Why the Tea Parties Revisited

We now have three primary complaints. 

1. The government has printed money and inflated prices by over 4% every year for the past 50 years.  We can easily debase the currency by printing more money and we’ve done so undetected at the rate of over 4% per year for the past 50 years.

In 1964 new cars were $2,000, now they’re $20,000. Houses were $30,000, now they same house is $300,000. These items increased by 1000% over the past 50 years, increasing at an average of 20% per year.

Family health insurance was $600 a year, now it’s over $12,000 a year; College tuition was $900 a year, now it’s $18,000 a year. Health Care and Education inflated 2000% over 50 years averaging 40% per year.

Federal spending in 1964 was $118.5 billion; now it’s $3.8 trillion.  That’s a 3187% increase and that’s an average increase of 64% per year. Federal spending is the problem. Federal subsidies for education and health care actually increase the cost of these items beyond their price / demand curve.

In 1964, a good family income was $10000 / year, now it takes $100000 / year.  Teenagers were able to buy used cars in 1964 for under $500 to provide themselves transportation to work and school.  Now they have cell phone payments of up to $100 per month and no car and no job.

The way I always used to confirm changes in inflation was to look at the growth in the gross domestic product (GDP). It too has grown 4% per year for that past 50 years. (isn’t that interesting…) The purpose of announcing the GDP is to give us the illusion that we are making progress. Looking forward, because of the size of our debt and the diminishing value of our economic capability, we look forward to debasing the dollar at double the rate of the last 50 years.

Inflation is caused by the government printing too much money. It is perpetuated by federal government deficit spending.  In 1913 the congress passed the Federal Reserve Act giving it the right to tax income and print money. The Gold Standard Act was passed in 1900 defining the dollar’s value at 1.5 grams of gold or a troy ounce at $20.67. From 1930s through the 1970s, the government had debased the dollar to $35.00 per troy ounce of gold. Finally in the 1970s the government cut the dollar loose from gold or silver backing completely and printed Federal Reserve Notes instead of Silver Certificates and stopped backing the dollar with gold or silver. With nothing to tie the dollar to, congress could debase the currency at will, urging the Federal Reserve to print money and cause inflation. That’s when our current bout of overspending and inflation started. Rather than holding to balanced budgets, government continued to spend more than they took in revenue. The 1913 dollar is now worth 3 cents.

2. Government spending, taxing and money printing is now on steroids. In 2004, the national debt was $3.2 trillion. Now, in 2014 the national debt is over $17 trillion and counting.  And, when added to the overspending in the trillions that began with the TARP in 2008 and the stimulus and bailouts in 2009 and 2010 and QE at $1 trillion a year could bring the national debt to $20 trillion in 2019.

In addition, the government has about $100 trillion in unfunded liabilities for our Social Security pensions and Medicare. It does not appear that government will ever reign in the spending when they can simply debase the currency and call it growth, or raise taxes and kill off any recovery.

We believe government should follow the same rules we follow: 1) Pay Principle and Interest when you pay off your debt. 2) Don’t let your debt exceed 2.5 times your annual income. 3) Don’t let your P&I payments exceed 28% of your annual income.

Our federal debt is $17 Trillion and counting. Our GDP for 2014 hovers at about $17 trillion. Our Federal Tax Revenue in 2014 is estimated at $3 trillion. Our Federal budget for 2014 is $3.7 trillion, with trillion dollar deficits planned to 2019. Our Interest cost on the debt is about $680 billion at 4% of the national debt, but interest payments will rise to $1 trillion by 2019. Our real total debt is well over $100 trillion and the total value of all property held in the U.S. is only $50 trillion. We need to reduce our government debt to $6 trillion or 2 times our annual revenue. We expect real GDP to remain flat or even decline.

3. Government has chosen to impose actions that have resulted in irreparable damage to the U.S. private economy.  The genius of our Constitution (as written) was to protect the private economy.  The corruption of our politics with money has taken a new turn.  Legislation and government actions have clearly clashed with public opinion.  We don’t agree with most of the spending government does.  We see too many special interest groups using intimidation and bribery to advance their agendas.  We see too many of these groups who are clearly anti-American, anti-private sector and clearly Marxist.  This exists on all levels of government.  Big money owns the government.

Treaties approved since NAFTA and high corporate taxes have resulted in off-shoring most American jobs. Cumulative legal and illegal immigration since the 1990s has resulted in ever-growing unemployment.  Government has allowed over 1 million legal immigrants per year into the US for decades.  Now, 90 million Americans are jobless and most of them would go to work if work was available.  During the Great Depression, immigration was zero and remained there until the private economy improved.  We’ve seen wage depression caused by the cumulative oversupply of labor for decades.

We see the government continuing to promote the global warming hoax and continuing to implement UN Agenda 21 property and resource taking in onslaughts of Obama’s Executive Orders and Agency actions.  We see government, media, corporations big banks and Big Money allowing Agenda 21 to continue an annual trillion dollars in mal-investment each year.  We see Chemtrails and evidence that the government caused recent catastrophic weather events.  We see FEMA camps and Homeland Security Gestapo units forming.  We see the UN claiming to own our shorelines and scheming to collect taxes from us.  We see the possibility of national bankruptcy and ruinous economic stagnation and inflation.  We see systemic corruption in the relationship of globalists in government and our largest banks and businesses.  We see social engineering taking place to propagandize lies as truth.  We see our Constitution and Bill of Rights ignored at the insistence of American Communists in government and the courts.

Norb Leahy, Dunwoody GA Tea Party Leader