Treason by Earmark and Debt

We're not sure exactly when it happened, but somewhere along the past several months reducing our massive Federal debt has supplanted terrorism as being our top national priority in themostsearched's mind. Perhaps we feel that Al-Qaeda terrorists are using our economy to wreak destruction upon our country. Perhaps we want to vomit when Obama proposed higher taxes while claiming we have had our taxes cut. Perhaps we feel Obama's proposed budget deficit of $1.5T--more than tripling the worst "W" year--is a act of treason in itself.

Life under Hyperinflation
themostsearched was a financial clerk in Argentina during 1989 when that country experienced hyperinflation: it totalled 5000% that year and was devastating. Imagine prices on chalkboards at the grocery store that could change (increase) while you were shopping. Imagine losing in a single day over 60% of your currency's value vs. the world. Imagine 1-day and 1-week Certificates of Deposits (CD's). Imagine unannounced, prolonged bank closures and then when they open having a maximum withdrawal of $100 per account. Imagine having to fly out of the country to obtain currency because there simply isn't enough printed. Imagine no one paying a bill until the hour it was due because were you pay a week before, you would be paying significantly more. Imagine holding a new 10,000 denomination bill in your hand and realizing you really had US$20. In hyperinflation, these are no mirages but rather realities. Hyperinflation has a huge negative impact on productivity and output: it would be similar to having to file your taxes every day.

The bottom line is that with an unmanageable Federal debt and huge spike in the money supply as we monetize our national debt, as a country we are risking future hyperinflation. Surely, the road to hyperinflation is a treasonous one! Although earmarks account for a small portion of the debt, they frequently contain frivolous, if not scandalous wastes of money and point to corruption in the elected officials that proposed them.

Utahns on Earmarks
KNRS radio talk show host Bob Lonsberry really spelled out the problem for us in Utah on his radio show today; so much so that we made the following clip:



Meanwhile, Matt Canham over at the Salt Lake Tribune had an article today on this same subject of earmarks. While all four of Bennett's contenders are anti-earmark, Canham confirmed what themostsearched has seen from Cherilyn Eagar's position: not only a die-hard stance against them, but an unabashed critic of those who involuntarily seek treasonous acts by proposing such out-of-control earmark spending.

Eagar is the only Senate candidate who has attacked Bennett directly on the issue, calling him "addicted to earmarks." She has said big spending bills loaded with thousands of pet projects "smacks of cronyism and corruption."

Canham further cited Eagar as saying that earmarks "must show a legitimate federal tie-in"--a position themostsearched feels is dead-on correct.

The time has come for us to make a stand. Be like Lonsberry and call out treason when you see it. It doesn't matter if someone is a grandson of a Mormon prophet; evil is evil. The prophets have told us to "get out of debt" and they didn't mean for everyone to get out of debt except for Bailout Bob's pet projects and the rest of the massive Federal socialistic bureaucracy.