June 12, 2013

Bureaucrats Vote for Whomever Promises Them the Most from the Public Treasury

"The American Republic will endure until the day Congress discovers that it can bribe the public with their own money." -- Alexis de Tocqueville (1805 - 1859)

"The State is that great fiction by which everyone tries to live at the expense of everyone else."

"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship. The average age of the world’s greatest civilizations from the beginning of history, has been about 200 years." -- Alexander Tyler, a Scottish history professor 1787

"I place the economy among the first and most important virtues... and public debt as the great danger to be feared. To preserve your independence, we must not let our leaders load us with perpetual debt. We must make our choice between economy and liberty... or profusion and servitude." -- Thomas Jefferson -- Frederic Bastiat

"It is the duty of the patriot to protect his country from its government." -- Thomas Paine

"Who will govern the governors? There is only one force in the nation that can be depended upon to keep the government pure and the governors honest, and that is the people themselves. They alone, if well informed, are capable of preventing the corruption of power, and of restoring the nation to its rightful course if it should go astray. They alone are the safest depository of the ultimate powers of government" -- Thomas Jefferson

"If the American people ever allow the banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered. The issuing power of money should be taken from banks and restored to Congress and the people to whom it belongs. I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies." -- Thomas Jefferson

[Source]

IRS Not the Only Biased Federal Agency, Welch Says

Former GE boss Jack Welch explains why he believes the man who exposed secret U.S. surveillance programs should be brought back to the U.S. and prosecuted. He also talked about his skepticism over the employment report.

June 11, 2013
CNBC - Former General Electric Chairman and CEO Jack Welch said Tuesday on CNBC that the IRS scandal sheds light on how political biases play a part in decisions made by government agencies, including the Bureau of Labor Statistics (BLS).
"When the government unions and the government employees are in subjective jobs, no matter how decent the people are—let's assume they are all perfect—their biases have to come through," he contended on "Squawk Box."
In 2012, public-sector workers had a union membership rate of 35.9 percent—more than five times higher than the private sector's 6.6 percent participation rate, according to the BLS.
"The IRS: They want bigger government, better wages. The BLS wants more government and better wages," he continued. "Now you're asking them to make subjective [decisions]. You don't ask firemen to do that."
In the case of the BLS, Welch said he's not claiming the government's monthly employment report is being manipulated, just that he believes human nature makes it impossible for the data-collection workers to check their personal views at the door.

Fueling his skepticism, Welch cited the September employment report, which was announced in October 2012—one month before the presidential election.

At the time, he ignited a firestorm with a Tweet that questioned the growth of nonfarm jobs by 873,000—the largest one-month increase since Ronald Reagan's presidency in 1983—and the unemployment rate drop to 7.8 percent.

@jack_welch wrote:
Jack Welch         @jack_welch
Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers
Reflecting on those numbers Tuesday, Welch said they had indicated strong fourth-quarter economic growth that never materialized.  In fact, he added,
GDP in the final three months of 2012 was the "lowest number in the whole recovery."