Saturday, December 31, 2011
Thursday, December 22, 2011
Thursday, December 1, 2011
Occupy yourselves, lefties
We are not against equality. We generally recognise the benefits in Scandinavian-style homogeneity: crime tends to be lower, people are less stressed etc.Get honest.
Thursday, November 10, 2011
Talking Turkey
And millennials are moving in with the 'rents:
According to Census data, 5.9 million Americans between 25 and 34 years of age—nearly a quarter of whom have bachelor's degrees—live with their parents, a significant increase from 4.7 million before the recession.
But many parents can't afford the extra expense. A full 26% of those polled by the nonprofit group took on more debt to help their offspring, 13% delayed a planned life event such as a home purchase, and 7% postponed retirement.
Compounding the problem is the fact that certain parents are crowding the younger generation out of the job market because their support of their grown kids means they can't afford to retire.It's potluck around the table. That pricey turkey economy.
P.S. Retirement wars. The growing "wealth gap" between old and young could get ugly as it dawns on the latter that they won't have anything to retire on. #OccupyReality Some of their parents won't either.
...Time for a classic --crossposted at BackyardConservative
Thursday, October 13, 2011
The Fraudulent Franken Majority
Thursday, August 4, 2011
Generational Warfare. "Stop calling our country Taxdonia. This is Lovelandia!
If we keep raising successive generations’ lifetime net tax rates, we will eventually be hitting up our progeny for every penny they earn, leaving them unable to consume or save. If they can’t save, they can’t invest, which means they won’t be able to maintain -- let alone increase -- the economy’s stock of capital needed to produce goods and services.
The U.S., incidentally, has a national savings rate of zero and a domestic net investment rate of only 4 percent of national income. Both are postwar lows.
Memo to House Republicans: Budget balance doesn’t imply generational balance.[snip]So what's the bottom line, hmm?
The Youngsters have hired some young economists to use generational accounting to examine the lifetime net tax treatment of different cohorts. Their report isn’t pretty. It shows that past cohorts received, on a lifetime basis, far more than they put in and that the current young are being asked to participate in a Ponzi scheme.
They also learn that measuring debt is a meaningless labeling game since the government can take from the young with the words “taxes,” rather than “borrowing,” and incur debts via promises of future repayment that are tied to the “taxes.”Today's young aren't feeling the love. They thought it was embodied in Obama. Now more than a few are figuring out he's an empty suit.
Who will be the next young, hot star?
P.S. Rep. Joe Walsh (TEA Party R-IL): Sen. Rob Portman: Matching debt increases with spending cuts will balance the budget in a decade without raising taxes. Wall Street Journal
UPDATE: Doorbell, a Powerline entry:
--crossposted at BackyardConservative
Friday, July 15, 2011
Thursday, July 7, 2011
Mark Dayton's Big Accomplishment: MN Shutdown
Yes, Mark Dayton should be commended, he's not pitching a tent and keeping a state park open just for him, no, no, no. Mark Dayton makes do.
Tuesday, July 5, 2011
Friday, July 1, 2011
Dems Choose Class Warfare on the Eve of Independence Day
We have a jobless summer, only one in four teens is employed. The minimum wage was raised by Dems when they controlled both Houses in 2007, costs have gone up, tax and regulatory uncertainty is rife, yet the president picks a fight with job creators.
A case in point in Minnesota, where the new Dem governor faces a new Republican legislature. Despite the governor's claims of cuts, the GOP House and Senate actually increased spending slightly over the previous year, balancing the budget without a tax increase. You can just watch the first 5 minutes of this clip for the gist of it. "Whether we tax one group of people or the whole state, it's debt we cannot afford". But Dem Governor Dayton wants to play the class warfare card, so he shut down the state government. [what stays open, what closes] A millionaire himself, his initial shutdown plan--clearly a priority over budget negotiations--kept his chef and gardener at the governor's mansion, classifying them as essential services. And when the governor, prior to the election, in October of last year, was asked if he would shut down the government to achieve his tax increase, he said no. Yet here we are.
Back in DC, Treasury Sec. Tim Turbotax Geithner is the last of the Obama econ advisers to abandon ship. Tax and spend seems to have sunk this country.
Will we still be the land of the free and the home of the brave when our children inherit America?
The Stamp Acts and duties on tea that the British government imposed from afar from the 1760s onward were not symptoms of a deep hatred and mistrust between the center and periphery of the English-speaking world; they were not flash points for anger swelling up from deeper causes. The taxes -- illegal in the English tradition, according to the Colonists, since they violated the rights of free Englishmen to make their own fiscal rules through representatives in Parliament -- were themselves the specific issue on which the Colonists staked their lives and their honor. They would not be browbeaten or oppressed or enslaved, they would not be taxed.
They would not be hijacked and mugged to serve ends about which they had not been consulted. And the Crown knew what they were saying; but it needed the money.Let's remember why we defied King George.
--crossposted at BackyardConservative
Friday, June 24, 2011
Dayton finally comes to the table. What's for lunch
Having found him unable to disagree agreeably over lunch on a social occasion back when he was completing his term as state auditor, I know he can be wild in a small group setting.
Tuesday, June 21, 2011
Minnesota Polls Red on Blue Governor
Perhaps they read about his spending priorities, keeping the chef and gardener--let me eat cake--while letting the rest of the state go hang.
The liberal Minneapolis Star Tribune thinks the newly-elected Republican legislature should split the difference--gee, let's just go in the red a little less bloody with borrowed money (tax the rich!), but the new GOP Senate majority leader--she's hanging tough:)
(Wisconsin's not doing too badly these days either.)
I watched this play out in the city at the #ro11 conference this weekend. Illinois could learn a thing or two.
Powerline with more.
--crossposted at BackyardConservative
Tuesday, June 7, 2011
“Fargo...It’s a way to offshore without necessarily going as far as India or China.”
Approaching a century ago, can we learn from Calvin Coolidge to help us now? Chicago Boyz. Capitalism and freedom, and some really ugly current charts.
Over in Kansas City: U.S. economy is being suffocated by uncertainty. Crushing regulations and credit squeeze.
From savvy Mary in Illinois:
Watch some of the French Open this weekend. Miss Li, freed from the government run sports program, is now the first from her nation to win a grand slam event. In addition, she will only pay 12% of her $1.7 million check for winning the French Open to the Chinese government instead of the 67% the government demands of the players under its control. Less regulation. Lower taxes. Improved results. If China can figure out that control coupled with low rewards don't produce the desired results, why can't Washington?Why indeed. China sounds like Illinois. America is heading there, though we have at least one other bright spot.
Meanwhile, Obama's campaign guru thinks it's WWII:
With their hopes dashed of substantial improvement in unemployment anytime soon, aides indicated that the theme was likely to be less “morning in America” and more “don’t change horses in midstream.”
Mr. Axelrod said: “We’re not going to be putting up a ‘Mission Accomplished’ sign. Part of the message is going to be we have to see these things through.”
In an interview at his Chicago consulting offices, Mr. Axelrod repeatedly said “stability” for the middle class would be central.Oh, wow, locked into stagnation, or worse. It's a war all right "Obama's troops...already on the ground", but we're the enemy. As Peggy Noonan notes, this president is really, really cold to those who disagree with him--which is a lot of the country these days.
Not all Americans can or will vote with their feet, but if we want America to still be America, we've got to vote this guy out.
More. Via RCP: Chinese entrepreneurs leaving China. Gordon Chang, Forbes:
Beijing, since 2008, has been targeting private entrepreneurs and abusing them even more than usual, so it is natural they are now trying to protect themselves from a rapacious state.Escaping crony commies. Some are coming here, some to Canada. Entrepreneurs unite! Lose the chains.
David Skeel: The Real Cost of the Auto Bailouts
...Latest wrong track poll, The Hill, voters looking ahead to where they'll be in Nov. 2012. HT Memeorandum. Will you better off? Just 25% think so. Not an Obama winning the future outlook these days.
--crossposted at BackyardConservative
Saturday, June 4, 2011
Wednesday, June 1, 2011
Anemic Job Growth, More Layoffs. The Obama Economy
Chicago gas prices highest in country again.
More housing hell.
Obama on the spot today as that crack on the job Joe the Biden is overseas.
Meanwhile it's Day 760 and counting on the Dems' lack of a budget. Remarkably cynical. Yes we can.
More. We need jobs, and growth comes from small business. The GOP alternative.
"Who’s anti-intellectual, the party that designs a creative and daring plan to save entitlements while balancing the budget, or the party that responds to that idea by filming a video of a man throwing grandma off a cliff?" - RedState
--crossposted at BackyardConservative
Tuesday, May 24, 2011
Pawlenty Braves Iowa on Ethanol
"The truth about federal energy subsidies, including federal subsidies for ethanol, is that they have to be phased out," Mr. Pawlenty told a crowd in Des Moines. "We simply can't afford them anymore."His ad was a winner and he's building on that.
He's certainly right about that, though that hasn't stopped nearly every other candidate from deploring the federal deficit while supporting the most egregious of corporate welfare subsidies. This marks a change for Mr. Pawlenty, who over two terms leading Iowa's northern neighbor first fought farmers on subsidies but later supported their push for a 20% ethanol mandate for gasoline. But in refusing to stick to the script for candidates looking to harvest votes in February's Iowa caucuses, Mr. Pawlenty has passed an early test of fortitude. By opposing ethanol despite the political risks, Mr. Pawlenty will also gain credibility to tackle other energy subsidies that drain the federal fisc to little good effect.
More. Examiner pro and con here.
Sunday, May 22, 2011
Monday, May 16, 2011
But will anyone actually vote for the guy in the primaries?
Thursday, May 12, 2011
Obama's Running Mate, Mitt. Mr. Fix-It Stuffs Up Beyond Repair on RomneyCare
The safety-net fund that was supposed to be unwound, well, wasn't. Uncompensated hospital care rose 5% from 2008 to 2009, and 15% from 2009 to 2010, hitting $475 million (though the state only paid out $405 million). "Avoidable" use of emergency rooms—that is, for routine care like a sore throat—increased 9% between 2004 and 2008. Meanwhile, unsubsidized insurance premiums for individuals and small businesses have climbed to among the highest in the nation.
Like Mr. Obama's reform, RomneyCare was predicated on the illusion that insurance would be less expensive if everyone were covered. Even if this theory were plausible, it is not true in Massachusetts today. So as costs continue to climb, Mr. Romney's Democratic successor now wants to create a central board of political appointees to decide how much doctors and hospitals should be paid for thousands of services.
The Romney camp blames all this on a failure of execution, not of design. But by this cause-and-effect standard, Mr. Romney could push someone out of an airplane and blame the ground for killing him.
Monday, May 9, 2011
Washington’s arrogance has triggered a political rebellion in our country
Republican Speaker of the House John Boehner of Ohio, in a speech to the Economic Club of New York.
Tuesday, May 3, 2011
The 9/11 Generation Does Us Proud
Those who came of age in an America wounded by bin Laden's Al Qaeda, who stepped up to serve their country, bring down the terrorist mass murderer.
Tuesday, April 26, 2011
Sharpton: The Race Card is Not the Way to Run for President
Monday, April 25, 2011
Saturday, April 16, 2011
What you're seeing on the periphery is the death of community organizing#WI
Monday, April 11, 2011
Bachmann's Profile Rising
Even so, an interesting addition to her background in this Trib/LA Times story:
A tax lawyer who ousted a more moderate Republican to win election to the Minnesota Senate in 2000, she attributes her combative spirit to growing up as the only girl in a family of boys. One brother became a popular TV weatherman in Des Moines; another is on the Yale School of Medicine faculty.Yes, Michele Bachmann is a viable candidate.
Tuesday, April 5, 2011
Yes, Michele Bachmann is a viable candidate
Even the left-leaning New Republic can see that. (Nice try making her look crazed with the photo, but she's Minnesota Nice:), not to mention a savvy former tax attorney) Unlike some TEA party darlings she's had to fight to win her congressional seat, and in Minnesota, a state which mostly goes blue nationally.
Monday, April 4, 2011
Texas, the Model
Friday, April 1, 2011
Thursday, March 17, 2011
Walker Calls Out The One in the WaPo
Doesn’t this hugely amuse you too?
Our reform plan calls for a 5.8 percent pension contribution from government workers, including myself, and a 12.6 percent health insurance premium payment. Both are well below what middle-class, private-sector workers pay. Federal workers, however, pay an average of 28 percent of health insurance costs.
It’s enough to make you wonder why there are no protesters circling the White House.
Meanwhile, back in Obama’s home stomping grounds of Cook County, IL, there are actual calls for the public unions to back off.
Other states are exercising long latent citizen muscle to confront the public union excess driving us to the poorhouse.
Come on America, let’s move! Our way:)
Saturday, February 19, 2011
Thank You Rick Santelli. Madison a Fitting TEA Party Tribute
Despotism can only exist in darkness, and there are too many lights now in the political firmament to permit it to remain anywhere, as it has heretofore done, almost everywhere
--crossposted at BackyardConservative
Tuesday, February 15, 2011
Palin Wins NRO Straw Poll
Monday, February 7, 2011
Blue Dogs Turn Red
The midterms were no fluke. Meet Ashley Bell.
Rep. Heath Shuler also said the centrists have more in common ideologically with former President Ronald Reagan than Nancy Pelosi.…We the people are the ones we've been waiting for:)
P.P.S.
mikememoli Mike MemoliPalin on FBN tonight: "It’s not good ... to hear our President obstinately denying the need to move to the center."
Thursday, January 27, 2011
Does Obama push your button? WTF
The Pew survey of 2,257 adults also found that people using social media for political purposes were slightly more likely to have voted for a Republican in the 2010 midterm elections.
--crossposted at BackyardConservative
Thursday, January 20, 2011
100 Programs the RSC Wants to Abolish or Cut
Democrats are deriding last night's House vote to repeal ObamaCare as "symbolic," and it was, but that is not the same as meaningless. The stunning political reality is that a new entitlement that was supposed to be a landmark of liberal governance has been repudiated by a majority of one chamber of Congress only 10 months after it passed. This sort of thing never happens.Today, the Republican Study Committee lays down a marker, with a bid to cut $2.5 trillion over 10 years:
If year to year spending is not restrained and no plan to solve the problem with long term unfunded obligations is laid out and implemented, interest on the debt will begin to swallow up much of the annual federal budget. The nation’s ability to finance defense would be constrained to the point of rendering it a second tier world power, or worse, and domestic spending would be so squeezed that the negative consequences are hard to foresee.Program after program is on the chopping block--we can't keep these going in good conscience. We can't saddle our children and theirs with a bleak and worse future than we were bequeathed ourselves by our parents, the greatest generation.
This is the mission of the TEA party--to get America back on a path to growth and leave a legacy of freedom to live the American Dream anew.
More. NRO. Meaningful Cuts
It’s a TARP! Geithner Won’t Show for First Issa Hearing
And George Will: The vicious cycle of government that should worry Democrats.
More. Repeal, Replace, Defund ObamaCare:
The House passed the ObamaCare replacement bill on Thursday by a vote of 253-175, with 14 Democrats voting with all of the Republicans. The resolution directs four House committees to immediately begin drafting solutions to replace the existing job-killing healthcare law.... A Principled Fight for Our Prosperity, and Posterity:)
While the GOP House passed the repeal of ObamaCare on Wednesday, the Democratic Senate is blocking a vote on it. So while the repeal is on hold, the House will begin the the process to defund and replace ObamaCare. [snip]
Upton said that he expects bipartisan support for several of the replacement provisions. “There are a number of areas where I think there is common ground. Pre-existing conditions, shopping across state lines, tort reform -- even the President supported tort reform,” he said. .
--crossposted at BackyardConservative
Wednesday, January 19, 2011
Will the League of Women Voters come out of the political closet?
Who buys your lies any more.
The last time I had a run-in with them was at a public debate, in a public setting. I was distributing flyers--and they had a problem with that. They thought since they were sponsors, apparently, they had veto-power over information distributed to the public.
We saw the last election their objections to the Pledge of Allegiance.
Well, we know their allegiance is not to non-partisanship but to the leftist line.
...And the last lecture of theirs I attended, my table mates defended President Clinton's reception of the general who ordered the massacre at Tiananmen Square. Perhaps they were just uninformed. That would not be a surprise either.
Tuesday, January 18, 2011
Dem Senator Conrad Throws in the Towel
Can we sweep out The ONE? (Is Gov. Pat Quinn of Illinois running for president on the Dem paradise of Illinois model?)
P.S. Can we quote Teddy now, on deregulating health care? (not just JFK on supply side econ)
Beginning in 1975, Kennedy held U.S. Senate hearings that showcased the fact that the cost per mile for an inter-state air ticket from -- say -- New York to Washington, D.C. was several times higher than it was for trips of comparable distance inside Texas. Roused by this evidence, Kennedy thundered on the Senate floor: "Regulators all too often encourage or approve unreasonably high prices, inadequate service, and anti-competitive behavior. The cost of this regulation is always passed on to the consumer. And that cost is astronomical.
RIP Teddy. Your legacy lives on. From sea to shining sea.
Kent Conrad. To the left of Teddy. Blue Dog Dems on the run with their tails between their legs.
...And here's the ticking time bomb on the economy:
In addition to the two recessions since 2001, and in addition to increased security costs, by far the biggest problem that the industry has faced over the past decade has been increased fuel prices. Since 2002, the cost of labor, measured in cents per available seat, has been reduced by more than 25 percent -- going from a little more than four cents per mile to under three cents. Unfortunately, over the same time, the cost of fuel has shot up from a little more than one cent per mile to more than three cents per mile. For the first time, the cost of fuel equals or exceeds the cost of labor.Well, we don't have an energy policy, do we. We have a ride your bike to work and pay through the nose for the privilege approach. (A really big hit outside Dem urban enclaves, you betcha.) Couple that with a possible rise in food prices here along with continued joblessness and you've got the makings of an economy stupid election.
--crossposted at BackyardConservative
Monday, January 17, 2011
A New Crop
New York Russians Are Creeped Out By Democrats Chicks on the Right
Hollywood's Aaron Sorkin: "elite is not a bad word, it’s an aspirational one" Critical Narrative
A new day:)
And this, which we've all been waiting for: GOP to Start on Spending-Cuts Measure Wednesday
Sunday, January 16, 2011
NY Times Nuance Misses Chicago
Minnesota may high taxes but they also have a high level of services, delivered A-rated living within their means.
Indiana has among the lowest tax burdens in the country.
And Wisconsin's new Republican governor, the former reformer of Milwaukee County, is taking a look at privatizing as much government as he can, and boosting economic development.
Chicago's Cook County and (on the watch list, Madison, St. Clair and McClean county) Illinois have the dubious honor of ranking high as judicial hellholes.
And while other big Blue states like New York and California are actually making spending cuts, Illinois continues to ramp up spending--even as our retire in your 50's public employee pension burden is the most underfunded--and probably the most undeserving--in the country.
People and jobs have been leaving Illinois for years. Voting with their feet. As plain as the nose on your face. If you're honest.
P.S.
Illinois Republican Party Chairman Pat Brady said in a statement that he’s not buying Quinn’s claim that Gordon’s appointment came after the vote. “That’s like saying it was simply a coincidence that the governor vetoed McCormick Place reforms last year after getting a $75,000 donation from the Teamsters Union,” Brady said in the statement.--cartoon by Scott Stantis, Chicago Tribune
Related posts: Murder Mac and Cheese. Your Neighbor is Suspect, NJ Bond Flops, Crunch Time for Dissolute States, Illinois Signs Its Death Warrant
--crossposted at BackyardConservative
Thursday, January 13, 2011
Half the states now suing the federal government over Obamacare
Even Down East in Maine.While Obamacare will pay for all of the benefit expansion for the first three years of the law, and 90% of it after that, Obamacare never pays for any of the state administrative costs for adding those 18 million Americans to their welfare rolls. That amounts to billions in unfunded federal mandates for states to absorb. That is why 33 Republican governors signed a letter to the White House and Congress making an emphatic appeal that Obamacare’s Medicaid provisions be repealed.
Alan Dershowitz defends Palin, while GOP establishment doesn't
Gee, what a surprise.
You want to throw in with Krugman by your silence or faint words we'll throw you out at the ballot box.
Monday, January 10, 2011
Where is the decency in that?
“So as the usual talking heads begin their ‘have you no decency?’ routine aimed at talk radio and Republican politicians, perhaps we should turn the question around. Where is the decency in blood libel?…
Via HotAir.“To be clear, if you’re using this event to criticize the ‘rhetoric’ of Mrs. Palin or others with whom you disagree, then you’re either: (a) asserting a connection between the ‘rhetoric’ and the shooting, which based on evidence to date would be what we call a vicious lie; or (b) you’re not, in which case you’re just seizing on a tragedy to try to score unrelated political points, which is contemptible. Which is it?
“I understand the desperation that Democrats must feel after taking a historic beating in the midterm elections and seeing the popularity of ObamaCare plummet while voters flee the party in droves. But those who purport to care about the health of our political community demonstrate precious little actual concern for America’s political well-being when they seize on any pretext, however flimsy, to call their political opponents accomplices to murder.
Update. I repeat. A sanctimonious Sen. Dick Durbin. A sanctimonious Chicago Tribune.
U.S. Sen. Dick Durbin, D-Ill., was right Sunday in saying on CNN that, during the fall campaigns, a much-circulated conservative appeal, with cross hairs on congressional districts, crossed a line.Oh really.
A monstrous lie. And now we see this guy had been planning this since 2007. And this: Have you no shame.
--crossposted at BackyardConservative
Thursday, January 6, 2011
Monday, January 3, 2011
Enter the States. Stage RIGHT
Walker OKs Wisconsin joining health care lawsuit Plus a look at (outgoing Gov. and presidential candidate) Minnesota's PawlentyCare:
Suppose we had a system whereby the government gave our employers control of our housing. That is, instead of a mortgage-interest tax deduction, the home you occupy would be a non-taxable benefit. You would live in it for as long as your employers’ HR manager decided, and would have to move whenever she decided to change benefits. Furthermore, when you needed a new refrigerator, for example, you wouldn’t go out and buy a new one, but go to an in-network kitchen-appliance dispensary where you’d pay a $20 co-pay to pick up the fridge that was on the list of kitchen appliances available to employees of your firm.Let the play begin.
I continue to hedge my criticism by noting that Pawlenty has unambiguously championed reforming the federal tax code to allow individuals and families to control their health dollars. Furthermore, because a state has more general powers than the federal government, it may be more appropriate for a governor to take a greater operational interest in health care than a president should.
More. In tandem with a Republican House:
Conservatives should wrap their repeal-and-replace efforts into bipartisan discussions about how to fix the budget and improve the U.S. economy through tax reform (the employer deduction should be scrapped and replaced with a tax credit) and by seriously considering the Ryan-Rivlin plan as a starting point for making Medicaid and Medicare sustainable. Both would go a long way towards improving incentives in health-care markets. And if we can do that, as Hyman points out, “most of the big problems will take care of themselves,” leaving policymakers with a “far smaller and more tractable set of problems.”ObamaCare repeal starts. Reaction from the reactionary left, and reaction to that:
But polls have found that other aspects of the bill, including the individual mandate to buy insurance, aren't popular with the public.Well, these guys have cut Medicare Advantage so don't pretend you care. As for not being a commie--talk about being damned with faint praise for yourself.
"Maybe it's not ideal — it's certainly not communism," Sen. Sherrod Brown (D-Ohio) said of the individual mandate, according to the Toledo Blade.
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- Does Obama push your button? WTF
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- A New Crop
- NY Times Nuance Misses Chicago
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- Where is the decency in that?
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