Spending at Gun Point

    Spending at Gun Point

    In the days leading up to President Obama announcing his gun control plans, and now that he has, the focus of Republicans and Conservatives has been squarely on his ever-encroaching attack on the Second Amendment.  As Republican National Committee Chairman Reince Priebus stated on the President’s move, “He paid lip service to our fundamental constitutional rights, but took actions that disregard the Second Amendment and | Read More »

    Liberals Don’t Need Revenue to Grow Government Anymore

    Once upon a time, liberals were somewhat principled in their pursuit of a utopian dirigisme.  Sure, they always liked to play a bit of class warfare, but they fundamentally believed in taxing everyone.  After all, if you want a cradle-to-grave government-run society, it’s got to be purveyed by the broad populace. There simply aren’t enough rich people to raise the requisite funds for a rapacious | Read More »

    I do not say that Jack Lew’s signature disqualifies him for Treasury Secretary.

    I am saying that it’s… well, look. (via AOL) Seriously? When New York Magazine says that something is a problem for a Democrat, then something is a problem for a Democrat. That’s maybe going to go on our dollar bills if we’re not careful… or if Jack Lew doesn’t learn how to write his name out legibly. I suggest some emergency Palmer penmanship therapy. (H/T: | Read More »

    Breaking: Hilda Solis has resigned as Secretary of Labor.

    Pretty much out of nowhere: as of an hour ago CNN was reporting that the White House was touting Hilda Solis as a mark of its diversity. Mind you, they were doing so as part of a post about how Barack Obama’s Cabinet is becoming, and I quote CNN here, ‘a boys club.’ At any rate, this was and is very much a surprise, so | Read More »

    I propose calling the Trillion Dollar Coin a ‘Gresham.’

    Mostly because calling it a ‘friedman’ is just a bit too obscure to be proper black humor; calling it a ‘keynes’ actually maligns a guy who would be freaking out over what Obama’s done to his economic policy*; and calling it a ‘fiat’ will cause people to confuse it with the car**. Anyway, basic details here (H/T Jim Geraghty): if you’re not familiar with what’s | Read More »

    Honey Boo-Boo, All My Babies’ Mamas and the Debt Ceiling

    Have you ever just watched an episode of “Here Comes Honey Boo-Boo” and realized that every character therein would be infinitely more valuable fulfilling a different role in the carbon cycle? Wanna’ know what really makes this show kinda’ sorta’ sick? The fact that we all pay to subsidize this behavior each time we shop at the grocery store or pay our taxes. The fact that the longer we subsidize these people, the more these sort of people will become the future of America.

    Then it hits you like this season’s vaccine-resistant influenza bug. This sort of pervasion of nature takes effort and ingenuity. Honey Boo-Boo’s continued parasitic existence is your tax dollars hard at work. This program gives us a nice, naturalistic, smell-the-runny-bastard-poop view of what we win if we raise our debt ceiling high enough and allow our federal government to do whatever the heck it pleases with money that currently doesn’t even exist. Let Dom Pardo show the Redstate viewers what they win if the debt ceiling raises.

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    The absolutely EXPECTED small business fallout from Obamacare.

    It would appear that many small business owners have noticed that the new rules for providing mandatory health insurance coverage have some significant loopholes: to wit, that they only apply to companies that employ fifty or more full time employers (which is to say, people who work for thirty or more hours a week). The answer to handling the situation then becomes fairly obvious. And | Read More »

    The Coming of the Perpetual Milk Cliff

    Only in Washington could they concoct a scheme in which we are forced to increase spending on market-distorting subsidy programs lest we suffer the pain of further market distortions through government price controls.  Yet, that is the case with the so-called dairy cliff that would have been crossed had Congress not passed an extension of the current farm bill. Last year, conservatives successfully blocked the | Read More »

    Obama Has His Revenue. Time for Republicans to Step Up or Get Out.

    Obama Has His Revenue.  Time for Republicans to Step Up or Get Out.

    Most of my morning has been spent listening to the two camps on twitter and in the news. Half say we got a bad deal in the Fiscal Cliff debate. The other half say we got the best we could and should be happy with the concessions we extracted from the Democrats. From the beginning, this negotiation has been a mess. Every day we were | Read More »

    The Fork In The Road Which Lead Us To The Fiscal Cliff

    The Fiscal Cliff is a problem. We typically blame people not named us when problems occur. It’s easier and less painful than solving the problem. Here the problem is that the current US President and Congress (The US Senate in particular)* have both spectacularly failed in their management of the national fisc.

    If we decided to solve America’s fiscal issues, it wouldn’t hurt to mine some historical data. Since 1950, the United States Government has averaged expenditures proportional to 19.61% of the same year GDP with a standard deviation of 2.25%. Our government has booked revenues equivalent to 17.65% of same year GDP with a standard deviation of 1.26%. If both events occurred at random, we’d have a 6.07% chance of a Federal Budget actually balancing if the spending and the revenues were determined at random.** This would suggest that we’ve set up a systemic and nasty spending problem despite pious insistence otherwise.

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    Steven Chu to leave Department of Energy?

    Interesting. Secretary of Energy Steven Chu may be leaving the post during the next term of the Obama administration. Among those on the list to replace Chu are Ritter; Tom Steyer, a Democrat from California; former North Dakota Sen. Byron Dorgan; Susan Tierney, a former assistant energy secretary; and Steve Westley, a California businessman, according to The Washington Post. More at Hot Air, which notes | Read More »

    Fiscal Cliffs and Cocoa Puffs

    In the old days, economic crises were organic events that reflected popular greed, economic instability and tangible fear. Speculative bubbles burst, bank depositors panicked and stock markets (and stockbrokers) plunged. No more. We have grown too sophisticated for all that.

    Our economy has reached a degree of complexity that its crises must be planned, packaged and marketed just like Cocoa Puffs.

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    Welcome to QE4!

    Welcome to QE4!

    The actions of the Federal Reserve over the past 4 years exemplify insanity more than anything else in politics.  They continue implementing one monetary stimulus policy after another in an attempt to jumpstart the economy, even though they keep failing in that goal.  We had QE1,2,3 and Operations Twist 1 and 2.  Now the Fed’s Open Market Committee has announced a new monetary stimulus package | Read More »

    Breaking: Union thug violence towards right-to-work supporters in Michigan.

    Charming: Unions tore down AFP tent at MI capitol, with elderly trapped underneath, while chanting “This is what democracy looks like.” #thankaunion!— Adam Nicholson (@acnicholson) December 11, 2012 Here’s a picture of the former tent in question. The AFP tent in ribbons after an attack by a union thug. twitter.com/AdamGabbatt/st… #righttowork— Emily Zanotti (@emzanotti) December 11, 2012 Moral of the story, besides the obvious? GET | Read More »

    Detroit, Michigan – America’s Ghost of Christmas Future

    Detroit, Michigan shows us the ruins of a once-great civilization. It does us an even better favor than that. It shows us these ruins as a precautionary warning – while our civilization actually embarks upon collapse. You can view the very artistic now vs. then photos of Cass Technical High School, and see the crash that awaits the rest of America if we continue to believe in impossible things.

    This crash will certainly take place, and Detroit’s future will certainly become yours if you remain foolish enough to believe in Government Claus. Libertarian Author James Payne explains the foolish fallacy of Government Claus below.


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