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Archive for March 23rd, 2009

Corporate Welfare, Altruism, and Faith

Monday, March 23rd, 2009

I’m tired of big government sympathizers calling us selfish. I’m sick of the do-gooders calling us introverts. I can’t take it when someone has so little faith in the common man to think that just because I don’t want to give an overgrown, irresponsible, and impersonal government another $1,000 dollars for their next great plan, I might not be willing to donate that money to an organization that deserves my means to help people willing to help themselves instead.

The foundation of good will is voluntarism. If my neighbor is a good man, and he is in need, do you think I don’t have the compassion to help him? Do you think I should give Washington my means to be of assistance, in the hopes that government welfare finds him/her?

The Goodwill Foundation, for example, has given millions of Americans who had made bad choices or been in bad circumstances a job, to get them off of welfare and into the productive workforce. They rely 100% on donations. Goodwill spends 84% of its total revenue on salaries for those looking for work. And now, I have to give my money to Washington D.C., while they waste the fruits of my labor by bailing out businesses that are reckless, before I can give a hand up to an organization that will use it more productively.

ENOUGH!

Take you altruism, give it to Washington D.C., and let me know when you get it back.

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Another $1 trillion government plan

Monday, March 23rd, 2009

The US Treasury, in conjunction with the FDIC and Federal Reserve, has unveiled a plan to purchase up to $1 trillion in toxic bank assets. The US stock market, as well as global markets, are skyrocketing on the hope that this latest plan will solve the problem of debilitating bank debt.

Today’s Treasury announcement, combined with the $1 trillion Federal Reserve plan proposed last week, amounts to approximately $2 trillion of new printing, borrowing, and spending in less than a week.

Despite the momentary, emotionally based bear market rally, national debt and the federal budget deficit just grew a whole lot bigger.

It now appears as if the CBO’s recent, upward revision of the 2009 budget deficit to $1.8 trillion was far too conservative.

Very, very disturbing.

Read the article here.

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