Delaying the Great, Green Luxury Tax

    Despite many improvements in air and water quality, the planetary environment on Earth remains less than perfect. Skeptics disbelieving this statement are inclined to point out the flawed and dishonest science of Michael Mann and his happy band of chic climate agonists. They then remind us all of the baronial arrogance behind such monstrous legislation as The Warmer-Lieberman Climate Stewardship Act. Defending my statement against these mockers is as easy as googling “China, drinking water, dead pigs.” The Tragedy of The Commons described by Garrett Hardin has truly come to pass in much of the Modern World.

    So the knee-jerk reaction to all of this is to assume the Left is right and that we have no hope of salvation without an industry-crippling carbon tax. One way to test the truth of this hypothesis would be to examine the actions of powerful, Left-leaning political figures empowered to work their will on environmental policy in the face of ineffective opposition. If they really had the answer, and the field was clear for Red Grange to run wild, then they would be off to the end zone with the latest Carbon Tax or regulatory ukase. Yet in both Europe and in America, such is not the case, and therein lies an interesting tale.

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    Trimming Deficits – The Democrat Way

    No wonder Democrats were recalcitrant to propose a budget over the past four years.  I’d be embarrassed too. This week Washington Senator Patty Murray, as Chair of the Senate Budget Committee, introduced her budget blueprint for the next 10 years.  The headline of her budget is that it achieves $1.85 trillion in deficit reduction, presumably, off the $47.2 trillion CBO baseline.  Murray claims that the | Read More »

    Vulnerable Incumbent Democrats Leery of Budget. McConnell Vows “They’re Not Getting Another Tax Hike”

    Vulnerable Incumbent Democrats Leery of Budget. McConnell Vows "They're Not Getting Another Tax Hike"

    After neglecting to pass a budget for almost 1,500 days, Democrats finally started revealing tidbits about how they intend to run the nation’s finances. With huge deficits and mounting debt, questions of fiscal discipline and balanced budgets abound in DC, and this morning Senator Patty Murray (D-WA) revealed the Democrat’s “new” plan: raise taxes. Sen. Patty Murray’s new budget plan will raise tax revenues by | Read More »

    The Tears of a Clown Named Beppe Grillo

    You want to hear something funny? The most powerful guy in Italy right now is a former stand-up artist named Beppe Grillo. He went from being a joke for a living to leading a political movement that won 25% of the vote in Italy’s Parliamentary Elections. The temptation here is to write the whole thing off as an attention-grabbing stunt.

    Yawn! Grillo dubbed his 5-Star Movement a “non-party.” I’m amazed a smart guy like Ross Perot forgot to copyright that. Many of the people he won over were outsiders who were registering a protest vote against the status quo. Grillo got them out to the polls, and observers had the following reaction.

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    Wage Compression & Job Losses: The Crushing Impact Of A 24% Minimum Wage Hike

    Unemployed - Le Haricot

    To be clear, Obama and the Democrats know precisely what they are doing. It’s not about doing what makes good common sense. Rather, Obama and the Democrats’ push to raise the minimum wage is all about politics.

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    Harold Myerson Authors A Fireworks Display of Remarkable Unintelligence

    The Washington Post treats us to a particularly fact-free, faith-based, disingenuous sermon from the Secular Gospel of Keynes entitled Sequestration Stupidity. The preacher, Harold Myerson, perhaps has handled one snake too many and the venom has enstupidated his brain. It seems he doesn’t care for sequestration. It makes him sad that government just can’t spend whatever it bloody well pleases. He laments the evil of people who believe that governments should live within a budget.

    Like an uninspired, hung-over reverend, Myerson attempts to preach a set of moral values he does not practice using a parable that represents the world as the world is not. We get treated to homilies of the sort that follow below.

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    Agenda: How Marxists Are Grinding America Down

    Agenda chart 2

    “They had a three part agenda. They would use their manpower, influence and funds to back anything that would destroy our families, businesses and culture.”

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    Maxine Waters Wins A Fields Medal

    Sequestration isn’t as bad as I exaggerated it to be yesterday. It’s worse. Out of the 143 Million people who work, Sequestration will cause 170 Million of them to lose their jobs. It’s Obamacare on steroids and it’s growing huge.

    OK, so that’s a wee tad inaccurate. It could even be argued that Congresswoman Maxine Waters respects the truth about as much as Occupy Wall Street demonstrators respect police cars. She sincerely has no clue what Sequestration will do or will not do to U3, U6 or U235 unemployment rates. But hey, look! A microphone! Journalists!

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    Explaining Obamacare Nicely To Donna Brazile

    I’ve been told by people who know her that Donna Brazile is a dear, dear lady who is not your typical, predictable member of the Left Wing Journalistic Taliban. Given that strong personal endorsement coming from people whose opinions I respect, I’ve decided to explain something to poor Donna – nicely for a change. It could feel like turning over a new leaf. It seems some people have noticed two rather dissonant opinions that she’s offered on Obamacare via twitter that I thought I could help her reconcile.

    It seems she strongly, strongly supports Obamacare. This is not a shocking thing to hear form a former lead campaigner for Al Gore’s Presidential Team. Here’s an example of her Obamacare boosterism and Dem Team Spirit. I promised to be nice about this and after enough coffee I can even stomach Dallas Cowboy fans. Thus I’ll let her 1st tweet stand as Exhibit A and offer no further snark.

    The conundrum here is that Donna seemed colossally uninformed as to what would happen to the cost of health insurance plans as a result of the Obamacare legislation she herself cheered for. She wonders why she’s having to pay more now that #Healthcareworks.

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    Subjects, Citizens, Guns and The Sequester

    OK Americans, you; and I mean you personally, have a serious ego problem. You are not grateful enough. President Obama works so hard for you, and you don’t show him adequate love. He’s had it. He won’t be putting up with any more of your shenanigans. Therefore, you are going to get both gun control and sequestration – good and hard!

    You see, some people are actually bringing up the point that sequestration was a proposal put forth by The Executive Branch. The audacity of these peons! They think they are citizens when in fact they are subjects. Morale Conditioner, Chuck Todd lectures us on how to think properly harmonious social thoughts.

    CHUCK TODD: Of all the dumb things Washington does, this “who started it” argument has proven to be one of the dumber ones, especially since we’re so close to the actual cuts going into place.

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    Detroit and How Democracies Die

    It’s easy to kick Detroit. The place just about roles over and begs for it. Now we learn that the City Henry Ford built is now eligible to be put under emergency management by Governor Rick Snyder. Michigan State Treasurer described the situation succinctly below.

    “We believe there’s a financial emergency in the city and that there’s no plan in place to correct the situation … I do believe strongly Detroit is fixable,” he said.

    I read this, nod in sad agreement and then think to myself that Detroit is just the symptom. Detroit is just the canary that died in the burning coal mine of American finance. Our country is going bankrupt and despite our heartfelt desire that this not happen, most of us are helping it occur. We are caught in what’s called a discursive dilemma. Gonzalo Lira gives us an explanation of how we made it to sequestration below.

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    Dear Lotus King: I’ll see your minimum wage increase and raise you…

    Lotus Eaters

    Though he may not consider himself an emperor (at least not yet), this last Tuesday, I came to the decisive conclusion that Barack Obama is King of the Lotus Eaters.

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    Susan Combs on the Texas Model of Responsible Economics

    On today’s edition of Coffee and Markets, Brad Jackson is joined by Texas Comptroller Susan Combs to talk about the importance of a friendly business environment, why transparency empowers citizens, and what Washington can learn from the Texas model.

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    A Model for Recovery

    With tonight’s State of the Union address we will get a preview of Barack Obama’s second term. His agenda for the four years will undoubtedly include more partying, golfing and excessive spending in Washington. Meanwhile, Americans are faced with another four years of stagnation, uncertainty and rising taxes. The Problems We Face Barack Obama’s Washington is broken. With an administration high on its power, looking | Read More »

    Is Education Spending Intelligent?

    If you read enough media, you’ll occasionally see something interesting. This morning two intelligent people wrote editorials on education and I found myself unsure whether I agreed with either. Perhaps I’m not as think as I stoned I am. Who knows? But in an era of tightening resources, hard choices have to be made. Educational spending will have to be included in the pile of reducible expenditures, so perhaps hearing out both Michelle Rhee and Jonah Goldbergwill help give us a better sense of what could work.

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