True Debt

We have a massive, misunderstood debt problem.  Income tax receipts are roughly $900 billion a year. Corporate taxes are roughly $200 billion annually. That’s $1.1 trillion in tax revenue. Our current government expenditure is $3.5 trillion. Even if you doubled tax revenue, we would still be facing a $1.3 trillion deficit.

“Wait a minute,” you say. “How can that be? Doesn’t the mainstream media report that our deficit is only around $1 trillion per year right now?” Yes, that’s what they report. But that’s because the government counts all $850 billion of payroll taxes (Medicare and Social Security) as current income. It’s not. Those taxes are supposed to be funding the future liabilities of those programs, but we’re spending all that money now. If a private corporation did the same thing, its executives would all go to jail.


The First Amendment

Clashes over religious expression are among the most frequent controversies decided by federal courts today. Consequently, a body of nine unelected Justices now exercise more control over how, when, and where religious activities will occur than any other entity in America. The Supreme Court has been described as the national theology board.

The Supreme Court largely amassed its control over religion first by discarding the traditional limitations of the First Amendment, and then by adopting the well-known “separation of church and state” phrase as the modern guide for judging the propriety of challenged religious expression. By imputing a non-historic meaning to this celebrated, overused phrase, the modern Court began striking down many long-standing religious practices and expressions. The subsequent over-zealous application by state and local officials of these court decisions, has caused this nation much grief.

Because of the rampant coupling of “separation of church and state” with First Amendment controversies, most Americans believe that the phrase is actually part of the First Amendment. It is no such thing. Concerning religion, the first amendment states the following:

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof…

For generations after its ratification, the courts relied solely on the clear and unambiguous wording of the First Amendment; the reliance on the “separation” metaphor is a recent (flawed) judicial trend. In the Supreme Courts’ first 150 years, the separation idiom was invoked in only two cases. Since then, the separation metaphor has been cited in more cases filed under the First Amendment’s religious clause than the First Amendment itself! The degradation of the Constitution and it’s original intent can be attributed to the pitiful morality and faith of this nation.

Much more to come.

The problems with Oil

Oil runs the world. It’s a scarce resource with limited availability. This is a problem.

America is shooting itself in the foot via foreign policy. The trillions spent on our military conquests actually act to subsidize the price of oil and assure its availability at a slightly lower price. This proves detrimental to the long term health of America. If the natural market was allowed to allocate prices and our government didn’t continually intervene in the oil markets, a viable alternative might finally be seen. Right now, the false prices act to neglect the free market and stifle alternative growth. A truly free market is the only hope for future energy independence, and as of now, it does not exist.