I’ve heard that Social Security is out of money. The Cold War was completely financed by the money withheld between 1946 and 1986. Trillions of dollars were taken from the general fund for spending on the military.

By not isolating Social Security deductions from hundreds of millions of paychecks our elected leaders had all the money they needed to do whatever they wanted. If there was never a separate account – IT CAN’T BE BROKE! The beneficiaries of this spending were stockholders and upper management of the defense industry.

Had this not happened, there would be a surplus so large it would pay larger checks with complete medical coverage and prescriptions for generations to come.

So what can we say about people that knew they were ruining our country while they passed their midnight acts where no could see what was going on? For that matter why doesn’t the government make sure their spending is below their income like we have to do all our lives. If they over-spend, all they do is ask the Federal Reserve to print a few billion and then agree to pay 13% interest. Wouldn’t it be smarter to not over-spend? I’d go without a lot before I would borrow at 13%.

The corruption that builds up over 200 years is so entrenched that another constitutional convention is called for. It could take quite some time to develop an alternative to the current system but it would be well worth the effort. Something extreme needs to happen or America will end up looking like a fourth world country indebted to the world.

By Lloyd H. Frye
Op-Ed Columnist
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The New York Times has frozen hiring and cut a small number of newsroom jobs as it tries to reign in spending. The paper is promising to cut about a dozen support positions and is trimming “a number of” clerical and secretarial jobs.

Executive Editor Bill Keller sent a memo to all employees informing them of the changes. The memo also said the Times plans to “rethink” it’s coverage priorities and how to better use space and people.

They could probably start by not giving any more advertising discounts to MoveOn.org for attacking the military, but I’m no accountant.

The company’s shares have fallen by about 30 percent in the past 12 months as the Times and its other newspapers, including the Boston Globe and several small dailies throughout the United States, fight a prolonged slump in advertising sales.

Shares fell further on Wednesday after Bank of America analyst Joe Arns cut his rating on the shares to “sell” from “neutral,” saying that luxury advertising, which accounts for nearly a third of the Times’s national ad revenue, could fall if the U.S. economy experienced a recession.

-Chris Jones

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When I was a boy all I ever heard was how great America was, how lucky I was to be born here, and how lucky for the world America was there for it in WWII. This self worship still can be found in many if not most places in our country. Don’t get me wrong I wouldn’t live anywhere else. But I’m afraid we’re about to get our “comeupins”.

Many things had to happen before the US would be vulnerable enough to get really hurt bad in the next few years.

1)  Since WWII Americans have had the good life, first from being the only factories standing after most of the world had been blown to bits, then by borrowing money and spending it as if there’s no tomorrow. Now we’re upside down on many of our homes and into the credit cards in a big way.

2)  In an attempt to mine the human wealth of Asia, US companies as well as European ones has devoted enough capital, plant and equipment, and management to revive our countries twice over to build up a producer/consumer block so powerful as to dictate the US foreign and fiscal policy for decades to come.

3)  A refusal of the petroleum industry for the last 40 years to build more refinery plants in spite of increasing demand then say at this point they can’t reduce prices, it’s a demand problem of emerging nations needing more oil.

4)  The formation of the Euro, the first mega currency capable of providing world liquidity if called on to do so. The Europeans are super savers compared to the US and therefore a tight fisted approach works well for a steady currency. One point to remember is their CEOs don’t make 100 to 1000 times an average employee.

5)  A cold war/ arms race that ended up destroying the Soviet Union, we ended up a debtor nation by the way in the same war.

It used to be not that long ago that “if America coughed the rest of the world caught a cold” now it’s more like “if America has pneumonia the rest of the world would suffer from sniffles.” It’s easy to point out various bad guys in this situation but we all had something to do with if we’re honest about it.

Dropping my asking price for my house each month in response to others dropping their price, I wonder what will this all come to. Since 70% of our economy is American consumers, what would happen if we can’t borrow on the equity in our homes? What spending will I do if I can’t sell the thing for more than I owe, forget having a down for another place?

If China backs off buying US T-bills and gas prices go to $5.00 or more, the world just might get the last laugh after all.

By Lloyd H. Frye
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There are men in corporate life and in Congress that are busy destroying your kid’s education while you watch the unpaid balance go through the roof. Why is the future of our country being sold off like some calf at an auction? It’s so the top 1% of the population can have their Swiss bank accounts swell with each passing day.

Yes, the money you’re spending is as worthless as Confederate currency after the Civil War. In order for your kids to reap the benefit of their education they’ll have to accept job offers under $5,000/year to compete with Asian PhDs who can live on $5-10/day because of the area of the world they live. A PC and an internet connection make every poor person on earth competitors of your kids. So when you hear politicians say our kids need a first class education to compete in the new world market, they are lying.

Even jobs that do not require a degree are being destroyed by millions of illegal immigrants flooding across our borders, offering to work under minimum wage, which already can’t provide a living.

Let’s invite the CEOs to join the jobs they are so anxious to send out of the country. From now on; the Chairman of the Board, all Board of Directors members, and all upper management are to be expelled from our country along with their families for the balance of their lives. They think Mexico or China is so great—so move there and stay there. AmericaAmerica has to sell their belongings to buy food. And take the entire Congress with you, you know who your buddies are, the ones that said yes to NAFTA and are busy lining up to pass CAFTA. doesn’t need traitors living the good life while the rest of

There’s not much left of what was the greatest country on earth. At least we should have the satisfaction of seeing all the traitors pack up and leave, never to return.

Before you think Americans are the only victims of greed in the US, Mexicans call NAFTA SHAFTA because of millions of farmers that lost their land to corporations in lowering the prices to the point of starving the farmers off the land. Throughout the world international corporations, most with headquarters in the US or the Cayman Islands, are stripping the natural resources and lowering the wages of indigenous people to a level of starvation, why? For the additional wealth of the top 1% who can’t seem to get enough money, no matter how much they have.

The world is evolving quickly into a slave planet. The New World Order may not have wars, but being alive will lose whatever meaning it has now.

By Lloyd H. Frye
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Morgan Stanley, the second-biggest shareholder in New York Times Co., sold its entire stake today, according to a person briefed on the transaction, sending the stock to its lowest in more than 10 years.

New York Times shares slid 48 cents, or 2.5 percent, to $18.43 at 12:44 p.m. in New York Stock Exchange composite trading and fell as low as $18.28, a level not seen since January 1997.

Morgan Stanley held 10.5 million New York Times, or a 7.3 percent stake, as of June 30, making the company the second- largest institutional investor behind T. Rowe Price Group Inc., with a 14 percent stake.

Family members led by New York Times Chairman Arthur Sulzberger Jr. control the company through their ownership of Class B shares that allow them to appoint nine of the company’s 13 directors.

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Carly Fiorina, the former CEO of computer and printer maker Hewlett- Packard Co., has signed on as a contributor with Fox News’ soon-to- launch business news channel, the media company announced Tuesday.

Fiorina had a reputation as one of corporate America’s most divisive figures during nearly six years at Palo Alto-based HP. Her role at the new channel is not clear, but the new business channel is expected to officially launch next week.

“We are proud to have her join FBN as a contributor,” Kevin Magee, Fox News’ executive vice president, said in a statement. “Carly Fiorina is one of the foremost business leaders of our time.”

HP severed its ties with Fiorina in February 2005 amid complaints that her hard fought acquisition of Compaq Computer Corp. by HP wasn’t proving beneficial to the company.

Her firing netted Fiorina a severance package of more than $21 million and helped fuel the publication last year of her best-selling memoir, “Tough Choices.”

Fox News, an arm of Rupert Murdoch’s News Corp. media conglomerate, is looking to shake up the business news industry with the Fox Business Channel, slated to launch Oct. 15 in about 34 million homes as a competitor to CNBC, which is owned by General Electric Co.’s NBC Universal unit.

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