Category Archives: Economic Issues
As originally posted on: FSK’s Guide to Reality
September 13, 2007
I’ve been reading a bit about the philosophy of agorism, and it seems attractive to me.
The philosophy can be summarized in one sentence: “I want to do useful work, get paid, and not have to report it for taxation, confiscation, and regulation.”
Let’s start with a specific example. Suppose you don’t like the US government’s policy of aggressive wars in Iraq and other countries. You can vote, but voting is ineffective due to various corruptions in the system. The income tax means that the government confiscates 50%-95% or more of everything I produce. Productive work supports the government, even if I disapprove of its activities. I am unable to do any useful economic activity without supporting things I find objectionable.
The government’s policy is completely ridiculous. Citizens may not perform work without reporting it for taxation, confiscation, and regulation. I object to that requirement.
The fundamental goal of an agorist revolution is the creation of wealth that the red market can’t confiscate. This is the only type of revolution that has a legitimate chance of succeeding, because the participants would be profiting and undermining the government at the same time. The red market derives its power by leeching wealth. Creating unconfiscatable wealth undermines the red market’s power.
Currently, the only type of grey market work available is low-paid unskilled labor. The agorist wants to create a grey market for highly-skilled, high-paid labor.
The agorist says that all governments are inherently illegitimate. A government is merely a group of people conspiring to take away my property and my rights. Government employees benefit handsomely from this arrangement, because the salaries and pensions they receive are higher than they would get in the private sector. The people who control large corporations benefit from this arrangement, because their market position is frequently endorsed by the government and its regulations. Wealthy campaign donors love the government-granted perks they get. The Federal Reserve’s policy of inflation benefits the financial industry at the expense of everyone else. Government is merely a group of people conspiring to confiscate the wealth of the productive part of society.
The agorist says that all the functions of government could be more effectively performed by the free market. You can have a private justice system. You can have a private police force. Everyone knows that government is up for sale, manipulated by the wealthy. Why not do away with the pretense completely? Let’s privatize everything.
Why should the government have a monopoly on violence and justice?
For example, instead of paying a 50% income tax, maybe I can pay 2%, or even a fixed fee, to a private police force who will insure my property is protected. The police force would utilize a private justice system, to make sure that they don’t use force needlessly. If two people have a conflict and are subscribing to different police forces, then the incentive is for the businesses to resolve the dispute peacefully rather than violently. If a private police force was misbehaving, then it would be perfectly acceptable for people to start seeking alternate vendors. Some people might pay for protection by several police forces simultaneously, to prevent monopolies from forming.
Suppose there’s no intrinsic legitimacy given to the government. It’s perfectly legitimate to use force to defend yourself, if someone attempts to confiscate your property. Imagine what would happen if tax collectors were met with armed resistance from everyone? What would happen if everyone ceased voluntary compliance with the taxation system?
Right now, the vast majority of people are compliant with the taxation system. That means that red market workers can afford to expend vast resources tracking down violators. It needs to make sure that violators are caught so that the penalty for tax avoidance makes the risk unattractive. However, with taxation rates of 50%-95% or more, tax avoidance starts to be attractive, if it can be done with relatively low risk. I’m not just counting direct noticeable taxes. There are hidden taxes and regulations, which also cost money.
What’s the real risk of getting caught? It’s hard to say. You only hear about the people who got caught. The people who get away with it don’t come forward and admit it, do they? There’s no source of reliable statistics, so you can’t quantify the risk.
How would you make the transition to an agorist economy? There is a problem, because people aren’t going to want to give up their government-granted perks. They are going to resist change as much as they can. People are reluctant to avoid paying taxes and following government rules. However, if there’s a profit to be made, people might be convinced.
The key is to develop a system that allows people to perform productive economic activity without reporting it for taxation and confiscation. The Internet is a useful tool for this, because it would allow people to share information efficiently. It wouldn’t be too hard to write software that would facilitate an agorist economy.
The standard financial system is designed to frustrate attempts to perform economic activity without reporting it for confiscation. Transactions larger than $10,000 must be reported to the government. Repeated small transactions are also reportable. Besides, who wants to trade with worthless paper money? An alternate financial system would need to be developed. This way, transactions can be performed without reporting them to the government. People could still settle transactions with paper money or silver or gold, if they really wanted to. I think the Social Credit Monetary System is the best solution.
Whatever system is developed would need to be as decentralized as possible. As much as possible, information should NOT be stored on a centralized server. A centralized server represents an attack point. As much as possible, communications should be encrypted.
Actually, some information needs to be public. A database listing who trusted whom would need to be public and shared to be useful. On the other hand, maybe a trust database should be private, because it would represent a list of people for red market agents to harass. All transaction records should be private. Ideally, transaction records should be destroyed when completed, so red market agents can’t confiscate them.
There would be an important check that ensures people follow the rules. Just like in the BitTorrent economy, any user who misbehaves would be banned and denied a valuable resource. New users would be admitted only if another user vouched for their trustworthiness. The distributed nature would make it hard to shut it down, even if spies did infiltrate it.
Suppose there was an effective system for facilitating productive work without reporting it for taxation. With such high confiscatory taxation rates, there would be a huge incentive for people to work under such a system. The goal would be to avoid government detection as much as possible. As more productive people started working in this grey market economy, the power of government would decrease.
If the system was sufficiently distributed, there would be low risk even if you got caught. Red market agents might find out about some of your transactions, but not all of them. You could pay back taxes and fines on some of the transactions, and still come out ahead overall.
An agorist grey-market economy would also benefit because it could avoid compliance with all government regulations. It would not need to spend productive effort on regulation compliance. Its only wasted effort would be that spent avoiding detection by red market enforcers.
Ideally, an agorist economy could offer lower prices and higher wages, compared to the white market or pink market. The ability to avoid taxation and regulation should cut expenses by 50% to 95% or more.
Some pink market practitioners have their salaries artificially raised by the red market. For example, doctors need to waste a lot of money on education and spend years training. The supply of doctors is restricted by the red market. A license is required to practice medicine. A grey market doctor would not need the licensing requirement. He would only need to spend a year or two learning what is really needed to help his patients. An agorist doctor would not earn as much as a pink market doctor, but he would save the hassle of years of medical school and a residency. An agorist doctor would not have to deal with HMOs, Medicare, and insurance companies. The free market would help people decide which doctors are good and which are no good; people will share information about their experiences. Currently, the supply of doctors is artificially restricted, so there’s no mechanism for incompetent doctors to be removed from the market. The agorist doctor won’t get busted for “practicing medicine without a license” if his customers don’t turn him in to the red market. Besides, patients can always go to a pink market hospital if they have a problem their agorist doctor can’t handle. Eventually, the agorist hospitals would be better than the pink market hospitals.
Switching to a grey market agorist economy might be necessary for survival. A hyperinflationary crash of the dollar could happen at any time. A substantial amount of untaxed economic activity would facilitate such a collapse.
It probably is not possible for a person to satisfy all their needs in the grey market. However, the larger percentage of their economic activity that they can hide, the more they will benefit. If someone operated both a white-market business and a grey-market business, that would facilitate concealing their grey-market activities. On the other hand, you might be better off not having any official business at all. The IRS frequently cracks down on small business owners; registering yourself as a business owner might just be making yourself a target.
The red market derives its power solely by leeching off the productive members of society. Without them to push around, its power would rapidly collapse.
An agorist revolution has a legitimate chance of succeeding. The agorist market participants would be profiting from their activity. They would be undermining the government and making a profit at the same time. They would profit more than white market participants, because they would be unencumbered by taxes, inflation, and regulations. In that sense, once an agorist movement gets started, it would be self-sustaining. With a leaderless organization structure, it could not be easily shut down by infiltration or force. The agorist needs tools for effective operation, plus a certain number of participants.
An agorist revolution would probably be a peaceful one. Agorist market participants can hide their activity. They would appear to be normal, productive, nonviolent citizens. Agorist market participants would tend to resolve their differences peacefully, both to avoid the attention of red market enforcers, and because non-initiation of violence is part of the philosophy. By the time the agorist economy is large enough to be noticed by red market enforcers, it would have viable systems for competing and replacing government institutions. The agorist market would step in smoothly as the government loses power. The violence would come from red market participants, trying to crack down to preserve their position. However, a large number of red market workers might simultaneously be employed by agorist protection agencies. Typically, corporations infiltrate government by subverting Congress and the President. An agorist movement would infiltrate government by subverting the low-level line workers.
An agorist revolution, once started, would be self-sustaining. The participants would be profiting from their actions.
A lot of websites I read are philosophizing and speculating. I am ready to start writing tools and start using them. I would like to be a participant in an agorist economy, if only I knew other people to trade with! My primary skill is writing software. That’s the skill I’d be offering in trade. Initially, I’ll just write the code I think is needed and release it into the public domain.
Summarizing, I want to do productive work, get paid for it, and not have to report it for taxation and confiscation.
Cyprus graphically illustrates where the road to socialism leads, on its way to full-flown Soviet-style communism:
The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling.
The bloc struck a deal on Saturday to hand Cyprus rescue loans worth 10 billion euros ($13 billion), but defied warnings – including from the European Central Bank – and imposed a levy that would see those with cash in the island’s banks lose between 6.75 and 9.9 percent of their money.
It is no longer safe to keep money in the bank, because profligate bureaucrats will find it there and confiscate it.
The purpose of this outrage was to prevent Cyprus from going into default.
That would have undermined the promise that Greece’s debt writedown last year was a one-off, but the unprecedented move to hit depositors adds a radical new dimension to the crisis across the euro zone.
The initial response of investors was unambiguous. Shares lurched lower, the euro fell to a new three-month low, while safe-haven assets such as gold and German government bonds jumped.
The cost of insuring the debt of even high-quality European banks against default also rose sharply with analysts citing fears the decision could spark contagion across peripheral regions with the potential for widespread outflows of deposits.
Anyone with money in a Spanish or Italian bank might consider keeping it instead under the mattress where it will be relatively safe.
After the Mediterranean dominos fall, Germany will be left to carry the entire Eurozone on its back. Don’t buy stock in its success.
Similar tax and spend policies, arising from similar contempt for the concept of private property, will have similar effects in the USA. It is only a matter of time.
Liberals tell us there is a third way between freedom and communism. There isn’t. You can’t cop out when it comes to good and evil. Every society has to choose, and if it chooses wrong, it has to face the consequences.
On tips from Ghost of FA Hayek, Dr. 9, Bob Roberts, Sean C, Don M, and Wiggins. Hat tip: Zero Hedge.
The U.S. Government Sits on Trillions of Dollars Worth of Resources While Pushing America into Poverty
By Alan Caruba
THE ECONOMY IS SO BAD:
I got a pre-declined credit card in the mail.
I ordered a burger at McDonald’s and the kid behind the counter
asked,”Can you afford fries with that?”
CEO’s are now playing miniature golf.
If the bank returns your check marked “Insufficient Funds,” you call
them and ask if they meant you or them.
Hot Wheels and Matchbox stocks are trading higher than GM.
McDonald’s is selling the 1/4 ouncer.
Parents in Beverly Hills fired their nannies and learned their
A truckload of Americans was caught sneaking into Mexico .
Dick Cheney took his stockbroker hunting.
Motel Six won’t leave the light on anymore.
The Mafia is laying off judges.
Exxon-Mobil laid off 25 Congressmen.
Congress says they are looking into this Bernard Madof scandal. Oh
Great! The guy who made $50 Billion disappear is being investigated by
the people who made $1.5 Trillion disappear!
I was so depressed last night thinking about the economy,
wars, jobs, my savings, Social Security, retirement funds, etc., I
called the Suicide Lifeline. I got a call center in Pakistan and when I
told them I was suicidal, they got all excited, and asked if I could
drive a truck.
Found this at Tea Party Community: https://www.teapartycommunity.com/
Obama Wants More Snow
A winter storm of epic proportions has pounded the northeast. The president’s solution: make it colder. That’s the message he sent during his second inaugural speech, and it’s what we’re going to hear in the State of the Union address on Tuesday.
Not that the president’s climate change proposals will actually work. Closing down a few coal-powered plants is not going to alter global temperatures. But it will please the environmental lobby and bring in contributions in advance of the 2014 congressional elections, which is more or less the point.
If the White House could alter the climate, the 2013 supersnow would argue for making it warmer, not colder. The storm has killed at least four, shut down commerce in four states, and wrought havoc on air travel nationwide.
The recent cold spell in the eastern U.S. has been accompanied by record cold in China, Europe, and other regions. Obviously, the earth’s climate is not getting dramatically warmer, as climate alarmists claim. While it is generally acknowledged that global temperatures have risen since 1850, more recent temperature readings have been less clear-cut, and future readings are unpredictable. In the centuries-long period before 1850 known as the Little Ice Age, global temperatures were the coldest in millennia.
The next century may well revert to that pattern of cooling — a prospect not to be desired. On balance, periods of climate cooling result in devastating crop failures, higher death rates, and lower standards of living. Warming, on the other hand, produces bumper crop yields, economic growth, improved health, and greater prosperity — especially for the world’s poor.
President Obama has never shown much concern for the world’s poor. Unlike President Bush, whose Millennium Project brought a measure of reform to developing nations, Obama has been willing to meet “without preconditions” with any corrupt tyrant, anytime and anywhere. The result has been no improvement in living standards or human rights among the world’s poorest citizens. Obama is more interested in rewarding green energy investors who just happen to be major contributors to the Democratic Party than he is in relieving suffering among the poor.
The president’s climate change policies certainly don’t do much for anyone, poor or not. After the failure of Solyndra and many other government-funded green energy companies, one would have thought that Obama had learned his lesson. But his second inaugural proposal was to double down on green energy — that is to say, continue shoveling out tens of billions of dollars to wealthy investors in exchange for campaign contributions. Even with continuing trillion-dollar deficits, Obama insists that government does “not have a spending problem.” A trillion dollars is nothing to this president as long as he can wring a billion dollars of contributions out of it.
The fact that all of this spending comes at the expense of ordinary Americans seems not to matter. At a point in the economic cycle when the economy should be expanding by more than 4%, estimates of GDP growth for 2013 are coming in at 2% or less. That lack of growth, and the lack of job-creation that accompanies it, has devastated working Americans. Proposed EPA regulations of existing coal-powered plants will, if implemented, result in a tax on all Americans, but one that disproportionately affects the poor and middle class. The same thing can be said for Obama’s radical plans to raise CAFE standards on passenger vehicles. Likewise for EPA regulation of oil and gas drilling and all the other misguided climate-related policies coming out of this administration. Ordinary citizens are paying a tax equal to 25% of their income — the effect of compounding wage losses of 3% annually over eight years of the Obama administration — just to fund the president’s green energy pay-to-play schemes.
The effect on the world’s poor is even greater. It is, in fact, a matter of life and death. Obama’s continuing support for corn ethanol mandates has raised global grain prices beyond what the world’s poorest citizens can afford. Quite literally, Obama has caused billions of poor people to go to bed hungry each night and millions to starve. Ironically, America’s first African-American president would rather collect cash contributions from the green energy lobby than save the life of a child starving in east Africa.
Global hunger is already a crisis, but if Obama really could lower global temperatures, as he claims to be able to do, hunger would become a catastrophe, and not just in east Africa. Fortunately, nothing any politician can do will change the course of the earth’s climate. Unfortunately, Obama doesn’t see this, or he doesn’t want to see it. And his actions are going to cause great harm, especially to the poor the world over.
What is truly disturbing is this president’s callousness toward the poor. One stroke of the pen could eliminate corn ethanol mandates, end biofuel boondoggles, and block EPA regulation of fossil fuels. As a result, the U.S. economy — and the global economy with it — would flourish, creating new wealth that would spread not just among America’s people, but among human beings everywhere.
Real reform of this kind would lower food and fuel costs globally, thereby relieving suffering for the world’s poor. Obama’s proposal to double down on green energy, on the other hand, will drive food and fuel costs even higher. Tens of millions of desperate human beings will die as a result of the president’s policies, and billions will suffer the agony of unending hunger. Does the president even care? Not as long as donations keep rolling in.
Jeffrey Folks is the author of many books on American culture, including Heartland of the Imagination (2011).
From American Thinker
Nothing to see here folks, totally sustainable.
(CNSNews.com) – According to projections from the Congressional Budget Office (CBO), entitlements and ObamaCare spending will comprise 53 percent of all federal spending over the coming decade, totaling $24.9 trillion.
In its updated Budget and Economic Outlook report released on Tuesday, the CBO projects that Social Security will account for $11.149 trillion in spending from 2014 to 2023 while federal health care entitlements, including Medicare, Medicaid, and ObamaCare, will spend $13.85 trillion. (That total includes TRICARE, CHIP, and “other” spending listed by the CBO under healthcare.)
ObamaCare’s insurance subsidies, exchange costs, and other spending are expected to cost the government $949 billion over the next 10 years. Medicare is expected cost $8.1 trillion while Medicaid is expected to cost $4.4 trillion.
Combined, these two entitlement categories (Social Security and all health care programs) will comprise 52.9 percent of the projected $47.2 trillion in total federal outlays from 2014 to 2023.
From Weasel Zippers: http://weaselzippers.us/
By Alan Caruba
The Milledgeville area plant closing will cost more than 200 jobs. (The Telegraph)
A Georgia utilities company is closing 15 coal, oil and gas plants thanks to the latest Obama EPA regulations.
Georgia Power said on Monday it plans to seek approval from Georgia regulators to retire 15 coal-, oil- and natural gas-fired power plants in the state totaling 2,061 megawatts (MW) due primarily to the high cost of meeting stricter federal environmental regulations.
Over the past few years, U.S. generating companies have announced plans to shut about 40,000 MW of older coal-fired power plants as low natural gas prices have made it uneconomic for the generators to spend millions to upgrade the plants’ emissions systems to meet the latest federal and state environmental rules.
In a press release, Georgia Power, the biggest unit of U.S. power company Southern Co, said it wanted to shut units 3 and 4 at Plant Branch in Putnam County; units 1-5 at Plant Yates in Coweta County; units 1 and 2 at Plant McManus in Glynn County; units 1-4 at Plant Kraft in Chatham County; and units 2 and 3 at Boulevard in Chatham County.
The company said it plans to file its updated Integrated Resource Plan (IRP) with Georgia’s utility regulators on Jan. 31.
Units 3-4 at Branch, units 1-5 at Yates and units 1-3 at Kraft are coal-fired units. Kraft Unit 4 and Boulevard 2 and 3 are fired by natural gas and oil. McManus units 1-2 are oil-fired.
The company said it expects to ask to retire the units, other than Kraft 1-4, by the April 16, 2015, effective date of the U.S. Environmental Protection Agency’s (EPA) Mercury and Air Toxics (MATS) rule.
From The Daley Gator: http://thedaleygator.wordpress.com/
From Theo: http://www.theospark.net/
- And NO, I’m not voluntarily going to pay MORE taxes…I’m Taxed Enough Already.
Maybe I can ‘save the planet’ and ‘go green’ (without transferring any cash for carbon credits from Al Gore) at the same time I cut back?
- Making ice cubes takes energy, so I can lower my energy bill and my carbon footprint by not drinking my Scotch on the rocks, but straight with water by. This should also take the edge off the blazing hypocrisy of our present “raise taxes AND spending” politicians.
After all….it’s the least I can do to acknowledge their doing the least they can do.
‘We are cutting back and you may want to also….
We’re going to bite the bullet, too!!!!
President Obama ordered the cabinet to cut $100,000,000.00 ($100 million) from the $3,500,000,000,000.00 ($3.5 trillion) federal budget.
I’m so impressed by this sacrifice that I have decided to do the same thing with my personal budget.
I spend about $3,000 a month on groceries, household expenses, medicine, utilities, etc., but it’s time to get out the budget cutting axe, go through my expenses, and cut back.
I’m going to cut my spending at exactly the same ratio (1/35,000) of my total budget. After doing the math, it looks like instead of spending $3,000 a month, I’m going to have to cut that number by nine cents. Yes, I’m going to have to get by with $2999.91, but that’s what sacrifice is all about.
I’ll just have to do without some things, that are, frankly, luxuries – nine cents worth. Guess I’ll have to put a little less Vermouth in my Manhattan, or give up lemon in my gin and tonic!!!!! Tough decision!
Did this President actually think no one would do the math? The monetary figures are tough to grasp…. but with this illustration it’s easily understood that President Obama isn’t serious about reducing spending.
Please send this to everyone on your list so people understand how idiotic a $100 million cut is in a $3.5 trillion budget – ludicrous!!!!!!!
“There are two ways to conquer and enslave a nation…
One is by sword…The other is by debt.”
John Adams 1826′
Miserable Economic Conditions Will Lead to Dependency, Envy, Strife, and Death – The Liberal Formula Being Carried Out in America
The objective of liberal politics is to induce the Democrat Death Spiral, a vicious cycle by which miserable economic conditions lead to government dependency and class envy, leading to Democrat electoral victories, leading to higher taxes and crippling regulations, leading to still more miserable economic conditions. Once the Democrat Death Spiral has been initiated, the more damage left-wing bureaucrats inflict on the economy, the more certain they are of reelection.
Detroit entered the Democrat Death Spiral decades ago. As a result of the city’s utter wretchedness, the Democrats who inflicted it receive upwards of 90% of the vote. There is no possibility of Democrats losing control, or of the city ever regaining its lost greatness.
California officially entered the Democrat Death Spiral when it brought back Jerry Brown despite a desperate economic situation that urgently required the state to turn away from Governor Moonbeam’s brand of profligate liberalism. In effect, the state committed suicide out of sheer moonbattery. Its prospects are no better than Detroit’s.
The United States of America officially entered the Democrat Death Spiral on November 6, 2012. Obama was not reelected despite the awful state of the economy under his rule but because of it. The more of a mess Obama makes, the more his Marxist rhetoric will resonate, the tighter the grip Democrats will have on America’s throat. This is why Obama will not lift a finger to improve the economic situation, but rather will deliberately worsen it by using taxation to drive up unemployment.
From here forward, the worse it gets, the worse it will get. Unless a way is found to reverse the cycle by removing liberals from power, each day will be the best day of the rest of America’s existence.
Be sure to thank the next liberal you see.
The Declining Economic Freedom Of The United States
From 1980 to 2000,the US was generally rated the third freest economy in the world, ranking behind only Hong Kong and Singapore.
The ranking of the US has fallen precipitously; from second in 2000 to eighth in 2005 and 19th in 2010. By 2009, the United States had fallen behind Switzerland, Canada, Australia, Chile, and Mauritius, countries that chose not to follow the path of massive growth in government financed by borrowing that is now the most prominent characteristic of US fiscal policy. By 2010, the United States had also fallen behind Finland and Denmark, two European welfare states. Moreover, it now trails Bahrain, the United Arab Emirates, Estonia, Taiwan, and Qatar. — | ZeroHedge
From American Digest: http://americandigest.org/
From Moonbattery: http://moonbattery.com/
Those pinky rings aren’t cheap.
Via Beltway Confidential:
Advocating for the working man doesn’t pay too poorly, it seems. Here’s a list of the annual salaries and benefits earned by the nation’s top labor officials, according to the Labor Department. This data is based on 2011 filings:
AFL-CIO President Richard Trumka – $293,750.
National Education Association President Dennis Van Roekel – $460,060
Service Employees International Union President Mary Kay Henry – $290,334.
American Federation of State, County & Municipal Employees President Gerald McEntee – $512,489.
International Brotherhood of Teamsters President James P. Hoffa , Jr. – $372,489.
American Federation of Teachers President Randi Weingarten – $493,859.
International Association of Fire Fighters President Harold Schaitberger – $323,811.
From Weasel Zippers: http://weaselzippers.us/
If those of us who use electricity understand what’s at stake this November as well as those who provide it do, Romney will win in a landslide. Check out this turnout to hear him speak:
From the Toledo Blade:
Mitt Romney [Tuesday] stood in front of eastern Ohioans seemingly straight out of the mine — hard hats, smudged faces, and blue and gray uniforms — as he accused President Obama of “waging war” on coal.
“He’s for all the sources of energy that come from above the ground, none of the sources below the ground, like oil and coal and gas,” the presumptive Republican nominee told a crowd outside American Energy Corp’s Century Mine near Beallsville, Belmont County. …
“We’ve 250 years left of coal,” he said. ‘’Why in the world wouldn’t we use it?”
Southeast Ohio is also the focus of a burgeoning shale natural gas and oil industry built around hydraulic fracturing, or “fracking,” the practice of using chemically treated fluids at high pressure to fracture shale to release the gas and oil within.
If it’s up to Obama, these precious resources will remain beneath the ground, throwing thousands out of work, particularly in key swing states like Ohio and Pennsylvania.
You don’t have to be a coal miner to want Obama out of there before he can do any more damage. You just have to like the way the lights come on when you flip the switch.
Time to clean house.
(CNSNews.com) – By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.
Prior to fiscal 2008, the federal government had never increased its debt by as much as $1 trillion in a single fiscal year. From fiscal 2008 onward, however, the federal government has increased its debt by at least $1 trillion each and every fiscal year.
The federal fiscal year begins on Oct. 1 and ends on Sept. 30. At the close of business on Sept. 30, 2011—the last day of fiscal 2011—the total debt of the federal government was $14,790,340,328,557.15. By June 29, the last business day of the third quarter of fiscal 2012, that debt had grown to $15,856,367,214,324.44—an increase for this fiscal year of $1,066,026,885,767.29.
In the fourth quarter of fiscal 2012, the federal debt has continued to accumulate, hitting $15,874,365,457,260.40 at the close of business on Thursday, July 19—marking a total increase so far in fiscal 2012 of $1,084,025,128,703.25.
ZIP at Weasel Zippers: http://weaselzippers.us/
Posted on | July 19, 2012
And by “somebody else,” I mean, Barack Hussein Obama:
U.S. jobless claims jumped 34,000 to 386,000 last week, the government reported Thursday, reflecting typical summertime fluctuations in auto-industry employment.
Applications for unemployment benefits are now back to somewhat elevated levels after falling two weeks ago to a four-year low, suggesting the labor market remains sluggish.
Economists surveyed by MarketWatch had forecast claims would rise to a seasonally adjusted 365,000 in the week ended July 14. The level of claims is a rough gauge of whether layoffs are rising or falling.
Claims in the prior week were revised up to 352,000 from 350,000.
The unemployment applications exceeded forecasts by 21,000 and that’s just “typical,” eh? Unemployment is just “somewhat elevated,” eh?
And by the way, does anyone remember the Labor Department’s unemployment numbers being revised downward during this administration? Or am I correct in suspecting that the initial report pretty much always understates the numbers, and then they come back to “revise upward” later on when they think we won’t notice? Dog-bites-man headline of the day:
You didn’t need a poll to know that. Somebody else needed that poll.
It’s Obama’s economy, stupid.
UPDATE: Guess it’s time to post this video:
Somehow I get the feeling Obama will say on Nov. 7, “I didn’t lose that election. Somebody else made that happen.”
MITT ROMNEY for PRESIDENT
Make That Happen
From The Other McCain: http://theothermccain.com/
Let’s call the Greater Depression of 2008-2012 (and counting!) what it is.
Yes, it is that bad. But too many people, both in the media and elsewhere, still think that putting their heads in the sand and refusing to put a name to evil will cause that evil to disappear.
No, the rot in our body politic not start with Barack Hussein Obama. It set in long before that, and it has gotten worse with every administration since Ronald Reagan left office. That said, BHO has raised presidential profligacy and perfidy to an entirely new level. And the SCOTUS has doubled down on doing damage in the week following their outrageous Obamacare ruling.
We are told to accept all of this as the “new normal.” We must not!
- PJM: June Jobs Report: 8.2 Percent Unemployment (updated)
- PJM: Two Peas in a Political Pod: Obamacare and Stubborn Unemployment
- Yahoo! Finance: Dismal hiring shows economy stuck in low gear
- Breitbart: Next Month’s Job Growth Could Be Even Lower
From 1389 Blog: http://1389blog.com/
Blacks bearing a racial grudge sure stuck it good to the white man by voting for Barack Hussein Obama. But they also stuck it good to themselves. Crushed by the Big Government boot on its neck, the economy was only able to create 80,000 jobslast month, probably not even enough to keep up with the undocumented Democrats pouring over the border.
Hit hardest were the unemployed in the black community, where the unemployment rate increased from 13.6% in May to 14.4% in June. For black youths aged 16 to 19, the unemployment rate is now an astonishing 39.3%, up from 36.5% last month.
These numbers do not include the millions who are underemployed or who have given up looking for work. Nor do they reflect Benedict Roberts’s catastrophic ObamaCare ruling, which will cripple businesses. Hiring of blacks and whites alike may have to wait until employers see if Romney can get in there and repeal the monstrosity.
Despite the Manchurian Moonbat’s politically precious pigmentation, Hopey Change has been no kinder to blacks than anyone else. Not that this will prevent many from voting for him again.
A liberal is someone who drills holes in the bottom of the boat, pleased that the other passengers will drown, not realizing that he will drown first.
Its difficult to complain that poor people are doing so terribly and require more of your tax dollars if they are fat.
Usually poor people in a nation are the most malnourished and skinny. In America they’re characterized as being fat and well fed, which doesn’t lend its self well to “give me more of your money.” So a way of getting you to pay anyway had to be created. The definition of a “food desert” is contingent upon the income level of people. USDA guidelines state that someone living more than a mile from a shop selling fresh food and below the mean income of the community is in a food desert. Portland’s guidelines are the same, but the distance is reduced to a half mile. This is interesting since 94% of Portland’s residents own a car – far higher than most big cities – and can easily make a trip of a mile to shop. – Word Around the Net: JUST DESERTS?
From American Digest: http://americandigest.org/
Posted on | June 12, 2012 |
I’m not going to have time to cut a video of this and push to YouTube, alas:
Private Sector’s Doing Fine
“Private sector’s doing fine,”
said the Prez ‘midst quaffs of Coke.
Snorted he: “Bitter cling-ons
“Will fires of racism stoke,
and with extremists entwine,
’til Hope and Change on them dawns.
“Economy? I awoke
it from richest dreams, with yawns,
#Occupied by sweetest wine.
“Aren’t we a nation of Jonhs?
(If I may Edwards invoke,
shafting him while I get mine.)
“Wasting too much on our lawns,
altered from natural pine,
as though ‘Gaia’ were some joke.
“It doesn’t take an Einstein
to free Capitalist pawns
and part Hayeckian smoke:
“We must seek fairness divine,
and the choom of justice toke,
thumbing Tea Party morons.
From The Other McCain: http://theothermccain.com/
From today’s House Committee on Oversight hearing, an exciting new book-cooking venture from the administration that brought you “jobs created or saved” and whose recent “gains” on unemployment have been driven in large part by discouraged workers dropping out of the labor force. Darrell Issa’s been focused on their “green jobs” calculations for months and finally got his chance to grill a BLS bigwig on their bean-counting:
Issa suggested the administration is reclassifying such jobs to prove that billions of taxpayer dollars, through the federal stimulus program, have created green, or environmentally-focused jobs – a major initiative for President Obama…
The Bureau of Labor Statistics states a green job is either: a business that produces goods or provide services that benefit the environment or conserve natural resources, or a job in which a worker’s duties involve making their establishment’s production processes more environmentally friendly or use fewer natural resources…
Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute and contributing editor of RealClearMarkets.com, said the administration should be focused on simply creating jobs, not classifying them.
She cited the administration putting $3.5 million into the failed Solyndra solar-energy company as an example of the administration appearing to misleadingly or incorrectly tout green-job creation.
Four years ago, Obama promised more than once that he’d create five million “green jobs” over the next decade. Thanks to the magic of reclassification, sounds like he might already have gotten there.
Read it all at The Daley Gator: http://thedaleygator.wordpress.com/
It is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record.
The flip side, and the reason why the unemployment rate dropped to 8.1%, is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
Labor force participation Rate:
People not in labor force:
From The Daley Gator: http://thedaleygator.wordpress.com/
What’s Wrong With The World Part VII— Ignorant
Posted on 27 April 2012
(Highlights by ZTW)
By: John C. Wright
The mere fact that the Samoans, as well as every other sane tribe, nation, and race on the planet, adheres to a marriage custom and rules that deter fornication, and the mere fact that tales spun by jocose natives to fool gullible palefaces pretending to be anthropologists with stories so outrageous that no one but an intellectual would believe them, these facts do not halt the progress of Modern nonsense-theories that the conscience has no authority and words have no meaning, because whatever partisans of nonsense do not care to notice, they do not notice. They create a mental blankness, partly a pretense and partly a psychosis, which enables them to not notice ungood thoughts. What is never noticed need never be answered, refuted, or denied.
The Modern Man proposes to prove that there is no such thing as right and wrong.
Of course, he does not notice that to embark on a proof, any proof, is tacitly to accept that there are standards of right and wrong, since a proof by its nature is an appeal to the objective authority of reason.
A proof that meets the standard of evidence is right (proven) and what does not meet the standard is wrong (not proven). The tacit assumption is that it is wrong, morally wrong, an act of intellectual dishonesty, to ignore an honest proof.
Every proof, even something as abstract as a technical debate between empirical scientists concerning the merits of the Steady State Theory versus the Big Bang Theory, tacitly assumes the honesty of the discussion and the integrity of the evidence: it is vain to offer proof to someone who does not adhere to the duty of an honest man to admit (despite his inclination otherwise) his cherished theory might be wrong.
To prove there is no such thing as right and wrong, the Modern Man has to maintain that all previous assessments of right and wrong were utterly arbitrary. No two eras, no two nations, no two religions, no two philosophies (so the Modern argument runs) can agree on anything; ergo (so the leap of logic leaps) no one is correct; ergo (so the leap of unlogic leaps) only the Christians are despicable, and everyone else is praiseworthy.
Clitoris mutilation carried out by Mohammedans on their female children is merely their particular contribution to the rich diversity of cultural multiplicity, and therefore neither right nor wrong; whereas monogamy as practiced by Christians is abhorrent, and to teach children the Christian religion is child abuse. So the Moderns say, or, rather, would say, if somehow they could be forced to speak without recourse to that mental blackness which enables them to utter nonsense and evil while pretending not to notice what they are saying.
In order to pull off the massive false-to-facts deception, the man of the modern mind has to ignore all of history and to remain blissfully aware of what other men of other lands and eras preach and teach.
No one (except, perhaps, an intellectual) can read the Koran, the Sutras, the Mahabharata, the Analects of Confucius, the writings of Lao Tzu, the Havamal of the pagan Norse or the learning of the pagan Greeks and not see much the same moral precepts endlessly repeated. All men have the same basic knowledge of right and wrong: the differences are either differences of a barbaric practice as opposed to a civilized (as monogamy versus polygamy, or slavery versus abolition, or infanticide versus holding human life sacrosanct) or they are trivial differences of custom or ritual, not related to ethical principles.
But the Modern Man does not just argue that barbarians disagree with civilized men about the morality of polygamy. No, indeed. He also argues that BECAUSE there is no such thing as right and wrong, some Caesar should be granted an unchecked and absolute power over the speech, acts, and thoughts of his neighbors, and should take money and land and personal property from whomsoever Caesar deems and grant the same to whomsoever Caeasar favors.
The Modern furthermore argues that the current crises and emergency requires a repudiation of precedent and legal practice, and a radical reinvention of any and all ancient institutions, and any other act by the state as might be needed to correct for historical injustices, or to make manna fall from the sky to feed the poor, or to bend all swords into ploughshares as war shall be studied no more, or to wipe all tears from the eyes of men, and bless and love them forever and aye.
This is not merely a confusion of theology with political economics. This is a manifestation of gross ignorance is in the realm of political economics.
The only way the same policies that failed in ancient city-states (and failed every place and each time they have been attempted) could be seriously proposed and debated is if the debaters or the audience of the debate is utterly ignorant of the basic facts of history which have been known since the days of Thucydides, and basics of economics which have been known since the days of Adam Smith.
The only way it seriously could be debated that even though all previous attempts to give one man or one small faction extraordinary and unchecked power have led to the corruption of the laws, but nonetheless the modern intellectual’s version of Caesar is appointed by History with such shining moral virtue that he will never get corrupt, is if the debater or his audience indulge in an unprecedented, nay, an awe-inspiring degree of naivety and self-imposed ignorance.
The only way it seriously could be debated that, even though all previous scares and panics and panicky scares and scary panics about overpopulation, DDT, Alar, ozone depletion, acid rain, global cooling, global warming, nuclear winter, genetically-altered grain, this current scare (whatever it is) is honestly and truly a cause for panic and immediate creation of a dictatorship as the only solution to avoid this current catastrophe (whatever it is), is if the debater or his audience know little or nothing about science.
The only way it seriously could be debated that fundamentalist Islamic is not a threat, but is indeed a collection of well-intentioned peaceful souls, perhaps stirred momentarily to understandable if regrettable violence by the unforgiveable atrocities of Jews and Christians, whereas fundamentalist Christianity is a looming and immediate menace to the life, liberty, even the sanity of the innocent world, is if the debater and his audience ignore the current situation, and ignore the last decade, last century, and last millennium of history, and the millennium before that.
That requires a lot of ignoring; a gigantic ignorance, a cyclopean ignorance, a titanic ignorance, a celestial and Uranian ignorance so vast beyond the measure of the universe as to be invincible.
Such titanic ignorance aids the deceiver and the self-deceived.
It is not ignorance at all, but pretense; telling oneself a fable.
Via American Digest:http://americandigest.org/