The effects may be balanced, but both of them are bad for American wallets. Here is a video that describes the inflationary argument.
Read More......

An Independence Day Tea Party in Columbia is scheduled for July 4th between 12:00 - 2:00.
Columbia Tea Party
Columbia, South Carolina
Saturday, July 4, 2009
11:00-200pm
State House
Main and Gervais
Allen Olson (organizer)
803-466-7217 (organizer phone)
Democrats Plan Huge Tax on Poor, Rich, and Middle Class
Barack Obama
Democrats seem to be using turmoil in Iran and news about Mark Sanford to sneak the law past the eyes of the American people.
Here's something terrifying: Congress passed the $787 billion stimulus bill and we're pretty sure the people who voted on that legislation didn't actually read it. And for sure you didn't have a chance to look at it, either.House Democratic leaders late last night released a revamped, 1,201-page energy and global warming bill (pdf), clearing the way for floor debate Friday even though it remains uncertain if they will have the votes to pass it.View H.Res.554
The House bill posted on the Rules Committee Web site has grown from the 946-page version adopted last month in the Energy and Commerce Committee. Sources on and off Capitol Hill said the bulk of the changes largely reflect requests from the eight other committees that also had jurisdiction over the bill, including the Ways and Means Committee and Science and Technology Committee.

Senator Edward Kennedy and his pals in the Democrat Congress are trying to pass "health care reform."Heritage Foundation, Obama's Health Care Agenda: How it Will Hurt American Families.
Read More......
The federal reserve bank has been printing money at an incredible rate. The money supply has doubled in the past year.Credit markets [collapsed] at the astonishing pace of $856.4 billion per year, their biggest cutback of all time (line 7).A chart captured from the Federal Reserves Quarterly Report backs up the statement. Click on the chart to zoom it in a separate window.


I call this post a reality check. I have a very good reason for writing it.


On June 11, 2009, former Bank of America CEO, Ken Lewis, testified to congress. The subject was the catestrophic decision to aquire with Merrill Lynch. The Merrill Lynch balance sheet was riddled with poisonous mortgage backed securities.Skilled mages have arrived at a gambler's arena, all with the same goal: Winning the big jackpot. Dodging the judge's watchful eyes, the mages use their magic skills to lead the monster they bet on to victory... who will walk away with the largest pile of gold?The Cheaty Mages game is published in Japan at the Kanai Factory by the Japon Brand company.
On April 17, the Environmental Protection Agency (EPA) issued an endangerment finding, saying that global warming poses a serious threat to public health and safety. Thus, almost anything that emits carbon dioxide and other greenhouse gases could be regulated under the Clean Air Act. This is the first official action taken by the federal government to regulate carbon dioxide.City, State: Greenville, SC
Dear Administrator Jackson,
I am strongly opposed to Docket ID # EPA-HQ-OAR-2009-0171, the Proposed Endangerment Findings for carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride. They do not threaten the public health and welfare, and regulation of such gases would cause economic harm.
The proposed endangerment finding the EPA issued is the first step in the Agency’s proposal to regulate carbon dioxide through the Clean Air Act, a law never intended to do that. Because 85% of America’s energy production is from fossil fuels, any attempt to regulate, cap or tax CO2 emissions will increase the price of energy and constitute an invasive new energy tax on the American people and on American business.
This new tax will burden businesses and consumers for years to come. The planned global warming tax could shrink the American economy by nearly $7 trillion by the year 2029. Single-year losses exceed $600 billion in 2029, more than $5,000 per household. Even worse, energy costs would skyrocket 30 percent or more, and annual job losses would exceed 800,000 in several years in the near future. Hit particularly hard is manufacturing, which will see job losses in some industries that exceed 50 percent.
Despite the proposed economic harm, the EPA has failed to conduct an environmental impact study, including a costs benefit analysis of the proposed regulations. Obviously, there is a reason the agency is shirking its duty. It is because there is no discernable environmental benefit to the new regulations.
In fact, analysis by the architects of the endangerment finding, the EPA, strongly suggests that a 60 percent reduction in carbon-dioxide emissions by 2050 will reduce global temperature by 0.1 to 0.2 degrees Celsius by 2095. While putting in place costly regulations on the entire U.S. economy is always a bad idea, it’s especially nearsighted to do so in such difficult economic times.
Using the Clean Air Act to regulate carbon dioxide would likely be the most expensive and expansive environmental regulation in history and will bypass the legislative process completely. In other words, the action is unconstitutional and constitutes taxation without representation. Such action could lead to a justsified revolution against the Government, as advocated by Thomas Jefferson and demonstrated by our Founding Fathers.
Furthermore, although the Environmental Protection Agency claims the effects of carbon dioxide and other greenhouse gases are compelling and overwhelming, the scientific evidence suggests anything but that. The agency should not act prematurely to regulate something that is not a problem to begin with. Therefore, I respectfully ask that the Environmental Protection Agency not formalize the proposed aforementioned finding and furthermore, that the Department not involve itself in the regulation of carbon dioxide.
Sincerely,
In an earlier post today on this subject, I wondered why Senator Jim DeMint voted in favor of obligating the U.S.A. to make billions in loans to the IMF. GovTrack Since then, I located Senator DeMint's May 21, 2009, comments about the IMF Bailout Bill. It looks like Senator DeMint knew exactly what was in the War Appropriations Bill when he voting for it. Below are his remarks about it.That is, in effect, what we are doing with the International Monetary Fund. Let me explain to my colleagues a lot of things I didn't know until I looked into this. The International Monetary Fund was set up to make loans to nations; to help nations that might need money to get through a financial crisis. Many nations are involved, but we give them $10 billion as a kind of deposit to the fund. Currently, the IMF has the authority to use that money continuously. But we also give them the right to draw another $55 billion from our Treasury at any time. In effect, the International Monetary Fund can appropriate $55 billion from the U.S. Treasury anytime it wants. They now have over $60 billion of our money that they can use all over the world.
We can debate whether that is a good thing, but what the President has asked for, and this bill provides, is an additional $100 billion credit line, in effect, to the International Monetary Fund, and it ups our deposit another $8 billion. We are going to take another $8 billion and put it in the International Monetary Fund to be used. But then we make appropriators out of the International Monetary Fund. We give them a permanent credit line of an additional $100 billion that they can appropriate anytime they want around the world.
There are a lot of good things we would like to do as a country, as a Congress. We would love to improve our education system. There are a lot of challenges in health care. We have talked about our roads and bridges decaying. There are so many good things we would like to do that we don't have the money for. How can we possibly tell an International Monetary Fund that they can take $100 billion anytime they want from the U.S. Treasury if there is an emergency somewhere in the world?
There will be emergencies in these times. The interesting issue we are not thinking about is we are going to have more and more crises here at home. We know California is heavily in debt--over $20 billion. They are talking about a financial collapse, as is New York and other States. But the size of California's debt is only one-fifth of what we are giving the International Monetary Fund.
I don't think we have added up all of this. I am very concerned we are not considering how much money we are talking about. Let's put $108 billion in context. I know some will come and say we are not spending that amount of money, we are just authorizing it, which means it can be appropriated anytime, but we are not spending it. In fact, they took the effort to get CBO to change the way it normally scores so this is not spending. They are saying the risk is only like $5 billion. But the International Monetary Fund can take $100 billion out of our Treasury anytime it wants.
With the world situation the way it is, I think we are being very naive to think it will not come out. We were told most of the TARP funds would not be used. We used most of the TARP funds.
But let's think about this $100 billion. That is more than we spend as a Federal government on transportation all year. The 2010 budget for transportation is $5 billion. It is more than we spend on education for a whole year--$94 billion in our country. It is more than we spend on veterans' benefits. It is a lot of money. But very often we are talking about our own services to our own people in this country for which we do not have enough money. We need to remember the International Monetary Fund, while it may serve in theory a good purpose, people on the board who decide how this money is used include countries that we say are terrorists, such as Iran. Do we think Iran is going to help the United States when we are in trouble?
Let's look at our current situation. Our current national debt as a country is $11.2 trillion--more than any other country in the world. We are the most indebted country in the whole world. Our per capita debt is $37,000. Every man, woman and child in this country owes $37,000, based on what we have already borrowed. But if you include Social Security and Medicare liabilities, our current expenditures will exceed tax revenues by $40 trillion over the next 75 years. Our debt is now 80 percent of our gross domestic product--80 percent of our total economy, which is the highest level since 1951.
The President's budget estimates that total debt relative to our total economy will rise 97 percent by 2010 and 100 percent thereafter. We are going to have debt that is larger than our total economy in the next year or two.
We currently owe $740 billion to the People's Republic of China and we owe $635 billion to Japan and $186 billion to the oil exporters. Keep in mind, if the IMF does access this $108 billion, we will have to borrow it in order for them to get it, and we will have to pay interest on that money. We will be told we will earn interest on any money that is borrowed, but we will likely pay even a higher interest rate in order to make that money available. When we do, we increase our debt even further.
GovTrack Site. Senator DeMint tried to amend the Senate Bill to remove IMF loan provisions. He also tried in the same amendment to stop the sell-off of American gold. The Amendment attempt failed, apparently with the supporting hand of northeastern, RINO Senate Republicans like Judd Gregg (R NH). GovTrack Vote on Amendment
This blog posted a month ago in Mr. Obama's War that the Democrat Congress plans to spend billions more tax-payer dollars for America's ongoing, undeclared foreign wars. We simply cannot afford the cost.And, Mr. Speaker, I say to the gentleman that the belief on our side is the purpose of the war funding bills should be to provide our troops with the support they need, not this controversial global bailout money. Mr. Speaker, I would say more than that, what we believe is--currently from the reports is that the bill would eliminate $5 billion from the defense spending directly for our troops and provide that $5 billion credit towards the guarantee that the United States would have to provide to the IMF.GovTrack Site. Read More......
Mr. Speaker, even further, we understand that in this provision in the bill, in essence we would be providing for more money for foreign countries in terms of a global bailout than we would be for our own troops.
And the even more troubling part to many of us, Mr. Speaker, is the fact that the IMF program allows eligibility for countries like Iran, Venezuela, Zimbabwe, Burma and others. And that these countries, Mr. Speaker, are not necessarily in pursuit of policies that help the national security of this country. And given the fact that our President has said we don't have the money, how is it, Mr. Speaker--and I would ask the gentleman--does he think that we ought to be delaying the funding of our troops by including the provisions that we've just spoken of? And I yield.
. . . .
And is it appropriate in a war-spending bill for the taxpayers of this country to be guaranteeing $108 billion dollars to the IMF when we're only providing our troops $80-some billion? So that's more than we're providing our troops for a global bailout. And that is the first line of questioning, Mr. Speaker.
Secondly, does he expect to produce more than the 200 votes that the gentleman's side produced on the first go-round on this supplemental bill? Because if not, then he would need to have some support from this side of the aisle. And Mr. Speaker, I would say to the gentleman, the New York Times has pointed out May 27, Hezbollah, the Shiite militant group, has talked with the IMF and the European Union about continued financial support.
So is he aware that this money that we are affording the IMF to extend to countries who are in need would include countries where Hezbollah would have some impact on the disbursal of those funds.
Obama Administration is organizing a grass roots support group to help it implement socialistic policies. The organization is called Organizing for America. This Administrative orchestrated group is putting together a National Healthcare Day of Service rally on June 27. It would be shocking if ACORN groups are not well-represented in the potential crowds considering how much money the Democrat government is giving away to ACORN.Sandra and our other esteemed leader, explained to the group that the primary focus of the administration's efforts to sell the health care plan was going to be in emphasizing “personal stories”. So for the next few months expect a steady stream of sob stories about some guy named Raymond who has Lupus and has to subsist on cat food in order to pay his skyrocketing health care bills. The Obama administration knows that the majority of Americans will not be able to grasp the consequences of this complex plan and therefore, as liberals tend to do, they plan on playing on the emotions of the American people in order to sell the massive bureaucracy in which this plan will inevitably result.

The federal bankruptcy laws provide for two main types of bankruptcies. First, you have Chapter 7 bankruptcy, a reference to the portion of the code. Those are liquidations. The idea behind Chapter 7 is that a debtors assets are sold and the proceeds are paid to the creditors. The debt will very substantially outweigh the assets. Thus, the creditors are paid a percentage of the debts.
If you are looking for an opportunity for an interesting Bible study, perhaps you should join our group at Bridgepointe Church in Taylors. Click on the link for a map and directions. We start our meetings at 10:00 a.m. on Sunday morning.For by grace you are saved through faith, and this is not from yourselves; it is God's gift—not from works, so that no one can boast.Ephesians 2:8-9.
If a brother or sister is without clothes and lacks daily food, and one of you says to them, “Go in peace, keep warm, and eat well,” but you don't give them what the body needs, what good is it? In the same way faith, if it doesn't have works, is dead by itself.James 2:15-17.
Richard Gage, member of Architects and Engineers for 9/11 Truth, is interviewed on KMPH Fox 26 in Fresno, California, about the events of September 11, 2001. He has been an architect for over twenty years, and is experienced in steel structures. He, as well as 700 other architects and engineers, calls for a more thorough investigation into the collapses of the World Trade Center Buildings.Read More......
Topics discussed:
Proof of thermite and nano-thermite (explosives) found in WTC dust.
All three of the World Trade Center Buildings were brought down by controlled demolition.
Building 7s collapse at freefall speed into its own footprint.
Fires had never brought down a steel structure before 9/11, and have never brought down one since.
Several tons of molten iron at the base of the buildings.
Al Qaeda was not responsible for the collapses.
Much more! Watch and spread this video!

The career Justice lawyers were on the verge of securing sanctions against the men earlier this month when their superiors ordered them to reverse course, according to interviews and documents.
I watched the shorter man with the weapon point it at individuals and slap it in his hand.
I watched the two uniformed men confront voters, and attempt to intimidate voters. They were positioned in a location that forced every voter to pass in close proximity to them. The weapon was openly displayed and brandished in plain sight of voters.
Their clear purpose and intent was to intimidate voters with whom they did not agree. . . . I heard the shorter man make a statement directed toward the white poll observers that “you are about to be ruled by the black man, cracker.”
Spanish philosopher George Santayana (1863-1952), said in The Life of Reason (5 volumes, 1905-06): Those who cannot remember the past are condemned to repeat it.Our Bible study group has been studying the prophesies of Micah. This week we finished up the study by looking at the condition of the last days of the nation of Judah. The southern kingdom of Judah was destroyed by the Babylonians in 587 BC, and the people were carried away into exile. The prophet Micah lived in those last days before the exile and this is what he said.
How sad for me!Micah 7:1-6.
For I am like one who—
when the summer fruit has been gathered
after the gleaning of the grape harvest —
[finds] no grape cluster to eat,
no early fig, which I crave.
Godly people have vanished from the land;
there is no one upright among the people.
All of them wait in ambush to shed blood;
they hunt each other with a net.
Both hands are good at accomplishing evil:
the official and the judge demand a bribe;
when the powerful man communicates his evil desire,
they plot it together.
The best of them is like a brier;
the most upright is worse than a hedge of thorns.
The day of your watchmen,
[the day of] your punishment, is coming;
at this time their panic is here.
Do not rely on a friend;
don't trust in a close companion.
Seal your mouth
from the woman who lies in your arms.
For a son considers his father a fool,
a daughter opposes her mother,
and a daughter-in-law is against her mother in law;
a person's enemies are the people in his own home.
Because lawlessness will multiply, the love of many will grow cold.Matthew 24:12.
Who is a God like You,Micah 7:17-20. Our hope is also based on a firm trust in God's Covenant.
removing iniquity and passing over rebellion
for the remnant of His inheritance?
He does not hold on to His anger forever,
because He delights in faithful love.
He will again have compassion on us;
He will vanquish our iniquities.
You will cast all our sins
into the depths of the sea.
You will show loyalty to Jacob
and faithful love to Abraham,
as You swore to our fathers
from days long ago.