Posts Tagged ‘Pay-Go’

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World Banking on a Ponzi Scheme?

March 9, 2010

Darius Guppy

Ever heard of Darius Guppy?  I hadn’t either until I read his description of the world banking system in the UK Telegraph today.

He’s a British expatriate, has famous parents, and someone in his ancestry actually classified the tiny fish that bears his name.  He is very well-educated, was known to fraternize with Royalty, and defrauded Lloyd’s of London out of 1.8 million pounds.

Why would anyone care about his take on the world economy?

Because it takes a thief to catch a thief?

Read the rest of this entry ?

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Senator Bunning Steps Up to the Plate

March 5, 2010

Did you know that before he got into politics, Senator Jim Bunning (Kentucky) was a major league baseball pitcher.  He played for 17 years, pitched for several teams including the Detroit Tigers and Philadelphia Phillies.  He pitched a perfect game in 1964 and was elected to baseball’s Hall of Fame in 1986.

Mr. Bunning has taken a lot of heat recently for his refusal to pass the 30 day extension bill for unemployment and other federal programs.  Some people claimed he was an obstructionist and didn’t support the extension.  He did support the extension.  His issue had to do with the Pay-Go legislation Congress had passed only a month earlier. Pay-Go forces Congress to pay for programs without adding any more to the national debt.  Apparently Senate Majority Leader Harry Reid submitted this extension knowing full well it was in violation of Pay-Go. Jim Bunning protested by not voting for the measure.  Yesterday USA Today published his side of the story.

Forcing Congress to adhere to Pay-Go is not obstructionist.  It’s the duty of our elected officials to follow the laws they’ve created. Even though Jim Bunning is retiring at the end of this term it still took a lot of guts to stand up and tell Congress to live within it’s means.  Thank you Senator Bunning for stepping up to the plate!