Cry for Me, Argentina!

January 4, 2010

**another chain letter I received:

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In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain ‘s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s second-most powerful economy.

It was blessed with abundant agriculture, vast swaths of rich farmland laced with navigable rivers and an accessible port system. Its level of industrialization was higher than many European countries: railroads, automobiles and telephones were commonplace.

In 1916, a new president was elected. Hipólito Irigoyen had formed a party called The Radicals under the banner of “fundamental change” with an appeal to the middle class. (“Fundamental change”… now where have I heard that recently?)

Among Irigoyen’s changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Put simply, the state assumed economic control of a vast swath of the country’s operations and began assessing new payroll taxes to fund its efforts. (Beginning to sound more familiar?)

With an increasing flow of funds into these entitlement programs, the government’s payouts soon became overly generous. Before long its outlays surpassed the value of the taxpayers’ contributions. Put simply, it quickly became under-funded, much like our Social Security and Medicare programs. (As will our Health Care and other programs!)

The death knell for the Argentine economy, however, came with the election of Juan Perón. Perón had a fascist and corporatist upbringing; he and his charismatic wife aimed their populist rhetoric at the nation’s rich. (Sounds more and more like our current death march into total collapse!)

This targeted group “swiftly expanded to cover most of the propertied middle classes, who became an enemy to be defeated and humiliated.” (And, more!)

Under Perón, the size of government bureaucracies exploded through massive programs of social spending and by encouraging the growth of labor unions. (Do you see the light?)

High taxes and economic mismanagement took their inevitable toll even after Perón had been driven from office. But his populist rhetoric and “contempt for economic realities” lived on. Argentina’s federal government continued to spend far beyond its means. (Can’t happen here you say…Yes it Can!)

Hyperinflation exploded in 1989, the final stage of a process characterized by “industrial protectionism, redistribution of income based on increased wages, and growing state intervention in the economy…” (Will Never Happen Here…it has already begun!)

The Argentinean government’s practice of printing money to pay off its public debts had crushed the economy. Inflation hit 3000%, reminiscent of the Weimar Republic . Food riots were rampant; stores were looted; the country descended into chaos. (Impossible! Do not wait to STOP IT!!!)

And by 1994, Argentina ‘s public pensions — the equivalent of Social Security — had imploded. The payroll tax had increased from 5% to 26%, but it wasn’t enough. In addition, Argentina had implemented a value-added tax (VAT), new income taxes, a personal tax on wealth, and additional revenues based upon the sale of public enterprises. These crushed the private sector, further damaging the economy. (Can only happen in those lesser countries! No, ARGENTINA was a World power stronger than the US!)

A government-controlled “privatization” effort to rescue seniors’ pensions was attempted. But, by 2001, those funds had also been raided by the government, the monies replaced by Argentina ‘s defaulted government bonds. (Hmmmm….just what is about to happen in the US!!!)

By 2002, “…government fiscal irresponsibility… induced a national economic crisis as severe as America ‘s Great Depression.” (Will we set on our hands and let that happen again… will we?)

We’ve seen this movie before. The politician’s populist plans NEVER work, because power corrupts and government bankrupts everything it touches. For those that will listen, history shouts over and over that we cannot sustain the wild spending and government takeover of business, banking, health care, and continue to inflate unfunded entitlement programs! Like history tells us, it will be utter and complete disaster!!!

Today’s politicians are guilty of more than arrogant stupidity; they are enslaving future generations to poverty and misery. And they will be long gone when it all implodes. They will be as cold and dead as Juan Perón when your children and grand children must ultimately pay for the blind arrogance of politicians!

THINK AMERICA !

WE ARE ALLOWING POLITICIANS TO REPEAT THE FAILURES OF HISTORY!

VOTE EVERY DEMOCRAT OUT OF PUBLIC OFFICE FOR THE NEXT TEN YEARS OR THE ABOVE WILL BE YOUR FATE AND MINE FOREVER!!

THINK…. AND ACT ! !

PS…. while working America cuts back… Congress just increased “government expenditures” by 12% in the “Omnibus” spending bill of nearly half a TRILLION!

Here is just one example of “Government” waste…last year there was ONE person in the entire Dept. of Transportation making over $170,000!
This year that same “Government” Dept. has 1690 people making over $170,000! They are paid over $300,000,000 of our tax dollars for what????

Is your employer, or ANY company, doing that well? NO, they’re losing their business, being forced to lay off tax-payers, and having Democrats increase their taxes.
AND, this Democrat sponsored Omnibus bill has 5,224 earmarks (totally waste-full pork-barrel pay-offs) totaling $4,000,000,000! That’s your wasted taxes and mine tossed to the wind without a single care for the hard, hard work we women (and men) put into our jobs!

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December 16, 2009

Dear C4L Member,

Early tomorrow, the Senate Banking Committee is expected to vote on Ben Bernanke’s nomination to a second term as Federal Reserve Chairman.

Click here to get contact information for Senate Banking Committee members.

Chairman Bernanke has operated without any real accountability while printing trillions of dollars out of thin air and keeping interest rates artificially low, practices that continue the destruction of our dollar and will eventually plunge our economy into an even greater crisis.

But the real issue at stake during this confirmation process is transparency at the Fed.

No one – whether a “Person of the Year” or not – should be able to commit us to deals with foreign central banks or give taxpayer dollars to Wall Street while refusing to tell us who is receiving our money.

When you call the Senate Banking Committee members, urge them to join Senators Jim DeMint, David Vitter, Jim Bunning, and Bernie Sanders by calling for a hold on Bernanke’s confirmation until there is an up or down vote on Audit the Fed (S. 604).

If neither of your senators are on the Banking Committee, click here to contact Senate Majority Leader Harry Reid and tell him it is long past time Audit the Fed receive a standalone vote on the Senate floor.

In Liberty,

John Tate

President

This is another chain letter that was sent to me:

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Last week I purchased a burger at Burger King for $1.58. The counter girl took my $2 and I was digging for my change when I pulled 8 cents from my pocket and gave it to her.. She stood there , holding the nickel and 3 pennies , while looking at the screen on her register. I sensed her discomfort and tried to tell her to just give me two quarters , but she hailed the manager for help. While he tried to explain the transaction to her , she stood there and cried. Why do I tell you this? Because of the evolution in teaching math since the 1950s:

1. Teaching Math In 1950s

A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit ?

2. Teaching Math In 1960s

A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price , o r $80. What is his profit?

3. Teaching Math In 1970s

A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?

4… Teaching Math In 1980s

A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment: Underline the number 20.

5. Teaching Math In 1990s

A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of $20. What do you think of this way of making a living? Topic for class participation after answering the question: How did the birds and squirrels feel as the logger cut down their homes? (There are no wrong answers , and if you feel like crying , it’s ok. )

6. Teaching Math In 2009

Un hachero vende una carretada de maderapara $100. El costo de la producciones es $80. Cuanto dinero ha hecho?

This was sent to me – enjoy!

How Gubment Works

Once upon a time the government had a vast scrap yard in the middle of a desert. Congress said, “Someone may steal from it at night.”  So they created a night watchman position and hired a person for the job.

Then Congress said, “How does the watchman do his job without instruction?” So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.

Then Congress said, “How will we know the night watchman is doing the tasks correctly?” So they created a Quality Control department and hired two people. One to do the studies and one to write the reports.

Then Congress said, “How are these people going to get paid?” So they created the following positions, a time keeper and a payroll officer, then hired two people.

Then Congress said, “Who will be accountable for all of these people?”
So they created an administrative section and hired three people, an
Administrative Officer, Assistant Administrative Officer and a Legal
Secretary.

Then Congress said, “We have had this command in operation for one year and we are $18,000 over budget, we must cutback overall cost.”

So they laid off the night watchman.

NOW slowly.

Let it sink in.

Quietly, we go like sheep to slaughter.

Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY?

Anybody?

Anything?

No?

Didn’t think so!

Bottom line. We’ve spent several hundred billion dollars in support of an agency …  the reason for which not one person who reads this can remember!

Ready??

It was very simple … and at the time, everybody thought it very appropriate.

The Department of Energy was instituted on 8-04-1977, TO LESSEN OUR DEPENDENCE ON FOREIGN OIL.

Hey, pretty efficient, huh???

AND NOW, IT’S 2009 — 32 YEARS LATER — AND THE BUDGET FOR THIS
“NECESSARY” DEPARTMENT IS AT $24.2 BILLION A YEAR. THEY HAVE 16,000
FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB THEY HAVE DONE! THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, “WHAT WAS I THINKING?”
AH, YES — GOOD OLE BUREAURCRACY.

AND, NOW, WE ARE GOING TO TURN THE BANKING SYSTEM, HEALTH CARE AND THE AUTO INDUSTRY OVER TO THE SAME GOVERNMENT?