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How “Public Servants” Balance Budgets, Distribute Loot

History doesn’t repeat, but it sure as heck rhymes. That’s why some of us are troubled by the parallels between our current fiscal situation and the response by various levels of government to the West’s most memorable brush with severe financial turbulence since the 1930’s.
We have too much debt; by that, I [...]

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How The Fed Steals From Savers

A recent article by Charles Schwab merits our attention:
http://online.wsj.com/article/SB10001424052702303429804575149633264117248.html
In February 2006, when Ben Bernanke was first sworn in as chairman of the Federal Reserve, the federal-funds target rate stood at 4.5%. That same year, the average yield on a one-year certificate of deposit was 5.4%. A retiree who diligently saved for a lifetime and had [...]

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VA Senate proposes 24% phone tax increase!

First, the electricity rates went up, and Governor McDonnell managed to get them scaled back. Now, the Virginia Senate wants to raise taxes 24% on every home, business and cell phone! We need to tell them NO! Please join us for a public meeting to prevent the Senate from doing us dirty! Bring your friends [...]

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Virginia Tea Party Patriots Applauds Governor McDonnell’s Budget Decisions on Education

Virginia Tea Party Patriots Applauds Governor McDonnell’s Budget Decisions on Education

When the Governor took office he was faced with the challenge of balancing the budget while facing a 2.2 billion dollar shortfall, with a projected 4 billion dollar deficit over the next two years.  To this end, the Governor recommended a decrease in funding to education, a recommendation that has drawn recent criticism. However, these [...]

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