Category Archives: Economic Issues
Images found at 90 miles: http://ninetymilesfromtyranny.blogspot.com/
From RBA: http://redbloodedamerica.tumblr.com/
Just Buy It
That’s our entire economic system: buy things. Everybody buy. It doesn’t matter what you buy. Just buy. It doesn’t matter if you don’t have money. Just buy.
Our entire civilization now rests on the assumption that, no matter what else happens, we will all continue to buy lots and lots of things. Buy, buy, buy, buy, buy. And then buy a little more. Don’t create, or produce, or discover — just buy. Never save, never invest, never cut back — just buy. Buy what you don’t need with money you don’t have. Buy when you’re happy. Buy when you’re sad. Buy when you’re hungry. Buy when you want to lose weight. Buy an iPhone. Six months have passed, here, buy another iPhone. – - If you shop on Thanksgiving, you are part of the problem | The Matt Walsh Blog
Found at AD: http://americandigest.org/
The 23,500 pensioners in Detroit are going to have to adjust their budgets. The city plans on cutting pensions by 84 percent.
On Friday, city financial consultant Kenneth Buckfire said he did not have to recommend to Orr that pensions for the city’s retirees be cut as a way to help Detroit navigate through debts and liabilities that total $18.5 billion.
Buckfire said it was clear that the city did not have the funds to pay the unsecured pension payouts without cutting them.
“It was a function of the mathematics,” said Buckfire, who said he did not think it was necessary for him or anyone else to recommend pension cuts to Orr.
“Are you saying it was so self-evident that no one had to say it?” asked Claude Montgomery, attorney for a committee of retirees that was created by Rhodes.
“Yes,” Buckfire answered.
Buckfire, a Detroit native and investment banker with restructuring experience, later told the court the city plans to pay unsecured creditors, including the city’s pensioners, 16 cents on the dollar. There are about 23,500 city retirees.
From The Daley Gator: http://thedaleygator.wordpress.com/
Found at 90 miles: http://ninetymilesfromtyranny.blogspot.com/
Like some nightmarish laboratory experiment gone spectacularly awry in a horror movie, Seattle statism has gotten out of control. It started when masterminds decided they would limit parking, so as to force people to use more politically correct mass transit and ride around on bicycles like they do in Cuba. This drove parking prices into the stratosphere, as intended, predictably resulting in scofflaws, resulting in turn in lunacy like this:
Dave Petrich, of West Seattle, goes by the nickname “Captain Dave,” because mostly what he drives around town are boats. He runs maritime-history tours, restores wooden schooners and a few years back started the city’s first modern floating farmers’ market, called FarmBoat.
“I put old boats back to work,” Captain Dave likes to say.
Only FarmBoat itself is now out of work. The cause? Believe it or not: too many parking tickets.
The parking tickets are not even Dave’s. They were allegedly run up by one of the farmers who sold vegetables at the FarmBoat, a loose-knit floating market that used to convene every Thursday down on South Lake Union.
Under rule by moonbats, you are your brother’s keeper, as Obama likes to say. Especially when it is easier to wring money out of you than out of your brother.
The vendor was a “good guy who helped us with marketing, but he’s kind of a vagabond, like a lot of people who sell at farmers’ markets,” Captain Dave says. Unknown to Dave, the vendor owed some $7,800 in back parking tickets, penalties and interest going back to 2003. This made him one of Seattle’s more sought-after “parking scofflaws.”
The city couldn’t find him. So they went after Captain Dave instead.
Last January, when the FarmBoat was closed for the winter, Captain Dave got a notice from the city’s collection agent demanding that FarmBoat garnishee the scofflaw’s wages to pay off the $7,800 debt. Captain Dave was baffled by this. He hadn’t seen the farmer in three months. Plus, as a volunteer community-type organization, FarmBoat had no employees. It never paid out wages to anyone.
“We just rent them stalls so they can sell their produce,” Captain Dave says. “There are no wages for the city to take.”
In fact, the scofflaw vendor paid his rental fee “by giving us leftover vegetables,” Dave says.
Once he figured out what was going on, Captain Dave called the city and the collection agent, explained that he was a nonprofit farmers’ market with no employees, and naturally common sense prevailed and the whole thing was dropped.
Just kidding. Captain Dave did do all that. But the collection agency pursued its legal claim against him anyway.
They placed a lien on both FarmBoat and Captain Dave personally.
Characteristically, liberal authoritarianism puts the kibosh on the productive economic activity that generates the wealth…
The market has been closed for two months now due to the lien and legal threat.
…and also results in unintended consequences:
The irony of all this is that Captain Dave has devoted years to this notion that there’s a car-free, environmentally friendly way to transport locally grown food around the Sound in historical boats. It’s been sunk by, of all things, parking enforcement.
Not even moonbats benefit from rule by moonbats — unless they are the actual moonbats in charge, who may be able to add Captain Dave to Obama’s impressively expanding food stamp rolls.
On a tip from Dennis, 1/3 of the Republicans in King County.
From MB: http://moonbattery.com/
A sudden influx of illegal immigrants from Mexico requesting asylum is overwhelming immigration agents in San Diego, forcing agencies to rent hotel rooms for some undocumented families and release others to cities around the U.S.
Documents obtained exclusively by Fox News show Immigration and Customs Enforcement has been paying for hotel rooms for dozens of recently arrived families to relieve overcrowding inside the San Ysidro and Otay Mesa, Calif., processing centers. Some ICE employees are working overtime and others have been asked to volunteer to work weekend shifts. “Duties include intake, placements, transports and release of family groups and unaccompanied minors,” according to a memo obtained by Fox News.
The surge has raised suspicions about what is driving the influx, amid claims that illegal immigrants have learned they can attempt to get asylum by using a few key words — namely, by claiming they have a “credible fear” of drug cartels.
“This clearly has to have been orchestrated by somebody,” said former U.S. Attorney for Southern California Peter Nunez. “It’s beyond belief that dozens or hundreds or thousands of people would simultaneously decide that they should go to the U.S. and make this claim.”
Orchestrated by whom? Could it be by the very people who give the magic words “credible fear” their power? Given that the Executive Branch is now run by a community organizer who could not help but be well aware of the Cloward-Piven strategy of deliberately overloading government services, it seems likely.
Claiming “credible fear” doesn’t get you asylum. But it does entitle you to “a series of interviews, hearings, proceedings and appeals that can drag on for years.” Once in the country, few will show up for hearings. Why should they, with amnesty coming down the pipe? Besides, the government can’t be expected to chase down hundreds of thousands of scofflaws.
Documents obtained by Fox News show that recently on a single day, dozens of illegal immigrants were being transferred to an area hotel where rooms cost $99 a night. Others were released to addresses in Texas, Florida and even Brooklyn, N.Y.
ICE sources say the addresses are almost always bogus.
No worries about the $99 hotel bills. That is pocket change compared to lifetime passes on the welfare gravy train.
Although this wave of invaders comes from as far away as Iraq, most are from Mexico.
Asylum claims from Mexico are highly unusual and critics say this is an orchestrated sham — it’s not about getting asylum, they say, but about overwhelming the system and getting a free pass into the U.S. and a court date for which no one will show up.
“Hundreds of thousands of people have never returned and the list of people for whom warrants are outstanding is phenomenal,” said Nunez. “We have a long history of people absconding from immigration hearings of one sort of another, they just blend back into the community.”
ICE sources say an estimated 600,000 to 800,000 illegal immigrants a year do not show up for their court date and disappear into the U.S.
Francis Fox Piven must be very proud of having been put in charge of US immigration policy. Down in hell, her coconspirator Richard Cloward is smiling fondly.
From Moonbattery: http://moonbattery.com/
“In our modern age, things no longer exist to perform their function.”
Washing machines aren’t designed to clean clothes, but to save water and energy.
Food isn’t there to be eaten, but not eaten. And armies aren’t there to win wars, but to be moral. And the truly moral army never fights a war. When it must fight a war, then it fights it as proportionately as possible, slowing down when it’s winning so that the enemy has a chance to catch up and inflict a completely proportional number of casualties on them. Sultan Knish: Winning the Peace
From American Digest: http://americandigest.org/
44 Facts About The Death Of The Middle Class
1. According to one recent survey, “four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives”. 2. The growth rate of real disposable personal income is the lowest that it has been in decades. 3. Median household income (adjusted for inflation) has fallen by 7.8 percent since the year 2000. 4. According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before. 5. The home ownership rate in the United States is the lowest that it has been in 18 years. 6. It is more expensive to rent a home in America than ever before. In fact, median asking rent for vacant rental units just hit a brand new all-time record high. | Zero Hedge
From American Digest: http://americandigest.org/
Thanks to Barack Obama, SSDI has become a career choice for millions of Americans.
More than 76,000 workers went on the federal government’s disability program in July, according to the latest data from the Social Security administration, bringing the total number of new enrollees this year to 534,038.
Although that is down somewhat from the same month last year, enrollment in the Social Security Disability Insurance program remains sharply higher than it has been historically. Since 2009, an average of about 1 million workers have gone on SSDI annually — a 31% increase from the average enrollment over the previous 10 years.
As a result, a record 8.9 million workers are now collecting disability benefits, which is up 15% since the recovery officially started in mid-2009.
Today, there are fewer than 13 Americans working in private sector jobs for each worker on disability. That’s down from 31 workers per disabled in 1990.
At the same time, the SSDI program is heading rapidly toward insolvency. At current spending and income rates, the program’s trust fund will become insolvent by 2016 — less than 2-1/2 years from now.
From Weasel Zippers: http://weaselzippers.us/
Obama Wants People in The Heat and Dark Because You will Not Be Able to Afford Electricity When He Gets Finished
Tyranny is always an end in itself for tyrants — but it can’t be marketed that way. Nazis sold tyranny as a quest for racial purity; communists sold it as economic justice. In the USSA, the label reads “saving the planet.” The sugar coating is never effective except on the most bovine. For the rest, there is force. That’s why Obama is planning to circumvent congress to ram through his phony climate agenda:
President Obama is launching fresh battles over climate change with plans to curb emissions using executive powers that sidestep Congress — including controversial rules to cut carbon pollution from existing power plants.
The wide-ranging plan, which Obama will tout in a speech later Tuesday, also beefs up federal efforts to help deploy low-carbon and renewable energy…
That is, still more hundreds of $billions of borrowed money will be flushed down corrupt green energy boondoggles like Solyndra, Abound Solar, Beacon Power, et cetera, so as to enrich Obama’s allies and campaign donors.
The plan is designed to get around Congress, where major climate bills have no political traction. White House spokesman Jay Carney said Monday that Obama’s executive approach “reflects reality.”
The reality is that only a dictator unconcerned with voter retaliation would allow the EPA to impose crippling restrictions on power plants that will send energy prices through the stratosphere, dragging unemployment along as businesses collapse under the weight of unpayable power bills. Thus, Congress will be cut out of the loop.
Coal is our most readily abundant energy source. The Obama Regime is openly calling for a war against it. According to White House “climate advisor” Daniel P. Schrag:
“The one thing the president really needs to do now is to begin the process of shutting down the conventional coal plants. Politically, the White House is hesitant to say they’re having a war on coal. On the other hand, a war on coal is exactly what’s needed.”
To win this mostly furtive war, Obama has raised the cost of the carbon emissions by 60%.
Meanwhile, even the liberal press is salvaging some credibility by admitting that there is no global warming of any significance, and that the climate models socialists have used as a Trojan horse to impose a centralized economy along the lines of the Soviet Union are false:
Climate experts have long predicted that temperatures would rise in parallel with greenhouse gas emissions. But, for 15 years, they haven’t. In a SPIEGEL interview, meteorologist Hans von Storch discusses how this “puzzle” might force scientists to alter what could be “fundamentally wrong” models.
Vladimir Putin is not trying to deprive us of our primary energy source. Neither is Mahmoud Ahmadinejad or Xi Jinping. The American people have no worse enemy than the Obama Regime.
From Moonbattery: http://moonbattery.com/
Daniel P. Schrag, a White House climate adviser and director of the Harvard University Center for the Environment, tells the New York Times “a war on coal is exactly what’s needed.” Later today, President Obama will give a major “climate change” address at Georgetown University.
“Everybody is waiting for action,” Schrag tells the paper. “The one thing the president really needs to do now is to begin the process of shutting down the conventional coal plants. Politically, the White House is hesitant to say they’re having a war on coal. On the other hand, a war on coal is exactly what’s needed.”
Obama’s speech today is expected to offer “a sweeping plan to address climate change on Tuesday, setting ambitious goals and timetables for a series of executive actions to reduce greenhouse gas pollution and prepare the nation for the ravages of a warming planet,” according to the Times.
Here’s the full context of Schrag’s quotation:
Daniel P. Schrag, a geochemist who is the head of Harvard University’s Center for the Environment and a member of a presidential science panel that has helped advise the White House on climate change, said he hoped the presidential speech would mark a turning point in the national debate on climate change.
“Everybody is waiting for action,” he said. “The one thing the president really needs to do now is to begin the process of shutting down the conventional coal plants. Politically, the White House is hesitant to say they’re having a war on coal. On the other hand, a war on coal is exactly what’s needed.”
From The Daley Gator: http://thedaleygator.wordpress.com/
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′