Posted on 12 April 2009. Tags: Alex Kozinski, appropriation, Bill of Rights, blank check, checks and balances, clause, Commerce Clause, common defense, Constitution, constitutional government, controversial, courts, David Ramsay, debts, declare it void, dual sovereignty, duties, electoral retaliation, enumeration of powers, excises, federal government, Federalism, freedom, general welfare, history, impeachment, imposts, James Madison, judiciary, Judiciary branch, legal interpretation, Legislative branch, levy taxes, liberty, limited government, Lincoln, New York, Noah Webster, playing favorites, Politics, pork spending, porkulus, power, professor, protectionism, public funds, public trust, ratifying convention, Robert G. Natelson, Savannah, socialism, Spending Clause, spending programs, Steven Engel, stimulus, supreme court, tax money, taxation, Taxation clause, taxes, Treasury, united states, Virginia
Has the federal government risen above its constitutional right to tax and spend billions of dollars on pork? What argument do we have which puts a seemingly all powerful federal government back in its constitutional place and restores the principle of federalism? Continue Reading
Posted in Politics
Posted on 05 April 2009. Tags: agriculture, American Recovery and Reinvestment Act, Antarctica, asset bubbles, balance sheet, barack obama, Big Brother, Bill of Rights, bond maturity, bonds, budget deficit, bureaucracy, cap and trade, capital expenditures, capitalism, commodities, congress, Constitution, consumer spending, courts, currency, cut spending, DBA, DBC, debt, deflation, democracy, dependence, diversification, dividends, dollar, DOW, Economics, elections, electricity costs, energy, equities, Fannie Mae, federal reserve, federal spending, financial industry, financial regulations, fiscal policy, fixed rate debt, FNM, FRE, Freddie Mac, free enterprise, free society, GLD, gold, GSG, Health Care, hedge, housing boom, housing bust, housing is a right, inflation, interest rates, international, Investing, irrational exuberance, join a militia, junk loans, labor laws, labor market, laws, leverage, life savings, Medicaid, Medicare, military, militia, monetary policy, money supply, mortgage, nanny state, NASDAQ, national debt, natural gas, oil, police state, Politics, portfolio, portfolio management, precious metals, President Obama, public debt, quantitative easing, question assumptions, Real Estate, regulate carbon emissions, regulations, retained earnings, right to bear arms, Rob Viglione, rolling dice, S&P500, savings rate, second amendment, short stocks, short the market, short-term debt, silver, SLV, social security, socialism, stagflation, stimulus, stock market, subprime debt, TARP, Tim Geithner, TIP, Treasury, treasury inflation protected securities, trust government, union, USD, USO, velocity of money, welfare, WIP, yields
We are moving closer towards a political economy every day. Every dollar borrowed, taxed, printed, and spent by government really comes from the private sector. Trillions of dollars of national resources are being allocated by politicians and bureaucrats towards things they claim will benefit our economy. Congress just passed a $3.6 trillion budget ($1.2 trillion in deficit), and combined the Federal Reserve and Treasury have dumped $13 trillion into the economy in the last 16 months. What we must all ask ourselves right now is whether or not we trust government with our money? Continue Reading
Posted in Economics, Investing, Politics
