Musings on the Week
Return to Common Sense
February 9, 2013
Government – “The government is not your salvation. The government is not your road to prosperity. Hard work, education will take you far beyond what any government program can ever promise.” Mia Love.
Politics – Republicans (Marco Rubio, Bobby Jindal, and Ted Cruz) are shaping political discourse on key issues (immigration, taxes, and gun control) to demonstrate leadership.
Politics – I expect the TEA Party movement to re-emerge as the new taxes and regulations hit, and the “second half” of our 2008 recession hits full force (as if it ever really stopped).
Media – The MSM downfall has already begun, but I expect this avalanche to continue after Newsweek with layoffs at the New York Times and the Washington Post.
Dependence – “When caring for your neighbor becomes a compulsory obligation imposed by government instead of voluntary, charity turns to confiscation and freedom to achieve to involuntary servitude. To liberals, compassion seems to be defined by how many people are dependent on the government; to conservatives, it’s defined by how many people no longer need help. One promotes dependence, the other freedom, responsibility and achievement.” Star Parker.
Economy – DJIA closed over 14,000 but when you index it with commodities such as gold, you find it signals economic stagnation since it’s deflated value is 18% lower than its high.
Economy – The CBO economic forecast expects the economy to continue its sluggish pace of growth, just 1.4% and unemployment is expected to remain above 7.5% again in 2013.
Economy – The CBO projects that the federal government will spend $47.2 trillion during the 10 year budget period, rising each year for every program except for defense.
Budget – The CBO projects that entitlements and ObamaCare spending will comprise 53% of all federal spending over the coming decade, totaling $24.9 trillion.
Budget – 4 of 5 years Obama failed to submit his blueprint on-time and the budget did not receive a single vote, and the last 4 years Democrat Senate never even passed a budget.
Deficit – Federal revenues will climb 8% this year, 10.5% next year, 12.3% the year after, and 2016-22 projected to rise 6% a year, but “no doubt” the government needs more revenue!
Deficit – The CBO forecast the budget deficit will grow through 2023 and eventually require Congress to raise taxes and/or reduce benefits and services, just to cover interest payments.
Healthcare – 17 states have not agreed to expand their Medicaid coverage up to the ObamaCare-designated 138% of the poverty level, and less than half of all states support it.
Environment – Since created in 1970, the EPA has been a rogue agency – ideological, poorly managed and out-of-touch with sound science and insensitive to cost-benefit analysis.
Environment – Climate change regulations can’t be serious about environmental quality, when it specifically exempts China and India, the two biggest polluting countries.
Immigration – Considering that provisions of the 1986 Immigration Reform have still not been implemented, there is little trust that reform today would deliver anything beyond amnesty.
Social Security – The number of workers collecting federal disability payments climbed to yet another record high of 8,830,026, the 192nd straight month that the number increased.
Welfare – Depression-era soup kitchens have been replaced by government food stamps, Social Security disability payments, and extended unemployment insurance benefits.
Crime – The Southern Poverty Law Center publishes a “hate map” of target organizations that Floyd Lee Corkins II used to attack the Family Research Center in a “hate crime.”
Deficit – I expect one or more states to declare bankruptcy and seek assistance to recover from the bad economic decisions of the past under federal judicial protection.
Housing – I expect that it will take four or more years at the current rate for the backlog of foreclosures to finally clear, before we see any signs of life of a robust housing recovery.
Free Market – “We might think of dollars as being 'certificates of performance.' The better I serve my fellow man, and the higher the value he places on that service, the more certificates of performance he gives me. The more certificates I earn, the greater my claim on the goods my fellow man produces. That’s the morality of the market. In order for one to have a claim on what his fellow man produces, he must first serve him.” Walter Williams.
Defense – It is apparent that the only thing Obama trusts a military for is humanitarian intervention and nation-building, neither mission ever envisioned when military formed.
Libya – Will we ever learn who denied requests for additional security, who told the military to stand down and not help, and who created and nurtured the false media narrative?
Israel – I expect that Israel will be attacked by Hamas and the IDF will retaliate by invading and then re-annexing Gaza based on defensible borders and 1920 San Remo Conference.
Israel – I expect that Israel will suffer a nuclear attack from Islamist extremists, and Obama will talk a lot, but stand aside and refuse to help defend this longtime ally.
Asia – I expect that North Korea will attack South Korea and attempt to reunite Korea, and Obama will be “unable” to support our troops and will negotiate for a stalemate.