The Fallacy of Redistribution – Real Clear Politics   “The recently discovered tape on which Barack Obama said back in 1998 that he believes in redistribution is not really news. He said the same thing to Joe the Plumber four years ago. But the surfacing of this tape may serve a useful purpose if it gets people to thinking about what the consequences of redistribution are.”

The Magnitude of the Mess We’re In – Wall Street Journal  “The next Treasury secretary will confront problems so daunting that even Alexander Hamilton would have trouble preserving the full faith and credit of the United States. …The problems are close to being unmanageable now. If we stay on the current path, they will wind up being completely unmanageable, culminating in an unwelcome explosion and crisis.”

Prepare For A 15% Food Price Surge, Rabobank Warns – Zero Hedge   “The record US, and global, summer drought has come and gone but its aftereffects are only now going to be felt, at least according to a new Rabobank report, which asserts that food prices are about to soar by 15% or more following mass slaughter of farm animals which will cripple supply once the current inventory of meat is exhausted. … Somewhat ironically. food prices are now being kept at depressed prices as the ‘slaughtered’ stock clears the market. However once that is gone look for various food-related prices to soar: a process which will likely take place in early 2013.”

Pastors Pledge to Defy IRS, Preach Politics from pulpit Ahead of Election – Fox News   “More than 1,000 pastors are planning to challenge the IRS next month by deliberately preaching politics ahead of the presidential election despite a federal ban on endorsements from the pulpit. The defiant move, they hope, will prompt the IRS to enforce a 1954 tax code amendment that prohibits tax-exempt organizations, such as churches, from making political endorsements. Alliance Defending Freedom, which is holding the October summit, said it wants the IRS to press the matter so it can be decided in court. The group believes the law violates the First Amendment by ‘muzzling’ preachers.”

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