President Barack Obama has a new budget. So it’s time to suspend reality and listen and nod your head and pine for four more years.
Public finance
photo by cliff1066
Just because Democrats are statically stuck on stupid, why do they think everyone else is? What I am referring to is static analysis of changes to the tax code. Democrats always want to have any potential changes statically scored. In other words if Democrats raise rates 10%, naturally, the government will get 10% more revenue. If on the other hand you cut tax rates 10%, a very bad thing, tax revenues will fall 10%. The problem is that they have been proved wrong every time. In other words, Democrats believe that if they raise tax rates you will be too stupid to change your behavior in response.
For all the grandiose talk of cutting $4 trillion which will remain undefined, or $2 trillion which is not bold enough, President Obama proves once again when faced with a real solution, he will do anything to kill it.
The Tea Parties sprang to life after seeing cyincal politicians advance their own agenda that most Americans knew wouldn’t work, but damn the people, the politicians plowed ahead. It was about the time of the great stimulus program that we were told (and didn’t believe) the program would cap unemployment at 8% for the mere cost of nearly $1 trillion. If we didn’t act, the politicians somberly pronounced, we would face the dire situation of 9% unmployment.
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
Maybe it was because he was trained as a medical doctor that Rand Paul knows that if you are going to lift something heavy you have to bend your knees and keep your back straight. Contrast that to the other members of Congress who stand on tiptoes, with their legs straight, bent at the waist leaning far over and picking through the $1.6 trillion deficit using only their thumb and forefinger, to find some morsel that they can extract from the budget, crying all the while “It’s too heavy, it’s too heavy.”
You have to smack your head listening to Schumer, Weiner, Pelosi, Reid wailing like crybabies that the spending cuts proposed by the Republicans are too harsh. Perhaps it’s time to shut the government down and like a parent at wits end, send the babies home for a timeout.
President Barack Obama released his budget blueprint on the same day the White House says it expects the budget deficit for the current fiscal year ending in October to hit $1.65 trillion. His budget calls for spending cuts of $1 trillion spread out over ten years. Click to read more
Michelle Bachmann let off the three day CPAC conference with a keynote address that laid out the case against the current administration and the rule of Nancy Pelosi. Most of the focus of her talk was on raising the alarm on our current financial situation and its urgency.
I am currently working on the cover design for my forthcoming book, which will also be called Liberty’s Lifeline, and on the cover will be a drawing of the Statue of Liberty. When the artist drew it, they left the tablet in Lady Liberty’s left arm blank. My advisors suggested that I come up with something that describes the nature of the book that can fit on the tablet. It’s not much of a canvas, especially when it is drawn to fit on the cover of a 6”x9” book.
