RTCS

Musings on the Week

Musings on the Week

December 14, 2013

 

Government – The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt.  People must again learn to work, instead of living on public assistance. Cicero.

Politics – Obama has resorted to executive orders to implement his policies, so he may have inadvertently provided a Republican platform item to revoke his EOs the first week in office.

Politics Work has begun to explore a state-led Article V convention to propose Constitutional amendments limiting the power of the runaway federal government.

Politics – The American people have now reached the tipping point where every time the President speaks, the first thought will be “I wonder how much is true and how much a lie?”

Politics – It is sad to watch the slow erosion of the Obama approval ratings as he tries to cover-up one lie with another, as public confidence in government also erodes.

Politics – When will those who mis-used the IRS for political purposes and tried to cover it up (Lois Lerner, Steven Miller, George Shulman, and/or William Wilkins) be held accountable?

Politics – as the 113th Congress closes as the least productive in history, surpassing the record set by the 112th Congress, but this is a good thing that further damage has been avoided.

Politics – Hillary Clinton may be the front-runner for the Democrat presidential nominee, but eventually she will have to answer for her HillaryCare plan and Benghazi dereliction of duty.

Politics – This week’s distractions from the stagnant economy and ObamaCare:  income inequality distortions and misquotes and Nelson Mandela history rewrite and beautification.

Media – Tea Party Republicans must decide who to believe: the American people who will roast them at the ballot box; or the mainstream media who will roast them in the press.

lines doomed by personal privacy issues and a lack of any viable business case.

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.

Dependence – We must promote upward mobility, starting with solutions that speak to our broken education system, broken immigration policy, and broken safety-net programs that foster dependency instead of helping people get back on their feet. Paul Ryan.

Economy – It will take 365,000 jobs a month and an economy growing at 4% to 5% a year to reduce unemployment to 6% over the next two to three years – Not very likely!

Economy – The Obama administration doesn’t want to the Qualitiative Easing program to be stopped, because it will lead to inflation and interest rates to rise – save for next President!

Debt – The U.S. national debt is now over $17.2 trillion and this does not include the total U.S. unfunded liabilities (primarily Medicare and Social Security) of over $126.9 trillion.

Jobs – It is sad that 203,000 jobs added in a month is now viewed as “strong pace” when anything less than 300,000 was viewed with alarm during the Bush administration.

Jobs – Obama lowered the nominal unemployment rate by driving people out of the labor market, lowering the participation rate, otherwise unemployment would be over 11%.

Entitlements Based on the trust funds, Social Security Disability will run out of money in 2016, Medicare’s hospital trust fund runs out of money in 2026, and Social Security will fail in 2033.
Healthcare
Roughly 1.6 million Americans have enrolled using the ObamaCare web site, but 1.46 million of them actually signed up for Medicaid, that will bankrupt the states.

Healthcare – The so-called Republican alternative to ObamaCare is Empowering Patients First Act” and is estimated to save nearly $2.34 trillion in ten years.

Insurance – The federal government has no place providing flood insurance and has lost $25 billion, since rates are below private markets encouraging development and further losses.

                                                                                                                                     

Education – Those advocating four year liberal arts degrees fail to separate those with marketable skills like accounting or software programming from those who studied puppetry.

Welfare – The CBO found families in the lowest income quintile earned an average of $8,100 on their own, augmented by an average of $22,700 through federal transfer programs.

Abortion – In 2012, Planned Parenthood performed 327,166 abortions receiving $540.6 million (45% of revenue) in government funding - $1.5 million per day in grants and reimbursements.

Debt – I expect that the country’s credit rating will be downgraded again when debt ceiling negotiations fail to cut spending enough to halt deficit spending.

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.

Foreign Policy – Negotiating with Obama is like playing chess with a pigeon.  The pigeon knocks over all the pieces, shits on the board and then struts around like it won the game.Vladimir Putin.

South Africa Nelson Mandela died June 26, 2013 while President Obama was vacationing in Africa, but was kept on life support until a state funeral could be stage managed.

Cuba – President Obama shook Raul Castro’s hand at the Mandela funeral, providing a PR triumph for Cuba’s dictator and undermining over fifty years of economic sanctions.

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       

www.ReturnToCommonSensesite.com