Saturday, December 29, 2012
Only academics could buy that manure -- that the way to fight the effects of massive, long term overspending, much of it via borrowed money, is to borrow much more to spend more. They argue that less federal spending will cause people to worry about the economy and, with less money in their pockets via higher taxes, they will spend less and therefore "hurt" the economy.
The US is functionally bankrupt and must cease going into deeper debt to spend on ourselves now. Plain and simple. And one reason the bad economy didn't hurt Obama as much as Republicans hoped for is that a huge proportion of the electorate has been shielded from the Obama spending binge because Republicans, those of the Stupid Party, pressured, or were duped into pressuring, Obama to go along with extending the Bush cuts a few years ago. So taxes stayed lower while spending skyrocketed.
Enough. Enough. Although I don't want to pay higher taxes, especially to fund a Democratic party spending binge that primarily serves to increase dependency on big government (the prime Democrat strategy), people have voted for big government and now everyone must pay up. When voters are fully paying for bigger government maybe then more voters will think twice about voting for it.
Avik Roy and Marc Thiessen agree (link).
John M Greco
Tuesday, December 18, 2012
|The University of Chicago's "C" Logo|
Yes, the first NFL post-season game was played indoors (link), on a field only 80 yards long. The local team prevailed, as the Chicago Bears, the second oldest NFL franchise and the long-term, ahem, borrowers of the University of Chicago nickname Monsters of the Midway and football-shaped “C” logo (pictured; link), defeated the Portsmouth Spartans (now the Detroit Lions) 9-0 – 80 years ago today.
No doubt sensing a good thing when it saw it, the NFL honchos instituted an official post-season Championship Game thereafter. The following year the first official one was played, once again in Chicago, and this time at Wrigley Field. And once again the Bears prevailed, with a game-ending designed trick play (link), this time over the New York Giants.
Want More Federal Tax Revenue -- Eliminate Deductibility for State & Local Taxes and Stop Subsidy of High Tax Democrat States
But this will never happen because this "fiscal cliff" kabuki theater is not about tax fairness -- if it was the deduction would already be gone. For Obama, it's about protecting Democrats by preserving an incredibly unfair aspect of the tax code. Allowing taxpayers to deduct their state and local taxes from their federal income tax means they pay a lot less, for a given level of income, than taxpayers in states with low state and local taxes. Deductibility results in a subsidy from low tax states (read -- Republican controlled) to high tax states (read -- Democrat controlled).
From the Wall Street Journal editorial of 12/17/2012 (link):
I would add to the last clip from the WSJ: “Mr. Obama wants to raise tax rates, rather than eliminate deductions, so his fellow Democrats can keep raising state and local taxes without bearing the full economic and political cost....” and thus continue to play the taxpayers of Republican-dominated low tax states for suckers.
John M Greco
Friday, December 14, 2012
The incomparable Michael Walsh sums up the current state of the Republican party today at National Review Online (link), essentially arguing, as he has for some time, that in general Republican Party leaders still have not recognized what they're up against, what the modern Democrat Party has become:
Fortune favors the bold, as the saying goes. The Romney fiasco should be the death knell of the Washington Generals approach to competing against the Democrats, and the whole lot of the Old Guard — starting with weepy John Boehner — should be tossed out and replaced with those who can distinguish between strategy and tactics and who understand that the only acceptable strategic outcome should be total victory over the modern Left and its alien, imported ideology. After all — that’s certainly the other side’s goal.
Of course, that depends on whether you see the current conflict as simply politics-as-usual, in which both sides share the same basic values and aspirations, and differ only in methods (the Boehner approach); or as a struggle between individualism and collectivism, which has been going on in Europe since Rousseau and his evil love child, Karl Marx, but is still relatively new to these shores. But extending the olive branch toward an opponent who’s not prepared to extend to you the slightest shred of moral or political legitimacy is suicidal. Unless, of course, you think it’s all a big game, a racket in which both sides have pretended to fight in order to divvy up the near-boundless swag of the federal treasury and keep the suckers back home happy come election time with a little kabuki and pantomime.
Accordingly, over the past two decades, the establishment Republicans — who knew the Rockefeller wing had such tenacity? — have nominated a string of reach-across-the-aisle types, and where has that gotten them? In the aftermath of 9/11, the author of the No Child Left Behind act was pilloried as a warmongering beast, McCain was savaged by his former “buddies” in the media as the walking dead, and Romney stood by mildly as he was accused by the Democrats of murder and Obama cried for revenge.
You can’t win a fight unless you’re prepared to credit your enemy with the will and the capacity to achieve his stated objectives, and as long as the Republicans continue to treat the Democrats as just a slightly more extreme version of themselves, they’ll continue to lose. On November 6, conservatives received a valuable object lesson in living inside their own bubble, slurping up what Fox News told them and believing that the ghost of Ronald Reagan’s 1980 electorate would once again show up at the polls, like the phantom army in Tolkein’s Lord of the Rings. Meanwhile, in the 40 years since they seized control of the Democratic party, leftist radicals have honed their divisive message and perfected their blunt-force tactics — all in the service of a strategy, as the actions of President Obama make abundantly clear.Yes, there are 30 Republican governors and the Party hasn't been stronger at the state level for generations, and there are reasons for that strength that should be translatable to the national scene. But it still is hard not to despair for a culture and politic predicated on promoting and protecting individual liberty, self-reliance, free-enterprise, and the rule of law.
John M Greco