Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Tuesday, May 05, 2009

America's idiots............

Last weekend driving down to New Orleans I enjoyed seeing the road signs in Mississippi, Alabama and Louisiana proclaiming how much both state and federal governments forked out for road projects I happened to be driving on.

I seriously think that citizens must "think" that federal dollars come from somewhere other than from taxation of American citizens. Frankly, why should anyone who doesn't pay taxes be allowed to vote? As we ramp up the welfare socialist state this ought to get good. Real good.

"For the first time in history, federal money has surpassed sales and income tax collections as the largest source of revenue for state governments, USA Today reports. And the shift is just beginning, with tax collections continuing to sink while the bulk of federal stimulus aid is just starting to arrive. As Indiana State Sen. Jim Buck points out, "This money isn't manna from heaven. It comes with a price." He worries that the federal money will leave states under greater federal control and burden future generations with debt. The federal government plans to provide about $300 billion in extra aid to state and local governments over the next two years, mostly for health care, education and transportation projects. State and local governments spend about $2 trillion a year, and the federal government is now paying about 23 percent of those costs."

No comments: