RTCS

Musings on the Week

Return to Common Sense

December 29, 2012

 

Dependence – Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.Friedrich August von Hayek.

Politics – House Speaker Boehner may have jumped the shark” with his Plan B over-reach, jeopardizing any conservative support for his reaffirmation as Speaker of the House.

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 continues to hemorrhage readers, with political ads in the 2012 election propping them up, but I expect the MSM to begin failing, with Newsweek the first to go.

Dependence – We don't want to turn the safety net into a hammock that lulls able-bodied people into complacency and dependence.” Paul Ryan.

Economy – Short term, the government can paper over its fiscal irresponsibility by sacrificing most of the productivity gains of the private sector, but long term inflation will kill it.

Deficit – President Obama demanded tax rate and spending increases and forced Speaker Boehner to promise more than he could deliver, thus instigating the Obama 2013 Recession.

Deficit – Even John Maynard Keynes, the free spending economist, knew that increasing taxes during a recession would be disastrous, but apparently Obama thinks he knows better.

Deficit – President Obama never really wanted a deficit compromise, since his focus from the beginning was on blame-shifting the Republicans for his inability to sell higher tax rates.

Taxes – If higher taxes on the rich are such a good idea, why don’t leading Democrats implement voluntarily to demonstrate the promised positive impact on the budget deficits?

Socials Security – France has tried to fix their own failed Social Security system by raising the retirement age and increasing taxes, but failed to stop their pension system going broke.

Labor – The international longshoreman union has pushed for a damaging strike which may cost members their jobs, especially since members were not asked if they wanted to strike.

Energy – The International Energy Agency confirmed that oil and gas production in the U.S. could produce as much energy as it consumes, which is different from energy independent.

Environment EPA Administrator Lisa P. Jackson is resigning under a cloud of controversy and scandal, after a record of economy killing regulations estimated to cost $353 billion per year.

Environment – Science proves the human contribution to global warming is minor, but media and politicians pay no attention and continue efforts to control CO2 emissions despite data.

Religion – The U.S. remains predominately a Christian nation: with 51.9% Protestant, 23.3% Catholic, 2.1% Mormon, 1.7% Jewish, and 0.6% Muslim and 15.6% with no religious identity.

Debt I expect that the country’s credit rating will again be downgraded after Congress debt ceiling discussions again fail to find sufficient spending cuts to halt deficit spending.

DeficitI 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.

Dependence –Any man who thinks he can be happy and prosperous by letting the Government take care of him, better take a closer look at the American Indian. Henry Ford.

Foreign Policy – John Kerry at State and Chuck Hagel at Defense is a matched set of anti-American leftists jointly undermining American leadership and exceptionalism abroad.

Libya – The “independent” Benghazi study whitewashed the dereliction of duty by Clinton prior to the attacks, Panetta during the attacks, and Obama’s cover-up after the attacks.

Libya – The press won’t ask 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.

Libya – The headline was “State Department Officials Resign” after reports of systemic failures in security at the consulate in Benghazi, but in actuality they are just being reassigned.

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