RTCS

Musings on the Week

Musings on the Week

December 6, 2014

 

Government - Government's first duty is to protect the people, not run their lives. Ronald Reagan.

Politics 42% of Americans identified as political Independents in 2013, the highest Gallup has measured in 25 years, while Republican identification fell to 25%, lowest in 25 years.

Politics Six years under Obama has resulted in an emerging Republican majority now controlling both the House and Senate as well as 69 of the 99 state legislative chambers.

Politics Last election showed Democrat strength concentrated in urban areas and college towns, among minorities, and in narrow bands along the West Coast and the Northeast.

Scandal – Contrary to testimony, Lois Lerner’s emails revealed the IRS improperly disclosed thousands of confidential filings from private taxpayers to the White House for review.

Politics - This week’s distractions from the stagnant economy and ObamaCare: Ferguson racial disconnect to factual innocence and quest for politically pliant Defense Secretary.

Politics Elizabeth Warren, addicted to crony capitalism and hyperbolic assertions. is trying to snatch the Democrat Presidential nomination as the candidate more left than Hillary Clinton.

Politics – Republicans lost the last two Presidential elections with “moderate” candidates, so hopefully they will not make this mistake again by nominating someone like Christie or Bush.

Taxes -I have long believed taxpayers make better use of their money than the government ever could.” Kay Bailey Hutchison.

Economy – The economy continues to limp along with the low labor participation rate and flat wages masking the long term impact resulting in low consumer confidence.

 

November 2008

November 2014

Change

Annual Federal Spending

$2.87T

$3.55T

+$.68T

Total National Debt

$9.97T

$18.01T

+$8.04T

Food Stamp Participation (000)

30,800

46,200

+15,400

Average Price/Gallon Gas

$2.21

$3.17

+$.96

Labor Force Participation Rate

65.9%

62.8%

-3.1%

Not in Labor Force (000)

80,220

92,120

+11,900

Employed (000)

144,100

147,287

+3,187

Employment Population Ratio

61.4%

59.2%

-2.2%

Unemployed (000)

10,538

9,110

-1,428

Unemployed - 27+ wks (000)

2,219

2,815

+596

Average Weeks Unemployed

18.9

33.0

+14.1

Unemployment Rate (U3)

6.8%

5.8%

- 1.0%

Underemployment Rate (U6)

12.6%

11.4%

1.2%

Debt It only took 407 days for the nation to go from $17 trillion to $18 trillion in debt and the federal debt has increased by almost 70% since Obama took office.

Debt – In first two months of FY2015, Treasury was forced to issue $1.04 trillion in new debt to raise money to pay Treasury securities that are maturing and to cover new deficit spending.

Pensions – The federal government’s insolvent Pension Benefit Guarantee Corporation (PBGC) is dead broke with total assets of $90 billion and total liabilities of $152 billion.

Pensions – Illinois has accrued a $111 billion unfunded pension liability, in addition to $56 billion in debt for retiree health benefits, with 25% of tax dollars paying retirement benefits.

Housing – There are still roughly 4 million borrowers in residential negative equity (“underwater”) positions which represents less than 8% of all existing mortgages.

Immigration – Obama’s executive action to “legalize” 5 million illegal aliens making them eligible for Social Security and Medicare will hasten the demise of these bankrupt programs.

Healthcare – Vermont is struggling to implement single-payer health care with recent study estimating that single payer will take $1.7 billion to $2.2 billion, requiring an 80% tax increase.

Energy – It is the supply increase (and fracking) that is driving down oil prices, causing the U.S. to become energy independent, while undermining the historical power of OPEC.

Energy – Tight budgets causing second look at energy subsidies (per energy unit): $0.64 for oil; $0.82 for fossil fuel; $3.14 for nuclear power; $56 for wind power; and $775 for solar power.

Energy – Xunlight has joined Solyndra, Evergreen, Abound, and Satcon as alternative energy companies lavished with government stimulus funds, but quickly bankrupted and liquidated..

Environment – Environmentalists claim global warming as a foregone conclusion” ignoring all contrary data, evidence, and analysis that refutes their ideology-driven conclusions.

Education – Since 1970, spending an staffing for American public schooling has exploded, while enrollment and student performance has remained stagnant.

Marriage While women are not marrying as early and the decline of marriage is a reality, by the time women are in their 30s, about 70% of them have married (only 5% less than past).

Abortion – Almost a fifth of all pregnancies in the U.S. now end in abortion, with the vast majority (85%) of women who choose to abort are unmarried and 57.8% were in their 20s.

Civil Rights – Ferguson has shown us “black leaders” who look to increase tension rather than calm the situation down, since these “leaders” are parasites who live off other’s misfortunes.

Crime – Fifty of the 51 protestors arrested were not from Ferguson, and represented groups like the ANSWER Coalition, the New Black Panthers, the Revolutionary Communist Party, the Organization for Black Struggle and the Soros-linked U.S. Human Rights Network.

Government -Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master.” George Washington.

Africa – The U.S. military has over 4,000 troops deployed and is now involved in more than 90% of Africa’s 54 nations, but has gone undetected and unreported by the media outlets.

Libya – Hillary Clinton issued two very specific stand-down orders on the night of the September 11, 2012 Benghazi attack: one to the counterterrorism Security Group (CSG) and one to the State Department-led Foreign Emergency Support Team (FEST).

 

David Coughlin

Hawthorne, NY      

http://www.ReturnToCommonSensesite.com