Saturday, September 27, 2014

Lie to us, go to jail. We lie to you….NOTHING!!!!

The state of New Jersey knowingly published fraudulent financial statements in order to attract bond investors. Normally when we catch one of you producing misleading information in order to attract investment dollars (remember Enron, WorldCom, or Bernie Madoff?) we destroy them. You gratefully reward us with even more dependence and trust. This time, it was one of our own ripping you off. What did we at the Federal Securities and Exchange Commission (SEC) do to the State of New Jersey? Virtually NOTHING. We did what amounts to NOTHING on your behalf. Not one person was indicted or even subject to disciplinary action by the SEC or the State of New Jersey. We did not fine them one single dollar. We did not require them to return one dime to the defrauded investors. We allow them to not only stay in business with no change to their oversight, but to SELL ADDITIONAL BONDS NOT 24 HOURS LATER!! Since we set this precedence, we thought we'd continue when another government did the same to your poor saps.  Guess what we're going to do to our buddies in Kansas? Look how often we go after you now, and you people still thing we work for you! Government first and foremost takes care of government.

We have revoked your Constitutional 5th amendment right against self incrimination when facing the IRS. Telling an IRS auditor that you have a right to not answer any questions about your tax situation will get you nowhere. "Innocent until proven guilty" does not apply to IRS audits. If you invoke the 5th amendment instead of proving your innocence, we simply assume guilt and send you a bill for the new assessment. We’re about to get a lot tougher. Lying to an IRS auditor can get you thrown in prison, but you must trust us to police ourselves when it comes to our own truthfulness. You will never be permitted to audit our financial statements, by the way.

US history is full of our lies; from the numerous treaties made to Native Americans, to promises to repay war bonds in gold, to detaining Japanese Americans in the 40’s. Imagine a person with a truthfulness record as bad as ours promising you some guarantee such as a retirement through Social Security. If you placed one ounce of trust in this person’s word concerning anything that mattered, a neutral observer would certainly consider your actions epically foolish. Where we win is in the fact that, despite our lies and abuses, we still have your trust. In fact many of you associate patriotism with loyalty to us at the government, motivating you to defend out actions with a religious fervor regardless of how hideous they may be.

We can, will, and do lie to you with few restrictions, but we imprisoned Martha Stewart for lying to us.  We reserve the right do the same to you.

All men having power ought to be distrusted to a certain degree.
- James Madison, speech at the Constitutional Convention, July 11, 1787