Books, movies, politics, and whatever I want

Overcoming Liberalism: Step 4

Saturday, February 12th, 2011
Step 4 of 12: Take a college level economics class

A Socialist is defined as someone who’s never taken an economics class. Most Socialists have a hard time balancing their checkbooks, let alone explaining the simple concept of supply-and-demand. It’s time to flush your complete ignorance of basic economics down the toilet and understand how the world actually functions. This concept will be very important for the next steps that involve communism, facts about corporations, and the inefficiencies of government.

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Four Reasons Why Big Government Is Bad Government

Monday, February 7th, 2011

HT to Big Government

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Compare and Contrast

Thursday, February 3rd, 2011

Reaganomics vs Obamanomics in two simple graphs.

HT to the Cato Institute.

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Quick Round Up

Friday, January 28th, 2011

Let’s take a look at what’s going on in the world.

U.S. Initial Jobless Claims Rose More Than Estimated Last Week to 454,000

“Unexpectedly” is the word used to describe this jump by those not paying attention.

Social Security now seen to run permanent deficits.

Well ahead of schedule.

Obamacare waivers skyrocket to 729 + 4 states; 4 new SEIU waiver winners

They don’t want Obamacare? They must be racists!

Foreclosure activity up across most US metro areas.

“The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits.” Hmmm…didn’t they hear our Dear Leader say that we have “broken the back of the recession”? Maybe they are just afraid of the violent tone of his rhetoric.

Oh, and to wrap it up. Sage advice from Doug Powers.

“Note to those in the 18th congressional district of Texas: When a woman who once asked if NASA’s Pathfinder took pictures of where Neil Armstrong planted the flag on Mars calls you ill-informed, it’s time to hit the books.”

In other news, the government chocolate ration is being raised from 30 grams to 25 grams.

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Mr. Reynolds points out the obvious

Wednesday, January 26th, 2011

“YOU WANT A “SPUTNIK MOMENT?” HERE’S YOUR FREAKIN’ SPUTNIK MOMENT: US Budget Deficit to Pass $1.5 Trillion This Year.

Yup, Mr. Reynolds nails it in one.

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John Cox points out the illusion

Friday, January 21st, 2011

Yup, The spending and the taxes are real.

The Recovery? Not so much…

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An Honest Look at democrat talking points on tax hikes

Sunday, December 12th, 2010

Let’s be honest here, the “tax increase on the richest Americans” that the democrats keep repeating their talking points on, won’t effect the “richest Americans” one damn bit.

Take my senior Senator for example, based on his income as a Senator alone, he should be paying federal tax at a rate in the mid thirties.  In addition to his tax payer funded income, he personally is worth hundreds of millions of dollars, plus he married a woman who inherited billions of dollars from her late husband.  His federal tax rate is 14%.

The tax hike the democrats are so hot for won’t effect his tax rate one damn bit.  So the democrat’s rhetoric about having the richest Americans pair their fair share of taxes is a flat out lie.

One of good ideas of the President’s deficit reduction panel was to drastically simplify the tax code and reduce the highest tax rate to 25%.  That will reduce the 30% plus overhead of the IRS and get uber-rich democrats, like my senior Senator, to actually pay their fair share of the taxes paid by almost every other working American.

Don’t expect democrats to embrace this idea though.  It goes against their core values, like waging class warfare.

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Quote of the Day

Wednesday, December 8th, 2010

This one comes from the economics blogger keyneswasdrunk:

Tax cuts, can never add to the deficit. Tax cuts subtract from government revenue. Spending adds to the deficit. It’s very simple and why some people can’t grasp that I have no idea. The Federal Budget is called a “budget” for a reason.

He goes on further explain this simple truth:

It is theoretically possible for the US government too Tax every last cent out of it’s citizens and still run a deficit. But it’s not possible to run a deficit with zero spending no matter what the tax levels are. Deficits are a function of spending too much, not taxing too little.

To channel democrat strategist James Carville, “It’s the spending, stupid.”

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China is building over 200 hundred new nuclear power plants

Saturday, December 4th, 2010

Given the huge number of horrifically dirty coal plans the Communist Chinese government has built, this is a good step for the environment.

What we should be doing in the US.  As Dr. Pournelle pointed out:

I have to say it again: cheap energy will cause a boom. The only cheap energy I know of is nuclear. Three Hundred Billion bucks in nuclear power will do wonders for the economy. We build 100 1000 MegaWatt nuclear power plants — they will cost no more than 2 billion each and my guess is that the average cost will be closer to 1 billion each (that is the first one costs about 20 billion and the 100th costs about 800 million). The rest of the money goes to prizes and X projects to convert electricity into mobility.

It’s the Green thing to do. Greenpeace founder Patrick Moore thinks so too:

I am not alone among seasoned environmental activists in changing my mind on this subject. British atmospheric scientist James Lovelock, father of the Gaia theory, believes that nuclear energy is the only way to avoid catastrophic climate change. Stewart Brand, founder of the “Whole Earth Catalog,” says the environmental movement must embrace nuclear energy to wean ourselves from fossil fuels. On occasion, such opinions have been met with excommunication from the anti-nuclear priesthood: The late British Bishop Hugh Montefiore, founder and director of Friends of the Earth, was forced to resign from the group’s board after he wrote a pro-nuclear article in a church newsletter. … Over the past 20 years, one of the simplest tools — the machete — has been used to kill more than a million people in Africa, far more than were killed in the Hiroshima and Nagasaki nuclear bombings combined. What are car bombs made of? Diesel oil, fertilizer and cars. If we banned everything that can be used to kill people, we would never have harnessed fire. … the 103 nuclear plants operating in the United States effectively avoid the release of 700 million tons of CO2emissions annually — the equivalent of the exhaust from more than 100 million automobiles. Imagine if the ratio of coal to nuclear were reversed so that only 20 percent of our electricity was generated from coal and 60 percent from nuclear. This would go a long way toward cleaning the air and reducing greenhouse gas emissions. Every responsible environmentalist should support a move in that direction.

Let’s review that last line again.

Every responsible environmentalist should support a move in that direction.

If you find a so-called “environmentalist” who is against Nuclear Power, they are either ignorant on the subject matter or a watermelon.

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I got that one right…

Sunday, November 28th, 2010

Back in September of 2009 I posted the following:

German voters decide to deal with their economic downturn by electing a right of center majority that plans to cut taxes in order to stimulate economic growth.
According to Bloomberg, voters rejected the plans of the “Social Democratic challenger to raise taxes on top earners.”
I’m betting that their plan will work better than our Dear Leader’s socialist fantasies.

Let’s take a look at how that actually turned out. According to the BBC:

“Germany’s economy minister Rainer Bruederle has given an upbeat assessment of his country’s recovery, including the assertion that full employment will soon be possible. He said that Germans were doing well and spending again, and that domestic consumption was strong. Data released this week showed German business confidence at a 20-year high.”

Mean while, here in the US with our Dear Leader and his democrat party running the Executive and Legislative branches of the federal government, we have had a shocking high employment rate, a lackluster recovery (and that is being generous) and continuous tax payer funded payouts to that have not been designed to spur growth, but to reward democrat supporters. We have real unemployment rate hovering around 15% and the democrat lame duck congress looking to extend unemployment benefits beyond 99 weeks.  If they had actually done anything to actually boost the private sector economy, that extension wouldn’t be necessary.

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