Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Thursday, February 28, 2013

Without Even Realizing It, DNC Public Relations Firm @Politico Inadvertently Reports on POTUS Law-Breaking... Again

Another day, another DNC press release from Politico:

President Obama’s budget will probably be released in March, White House press secretary Jay Carney said Thursday, but has been delayed in part by “manufactured crises” including sequestration.


“The series of manufactured crises around budget issues, certainly has resulted at least in part in those experts in the administration who work on those issues having to spend a lot of time dealing with those crises rather than on that,” Carney said during his daily briefing. “But that’s part of the job and they’re working on the budget.”

31 USC § 1105 - Budget contents and submission to Congress:

(a) On or after the first Monday in January but not later than the first Monday in February of each year, the President shall submit a budget of the United States Government for the following fiscal year. Each budget shall include a budget message and summary and supporting information.

If they weren't so busy threatening journalists, perhaps we could get Obama and his administration to submit a budget, as required by law.


Image hat tip: Lonely Conservative.

Wednesday, February 27, 2013

Democrats Never Leave Home Without It

I refer, of course, to the ubiquitous Obamacard.


It's all in fun, until someone actually has to pay for this mess.


Hat tip: Wanda.

Tuesday, February 26, 2013

There's One Born Every Minute

That would be a Democrat born every minute. The Looking Spoon illustrates the hatchet-like cuts of the Sequester:


The federal government is borrowing 46 cents of every dollar it spends, but there's nothing to cut.

And the extremist Left finds nothing wrong with that model, which is destined for calamity.


Hat tip: Dewey from Detroit.

Monday, February 25, 2013

Obama vs. Obama, Sequestration Edition

Integrity. That's what I love about our politicians.


The best thing about the Sequester? It could force our betters in Washington to *gulp* fly commercial.


Saturday, February 23, 2013

If Ray LaHood Sabotages Air Transportation as He Promises, He Needs to Be Subpoenaed by the House

Hey, House Transportation Chairman Bill Shuster:

Have you been listening to Transportation Secretary Ray LaHood's threats to sabotage air travel should the "devastating" (yet tiny) sequester cuts occur?

Transportation Secretary Ray LaHood may be getting ready to leave office, but he is leaving a parting message on the way out at the request of the White House. LaHood said, "Travelers should expect delays of up to 90 minutes at peak airports during sequester, beginning April 1. It’s going to be very painful for the flying public."

If the sequester takes place, budget cuts will hit the Federal Aviation Administration to the tune of $600 million. LaHood said he was not describing a worst case scenario intended to cause people to fear and place pressure on Republican lawmakers. But then he said, "What I’m trying to do is wake up members of the Congress with the idea that they need to come to the table so we don’t have to have this kind of calamity in air services in America."

...According to Lahood, the result of the sequester would be the furloughing of many air traffic controllers and closing over 100 air traffic control towers...

So who does the incompetent buffoon LaHood want to furlough?

Not the paper-pushers. Not the bureaucrats in Washington. Not the bazillions in non-essential personnel. No. LaHood, conspiring with his union boss pals, is prepared to disrupt air travel -- to sabotage it -- to make these tiny cuts seem "devastating".

I've got news for you, LaHood: we're not stupid. The entire federal government -- not the military and intel communities, the rest of you useless jackasses -- could use a 33 percent downsizing. For the children.

As for my readers: please contact the House Transportation Committee and ensure they are aware we expect them to deal with LaHood if he or his successor goes through with these threats.


The Endgame for Currency Debasement: Exter's Pyramid

Where will the global race to debase currencies end? A diagram known as "Exter's Pyramid" offers us a hint:

...Before we delve into why backwardation in gold has some very unique and stark implications, let’s first take a moment to understand exactly what backwardation is.

...Backwardation is the condition where the spot price is higher than the forward price. Backwardation often exists in perishable commodities, right before the harvest. This happens because even though demand is constant throughout the year for a commodity like wheat, the harvest only happens once a year. If you demand delivery right before the harvest, it will be more expensive than taking delivery one month later, after all the grain silos are full. Backwardation is usually a fleeting phenomenon, occurring only when a particular commodity is in short supply and there is great demand for immediate delivery, not in the future.


...[But] gold is a unique commodity in that it is not consumed... it’s hoarded. Estimates of world gold supplies are north of 170,000 tons. So what would backwardation mean in the gold market? ...if and when we see gold in backwardation, it should be considered something like a fire alarm for the system. Something serious is happening. Investors would be rejecting what should be a “risk free” profit opportunity. We would like to suggest two (not mutually exclusive) causes: 1) the threat of counterparty failure and/or 2) loss of confidence in the $US Dollar.

The first implication of gold in backwardation is straightforward and easy to understand. The market is pricing in significant counterparty risk of failure to deliver gold in the future... [We] believe the second implication for gold backwardation is a collapse in confidence in the $US Dollar itself.

...So what would extended or permanent backwardation imply? According to Prof Antal Fekete, “gold going into permanent backwardation means that gold is no longer for sale at any price, whether it is quoted in dollars, yens, euros, or Swiss francs. The situation is exactly the same as is has been for years: gold is not for sale at any price quoted in Zimbabwe currency, however high the quote is. To put it differently, all offers to sell gold are being withdrawn, whether it concerns newly mined gold, scrap gold, bullion or coined gold.”

...For physical gold owners searching for clues to tightness and demand in the physical market, they would be wise to keep a sharp eye on these metrics. It is our belief that this is happening, right now. Money is moving down Exter’s pyramid and while the final denouement may be days, weeks, months or years off, we are certain it would be preferable to be years early as opposed to a day late.

But don't worry, folks. Ben Bernanke's got this.


Exclusive: Transcript of President's secret meeting with House Republicans to avoid the dreaded Sequester

This.



A man becomes president...

...he's expected to have...

...enthusiasms.

Enthusiasms!

Enthusiasms.

What are mine?

What draws my admiration?

What is that which gives me joy?

Spending!

A president stands alone in the White House.

This is the time for what?

Individual achievement!!

There he stands alone.

But the House of Representatives, the Senate, the SEIU, Planned Parenthood... Part. Of. A. Team.

...uhm, teamwork... ehm... teamwork...

Grows the government!

Part of one... big... team!

Works for the collective good, the people, all the live-long day...

...Ayers, Hoffa...

...Alinsky...

...and so on.

If his team don't organize... help the government continue to spend...

What is he?

You follow me?

No one.

...

*** THWAKK!!! ***

*** THWAKK!!! ***

*** THWAKK!!! ***

You got that, Boehner?

You got that?

Get someone to clean this s*** up, Carney.

And find out what time we're teeing off tomorrow while you're at it.


Friday, February 22, 2013

MUST-READ: Titan CEO Smashes French Communist Unions

Tyler Durden updates us on the developing -- and fascinating -- war of words between an avowed Capitalist and the Marxist French government, which is now in:

...Round 3, following round 1 in which the "Titan CEO Crushes Socialist "Work Ethic", Tells France "You Can Keep Your So-Called Workers" and round 2 in which "Socialist France Responds To Titan CEO, Hilarity Ensues."

...Excerpted from Titan CEO Maurice Taylor's follow up letter in response to Arnaud Montebourg's letter responding to Maurice Taylor.

Your letter shows the extent to which your political class is out of touch with real world problems.

You call me an extremist, but most businessmen would agree that I must be nuts to have the idea to spend millions of US dollars to buy a tyre factory in France paying some of the highest wages in the world.

Your letter did not mention why the French government has not stepped in to rescue this Goodyear tyre factory.

The extremist, Mr Minister, is your government and the lack of knowledge about how to build a business.

Your government let the wackos of the communist union destroy the highest paying jobs.

At no time did Titan ask for lower wages; we asked only if you want seven hours pay, you work at least six.

France does have beautiful women and great wine.

PS: My grandmother named my father after French entertainer Maurice Chevalier, and I inherited the name.

I have visited Normandy with my wife. I know what we did for France.

And down goes Montebourg! Down goes Montebourg!


Thursday, February 21, 2013

Reason #3,906 to support the Sequester: DHS to see major budget cuts

According to the Heritage Foundation, the Budget Sequester "cuts the DHS off at the knees."

They say it like that's a bad thing.

... the DHS will be hit hard if the sequestration is allowed to proceed as planned. Some of the areas highlighted are:

• The TSA would have to furlough front-line screening personnel at airports, likely causing significant delays at major airports throughout the U.S.

• The Coast Guard would have to reduce air and surface operations by 25 percent, put off maintenance of its aging fleet, and delay moving into its new headquarters.

• Customs and Border Patrol (CBP) would need to downsize its workforces of both CBP officers and Border Patrol Agents.

• The Department’s Science and Technology Directorate would be forced to cut major projects entirely, including research on protecting the U.S. electrical grid, and drastically slash others.

• Funding to the National Cybersecurity Protection System would be significantly reduced.

Hey! I've got an idea!

Maybe DHS could sell the couple billion of rounds of ammo it's stockpiled into the private market which so desperately needs it.

That way all of the airport crotch-grabbing and Southern border non-enforcing can continue apace!


Obama says that he can't cut spending by 2%, but just hiked payroll taxes on every American by more than that in January.

It would seem that the federal government can't diet by even 2 percent, but the president just hiked payroll taxes on every American -- the poor, the rich and the middle class -- by that exact amount in January. With new Obamacare taxes (on medical devices, capital gains, and higher health care premiums), the average American has had to tighten their belt by far more than 2 percent.

And what is the president's first priority to cut if the dreaded two percent "sequester" hits?

Barack Obama, who says he cares deeply about jobs, has now caused 800,000 civilian workers for the Pentagon to face as many as 22 days off without pay as a result of sequestration cuts.

That's correct: Obama's first tendency when it comes to cutting government is Defense. Not HUD. Not the EPA. Not the Department of Education or the Interior or the myraid of other paper-pushing agencies. He goes right after the Defense Department.

According to Roll Call, Obama's executive branch wastes more than "$400 billion to $450 billion [which is] lost in improper payments plus duplication".

It's actually more than that if you account for fraud and crime.

But, no, the Defense Department is Obama's target. Not the hundreds of billions in waste, fraud and duplicate spending in the federal government.

His ostensible Defense Secretary, the brilliant Chuck Hagel, wants to unilaterally disarm the United States while China, Russia, and terror states build their atomic arsenals.

And Obama gives -- not sells, gives -- F-16 fighters to the Muslim Brotherhood-controlled Egyptian government. Which happens to be the same government that just today refused the U.S. access to a suspect in slaying of a U.S. Ambassador in Benghazi.

Historian Trevor Loudon was right all along: Barack Obama's true goal is to disarm America, to bring it to its knees on the global stage, and to see it humbled.


Wednesday, February 20, 2013

Spelling-challenged Leon Panetta warns DOD civilian employees of impending layoffs in urgent "MEMORANDOM"

Lee writes:

DoD civilian employees received this email today from Leon Panetta. Thought you might be interesting in posting it. The source is impeccable, received a copy him/herself, and gave me permission to use it as I wish.

Lee

P.S., Notice the SecDef office spelled “MEMORANDOM,” “consistant,” “personel,” and “contine” incorrectly. Unbelievable.

SECRETARY OF DEFENSE
1000 DEFENSE PENTAGON
WASHINGTON, DC 20301-1000

FEB 20 2013

MEMORANDOM FOR DEPARTMENT OF DEFENSE CIVILIAN EMPLOYEES

SUBJECT: Preparations for Potential Sequestration on March 1 and Furlough Notifications

For more than a year and a half, the President, the Joint Chiefs of Staff, and I have repeatedly voiced our deep concerns over the half a trillion dollars in automatic across-the-board cuts that would be imposed under sequestration and the severe damage that it would do to both this Department and our national defense.

The Administration continues to work with Congress to reach agreement on a balanced deficit reduction plan to avoid these cuts. Meanwhile, because another trigger for sequestration is approaching on March 1st, the Department's leadership has begun extensive planning on how to implement the required spending reductions. These cuts will be magnified because the Department has been forced to operate under a six-month continuing resolution that has already compelled us to take steps to reduce spending.

In the event of sequestration, we will do everything we can to continue to perform our core mission of providing for the security of the United States, but there is no mistaking that the rigid nature and scale of the cuts forced upon this Department will result in a serious erosion of readiness across the force.

I have also been deeply concerned about the potential direct impact of sequestration on you and your families. We are doing everything possible to limit the worst effects on DoD personel - but I regret that our flexibility within the law is extremely limited. The President has used his legal authority to exempt military personnel funding from sequestration, but we have no legal authority to exempt civilian personnel funding from reductions. As a result, should sequestration occur and continue for a substantial period, DoD will be forced to place the vast majority of its civilian workforce on administrative furlough.

Today, I notified Congress that furloughs could occur under sequestration. I can assure you that, if we have to implement furloughs, all affected employees will be provided at least 30 days' notice prior to executing a furlough and your benefits will be protected to the maximum extent possible. We will work to ensure that furloughs are executed in a consistant and appropriate manner, and we will also continue to engage in discussions with employee unions as appropriate. More information and answers to frequently asked questions regarding furloughs can be found at www.opm.gov/furlough, under the "administrative furlough" section.

Working with your component heads and supervisors, the Department's leaders will continue to keep you informed. As we deal with these difficult issues, I want to thank you for your patience, hard work, and continued dedication to our mission of protecting the country.

Our most important asset in the Department is our world-class personnel. You are fighting everyday to keep our country strong and secure, and rest assured that the leaders of this Department will contine to fight with you and for you.

Leon Panetta


Oh, sure. The administration is real concerned with the effects of the sequester on the DOD. So concerned they didn't even spell-check their ridiculous memo.

Remember: the Government Accountability Office reports that Barack Obama's executive branch wastes at least $125 billion a year. It's probably far higher than that.

Yet the president hasn't raised a finger to address the rampant abuse of the public trust. Instead, he flies off to Palm Beach for yet another golf trip.

 

 

Tuesday, February 19, 2013

Oh, please, Mr. Obama: please save us from the Sequester that you created!

The man who invented the budget sequester now claims it will destroy America. Put simply, if America's had a more dishonest president than #44, I've yet to read about him.

...Obama's out there trying to raise fear on all of this talk about the sequester -- we're talking $85 billion. I want to put this in perspective. The federal budget is $3.5 trillion dollars a year, and we're talking about $85 billion that might be cut, and all of this disaster is gonna happen. Kids are gonna go hungry. Schools are gonna shut down. Bridges and road repair will not happen, and now prisoners are gonna be let go. $85 billion. It is like if you earn a hundred thousand, it's like losing a quarter. It wouldn't matter. Hell, what is the Sandy relief package, $50 billion? So while this is gonna cost us $85 billion, the sequester, $50 billion we're spending here on Sandy relief. Sixty. Pardon me. I was wrong. Sixty billion on disaster relief...

OBAMA: Emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. Border Patrol agents will see their hours reduced. FBI agents will be furloughed. Federal prosecutors will have to close cases and let criminals go. Air traffic controllers and airport security will see cutbacks, which means more delays in airports across the country. Thousands of teachers and educators will be laid off. Tens of thousands of parents will have to scramble to find child care for their kids. Hundreds of thousands of Americans will lose access to primary care and preventive care like flu vaccinations and cancer screenings. This is not an abstraction. People will lose their jobs. The unemployment rate might tick up again.

...Obama is saying this as a freedom fighter. Obama is on the campaign trail, and he is trying to stop all of this from happening. He is fighting the forces that want you to suffer, and they are the Republicans. They are the conservatives, and they are Fox News and they are me...

...Obama wants you to think that Republicans don't care that tens of thousands of parents would have to scramble to find daycare, 'cause the Republicans don't care that daycare would be shut down. You see, none of this that he predicts here is debatable. In the minds of the low-information voter and in the terms that Obama is offering this, these are not things that might happen. These are what the Republicans want to do every day. These are the things that Obama is fighting to stop.

These are the people that he's fighting to stop. They don't care if your kid or your grandmother doesn't get her flu shot. They don't care if you or anybody else gets cancer screenings. They don't care if you lose your job. They don't care that the unemployment rate might tick back up again. All of this, as far as Obama is concerned, is what will happen every day if they're not stopped! This is not so much tied to the sequester. The sequester is just the most recent opportunity for him to characterize his opposition this way, and he is doing everything he can to stop this.

The fact that this sequester business is only $85 billion -- the fact that none of this would happen, the fact that there's no Republican who wants any of this to happen, the fact that it's other people's idea -- is irrelevant in terms of the people Obama trying to reach. This whole sequester is his idea! In fact, I've revised my thinking. I think he wants the sequester to happen because I think he wants to cut down the US military, in a big way. Most liberals do. Here it's gonna happen automatically. He's not gonna have to do anything but sit around and let it, but he's gonna score some political points along the way.

I believe this assessment is correct. Obama created the sequester. He designed its brutal cuts to the military. And he desperately seeks to eviscerate the military.


Friday, February 15, 2013

Haggard, Botoxed, Would-Be Empress: $170K Salaries "Beneath the Dignity" of Congress

With Congressional approval hovering slightly below that of lice and John Wayne Gacy, this takes real chutzpah.

Pelosi: Pay Cut for Congress Beneath Their Dignity

If Democrats in Congress fail to prevent across-the-board spending cuts (AKA ‘the sequester’) their own $174,000 salary gets trimmed too, and Rep. Nancy Pelosi is offended by the notion.

“I don’t think we should do it; I think we should respect the work we do,” Pelosi told reporters in the Capitol. “I think it’s necessary for us to have the dignity of the job that we have rewarded.”

I’m confident we can work out a compromise so that Mrs. Pelosi and colleagues aren’t summarily stripped of their dignity. In fact, as representatives of the people, members of Congress ought to share in the blessings of the economic conditions they have fostered.

So, here are two suggestions:

1) Peg Congressional pay changes to changes in the median household income — down about 8.24% since 2007 — putting their pay at about $159,663. Of course, if they really wanted to identify with the people, we could set their pay AT the median household level, a cut of roughly $110,000. Members who serve inner-city districts could have their’s set to local rates.

2) If the first option also seems below their dignity, they could be rewarded according to their abilities, by putting them on straight commission, so their income increases with every dime they cut from the federal debt. It’s a ground-floor opportunity, and the sky’s the limit (actually, at $16.5 trillion in debt, the limit stretches above the sky).

I sometimes wonder whether Nancy Pelosi has facelift poisoning -- a term I just coined -- such that her brain cells are being starved of oxygen.

And aside from Pelosi, for Democrats in general, the question is often raised: is it ignorance or malice?

The correct answer is: both.


Thursday, February 14, 2013

RUH ROH: Senate Democrats Blast Obamacare Implementation

And to think that a 2,200-page bill, which no one was allowed to read prior to voting on, would turn out be unworkable. The infamous mouthpiece of the conservative Tea-Bagging Right -- also known as Kaiser Health News -- explains:

Valentine’s Day Surprise: Senate Democrats Blast Obamacare Implementation


Senate Democrats on Thursday showed little love to the Obama administration for how it is implementing the federal health law.

Testifying before the powerful Senate Finance Committee, the administration’s top regulator on new health exchanges encountered criticism from several Democrats who helped push through the 2010 federal health overhaul — among them Chairman Max Baucus of Montana and Sens. Ron Wyden of Oregon, Bill Nelson of Florida and Maria Cantwell of Washington.

Baucus questioned how well the online health insurance marketplaces would interact with what he called “archaic” computer systems at Social Security and the Internal Revenue Service.

Cantwell blasted the administration for failing to meet a 2014 deadline to start a so-called Basic Health Program—an optional program that would allow states to offer a cheaper alternative to the individual health policies sold in new online marketplaces to lower-income people. “You are overwhelmed by the details and technology, I get that point. … It seems as if the agency is taking pages out of the law,” she said. Washington state, which has a program similar to this, was hoping to have the federal Basic Health Program running next year when its program expires.

Cantwell questioned whether the administration was delaying the Basic Health Program until 2015 as a way to increase the number of people who buy policies in the online markets...

...He told the committee that every state will have a new online insurance marketplace operating by Oct. 1 with coverage effective in January 2014—regardless of whether the markets are run by the state, the federal government or a partnership of the two.

The administration has given conditional approval to 17 states and the District of Columbia to run the marketplaces. But it is unclear whether all those states will be ready. Idaho, for example, has yet to hire an information technology vendor to set up its website...

And to think that a centralized, one-size-fits-all, authoritarian, Politburo-style command-and-control system of delivering health care, orchestrated by a panel of 15 masterminds in Washington, would turn out to be a disaster!

But, relax, folks: they're only getting started.


Hat tip: BadBlue Money News.

Tuesday, February 12, 2013

Monday, February 11, 2013

Mark Levin Flashback: Why Liberalism is the Philosophy of the Stupid

Mark Levin:

The reason I say that liberalism is the philosophy of the stupid is because we can look at what's going around in the country today. If, in your own lives, you were pursuing policies that were destroying your own home ownership, that were destroying your own job, that were creating a massive, impossible debt for your family and your children in particular, you'd stop it. You wouldn't keep doing it!

And yet for the liberal, if it's imposed on you -- and they feel that they can be immune from it -- they're for it.

They wouldn't do to themselves and their own family what they're doing to you, and your family, and the whole nation!

Take Barack Obama. Does Barack Obama conduct himself in his own, personal affairs, in his family's affairs, as recklessly as he conducts the affairs of the nation? No. Would he run up the kind of relative personal debt that he's running up for the nation? No way.

Would he do anything that would endanger his position as president? Of course not -- he thinks his agenda will return him to office. He's taking care of his constituent groups...

So they do to us -- and they do to our society -- what they would never do to their own families. They do not live in their own lives as they seek to have the rest of us live. Or as they seek to have our society conduct itself.


Related: My Top 10 Mark Levin Transcripts.

Sunday, February 10, 2013

NBER: Yep, Bill Clinton, Andrew Cuomo, and Janet Reno Were Directly Responsible for the 2008 Mortgage Meltdown

Any careful and honest analysis puts the blame for the 2008 financial crisis on Bill Clinton and his sycophants who implemented the Community Reinvestment Act (CRA). The National Bureau for Economic Research (NBER) just put the final nail in the coffin.

Democrats and the media insist the Community Reinvestment Act, the anti-redlining law beefed up by President Clinton, had nothing to do with the subprime mortgage crisis and recession... But a new study by the respected National Bureau of Economic Research finds, "Yes, it did. We find that adherence to that act led to riskier lending by banks."

Added NBER: "There is a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam. Moreover, the effects are larger for loans made within CRA tracts," or predominantly low-income and minority areas.

To satisfy CRA examiners, "flexible" lending by large banks rose an average 5% and those loans defaulted about 15% more often... The strongest link between CRA lending and defaults took place in the runup to the crisis — 2004 to 2006 — when banks rapidly sold CRA mortgages for securitization by Fannie Mae and Freddie Mac and Wall Street.

CRA regulations are at the core of Fannie's and Freddie's so-called affordable housing mission. In the early 1990s, a Democrat Congress gave HUD the authority to set and enforce (through fines) CRA-grade loan quotas at Fannie and Freddie... It passed a law requiring the government-backed agencies to "assist insured depository institutions to meet their obligations under the (CRA)." The goal was to help banks meet lending quotas by buying their CRA loans.
But they had to loosen underwriting standards to do it. And that's what they did.

"We want your CRA loans because they help us meet our housing goals," Fannie Vice Chair Jamie Gorelick beseeched lenders gathered at a banking conference in 2000, just after HUD hiked the mortgage giant's affordable housing quotas to 50% and pressed it to buy more CRA-eligible loans to help meet those new targets. "We will buy them from your portfolios or package them into securities."

She described "CRA-friendly products" as mortgages with less than "3% down" and "flexible underwriting." ... From 2001-2007, Fannie and Freddie bought roughly half of all CRA home loans, most carrying subprime features.

...Obama officials, who are cracking the CRA whip anew against banks, insist the law played no role in the mortgage meltdown... While the 1977 law was passed 30 years before the crisis, it underwent a major overhaul just 10 years earlier. Starting in 1995, banks were measured on their use of innovative and flexible" lending standards, which included reduced down payments and credit requirements.

Banks that didn't meet Clinton's tough new numerical lending targets were denied merger plans, among other penalties. CRA shakedown groups like Acorn held hostage the merger plans of banks like Citibank and Washington Mutual until they pledged more loans to credit-poor minorities... WaMu CEO Kerry Killinger has blamed the CRA for his bank's overexposure to risky loans. He said he wanted to tighten lending requirements, but "such measures would have presented other issues such as the company's CRA rating and its commitment to serving its (low-income and minority) customers and communities."

President Obama, in his younger days, was an attorney for Acorn and party to a lawsuit against Citibank. He, too, had a direct hand in triggering the mortgage meltdown.


DEMOCRATS' UTOPIA AS SEEN FROM SPACE: 1992 and 2010

I refer, of course, to North Korea. No Constitution, no free market, no capitalism, no private property, and unfettered centralized government. No individual rights, no state's rights, no rights of any kind.


How do I know that North Korea is the inevitable result of the hard left Democrat Party's policies? Because Democrats can't articulate any limits on their vision of centralized government. None.

They won't tell us how much more of our private property they want to confiscate in taxes. They won't tell us when they'll stop ringing up trillion-dollar deficits. They won't tell us when they will stop centralizing control of society in Washington in pursuit of Utopia.

They won't share their blueprint for society. They won't tell us their endgame.

Because they don't have one. They're making it up as they go along, subverting the Constitution in a naked pursuit of power. And over the long haul, North Korea is where we're headed.


Friday, February 08, 2013

HILARITY: IRS complains it needs more employees because tax code is getting "more complex and far reaching"

If this isn't an advertisement for the Fair Tax, I don't know what is.

It is alway reassuring to see the IRS complaining that the tax codes are getting more difficult for them to deal with. From Federal News Radio:

"In addition to facing budget cuts and the potential retirement of many experienced employees, the work performed by IRS employees continually requires greater expertise as tax laws become more complex and far reaching," [Treasury Inspector General for Tax Administration] said.

When the United States implements a flat tax (and notice I said "when", not "if", because the current system is doomed), it will unleash the greatest era of economic prosperity in human history.

Read about the Fair Tax -- seriously, it's fascinating -- and I'd wager you agree.