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Reading over at ESPN, the Golden State Warriors have a plan to build a new basketball home in San Fransisco, moving away from Oakland. Every penny of the construction cost will be paid for by — you might want to sit down — the Golden State Warriors. And people are suing to prevent its being built.
Although the Warriors agreed to buy the land and build the arena with their own funds, their quest to play in a new facility hasn’t been smooth sailing. They shifted focus to Mission Bay in April after another site didn’t work out.
The lawsuit claims that, in hurrying to get the arena built in Mission Bay, the city agencies violated the California Environmental Quality Act by bypassing urban planning standards as well as violating the community plan, which doesn’t provide for a structure like an arena to be built.
It’s that whole Leftist “you didn’t go through the 500 inspections and we didn’t want it anyway” business that makes every prospective business owner and any who want to move or expand pull his hair out.
One of the lawsuits claims it will cause people being rushed to the hospital to die because the Arena will be close to the hospital. But two points refute that reason for the lawsuit. One, the hospital built very close to the stadium that houses the San Fransisco Giants (or is it the 49ers?), so that wasn’t a concern when the hospital was built. And two, the Warriors (and how are they allowed that name?) have already planned to prevent all traffic from using the road by the hospital, thus, keeping that road clear for the hospital.
If that’s not nutty enough, I responded in that thread and got a completely la-la land response from a Leftist.
John Hitchcock · Mount Vernon High School
Welcome to the results of a Leftist Agenda, Pyrite State. This is the reason so many businesses are fleeing California for more Conservative states.
Like · Reply · Jan 11, 2016 9:07am
John Bingham · Director at Commconnect
John Hitchcock stay in that hole where you live and leave the Golden State to those who live here and enjoy doing so. So many businesses are fleeing that we can’t keep up with the growth. Sure, it’s the leftist ideals. Make lots of money, live in a beautiful place, and help shape the world. I guess that’s pretty much the opposite of right wingers like yourself. You know, live off the government, live in a sht hole, and ignore what’s going on around you.
Like · Reply · Jan 11, 2016 6:34pm
I wanted to ask him the color of the sky in his world, but it would have been pointless. The guy is a completely ignorant and indoctrinated Leftist fool.
The US has 90 guns per 100 citizens, far outstripping any other country. That’s something Bloomberg bought and sold Shannon Watts will tell you. What she won’t tell you is that the US is also in the bottom half of all countries in murder rates, with the Socialist, huge gun-control countries above us. She also won’t tell you that the US would be far lower if not for the murder rates in the Democrat-controlled gun-control cities of the US, such as Detroit, Chicago, DC, Atlanta, Cleveland, etc, etc.
Dallas, the Democrat run city in gun nut Texas, is the Texas city with the highest murder rate, and it’s not even in the top 20 in the US. So, as everyone with even a lick of sense knows, gun-control laws increase murder rates instead of decreasing them.
If you are a multi-national corporation headquartered in X country, you pay that country’s corporate tax for the business you do there and you pay the corporate tax in each other country for the business you do there with the exception of one industrialized country. If you are headquartered in the industrialized world’s highest corporate tax country, not only do you pay that country’s highest in the industrialized world for the business you do there but you also pay that country’s highest in the industrialized world for business you do anywhere else. You do get a tax credit for paying taxes elsewhere, but you also still pay taxes in that country for business you do in other countries.
Now, why would any fiscally responsible corporation spend more than double its by-nation required corporate taxes if it could just as easily cut it down to the actual rate of said country? If Canada has a 15 percent corporate tax rate (it does), then why would a corporation pay the offending country’s 35 percent corporate tax on business done in Canada, just because the business is headquartered in that offending country? It makes no fiscal sense whatsoever. Especially when it is possible to work the laws to divest yourself of insane tax requirements for doing business elsewhere in the world.
That’s exactly what Burger King (owned in a very large part by a Brazilian) did. (And I have a major issue with Burger King’s rainbow whoppers, but that’s beside the point here.)
Meanwhile, Forbes reported three days ago on the prospective merger and said:
Burger King’s majority owner, the Brazilian private-equity firm 3G Capital, would hold the majority of shares in the combined company, their statement said.
These Brazilians need to get patriotic and pay their absurdly high American tax rates.
See, Burger King’s majority owner, a Brazilian company, did what it took to get out of the outrageously high taxes the US put on it. That’s right. The United States has the industrialized world’s highest corporate tax, and is also the only nation in the industrialized world to force its outrageous taxes on business done in other countries.
Never mind Michelle Obama will never allow Burger King to sell its product in American schools, and would rather Burger King ceased to exist, the Loony Left are all up in arms about a business deciding it’s not a good idea to overpay their taxes.
DNW has been regaling us with the absurdity that is the Loony Left as represented by one John the Liberal, who runs American Liberal Times. Well, the clown who unfortunately shares my first name wrote an article blasting Voter ID (which is supported by a majority of each segment of each spectrum) and simultaneously calling for mandatory voting. I responded. I expected to get a message saying my comment is in moderation. I did not get that message. Instead, I got a response from the site that suggested my comment went directly into the spam filter. That response was a refreshing of the direct page without even the hint that I commented at all. Good job, DNW. Not only did you get yourself banned from the illogical, deceitful, dishonorable site, but you also got this site, which is based on Honor, banned from it. That does, indeed, show the depth of depravity, the complete inability to hear the truth, the total disregard for Honorable debate “John the Liberal” has.
Knowing there might be an issue with commenting there, I had the forethought to save what I wrote before hitting the submit button. And here it is.
You say “feel free to comment” when you actually mean “comment when and if your opinion matches my own completely off-balance opinion”. I know this to be the case because an author on my blog has attempted to enter into an intellectual and logical debate with you. What did he get in return? “La la la la la I can’t hear you.” And a “you’re not welcome” sign.
You’re not interested in the truth. While I do know Leftists who are, indeed, interested in honest debate; aphrael (the “married” homosexual Leftist at Patterico’s Pontifications) and Jeff (the Left-wing Jewish heterosexual who is down for the cause of homosexual “marriage” (something every true Christian is foursquare against) at Opinions Nobody Asked For) are two such examples, you, however are not in that crowd. I have strong respect for both aphrael and Jeff, despite their being wrong on just about every issue. They, at least, try to debate honestly. You should give it a try yourself.
The only thing that seems to happen is that the voter ID laws become ever increasingly demanding
Prove it. You won’t because you can’t. It’s just a sham you on the Left push in your efforts to make enforcement of eligibility requirements as difficult as possible. You need the fraudulent votes. You need the politicians’ lies. Without both, you lose lots of elections you’re currently winning.
You claim vote fraud is rare. The way you write suggests it’s virtually unheard of. The only reason it would be unheard of is due to the fact mainstream media works so hard to hide it. Vote fraud is hardly rare. I have personally compiled a small sampling of massive voter fraud and voter registration fraud. And it inevitably points to your side of the political spectrum. The side that has the absolute belief that there are no absolutes. (Talk about an intellectually and logically untenable position…)
While it is difficult to ascertain the depths of the vote fraud and voter registration fraud perpetrated by Democrats and Leftists, my proven documentation of Democrat officials engaging in both destroys your claims. As does the 120 percent voter registration in Indianapolis. 120 percent. When even 100 percent is statistically impossible without fraud. And the over 100 percent vote in Florida, used to unseat a black man from office because he didn’t toe the Democrat plantation line.
But your suggestion of making voting mandatory does two things I want to point out here.
1) It proves you on the Left are not at all about independence. You are not at all about individual freedom. You are about control of the people. You are fascist at the core. (That’s what mandatory voting is: Fascism. So, own it or be dishonorable and run from it.)
2) It proves you need the wholly uninformed to vote for your emotionalist scare arguments because, when it’s only the informed who vote, you lose cataclysmically. You cannot win when the people are truly informed and involved. It is impossible. Therefore, the more uninformed the people who vote, the better it is for your totalitarian side. This is proven by the results of “low voter turnout” votes. Those who “don’t get into politics”, in other words, those uninformed types, are more likely to not vote in low voter turnout elections. And low voter turnout elections tend to tilt far to the Right. Thus your need for the uninformed, uneducated, non-critical-thinking masses to be “forced” to vote.
Quite frankly, I would be happy if those who did not pay Federal taxes in the previous year or two were not permitted to vote on any issue that raised taxes on those who actually do pay taxes. Why should the leeches of society get to vote on how much they can leech off those who are forced to lend their arms for the blood-sucking? But my position would be clearly unconstitutional, so I do not advocate for it. Your position, which you are strongly advocating for, is equally unconstitutional.
But since when did the Constitution ever get in the way of you on the far Left?
Here, you can find other articles on this site that concerns voter fraud, voter registration fraud, and the like.
HT Bmore (Note: His link changes on a regular basis, so it won’t always show the graphs I have below.)
Take a look at these charts and tell me what correlations you found.
I suggest we amend the Second Amendment as follows: If your voting record is to the Left of The Crying Man* you are not permitted to own guns or knives or any sharp objects. What do you think? Do you think the lying liar# who “bought his way into Heaven” by lying and demagoguery would like the idea?
I know, I know. Correlation does not necessarily mean causation, but the Left are always misrepresenting correlations and declaring by fiat (not the decrepit car company) that their misrepresented correlations necessarily mean causation for their pet takeover desires.
That is a question someone used in a web search to find an article I wrote some time back: Moving From California To Texas? The person doing the search is likely a Toyota employee. The First Street Journal covered this breaking news quite well, and included multiple links to multiple articles written concerning the ongoing fiscal insanity that is everpresent and effervescent in Leftist state governments, contrasting with the growth-minded nature of Texas.
Other material that can be found on Truth Before Dishonor include:
There is more information to be had on this subject matter on this site, if one looks through all the economics-related articles. But to answer the question the internet searcher asked:
If you’re a Leftist voter, loving yourself some Leftism, stay in that shithole state you helped create. Don’t move to Texas, because you’ll only work to turn a successful state into the shithole state you fled. If you’re a Conservative voter, by all means, move to Texas and flee that shithole state the Leftist parasites created.
70,000 a year income will let you live a better life than 100,000 a year in the People’s Republic of Kalifornia. Texas’ Castle Doctrine will keep you safer. Jobs are more plentiful. But be ready for culture shock. Texans don’t like Big Brother/Nanny State.
This is a posting on an email type website called the “LAST RESISTANCE” This is the post, but go to this site since the List starting with “Push to legalize same-sex marriage” and all items following this have a LINK to the real story. This is just a list, but really not the whole posting. It is worth the time to look at that list and contents. And remember this on the disatorous State of the Splintering Union Address on Tuesday. Someone suggested a drinking game everytime BO Blames someone else for the disaster he is reigning (as a king) over. I responded that you would be dead in 15 minutes from alcohol poisoning. Someone else thought that it would only take 10 minutes. For safety’s sake, don’t do it. 🙂 But as much as BO’s talking point experts say how great things are. Just look at the fake Unemployment of the BLS U-3 Chart of 6.7%, a more realistic number is the BLS U-6 chart saying 13.1%, but my gut says it’s higher than that. People participating in employment is shrinking. There are loads of websites showing a variety of stories saying 6.7% to much higher. But it’s a sales job from the country’s perma-liar.
Was Obama’s Real Job to Destroy America’s Moral & Ethical Foundations?
Posted By Dave Jolly on Jan 24, 2014
It should be obvious to everyone that Barack Hussein Obama’s sudden rise to power had to be orchestrated by some very powerful and wealthy people. We can speculate who some of them are, but needless to say, Obama was not capable of pulling off political victories on his own.
So what was the purpose behind Obama’s push to power? What was his real job that his puppet masters gave him?
After five years in office, I believe that the real job the power tycoons gave Obama was to destroy the moral and ethical values and foundations of America. Think about what Obama has done or is trying to do since taking office:
Push to legalize same-sex marriage
Allowed homosexuals in the military
Supports the legalization of marijuana
Destroying religious rights
Destroying family values
Destroying parental rights
Made racial tensions worse, not better
Destroying freedom of speech
Destroying and defying US Constitution
Destroying jobs
Trying to destroy right to bear firearms
Destroying powers of Congress by overriding them
Trying to destroy conservatives
Assumed presidency without proving eligibility
Aiding and abetting America’s enemies
Destroying right to life
Destroying economy
Weakening the military
Turned schools into brainwashing institutions
Amnesty to millions of illegal aliens
Can you list anything positive that Obama has done since taking office in January 2009? I can’t. So ask yourself what was the real task given him by his secret handlers?
The reason behind it is simple. Once the moral and ethical values of Americans had been destroyed, the hidden power tycoons could take complete control of the nation. And they’re getting very close to accomplishing their goal.
There should be some rejoicing about this news the way I see it. It is believe that a “Good” Congress is one that passes an enormous amout of laws. But as we have seen, each law passed favors one group at the expense of another. Look 111th Congress that passe a lot of Bills plus one misnamed the “Affordable Care Act” at roughly 2000 unread pages that spawned 8 FEET of paper printed regulations when stacked with more to come. Would that rate then a “Productive Congress”? A Do-Nothing Congress in my mind is a good Congress. No new laws restricting more things in our lives. But then again, the resident at 1600 PA Ave., NW, Washington, Disease, and permanent traveler and vacationers seems to think he can do, and has usurped some Congressional Power.
Poll: Most Americans Say U.S. Congress Has Done Nothing
December 26, 2013 by UPI – United Press International, Inc.
ATLANTA (UPI) — Nearly three-quarters of Americans say the current Congress has been highly ineffective, while two-thirds say it’s the worst in their lifetime, a poll says.
Some 73 percent of those surveyed said current federal lawmakers had done nothing to fix the country’s problems, said the CNN/ORC International poll released Thursday.
One in four people disagreed with that assessment.
“That sentiment exists among all demographic and political subgroups. Men, women, rich, poor, young, old — all think this year’s Congress has been the worst they can remember,” said Keating Holland, CNN’s polling director.
The poll also found Americans were not hopeful Congress would change for the better, Holland said.
Some 52 percent said Democratic leaders were leading the country the wrong way, while 54 percent believed the same thing about Republican leadership.
Fewer than 60 bills were passed in the first year of the current session of Congress, an analysis by CNN found.
Some 1,035 adults around the United States were interviewed for the survey, which was conducted Dec. 16-19 by ORC International. The margin of error was 3 percentage points.
I’m reprinting an article I wrote 13 months ago. An article I wrote 13 months ago, I’m reprinting. An article that doesn’t even get into the most recent huge schadenfreudig spreading through the sane world. But an article I find especially prescient, given the Obama administration’s desperate efforts to prevent ObamaCare’s huge pains from actually hitting just yet…
___________________________________________
A dark cloud follows him wherever he goes.
Every cloud has a silver lining.
Farmers obviously need rain for their crops, so there are some who resort to cloud seeding, adding silver iodide to the clouds to try to force rain out of them. But it’s a bad idea to seed a thunderstorm cloud. Cumulonimbus clouds can produce nasty things like hail storms, massive lightning storms, micro-bursts, tornadoes.
And of course, there are those who always bring bad luck with them, like Bad Luck Schleprock, our current President.
So, today I am telling you about the seeding of a 3,000 mile wide thunderstorm cloud hanging over the US — and the silver lining that comes with it. It’s painfully schadenfreudig. Painfully schadenfreudig, indeed. (Multiple stacked redundancy intentional.) Barack Obama and the Democrats, very cynically aware that their grand scheme to shove the US headlong into Socialism could cause them to fall out of power, set up a series of Laws and programs that would save most of the very bad results until after the 2012 election. After having blamed Bush for all the Democrat-and-Socialist caused travails, they would have a way of avoiding responsibility for the looming mega-disaster. It works like this:
Set up a Socialist system with all the false positives front-loaded and all the negatives back-loaded.
Get possibly voted out of office before the negatives hit, so the Socialist-caused negatives would hit when Conservatives were in office.
Blame the Conservatives in office for the economic disaster the Socialists caused.
Get the Socialists re-elected to complete the evil transformation of the Free Market US into a Socialist state, with the Conservatives forever blemished by the results of Socialist actions.
But a strange thing happened along the way. The Socialists got re-elected by a completely ignorant, envious, slothful, free hand-out seeking crowd. And all the back-loaded disasters will hit while the Socialists are in power. (By the way, did you know that tornadoes are also backloaded? They are on the back end of cumulonimbus clouds, and not up front.)
ObamaCare is one such program. As most of it is set to kick in now that the election is over, total disaster is on the horizon. Businesses, who cannot pay the cost of ObamaCare and stay afloat at the same time, will be laying off massive numbers of workers nationwide. Other businesses will be cutting their low-level employees (the working poor) to under 30 hours a week so those businesses can stay in business. Very little expansion will be happening, if any at all. It’ll be full-on contraction.
A nice little poisonberry in ObamaCare — that “make health care cheaper for all” lie — is a 2.3 percent excise tax on all medical devices, such as crutches, wheelchairs, heart stents, etc, etc. And an excise tax is far worse than a profit tax or income tax. It hits the gross revenue and not the after-expenses cost. For example, suppose it costs a business 5,000 dollars for the raw materials to make a single product. Add in the labor costs, the health insurance costs, the retirement costs, the social security tax, the medicare tax, the property tax for the building itself, the electricity cost, the property insurance cost, the transportation cost, the bookkeeping cost, and all other costs associated with getting the already developed product to market and the final cost to the business is 6,800 dollars. The business sells the product for 7,000 dollars because that’s what the market will bear. The business gets a profit of 200 dollars per sale.
In comes the 2.3 percent excise tax. Another 161 dollars off the top. The new profit for the 7,000 dollar item falls from 200 dollars to a whopping 39 dollars (an effective tax rate of 80.5 percent of the profit). Not enough to make the company a going concern. Kill the Research and Development department of the company — the life-blood of all businesses that want to survive, for if a business is not growing and moving forward it is necessarily dying.
But it doesn’t stop there. No, not at all. That same company also has to pay the new, higher costs involved in providing ObamaCare to all its employees (instead of the less expensive insurance plans which were optional, which fair portions of employees did not opt into). That 39 dollars per product, which used to be 200 dollars per product goes negative. It costs more to produce than it can be sold for.
But, again, it doesn’t stop there. Obama’s declaration that electricity costs must necessarily skyrocket and he’ll bankrupt coal-fired electric plants necessarily means the energy-intensive manufacturing industry will get hit hard with skyrocketing overhead costs. Costs that cannot be reduced merely by laying people off. So instead, the companies will shutter its doors and either go off-shore or cease to exist, providing a double-whammy of forcing the products to become far more expensive than they are now and far more difficult to obtain.
Small businesses will collapse. The middle class will become working poor. The working poor will become the unemployable destitute. Products the middle class used to be able to afford will become luxury items. Items that were luxuries for the working poor will become nothing but unreachable pipe-dreams. Inflation will go into hyper-drive. Interest rates will climb, making the cost of borrowing prohibitive. And deficit spending, which has been kept artificially low (yeah, I said it), will explode.
How is 1.2 trillion dollars (or more) in deficit spending “artificially low”? That’s a good question. And I have a good answer for that. Two words: “debt” and “service”. Debt service.
Historical view of the Prime Rate from Forecast Chart.com (8 percent line added).
Above is a chart showing the historic levels for the Prime Rate, from Forecast Chart.com. I added a red line at 8 percent for reference. Below is a chart showing the historic levels for the Discount Rate, from a 2009 article on Apin Talisayon’s Weblog (data obtained from the Financial Forecast Center). I added a red line at 6 percent for reference.
US Discount Rate From 1950 as found on Apin Talisayon’s Weblog (6 percent red line added).
From Apin Talisayon:
As I said, central banks had recently been dropping interest rates, and so we cannot use the abnormally low prevailing interest rates (0.5%). I plotted the historical data of discount rates set by the US Federal Reserve since January 1950 from the Financial Forecast Center[.]
As you can see in the above two charts, the Prime Rate and the Discount Rate differ in levels, but mirror each other. And they’re not only at historic lows; they’re far below historic norms. That means the future necessarily will provide much higher rates on borrowing than today. And the Federal Government’s debt service costs absolutely must skyrocket. Couple that with the US credit rating crumbling — and will continue to crumble — and the interest on the debt will become astronomical. Even a fairly normal rate of 6 percent with our current 16,000,000,000,000 dollar deficit means 960 BILLION DOLLARS in interest payments alone. By 2015, our national debt will be 20 TRILLION DOLLARS and the interest on that debt will be 1.2 TRILLION DOLLARS. That’s before paying for roads, bridges, high speed trains to nowhere, free birth control pills for Sandra Fluck (phonetic spelling), free abortion pills for Sandra Fluck (phonetic spelling), free ObamaPhones, free health care, free foodstamps, free college tuition, free housing for the poor and forever pregnant single mothers, free Big Bird, free NPR propaganda, bailing out California, Illinois, Maryland, New York, free cowboy poetry, and oh yeah, paying for our national defense.
1.2 TRILLION DOLLARS SPENT TO PAY FOR ALREADY SPENT MONEY WE DIDN’T HAVE BEFORE PAYING FOR ANY CURRENT PROGRAMS AND EXPENSES!!!
The Socialist who ascended the throne in DC, along with the Socialists in the US Senate who have adamantly refused to produce a Federal Budget since April, 2009, in direct violation of Federal Law and the US Constitution, have successfully Cloward-Pivened the most prosperous nation in the history of the world. The most prosperous nation this world has ever seen has been successfully brought to financial ruin by the Leftists in power who have no use for a document that is “over 100 years old”. The aim? Destroy the Free Market and implement Socialism worldwide.
The silver lining? Conservatives have not been responsible for any of it. Conservatives have not been in charge for any of it. I know, little solace for the loss of a once great and mighty and FREE nation. Will there be anything left to save by 2016? And will there be any conceivable way to save it and return to prosperity from the Abyss of Destitution Obama and the Socialist Democrats have created? Or will it already be too late? I, for one, am not looking forward to the disaster these next 10 years will provide us. (UPDATE: Nice Deb performed her Karnac impression and answered my questions before seeing them. Go to her site to read her answers.)
Senate’s nuclear option vote blows up defense policy bill
By Tim Mak
Published November 21, 2013
The Senate’s decision to invoke the “nuclear option” and limit Republican opportunities to use the filibuster had the side-effect of blowing up work on the annual Pentagon policy legislation the body was considering Thursday.
Senators debated the defense bill into the evening on Wednesday, but the work came to an abrupt halt Thursday morning when Democrats moved to change the rules of the Senate.
The move puts into doubt the fate of the National Defense Authorization Act, the one piece of legislation that has been signed by the president for 51 consecutive years.
A man brutally murdered his own grandmother in 1980, got convicted, and went to prison. After getting out of prison, he once again went on to murder people. He set a building ablaze, then proceeded to lay in wait for the firefighters to arrive so he could murder them. I’m sure you’ve already heard a little about him. He’s the man in western New York that was on the news. But did you know he was already convicted of murder?
It’s already illegal for him to have in his possession the gun he used to murder the firefighters, because he’s a convicted violent felon. He already murdered before, using a hammer and not a gun. He murdered family. And did a stint in prison for it. But the Left, always looking for ways to prevent criminals from bearing full responsibility for their actions, let the violent murderer free to murder again. And the Left, always looking for ways to prevent criminals from bearing full responsibility for their actions, blamed guns for his next bunch of murders.
The solution is very easy to understand. The solution is also Biblical. Execute the murderer and that will serve as a deterrence. No murder, once executed, has ever gone on to murder another person. But a violent hammer murderer who murdered his own family member has gone on to murder other people outside his family after being released from prison.
It wasn’t the gun that murdered those firefighters. It was a convicted violent murderer who did. But the Left refuses to lay the blame at the convicted violent murderer’s feet. To do so would be to require adults to be responsible for their actions, and the Left is apparently incapable of the basic logic necessary to come to that conclusion.
No, they want to steal our Providence-given Second Amendment rights from us law-abiding citizens.
Make it illegal to carry a gun and only criminals will have guns.
Remember, when seconds count, the police are only minutes away.
A dark cloud follows him wherever he goes.
Every cloud has a silver lining.
Farmers obviously need rain for their crops, so there are some who resort to cloud seeding, adding silver iodide to the clouds to try to force rain out of them. But it’s a bad idea to seed a thunderstorm cloud. Cumulonimbus clouds can produce nasty things like hail storms, massive lightning storms, micro-bursts, tornadoes.
And of course, there are those who always bring bad luck with them, like Bad Luck Schleprock, our current President.
So, today I am telling you about the seeding of a 3,000 mile wide thunderstorm cloud hanging over the US — and the silver lining that comes with it. It’s painfully schadenfreudig. Painfully schadenfreudig, indeed. (Multiple stacked redundancy intentional.) Barack Obama and the Democrats, very cynically aware that their grand scheme to shove the US headlong into Socialism could cause them to fall out of power, set up a series of Laws and programs that would save most of the very bad results until after the 2012 election. After having blamed Bush for all the Democrat-and-Socialist caused travails, they would have a way of avoiding responsibility for the looming mega-disaster. It works like this:
Set up a Socialist system with all the false positives front-loaded and all the negatives back-loaded.
Get possibly voted out of office before the negatives hit, so the Socialist-caused negatives would hit when Conservatives were in office.
Blame the Conservatives in office for the economic disaster the Socialists caused.
Get the Socialists re-elected to complete the evil transformation of the Free Market US into a Socialist state, with the Conservatives forever blemished by the results of Socialist actions.
But a strange thing happened along the way. The Socialists got re-elected by a completely ignorant, envious, slothful, free hand-out seeking crowd. And all the back-loaded disasters will hit while the Socialists are in power. (By the way, did you know that tornadoes are also backloaded? They are on the back end of cumulonimbus clouds, and not up front.)
ObamaCare is one such program. As most of it is set to kick in now that the election is over, total disaster is on the horizon. Businesses, who cannot pay the cost of ObamaCare and stay afloat at the same time, will be laying off massive numbers of workers nationwide. Other businesses will be cutting their low-level employees (the working poor) to under 30 hours a week so those businesses can stay in business. Very little expansion will be happening, if any at all. It’ll be full-on contraction.
A nice little poisonberry in ObamaCare — that “make health care cheaper for all” lie — is a 2.3 percent excise tax on all medical devices, such as crutches, wheelchairs, heart stents, etc, etc. And an excise tax is far worse than a profit tax or income tax. It hits the gross revenue and not the after-expenses cost. For example, suppose it costs a business 5,000 dollars for the raw materials to make a single product. Add in the labor costs, the health insurance costs, the retirement costs, the social security tax, the medicare tax, the property tax for the building itself, the electricity cost, the property insurance cost, the transportation cost, the bookkeeping cost, and all other costs associated with getting the already developed product to market and the final cost to the business is 6,800 dollars. The business sells the product for 7,000 dollars because that’s what the market will bear. The business gets a profit of 200 dollars per sale.
In comes the 2.3 percent excise tax. Another 161 dollars off the top. The new profit for the 7,000 dollar item falls from 200 dollars to a whopping 39 dollars (an effective tax rate of 80.5 percent of the profit). Not enough to make the company a going concern. Kill the Research and Development department of the company — the life-blood of all businesses that want to survive, for if a business is not growing and moving forward it is necessarily dying.
But it doesn’t stop there. No, not at all. That same company also has to pay the new, higher costs involved in providing ObamaCare to all its employees (instead of the less expensive insurance plans which were optional, which fair portions of employees did not opt into). That 39 dollars per product, which used to be 200 dollars per product goes negative. It costs more to produce than it can be sold for.
But, again, it doesn’t stop there. Obama’s declaration that electricity costs must necessarily skyrocket and he’ll bankrupt coal-fired electric plants necessarily means the energy-intensive manufacturing industry will get hit hard with skyrocketing overhead costs. Costs that cannot be reduced merely by laying people off. So instead, the companies will shutter its doors and either go off-shore or cease to exist, providing a double-whammy of forcing the products to become far more expensive than they are now and far more difficult to obtain.
Small businesses will collapse. The middle class will become working poor. The working poor will become the unemployable destitute. Products the middle class used to be able to afford will become luxury items. Items that were luxuries for the working poor will become nothing but unreachable pipe-dreams. Inflation will go into hyper-drive. Interest rates will climb, making the cost of borrowing prohibitive. And deficit spending, which has been kept artificially low (yeah, I said it), will explode.
How is 1.2 trillion dollars (or more) in deficit spending “artificially low”? That’s a good question. And I have a good answer for that. Two words: “debt” and “service”. Debt service.
Historical view of the Prime Rate from Forecast Chart.com (8 percent line added).
Above is a chart showing the historic levels for the Prime Rate, from Forecast Chart.com. I added a red line at 8 percent for reference. Below is a chart showing the historic levels for the Discount Rate, from a 2009 article on Apin Talisayon’s Weblog (data obtained from the Financial Forecast Center). I added a red line at 6 percent for reference.
US Discount Rate From 1950 as found on Apin Talisayon’s Weblog (6 percent red line added).
From Apin Talisayon:
As I said, central banks had recently been dropping interest rates, and so we cannot use the abnormally low prevailing interest rates (0.5%). I plotted the historical data of discount rates set by the US Federal Reserve since January 1950 from the Financial Forecast Center[.]
As you can see in the above two charts, the Prime Rate and the Discount Rate differ in levels, but mirror each other. And they’re not only at historic lows; they’re far below historic norms. That means the future necessarily will provide much higher rates on borrowing than today. And the Federal Government’s debt service costs absolutely must skyrocket. Couple that with the US credit rating crumbling — and will continue to crumble — and the interest on the debt will become astronomical. Even a fairly normal rate of 6 percent with our current 16,000,000,000,000 dollar deficit means 960 BILLION DOLLARS in interest payments alone. By 2015, our national debt will be 20 TRILLION DOLLARS and the interest on that debt will be 1.2 TRILLION DOLLARS. That’s before paying for roads, bridges, high speed trains to nowhere, free birth control pills for Sandra Fluck (phonetic spelling), free abortion pills for Sandra Fluck (phonetic spelling), free ObamaPhones, free health care, free foodstamps, free college tuition, free housing for the poor and forever pregnant single mothers, free Big Bird, free NPR propaganda, bailing out California, Illinois, Maryland, New York, free cowboy poetry, and oh yeah, paying for our national defense.
1.2 TRILLION DOLLARS SPENT TO PAY FOR ALREADY SPENT MONEY WE DIDN’T HAVE BEFORE PAYING FOR ANY CURRENT PROGRAMS AND EXPENSES!!!
The Socialist who ascended the throne in DC, along with the Socialists in the US Senate who have adamantly refused to produce a Federal Budget since April, 2009, in direct violation of Federal Law and the US Constitution, have successfully Cloward-Pivened the most prosperous nation in the history of the world. The most prosperous nation this world has ever seen has been successfully brought to financial ruin by the Leftists in power who have no use for a document that is “over 100 years old”. The aim? Destroy the Free Market and implement Socialism worldwide.
The silver lining? Conservatives have not been responsible for any of it. Conservatives have not been in charge for any of it. I know, little solace for the loss of a once great and mighty and FREE nation. Will there be anything left to save by 2016? And will there be any conceivable way to save it and return to prosperity from the Abyss of Destitution Obama and the Socialist Democrats have created? Or will it already be too late? I, for one, am not looking forward to the disaster these next 10 years will provide us. (UPDATE: Nice Deb performed her Karnac impression and answered my questions before seeing them. Go to her site to read her answers.)
The governor of California is jogging with his dog along a nature trail. A coyote jumps out and attacks the governor’s dog, then bites the governor. The governor starts to intervene, but reflects upon the movie Bambi and then realizes he should stop because the coyote is only doing what is natural.
He calls animal control. Animal control captures the coyote and bills the state $200 for testing it for diseases and $500 for relocating it. He calls a veterinarian. The vet collects the dead dog and bills the state $200 for testing it for diseases. The governor goes to the hospital and spends $3,500 getting checked for diseases from the coyote and getting his bite wound bandaged.
The running trail gets shut down for six months while the California Fish and Game Department conducts a $100,000 survey to make sure the area is now free of dangerous animals. The governor spends $50,000 in state funds implementing a ‘coyote awareness program’ for residents of the area. The Legislature spends $2 million to study how to better treat rabies and how to permanently eradicate the disease throughout the world.
The governor’s security agent is fired for not stopping the attack. The state spends $150,000 to hire and train a new agent with additional special training, re: the nature of coyotes. People for the Ethical Treatment of Animals (PETA) protests the coyote’s relocation and files a $5 million suit against the state.
The governor of Texas is jogging with his dog along a nature trail. A coyote jumps out and tries to attack him and his dog. The governor shoots the coyote with his state-issued pistol and keeps jogging.
The governor spent 50 cents on a .380-caliber, hollow-point cartridge. Buzzards ate the dead coyote.
And that, my friends, is why California is broke and Texas is not.
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largess from the public treasury.
From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence:
From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to selfishness;
from selfishness to apathy;
from apathy to dependence;
from dependency back again into bondage.
–Dr Alexander Tytler, Scotsman, history professor at the University of Edinborough on The Fall of The Athenian Republic around the time of the birth of the US
Having reelected a Socialist who has vowed vengeance on us and to bypass Congress and maintained a Leftist Senate which has refused to obey the US Constitution and Federal Law by refusing to write a Budget since April 2009, here are a few things I see in our future:
1. Energy inflation and food inflation (two items left off the “official” inflation rate) will continue to far outstrip the inflation rate, as the Obama administration bankrupts electricity producers and rolling black-outs become commonplace in this land of plentiful natural resources we will not be permitted to use. The inflation rate itself will necessarily heat up heavily.
2. Businesses will continue to downsize due to the undue burdens of catastrophic regulations and taxes, reducing the number of employees and turning many full-time positions into part-time positions, causing the official unemployment numbers to climb and the real unemployment numbers to skyrocket.
3. The poverty rate and dependency rate will climb higher, as fewer people work and more people hold their hands out for “ObamaMoney”, causing even greater harm to those who are the producers. The US will further cannibalize itself.
4. The National Debt will continue to skyrocket and deficit spending will once again increase year-over-year instead of decreasing, causing two more reductions in US credit ratings. The Fed, which has caused the absolutely inevitable skyrocketing inflation rate, will no longer be able to keep interest rates artificially low. The interest rates will jump 7 to 15 points in the next 4 years, causing the US debt service portion of the (unwritten) Budget to explode.
5. Social Security, Medicare, Medicaid, Welfare expenses will reach half the (unwritten) Federal Budget, and beyond, as each work to bankrupt themselves and the US.
6. Religious Liberty will be curtailed as Government forces Christians to either fund that which is immoral or dissolve their outreach programs. Churches will learn they cannot preach on certain subjects without fear of criminal sanctions.
7. Freedom of Speech, Freedom of Assembly, Freedom to peaceably protest the Government will be restricted. Our Second Amendment rights will be severely cut. Our rights against illegal searches and seizures will be infringed upon. The Ninth and Tenth Amendments, largely ignored now, will be blatantly curtailed.
In short, the “shining beacon on the hill” that was the Freedom and Liberty the US provided the world will have its 50,000 watt light removed and replaced with a half-watt red decorative light. The US has spent the last 30 years slipping from apathy into dependence. We are now sinking from dependence back into bondage. And it will take great men and women of steely resolve and moral strength to wrest this once great nation out of the entropic hands of the Socialists and the Dependent Class. And that means fighting both the Democrat leadership and the Ruling Class Republican leadership. Tooth and nail.
Dana Pico
DNW
Foxfier
Hube
Yorkshire
Truth Before Dishonor 