The Fretts Perspective

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The Fretts Perspective

The Fretts Perspective will be a source for articles, addresses, position papers, responses, and other observations from Calen.

Do as I say...

In Congressman Jeff Miller's latest newsletter, there is talk of fiscal responsibility, limited government, economic freedom, individual liberty, and the Constitution. It even includes the following direct quote:

"When confronted with the untenable reality of massive trillion dollar deficits, the big government proponents simply ignore the facts and try to borrow even more.  Following this reckless path is a recipe for disaster."

How true... if only Congressman Miller could follow his own advice! You see, Congressman Miller himself recently voted for over $2,000,000,000,000 (yes, that's 2 trillion dollars) in new debt, at President Obama's request. That was after ensuring voters (with caveats, of course) that he would not vote for the new debt at his own townhall meeting, mind you!

As if that weren't enough, he okayed the infamous, un-Constitutional, and completely failed "Super Committee" In the same vote. Following the reckless path towards disaster has unfortunately become an almost daily occurrence for Congressman Miller. Not that this should come as a surprise; it is the same path almost all DC politicians seem to have taken after many years of complacency and status quo on Capitol Hill.

But it appears that now - after over 10 years in office ignoring the Constitution, his own constituents, and his own advice - Congressman Miller has, all of a sudden, seen the light. In fact, it seems Congressman Miller is trying to be a Libertarian.

It's too bad for him that you already know the truth: the only Constitutionalist, the only Libertarian in the 2012 race, is Calen Fretts.

A brief list of guiding thoughts while I am in Congress:

Competition in business makes a country healthy.
Competition in politics makes it even healthier.
Congress must consider the Constitution as a limit to power.
Congress is about growing the power of government, but it shouldn't.
Congress has increased the power of the President at its own expense.
Spend less, tax less.
Government is not the architect of society.
Government cannot be afraid of people making their own decisions.
Government does not create jobs.
Government central planning does not work.
Government should not decide economic winners and losers.
Education has become a state monopoly.
Regulation is about big business making barriers to small business.
Market competition and business failure are the best regulators.
Congress has passed off too many of its duties to regulatory agencies.
The Federal Reserve is a price fixing organization.
There are mathematical limits to government spending.
Congressional policy favors debtors and speculators at the expense of savers and producers.
Debt cannot be used to get out of debt.
Smart defense, not just expensive defense.
What we do overseas eventually comes home.
Massive fraud is not being prosecuted in the land.
There should be no victimless crimes.
People own their bodies, not the government.
Government should not intervene in personal relationships or interactions where no force or fraud is used.
Congress is passing laws neither itself nor most humans can read, nevermind understand.
The major parties are not competitors but collaborators.
Government intervention only leads to more government intervention.
Government intervention costs us all money.
The role of government is not to own businesses and grant favors, but to protect individual rights.
And lastly, a society under surveillance can never be a free society.

Big Crimes in High Places

America’s financial markets are a mess due to fraud. You pay the price every day.

No one wants to admit it, and certainly not Congress, because so many have taken part. Congress established government guarantees of private transactions. Many homeowners lied about their resources to get loans from banks. Banks lied about the quality of their loans to their investors.

Rating agencies gave high ratings to financial paper that was worthless because their clients were also those they were rating. Government regulators looked the other way or lowered their standards, trying to make the situation look less dire, while waiting for jobs from those they regulated. Everyone seemed to be making money.

When the system began to collapse in 2008, both the Federal Reserve and Treasury claimed a bailout was necessary to prevent collapse. The bailouts were authorized by Congress in the hundreds of billions, despite immense popular opposition, but now we know that between them and the Federal Reserve the amounts were in the trillions. Much of that has become debt that you must pay, even though the matter has nothing to do with you.

Many homeowners were foreclosed upon by banks who had no clear title. Large banks are repeatedly fined for malfeasance, but none are closed. Big business got government protection, while smaller firms were sacrificed in the name of free markets. Greed, sloth, bad regulatory law, and the instinct for financial self-preservation combined with ignoring the rule of law to produce a financial crash we are still not yet out of.

Our debts grow bigger every day. And yet the average Republican or Democrat candidate says there were no crimes committed. Congressman Jeff Miller appears to ignore the possibility of any fraud at all.

Regulation and law enforcement have failed America. Regulation has become the legal means to control markets. Law enforcement seems to exempt those in power. This destroys trust between a people and their government.

Don't let Congress ignore what is happening. It must reestablish competition in markets instead of relying on regulation. It must speak up when injustice is done.

Crimes of financial fraud must be prosecuted for all our sake, and not become the American family secret.

Two Wings of the Same Bird

It has been said that the “Left” and the “Right” are only “Two Wings of the Same Bird of Prey.” When it comes to politicians, this has increasingly become the case.

The political spectrum in America is often described as “Left-Right” (or “Liberal-Conservative”), but upon closer inspection, most Americans don't fall neatly into one of these two boxes - in fact, it is nearly impossible to find two people who agree (or disagree, for that matter) on everything. Almost all of our elected officials in Congress, on the other hand, can be labeled together simply: “Big Government.”

Congressman Jeff Miller identifies himself with the “right” and rhetorically disagrees with the “left” - but is he really so different? He votes for trillions in new debt, billions and billions in new spending, and more government intrusion into nearly all facets of your personal life.

It is clear that most DC politicians like Congressman Miller no longer hold any real intellectual opposition to their faux counterparts; they are all in on the Big Government party together.

Perhaps we should think twice about the artificial Left-Right construct that keeps Main Street Americans divided while K Street lobbyists manipulate our elected representatives. Instead, why not unite behind that prized possession Americans have always fought for: freedom.

David Nolan, one of the founders of the Libertarian Party, also created something called the Nolan chart, which was a new way of analyzing the political taxonomy. The Nolan chart takes the 1-dimensional Left-Right spectrum and morphs it into a much more accurate 2D plane, with one axis being economic freedom, and the other being personal freedom.

Those who prefer more government intrusion and less economic and personal freedom (such as communists and fascists) were previously categorized on opposite ends of the spectrum. But now they fall under a common (and more appropriate) banner: Statist (or Authoritarian).

On the other hand, those who prefer less government intrusion and more economic and personal freedom fall under a new, third banner: Libertarian!

Out of the Nolan chart came the World's Smallest Political Quiz. If you haven't already, take a minute to check it out. You might be surprised at what you find...

You might just be a Libertarian!

Keep What You Make

Congress controls the three things that make you poor: taxes, inflation, and debt.

Most of our taxes come from the income tax, an idea originally passed way back in 1913. The richer you are, the more you pay. That might sound alright until you realize that "rich" is something that changes with time (if you have two apples and someone else has one, you're rich) - and that as soon as the voting public that pays no taxes becomes the majority, those in the 49% who do pay taxes have their days numbered.

Better to support a consumption tax, like the Fair Tax, where you are in control of your taxes through your spending, and Congress' confiscatory impulses are restrained.

Our central bank, the Federal Reserve, was also founded in 1913. It was created to keep prices stable, and later, to set the conditions for full employment. What it really does is allow our government to continually deficit spend. The Federal Reserve creates money and credit that it sells to the Treasury to pay the bills Congress imposes on us.

All that money wished into existence made the dollar lose 98% of its value since 1913. That's inflation, which robs your savings over the years. You pay interest - perpetually - on all of these transactions, by the way.

Last but not least is debt. You can control your personal debt, but Congress racks up debt for everyone. The $16 trillion national debt figure you hear in the news is government spin. Counting long term commitments such as Social Security and Medicare (things businesses have to account for), it is more like $55 trillion, or $175,875 of debt per American, or $702,875 of debt for a family of four.

Only last year, Congressman Jeff Miller voted for more than $2 trillion in new debt in one piece of legislation. That's literally thousands of dollars per person. Now you know why it is hard to make ends meet.

It isn't how much you make, it's how much you can afford. And nobody can afford this sort of monetary abuse any longer. Send me to Congress to help you keep what you make.

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