Hurricane Sandy, Government Machinations, and Congressional Finances: One Year Later
What a year it has been since Hurricane Sandy hit the US on October 28-30, 2012. The size and scope of Superstorm Sandy is a perfect analogy of the the fiscal ineptitude that has churned up in Congress over the last year. Nearly three months after the Hurricane, the Sandy Relief bill was passed. It almost didn’t make it in Congress at all, having been | Read More »
Leviathan is Wounded. And Hungry.
In case you missed it, Harry Reid displayed the most incredible mind reading skills this past week during an interview on Nevada Public Radio. As reported by Roll Call, the Senate Majority Leader explained that, “The only people who feel there shouldn’t be more coming in to the federal government from the rich people are the Republicans in the Congress,” He went on to declare | Read More »
Are Obamacare Enrollment Pressures Unconstitutional?
As each day passes, the various facets of Obamacare are getting implemented in order to be fully operational by January 1, 2014. But we are hearing about the difficulties in the implementation caused primarily by either 1) the website fiasco; 2) low number of enrollees; and 3) people wanting to pay the penalties in order to avoid having to pay for intentionally overpriced health “insurance”. | Read More »
Detroit’s $320 Million FederalAidReliefStimulus Package
Right before the government shutdown, Detroit received a pledge for a $320 million federal “aid package”. The Obama Administration wants to make it perfectly clear: this is not a bailout. That word is too toxic during this time of fiscal instability in Washington. This is relief. A stimulus. It is a hand-up, not a hand-out, and, as the NY Times reports, this will not be | Read More »
Why Does TreasuryDirect.gov Show That Our Total Public Debt is Higher Than the Debt Ceiling?
Treasurydirect.gov has a feature called, “The Debt to the Penny and Who Holds It”. It is a government website, typically dealing with items such as savings bonds, and is separate from Treasury.gov. It shows some interesting data regarding the current debt: Current Debt 10/15/2013 Held by the Public 11,926,495,975,191.95 Intragovernmental Holdings 4,820,874,558,898.67 Total Public Debt Outstanding 16,747,370,534,090.62 Here we see that this history feature shows | Read More »
Reviving a 30 Year Old Book: “The Political Crisis of the 1850s”
Michael F. Holt’s book, The Political Crisis of the 1850′s, was written 30 years ago, but its content is eerily precient of today’s political playground. Written in 1983, Holt offered his not-so-typical thesis of why the Civil War happened. He suggested that is was not slavery, nor states rights, nor North vs South. Instead, it was the breakdown of the 2-party system of government. The | Read More »
150 Days Since the Treasury Reports Have Shown No Increase in Public Debt — But the CBO Reports Show Something Different
Monday, October 14, 2013 marks 150 days since the Treasury Department’s listing of public debt has not moved. The most current Daily Treasury report (October 10) shows “Total Public Debt Subject to Limit $ 16,699,396,000,000; Statutory Debt Limit $16,699,421,000,000.” The record for these two entries has remained unchanged since May 17, 2013, the first time it recorded the public debt at $16,699,396,000,000. Why is this | Read More »
Bush Tax Cuts vs Obamacare: Same Playbook, Different Reactions & Blame (of course)
The tactics that the Democrats used in 2012 regarding the Bush tax cuts is the same strategy being deployed by the Republicans in 2013 and Obamacare. Yet this time around, the Republicans are getting vilified for it. Let’s get this straight. In 2012, the Republicans wanted to permanently extend the “Bush tax cuts” for all. These cuts had been temporarily put in place in 2001 | Read More »
Congressional Chicken or Egg?
The Democrats (and some others) have been screaming for all the country to hear that the upcoming debt ceiling vote should not have to be. After all, once Congress passes a law that involves paying for something, and the President signs it, the country has an obligation to “pay its bills”, right? Wrong. This rationale is utter nonsense, as Congress has the sequence of events | Read More »
Government Shutdown Casualty: FLOTUS Twitter
So, the FLOTUS account on Twitter posted this yesterday So, a few questions come to mind: 1) Isn’t Twitter free? 2) If FLOTUS isn’t doing her own TWITTER (for free), can we assume the Twitter position for her is “non-essential” personnel? 3) Do we taxpayers need to be paying someone to Twitter for the FLOTUS, especially since 2 million (37%) of her followers are fake?