Third Party & Independents Archives

October 09, 2009

Do You Need A Revolution?

Brazil has won a trade lawsuit against the US (taxpayer) over cotton subsidies. The case, which began in 2002 through the World Trade Organization (WTO), was settled with an award of $300 million dollars. The WTO ruling allows Brazil to invoke trade sanctions equivalent to $800 million just this year alone. Brazil initially sued for $2.4 billion and is considering another suit to challenge the 54 cents per gallon tariff by the US designed to protect ethanol production. Keep in mind that the government providing farm subsidies is the same government that worked for years to establish the WTO.

The US has sustained a trade deficit for every year since 1973, leaving a deficit of $355 billion for 2007. This imbalance is largely attributable to government trade policy put into effect years ago. After WWII the US government chose to facilitate the redevelopment of Europe by agreeing to a tax loophole favoring European countries. In the years since 153 countries have adopted the Value Added Tax (VAT) while taking advantage of our WWII trade policy. Pat Choate’s "Saving Capitalism" explains in detail the failure of this government’s trade policies. As a result we are subsidizing economies around the world including China and Saudi Arabia.

US citizens pay for the development of new drugs through brand name pricing. These same drugs are sold in overseas markets at a much lower cost. However, with a globalized economy and free trade policy in place, the US citizen cannot buy drugs from the overseas market. Thus, the US citizen is subsidizing drug cost for the rest of the world population. Keep in mind that the government that has forced free trade and a globalized economy on the world is the same government that refuses your purchasing foreign drugs.

Even in the middle of a full-blown recession, we continue to take in illegal immigrants seeking jobs. Word on the street is, even though the healthcare bill may state illegals will not be covered the Supreme Court is on hot standby to rule that no "person" residing in the country can be refused subsidies designed for the public at large. That based on a Texas case where the Supreme Court ruled that the State government had to cover educational cost for illegals, as they are "persons" residing in the State. Keep in mind the government that made border crossing illegal is the same government that refuses to enforce federal immigration law.

In a relatively few years we have gone from the richest nation to the largest debtor nation, witnessing the greatest transfer of wealth in the history of mankind. We now have a total federal debt of $57 trillion, ($11.9 Trillion National Debt plus the total non-federal debt of $45.8 Trillion), that is crushing the nation and has been for decades. And that does not even include the looming $62 Trillion Credit Default Swap/Derivatives bubble, or the future debt of $60+ Trillion in unfunded liabilities (future debt) for Social Security and Medicare. 90%-to-95% of all U.S. Dollars in existence in the U.S. already exists as debt. (www.one-simple-idea.com)

With no accountability for politicians and the ‘money influence’ driving the wagon it would seem we taxpayers are stuck on stupid. It is way past time for a "change" in government. A third party with a revolutionary reform agenda comes to mind.

There are two new start-up third parties on the landscape: the New Independent American Party (NAIP) and the Republic Sentry Party. I suspect, as the economy worsens, there will be others. You may want to get one quick!

Posted by Roy Ellis at October 9, 2009 02:38 PM
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