Category Archives: Economy

Discredited Ideologies

Since I don’t know when, when leaders of the political parties (Presidents included) talk about what’s great about America, Freedom and Liberty would be, naturally, the answer.

What has been omitted, until Sept 19, 2017, is Capitalism. And it wasn’t even mentioned. In a compassionate way, President Trump told the United Nations how socialist regimes don’t work for anyone.

The problem in Venezuela is not that socialism has been poorly implemented, but that socialism has been faithfully implemented. From the Soviet Union to Cuba to Venezuela, wherever true socialism or communism has been adopted, it has delivered anguish and devastation and failure. Those who preach the tenets of these discredited ideologies only contribute to the continued suffering of the people who live under these cruel systems.

– President Trump 9/19/17

Thank President Trump for completing the picture. Freedom, Liberty, and Capitalism.  That’s nothing new, but now the type of our economy is no longer the elephant in the room.

Ceiling? What Ceiling?

Raise the debt ceiling? HELL NO! Get ready for it because you know it’s coming when the pols get back to Washington.

For all the Obama administration, there never was a budget proposed and passed by congress. There were only CR’s, continuing resolutions. That was Obama’s flying-by-the-seat-of-his-pants style of budgeting.  Funding his agenda without having to show what it was for or how much it would cost. That, and year after year of raising the debt ceiling is how he managed to double the national debt to over 20 trillion dollars during his eight years in office.

Not proposing and passing a budget, waiting until just days before they run out of borrowed money from the last CR, Congress will raise the debt ceiling and pass another CR. This has become routine for last 8 years.

It’s about time for 3 things to happen.

1) No more baseline budgeting with automatic increases in spending every year, regardless of need or justification.

Every budgeted dollar must be justified. “Because we had that much last year” is not a justification for getting it again this year.

2) No more raising or exceeding the “ceiling.”

If you can’t fit in the room, chop your head off. Congress has raised the ceiling already, several times. Tell your representatives to work with it. Make the hard choices you were sent to Washington to make.

3) Put up a budget either piecemeal, or in its entirety.

Americans deserve the transparency they’ve been promised.

OK 4) When the Democrats squeal, which they will, make it known that they are the ones “shutting down” the government. (Which never really gets shut down. I wish.)

The only way to make America great again is to make the government fit within the Constitution, again.

What Common Ground?

Every time I hear politicians from both parties talk about the need to come together and find common ground, I’m reminded of this old Roseanne Barr line; “Ya know what burns my ass? A flame about this high.”

It happens so often that I’m having my doubts whether the politicians in Washington are going to snap out of the political coma they are in. Those politicians who for decades think that money grows on trees. There seems to be only a handful left, Trump being one of them, willing to face the reality of just how deep a hole they have put this country. And it’s not like there’s anything new to expect from spending more than you can afford. Look at any country in socialist Europe, or Venezuela, to see the state of the Welfare State.

What are we getting from Democrats? The same old song, Republicans want to “take” health insurance away from 22 million people. That farce is explained HERE. Republicans want to take away everything we want to give you.

Finding common ground with this bunch is impossible. Like finding common ground with Hamas. They want to kill Jews. Jews don’t want to be killed. Where’s the common ground?  Liberals and Progressives want to tax and spend their way to bankrupt the country by committing inter-generational theft, thereby exacerbating an already catastrophic financial meltdown. They want to ignore the current $20 Trillion debt, and over $200 Trillion in unfunded mandates, and make both worse by running on “free” stuff.  Who doesn’t like free stuff? Where’s the common ground?

What we need is more adults in Washington that have the will, and the guts to tackle the problem. Chart a course for a new America. One that pays its way and doesn’t steal from future generations, and reviving the economic engine and job creation that the country is capable of.

But first, we must win the argument that a responsible government is what we need. Democrats want an irresponsible government, that’s how they get re-elected. Republicans want to fix the problem, that makes them evil. Where’s the common ground?

 

Climate Schlimate, Paris Accord

Pulling out of the Paris Accord is best for America. The anti-capitalist anti-American community are pushing the narrative that man-made global warming is going to kill the planet, and that the United States is responsible, and should set the example by agreeing to it.

The [agreement] promises to damage the economy while surrendering American sovereignty over climate policy to yet another international, largely anti-American enterprise. Our climate policy — which incorporates health and economic policy — would be mandated by the terms of this agreement. It is a hard-and-fast agreement that targets the United States as the primary culprit and requires the United States to carry the primary burden in fixing what isn’t broken, in stopping what isn’t happening: Man-made climate change.

We are setting the example already, and don’t need to shift trillions of taxpayer dollars from our side of the planet to the other. Get back to me when the rest of the world, including China and India, can run their industrialized economies as efficiently and environmentally friendly as we do. Then tell me what the global temperature should be, and how to keep it from changing.

Democrats Squealing

The Democrats’ pushback to Trump’s budget proposal is nothing short of irresponsible and insane. They claim that the budget will actually kill people. They’ve been saying that since 1995. And since 1995, the budgets, and government itself, have done nothing but grow.

So you can see why the hysteria over a budget that comes to balance in 10 years. Something the Obama administration not only did not do, but stated that achieving a balanced budget was not even on their radar. Their plan was to grow government and expand government involvement in our lives way beyond the boundaries of the Constitution. The crown jewel to that end being Obamacare, eventually leading to single-payer.

When you compare where we were in 2007 to where we are in 2016, you can understand why Democrats are apoplectic and hysterical. Having done their best (with full cooperation from Republicans) to grow government, the notion of fiscal responsibility now comes as a shock1 they just can not accept.  After all, they’re not paying the bill. Our grandchildren and great-grandchildren will if something is not done now to stop it.

How have budgets grown since 2007?

Spending:  2007, $2.8 T 2016, $4 T +43%
Borrowing: 2007, $5.2 T 2016, $5.8 T +12%
National Debt: 2007, $8.95 T 2016, $19.54 T +118%

Not only has the spending and borrowing grown, but since Obama started spending in 2008, his administration managed to more than double the national debt.

This is how Obama said his budgets would grow the GDP.
2013, 6%
2014, 5.6%
2015, 5.8%

Today, Trump’s budget is projecting 3% growth in GDP, and the NYT characterizes this as “improbable economic growth.” How quickly they forget. 3%,  improbable. 6%, no problem. No, they didn’t forget. That’s just the bias of Fake News supporting their man.

Time to come back to reality. Obama’s budgets were scored by the CBO for GDP growth from 3.6% to 3.1%. But never came close, coming in around 1.5% growth in GDP.

Speaking of reality, look what the CBO has to say about unfunded mandates that already consume 56% of all federal spending. That’s up from 43% in 2006.

There is no evidence to suggest that the growth of health care costs, which have risen faster than GDP over the past four decades, is likely to slow significantly in the future. As a result, spending for Social Security, Medicare, and Medicaid will exert pressures on the budget that economic growth alone is unlikely to alleviate.

Just keep in mind that in 2007, people were not dying in the streets. What we are hearing now is the squealing that Jodi Ernst was talking about when describing her experience growing up on the farm.

1Just as much of a shock as Hillary losing.

Link: TRUMP’S BUDGET ASSUMES REASONABLE GDP GROWTH, LIBERALS GO BALLISTIC  |  Government Debt Chart  |  THE BUDGET AND ECONOMIC OUTLOOK: FISCAL YEARS 2007 TO 2016 

OPEC’s World Changing

Ever since the long gas lines of the 70’s and the invention of the Department of Energy under Jimmy Carter (which proved to be an exercise in futility), Americans have been held hostage to OPEC in the prices they pay for fuel.

Two headlines tell a story . . .

Finally, having the will to use the energy potential we have,  the United States can shift from being an energy buyer to an energy producer-seller. And OPEC doesn’t like the new competition.

Thanks to the Trump administration’s opening up of our own energy resources with the goal of energy independence, the global energy market has changed.

Nothing against OPEC, but it is they who have to adjust to market pressures. As for the United States? It’s America first.

Panhandle Pensacola

The City of Pensacola has been grappling with the problem of what to do about panhandlers, aka beggars, in the downtown area. The County has the same issues at intersections and on/off ramps all over the place.

The “problem” is the image portrayed in a City trying to attract residents and business when beggars are sitting and laying on the sidewalk, some with dogs. Not to mention the human problem of the situation they portray themselves to be in.

You might get the impression that there is no help for them, when there is. They just don’t choose to take advantage of it. And no one is making the case that making it easier for someone to stay on the streets is not humane, like Houston Mayor Annise Parker did in 2014. The panhandlers have made begging their livelihood, their “business.”

Always tuned in to how to get into your pockets, I don’t know how this idea has escaped the politicians?  Do what they are prone do, regulate. Regulate the Begging Industry right out of business. Like Bill Clinton and Barack Obama tried to do to the Coal Industry.

If begging is your business, you must have a Begging License, that’ll cost you. I don’t know, say $150 a year. And since the real estate for your business is the public sidewalk or right-of-way, you’ll have to pay rent to the city or county for that. How about $100 a week or $400 a month for “rent?”

See how getting off the street and seeking help is starting to look more attractive, not to mention financially rewarding?

But wait, there’s more. Small businesses have to pay 6% sales taxes to the State and 1.5% to  Escambia County every month. This requires verifiable record keeping. Failure to pay your taxes will result in shutting down the business, and possibly jail time.

All the city has to do is to think of them as small business operators and do, for government, what comes naturally. I bet the “problem” will go away. But, that will never happen. It’s easier to give in to threats of lawsuits from the Beggar’s Lobby than to take proactive steps to help get them off the sidewalk.

Link: City Council to take up panhandling, dog-friendly dining

aSide Order

Ex-FBI translator marries ISIS fighter she was ordered to investigate, court documents show

Giving new meaning to an ‘under-cover operation.’

A FBI spokesperson released this statement, “As a result of this case the FBI took several steps in a variety of areas to identify and reduce security vulnerabilities. The FBI continues to strengthen protective measures in carrying out its vital work.”

Add this to Hillary Clinton’s illegal email server, violations of the Espionage Act, DNC’s computer system hack,  and the so-called Russia-Trump campaign connection, FBI Director James Comey ought to be tendering his resignation.

This is a Trump Campaign Ad that CNN won’t run. They seem to be saying that the “fake news” shoe in the ad, fits them.

Where I come from, tax cuts leave money in the pockets of small business. They don’t put money there.

BLS ‘Secret News’

That the Bureau of Labor Statistics cooks the books in the way that they report unemployment is no surprise to those paying attention. So I’m not touting this news from last Friday’s report. What is newsworthy though, is that the media is not saying a word about it like they (and former Labor Secretary Robert Reich) did religiously, every Friday, while Barack Obama was in The White House.

Instead, they’re talking about Trump’s low poll numbers. (Everyone knows how they make and use poll numbers, and how Hillary was going to win, until she lost.) They’re hyping that, they’re hyping other irrelevant stuff like the ‘first 100 days’ and the Georgia special election for Tom Price’s Dist. 6 seat.

Not a peep about Friday’s report, that says . . .

The national unemployment rate declined by 0.2 percentage point from February to 4.5 percent and was 0.5 point lower than in March 2016.

The U-6, the best government numbers on real unemployment, is down .6% in March 2017 from February 2017. And down a full percentage point in March 2017 to 8.9% compared to 9.9% in March 2016.

So while the media is excited to report about Trump’s so-called unfulfilled campaign promises, isn’t it weird how they miss this one?

Link: STATE EMPLOYMENT AND UNEMPLOYMENT — MARCH 2017  |  THE EMPLOYMENT SITUATION — MARCH 2017

The FairTax Will Fix What Ails Us

I’m afraid that the “tax reform” in the works is not going to be the game changer needed, the FairTax. The politicians are not willingly going to give up the Tax Hammer. It gives them too much power and lines their pockets with campaign cash. It is up to we the people to demand it.

Enactment of the FairTax would be the greatest transfer of power from the government back to the people since the Declaration of Independence. Instead of paying 39% of what you earn, you’ll pay 23% of what you spend, and keep all that you earn. Because your gross pay will be your “take-home” pay, the FairTax will be an economic generator and job creator for people, big and small business. All the while still generating the same amount of money to fund the government and its programs.

Just how can the FairTax be revenue neutral compared to the current income tax? Simple really, when you consider that the tax base expands from just those lucky ones who have jobs to everybody within our borders who purchases any new good or service.

With no tax returns to file, aside from eliminating the need for the IRS, the FairTax will end tax fraud like this; Three Indicted in Florida for Using Stolen IDs to File Tax Returns Claiming More Than $6.8 Million in Fraudulent Refunds.

Here’s a great presentation of the FairTax from the guy who wrote the book on it, Neal Boortz

Neal Boortz podcasts, like this one graciously lifted from yesterday, are available on ConnectPal for a paltry $4.99/month.