Filed under: Capitalism, Economy, Freedom, Taxes | Tags: American Income Mobility, Hooray for Capitalism!, How Are We Doing?
How well-off are we? Using economic data, economics professor Steve Horwitz addresses questions about inequality, consumption, happiness, and well-being.
Are the rich getting richer and the poor getting poorer? Is there income mobility in the United States? Are Americans happy? Are we “objectively” better off than we used to be?
This lecture was taped in 2010 at the IHS summer seminar, “Morality, Capitalism, & Freedom” at Wake Forest University.
(h/t: American Digest)
Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Politics, Taxes | Tags: Budget Deficits, Massive and Steady Tax Hikes, Unserious Democrats
President Barack Obama’s monthly budget deficit for February is the largest in history. We spent $223 billion more than we took in. Republicans have proposed $61 billion in spending cuts for the remainder of this fiscal year, which ends in September. Horrified Democrats have offered to cut $6 billion, or 1/37th of what the U.S. Treasury is now borrowing each month.
Senator Jeff Session (R-AL) ranking member of the Senate Budget Committee takes on the unserious Democrats.
—Minority Leader Nancy Pelosi (D-SF) suggests we keep on spending: “Nothing brings more to the treasury than investing in education,” she told reporters last week
—Sen.Dick Durbin (D-IL) says anything more than the Democrats’ $6.5 billion is literally impossible.”I think we’ve pushed this to the limit.”
—Majority Leader Harry Reid says the GOP’s initial plan to cut $32 billion was “draconian”and “a non-starter.”
—President Obama said he was prepared to do more, but Joe Biden who is supposed to be spearheading the budget negotiations is off to Finland, Russia and Moldova.
—Demos, a Liberal think tank, proposed a second stimulus package worth more than $380 billion to create 8 million government jobs over 2 years.
—The New York Times said that Democrats should just go ahead and shut the government down.
James Capretta says in a column today that the Democrats have secret plans to solve the budget problem with 1st) massive and steady tax hikes including the return of “bracket creep” and 2nd) stiff government cost controls on the entire health sector, not just on public insurance programs. The Congressional Budget Office (CBO) says the total tax hike over the next ten years will exceed $800 billion. Most of these tax hikes are to be found in ObamaCare.
If you thought that Obama had promised not to raise taxes on the middle class. Nevermind. You probably will want to read this whole article. This is long-term budgeting, Obama style. A sneaky perpetual cash machine designed to withdraw directly from your wallet.
Filed under: Foreign Policy, Islam, Middle East, National Security | Tags: "Unacceptable", No Firm Convictions, The Process Style of Government
President Barack Obama spoke out strongly again today on the situation in the Middle East. He said that he has a very firm conviction that “the violence that’s been taking place and perpetrated by the government in Libya is unacceptable.” This came in a joint press appearance with Prime Minister Julia Gillard of Australia. They will monitor the violence. NATO is consulting in Brussels around a range of potential options. They stand with the Libyan people in the continuing suppression of democratic ideals that we’ve seen there.
Last week, two American soldiers were shot in Frankfurt for the crime of getting on a bus by a Muslim Kosovar shouting “Allahu Akbar”. President Obama called it a “tragic event”, and in response to Somali Pirates killing American Christians, Secretary of State Hillary Clinton said the pirate incident left her “deeply saddened and very upset.”
P.J.Crowley, State Department spokesman, avoided any mention of Islam in connection to the killing in Frankfurt. Asked whether the jihadist attack by a Muslim Kosovar holding German citizenship was a terrorist incident, Crowley replied:
Was the shooting of Congresswoman Gabby Giffords a terrorist attack? You have to look at the evidence and look at the motivation, and then you make a judgment, and that is a process as far as I know that is ongoing.
Well, we have a process that is ongoing in Iran, and a process that is ongoing in Egypt, and a process that is ongoing in Somalia, and a process that is ongoing in Libya, and a few other processes ongoing around the Middle East, but it usually takes us a couple of weeks to figure out whether or not it is “unacceptable.” We seem to have neither positions nor principles, we’re not quite sure if we stand for anything, and when a situation arises, we don’t know what to say, but we don’t want to be hasty, and what if the wrong side wins?
This is Marizela Perez. She’s Michelle Malkin’s cousin, she lives in Seattle and she’s been missing since Saturday afternoon. If you’ve seen her, think you’ve seen her, or have any idea of her whereabouts, please call the Seattle Police Department immediately and let them know. And please help spread the word and her photo.
If you’re not in the Seattle area, but know someone who is, forward this post to them.
From Michelle’s post:
She is a University of Washington undergrad and she has been missing since Saturday afternoon, when she left the Rainier Beach neighborhood headed to the UW Seattle campus. Her parents have been trying to reach her all weekend; she apparently never made it to campus and has not been heard from by phone/Internet. They’ve filed a missing persons report with the Seattle Police Department. Hospitals have been alerted, according to family members, and bus and train routes have been checked. No sign.
Name: Marizela Perez
Date Missing: March 5, 2011, 12:00-12:30 P.M.
Last Seen: Rainier Beach area, heading to UW Seattle campus to meet friends for lunch or study in the UW libraries
Possible Routes: Sound Link Light Rail stations, downtown/Chinatown areas, UW Seattle campus, U-district
Description – Asian female, 5’5” tall, 110 lbs, skinny build, asymmetrical bob with short bangs and brown/red highlights hairstyle, tattoo on left inner arm with the words ‘lahat ay magiging maayos’, last seen wearing denim jeans, light brown suede laced boots, possibly wearing green eye contacts, possibly carrying a plaid backpack with a Macbook Pro laptop, taking medication for depression.
Seattle-area readers, can you please help get the word out — and if you or anyone you know might know anything about Marizela’s (nickname: “Em-Em”) whereabouts, please get in touch with the Seattle Police Department/UWPD or contacts listed at Facebook link above ASAP.
Marizela, if you are able to let your dad and mom know that you are okay, please contact them. You are so loved.
“Lahat ay magiging maayos” is Tagalog for “All will be well.”
May God make it so. Please keep my cousin and her family in your prayers. Thank you.
We pray she’s found safe, sound and soon.