Posts under the Taxes & Economy Category

Deficit Spending Visualized as a Road Trip

Thursday, February 25th, 2010 under Domestic, Taxes & Economy

This is a very cool video. You should watch. It’s only a couple of minutes.

In it deficit spending is expressed visually using the metaphor of a road trip across America. As a President and Congress spend more money they don’t have, the speed of the trip increases. As they spend less, it slows. When they pay-down Debt, the car reverses.

It’s very clever, very good in getting the message across. And excellent at showing those complaining that “Bush did it!” how much farther and faster The Messiah has spent borrowed money than anyone in history.

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Zowie - Depression 2.0

Wednesday, February 24th, 2010 under Domestic, Politics, Taxes & Economy

Some numbers published here:

Government needs funding this year of $2.0 trillion (that includes the federal budget deficit, off-budget spending, and state and local needs). Private industry needs about $0.5 trillion. Part of the funding will come from the country’s savings. Total gross savings (new savings) is estimated to be $1.5 trillion. Assuming all savings is available, a shortfall of $1.0 trillion exists.

This money can come from foreign lending or inflation. But…China, Japan and everyone else are saying, “No, thanks.”

The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of[…]

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Executive Pay and Conservative Principles

Friday, February 19th, 2010 under Domestic, Politics, Taxes & Economy

Executive pay has become a hot button in the culture wars. The GOP needs to ensure its reaction to the Democrat proposals for the government to cap executive pay is not just a knee-jerk rejection, but is based on ideas other than the status-quo and increasing an unprecedented American divide between the haves and have-less, something that is not good for the body politic.

Bonuses or salaries of tens or hundreds of millions of dollars for bankrupting one’s company or quitting and parachuting out of your contract - or even just doing a good job - are not Conservative ideals. No[…]

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Is Harry Reid the Dumbest Man in America?

Monday, February 15th, 2010 under Domestic, Politics, Taxes & Economy

You decide.

Why do NV voters insist on sending this idiot to DC? Why does the Senate make him Majority Leader?

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Getting to a socialist USA is easier than you think…

Tuesday, February 2nd, 2010 under Domestic, Politics, Taxes & Economy

Since about 20 JAN 2009, and increasingly so since the introduction of any of the various “healthcare” plans by Congress, chatter has increased on the Right about turning America socialist. The general argument seems based on the idea that turning America into a socialist state requires some massive legislation about which we the people may complain, and which may or may not be passed, but which Tea Partiers and/or Sen. Brown may be in a position to stop.

It isn’t that hard, and people are deluding themselves when they think so.

All Obama and the Democrats need to do to force the[…]

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America, China and the US Debt

Tuesday, February 2nd, 2010 under Domestic, Foreign Policy and International, Politics, Taxes & Economy, The Rest of the World

So …. China has a few trillion of our debt. It’s becoming (has become?) a national security problem.

Deadbeats in the US are voting en-mass for Democrats, who now pass social welfare and tax & spend policies that ensure a permanent underclass hold on our national government.

National Democrats want to remake the nation in the image of California - utterly bankrupt and failed due to decades of Demo misrule. Just like the national future is looking darker the longer Obama, Reid, Pelosi, Frank, Schumer, Rangel…. stay in power…

Here’s a thought: Recover that $2T in debt China owns by…. selling California to[…]

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Interactive Recession Map - and How Congress Will Make it Worse

Tuesday, February 2nd, 2010 under Domestic, Politics, Taxes & Economy

Here is a startling interactive map, by county, of unemployment in the US as it entered the current recession. It’s based on Dept of Labor figures, starting in Jan 2007 and going through November 2009. It takes only a few seconds to watch.

“Sobering” doesn’t quite get the feeling across after watching it.

The only responses I can think of fall along the lines of OMG, Atlas Shrugged, and the lights are going out.

Once you have viewed this, go read this Reuters story (Reuters’ pulled it down after Obama whined to them, but it’s still up in several places on the web; this link[…]

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Economic Idea and Suggestion

Friday, January 22nd, 2010 under Domestic, Politics, Taxes & Economy

We have a problem in earnings disparity that, it seems, the market is not able to resolve on its own, but that nonetheless is bad for the country.

I believe strongly in the private sector, but just as regulation would have prevented the current financial meltdown, this kind of regulation - which is not capping pay, just forcing the private sector to be reasonable when we ALL know it’s gone ‘way past reasonable in the past few decades ($500,000,000 to Michael Milliken for ONE year?) - would help to ameliorate seriously ridiculous earnings disparity. This would be good for our Republic.

This[…]

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The Scariest Thing I have Read

Friday, December 18th, 2009 under Domestic, Politics, Taxes & Economy

No, not hyperbole.

If you are under about the age of 70, or if you have children, this is a must-read.

The column is by David Broder from the Washington Post. He’s a liberal. The WaPo is a liberal paper. The column is not liberal - but it’s by the foremost opinionator of the foremost liberal paper in the nation.

In the column, Broder references a “stark warning to the president and Congress and a plea for to action on behalf of the next generation.”

Who makes the warning?

The 34 names are familiar to anyone who has followed economic policy in Washington for the past[…]

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Hilary Gives Chinese Dollars to Africa

Thursday, December 17th, 2009 under Climate, Domestic, Politics, Taxes & Economy

So Hilary has promised that America will participate in paying into a $100B global fund to help underdeveloped nations deal with the mythology of climate change caused by man.

If I’ve got this right, then, here’s what Hilary did:

Promise that American taxpayers will pay interest to China if China promises to transfer billions of Chinese dollars to Africa so that it can look to Africans as though America, after following Democrat policies off the financial cliff, remains wealthy enough on our own to give money to African countries.

Hilary, I guess, thinks that citizens of African countries can’t understand that America is[…]

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