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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

READING ASSIGNMENTS

By
Neal Boortz
@ June 3, 2009 8:36 AM
Permalink | Comments (22) | TrackBacks (0)

This is a great article from the Financial Times explaining how Washington blew the bankruptcy of GM all because it wanted to save the unions. What did I tell you?

Here's an intelligent article from Forbes Magazine about how to approach the Sotomayor nomination from a conservative versus a libertarian perspective.

What is Congress going to impose taxes on next? Let's try Internet sales. Well, there is something to be said for leveling the playing field here.

Phyllis Schlafly says that Barack Obama is "remaking America" into a socialist nation. I wonder what her first clue was.

Russia wants a new world currency. So does China. How many Americans can even put one minute's worth of cogent thought into considering the circumstances? Maybe there will be a bit about this on Entertainment Tonight.

One of my personal favorite sayings: Somebody's got to cook the French fries. Here's your poster.

The Senate is resurrecting the cash-for-clunkers plan in order to boost car sales. How do you like the idea of your tax money being spent to buy and junk someone else's old car?

Barack Obama called Bill Clinton a "liar" and a "loose canon." Well he got that right, but do we really need to talk about Clinton's cannon any more?

A majority of Americans (54%) do not want to see the detainee prison facility at Guantanamo Bay closed.

Joe Biden admits that "some of this money is going to be wasted," in the spending of a $787 billion economic stimulus package. Don't worry ... it's just your tax dollars.

According to the World Health Organization ... the world is getting closer to a Phase 6 swine flu pandemic. Still trying to scare the pants off of us on this one, huh?

Minnesota Governor Tim Pawlenty will not seek reelection in 2010. He could probably be setting himself up to run for president in 2012.

Is Obama getting tough with Israel for the sake of apologizing to the Muslim world?

A new national poll suggests that one in five Americans have a favorable view of Muslim countries.

GM has an agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. of China.

Sadly, GM isn't the first company that has been nationalized by the federal government. Here's a look at some other examples in history.

Is China blocking people from accessing Twitter? I wouldn't doubt it.

Here's a no brainer ... fill in the blank: New Orleans is once again the nation's ______ capital. Murder? Parasite? Either would work.

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What others are saying

  • Is China blocking people from accessing Twitter?
    I'm sure the Democratic Socialist Party is taking notes for future reference...
  • reply to shuttin down
    "If Reagan came back today, right now, with a solid conservative majority at the helm, would or could things be different, or are we too far gone at this point?"

    Here’s my thought… you can put a solid conservative majority at the helm, but that majority would absolutely have to cut defense spending dramatically. We’re still at or above Cold War spending levels in defense (which Reagan partly contributed to) and this accounts for $613 Billion per year (as of FY08). Pairing this with Social Security (612 Billion) and Medicare/Medicaid (682 Billion) plus the interest on our national debt (249 Billion as of FY 2008) we’re obligated to 73% of our 3 trillion dollar budget for these four things alone.

    My suggestion, and no politician will EVER do it out of fear for their job, is:
    1. Cut defense spending in half. Yes, in half. That will free up 300 Billion dollars.
    2. Create an opt-out option for social security. Allow people to leave the program and cease to contribute to it. Allow no further participants to join (remove mandatory registration at birth policy) Fund the difference with the 300 Billion saved by slashing defense spending. This will allow Social Security to die/phase out within a generation.
    3. Repeal Bush’s expansion of the Medicare Rx drug program. Use the additional funds freed up to pay down on the national debt. Repeal it at a later date, or propose a similar ‘opt-in’ legislation where taxpayers who utilize the service pay taxes for it, and those that do not, get to opt-out, very similar to Rx drug insurance.
    4. Cut any discretionary spending possible. No statues to congresspersons, none of the no-bid contracts, no nation building

    As Social Security dies out, we can use that surplus to pay down the debt relatively quickly. In the process, every politician worth their salt will lose their job for “hating the poor” or “being weak on defense” but it is the only way I think to cease America’s whoring of herself to China and other creditors, to put it bluntly. We can’t afford to run an empire or welfare state any longer, it is bankrupting us. Since all of our politicians put their personal interest of staying in power ahead of the nation’s interest, we’ll never see this happen, and our nation will collapse under the weight of our collective greed, fear, and government dependence.
  • Chavez says Obama more to the left than him?!?
    Yep, it's true. Hugo Chavez said last night on his TV show that comrade Obama is further to the left than either himself or Fidel Castro.

    Wow, this clown of a president has done wonders for America's reputation abroad in his first 4 months.
  • Forrest, agree, mostly
    Our descendents do indeed face a taxing (fatigue-to borrow your expression) time ahead. But I really don't think it will wait that long. We will very soon start seeing an increase in every tax imaginable.

    I should have said payoff the Chinese. And weakening our dollar is not gonna cut it with them.
  • Gov't Schools & French Fries
    Yep, we turn out more french-fry cookers than any industrialized country in the world! For those interested in the calamitous state of US public education, check this McKinsey survey out...

    http://www.mckinsey.com/clientservice/socialsector/achievement_gap_report.pdf
  • to Forrest
    Your forecast(s) are the bitter truth, that the descendants of our descendants have a very bleak future (or present if you will). To have our debt nullified through collapse is like saying terminal cancer is cured by death. My being dead by the time this really goes down is not helping much. I can't believe that all we can do is sit and watch it develop. I know, I know, we had tea parties and all that, and obama knows that a couple of us are not happy with him, his policies, his administration. Yes, I'm sure our dissent has him tossing and turning at night. My question to you is, if Reagan came back today, right now, with a solid conservative majority at the helm, would or could things be different, or are we too far gone at this point? Am I off base in my theory that the MSM is enemy #1?
  • Propoganda piece ABC
    Hey Neal-

    Did you see the propoganda piece on ABC last night about "global warming"? It was such a joke that the sheep actually believe any of this.
  • Liars
    Obama calling Clinton a liar and a loose cannon? Talk about the pot calling the kettle black, as it were.
  • @ Joyce
    Pay down the deficit? We've got 11 trillion to pay down before we pay on the first dollar of the bailout. We've only paid on the deficit for one period in our history, and that was the waning years of Clinton's term when the republicans had the gonads to make a statement and work to cut spending. We repaid their good efforts by giving them a republican president, and then they couldn't help themselves to enough money... Even then, we only paid down around a half trillion. Admittedly, we'll be in deficit spending for the next 15 years with all of these entitlements, and with Social Security going down the tubes, that'll keep deficit spending around probably through at least 2050. I'll be dead by then, therefore, it isn't "my" tax dollars :-)

    I'm arguing semantics here, since all too often the 'inflationary tax' is overlooked and needs to have a spotlight put on it.

    In the mean time, the effect from inflation will take its toll on what savings I've accumulated, which is not a tax, but it is a taxing (fatigue) effect. That is how the ill effects will be realistically rendered on the citizenry currently alive and working. I don't see this being paid back through cap and trade, because that is not how we paid down our deficit in the past, and there's no plan to put that in place in the future (no spoken plan has been given at all...). A future generation will end up being taxed to pay it down (by the government either raising taxes or by cutting spending on entitlements and defense) OR the more likely outcome, America will collapse, and most if not all debt will be absolved (as was the case with Iraq). Unfortunately, I believe that the latter will ultimately be how our debt is nullified. I don't think it will happen for a very, very, long time though, seeing as a portion of our residual national debt dates back to the Revolutionary War.
  • Even better... Change we can believe in!
    http://despair.com/changewinds.html
  • Internet tax
    Does anyone notice the correlation?
    "if Congress continues to allow remote sales taxes to go uncollected and electronic commerce continues to grow as predicted"
  • cash for clunkers
    SEMA for years has been against state and federal programs like this. Makes it harder to find parts to fix or repair antique cars, or start a new restoration project. It also hurts low income drivers who cant afford a new car even with the taxpayer cash and have to just keep their old car running.
  • better than french fries...
    http://despair.com/propaganda.html
  • Potential Poster
    I think this poster is also insightful.

    http://despair.com/government.html
  • Forrest
    initially yes, but at some point we will have to start paying off this deficit and there will be cap and trade which will raise taxes for all levels and the costs of companies doing business will increase which again, will filter down to those who THINK they don't pay but will through higher costs.....
  • New Orleans Murder capital
    Neal I live here and this is not a problem for White people because it is mostly a drug turf war and it is mostly real young black kids that are killing each other. And it is they parents fault letting them listeing to rap and playing video games this is why if we the people don't stop supporting them they will never change and it will spill out to white kids. If they knew how stuiped they look with there low riders and cap turn on there head I tell then all the time you can run from the white fokes with your paints down around your ankels.

    P.S. this security code thing SUCKS you have to do it more than once
  • "its just your tax dollars" - correction
    Neal,
    To be more accurate, it isn't our tax dollars they're wasting, because we were not taxed to create that pool of money. That is deficit spending, which means that it was money which was manufactured out of thin air. To be more accurate as to who it will impact financially - it will impact those who have money in savings, 401k's or other retirement plans in that it will devalue the dollar, thereby devaluing our savings. We weren't taxed, we were made to suffer through the effects of inflation. *note* this does not impact those persons who do not have any substantial hoard of cash; otherwise known as "the poor"
  • Internet tax
    A tax is being paid on internet sales already. It under the name "shipping".

    Especially the USPS! The only time I ever even consider using them is on an Internet sale. At least then I don't have to deal personally with some bureaucratic bungler with a bad attitude. I have been using bank-by-mail for years now. Can't even remember the last time I wrote a paper check!
  • NOLA
    "New Orleans once again Nations Murder Capitol"


    Must be all that Chocolate eh?
  • Joe Biden admits that
    "some of the money will be wasted". Whaddaya mean "some"? He really means MOST if not ALL......
  • Somebody's got to cook the French fries
    This poster has been hanging in my "government school" classroom for 3 years now.
  • Internet sales
    A tax is being paid on internet sales already. It under the name "shipping". If using USPS its a form of tax. If using FedEx or UPS, well.. its taxed as income for them. Leave internet sales alone or you'll see income reductions in both USPS and other carriers.
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