Posts Tagged ‘politics’

Making People Disclose Who They Are Violates Free Speech

April 29, 2011

Yes, if the government forces you to reveal yourself when making speech against said government, that’s a violation of the 1st Amendment.

Think about it.  If you knew your mother-in-law didn’t know what you were saying, you’d probably be more honest.

Same concept.


Alternative Fiscal Deficit and Debt – Scary Stuff

April 24, 2011

I am loving Shadow Government Statistics.  Very interesting reading.

One scary page was the 2010 Financial Statements of the U.S. Government.  The US government uses cash accounting – something a small business of 1-2 employees would use.  Meanwhile, in the real world, any company with more than 10 people uses GAAP accounting (or accrual accounting).

With GAAP, if you owe money in the future (like, umm, social security checks) to someone, you have to call it out on your financial statements now.  With companies using GAAP, this call-out usually becomes a liability (aka debt).  This attempts to clearly shows investors what the company’s future looks like.

But the federal government doesn’t do this.  If it accrues liabilities (like Obamacare or Medicare for baby boomers), the Feds don’t include these future debts in the financial statements. They just count the cash in and cash out in one year.  Like a babysitting business would.

This year, the Federal government ran a cash deficit of $1.294 Trillion.  An already disgusting number.  But, what if we required the Feds to use GAAP (just as GE, WalMart, and any other business does).  Oh, in that case, Shadow Government Statistics estimates the deficit this year at $5.3 Trillion (4X HIGHER!).

And what if we did this into the future?  Well, in that case, our already disgusting federal debt of $14.2 Trillion explodes to $76.3 Trillion in current dollars.

Who’s got that in their savings account?

This Guy is a Nut….But….

April 24, 2011

he does have the right to protest.

Requiring a multi-thousand dollar bond and installing other hurdles smacks of first amendment violations.

Give him his protest…to show how stupid it is.  Shame is a much more powerful weapon against these types of people.

Millionaires and Billionaires on Tax Day

April 18, 2011

Rather than breeding resentment against the wealthy, the president should use his bully pulpit to encourage people to emulate their success by working hard, increasing their savings, and eschewing debt. Unfortunately, those are the attributes that today’s income tax punishes, and on this Tax Day the president is pushing policies to make the situation even worse.


Licensing is Just a Form of Special Interests

April 18, 2011

It’s amazing how people will fight like dogs to protect their special interest.

Licensed interior decorators. LMAO. What’s next? Licensed lawn cutters?

No Sorry, Taxing the Rich Won’t Solve the Problem

April 18, 2011

Good editorial from WSJ. Taxing the rich won’t solve the deficit/debt crisis. And besides, just how much do you want a person to pay before it crosses into immoral ranges?

The fix. Flat Tax please. The best way to make middle and lower class citizens care about politics more is to make sure they are “paying THEIR fair share” (which they don’t today).

iPad fingered as job killer by Rep. Jesse Jackson, Jr – Really?

April 18, 2011

Railing against government inaction to address the problems of 13 million unemployed Americans, Jackson turned his attention to Apple’s self-described magical device, one of which the congressman recently bought. Jackson said the device “is now probably responsible for eliminating thousands of American jobs.”

I haven’t researched this story more – maybe there’s more context to it, but if it holds, are you kidding me?  Now we have liberals and members of Congress complaining about incredible new innovations destroying jobs?  How backward and regressive is this?  While the iPad might have destroyed jobs at Borders, it’s created thousands of jobs in high tech and IT fields.

Creative Destruction…it’s a good thing.

Now that’s a scary cartoon…. (from 1934)

April 18, 2011

Wow, some things just don’t change.  Even in the 1930s some people still realized big government solutions to America’s problems just makes America worse.

But don’t tell liberals this….