This is actually not new news.
The government spends billions on job training every year. Where does that money go? Well not to jobs and not to training. It might as well go down the sewer.
From Fox News:
A study commissioned by Sen. Tom Coburn is casting doubt on whether taxpayers' $18 billion annual investment in federal jobs training programs is paying off.
"The vast majority of money we spend in job training doesn't go to job training, it goes to employ people in those job training federal programs," Coburn told Fox News.
The 2011 Government Accountability Office study he commissioned, which examined programs in fiscal year 2009, found an overlapping and duplicative maze of 47 federal jobs programs run by nine agencies. Some were rife with mismanagement, waste, fraud, abuse and corruption.
The study found:
Some job training participants spent their days sitting on a bus.
Some were trained for jobs that didn't exist.
Others were paid to sit through educational sessions about jobs they already had.
High school students were knowingly exposed to the cancer-causing agent asbestos as part of a job training program.
Funds were misspent to pay a contractor for ghost employees and to purchase video games.
Job training administrators spent federal funds on extravagant meals and bonuses for themselves.
In one state, workforce agency employees took more than 100 gambling trips to casinos mostly during work hours.
Just in case anyone missed it, this study came out in 2011. It came out over a YEAR AGO. $18 billion dollars a year that is mostly blown!
That is pretty outrageous.
What is even more outrageous is nothing has been done about it. Tom Coburn trots out in front of the cameras every few months to complain about the spending, but what has he done?
What has John Boehner and the Republican leadership in the House done about this?
Not a damn thing.
Tom, if you are serious about this, then do something other than standing in front of the cameras, working on your tan.
Try bringing the Senate to a halt through parliamentary procedures until this money is removed from the budget and these programs are eliminated.
How much help could you get on this? I bet Rand Paul would jump in, along with Jim DeMint, Mike Lee, Marco Rubio and those are just the names that are coming in off the top of my head.
This is the mother of all no brainers. This is a 90% idea. Well over 90% of Americans are going to agree that this money should not be wasted.
When the hell are the Republicans going to start acting like they are serious about cutting spending?
With a $1.5 trillion dollar deficit, $18 billion is not a lot but it is a start.
To quote Clint Eastwood in the movie “The Outlaw Josey Wales,” “Are you going to pull those pistols or whistle Dixie?”
Well, Tom Coburn and the Republicans on Capitol Hill. Are you going to cut the spending or just sit there complaining to the cameras?
The reason why America is going broke has nothing to do with how Congress spends money. It has to do with deflation, or the lack of it. Prior to 1933, the U.S. economy went through periods of inflation and deflation. During the deflation periods, trade deficits were solved. Once the Federal Reserve took over, they worked to eliminate deflation because it's bad for banks. In 1971, when we went off the Gold Standard, the U.S. started running trade deficits. They have gradually gotten worse and worse. This is happening because deflation isn't being given a chance to correct trade imbalances.
When the U.S. runs trade deficits, this must be made up by debt in either the private or public sectors. During the Bush years trade deficits were offset with debt in housing and the federal government. After housing went bust, now the Federal Government is running up debt to offset the trade deficit.
The Federal Reserve has the everybody blaming Congress for the debt, when the real problem is the trade deficit which is resulting in debt accumulation. The Government could balance the budget, but that would cause widespread job loss and elected officials would lose their jobs. Meanwhile the Federal Reserve prevents deflation which causes the trade deficit to get worse.
The solution is for people to quit buying new foreign made products. If you need one, buy it used. Make your own clothing if you have to. Make sure you keep spending money, but buy stuff that keeps the money in the U.S., like beer. This will create inflationary pressure and force the Government to cut back on spending. Otherwise the Federal Reserve will be force to raise interest rates which makes interest payments extremely expensive for the government. Once the Government has less money to spend, we'll have less Government in our lives. Don't let them raise taxes either.
Right on, we have to keep spending to generate an economy, but start spending wisely while engaging in business. If there is not circulation of wealth there is not economy.
It does not matter where we spend our money as it matters more on HOW WE SPEND. Simple rules of money and laws of gold.
For 6,000 years we have read or heard the parables (even if we don't recognize where they came from), but we have not put the laws and rules into effect. We deny common sense because we want what we want and won't engage if it means work or discomfort.
Circulation of wealth is like the circulation of blood within the body. If it does not circulate, the heart stops, the brain dies and the body dries up. Where is our economy today.
Yet a single $20 bill spent by a great number of people in the right manner can produce unbelievable wealth within the world we live in. A Single $20 bill by these numbers of people can produce millionaires and end the perpetual debt, but what would the globalists think and do it this kind of power showed up on the economic desert of todays national debt created by them?
David, you history is noted but like most citizens, I don't feel you have a grasp on the reality that we have not and are not creating any wealth. If we don't create wealth we have nothing to spend but debt (credit, with an ending that will be devastating on a global basis.)
True, the problem is the Federal Reserve and Fractional Banking Policy and their plan to get everyone tied to perpetual debt for a life time.
The solution is to quite blaming foreign countries and start practicing good Capitalist principals where we have what is called Circulation of Wealth that everyone seems to want to run away from.
What is left? Social Dependency and huge government! Yes, most citizens are cry babies rather than people of action who believe in and practice sound economic policies such as spending wisely and engaging in business.
Yes, Trade Deficits are a problem when we have a huge population of people who do nothing but spend and spend and spend and all while they have the Government noose around their necks for Social Security and government sponsored retirement policy programs that are destined to fail; i.e. Roth IRA's and 401K's.
My understanding of Trade Deficits is they have to be financed through either private or public debt. Currently the economy is under huge deflationary pressure. This has been building up over the years because the Federal Reserve has mostly eliminated deflationary periods, which use to resolve trade deficits prior to 1933. Now the Government has to run yearly deficits of 1.4 trillion to offset this deflationary pressure and to finance the trade deficit. If Government deficit spending were to be reduced, we would get deflation. That's why Romney has no real plan to eliminate Government borrowing. That's why I suggest Americans spend money primarily on American made products. It lowers the trade deficit and allows the Government to balance the budget. It would be bad for Chinese landfills, like Walmart. Once they learn that selling foreign made products are bad for business, they'll change. There still are things to spend money on in the U.S. that are made here, and it gives Americans jobs and creates wealth here instead of overseas. We can use more millionaires here instead of in China. Nothing against China, but we're not going to solve our economic problems by having our products made there. Eliminating Oil Imports would go a long way toward eliminating the trade deficit too. Look at all the good paying jobs drilling for oil here has created. We need more of that.
The corruption and graff goes so deep and is everywhere that there is no way to really trust anything...that is why we are broke...no one cares and everyone is on the take...outrageous!! Wonder how well the so called higher ups will manage in the camps with the rest of us or have their livlihood taken, not enough to eat or have to rough it out in the bush with the patriots?
How safe will they be when bombs are crashing all around in their neighborhoods and they realize it is all their fault for not stand up and making America the best again!!!
In the final phase of a National Melt Down the Snake eats its self. Today the Federal Reserve is forced to buy up its own debt that it creates and we have to pay for every currency note printed in interests.
How can we sustain this? We can't and we are on borrowed time. Within months the system will crash and this country will be in big trouble with Massive (Hyper Inflation), and very few people are ready. Wealth will disappear just as it did after the fall of 29. It will be simply sucked up into thin air; actually wealth is only transferred from the poor and middle class into the hands of the extremely rich.
We have lived in a debt based system for so long and very few people have realized anything was wrong. I have been preaching this since 1995 and most people up until recently thought I was crazy. Well, I may be, but we are all bankrupt because of a disease known as Perpetual "Debt"!
The breadlines will be forming very soon because people do not pay attention and ignore reality and yet, I could show people where to spend $20 and with enough followers can develop business and incomes that could change the world if there is enough time. That is right; a louse $20 bill can produce millionaire in short order, but it takes people and they are all NO SHOWS!
Eventually people will quit buying Government bonds and interests rates will go up. If the Government quits deficit spending, there will be high unemployment and a deflationary spiral leading to the destruction of the banking system and ultimately a default on the federal debt by the government. What's more likely to happen, is the Federal Reserve will buy up increasing percentages of Government debt when no buyers show up, but eventually investors will start unloading bonds they already have and the Federal Reserve will have to buy those too. As QE2 showed, food, oil, gold and other commodities began inflating rapidly. The final outcome could be hyper-inflation or a complete financial meltdown. I used to think the survivalists were crazy, but now they don't seem so absurd. Mormons are survivalists too, Romney could be valuable in the White House in the event of a financial meltdown.