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2013/06/03

If Obama Was a Flavor, He'd Be Impeach-MINT - Issue #477

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New Video Catches Lawmakers Totally Off Guard
The following video is likely to shock you. It shows our nation's highest lawmakers caught with their hands in the cookie jar. While we never enjoy witnessing our elected (mis)representatives demonstrating such conduct, I compiled this footage for a very specific reason... You see, I followed the money trail on a new bill making its way through Congress. And it has the power to make a few people, well... very rich in the coming weeks. Click here to view the details.

"Savings" is a Foreign Word
By FLOYD BROWN, Chief Political Analyst

No government activity is more notoriously fraudulent than budgeting. The system is a farce.

Take the sequester cuts, for example. If you listen to the media, Congress, agency heads and even the president, you might get the impression that the budget is being cut.

This couldn't be further from the truth.

In gross and real dollars, most agencies and government programs are spending more dollars this year than last. In D.C., amidst all of the talk and scare tactics about cutting back spending, just about all of the frenzy is unfounded.

Even the House Budget Committee's own figures show that more money is being spent than ever before. In fact, during Obama's first two years, while businesses and families were scraping by, federal domestic discretionary expenditures soared by 84%, with many agencies doubling or tripling spending. (Could Obama ever actually get impeached?)

The Scary Truth About "Budgeting"

You see, every agency sits around and dreams up ways to spend more money, and then they write a budget.

They include every program they can imagine, and if anyone from that point on suggests trimming anything, the suggestion is denounced far and wide as a cut to the budget.

I vividly remember working in the Office of Program and Policy at the Agency for International Development.

A panic would set in around budget time if we hadn't spent all of last year's funds. Everyone sat around brainstorming ways to spend more money until every last penny was gone. Obviously, in our own personal budgets we do the complete opposite. When we're able to trim in one area, we appreciate the savings.

So why is the government's process so backwards?

Because government agency heads are recognized by - and paid according to - the number of employees they have and the money they can ladle out.

If you want to have more power in D.C., you must dish out more money to contractors, consultants, employees and programs. There's a one-to-one correlation between the money you spend and your relevance.

The Obamacare Effect

For example, Secretary Kathleen Sebelius and the Department of Health and Human Services (HHS) are much more important and powerful today than when Barack Obama took office. Their power is tied directly to the passage of Obamacare.

HHS no longer affects just the elderly and welfare recipients. It controls the medical plan of every single American.

In the past, only pharmaceutical and hospital companies came to lobby about reimbursements for Medicaid and Medicare funds.

But now, every state and local government, all large businesses with a certain number of employees, and each and every union have to get the green light or a waiver from Sebelius and HHS. More spending equals more power.

And this connection is terrible for our economy and our government. Our legislators must learn to curb spending in sensible ways and reward agencies for frugality, not for lavish overspending.

I think that the talk about sequestering needs to be reframed. Instead of using the deceitful word, "cut," the more positive word, "savings," should be discussed.

The idea that the budget is being cut is a cruel joke on the taxpayers, and it surrounds budget cuts with a negative stigma. To all of our lawmakers - let's reframe the savings debate in a positive, economically healthy way.

Your eyes on the Hill,


Floyd Brown

Warning: Extremely Violent Price Swings Possible
The latest geopolitical firestorm is developing exactly as expected... As of right now, natural gas prices in Europe remain in excess of $15/mcf. Meanwhile, gas prices here in the United States are around $4/mcf. The coming "price correction" (back to equilibrium) could be violent. And could profoundly upset the energy markets any minute. Amidst the chaos, one company now sits perfectly positioned. Renowned energy expert, Karim Rahemtulla, just slapped a $300 price target on the stock. The stock is presently listed as a "Buy." But Karim intends to move the stock to a "Hold" as early as tomorrow, and wait for the dust to settle. Click here for the details.


Friday Charts: Crooked Politicians, "Redneck Intelligence" and Stock Market Seasonality
We have irrefutable proof that the government is standing in the way of small business growth.

Don't Let Bernanke Sucker Punch Your Portfolio
Thanks to Bernanke, the S&P 500 Index ended up posting a weekly loss for the first time in five weeks. Don't get caught following the crowd...

Is This the Start of Another Banking Crisis?
It's time to unmask the next potential crisis to hit the financial markets... before it's too late!
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