the courts and society side with the betrayers. In court, your marriage commitment means nothing. The only rule is: Whoever wants out, wins. By gutting the marital contract, no-fault divorce has transformed what it means to get married. The state will no longer enforce permanent legal commitments to a spouse. Formally, at least, no-fault divorce thus demotes marriage from a binding relation into something best described as cohabitation with insurance benefits.

Read more at First Things

Is it any wonder, with the decades of damage that has been done to the definition and purpose of marriage in our society, that people begin to assume that redefining it further is no big deal?

Stephen Baskerville observes:

[H]omosexuals did not destroy marriage, heterosexuals did. The demand for same-sex marriage is a symptom, not a cause, of the deterioration of marriage. By far the most direct threat to the family is heterosexual divorce. “Commentators miss the point when they oppose homosexual marriage on the grounds that it would undermine traditional understandings of marriage,” writes family scholar Bryce Christensen. “It is only because traditional understandings of marriage have already been severely undermined that homosexuals are now laying claim to it.”

Though gay activists cite their desire to marry as evidence that their lifestyle is not inherently promiscuous, they readily admit that marriage is no longer the barrier against promiscuity that it once was. If the standards of marriage have already been lowered, they ask, why shouldn’t homosexuals be admitted to the institution?

“The world of no-strings heterosexual hookups and 50% divorce rates preceded gay marriage,” Andrew Sullivan points out. “All homosexuals are saying C9 is that, under the current definition, there’s no reason to exclude us. If you want to return straight marriage to the 1950s, go ahead. But until you do, the exclusion of gays is simply an anomaly—and a denial of basic civil equality.”

[...]  Conservatives have completely misunderstood the significance of the divorce revolution. While they lament mass divorce, they refuse to confront its politics. Maggie Gallagher attributes this silence to “political cowardice”: “Opposing gay marriage or gays in the military is for Republicans an easy, juicy, risk-free issue,” she wrote in 1996. “The message [is] that at all costs we should keep divorce off the political agenda.”

No American politician of national stature has seriously challenged unilateral divorce. “Democrats did not want to anger their large constituency among women who saw easy divorce as a hard-won freedom and prerogative,” writes Barbara Dafoe Whitehead. “Republicans did not want to alienate their upscale constituents or their libertarian wing, both of whom tended to favor easy divorce, nor did they want to call attention to the divorces among their own leadership.”

In his famous denunciation of single parenthood, Vice President Dan Quayle was careful to make clear, “I am not talking about a situation where there is a divorce.” A lengthy article in the current Political Science Quarterly is devoted to the fact—at which the author expresses astonishment—that self-described “pro-family” Christian groups devote almost no effort to reforming divorce laws.

This failure has seriously undermined the moral credibility of the campaign against same-sex marriage. “People who won’t censure divorce carry no special weight as defenders of marriage,” writes columnist Froma Harrop. “Moral authority doesn’t come cheap.”

Read more at The American Conservative

A blogger named Cindy made these interesting observations about the hypocrisy of Christians who supported “Amendment 1″ in North Carolina:

As long as we’ve still got easy, no-fault divorce, and a culture that excuses and applauds all sorts of “straight” perversion, I’m afraid I just can’t get myself all worked up about a mere one or two percent of the population wishing to do what the rest of us have been doing for a couple of generations now—have a temporarily monogamous life with the person of their choosing, along with all the privileges that the State has chosen to attach to that temporarily monogamous lifestyle.

Let’s face it, Christians, we’re not having this conversation because homosexuals pose some kind of threat to our way of life. (They don’t.) We’re having this conversation because we’re finally at the bottom of a slippery slope that we polished to a glossy finish for ourselves when we separated marriage, sex, and procreation from each other, making the union of matrimony about our own happiness rather than about familial and social stability. Now we’re just trying to stop the slide before we fall off the cliff entirely. But we’re not much interested in doing the hard work of climbing back up to marital sanctity ourselves!

[...]   This amendment seems to me to be nothing more than a far-too-late moral panic, with very little thinking behind it at all. Our culture is in a state of sexual anarchy, and most of us—I’ll wager even most of those who voted yes on Amendment One—kinda like it that way! But gay marriage is where we draw our arbitrary line, because the majority of people don’t like that sin the way we like our own.

We seem to hold the superstitious belief that stopping gay marriage at the ballot box will appease the wrath of the God whose opinion we stopped consulting on these matters generations ago.

Wake me up when we’re interested in using marriage for its intended purpose. Until then, I don’t think this amendment is going to amount to a hill of beans, and I’m not going to waste a lot of breath trying to defend it.

Read more at Get Along Home

I disagree with her belief that gay marriage poses no threat to religious liberty (the multiple incidents of discrimination lawsuits against Christians who decline to provide services for same-sex weddings is just one example).   But her assessment of the hypocritical double standard is spot-on.

The solution is not to degenerate marriage even further, but to admit our own culpability in the destruction of marriage, and to fight for its total restoration as it was 50 years ago – not the “status quo.”

I don’t blame gays for hating the current double standard in the churches, where homosexuality is condemned and those who struggle with it are often ostracized, while straight sexual sin is often  justified, and straight sinners are treated with grace and understanding.  In God’s eyes, gay sexual sin is no different than straight sexual sin - both need God’s grace and forgiveness, and neither can be overcome in our own strength, without the power of the Holy Spirit.

In all honesty, I believe the church is going to lose the gay marriage battle, because we deserve to (just as God allowed Israel to be carried off into Babylon, because they had become no different than their pagan conquerors). We have failed to keep our own house in order.  The church has not been salt and light with our righteous behavior – we have become hypocritical finger-pointers.

Of course, going back to seeking sexual purity as a nation can’t be achieved by laws – it has to happen through revival and repentance, beginning with the church.

Marriage and the Conscience of a Nation

No-Fault Divorce a Greater threat to Marriage than Gay ‘Marriage’

Is It Time to Repeal ‘No Fault’ Marriage Laws?

Fewer Than Half of American Children Growing Up In Intact Families, Survey Finds

Married vs. Single Parents: The Divide That Affects Children, Financial Health and Votes

 

Why We’re Losing the Gay-Marriage Debate

 

The Perils of Following Public Opinion Instead of Principles

 

When Did Idolatry Become Compatible with Christianity?

 

Rush Limbaugh Says Gay Marriage Fight ‘Is Lost’ for Social Conservatives: ‘It Is Now Inevitable’

 

On Gay Marriage, Politicians Sell Their Souls for Political Gain

 

Pimped: Republicans going gay for cash

 

Are Republicans Caving On Same-Sex Marriage?

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Latest Cyprus Deal Steals 40% Of Depositors’ Cash, EU Could Be Next

cpb_bank

Cyprus is only the first domino.

Wynton Hall reports at Breitbart:

Cypriot President Nicos Anastasiades has struck a deal with the European Union and International Monetary Fund that will seize up to 40% of uninsured funds from wealthier depositors with over 100,000 euros and will not siphon funds from those below that amount.

The 10 billion euros ($13 billion) bailout plan calls for the Cyprus Popular Bank to be dissolved and all its viable assets transferred to the country’s biggest bank, Bank of Cyprus.

Presently, Cypriot banks have imposed a 100 euros ATM withdraw limit, and Cyprus border officials at air and sea ports have been ordered to confiscate the funds of any traveler attempting to leave with over 10,000 euros.

Read more at Breitbart

How dare they try to keep the money they worked so hard for and saved AFTER taxes were already paid on it?   Don’t they know that private property is an illusion under Socialism?   That the government is free to spend as irresponsibly as it wants, and can steal your money at will to pay the tab?   That’s what they’ve been voting for all this time, right?   Or didn’t they realize it?

Understandably, Cypriots are desperately trying to get their money out, but it’s too late:

The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests, but banks will remain closed until Thursday – and even then subject to capital controls to prevent a run on deposits.

Read more at Reuters

The ruling class insists that stealing money out of their bank accounts is “in their best interests.”   Doesn’t that make them feel better?  They’ll be patriotic and happy to “share the sacrifice” for the greater good, right?   Of course not!

Tyler Durden reports that there is a “Cash Exodus From Cyprus Surges Despite Bank Closures, Capital Controls“:

From FAZ, google translation edited:

Despite the closed banks and a lock for payments in the past week, more money flowed out of Cyprus than in previous weeks, Frankfurter experts report for payments. Prior to the escalation of the crisis in Cyprus accruing on the payment system Target liabilities of Cypriot central bank to the European Central Bank (ECB) had increased daily at approximately 100 to 200 million euros. In recent days was after Parliament the stabilization program initially had to fail, the daily has risen to more than doubleJust in the last week so could cash assets have been withdrawn from Cyprus in the billions, although the Cypriot central bank has actually issued a lock.

How is it possible that cash is leaving the country even with a bank halt? It isn’t, unless of course, the banks aren’t really halted, and some outbound wire transfers, which are permitted, are more equal than other wire transfers which are stuck on the island. Of course, that would imply an “Europe Farm” type of arrangement, which in the bastion of fairness, equality and honesty which is Europe, would be absolutely impossible.

On the other hand, if indeed the drain of the Cypriot banking system has continued despite all the enacted halts during the past week, then it’s game over for Cyprus, which will soon have only the ECB to thank for providing liquidity, an arrangement that may not be the best long-term outcome for a nation whose economy has basically been gutted in the span of one week.

It also means game over for the bailout as envisioned, as the EUR17 billion is history, and much more cash will have to be injected to cover for the stealth outflows.

Read more a ZeroHedge

Cyprus won’t be the only one affected, of course.  An unusually honest Eurozone official has made it clear that the EU will use the same confiscation tactics as Cyprus if things get worse (which of course they will):

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.

The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.

The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.

Read more at The Telegraph

Dijsselbloem tried to retract the statement after investors started panicking, but the damage is already done. Now the cat is out of the bag:

Translation: it now officially sucks to be an unsecured creditor in Europe. In other words: an uninsured depositor.

Why this ad hoc dramatic shift in the European approach to bank solvency, which if anything makes the link between bank and sovereign closer than ever, and crushes all that Draghi achieved in the summer of 2012?

Simple: because what Cyprus allowed was the effective usurpation of democracy - the only reason the Cypriot bailout “passed” (at least so far) is because it was structured as a bank restructuring, a financial system “resolution”, not a tax,and thus not in need of a parliamentary, democratic vote. Because as Cyprus also showed, votes to deprive depositors of cash, whether insured or uninsured, simply won’t fly.

Hence the shift.

However, there is a problem: it means that depositors are now fair game everywhere, and that the ESM or EFSF, with their unlimited scope but “democratic” impleention pathway, are on the backburner.

And now, the scramble to pull uninsured deposits out of banks everywhere begins. Thanks to the new Eurogroup head.

“You ask for miracles, Theo. I give you Diesel-BOOM”

And now, every European depositor is going to their local financial dictionary to look up the definition of General Unsecured Claims, only to see a picture of… themselves.

Read more at Zero Hedge

Simon Black at Sovereign Man blog tells readers to “Expect These Eight Steps From The Government’s Playbook“:

To anyone paying attention, reality is now painfully obvious. These bankrupt, insolvent governments have just about run out of fingers to plug the dikes. And history shows that, once this happens, governments fall back on a very limited playbook:

  1. Direct confiscation

    As Cyprus showed us, bankrupt governments are quite happy to plunder people’s bank accounts, especially if it’s a wealthy minority.

    Aside from bank levies, though, this also includes things like seizing retirement accounts (Argentina), increases in civil asset forfeiture (United States), and gold criminalization.

  2. Taxes

    Just another form of confiscation, taxation plunders the hard work and talent of the citizenry. But thanks to decades of brainwashing, it’s more socially acceptable. We’ve come to regard taxes as a ‘necessary evil,’ not realizing that the country existed for decades, even centuries, without an income tax.

    Yet when bankrupt governments get desperate enough, they begin imposing new taxes… primarily WEALTH taxes (Argentina) or windfall profits taxes (United States in the 1970s).

  3. Inflation

    This is indirect confiscation– the slow, gradual plundering of people’s savings. Again, governments have been quite successful at inculcating a belief that inflation is also a necessary evil. They’re also adept at fooling people with phony inflation statistics.

  4. Capital Controls

    Governments can, do, and will restrict the free-flow of capital across borders. They’ll prevent you from moving your own money to a safer jurisdiction, forcing you to keep your hard earned savings at home where it can be plundered and devalued.

    We’re seeing this everywhere in the developed world… from withdrawal limits in Europe to cash-sniffing dogs at border checkpoints. And it certainly doesn’t help when everyone from the IMF to Nobel laureate Paul Krugman argue in favor of Capital Controls.

  5. Wage and Price controls

    When even the lowest common denominator in society realizes that prices are getting higher, governments step in and ‘fix’ things by imposing price controls.

    Occasionally this also includes wage controls… though wage increases tend to be vastly outpaced by price increases.

    Of course, as any basic economics textbook can illustrate, price controls never work and typically lead to shortages and massive misallocations.

  6. Wage and Price controls– on STEROIDS

    When the first round of price controls don’t work, the next step is to impose severe penalties for not abiding by the terms.

    In the days of Diocletian’s Edict on Prices in the 4th century AD, any Roman caught violating the price controls was put to death.

    In post-revolutionary France, shopkeepers who violated the “Law of Maximum” were fleeced of their private property… and a national spy system was put into place to enforce the measures.

  7. Increased regulation

    Despite being completely broke, governments will dramatically expand their ranks in a last desperate gasp to envelop the problem in sheer size.

    In the early 1920s, for example, the number of bureaucratic officials in the Weimar Republic increased 242%, even though the country was flat broke from its Great War reparation payments and hyperinflation episode.

    The increase in both regulations and government officials criminalizes and/or controls almost every aspect of our existence… from what we can/cannot put in our bodies to how we are allowed to raise our own children.

  8. War and National Emergency

    When all else fails, just invade another country. Pick a fight. Keep people distracted by work them into a frenzy over men in caves… or some completely irrelevant island.

Read more at Zero Hedge

Cyprus bank deal wipes out some large depositors, will confiscate up to 40% from others

“Cyprus Is The Homage Europe Pays For The Denial Of A Systemic Crisis”

The “Wealth Tax” Contagion Is Rapidly Spreading: Switzerland, Cyprus And Lichtenstein

Cypriot Youth Rise Up In Pictures: “They Just Got Rid Of All Our Dreams”

Europe’s Bailout Rebound Lasts Three Hours. Reverses.

The Good, The Bad, And The Extremely Ugly Of The Cyprus Deal

The Great British Cash EUxodus Begins

Cyprus Agrees To Confiscate 20% Of ‘Rich’ Depositors’ Money In Bailout Deal

We Are All Cypriots Now

Cyprus Lawmakers Vote Against Stealing From Depositor’s Bank Accounts To Fund Bailout

Crisis In Cyprus: Europeans Run On ATM’s, Trying To Stop Government From Stealing Their Money

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Cyprus Agrees To Confiscate 20% Of ‘Rich’ Depositors’ Money In Bailout Deal

atmcyprus

It’s not a “tax.” It is government stealing money directly out of people’s bank accounts – money that was deposited AFTER taxes were already paid on it.

Socialism = theft, pure and simple.   Christians who support Socialism need to go back study what the Bible has to say about debt, envy, and theft!

The Independent reports:

An 11th-hour deal with the EU, which has saved the Cypriot economy from the brink, will see investors with more than €100,000 in the nation’s largest banks forfeit a large chunk of their deposits.

The punishing deal – which has been approved by the eurozone finance ministers – will allow the country to receive the €10bn (£8.5bn) bailout it needed before the European Central Bank pulled funding and sent the island on the path to bankruptcy and a possible exit from the single currency.

Under the new agreement, all bank deposits under €100,000 will be secured and guaranteed by the state. The country’s second-biggest bank, The Popular Bank of Cyprus – known as Laiki – will be wound down whilst holders of deposits of more than €100,000 face big losses.

Read more at The Independent

Greek Cyprus sacrifices top banks to resurrect EU bailout

Rampapalooza As Cyprus-Troika Reach Deal (Updates)

Meanwhile, Cash Exodus From Cyprus Surges Despite Bank Closures, Capital Controls

“Cyprus Is The Homage Europe Pays For The Denial Of A Systemic Crisis”

Unsecured Depositors Of The World, Unite… And Get The Hell Out Of These Countries

We Are All Cypriots Now

Cyprus Lawmakers Vote Against Stealing From Depositor’s Bank Accounts To Fund Bailout

Crisis In Cyprus: Europeans Run On ATM’s, Trying To Stop Government From Stealing Their Money

Socialism is Not Compassionate, and Why This Should Matter to Christians

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Republican Establishment Blames Social Conservatives, Tea Party For GOP Being Viewed As ‘Out Of Touch’

gop-vs-tea-copy

Hmmm…could it be that the reason people think the GOP is ‘out of touch’ is that they keep ignoring the American people’s concerns about massive debt, out-of-control spending, the erosion of constitutional liberties, and massive power-grabs like Obamacare?

Karl Rove has founded an organization for the specific purpose of bulldozing Tea Party candidates and replacing them with those hand-picked by the GOP establishment.

House Speaker Boehner has caved on Obamacare, illegal immigration, and a host of other issues, and even says that “trusts Obama completely.”  WTH???

And he’s not the only one.  Eric Cantor, Kevin McCarthy, Paul Ryan and Mitch McConnell have all waved the white flag on Obamacare.

The conservative base has been betrayed again and again by their own party.  But who does the party blame for their losses?  Their base!

David Limbaugh observes at the Patriot Post:

I believe that the disappointing results for Republicans in the 2006 elections and probably the 2012 elections, as well, were in no small part attributable to frustrated conservatives staying at home.

The thinking among many conservatives has been that the party has consistently fallen short by failing to restrain the growth of the ever-expanding federal government and by failing to nominate sufficiently conservative presidential nominees. That is, if we would just nominate and elect Reagan conservatives and govern on Reagan principles, we would recapture majority status in no time.

The main opposing view — call it the establishment view — holds that Republicans need to accept that the reign of small government is over, get with the program and devise policies to make the irreversibly enormous government smarter and more energetic. In other words, Republicans need to surrender to the notion that liberalism’s concept of government has won and rejigger their agenda toward taming the leviathan rather than shrinking it.

I’d feel better if the ongoing competition between Reagan conservatives and establishment Republicans were the only big fissure in the GOP right now, but there are other cracks that threaten to break wide open, too. Our problems transcend our differing approaches to the size and scope of government and to fiscal and other economic issues.

Reagan conservatism is no longer under attack from just establishment Republicans; it’s also under attack from many inside the conservative movement itself. Reagan conservatism is a three-legged stool of fiscal, foreign policy and social issues conservatism. But today many libertarian-oriented conservatives are singing from the liberal libertine hymnal that the GOP needs to remake its image as more inclusive, more tolerant, less judgmental and less strident. In other words, it needs to lighten up and quit opposing gay marriage, at least soften its position on abortion, and get on board the amnesty train to legalize illegal immigrants. I won’t even get into troubling foreign policy divisions among so-called neocons, so-called isolationists and those who simply believe we should conduct our foreign policy based foremost on promoting our strategic national interests.

[...]  I belong to the school that believes the Republican Party must remain the party of mainstream Reagan conservatism rather than try to become a diluted version of the Democratic Party. This does not mean Republicans can’t come up with creative policy solutions when advisable, but it does mean that conservatism is based on timeless principles that require no major revisions. Conservatives are champions of freedom, the rule of law and enforcement of the social compact between government and the people enshrined in the Constitution, which imposes limitations on government in order to maximize our liberties. If we reject these ideas, then we have turned our backs on what America means and what has made America unique. What’s the point of winning elections if the price is American exceptionalism?

Read more at the Patriot Post

Rush Limbaugh is calling the Republicans to task for their “blame the conservative base” mentality:

The Republican National Committee released earlier on Monday an “autopsy” of its 2012 election failures and pinned the blame on the party being out of touch with voters, particularly minorities.

Limbaugh said the opposite was true. “We are in touch with the founding of this country. We are in touch with the greatness in this country and its people,” the popular radio commentator said, according to Politico.

Limbaugh said that if the party moves away from championing values, such as traditional marriage, it will lose support among its base.

“If the party makes that [gay marriage] something official that they support, they’re not going to pull the homosexual activist voters away from the Democrat Party, but they are going to cause their base to stay home and throw their hands up in utter frustration,” Limbaugh said.

Limbaugh said it was party leaders who were out of touch with its own base.

Read more at Newsmax

Jonathon Moseley writes that the problem isn’t conservative values, but a failure to effectively market them to a new generation:

The Republican Party is violating time-tested, basic principles of sales and marketing. That’s why the GOP is failing to communicate its messages. On Monday, the Republican National Committee released a massive reform strategy, whimsically labeled an “autopsy” or “reboot,” to completely overhaul the GOP. Like Democrats in 1992, Republicans are growing hungry to win in 2014 and 2016.

Here is what is wrong with the Republican Party. This author taught in a sales training seminar firm in Eastern Europe, International Trendsetters. The solutions are overwhelmingly time-tested and proven in real life. This is not theory. Republicans are chronically making classic rookie sales mistakes.

“FAB” — Features, Advantages, Benefits. You must explain how a policy benefits the voter. Bad salesmen talk about features – the radio has a better tuner. Good salesmen talk about how the radio benefits the customer – you will enjoy the music more and set a better mood for your love interest because it sounds better and clearer. People don’t buy a mattress. They buy a good night’s sleep. And maybe good décor.

On Monday, RNC Chairman Reince Priebus explained that we must talk about how Americans benefit from low taxes and lower national debt. We have to talk about how Republican policies will put more people to work, at higher salaries, improve our economy, and strengthen our country. Republicans talk about details — lower taxes, lower regulations, lower deficits. We fail to explain why those details actually matter to the voter.

But isn’t it obvious? No. Classic rookie mistake. It’s obvious to you if you spend lots of time thinking about these things. It’s not obvious to busy people who have other things to think about, which they feel are more important in their lives. Yes, you have to draw them a map.

There is an imbalance between the speaker who is extremely familiar with a topic and the listener who isn’t. The speaker needs to understand how the speaker really sounds to the listener. Republicans skip over too many steps and assume too much. The American voters are smart. But they haven’t spent as much time thinking about your topic as you have. We have to be able to empathize with the busy listener and even remember how we were when we first learned about these issues.

It is amazing that the GOP has been so bad at this, when Ronald Reagan was so good at it. If anyone is thinking of running for office, Step #1 is to listen to every speech Ronald Reagan ever gave. Several times. Reagan “got” it. Then the GOP lost it.

Next, the mind abhors a vacuum. What you don’t say can and will be used against you in the court of public opinion. People have never stopped talking about cuts in education, even while education spending soars year after year. People will assume you want to help the rich by lowering taxes. They will assume you hate immigrants. They will assume you want women barefoot and pregnant. If you don’t explain how GOP policies benefit the listener, their minds will fill in the vacuum with other explanations. If you don’t provide a reason, their minds will provide one for you.

Third, love objections. This is one of the most powerful principles good salesmen know. We view objections with dread. A voter tells you why they don’t like the GOP. Time-tested sales techniques have proven that objections are opportunities. When a prospect tells you what he is concerned about, you now have the opportunity to address his or her concerns.

This is especially true when a voter believes something that isn’t true about Republicans — if they are willing to talk to you, that is. Proven sales experience shows that when someone is willing to tell you their negative views, and talk to you about it, you have an open door to dramatically turn around their perceptions.

Of course you have to treat them as a future friend, not as a current enemy. But the overwhelming majority of successful sales are closed after the third or fourth objection. That’s right, most sales succeed after not just the first negative response, but after several negative issues are raised and discussed. But you have to care about the other person as much as you care about yourself to answer their concerns fully, fairly, and respectfully.

Fourth, “ask for the order” as RNC Chairman Reince Priebus described on Monday. In other words, you have to show up. You are not going to win over any hearts or minds sitting in your office across the street from the Capitol South Metro station (the RNC headquarters). It is common sense that you have to go out and talk to Hispanics, Blacks, and other groups.

The GOP’s “outreach” efforts have often been embarrassing. Republican campaigns appoint leaders of, say, “Korean-Americans for Bush,” then order bumper stickers and campaign pins. And that’s about it. Pretending to be doing outreach, but not really, is a Republican specialty.

Read more at American Thinker

Republican Establishment Misdiagnoses Party’s Ills

Memo to the GOP: Liberty Is Colorblind

Are Social Conservatives To Blame For Republican Losses?

FreedomWorks President Matt Kibbe Debates Tea Party vs. Establishment on Fox News

Why The Left Wins: Democrats Purge Moderates, Republicans Purge Conservatives

Karl Rove, Establishment GOP Declares War On Tea Party

Mark Levin: Conservatives Must Take Over GOP, Tea Party Only Thing That Stands Between Liberty And Tyranny

GOP Doomed if Establishment Prevails

Boehner Declares War On Tea Party, Purges Fiscal Conservatives From House Committees

Is This The Beginning Of A Republican Party Split?

100 Leading Republicans Join Obama In Petitioning Supreme Court To Support Gay Marriage

Abandoning marriage would create a real ‘autopsy’ report, GOP pro-family leaders say

Social conservatives have statistics on their side

No Mere Marriage of Convenience: Uniting Social and Economic Conservatives

Fiscal And Social Issues Are Inexorably Linked

Social Issues Cannot Be Divided From Fiscal Issues

Unintended Consequences of Capitulating on Social Issues

Why Libertarians Should Support Social Conservatives

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We Are All Cypriots Now

Cypriots

This will only end well for those who are prepared to take care of themselves and their families.

Gary North warns at Tea Party Economist:

The Cyprus central bank decided to keep the banks closed until next Tuesday. The panic is building. This will build it even more.

The British media say the government is looking for Plan B. There is no Plan B.

There will be no tax on bank accounts, says the parliament.

Will there still be a bailout? The European Central Bank has said it will remove the life support tube on Monday. The head of the EuroGroup, which is a no-name committee of the eurozone’s finance ministers, said this: “I’m not sure that this package is completely gone and failed, because I don’t see many alternatives.” In short, “the Parliament had better reconsider.” Or else.

Or else what? Default? Cyprus’ departure from the eurozone? Do the Eurocrats want that? Do they want to risk a poster child for the PIIGS to imitate?

Meanwhile, panic builds. When the banks open their doors next week, they will face a true bank run. People now know: they cannot get their money. They never thought this could happen.

The central bank is playing kick the can. It is buying time. Maybe there will be a Plan B. Problem: if there is a Plan B, maybe the parliament will reject it. Then what?

A nation shuts down economically if its banks shut down. The banks can shut down in two ways: because of bank runs or by decree from the central bank. Today, the banking system has been shut down by decree.

The central bank cannot kick the can much longer. The economy will collapse without banks.

The British media are covering the story.

“We don’t have days or weeks, we have only hours to save our country,” Averof Neophytou, deputy leader of the ruling Democratic Rally party, told reporters as crisis talks in Nicosia dragged on into the evening.

Disaster looms.

The country’s two main banks – Laiki and the Bank of Cyprus – face potential failure if a bailout is not secured. One official told the Associated Press that Europe and the IMF were pressing for the two banks to be wound down. The Cypriot government was said to be considering the possibility of imposing capital controls amid fears that money would flood out of the country once its banks were reopened.

But if depositors cannot send their digital money out of the country, they can still demand currency. The effect is the same: bankrupt banks.

The central bank cannot print euros. It can bail out the system only if Cyprus pulls out of the eurozone. If it does, this will send a message to the PIIGS: “Get out. We did. Save yourselves. We did.”

Read more at Tea Party Economist

Cyprus isn’t the only country facing serious fiscal consequences from unsustainable spending, unfunded liabilities and overwhelming debt.

Robert Romano explains “How the government will steal your savings under Dodd-Frank“:

The people of Cyprus care more about their life savings than propping up financial institutions that lost billions on poor investments in socialist governments’ debts. The idea that somehow they, and not the banks that made those decisions, should bear the brunt of those losses was always disconnected from reality.

Yet that is precisely the presumption the establishment has made — that rather than banks raising substantially more capital to address systemic risk, you and I should pay for bank bailouts — in response to the ongoing financial crisis that began in 2007, and has actually become the basis for such proposals considered all over the world, including the U.S.

In 2009, the G20 asked the International Monetary Fund (IMF) to come up with ways the financial sector might supposedly contribute to its own bailouts.

The IMF study released in 2010 essentially proposed two types of taxes: a levy on financial institutions to create a pool of bailout funds, and a financial transaction tax.

Interestingly, what the IMF came up with as a suggestion had already been implemented a few months earlier by the U.S. Congress in passing the Dodd-Frank so-called financial reform legislation.

Under Dodd-Frank, the Federal Deposit Insurance Corporation (FDIC) is allowed to charge assessments to about 60 bank-holding and insurance companies with $50 billion or more in assets to fund what is called an “orderly liquidation fund.” Really, it’s just a bailout fund allowing the government to take over systemically risky institutions, recapitalize them, and allow them to reenter the market under new management.

The law, as well as the IMF study, presumes that the financial sector will bear these costs. But as a Congressional Budget Office (CBO) analysis of a similar bank tax proposal by the Obama Administration at the time noted, “the ultimate cost of a tax or fee is not necessarily borne by the entity that writes the check to the government. The cost of the proposed fee would ultimately be borne to varying degrees by an institution’s customers, employees, and investors, but the precise incidence among those groups is uncertain.”

Meaning, the assessments would actually be passed on to and paid for by savers and consumers of financial products through the indirect taxation of higher bank fees and other financial transaction costs. Americans for Limited Government warned lawmakers about just such an outcome prior to the legislation’s passage as an affront to private property rights.

[...]  At least in Cyprus the people’s representatives there actually had an opportunity to vote against such a levy. Whereas here, those fees are and will continue to be imposed by the banks with the blessing of government agencies — all without any vote in Congress.

It may happen sooner than anyone realizes. U.S. financial institutions are said to have as much $641 billion of exposure to financial institutions in Portugal, Ireland, Italy, Greece and Spain (PIIGS) according to the Congressional Research Service.

Should the Eurozone really break apart, and U.S. banks are caught in the crossfire, with the American people suddenly paying exorbitant fees for the “privilege” of conducting business electronically, they can decide for themselves whether this was a good idea.

That is, for Congress to outsource and give unlimited grant of its taxing authority to faceless bureaucrats acting in concert with an international banking cartel with the goal of bailing itself out of its own foolishness.

Read more at Net Right Daily

Deposit Taxes: Should We Prepare?

Nigel Farage Message To Europeans: “Get Your Money Out While You Can”

Steve Forbes: Here’s Why Cyprus Could Be A Disaster For All Of Us

Cyprus Lawmakers Vote Against Stealing From Depositor’s Bank Accounts To Fund Bailout

Crisis In Cyprus: Europeans Run On ATM’s, Trying To Stop Government From Stealing Their Money

Is Cyprus Deposit Levy The First Sign Of Widespread Wealth Tax?

10 Things That We Can Learn About Shortages And Preparation From The Economic Collapse In Greece

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Cyprus Lawmakers Vote Against Stealing From Depositor’s Bank Accounts To Fund Bailout

Cavuto: What’s happening in Cyprus could happen here

View at Fox News Video

In 1913, the 16th Amendment gave the federal government the power to tax American’s earnings for the very first time.  Originally a 1% tax to pay for the war, it has ballooned into a confiscatory predator which continually siphons away your hard-earned money to feed the appetite of a government spending addiction that is never satisfied.

Since the immoral premise that government has a right to confiscate your earnings has gone unchallenged for the last 100 years, they now claim the right to steal your assets as well – property that you’ve acquired and invested in with after-tax dollars, through your own hard work an initiative.   Nowhere is this more apparent than the recently instituted 3.8% Obamacare tax on home sales.

Think what is happening in Cyprus can’t happen here?  It already is.

Fox News reports:

Cypriot lawmakers on Tuesday rejected a critical draft bill that would have seized part of people’s bank deposits in order to qualify for a vital international bailout, with not a single vote in favor.

The rejection leaves Cyprus’s bailout in question. Without external funds, the country’s banks face collapse and the government could go bankrupt. Nicosia will now have to come up with an alternative plan to raise the money: the government could try to offer a compromise bill that would be more palatable to lawmakers.

The bill, which had been amended Tuesday morning to shield small deposit holders from the deposit tax, was rejected with 36 votes against and 19 abstentions. One deputy was absent.

Read more at Fox News

Too late.  The threat has already been made.  They have officially declared that they believe that the hard-earned money in private citizens’  bank accounts are fair game for the taking, and property rights are easily dispensed with when governments overspend.   I wouldn’t trust them as far as I could throw them, and neither will most Cypriots!

The smart people will get their money out before they have another chance to try a scheme like this.

MP Nigel Farage is warning European investors to “Get Your Money Out While You Can“:

In Nigel Farage’s first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.” The simple fact is that they know they cannot let any country leave, no matter how small, for “once one country goes, the whole deck of cards will come tumbling down.” There is now “clear irreconcilable differences” between the North and the South of Europe and now that they have done this in one country, “they are quite capable of doing it in Italy, Spain and anywhere.” The message that sends to people is “get your money out while you can.” As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. “Do Not Invest In The Euro-Zone,” he concludes,“you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based.”

“They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so.”

Read more at Zero Hedge

As Neil Cavuto points out, what is happening in Cyprus is already happening in America…it’s just that most people don’t realize it.

Katie Pavlich notes that American’s 401K plans already top the list of assets the government is threatening to seize:

As a reminder, the United States government has been eying and researching how Americans use their 401k plans for quite some time now. Recently we saw the U.S. Consumer Financial Protection Bureau suggest the government help “manage” retirement plans.

[...]   In February, the Washington Times went so far as to ask “is your 401k about to be nationalized?”

The $19.4 trillion sitting in personal retirement accounts like the 401K may be too tempting an apple for a government that is quite broke, both monetarily and morally.  The U.S. Consumer Financial Protection Bureau director Richard Cordray recently mentioned these accounts in a recent interview, stating “That’s one of the things we’ve been exploring and are interested in, in terms of whether and what authority we have.”

This agency, created by the 2010 Dodd-Frank-Act, is very concerned about how safe your retirement savings are. They are apparently concerned that retiring baby boomers may become victims of financial scams.

If the government takes control of retirement accounts, it will not be called “nationalization.” There will most likely be an indecipherable document that provides an opt-out option (initially), but why would you want to do that? The US government only wants to ensure the safety of your retirement funds; they did after all create a new bureaucracy for that specific purpose.  And what could be a safer investment than US bonds?

Read more at Townhall

“Repair_Man_Jack” warns at Red State:

Karl Denninger…cites some reasons for being concerned that this express train intends to flatten the US in the coming years. He lays out whywe may need recourse to something like this.

In two years federal medical spending along with Social Security and interest will, on current paths, reach the total of all tax receipts. At the outside the market will realize that Congress will never address the underlying issue with medical care because they have steadfastly refused to do so…. There is about $20 trillion in US Retirement “assets.” A “small” 10% “one time” tax levy on those assets would fund the US Deficit a couple of years from now, and I will go out on a limb now and predict that exactly that will be done. Of course the “one time” aspect will be a lie too…

He goes on to explain how the test case for this has already been successful. And how the American People have already allowed the legal precedents to allow this to happen to be codified in case histories all the way up to the USSC.

the precedent has already been set, and you, the common American, sat for it.
You allowed the GM bailout to take place where the seniority of bondholders was ignored and they were screwed while the UAW was made whole. You allowed Obamacare to be passed with the Congress denoting it was a “fine” rather than a Tax, because Congress knew that a direct, unapportioned tax was unconstitutional — and then you sat again when Judge Roberts of the USSC rewrote Obamacare to be that very same unconstitutional direct Tax.

Mark my words, Obamacare has very little to do with Health Insurance. This is why nobody in government feels any particular concern over the fact that it screws health insurance up so badly. If you are in government and you want the power to run things by fiat, this law just gave you the keys to a Barchetta with a full tank of petrol.

Now some of you have quaint hang-ups stemming from a silly political dope-deal known as The American Bill of Rights. For those who knit-pick abstruse details, Amendments IV and V get really anal about this property rights jib-jab.

Amendment IV
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
Amendment V
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

Not to worry Komerade Amerikan. There are apps for this as well. Kelo v. New London is a landmark case that helps put the subjects in their proper place. As long as your bank account can be construed as conferring a public benefit through public use, this lovely piece of jurisprudence would justify its seizure down to the last penny.

Bottom line: The state can steal your property, your wealth and your sustinence at any time they get pissed off enough or desperate enough to do so. You have no recourse to the law against this. The law is pathetically bastardized. Remember how that Arch-Conservative Supreme Court was poised to heroically strike down The AACA? Forget it Jake, we are all Cypriots now.

Read more at Red State

Crisis In Cyprus: Europeans Run On ATM’s, Trying To Stop Government From Stealing Their Money

Is Cyprus Deposit Levy The First Sign Of Widespread Wealth Tax?

Impact Imminent?

Cyprus ATMs Low On Cash, Credit Card Payments Refused; Medvedev Compares Europe To USSR

German Commerzbank Suggests Wealth Tax In Italy Next

Democrats Push For Government Takeover Of Private Retirement Savings

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