THE COLLAPSE IN DISCRETIONARY SPENDING

Friday, July 8, 2011

THE COLLAPSE IN DISCRETIONARY SPENDING

“The chart below shows how much real per capita (to account for differing rates of population growth over time) discretionary services expenditures fell from their previous peak—a zero value in this chart means that these expenditures were above their previous peak. The drop in discretionary services expenditures in the last recession was much more severe than in previous recessions: the nearly 7 percent fall from the peak is more than double the percentage decline in the early 1980s recession (the previous “champion” in this dimension).” READ MORE...

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Why this blog?

"And for the support of this Declaration, with firm reliance on the protection of Divine Providence, we mutually affirm our oath and pledge to each other our Lives, our Fortunes, and our sacred Honor!"

"We are concerned that the greatest nation on earth is being transformed. We are loosing our god-given freedoms and rights. This blog will try and post news items daily that may educate you so you can prepare yourself and your families, educate your friends and voice your opposition in a peaceful way. And hopefully help man the lifeboats as the ship sinks for those who still slumber."

"The punishment which the wise suffer who refuse to take part in the government, is to live under the government of worse men." PLATO

QUOTES:

Benjamin Franklin -

"Here is my creed: I believe in one God, the Creator of the universe. That he governs it by his providence. That he ought to be worshipped. That the most acceptable service we render to him is in doing good to his other children. That the soul of man is immortal, and will be treated with justice in another life respecting its conduct in this. These I take to be the fundamental points in all sound religion."

Thomas Jefferson -

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Benjamin Franklin-

"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety."

Benjamin Franklin -

"I am for doing good to the poor, but...I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. I observed...that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer."