Nemo Me Impune Lacessit

Thursday, 14 June 2012

Who’s Really At Fault Here?

Filed under: Correspondence, Economics, Politics, Principles — Tags: , , , , — mikewb1971 @ 11:19 PM (23:19)

——– Original Message ——–
Subject: While our U.S. economy is in tatters, President Obama is pledging billions of dollars to…………Africa.
Date: Thu, 14 Jun 2012 14:52:47 -0600
From: Patriot Minute

While our U.S. economy is in tatters, President Obama is pledging billions of dollars to…………Africa:

Last month, Mr Obama announced a $3bn (£1.9bn) plan to boost food security and farm productivity in Africa.”As we look toward the future, it is clear that Africa is more important than ever to the security and prosperity of the international community, and to the United States in particular,” said Mr Obama, the US-born son of a Kenyan man.

Some African countries already enjoy trade preferences with the US – through the Africa Growth and Opportunity Act (Agoa) – on the condition they uphold free elections and markets. At an Agoa forum in Washington on Thursday, US Secretary of State Hillary Clinton said that Africa was the “land of opportunity”. “I want all of my fellow American citizens, particularly our business community, to hear this: Africa offers the highest rate of return on foreign direct investment of any developing region in the world,” AFP news agency quotes her as saying.

Also, if you peruse the GAO’s figures on Medicare, you’ll find an interesting footnote. About 10% of our Medicare funds go to foreign countries, including “AGOA”. A large amount of this money goes to fighting AIDS and poverty… Africa. That’s right. YOU’RE Medicare taxes are been funneled to African aid programs. To be fair, this has been going on for decades, not just with the latest Administration. Nice to know that Africa has a higher rate of return on investment. How about investing in the good old USA?

About this “African Growth and Opportunity Act” — every year, it authorizes the First Chair-Warmer to send dump-trucks full of FRNs to the sub-Saharan African countries of his choice on an annual basis.

Here’s the funny thing about the AGOA — it was set to expire in 2008.

And then Congress passed the “AGOA Acceleration Act of 2004,” which *extended* it to *2015*.

Now both the U.S. House and U.S. Senate were held by Republican majorities from 3 January 1994 until 3 January 2007, while the GOP held the White House from 20 January 2001 until 20 January 2009.

In short: this welfare-state wealth redistribution scheme was extended and expanded by a “conservative” (Republican-controlled) U.S. Congress, then signed into law by a “conservative” (Republican) president (George Bush).

So they could have scaled back the AGOA, if not eliminated it entirely.

But they didn’t.

So let’s dump this presumption that candidates with “R” after their names are the Chosen Ones.

As far as “[OUR] Medicare taxes” being sent overseas, I’d just as soon not have the FRNs taken from my wallet in the first place. Not only is Medicare a bloated, fraud-ridden welfare-state scheme, the very idea of it (that some people are “owed” goodies provided by others) is a socialist premise.

So when the GOP’s anointed ones tell you “We’re going to fix Medicare” (and “Social Security,” too!), they’re just stringing you along, like a fish on a line.

I keep thinking that I need to create a “Golden Fishhook Award,” for people who swallow this sort of thing from the GOP the most.

It’s the Republicans who campaign with rhetoric about protecting the liberties spelled out in the Bill of Rights. It’s the GOP’s candidates who promise to show a bit of fiscal restraint and respect for market processes. Then once elected, those same Republicans quite often govern just like “liberal” tax-and-spend-and-regulate Democrats.

Better up-front opponents than backstabbers professing friendship.

The “GOP uber alles” bunch act more like rowdy drunken sports fans more than offering any sort of rational, facts-based analysis of the issues of the day. They seem OK with whatever the “their team” does, even when it’s something they were complaining about when “the other team” was doing it last year.

I dare any and all Republican candidates in this election cycle to PROVE ME WRONG.


  1. Approximate reading level – 14.4
  2. Published elsewhere
    1. The Libertarian EnterpriseNumber 675, 17 June 2012

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