April 2011

Share and Recommend:

 

Peter Ingemi hosts the radio program DaTechGuy on WCRN True Talk 830 AM in the Worcester/Boston area. On his program on April 30, 2011 I joined him for his round table for the second hour. The topics were:

  1. The vote by the Democratic Assembly in Massachusetts to curtail collective bargaining rights concerning health care. This would be news if done by Republicans, the fact that it was done by Democrats is astounding
  2. The National Labor Relations Board has told Boeing that they cannot open a factory in South Carolina but must return to Washington because the move was because of oppresive unions in Washington. And that’s a problem because….
  3. The Obama birth certificate. Is it over, yet?

(The audio is about 32 minutes)

Click to read more

Please enjoy this audio podcast

Click to Play  

Your comments and feedback are welcome. Please feel free to share your thoughts below.

Share and Recommend:

Tim Bishop’s “Big Oil Welfare Repeal Act”

by Bill O'Connell on April 29, 2011

Share and Recommend:

I received an e-mail from my congressman introducing his new “Big Oil Welfare Repeal Act”. It was one of those proposals that was either a political ploy or demonstrative of the potential damage that can be done by politicians who spent their lives closeted from the real world in either the ivory towers of academia or as life long members of the ruling class. I wrote a reply: Click to read more

Share and Recommend:

Trouble for Democrats. Seniors Favor Medicare Changes.

by Bill O'Connell on April 28, 2011

Share and Recommend:

It wasn’t long after the Paul Ryan budget was released that the disinformation Democrats began trumpeting seniors being starved, being unable to afford health care, and the usual demogogic scare tactics. But doctors are dropping coverage, the key slices of the pie above are growing much faster than inflation, and the Democrats have no plan other than the age old cut benefits (reimburse doctors less) and increase taxes, just enough to kick the can down the road for someone else to deal with. Congressman Ryan had the guts to come up with a plan to actually fix the system by giving seniors a choice and they seem to like the idea. Why?

Click to read more

Share and Recommend:

What Happened to Evolution?

by Bill O'Connell on April 27, 2011

Share and Recommend:

In the midst of rising gas prices, chaos in the Middle East, President Obama’s muddled energy policy (buy a new hybrid mini-van), we receive reports of a small lizard potentiall bringing oil production in Texas to a standstill. How is that? Yes, the Dunes Sagebrush Lizard is crawling toward the Endangered Species List and when that happens, evolution and the economy stops, just like it did with the Spotted Owl and the timber industry, and a little minnow turning much of the most productive farmland in the country into a dustbowl.

Click to read more

Share and Recommend:
Share and Recommend:

Andrew Breitbart is out with a new book Righteous Indignation and he took some time out of his busy schedule to talk with me about the book. The interview runs about 25 minutes.

Please enjoy this audio podcast

Click to Play  

Your comments and feedback are welcome. Please feel free to share your thoughts below.

 

 

Here is the video about unions teaching union thuggery that Andrew Breitbart mentions was posted on Brietbart.tv at around the 12:50 mark in the interview.

httpv://www.youtube.com/watch?v=ckWDQbvkjE0&feature=player_embedded

 

Share and Recommend:

Democrats Target Guns

by Bill O'Connell on April 25, 2011

Share and Recommend:

The Democrats have a new leader of the Democratic Congressional Campaign Committee and the New York Times is swooning that Debbie Wasserman Schultz, the new chairwoman of said committee is speaking out.

At a rally Monday for Mayors Against Illegal Guns…[s]he called as well for improving the information available to law enforcement about people with histories of mental illness.

Click to read more

Share and Recommend:

Hang In There Tea Party, Help is on the Way

by Bill O'Connell on April 19, 2011

Share and Recommend:

As the Tea Parties celebrate their second anniversary, some of the volunteers have become battle weary, particularly those who live in blue states and don’t see some of the progress that that have been achieved in red states. To rally the troops the following speech was prepared for one of the Tax Day rallies.

Click to read more

Share and Recommend:

Cato Assesses ObamaCare

by Bill O'Connell on April 16, 2011

Share and Recommend:

(This is the last of a series of articles focusing on topics presented at the Cato Policy Perspectives 2011 conference held at New York’s Waldorf Astoria hotel on Friday, April 8, 2011)

“What a difference a year makes” is short assessment of ObamaCare presented by Michael Cannon of the Cato Institute. “It cannot be fixed, it has to be repealed,” was his blunt conclusion.

As long as you are not Rip Van Winkle you should know by now that as Nancy Pelosi famously said, “We have to pass the bill, to find out what is in it.” Well, we’re finding out. We found out that it was true ObamaCare does double count $500 billion in savings, there are thousands of organizations asking for waivers from the program, and the individual mandate has been struck down by several courts.

Click to read more

Share and Recommend:

Tax Day Rally at Foley Square, New York City

by Bill O'Connell on April 14, 2011

Share and Recommend:

PRESS+RELEASE-TeaParty365-Tax-Day-Rally-April-15-2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share and Recommend:

It’s the Spending, Stupid!

by Bill O'Connell on April 14, 2011

Share and Recommend:

To no one’s surprise, President Obama followed his lame first attempt at a budget with the same tired class warfare “taxing the rich is the solution plan”. The problem is spending. This problem is not going to get fixed until we: a) stop spending more; b) start spending less; and c) spend less than we take in until the debt is paid off. Yes, I said paid off. We are the wealthiest country on earth. We should be able to live within our means and not have to borrow to keep a bloated, inefficient, unaccountable government in Washington growing and growing.

Let’s take a look at the facts. The following three charts show how much of Adjusted Gross Income is earned by the most productive 1%, 5%, and 10% (the blue bars) and what share of total income taxes they pay (the red bars). This is over a twenty year period:

 

Share of Income vs Share of Tax Burden of Most Productive 1 Percent

 

Share of Income vs Share of Tax Burden

 

Share of Income vs Share of Tax Burden of Most Productive 10%

 

What is clear from all three of these graphs is that over the past twenty years if you look at the trend lines, while the most productive amoung us produced more, the share of the tax load they paid grew even faster. So let’s stop the sleight of hand about how many dollars the changes in tax law affect Mr. Obama personally and let’s be clear, to use Mr. Obama’s favorite phrase, there was no tax cut voted in December, the vote just maintained the status quo. So, Mr. President, level with the American people. Just what percentage of total income taxes do you want the most productive 10% of Americans to carry? Since you feel 70%, the amount they carry today, is not enough, what do you think is fair? 80%? 90%? 100%? Should the most productive 10% of Americans pay all of the income taxes while the other 90% pay none? Stop dancing around and be straight with the American people and tell us how much of the total pie is fair for the most productive to pay?

But we don’t have enough revenue because of the Bush tax cuts, you say. Okay, let’s put that one to rest as well.

 

Federal Government Revenue over Time

 

It is clear that the tax revenue collected hit its peak after the Bush tax cuts. They fell off after the start of the recession, which is expected, but it appears they bottomed in 2010 and the Bush rates were extended (not increased, not decreased). It’s the spending, stupid!

Trying to raise more money through raising tax rates runs into Hauser’s Law. As I explain in Liberty’s Lifeline, W. Kurt Hauser looked at eighty years of revenue data and concluded that tax revenues will not exceed 20% of GDP no matter how high the rates. If spending continues at 24% of GDP where it is now, we will be digging a hole out of which we will never escape. It’s the spending, stupid!

Instead of leading, President Obama, came out yesterday with Budget 2.0, and basically made a campaign speech instead of a serious policy statement demonstrating leadership. Here is Charles Krauthammer’s analysis:

httpv://www.youtube.com/watch?v=FR0E3trOF-k

President Obama ran for office with the promise of bipartanship. He promised to change the tone in Washington. He has not even been able to change his role from campaigner-in-chief to chief executive and instead has become punter-in-chief. He punted his responsibility to put together a budget to a bipartisan commission. He didn’t like the yucky medicine his commission offered up and so he dismissed their recommendation. He now talks of a new bipartisan commission.

He also likes to follow the instructions of his mentor Saul Alinsky, “pick a target, freeze it, personalize it, polarize it.” He did it to the members of the Supreme Court in his State of the Union address after the Citizens United v FEC decision by calling them out as they sat immobile in front of him. He repeated it yesterday by inviting Paul Ryan and other Republican leaders to this speech and then attacked them.

httpv://www.youtube.com/watch?v=3JjGGnwe6UQ

When I started writing this blog in 2008 it was primarily because I saw the candidate Obama as someone with no executive experience, a few years in the Illinios senate where he voted mostly present, less than a full term as a U.S. Senator before he bailed out to run for president, and the author of a couple of books and I was stunned that people across America actually believed this man, who may be great guy to have a beer with or play a game of basketball or golf, could actually handle the job. Well, as another of his mentors, Reverand Wright, once said, our chickens are coming home to roost. I would much rather have Jimmy Carter sitting in the Oval Office today than this man, and that’s saying something.

It’s about the spending, Mr. President, and if you don’t understand that, wake up Joe Biden and give him a turn at the wheel. It’s time to take your responsibility seriously and make some tough decisions. Right now 2012 is a pipe dream for you.

 

That’s my opinion; I’d like to know yours. Please comment below.

 

Share and Recommend:
© 2011 Liberty's Lifeline. All Rights Reserved.