Thursday, October 26, 2017
Wednesday, October 25, 2017
Campaign Legal Center files complaint with Federal Election Commission over Clinton/DNC hidden dossier payments
From the story here:
The complaint from the nonprofit Campaign Legal Center said the Democrats effectively hid the payments from public scrutiny, contrary to the requirements of federal law. By law, campaign and party committees must disclose the reason money is spent and its recipient.
A. Barton Hinkle shows once again that libertarianism is of the left, not the right
Here:
[B]oth parties have grown more extreme in recent years. Congressional Republicans certainly have. Congressional Democrats tend to be more moderate, relatively speaking.
The perception that the Democrats haven't shifted radically left in recent years is due to libertarianism agreeing with what that shift represents more than disagreeing with it. And frankly, the evidence A. Barton Hinkle cites shows how the whole country has indeed shifted left. Not completely, obviously, but shift left it has, and that libertarians can't see that tells you more about libertarianism than libertarianism tells you about libertarianism.
It's not that Republicans have become more extreme. It's that the country's shift to the left has isolated them. And Democrat positions are only "moderate" in the sense that they are now more widely shared. It's the growing isolation of Republican conservatism in the face of these which only makes it seem extreme. It would be more accurate to say that Republican positions have become anachronistic, not extreme.
Hence much of the recent evidence cited by Hinkle which demonstrates where Americans are united today is of the "shift-left" variety, including:
62% now believe in gay marriage when for generations the vast majority of Americans did not, and for millennia human beings did not, and anti-sodomy laws still dotted the land up to 2003;
73% now favor utopian pipe dreams of "alternative energy" when it was coal, oil and nuclear which made America the industrial powerhouse of the world;
73% now unsurprisingly favor euthanasia just 44 years after the Supreme Court made it legal to murder unborn children;
83% favor "medical marijuana" despite the evidence of its risks for human health and well-being;
85% want to let the Dreamers stay;
90% favor universal background checks for weapons purchases;
83% disavow "extremist bigotry" under the influence of multiculturalist indoctrination in American public schools.
And libertarians are pretty much on board with these things, along with most Democrats. That's why all the action is in the Republican Party. The war for its soul continues to animate the present time. The Democrat soul already belongs to the devil.
Tuesday, October 24, 2017
Mark Levin did a great job eviscerating Republican hypocrite Bob Corker in the show's first hour tonight
As Levin says, we have Bob Corker's defiance of the constitution to thank for Obama's Iran deal.
The Washington Times had a nice summary of Corker's malfeasance from Jed Babbin, here:
He sponsored a measure that required the president to submit the agreement to the Senate but turned the Constitution upside down. Under Article 2, Section 2 the president must get a two-thirds vote in favor of any treaty to make it a part of the law of the land. Instead, Mr. Corker’s provision required opponents of the deal to muster a two-thirds vote — 66 senators — to vote against it. It was a pretense to conceal another Republican cave-in to Mr. Obama. Mr. Corker’s provision passed the Senate by a vote of 98-1, Sen. Tom Cotton, Arkansas Republican, being the only negative vote. In an entirely predictable result, when the time came for a disapproval vote, Republicans couldn’t even overcome the Democrats’ filibuster to get a final vote on disapproval. After that, it was a small matter for the president to take the Iran deal to the U.N. Security Council, which eagerly approved it. What Mr. Corker had done was to enable Mr. Obama to claim Senate approval of his deal even though the Senate hadn’t done anything of the sort.
Like Jeff Flake, Corker won't be standing next year for reelection to the Senate.
WaPo: Hillary and DNC also paid for infamous Trump-Russia dossier, retaining Fusion GPS which hired Brit Chris Steele
Marc E. Elias, a lawyer representing the Clinton campaign and the DNC, retained Fusion GPS, a Washington firm, to conduct the research.
After that, Fusion GPS hired dossier author Christopher Steele, a former British intelligence officer with ties to the FBI and the U.S. intelligence community, according to those people, who spoke on the condition of anonymity.
Elias and his law firm, Perkins Coie, retained the firm in April 2016 on behalf of the Clinton campaign and the DNC. Before that agreement, Fusion GPS’s research into Trump was funded by a still unknown Republican client during the GOP primary. ...
The Clinton campaign paid Perkins Coie $5.6 million in legal fees from June 2015 to December 2016, according to campaign finance records, and the DNC paid the firm $3.6 million in “legal and compliance consulting’’ since Nov. 2015 — though it’s impossible to tell from the filings how much of that work was for other legal matters and how much of it related to Fusion GPS.
The rich are taxed heavily in America because they're a small minority even though protecting minorities is supposed to be the whole point
 |
| Class Definitions: Lower = < $30K, lower middle = < $55K, middle = < $85K, upper middle = < $125K, upper = > $125K |
America's three middle classes accounted for 56.5% of total 2016 net compensation of $7.627 trillion
The lower classes accounted for only 13.6% of the total net compensation in 2016 and the upper classes for 29.9%.
The three middle classes are composed of almost 74 million individual wage earners in 2016, representing 45.1% of the total 163.5 million receiving W-2s in 2016. There are about 40 million individual wage earners in the lower middle class, about 22 million in the middle middle class, and about 11 million in the upper middle class.
Just over 80 million individual wage earners, about 49.3% of the total, made less than middle class incomes in 2016, that is, less than $30,000 annually.
Just over 9 million individuals made upper class incomes, that is, above $125,000 annually.
The upper class is just 5.6% of the total work force but makes almost $2.3 trillion of the net compensation.
The tax farmers eye the middle income classes because that's where the bulk of the money is to be harvested, about $4.3 trillion in 2016.
The lower classes, again almost half of the wage earners, account for only just over $1 trillion of the net compensation in 2016.
W-2 data isn't the whole story of income in the United States but is probably the most accurate snapshot indicating what's what and who's who for the "Why me, Lord?" question those who struggle for the legal tender ask themselves every April 15 or thereabouts.
Good news for pension plans: Reduced life expectancy means obligations could fall by up to 1 percent!
Every cloud has its silver lining.
From the story here:
The U.S. age-adjusted mortality rate—a measure of the number of deaths per year—rose 1.2 percent from 2014 to 2015, according to the Society of Actuaries. That’s the first year-over-year increase since 2005, and only the second rise greater than 1 percent since 1980. ... Declining health and life expectancy are good news for one constituency: Pension plans, which must send a monthly check to retirees for as long as they live.
According to the latest figures from the Society of Actuaries, life expectancy for pension participants has dropped since its last calculation by 0.2 years. A 65-year-old man can expect to live to 85.6 years, and a woman can expect to make it to 87.6. As a result, the group calculates a typical pension plan’s obligations could fall by 0.7 percent to 1 percent.
Monday, October 23, 2017
Hoorah for CNBC's Jake Novak, who says the real issue in need of reform is spending
Here:
Whether the Republicans pass a tax-reform bill this year, next year, or ever, the real issue in need of reform is spending. Washington has been spending more than it's taking from the taxpayers for so long that it can only think of new ways to take it away. The result is a spending regime that many economists believe is actually a drag on economic growth because it crowds out so much private sector investment and job creation. At some point, government spending ceases to be stimulative and just gets in the way.
Sunday, October 22, 2017
Percentage of GDP spent by government at all levels in the US 1898-2016
Since 1979 through 2016, outlays at all levels have doubled on average every 12.3 years, similar to the period 1898 through 1932 when they doubled on average every 11.3 years.
Outlays in the US in between those periods, from 1932 to 1979, at all levels doubled every 7.8 years on average.
The slowdown in outlay doubling times from the end of the Carter administration is no doubt connected to increased Republican governance, but outlays now divert from productive purposes 4.6 times what they did in 1898, the highest ever except for WWII but still higher than during WWI.
Why? Are we at war today?
Greedy for revenue lost to their business tax cuts, Republicans want to cap 401(k) contributions at $2,400 (they're $18,000 now)
That's right. Republicans want to penalize savers in order to reward business, but they call it stimulating the economy. The owners of business will surely prosper under their plan, but workers will not.
From the story here:
The proposals under discussion would potentially cap the annual amount workers can set aside to as low as $2,400 for 401(k) accounts, several lobbyists and consultants said on Friday. Workers may currently put up to $18,000 a year in 401(k) accounts without paying taxes upfront on that money; that figure rises to $24,000 for workers over 50. When workers retire and begin to draw income from those accounts, they pay taxes on the benefits.
Rumors have circulated for months that negotiators were debating including a cap as a way to help offset the revenue loss from a reduction in business tax rates that Republicans have put at the center of their plan. Reducing contribution limits would be, in effect, an accounting maneuver that would create space for tax cuts by collecting tax revenue now instead of in the future.
This is what you get when you choose to live by the rules of budget reconciliation, rules designed to get around the Senate's 60-vote rule. Under them any tax cut must by definition be temporary and cannot increase deficits over the next ten years. In other words, there is no tax cut.
Once again it's the Senate's filibuster rule which stands in the way of true reform of anything in this country, along with the ubiquitous discriminatory attitude of government toward money in the case of taxes, some of which (business') is more equal than other (yours).
It's long past the time in this country when the people revolted against this system and demanded a smaller government which spends less. That's where true tax cuts can come from. Anything else is simply rearranging the deck chairs on the Titanic.
Saturday, October 21, 2017
Virginia's Dave Brat caves to Conservatism Inc, will vote for tax cuts without spending cuts
Federal spending already is north of 21% of GDP, and government spending at all levels north of 36%. This is taxpayer money diverted from productive purposes, then skimmed to pay the useless intermediaries of The Swamp, and finally distributed for purposes formerly deemed to be the province of individuals but now the responsibility of The State.
And they wonder why GDP is so low.
Oh please, Allah, send the asteroid Ceres to destroy DC. Our countrymen never will.
From the story here:
“I will vote for the Senate budget and while I applaud the work that Chairman Black did in our budget committee to begin the process of mandatory spending reforms, at this point, achieving economic growth is the first priority and so I want to keep that train moving,” said Rep. Dave Brat (R-Va.), a member of the conservative House Freedom Caucus. ... Earlier this year, House Freedom Caucus members had been willing to delay committee passage of the House budget on demands that it include instructions to cut more mandatory spending. Now they are signaling acquiescence to the smaller Senate figures. ... Twenty-two conservative economic organizations under the banner of the National Taxpayers Union sent a letter to House members urging that they adopt the Senate budget.
Everyone's an American these days, including Taki
Here, from the guy born in Greece who spends most of his time in London, Gstaad and the Med:
As a European who is an American citizen and spends half the year over here, I am surprised at how different we Europeans and we Americans really are. We Europeans mostly loathe each other, snub each other, and feel united only in our envy for the Big Bully, poor old Uncle Sam. Whereas we Americans hear and read all day how disunited we are, how oppressed our womenfolk are, what racists and sexists we are, yet our stadiums are filled to the brim every weekend with mostly white men and women cheering their lungs out for mostly black athletes. Go figure, as they don’t say in Brussels.
Citizen of the world is more like it. It would be nice if those charged with nativism actually lived it, like most Americans who love their country, live and work in it year in and year out, and have no need of passports.
Thursday, October 19, 2017
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