They're not careful because it's not their money

Entrepreneurs have balance sheets, profit and loss statements, etc. to keep an eye on their money. But government agencies have budgets. They spend more than they have, and they don't keep an eye on the money. Why? It's not their money, so they don't care how it's spent.

As you can read in this article, here's yet another example of how the government spends billions of our dollars but really can't account for it. Hmm, I wonder how long McDonalds would have stayed in business if they treated their accounting this way?

Make sure you get that little piece of government paper

If you don't pay homage to the state, the state's henchmen take you to jail. Here, in this cnn.com article, we see that a woman in East Hampton, New York committed the terrible crime of not getting government permission (a license) to serve drinks to her guests. What a thug! How dare she and other adults do what they want to do without the government's permission first!

She was infringing upon the life, liberty, and/or property of . . . ? That's right, no one.

The American Empire not making friends

As you can read in this article, China and Russia are forging closer ties. This is in response to the Einstein's in Washington, D.C., who continue to grow the empire. You know, I don't remember reading it in the Constitution that the U.S. should have over 700 bases around the world and should spend more money on defense than the rest of the world combined.

I'm tired of my fellow Americans dying for empire, and I'm tired of paying for it. And God help us if McCain wins the presidency in a few months. Based on what I've read, he'll make Bush look like an altar boy.

Now you don't have to rent . . .

V for Vendetta, the movie that depicts the future of England, which has become a police state with curfews, cameras, and the omnipotent state. Now, you can just move to England and soon experience it first hand, as you can read here in this article.

Well, you might want to rent it anyway, since Natalie Portman has one of the most perfect faces on the planet. Poor Brits, about the only place they'll be safe and unwatched is the soccer stadium.

You mean Big Brother doesn't work?

Thanks to lewrockwell.com for linking to this article about Britain's "security" cameras, which are everywhere. Despite being the most watched people in Europe, the cameras haven't cut down on crime that much. Private security does a much better job than the bureaucrats, who don't have their own money at risk.

Fannie Mae took the Fed's bait

According to this article, the Federal National Mortgage Association, nicknamed "Fannie Mae," is in some trouble. But it's their own fault. As Alan Greenspan, former Fed Chairman, and his successor, "Helicopter" Ben Bernanke, the current Fed Chairman, inflated away the dollar by pumping excess liquidity into the market for years and years, Fannie Mae took the bait and got involved in the whole game. Instead of being more prudent, Fannie Mae was just one cog in the whole housing bubble.

What kind of trouble is this quasi-governmental agency in? Well, there may be substantial problems, since the article points out that as of December it had assets of $35.8 billion. Now? $12.2 billion. Ouch.