Tuesday, August 02, 2011
The Joy Of Fanaticism
Unfortunately, all humans fall into this trap from time to time, but in the face of massive debt, deficits, an economy stuck in neutral, and "The One" now increasingly llooking like "Carter II", the left is nearly humorous in it's indulgence.
What else are they to do?? Their reality has to be really depressing.
The Middle of Nowhere
Well put ... midway between BO and Romney is "The Middle of Nowhere" !!!
To Hell with You People
Jonah seems to have forgotten that Consistency is NOT an Issue!!! for the left. It is the RIGHT that needs to be careful of the use of military metaphor. The left? Well, of course not!!! Their hearts are in the right places!!! Or actually, from their POV, they HAVE hearts!!!
Big ones, that allow them to be generous with other folks money as well as other folks future money!!
Monday, July 25, 2011
End Of the Old Order
The sub-prime bubble and the rise of BO accelerated the trend, but as Samuelson points out, the seeds of the demise were sown because the assumptions of the post WWII order were just wrong:
1) The Welfare State
2) Government controlled economic growth
3) Benefits of International trade
Now all three are in real trouble. Samuelson covers why -- and after his analysis, all but the committed lefty ideologues can see that "Real Change Is Here".
Saturday, July 23, 2011
No 2036
Very sobering but very necessary. To even propose something for 2036 is a profound admission that BO has slipped the surly bonds long ago. We may not make 2012. If he is re-elected, nothing that anyone would recognize as America will be around in 2016.
"If that's the best offer, there isn't going to be a 2036, not for America. As the Europeans are beginning to grasp, eventually 'political reality' collides with real reality. The message from a delusional Washington these last weeks is that it won't be a gentle bump."
BO At His Worst
I suspect he will get worse yet before it is all over, but we have established a new baseline.
One thing I'd add, apparently, much like Dayton in MN, being a Democrat "leader" doesn't require you to be able to deliver a SINGLE vote from your own party to support what you bargain for. Dayton got zero Democrat votes in MN, BO got zero votes for his "budget" this spring (97-0 in the Senate), and now one of the reasons for the talks breaking off is that he is unable to promise any Democrat votes to cover a "deal".
Boehner is constantly castigated as "lacking leadership" by the left for failing to deliver up virtually all of the Tea Party votes. Yet BO is not required to deliver a single token Democrat.
Friday, July 22, 2011
Drowning In BO
It may, on the one hand, be the tactic of second-rung celebrities desperate for more attention, but it may at the same time represent the dismay of yet another generation of leftists waking from yet another utopian daydream to find themselves in a disaster of their own making.I remember their weird realization on Jimmy Carter, and their weirder hope that "Senator drown your sorrows" (Teddy) would come to the rescue. Rescue!? The cruelty of associating the murderer of Mary Joe Kopechne with "rescue" exceeds only the stupidity of same.
The left currently likes the analogy of "Republicans wanting a government so small you could drown it in a bathtub". Thinking that Teddy -- or BO are your "saviour" must mean you want a government so lost it might call it's own bluff, drive off a bridge, and drown itself. It would be OK if we weren't all along for the ride.
This time, the lefties just seem to be getting angrier and angrier at reality and reality based politics.
Wednesday, July 20, 2011
90 Years of Misunderstanding
Like many by Sowell, EXCELLENT!
The real effect of tax-rate reductions is to make the future prospects of profit look more favorable, leading to more current investments that generate more current economic activity and more jobs.
Every time that I see Sowell's super intelligent writing and proud black face, I think; God is truly good and great! Anyone that denies freedom of thought for all is the worst kind of racist possible.
Monday, July 18, 2011
70% Marginal Tax Rate
Interesting little column on how tax rates are actually a bit higher than one is led to believe!
Sunday, July 17, 2011
MANDATORY READ!: Rights vs Goods
"Ever since Franklin D. Roosevelt linked “freedom from want” to “freedom of speech” and “freedom of worship,” the left has been talking of everything that it thinks would be nice to have in terms of an utter and absolute right: a right to a job and a right to an income, a right to retire in comfort in Florida, a right to the most advanced health care without paying much for it, and a right to have your children taken care of while you work all day at your job. The problem is that these are all goods and services, though of varying importance, and goods and rights are not the same things. People tend to concur upon rights (except for the speech rights of those who oppose them), and they do not depend upon others to supply and pay for their rights. With goods, there is always a political argument: about the value of the good, who is to get it and who is to pay. And all this comes down to the question of “fairness,” about which there is no end of disputation and grief. "
"It was not wrong to have a fling with the welfare state sixty-five years ago, when it was a noble experiment that had not yet been attempted. It is wrong to ignore the evidence that in some ways it is failing, that the model set up has become unsustainable, and that renovations are needed if its critical functions are to survive. Goods are not rights. Pensions and access to health care remain social goods that a decent society will try to provide to its -people. But goods are not rights, and the old model, which claimed that they are, is broken. We need a new one, which provides sustainable ways to convey social goods to those who most need them. Good intentions are fine, but without means they are useless. They are the things with which the road to Gehenna is paved."
Barack Obluffer
Worth a read, it would be more funny if our situation wasn't so sorry. "Don't call my bluff" ... sounds like a campaign commercial to me.
"For the Most Gifted Orator in Human History, the president these days speaks largely in clichés, most of which he doesn't seem to be quite on top of. 'Eric, don't call my bluff,' he sternly reprimanded the GOP's Eric Cantor. Usually, if you're bluffing, the trick is not to announce it upfront. But, in fact, in his threat to have Granny eating dog food by Labor Day, Obama was calling his own bluff. The giant bluff against the future that is government spending."
Saturday, July 16, 2011
Make BO's Day
$500 in ceiling, $500 in cuts, take it or leave it. See you in '12 ... BTW, your anti-perspirant ain't cutting it.
Good column, worth the read. I hope the Republicans in the house are taking it to heart.
Thursday, July 14, 2011
BO Lies About Mother?
I certainly hope that I'm never the family member of a major Democrat candidate -- they seem to be completely unable to avoid making use of family members for maudlin stories. Gore was a master -- his son, his sister, probably the gerbil he had as a kid for all I know. Edwards could almost make you sorry you didn't feel sorry for him or his kid, wife, etc -- of course it never made him sorry enough to stop boffing some staffer after his teary theatric performance.
I know, I know ... if you are using someone as a stage prop, it is a tiny step to just making it up out of whole cloth. But your mother? on her death bed? If you are willing to lie about that, it is really really hard to imagine where you would draw the line.
I guess nowhere ... and maybe, just maybe that is even enough to give the NYTs just tiny pause to have the supposed "leader" (pouter?) of the free world making up self serving stories about his own mother on her death bed?
Nah, Pinch must have just been drunk and let it slip through -- I really can't believe that the NYT has a conscience at this late date.
"Change" Now "Crazy"
The Republican Crazy Is Not An Act | The New Republic
What a difference 3 years makes. In '08, "Change" was a brilliant mantra. Well, we got that change -- which BTW I and a lot of conserviatives thought was "crazy". What did we get? Long-term 9%+ unemployment after we spent a Trillion dollars we were told would prevent unemployment from rising above 8%. BOcare which is a giant tax increase on top of waves of uncertainly that kills especially small business. Less and less oil production and not surprisingly rising gas prices, plus general inflation starting with food. Home prices that continue in decline. A new undeclared war -- only this time, with a violation of the war powers act. At least we didn't get much of the change that BO actually promised -- Gitmo is still open, the Patriot Act is still in force, and Terrorists are being tried by military tribunals. It is just that those things are OK with the liberals and media now that their guy is doing them.
Trying to balance a budget though? "CRAZY!!!!". How in the heck are we still talking about "Bush Era Tax Cuts" after the Democrats held both houses of congress for 4 years and the WH for two of those?? Do you remember any sort of budget battle in '07 over raising taxes when the the Democrats were in charge of both houses and Bush was in the WH? Neither do I. In 2009, they owned all three branches -- they could have passed any tax policy they wanted -- Nada. In 2010, still owning both houses, they failed to pass a budget at all.
Now? The Republicans are CRAZY!! The world is all so simple when you are out in space to the left of it.
Tuesday, July 12, 2011
Hurricane BOnomics
Hurricane Obamanomics | Power Line
Somehow I suspect that if all it took to have a great economy was to spend future generations money, Portugal, Itally, Greece and Spain would have great economies ... instead, they have economies like we are heading for under BO. Maybe a successful economy just takes a wee bit more than massive deficits??? I wonder if Nancy, Harry and BO will ever be able to fathom that??
The Fair Is In August
Not Taking Other People’s Money | The Weekly Standard
Great article, just read it. A teaser:
If our system is not yet “fair,” what will make it so? If the top 5 percent paid 75 percent of the total? Or 95 percent? If they could, would it be ideal for the top 1 percent to carry all the rest of us so we could finally have a tax code that is “fair and balanced”?
The point of the "levelers" is that our system would not be "fair" until there was some arbitrarity tiny difference between the top and the bottom -- even if that was achieved by bringing the average down to essentially zero. It would be fine with them -- "fair is fair".
Saturday, July 09, 2011
Hawaii, Oregon, MN
Currently, only seven states have a higher top income tax bracket than Minnesota, according to the Tax Policy Center.
Adding the governor's proposed 2 percent increase on the 7.85 percent top rate would rank Minnesota third, behind Hawaii and Oregon, both at 11 percent.
We are currently 7th highest, Governor Shutdown wants to make us 3rd.
Thursday, July 07, 2011
PROOF Government Must be Smaller!!
Salting the Warmist Slugs
So rank speculation based on computer models becomes "settled science" and anyone who disagrees with your model is beyond the pale. "Progressivism" constantly pushes to politicize all aspects of life -- family, death, birth, the weather, how much water you flush in your toilet, EVERYTHING ... even the weather. It used to be that "sports and the weather" were nice safe conversations. Thanks to the progressives, they totally did the weather topic in -- they keep trying to get sports as well with Indian names and such.
Dear God, please do something to free us from the progressives!!
Never EVER Trust A Democrat!!
Wednesday, July 06, 2011
BO To Fly Coach?
Is BO more hampered by his Ideology or his Incompetence? It gets hard to judge sometimes.
Friday, July 01, 2011
WI Bargaining Limits Go Into Effect: Sky Falls
Wednesday, June 29, 2011
350% Debt
Tuesday, June 28, 2011
Facts, Deficit, Default
Monday, June 27, 2011
When Will We STAND UP!!!
BO For All Seasons
TX to the Rescue?
Saturday, June 25, 2011
My Ex-Gay Friend - NYTimes.com
Very interesting read, kudos to the NYTs for publishing. Can Gay's change? Pretty interesting that we would like to think that pretty much any other human behavior is potentially changeable through willpower, faith, psychology, training, rewards/sanctions, motivation, etc, etc ... why not same sex attraction? Can a serial womanizer ever reform? Could Tiger, Bill Clinton, Arnold or Weiner ever reform and settle down?
Which sounds like the more natural evolutionary development? A strong attraction to the opposite sex or a strong attraction to the same sex. Evolutionary experts tell us that "the selfish gene" ONLY cares about being passed on through offspring ... meaning that same sex attraction would be???
America used to be the land that believed in starting over, self-creation, redemption, the new world and the new life ... Gatsby was a model, you could become whomever you wanted in America.
Maybe it is remotely possible you could lose interest in the same sex??
A Dirty BO Secret
Even the NYTs quietly agrees that the war Libya is illegal under the War Powers Act??? Wow, how quiet can they be? Remember when waterboarding (that we do to our own special forced troops) was declared "torture" by the media and the Justice Dept lawyers (John Yoo, etc) had ruled WITH then President Bush??? Well, this time, the Justice Dept lawyers ruled AGAINST BO and he had to have a WH lawyer provide the ruling, and the WH lawyer promptly resigned. Another "Winning The Future" (WTF) moment!!
FICA Insanity
OK, FICA is broke, so we ought to RAISE the amount paid under FICA!! Insanity truly knows no bounds!!!
Tuesday, June 21, 2011
Beck Viewers Better Informed than Stewart Viewers?
Sunday, June 19, 2011
TX vs CA
Freedom to Work!
Monday, June 13, 2011
Palin Derangement Syndrome
Saturday, June 11, 2011
Republican Tendencies
- When Wikileaks brought out the State Department e-mails / memos showing the "real views" on various world leaders, how did they like that? They tried to arrest the guy.
- When hackers got the real climate data records that showed that a lot of Global Warming was a hoax, how did they like that? They tried to arrest the hackers.
- What was their attitude on getting BO's birth certificate? Columbia or other school records? Information about his time at ACORN? Maybe his e-mails of early Chicago politics would be interesting? Guess not -- I could imagine the Press being curious, but curiosity this selective makes them essentially a palace guard for Democrats.
- What is the normal position on "invasion of privacy"?
I always wonder though, if people are born with "Republican tendencies"? Even though all their teachers and classmates are liberal, they somehow see things differently. They see how Republicans are treated in the media, and the first few times they make comments in maybe history or government class about "personal responsibility", or potentially "how do we KNOW what is really "progress"", the strong disapproval let's them know they are "different"?
I guess it must be true though that being a Republican is a choice -- some day in maybe HS or College Sarah woke up, knowing the way things ought to be and "went Rogue" -- she willfully chose evil over good and thus began on the path of enmity with the American media and elites.
There is hope of redemption though. Look at Arianna Huffington. She had a short stint as a conservative commentator in the early '90s during which she was seen as a complete air headed idiot by the left. She subsequently "went left", and is now viewed as one of the most brilliant women in the world, taking in $315 Million on the sale of her Huffington Post far left web site.
So while some things about humans are innate, others can be put on and off like fashions. It is a good thing we have the liberal elites to tell us which are which!
Friday, June 10, 2011
Liberal "Fact" On Deficits
Last month, the CBO released a little-noted document, which I first encountered via Bruce Bartlett, breaking down the debt this country has accumulated since 2001. The grand total of debt is $11.8 trillion. Of that, more than half, or $6.2 trillion, was added because of lost revenue, while $5.6 trillion was added because of spending. Now you may look at those numbers and say, well, spending is almost half. And yes, it is. But what’s interesting in this chart is that the lost revenue figure matches exactly the actual current deficit.For those who reside in the world of fact, it’s beyond question that the decrease in tax revenue because of the Bush tax cuts and the economic meltdown that resulted from conservative deregulatory policies has done more than spending to create the crisis. Unfortunately, we don’t live in a world of fact. We live, instead, in a world of right-wing ideological lunacy. And so we get things like Tim Pawlenty’s jaw-dropping economic plan, which ignores completely our revenue reality.
http://www.cbo.gov/ftpdocs/121xx/doc12187/ChangesBaselineProjections.pdf
- The hated "Bush tax cuts" were supposedly responsible for $1,186 of the $6,220 ... you do all you can to make it sound like those were the culprit, they were 1/6th of the problem
- "Tax Act of 2010" $354 Billion, ... Democrats in control of all 3 branches ... 1/4 the size of those horrid tax cuts. Bush??? Hate to say it, he left office in Jan '09!!
- ARRA = TARP ... 2009, $253 Billion, BO, 60 votes in Senate, big house majority. Bush? I don't think so.
- Note 2007, last year of Republicans in control of house/senate. Total deficit $161 Billion. One of the best kept secrets in the American media!
- Total deficits 2008-2011 after Democrats took over House / Senate followed by WH in 2009 $4,565
Friday, June 03, 2011
"Change" in Perspective
Good summary of a few of the selective outrages on various topics, financial meltdown, Patriot Act, the wars, etc. a lot of media outlets, entertainers and people have shifted 180 degrees on exactly the same issues now that their ideology is in the WH.
As it says at the end; General "Betray Us" is now up for head of the CIA and the left is just fine with that!
Debt Ceiling Sanity
Charles nails it, nothing to add, a worthy column.
Can America See Through BO?
Good column by Sowell.
Obama is politically savvy enough to know how to get his point across without blowing his cover.
The fate of the United States of America may depend on how savvy we the people are in seeing what he is doing-- and how soon, before the situation becomes irretrievable.
Tuesday, May 31, 2011
Finding the Weiner Hacker
This story would of course bring down any Republican congressman in 24 hours, but for a liberal congressman, "stuff happens".
Well done (and funny) coverage by IOWAHAWK in the link. I think that Congressman Weiner ought to contact OJ on the search for Nichole's killer. Like the Weiner Hacker, I'm sure he is still "at large" so to speak ... perhaps Rep Weiner looking in a mirror would aid in the search.
Wednesday, May 25, 2011
Liberal Alchemy, Opinion to "Fact"
I've noted a new MSM device that seems to be designed to turn conservative statements into "lies" and liberal opinions into "facts". Much like lead into gold, it doesn't work if you have a brain you use for something beyond keeping your head from collapsing, but it explains why a lot of the left finds these "fact checkers" to very "factual".
After all, it fits their biases, so it MUST be TRUE! But, perhaps the left ought consider the old saw that "if it conforms to your biases, you ought to strongly consider that it is FALSE".
The fact that, as the Lichter study shows, "A majority of Democratic statements (54 percent) were rated as mostly or entirely true, compared to only 18 percent of Republican statements," probably has more to do with how the statements were picked and the subjective bias of the fact checker involved than anything remotely empirical. Likewise, the fact that "a majority of Republican statements (52 percent) were rated as mostly or entirely false, compared to only 24 percent of Democratic statements" probably has more to do with spinning stories than it does with evaluating statements.A lot of what goes on in politics, economics, society, etc is a LONG way from "fact". The modern world is loaded with "statistical science" which is pretty much an oxymoron. How good is the economy? Like a lot of such things "it depends" -- what you use to measure it, which parts you give the most focus, how you deal with government vs private, young vs old, etc.
If you can get some "Fact Check Site" to take your cherished position as the "true way" to view the glass (half empty, half full, twice as big as it needs to be, etc) and call the other side liars. The advantage as always goes to the dominant culture -- millions of people that only listen to one side of the news get another way to have their biases confirmed and continue to live a comfortable life in the the thrall of "The Party".
BO Grounds NASA
Not a particularly well written article, but the authors are guys that I have enough respect for to read independently of their writing skills.
The fact is that America has lost it's way in so many ways, and NASA is just a small example. We need new leadership, we need a vision beyond the transfer of existing wealth from one pocket to another and general decline.
Space was once a REAL "Final Frontier". I guess I really am getting old -- I'm looking back at the space program of the 60's as "the good old days". Damn ... how did Ronald Reagan manage to remain optimistic and positive out into his 80's? Oh wait, he was Reagan -- he WAS the hope, and he still had the illusion of thinking that Carter was the worst president we would ever have!
The Mythology of BO
Very Very well written and solid analysis. Read it!
Maybe Herman Cain is our only hope?
Sunday, May 22, 2011
BO Attacks Boeing
The unions have definitely got their moneys worth out of BO. The real message here is that America is increasingly anti-Business. Less jobs, less wealth, less revenue -- say hello to Chicago style corrupt managed national decline!!
Saturday, May 14, 2011
Block Maintainence
Here we have Krugman, alledgedly an economist and columnist for the "Paper of Record", the New York Times. Assured to be "unbiased" by NBC, CBS, ABC, NPR, CNN, etc. The Wall Street Journal and Fox news are "biased". The real answer? ALL are biased, but falling into the trap of thinking that your biases are "truth" tends to deepen and widen the unacknowledged bias.
Here is a little quote from USA today before we begin -- http://www.usatoday.com/news/nation/2007-05-20-cover-generation-wealth_N.htm
Tungare is part of the wealthiest generation in American history — a group of 67 million people 55 and older who are so affluent that the gap between them and younger people increasingly is making the USA a nation of haves and haves-much-less.
Got that? One great way to divide the haves and have nots is by age. Seniors are richer. Way richer.
Much attention has focused on the multimillion-dollar paychecks of corporate chief executives and hedge fund managers, who've enjoyed windfalls at a time when the wages of ordinary workers have stagnated. But the graying of wealth and income may be the most important twist in the new inequality.Now let's hear what the ever-helpful Mr Krugman has to say about the issue:
Anyway, the truth is that older Americans really should fear Republican budget ideas — and not just because of that plan to dismantle Medicare. Given the realities of the federal budget, a party insisting that tax increases of any kind are off the table — as John Boehner, the speaker of the House, says they are — is, necessarily, a party demanding savage cuts in programs that serve older Americans.No Paul, the TRUTH is that older richer Americans need to look hard at taking benefits from poorer, younger and unborn Americans. The core of the Ryan plan is to turn Social Security and Medicare from a Ponzi scheme where everyone believes they can get more out than they put in, to a serious safety net program for the NEEDY ELDERLY. Because if the country goes bankrupt, the truly needy will be the ones hurt the worst. It is pretty hard to go back to work when you are sitting in a nursing home with no remaining living relatives.
Eventually, reality will force us to be honest. FICA and Medicare were Democratic programs to buy votes by making promises that it was known could not be kept and would bankrupt the nation. Krugman knows this, the Democrat elite knows that, but to them this isn't about anything but raw political power. They could care less about the fact that their path will hurt the neediest Americans the most of all, just as they care nothing about the fact that their poverty programs have destroyed the lives of millions of their supposed beneficiaries through broken families, addiction, and the loss of the cultural impetus to personal responsibility and work.
If Krugman DID want to do something about "the wealthy", he would do something like what Ryan and the Republicans are trying to do -- admit that the jig is up on vote buying programs, and it is time for those who have been responsible in life and saved for their golden years to pay. While I'm a little short of those actual golden years, I'd consider myself in that group. I'm one of the people that will pay for the Republican approach. What is up? Have I turned benevolent rather than evil as we all know conservatives are at their core?
Actually not. The Democrats programs are nearly guaranteed to give us hyperinflation, while I'm hedged to a degree, there is no way that is good news for my portfolio, let along my children's future. I've still got money in the market, and also money that I would like to see in bonds drawing interest. A bankrupt US is not going to make for great market conditions going forward. I'm getting older and will nearly certainly need more health care. Since someone has to pay for that and I'm certain it won't be the Democrats mythological super-rich, it is MUCH better if we can ratchet down the giveaways to those of us that have put away assets, broaden those that are paying down to say "$50K income", and focus assistance on the truly needy. That kind of approach is best able to give us some sanity.
While we are speaking of sanity, let those that can afford to pay for treatments that cost $100s of K in their 50's or 60's pay for them and have them -- just like they have their million dollar motorhomes to arrive in, or multimillion dollar planes. God bless them -- they can be the paying guinea pigs for the advanced stuff that can be available to the rest of us later.
Thursday, May 12, 2011
When Is 80% Not Broad Support?
That party split was reflected in the poll: A whopping 94 percent of Republicans supported photo ID, compared to 64 percent of Democrats.
Any election reform -- so called -- needs to pass with broad bipartisan support," Dayton said last Friday. "So far that proposal has not met that test." In the Legislature, only two Democrats supported the bill.
Got that? Doesn't matter than 60% of your own party supports it, nor that 80% of the population does. No matter, Dayton knows better!
Democrats really need to change their name to PoS (Party of State) -- because that is what they are. They are Statists -- one party rule, and even in that one party, only the very elite rule. Note that their "elite" doesn't have to have much on the ball, with Dayton being a great example. He came by his money the old fashioned way -- he inherited it!
Wednesday, May 11, 2011
Weekend At Bernie Bin Ladin's
Ann is a law professor and Madison, brilliant and conservative -- and a cute blond to boot. Just the kind of woman that liberals really, really, really hate!!!
Yes, I DO remember how HORRIBLE it was for W to use anything about his handling of 9-11 in 2004 campaign. I'm CERTAIN the press is going to use exactly the same standard with BO!!!
Earth To Liberal Reality
This column points up how hard it is for communication to happen when people have vastly different models. As they look across the isle, both sides tend to be absolutely convinced that the the other side is completely out to lunch, "lying", saying things for only political purposes, etc. -- they simply can't imagine a reality that much different from theirs existing.
Reasonable economists can disagree about the effectiveness of the stimulus spending and whether it was worth the drag of the additional debt, but no reasonable economist argues that it hurt the economy in the short term.
Well that pretty much dismisses any potential for "reasonable disagreement"! Let's say that you are an alcoholic and someone gives you a massive amount of alcohol. There is NO WAY you could see that as harmful -- in your model it would be GREAT! If you are addicted to massive government spending, the reaction is quite similar. A business person or an investor looks at a Trillion here and a Trillion there of short term borrowing and goes "uh oh" -- and decides that gold, cash or inflation protected bonds might be a better investment than the stock market, or investing in a new business, or starting a new project, or hiring more people.
So, therefore, "unreasonable" -- it is impossible for the author of this column to imagine a world where the government is a 1/3 part of a 10+ Trillion dollar economy, so when the other 2/3s of the economy see the government being run by an insane clown posse, they reduce their investments in growth on the assumption that "there has to be something coming in the future for the business climate than BO, Nancy and Harry. But then, it is simply "unreasonable" to think like that.
During the early 1980s, taxes were cut and public debt ballooned, from 26 percent of GDP in 1980 to 40 percent by 1986. In 1993, taxes were increased (and spending cut); debt as a share of the economy fell, from 49 percent to 33 percent. In 2001 and 2003, taxes were cut. By the time President Obama took office, debt had climbed to 40 percent of GDP.
Some taxes were cut and others were raised. Revenue went UP -- but so did spending, by a lot more. The cause of ALL our deficits since at least '80 has been SPENDING!! Our revenue as a percentage of GDP has been flat. The government is a drunk to end all drunks -- a drunk can only drink so much, the government can spend an UNLIMITED amount of money, and that is what it keeps doing and is projected to do forever. Only it won't -- because while how much liberals want to spend is without limit, the capacity of the nation to carry pending and debt IS LIMITED.
Listening to Boehner, I began to think the country suffers from two deficits: the gap between spending and revenue, and the one between reality and ideology. The first cannot be solved unless we find some way of at least narrowing the second.
Yes, there is A LOT of "ideology" around. I'm reminded of the Reagan quote; "The trouble with our liberal friends is not that they are ignorant; It is that they know so much that isn't so". One might add that they are always absolutely certain they the right answer as well -- MORE, MORE, MORE .... MORE GOVERNMENT!!!
Tuesday, May 10, 2011
Men Not At Work
Good little column -- we have lost our dynamism.
The result is this: There are probably more idle men now than at any time since the Great Depression, and this time the problem is mostly structural, not cyclical. These men will find it hard to attract spouses. Many will pick up habits that have a corrosive cultural influence on those around them. The country will not benefit from their potential abilities.
Exceptionally Weird WaPo
So those arrogant uncompromising Republicans were at it even back in 1856! To think that we could have had a nice tidy compromise on slavery with those more sophisticated Democrats! Could a Republican even get away with writing something like this? The Democrats were the party of slavery, Jim Crow, and a "nothing special America". Religion? I don't think so -- LIMITED GOVERNMENT !!! That is what made America exceptional -- and the loss of that is what has been killing America.
The huge role of religion in American politics is nothing new but always a matter for concern nonetheless. In the years preceding the Civil War, both sides of the slavery issue claimed the endorsement of God. The 1856 Republican convention concluded with a song that ended like this: “We’ve truth on our side/ We’ve God for our guide.” Within five years, Americans were slaughtering one another on the battlefield.
Therein lies the danger of American exceptionalism. It discourages compromise, for what God has made exceptional, man must not alter. And yet clearly America must change fundamentally or continue to decline. It could begin by junking a phase that reeks of arrogance and discourages compromise. American exceptionalism ought to be called American narcissism. We look perfect only to ourselves.