Peter Schiff hands out an ass whoopin to David Epstein

Posted by Jason | Posted in Economics, Government, Video | Posted on 12-12-2009

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I can’t remember how I found this video, but if you have the time, it’s a much watch. You want to know why we are heading for disaster? It’s because the government is filled with David Epsteins, when we need more Peter Schiffs. Hopefully, Schiff will defeat Dodd next year, and we’ll at least have one. Add Rand Paul into the equation, and we are heading into the right direction.

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There is hope: Lt. Col. Allen West Runs For Congress

Posted by Jason | Posted in Video | Posted on 10-12-2009

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Thanks to the Daily Paul

If this guy stays like this and doesn’t turn into the typical politician, he’d be pretty good. Let’s hope we have a ground swell of guys like this before 2010 and 2012.

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Health Care Reform – Democrats Have An Agreement With No Republican Input

Posted by Jason | Posted in Health Care | Posted on 09-12-2009

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According to the Wall Street Journal, 10 Senate Democrats have decided the fate for all of us as far as far as health care insurance goes. You will buy what you are told, because after all you live in a democracy (once a republic).

WASHINGTON — Senior Senate Democrats reached tentative agreement Tuesday night to abandon the government-run insurance plan in their health-overhaul bill and to expand Medicare coverage to some people ages 55 to 64, clearing the most significant hurdle so far in getting a bill that can pass Congress.

So Democrats dropped the government-run insurance plan, but expanding a government run insurance plan? Considering our aging population and people living longer (for now anyways), it’s not hard to see that a majority of our country eventually falling under a government plan. Do you think they aren’t going to try to expand this further?

The agreement capped several days of high-stakes negotiations by a group of 10 Democratic senators — five moderates and five liberals. Senate Majority Leader Harry Reid (D., Nev.) had advanced a bill that would have had the government directly operate a health-insurance plan, while giving states the right to opt out.

I love this. In our supposed Republic, we are forcing 1/6th of our economy under government control because of  5 liberals and 5 moderates. Who’s to say they are moderate? I guess they are moderate socialists. Wow, that makes me feel better. Moderate socialists are the ones protecting our liberty, so you can sleep well tonight.

In place of that, the senators embraced a more limited proposal that would empower the government’s Office of Personnel Management to put in place a new low-cost national health plan, congressional aides said. The office already administers plans offered to federal employees and members of Congress. The new national plan would be run by nonprofit entities set up by the private sector, and would be available to the public on the new insurance exchanges that would be created under the bill

If no private insurers sign up with the Office of Personnel Management to offer a national plan, the office would be authorized to implement a direct government-run plan, an unlikely prospect, aides said.

Didn’t they say they got rid of the government option? Instead they are going to have the government setup national plans and have them ran by non-profits? Sure sounds the same to me, except more corruption. Who’s going to pick the non-profits? Hey, isn’t ACORN a non-profit?

So here is where the government run plan comes in. If no private insurers sign up for the government designed national plan, then the government will create the plan itself. Despite what “aides” say, I would say it’s likely that no private insurers will sign up. Look at what working with the government has done with the banks. You sign up with them, you are going to do what you arer told, and what you are told changes at their discretion. How can a private insurance company plan for the future under conditiosn like that? Even if private insurers do sign up, it is no different than other quasi-government institutions like Fannie Mae, Amtrack or the Post Office. They will be ran into the ground, and we’ll be paying for them anyways. The politicians will setup the rules, so they will not be ran as a private institution.

The arrangement is attractive to Democratic centrists who worry about the government’s growing footprint in the private market.

Can this sentence be any more disengenous? So called centrist are worried about the growing government footprint in the private market? They sure have a funny way of showing it. Let’s see, TARP, Government Motors, bailouts, stimulus bills, newspaper bailouts, and oh this massive ass health care takeover.

In a nod to Democratic liberals still intent on expanding coverage, the group agreed to a proposal that would open Medicare, the health-insurance program for the elderly, to Americans ages 55 to 64. The proposal would benefit an estimated two million to three million Americans who have difficulty obtaining coverage elsewhere, including those who have lost their jobs. People in the 55-to-64 group who already get health insurance through their employers would continue to do so under the proposal.

Republicans criticized the Democratic negotiations. “What’s becoming abundantly clear is that the majority will make any deal, agree to any terms, sign any dotted line that brings them closer to final passage of this terrible bill,” said Senate Minority Leader Mitch McConnell (R., Ky.).

Sen. John Barrasso (R., Wyo.) said expanding Medicare “is putting more people in a boat that’s already sinking.”

The American Medical Association said it opposes expanding Medicare because doctors face steep pay cuts under the program and many Medicare patients are struggling to find a doctor. Hospitals also said expanding Medicare and Medicaid is a bad idea.

“We want coverage — in the worst way — expanded, but both of these means are problematic for hospitals and physicians,” said Chip Kahn, president of the Federation of American Hospitals, which lobbies on behalf of for-profit hospitals. “It’s going to make it difficult to make it work.”

Well, I guess the AMA can go screw themselves now. They had to back the Democrats health care bill before, and what do you know, it’s come back to bite them in the ass. Should have heeded my warning about making a deal with the devil.

The legislation is designed to extend insurance coverage to tens of millions of Americans. It would create new tax subsidies to help low- and middle-income people comply with a mandate to purchase coverage.

It would also bar insurers from engaging in a range of practices, such as denying coverage because of pre-existing conditions, and Senate Democrats were considering adding to those restrictions.

Under discussion among Senate Democrats was a proposal that would require insurance companies to spend no less than 90% of the insurance premiums they take in on health services, effectively limiting how much they can reap in profit. The health bill the House passed last month contains a similar provision, though it sets the minimum at 85%.

Aides cautioned that the accord reached Tuesday could be reopened if the CBO identifies major problems. Moreover, other issues, such as proposals to control the rapid growth of health costs, may still need to be negotiated over the next few days.

But if Mr. Reid has his way, he could begin the process of shutting off debate late this week. That would set the stage for another test on the Senate floor early next week that will demonstrate whether he has 60 votes for the bill. Final passage could come late next week.

via Senators Strike Health Deal – WSJ.com.

The government take over plan is so obvious. Expand, expand and expand the government programs in place. Then restrict, regulate and starve private insurance out of existence. The so called moderates like Joe Lieberman know better. They are just trying to save face when they hand over our liberty.

This bill is going to pass, so I hope we are all ready for it. We can only hold out hope now for public outrage next year to the extent that we elect enough new congress people that will then overturn all these government takeovers. They will need a veto proof majority, which is not going to be easy. Hopefully, insurance premiums adjust quickly and people feel it in their pocketbooks. If insurance premiums reflect the new costs imposed, people will notice it. They will be pissed off, and they will not have the government options until 2013. Hopefully, that will drive enough people to the polls to elect some real politicians who believe in freedom.


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The dependent class by Glen Meakem

Posted by Jason | Posted in Government | Posted on 07-12-2009

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Local legend, Glen Meakem,  writes an article in the Pittsburgh Tribune Review about the comparison to what we have spent on wars as compared to entitlements.

Since the beginning of President Lyndon Johnson’s “War on Poverty” in 1964, American taxpayers have spent $16 trillion (in inflation-adjusted 2008 dollars) on support programs for low-income people.

In contrast, American taxpayers have spent a total of $6 trillion (again in 2008 inflation-adjusted dollars) on all of America’s wars combined.

In return for the $6 trillion America invested in wars, we earned individual and national liberty, an end to slavery, a unified country across the North American continent, victory over multiple totalitarian tyrants and a more secure world.

But what have we earned in return for our $16 trillion investment in poverty programs?

Considering where our current national debt sits at, it is not hard to see that we would not have any debt without the entitlement programs. It would be my guess as well, that we wouldn’t have anywhere near the tax level we have, the government control over out lives, or our current vulnerability (economic and currency collapse) that can be exposed by China any time they choose.

In 1964, there were approximately 36 million people in America receiving aid. By 2007, that number had increased to 39 million. And the amount we are spending per person — in inflation-adjusted 2007 dollars — increased from $1,516 in 1964 to $16,840.

Under President Obama’s policies, by 2014 American taxpayers will be spending $1 trillion per year on welfare programs.

Today, people on government assistance in America receive free cash, food, housing, medical care and even cell phones. The standard of living of America’s poor has increased dramatically since 1964. But family breakdown, crime and dependency have exploded.

In 1964, only 7 percent of American children were born into single-parent homes. Today, 40 percent are born to unwed mothers. Children raised without their biological fathers living in their homes are much more likely to be poor and abused than children raised by their mom and dad. This is true across all racial and ethnic groups.

While I don’t think this is completely the fault of welfare, there is no doubt the destruction of the black family has been caused by welfare programs, specifically the incentivization of having more children to receive more money.

According to the U.S. Census Bureau, 64 percent of children with unmarried parents and 31 percent of children with divorced parents grow up in poverty. But only 8.4 percent of children in two-parent families grow up poor.

Taxpayer-funded welfare in America is marketed by liberals as a “safety net.” But in reality it has become a multigeneration way of life.

I wouldn’t call it a way of life. It is imprisonment. You are imprisoned in your government squalor, and you are punished by any action you take to get out of it.

We need all American adults of able mind and body to contribute to our society by working (inside or outside the home), supporting their own families, and raising their own children. More women and men must step to the plate by getting and staying married.

In the coming years, once conservatives regain control of our government, we must enact policies that enable American adults to take responsibility for their own futures and their own children. We can afford the time and money to win “a war of necessity.” What we cannot afford, what is truly unsustainable, is our growing culture of dependence.

via The dependent class – Pittsburgh Tribune-Review.

I agree with Glen’s general article, but this is where conservatives start heading in the wrong direction. We do not need to “enact policies that enable American adults to take responsibility for their own futures and their own children.” All we need to do is take away the incentives of not taking responsibility for you and your children. To do that, we should set a path to end all entitlement programs. I know we couldn’t do it cold turkey, but we should set a plan to do it over the next decade. We should make people understand that no one owes them anything, and that they will need to take care of themselves and their families. Families, neighors, and churches will pick up the slack for those who can’t fend for themselves. This is how it used to be done, and people were much better off.

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Thanksgiving, Statism And Life Outside The Matrix

Posted by Jason | Posted in Economics, Education, Government, Gun Control, Health Care, History | Posted on 28-11-2009

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Over Thanksgiving dinner, my brother and I began our normal debates of politics, war, health care, etc. This year was  a little different.

I’ve always been the typical conservative, who believes the government is a necessary evil that wants to control us more and more with healthcare, welfare, net neutrality and on and on, but we need to maintain a strong military and remain on the offense in the war on terror.

Having always considered my self a free market capitalist, I was reading pro-capitalist books, websites, etc. Eventually, I found myself in a world that challenged my own contradictions. I’ve always realized that liberalism was irrational and illogical, but I always thought conservatism was rational and logical. After reading Ron Paul’s book, End The Fed, I started a debate on Mises.org, a pro-free market site founded to spread the economic ideas of Ludwig von Mises. Like most conservatives, I liked Ron Paul’s belief in the constitution and his domestic policy beliefs, but I thought his foreign policy was isolationist and unrealistic. In the forums, I said I like Ron Paul and would vote for him, but I didn’t believe in his isolationism and questioned whether he believed in a strong military. Having always laughed at liberals and all their contradictions, it was now I who seemed to be the one with contradictions.

Not being used to people debating with logic and reason, I quickly felt like I was being presented an option. The forum users were offering me the Red Pill, leading me on a path which would challenge my assumptions and the Matrix in which we live, or the Blue Pill, in which I could ignore their arguments and stay in the comfort of what I’ve always believed and had reinforced by the Matrix. Having always believed in pursuing TRUTH in spite of fear, ostracizing, or ego, I took the Red Pill. Quickly I realized I was outside the Matrix looking in.

The first thing you realize is the Matrix is constructed of two sides who are opposites of the same contradictory, statist coin. Both believe in using government force in order to compel the populace to live by their terms. One side believes in “national greatness” while the other believes in “national virtue”. Neither fulfills their stated goal, and neither believes in individual liberty. Both sides benefit from the endless debate and the “my team is best” mentality. The Matrix was not constructed over night. It was developed over time piece by piece and quickly became the known world to those who know no alternative to life inside the Matrix. Current generations have had the programming loaded into their minds through the government schools. Even if you attend private schools, you must meet certain mandated “standards”. As an adult, your programming is reinforced with TV shows, news programs, and “educational” programs that reinforce the assumptions that were programmed into you as a child.

The founding institution of the Matrix, the State, is formed by competing parties, which you are encouraged to cheer one as your team and boo the others as the enemy no matter what the topic. Debates rage with differing opinions, but never involve root causes or underlying assumptions. Both sides debate particular wars, but never discuss what caused the war or whether foreign intervention is just and in our best interest (ex: Should our military is deployed in 150 countries). We debate how to best raise the standards of public schools, but no one questions the existence of the public schools or the historical failure of them(ex: Black Americans went from 20% literacy rate in 1860 to 80% by 1890. Now, black Americans have a 60% literacy rate). They debate how to best handle retirement savings, but neither questions whether the government should be handling it at all or the consequences of their mishandling (ex: Inflating Wall Street pay via 401ks and IRAs). Currently, we’re debating health care. One side argues for national health care, and the other argues against it. Neither side debates government involvement and it’s effect on skyrocketing prices in the first place.

It’s not hard to understand why the Matrix is so hard to break free from. It’s all we’ve known. We haven’t experienced schooling without public schools, health care without insurance, a world without US policing, or life without so called “safety nets”. During the debate with my brother, who always argued with my beliefs on foreign policy when I was inside the Matrix, agreed Americans were not looking at the issue properly because they are surrounded by re-enforcing factors such as the media. The media never gives a historical perspective. They only ask what should be done about terrorism or which war we should fight. They never ask why is there terrorism or if we think punishing civilians via embargoes will help them overthrow tyranny. They never ask if we believe it creates less responsibility for Wall Street executives when the Fed drops interest rates to zero and promises to prevent bank failures. They are only asked whether we should have bailouts or not.

The funny thing was as soon as the debate turned to public education, my brother was back in the Matrix. I asked the question of why there should even be public schools, and immediately his programming took hold. “You have to have government schools. How would people get schooling? I don’t think the schools are bad. It’s our culture. Teacher unions aren’t to blame, it’s the parents. You can’t teach a child who’s parent is a drug addict. What about the poor?” On and on the debate raged, but he could not get his head around the fact that the government has created the disastrous system in the first place. He could not comprehend a world without the government. It was if nothing comes about without the government. It’s understandable. Can you imagine arguing what life would be like without slavery in the early 1800s? Surely, you would have been nuts. They were living inside their Matrix, created by generations that came before.

Over the coming months, I will attempt to touch on some of these topics. While I am not an expert, I will present you with Red and Blue pills. The Red pill will question whether our lives our better with government involvement in all aspects of our lives. Is the government really protecting us? Could we live without government? You will have to open your mind and challenge your assumptions if you take the Red pill. On the other hand, you can take the Blue pill. You can stay in your comfort zone, fight the same old fights, assume the government is there for your protection, and live out the consequences of those beliefs. The choice is yours, but you must make a choice.

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Government job creation?

Posted by Jason | Posted in Economics, Government | Posted on 23-11-2009

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Would someone please ask the government to stop creating jobs before we are all unemployed? Most of these idiots never even held a real private sector job, and yet they are trying to create jobs. Government can only do one thing. It can take money from private citizens at the point of a gun and give it to other private citizens. That will not create jobs.

White House Chief of Staff Rahm Emanuel said in an interview that “there are two engines to our economic message, two ways to generate jobs. One is small business, the second is energy.” The government could promote hiring in those sectors through expanded tax credits or lending. “It’s not about legislation — it’s about the economy,” he said.

House Speaker Nancy Pelosi last week said ideas under discussion in the House included a tax on a variety of financial transactions. Democrats estimate such a tax could raise as much as $150 billion a year, a pool of money that could help offset the cost of a job-growth package.

via Weighing Jobs and Deficit – WSJ.com.

I love these idiots in the White House and Congress. How is small business and energy going to create jobs when you are pillaging both of them, Rahm. Small business  is going to get hammered with all these health care bills. Energy is not allowed to flourish in our country because of special interest groups. The government is pushing cap n trade, while  the sham of global warming has finally come to light with the hacked emails of global warming scientists. Cap n Trade will drive up costs on businesses and families. Congress is also raising taxes for the health care bill, and they are going to let Bush’s tax cuts expire. All of this leads to increased burdens on the private sector, but some how these morons see this as job creating stimulus.

Nancy Pelosi’s solution to job creation is to tax a variety of financial transactions? I guess I shouldn’t be surprised. For some reason, she believes you can tax your way to prosperity. Why do we tax cigarettes again? Oh yeah, because we want people to smoke less. You tax something in order to punish it and get less of it. So Nancy Pelosi wants to tax financial transactions. What do you think is going to happen? You are going to get less financial transactions. That sounds like another great job creating idea.

Would someone pull the plug on Washington already. They have no clue how jobs are created. Please make them stop before everyone is out of work, and we’re relying on these morons for the bread lines.

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Obama’s Malaise

Posted by Jason | Posted in Economics | Posted on 20-11-2009

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In an op-ed in the Wall Street Journal this morning, Republican reps Jeb Hensarling and Pau Ryan layout why economic expectations are so low.

Why all the pessimism? The source appears to be a growing fear that the federal government is retreating from the free-market economic principles of the last half-century, and in particular the strong growth policies that began under Ronald Reagan. A review of the economic policies instituted by President Barack Obama and the Democratic-controlled Congress lends credibility to this concern.

Exhibit A is the economic stimulus package signed into law by President Barack Obama in February. Even among previous stimulus efforts, the 2009 stimulus stands out for its ineffective targeting and sheer size. With interest, it is $1.1 trillion, double the size of Roosevelt’s New Deal spending as a percentage of GDP.

Exhibit B is tax policy going forward. It is a near certainty that Democratic-controlled Congress will allow most of the tax cuts of 2001-2003 to expire on Dec. 31, 2010.

Exhibit C is the administration’s intervention in the GM and Chrysler reorganizations. Upsetting decades of accepted bankruptcy law, the administration leveraged TARP funds to place unsecured and lower priority creditors like the United Auto Workers union in front of secured and higher priority creditors.

Health care, the administration’s signature issue, is Exhibit D. Disregarding its impact on quality and access, its plan will surely cost well over $1 trillion over the next decade. The House-passed version includes an 8% “pay or play” payroll tax and a half-trillion dollar surtax on incomes over $500,000, much of which will strike small business. Both taxes will tend to depress investment and the creation of new jobs.

If one substitutes the Blue Chip Economic Forecast’s interest-rate forecast for that of the administration, deficits will increase by an additional $1.2 trillion over the administration’s projected deficits. If the next decade’s interest rates climb to match those of the 1980s, then the deficit would increase another $5.3 trillion. If higher interest rates then slow economic growth, the impact on the deficit would be much worse.

via Jeb Hensarling and Paul Ryan: Why No One Expects a Strong Recovery – WSJ.com.

While I agree with all these, I think the reps believes that government is the solution, and the problem is their solution is not being implemented. This is what happens when you believe the government is the solution to our problems. Whoever lies the best and gets control of the government sets the policies. I’d love to see these guys calling for the government to quit tinkering with the economy.

The free market works, and will handle slow downs much better than politics. This recession would have hit us fast and moved on already without the tinkering. Can you imagine a doctor giving you a shot and saying I don’t want to inflict the pain, so let me put the needle in slowly? When you get a shot, you want it fast and quick. You know it’s going to hurt. Just get it over with. The economy is the same way. If we are going to go through some economic pain, take the brunt of it and get it over with. Instead we have these idiots trying to avoid any pain, and all they do is prolong it. The Fed caused the damn pain, and then says their role is minimize the pain and prevent it going forward. Really? Good job jackasses. Maybe we should try to control the weather so we don’t have any natural disasters.

If you want expectations to pick up, go back to the constitution. Quit tinkering. Tinkering only causes people to speculate on what the tinkering will be, and because our current tinkerers are bigger socialists than the previous tinkerers, they don’t feel good about the tinkering. Remove the tinkering ,and you remove the speculation and the negative expectations.

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Government Cannot Create Jobs

Posted by Jason | Posted in Economics, Government | Posted on 18-11-2009

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Well, the scam is up, and the Democrats know it. TARP and stimulus have had no effect on creating jobs. So if government didn’t work the first time, I guess they just didn’t do enough.

The House of Representatives is pushing a bill aimed at boosting employment, a potentially risky move that underscores Democrats’ fears about the economy and jobs — including their own as they head into an election year.

Elements of such a bill could run the gamut from infrastructure spending to small-business lending to extra aid for states and the unemployed, lawmakers said. Democratic leaders haven’t determined any specifics — including the politically dicey question of how to pay for it.

The beauty of the free market is you don’t have to pay for it. Get the government the hell out of the economy, and jobs will be created. Oh, and we won’ t have to pay for it. This one line underscores the idiocy of the government. Infrastructure spending is not going to create long term jobs. It also does nothing but reduce wealth, just as all central planning of the economy does. Ask Russia. Lending to small business isn’t going to create jobs either. If the economy is a disaster thanks to government, why would small businesses borrow money. Who are they producing for? Of course the government’s solution to this disasterous credit bubble is to offer more credit. Lastly, what the hell is extra aid to states going to do for jobs. There was extra aid to states with the last stimulus bill. It did absolutely nothing. It’s just moving money from the Federal government to the state government, both of which are out of control.

Among ideas floated Tuesday by Democratic leaders were using bailout money from the Troubled Asset Relief Program and a tax on Wall Street firms’ financial transactions, such as derivatives trades.

“Hey, trust me.” says the government. We only lied to you about needing the $750 billion by the weekend to bailout Wall Street. Low and behold we have tons of the money still sitting around waiting for us to play God with.

Rep. Chris Van Hollen of Maryland, who runs the House Democrats’ campaign effort, said lawmakers were aiming for a six-year infrastructure bill that also could include energy-related investment.

Energy related investment? You mean a GE payoff? Energy companies will invest themselves if it makes economic sense. If it doesn’t make economic sense, and the government decides to do it, that means we’ve basically had our standard of living reduced. If solar power, for example, doesn’t produce a good ROI, it doesn’t matter who is paying for it. No matter what it’s not a good ROI and in this case, the tax payer is funding this bad investment.

Mr. Van Hollen, a member of the Ways and Means Committee, said lawmakers also might consider a payroll-tax holiday — a short-term break on Social Security and Medicare taxes to boost private-sector hiring. He said that might be an alternative to an employer tax credit for new hires, an idea that critics say is fraught with enforcement problems.

Hahaha. So the solution to creating jobs is a payroll-tax holiday? Social security and medicare are both bankrupt, but taking money from them is a good idea. If it’s such a good idea, and this is what is hampering the job market, let’s ditch it for good. This is just stupid. While I would love to see these taxes go, a temporary holiday isn’t going to trick an intelligent business person into hiring. If that reduction in cost is temporary, so is the position.

The White House didn’t comment on the developments. President Barack Obama announced a jobs summit for early December and the administration is likely to weigh in with its own recommendations.

Please President Obama. Give us your wise recommendations. They have benefited us so much so far.

House Majority Leader Steny Hoyer (D., Md.) said he hoped to bring the bill to the House floor by mid-December, giving rank-and-file lawmakers a chance to vote just before the start of the 2010 election season, when control of Congress will be up for grabs.

“Clearly, 10.2% unemployment is unacceptable and is causing great pain to literally millions of people around the country,” Mr. Hoyer said.

This is so important that we need to wait till the political season begins, so politicians can take complete advantage of the politics of it.

House lawmakers hope the Senate also will act before the end of the year. Senate leaders said late Tuesday, they planned to tackle the issue only after completing the health-care overhaul. Sparring over the jobs legislation could last for many weeks beyond that.

AFL-CIO president Richard Trumka put pressure on Congress to act Tuesday when he rolled out a proposal putting heavy emphasis on government spending on infrastructure, including schools, as well as a new round of aid to states and local governments to forestall layoffs.

Let’s have a guy who never started a business and only loots business owners tell us how to create jobs. The only form of job creation the AFL-CIO knows is pummeling private businesses into the ground until they aren’t competitive, and then costing many jobs.

Rep. John Larson (D., Conn.), the House Democratic caucus chairman, said he believed House Democrats would have to offset the bill’s cost, at least in part, to answer concerns about the soaring federal budget deficit. The government is expected to run a $1.4 trillion deficit in fiscal 2010, which began on Oct. 1. Democrats are likely to delay the effective date of new taxes until the recession is over.

Another possible revenue source is taxes on Internet gaming.

Mr. Larson, who as the House Democratic caucus chairman pays close attention to rank-and-file members’ attitudes, said there was growing momentum for a tax on some Wall Street trading.

There you go. Tax Wall Street trading. That should boost the economy. Let’s tax capital that is used to fund business expansion and creation.

Leading Democrats in both chambers, including Rep. Barney Frank of Massachusetts, have expressed reservations about a tax on financial transactions, out of concern it could drive trading offshore.

Wow, I actually can’t believe Barney Frank said this. So, he understands that this could drive trading offshore, and thus cost the government capital gains taxes, but for some reason he doesn’t see how massive business taxes and regulation drive businesses offshore.

Senate Budget Committee Chairman Kent Conrad (D., N.D.) said he would support legislation that would further extend the jobless benefits program and boost infrastructure spending, including roads and bridges. The senator said such spending would not only create jobs but boost the efficiency of the U.S. economy. “We need to do much more, ” he said.

Hahaha, the government is going to boost the efficiency of the economy. Did I read that correctly? Also, extending jobless benefits even more. Now there is motivation to get off you butt and start working.

Brad Dayspring, a spokesman for House Republican Whip Eric Cantor (R., Va.), said any bill that added to the deficit wouldn’t work. “They tried that approach once and failed,” Mr. Dayspring said.

Among the ideas for unused TARP funds are direct lending to small businesses, and funding of an infrastructure bank that would provide seed money for projects.

via House Leaders Push for Jobs Bill – WSJ.com.

I guess ultimately we get what we deserve. We elect these moronic bums to represent us, so we have no one to blame but ourselves. Who cares if their ideas don’t make sense. Who cares if your family is struggling financially, you wouldn’t believe spending more and borrowing more is the fix. This is the government. It’s different.

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Government’s role in society

Posted by Jason | Posted in Government, Health Care | Posted on 09-11-2009

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Government’s role in society is to create criminals out of ordinary people.

Shout out to Hotair for the video

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Your leaders are selling you into slavery

Posted by Jason | Posted in Economics, Government, Video | Posted on 09-11-2009

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Bob Murphy had a great post,  Free Advice: “The Money That Is Sold Abroad Is You!”, that reiterates my post on selling our kids into slavery. This video is a lot more dramatic though. I’m jealous.

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