As the Occupy Wall Street protests have gained momentum over the last few weeks, many have pointed out that the protesters' anger is directed at the wrong people. Critics of the movement, while understanding the frustration of the demonstrators, contend that their focus should be on a number of other sources: the Federal Reserve, for instance, and also the elected officials who continue to support government intervention in the free market and to pick and choose winners via regulations and the “too big to fail” philosophy.
With five weeks to go to create an agreement that will cut at least $1.2 trillion from the federal budget over the next ten years, there are few indications that the Supercommittee will propose anything substantial.
According to Katy Grimes of the Sacramento-based investigative reporting website Cal Watchdog for October 19, "For unions, Governor Jerry Brown is the governor who keeps on giving." Over the weekend, the California Governor signed into law Senate Bill 922, which will prevent cities from banning union-supported “project labor agreements” that force contractors to hire union workers if they want to bid on public projects. The measure, written only one week before it was passed, provides that if even a non-union contractor wins a public project, his workers are required to join a union.
The Republican candidates for President agreed at the October 18 CNN Las Vegas debate that, despite the federal deficit crisis, they wanted to continue foreign aid spending — with the exception of Texas Congressman Ron Paul.
Anyone trying to figure out why Americans don’t trust their elected officials need look no further than an October 17 New York Times article. Entitled “Farmers Facing Loss of Subsidy May Get New One,” the William Neuman-penned piece reports that “in the name of deficit reduction,” Congress, backed by “major farm groups,” is considering eliminating a $5 billion farm subsidy — only to turn around and enact another farm subsidy costing almost as much. “In essence,” observes Neuman, “lawmakers would replace one subsidy with a new one.”