Saul Alinsky Phase II- Confiscate Private wealth to manage the ummaneageable debt through socialization and nationaliization.
Saul Alinsky Phase III -Citizen Resistance met with fascism.
Ping To Article on Obama Retirement Asset Trap, Wealth “redistribution.”
Excerpts are your Friend!
Phase IV-Fascism meets the Second Amendment. Goodbye Fascism.
I personally don’t think this will take place as described. Face it, the Treasury, the Fed, and the big investment houses are joined at the hip. No way is J. P. Morgan, Goldman Sachs, Merrill Lynch, etc. gonna lose control of all that wonderful green money.
More likely is that they will “coordinate” Social Security benefits with private pensions. You got a big 401K? Sorry, no Social Security for you!
Bump for later
What over reach? We'd have plenty of assets to fight those who are determined to kill or enslave us all, if the politicians weren't diverting that money to "bridges to nowhere", buying failed companies with sweet deals for the union buddies of the 'rats, and any number of other "rat holes". Defending the country is the main responsibility of the federal government. Paying for that is an expressly delegated power of Congress.
See Article IV section 4 and Article I section 8 where Congress is delegated the power to:
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
O'bummer has pulled a slight of hand, IOW he's lying again. He'll claim he increased the defense budget. Yes, the top line numbers show a small increase, and the "base" budget(without war costs) and even larger one, but the ammount of the increase, with war costs, was less than inflation, and the amount allocated to the "contingency operations" went down far more than the cost of those operations.
But, here is the bottom line: Defense Outlays ($B): FY09 $551.1 FY10 $524.8.
Plus, that is in "current" or "then year dollars" taking inflation into account the FY09 amount was $560.5 in FY10 dollars. Thus, in real terms, outlays have been reduced (or will be) by about 6.4%.
Numbers for the budget authority (with war costs) are: FY09 654.7 FY10 $663.7 FY09 in FY10 dollars $665.8.
So even budget authority represents a slight decline. But that 6.4% in outlays is really starting to pinch.
Source includes even more information, including other years' budget information.
GREAT POST !!