Publicado: 05-29-2012 09:39 AM
Our Nation’s Future
By Walter Williams On May 29, 2012 In Daily Mailer,FrontPage
Our nation is rapidly approaching a point from which there’s little chance to avoid a financial collapse. The heart of our problem can be seen as a tragedy of the commons. That’s a set of circumstances when something is commonly owned and individuals acting rationally in their own self-interest produce a set of results that’s inimical to everyone’s long-term interest. Let’s look at an example of the tragedy of the commons phenomenon and then apply it to our national problem.
Imagine there are 100 cattlemen all having an equal right to graze their herds on 1,000 acres of commonly owned grassland. The rational self-interested response of each cattleman is to have the largest herd that he can afford. Each cattleman pursing similar self-interests will produce results not in any of the cattlemen’s long-term interest — overgrazing, soil erosion and destruction of the land’s usefulness. Even if they all recognize the dangers, does it pay for any one cattleman to cut the size of his herd? The short answer is no because he would bear the cost of having a smaller herd while the other cattlemen gain at his expense. In the long term, they all lose because the land will be overgrazed and made useless.
We can think of the federal budget as a commons to which each of our 535 congressmen and the president have access. Like the cattlemen, each congressman and the president want to get as much out of the federal budget as possible for their constituents. Political success depends upon “bringing home the bacon.” Spending is popular, but taxes to finance the spending are not. The tendency is for spending to rise and its financing to be concealed through borrowing and inflation.
Does it pay for an individual congressman to say, “This spending is unconstitutional and ruining our nation, and I’ll have no part of it; I will refuse a $500 million federal grant to my congressional district”? The answer is no because he would gain little or nothing, plus the federal budget wouldn’t be reduced by $500 million.
Other congressmen would benefit by having $500 million more for their districts.
What about the constituents of a principled congressman? If their congressman refuses unconstitutional spending, it doesn’t mean that they pay lower federal income taxes. All that it means is constituents of some other congressmen get the money while the nation spirals toward financial ruin, and they wouldn’t be spared from that ruin because their congressman refused to participate in unconstitutional spending.
What we’re witnessing in Greece, Italy, Ireland, Portugal and other parts of Europe is a direct result of their massive spending to accommodate the welfare state. A greater number of people are living off government welfare programs than are paying taxes. Government debt in Greece is 160 percent of gross domestic product. The other percentages of GDP are 120 in Italy, 104 in Ireland and 106 in Portugal. As a result of this debt and the improbability of their ever paying it, their credit ratings either have reached or are close to reaching junk bond status.
Here’s the question for us: Is the U.S. moving in a direction toward or away from the troubled EU nations?
It turns out that our national debt, which was 35 percent of GDP during the 1970s, is now 106 percent of GDP, a level not seen since World War II’s 122 percent. That debt, plus our more than $100 trillion in unfunded liabilities, has led Standard & Poor’s to downgrade our credit rating from AAA to AA+, and the agency is keeping the outlook at “negative” as a result of its having little confidence that Congress will take on the politically sensitive job of tackling the same type of entitlement that has turned Europe into a basket case.
I am all too afraid that Benjamin Franklin correctly saw our nation’s destiny when he said, “When the people find that they can vote themselves money, that will herald the end of the republic.”
Publicado: 05-30-2012 02:14 PM
Barack Obama has insulted 38 million Poles with his crass and ignorant 'Polish death camp' remark
by Nile Gardener
The Telegraph, U.K.
Barack Obama gaffes again on the world stage
President Obama has a long track record of insulting the Poles. In 2010 he chose to play golf on the day of the funeral of the Polish President Lech Kaczynski, the Polish First Lady, and 94 senior officials who perished in the Smolensk air disaster. Eight months earlier he humiliated Warsaw by pulling out of the agreement over Third Site missile defence installations in Poland and the Czech Republic. And last night Barack Obama caused huge offense in Poland by referring to a Nazi death camp in Poland as “a Polish death camp” while awarding the Presidential Medal of Freedom to a Polish resistance fighter. As ABC’s Jake Tapper reported:
Poles and Polish-Americans expressed outrage today at President Obama’s reference earlier to “a Polish death camp” — as opposed to a Nazi death camp in German-occupied Poland.
“The White House will apologize for this outrageous error,” Foreign Minister Radek Sikorski tweeted. Sikorski said that Polish Prime Minister Donald Tusk “will make a statement in the morning. It’s a pity that this important ceremony was upstaged by ignorance and incompetence.”
The president had been trying to honor a famous Pole, awarding a Presidential Medal of Freedom to Jan Karski, a resistance fighter who sneaked behind enemy lines to bear witness to the atrocities being committed against Jews. President Obama referred to him being smuggled “into the Warsaw ghetto and a Polish death camp to see for himself.”
The Obama administration has tried to downplay the incident. According to ABC:
National Security Council spokesman Tommy Vietor said in a statement, “The President was referring to Nazi death camps operated in Poland. The President has demonstrated in word and deed his rock-solid commitment to our close alliance with Poland.”
Weasel words from the White House will do little however to calm Polish anger. After all, these were carefully scripted remarks by the president reading off a teleprompter. Six millions Poles died at the hands of Nazi Germany during World War Two, including three million Polish Jews during the Holocaust. The president’s use of the term “Polish death camp” is hugely insulting to the Polish people, and will reinforce the growing image across Eastern and Central Europe of an American presidency that cares little for key US allies, especially against the backdrop of its controversial and weak-kneed “reset” policy towards Russia. For a US administration that likes to boast of “smart power,” this was an act of staggering historical ignorance as well as crass insensitivity.
Note: de acuerdo con Obama, en Austria se habla el austriaco, y segun este graduado de Harvard con honores, y supuesto "profesor" de Derecho Constitucional, Estados Unidos tiene 57 estados!!!
Publicado: 06-03-2012 12:19 PM
“The Fountainhead” is to “Atlas Shrugged” what “Animal Farm” is to “1984.” Just like “Animal Farm” is not about farming, “Fountainhead” is not about architecture – it is about socialist ascent.
Publicado: 06-03-2012 12:20 PM
Publicado: 06-03-2012 12:22 PM
Publicado: 06-03-2012 12:23 PM
Publicado: 06-07-2012 01:21 PM
Republicans win almost all in Wisconsin, but what’s next?
WAUKESHA, Wisc. — “WALKER 2, UNION THUGS 0” blared the legend on one sign outside Wisconsin Gov. Scott Walker’s election night headquarters here. The reference was obvious: In defeating Democrat Tom Barrett for the second time since their initial race for governor in 2010, Walker had just survived a nationally watched recall election launched by organized labor and done so with a handsome 53 percent of the vote. As midnight approached, the overflow crowd of Walker’s admirers spilled out of the Expo Center into its parking lot and awaited the governor’s arrival to claim victory.
Actually, the crowd had a lot more to cheer about than Walker’s two wins at the polls. Along with his triumph Tuesday, four out of five other Republicans under fire in the Badger State survived labor-backed onslaughts and won handily.
Publicado: 06-11-2012 05:38 PM
Obama Gives Half a $BILLION of Our Money to ACORN Crony
moonbattery.com ^ | 06/11/2012 | Dave Blount
La corrupta mafia de Obama que lo puso en la Casa Blanca por medio del fraude electoral, recibe de Obama billones por sus servicios,un escandaloso robo de los dineros del pueblo que perpetran con plena impunidad.
Obama’s alma mater has been revealed as the most profoundly corrupt institution conceivable. But that isn’t stopping the nuts behind ACORN from receiving massive amounts of our money, compliments of the Manchurian Moonbat.
[An] ACORN official (Joe McGavin) will go from operating a corrupt leftist community group that’s banned by Congress from receiving federal funding to controlling over $445 million in U.S. taxpayer funds. The money is part of a $7.6 billion Treasury Department program to help the “unemployed or substantially underemployed” make their mortgage payments.
McGavin is director of the Illinois Hardest Hit Program, which funnels our money to Obama’s homies back in Chicago.
Before that he was director of counseling for ACORN Housing in Chicago and operations manager for a Chicago ACORN offshoot called Affordable Housing Centers of America (AHCOA). His strong ties to ACORN make him a suspect candidate to handle such a huge amount of taxpayer dollars.
That’s putting it mildly. But then, the same goes double for Obama himself.
The Obama-tied community organization supposedly shut down after a series of exposés about its illegal activities, including fraudulent voter registration drives and involvement in the housing market meltdown. Read all about it in Judicial Watch’s special report, “The Rebranding of ACORN.” The legal scandals led Congress to pass a 2009 law banning federal funding for ACORN, which for years enjoyed a huge flow of taxpayer dollars to promote its various leftwing causes.
However, the Obama Regime has ignored the ban. This constitutes the massive theft of public money. If the media establishment were the least bit responsible, the Moonbat Messiah would be on his way to prison in the familiar Illinois political tradition, rather than possible reelection.
If we had a responsible media establishment and rule of law.