Musings on the Week

Musings on the Week

June 15, 2013


Hubris – “Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God. Thomas Sowell.

Politics – Senators Rand Paul, Mike Lee, and Ted Cruz are the new breed of Republican leaders, grassroots-based and not afraid to shake up the Washington political elite.

Politics – President Obama’s fundraising reveals his core financial constituency being rich radicals (1%ers) who are motivated by desire to not feel guilty about living their lives of luxury.

Politics – The Boomer Left conducted its concealed Long March in the 1970s and 80s to conquer the organs of propaganda in the U.S. and Europe pursuing a totalitarian agenda.

Politics – Hillary Clinton is a leftist ideologue stuck on the same failed ideas waiting for her turn, with no real accomplishments from Arkansas, Washington, New York or Foggy Bottom.

Politics – The problem is not with NSA collecting data in international communications, but rather Obama’s misuse of another government agency for domestic political advantage.

Politics – The federal Racketeer Influence and Corrupt Organization (RICO) Act was enacted to address engaging in a pattern of criminal activity as a structured group (party?).

Politics – Scandal-mania” is the Cloward-Piven strategy used against the leftist Obama administration to distract Democrats from doing any further damage to our government.

Politics – The United States was created as a democratic republic with libertarian principles, but has been slowly eroding into a socialist democracy with communist principles.

Media – The top three talk radio hosts are Rush Limbaugh, Sean Hannity, and Mark Levin who, on many radio stations and over the internet, broadcast back-to-back daily.

Media – The NSA scandal monitored reporters, not because the administration wanted all leaks stopped to ensure national security, but to retain a tight control over leak release.

Media – As new technologies emerge, I expect Twitter will go the way of telephone party lines doomed by personal privacy issues and a lack of any viable business case.

Media – The MSM downfall has already begun, but I expect this avalanche to continue more layoffs at the New York Times, the Washington Post, and the TV Network News departments.

Hubris – “It is the mark of the mind untrained to take its own processes as valid for all men, and its own judgments for absolute truth.” Aleister Crowley.

Jobs – The best measure of a strong labor market is the proportion of the population that is working (employment-population rate), not the proportion that isn’t (unemployment rate).

Budget – CBO scoring is undermined by budget gimmicks and phased implementations to optimize 10 year score, obscuring long term (delayed implementation) cost impacts.

Taxes – According to the Treasury Department IG, in 2010 the IRS paid out more than $4 billion to illegal immigrants in tax credits for dependent children, many not living in the U.S.

Housing – Under Obama, the FHA now backs new home loans to rebound borrowers who recently defaulted on past mortgages, with 40% of newer FHA-backed loans are subprime.

Social Security – The Social Security Trust Fund goes broke in 2033, when recipients, by law, take a 23% cut in benefits and the Disability Trust Fund goes broke in 2016, with a cut of 20%.

Homeland Security – In its 12 years of existence, the Transportations Security Agency (TSA) has spent over $60 billion and has successfully stopped ZERO terrorist attacks.

Education – Since 1999, the number of children who are homeschooled has increased by 75%, representing an increasing trend now over 4% of all school-age children.

Welfare – Since 1965, the federal government has spent over $12 trillion fighting poverty, and states another $3 trillion, on 126 separate government means-tested programs.

Immigration – Immigrants have been required to be self-sufficient and not be a ward of the state, but now no one is considered a “public charge” when in need of government aid.

Environment – The longer we examine the claims made by the environmentalists, the more we understand how inaccurate their computer models are at predicting climate change.

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.

Hubris – “Can anything be imagined so ridiculous, that this miserable and wretched creature [man], who is not so much as master of himself, but subject to the injuries of all things, should call himself master and emperor of the world, of which he has not power to know the least part, much less to command the whole?.Michel de Montaigne.

GWOT – Democrat hypocrisy is glaring when Republican terror policies were attacked by liberals and media cheerleaders, but are now embraced and expanded under Democrats.

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.


David Coughlin

Hawthorne, NY