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.
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.
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.