Everyone complains about America’s debt, and rightly so, but how do we get out of it? As Cato’s Michael Tanner explains, spending on entitlement programs — Social Security, Medicare and Medicaid — has exploded in recent decades. We must slow their growth or they will soon swallow the entire federal budget. In five minutes, learn how America can preserve these programs and get out of debt.
Econ 101
More Business Closings Than Start-Ups Under Barack Obama
The War on Work ~ Prager University (Michael Tanner)
The U.S. government has spent trillions of dollars in recent decades attempting to combat poverty, yet the poverty rate has remained virtually unmoved. Why? As social economist Michael Tanner explains, the “War on Poverty” has both discouraged work and ensnared people in hardship. The “War on Poverty,” it turns out, is actually a “War on Work.” In five minutes, learn the truth about government’s counterproductive efforts to eliminate poverty.
How Is Obama’s Economic Recession the Worst? Larry Elder Explains
Larry Elder weighs in with an older article from 2011: Economy: Reagan Gets No Credit, Obama Gets No Blame
(Below) The C.A.T.O. Institute has been proven correct in their warning!
Within Living Memory The U.S. Has Become An Entitlements Machine
Over the past 50 years, the purpose of the American government has radically transformed. Whereas its main goal in domestic matters used to be to protect liberty, it is now an entitlements machine, transferring over $2 trillion per year from some people’s pockets to others. Nicholas Eberstadt of the American Enterprise Institute explains how the explosions in social security, medicare, medicaid, and other welfare programs are changing the American character for the worse–from one that is focused on individual responsibility and giving, to one that is focused on grabbing as much of the pie as possible.
Marriage plays a big role in this equation, via American Thinker:
…Just this week, CNS news published an alarming fact: 86 million full-time, private-sector workers sustain 148 million benefit-takers. Specifically, “The 147,802,000 non-veteran benefit takers outnumbered the 86,429,000 full-time private sector workers 1.7 to 1.”
Today, according to the U.S. Census Bureau (see note below), poor children living in single-parent households constitute almost two thirds of all poor children (65 percent). That figure stands in stark contrast to the time before liberal social welfare policies went into effect in 1960, when only 25 percent of all poor children lived in single-parent households….
Three things one can do to stay out of poverty: 1) finish high school, 2) Get Married ([2.a] and stay married), and 3), go to church. These three factors are anti-poverty when practiced in unison.
Who’s the Fairest of Them All? The Laffer Curve Tells Us
(Video description) Should Taxes Be Higher? It’s the million dollar question! Up? Down? No change? Where in the world should taxes go? In election years, the question of tax rates fills the airwaves. In non-election years, the question of tax rates, again, fills the airwaves. So what’s the answer? UCLA Professor of Economics Tim Groseclose explains his research on the topic. Basically, there’s a certain point at which higher tax rates actually reduce the amount of revenue the government collects. What’s that point? When are tax rates too high? Learn a valuable lesson in economics, and public policy.
Video Description:
President Obama has declared that the standard by which all policies and policy outcomes are judged is fairness. This video explores what it means for our economic system and our economic results to be “fair.” Does it mean that everyone has a fair shot? Does it mean that everyone gets the same? Does it mean the government is supposed to play the role of Robin Hood, taking from the rich and giving to the poor? The surprising answer: Nations with free market systems that allow ALL people to get ahead are the fairest of them all.
Learn more in Who’s the Fairest of Them All? The Truth about Taxes, Opportunity, and Wealth in America by Stephen Moore:
http://www.encounterbooks.com/books/whos-the-fairest-of-them-all/
Are People Born Good? This View Animates Conservatism (PragerU)
This is one of two of the largest divides between the foundations of left/right philosophies.
(Video Description) In our universities, newspapers, and television shows, it is a given that external forces are the cause of crime. If not for poverty, murder and rape would be much lower. If not for racism, America’s inner cities would be far wealthier. So on and so on. At the core of this belief is that people are basically good, and it is society that makes them bad. This notion is simply not true. As Dennis Prager explains in this video, human nature is not basically good. It is not, though, basically bad. People are born more or less neutral. And it is incumbent upon parents, teachers, and yes, society, to turn children into good adults. It doesn’t happen on its own.
While Prager’s and my own theology differs a bit, ultimately the Judeo-Christian understanding of where we start is similar:
Read more on this topic at Gospel for Life.
This idea under-girds the philosophy of conservatism. In a section I added to the first chapter of my book, I note the strong underlying commitment in conservative philosophy (dare I say theology) by quoting Thomas Sowell, as found on my QUOTES page:
BONUS:
The above drives or animates conservatives, and causes us to ask fundamental questions that those on the left may ask in their household — but not in society [writ large]. It is why conservatism, while not the Gospel, will always be closer to reality in it’s cures and responses to man’s societal ills than any other viewpoint:
(Originally posted Oct 2013)
1) compared to what?
2) at what cost?
3) what hard-evidence do you have?
MODERN MAN’S MORES
Politics & The Modern Liberal Contradiction
Arbitrary Values / Relativism
A couple more recommended resources for a quick overview of this internal/foundational battle “for the soul” are as follows (the first being mine):
The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right and Left (video below)
Racism In Black and White ~ Bill Maher (+ Comedian Mike Birbiglia)
This is a gift via The Blaze:
The last comment in the above video reminded me of this stand up comedians routine:
“The Kronies” ~ Obama-Aged Action Figures
This comes via a hat-tip to MoonBattery, and the site for the figures is here: thekronies.com/
And at The Blaze you can find an interview with their creator. Here is the first video of the interview, but… before you watch it, one should familiarize themselves with what George Gilder said about a “static government,” and what Milton Friedman says about government monopolies:
“A fundamental principle of information theory is that you can’t guarantee outcomes… in order for an experiment to yield knowledge, it has to be able to fail. If you have guaranteed experiments, you have zero knowledge”
~ George Gilder, Interview by Dennis Prager
{Editors note: this is how the USSR ended up with warehouses FULL of “widgets” (things made that it could not use or people did not want) no one needed in the real world. This “insurers won’t be losing a lot of sleep over it” (see below) enforcers George Gilders contention that when government supports a venture from failing, no information is gained in knowing if the program actually works.}
Bernie `Socialist` Sanders debates Michele Bachmann on Economy (CNN)
Read more at Media’ite:
The Guarding confirms the statement of Michele Bachmann (implicitly) in the emboldened portion — GM is pulling out of Australia… Toyota probably following. Minimum wage increases adding pressures to business:
…GM Holden will cease producing cars in Australia from 2017, putting 2,900 employees out of work and Australia’s remaining car and components industry and its 45,000 workers in immediate danger.
“The decision to end manufacturing in Australia reflects the perfect storm of negative influences the automotive industry faces in the country, including the sustained strength of the Australian dollar, high cost of production, small domestic market and arguably the most competitive and fragmented auto market in the world,” GM Holden’s chairman, Dan Akerson, said.
In a statement from Detroit, Holden said “approximately 2,900 positions will be impacted over the next four years. This will comprise 1,600 from the Elizabeth vehicle manufacturing plant [in South Australia] and approximately 1,300 from Holden’s Victorian workforce…
Common Sense Questions Abaout Redistribution
This comes via Trib Live, and is by Donald J. Boudreaux who is a professor of economics and Getchell Chair at George Mason University in Fairfax. Here are his common sense questions:
- Do you teach your children to envy what other children have? Do you encourage your children to form gangs with their playmates to “redistribute” toys away from richer kids on the schoolyard toward kids not so rich? If not, what reason have you to suppose that envy and “redistribution” become acceptable when carried out on a large scale by government?
- Do you not worry that creating government power today to take from Smith and give to Jones — simply because Smith has more material wealth than Jones — might eventually be abused so that tomorrow, government takes from Jones and gives to Smith simply because Smith is more politically influential than Jones?
- Suppose that Jones chooses a career as a poet. Jones treasures the time he spends walking in the woods and strolling city streets in leisurely reflection; his reflections lead him to write poetry critical of capitalist materialism. Working as a poet, Jones earns $20,000 annually. Smith chooses a career as an emergency-room physician. She works an average of 60 hours weekly and seldom takes a vacation. Her annual salary is $400,000. Is this “distribution” of income unfair? Is Smith responsible for Jones’ relatively low salary? Does Smith owe Jones money? If so, how much? And what is the formula you use to determine Smith’s debt to Jones?
- While Dr. Smith earns more money than does poet Jones, poet Jones earns more leisure than does Dr. Smith. Do you believe leisure has value to those who possess it? If so, are you disturbed by the inequality of leisure that separates leisure-rich Jones from leisure-poor Smith? Do you advocate policies to “redistribute” leisure from Jones to Smith — say, by forcing Jones to wash Smith’s dinner dishes or to chauffeur Smith to and from work? If not, why not?
- Surveys show that Americans in general are not as bothered by income inequality as are academics and media pundits. Are the many Americans who don’t suffer deep envy of others’ monetary incomes naïve? Do the professors and pundits who fret incessantly over income inequality know something that most Americans don’t? If so, what?
- You allege that great differences in incomes are psychologically harmful to poor people even if these poor people are, by historical standards, quite wealthy. So how do you explain the great demand of very poor immigrants to come to America — where these immigrants are relatively much poorer than they are in their native lands?
- Do you believe that someone to whom government gives, say, $100,000 year in and year out, simply because that person is a citizen of the country, feels as much psychological satisfaction as that person would feel if he learned a trade or a profession at which he earns an annual salary of, say, $80,000?
- Would you prefer to live in a society in which everyone’s annual income is $50,000 or in a society with an average annual income of $75,000 but in which annual incomes range from $10,000 to $1 million? And regardless of the choice you would make, do you think others who choose differently are in error?
Another Bailout Around the Corner ~ `The Hammer` Was Right!
Via Gateway Pundit:
This come via the Weekly Standard, but note that Charles “the Hammer” Krauthammer predicted this at the end of last year:
Here, US-RUSSIA talks about some of the key differences between the Russia of today and the USSR of yesteryear: …But what Russia does not suffer from is what the Soviet Union suffered from: massive economic distortion through state subsidies and outright fiat. The Soviet Union’s policy to contain inflation was not to raise interest rates or limit bank lending but to make inflation illegal. Inflation was banned and prices on a host of important goods were frozen (consumers, of course, paid the increased cost through ever-more-pervasive shortages). The Soviet treatment of unemployment was similar. The Soviet Union sought to lower unemployment not through tax credits or through loose monetary policy but by making unemployment a crime and forcing enterprises to boost their payrolls. Stories abound of Soviet grocery stores that had four different ticketing systems and ten different cashiers. This sort of inefficiency wasn’t some mysterious manifestation of eastern barbarism, it was an entirely predictable result of Soviet economic policy… The question is, what is the healthiest direction/pulse of the nation to go? Making market “realities” a fiction, and artificially insulated from what the public wants… thus increasing the government’s involvement (increasing it’s growth and stripping away freedoms in order to artificially prop-up parts of the market) in our personal lives and restricting of choices? Or a free’er market which increases our freedoms and allows products and reforms to be MOST affected and guided by the people? One last point, the most important. Unlike big business when it makes mistakes, big government cannot go out of business. Unlike corrupt government, corrupt business cannot print money and thereby devalue a nation’s currency. Businesses cannot coerce you by force (tax liens, garnishing of wages, or armed IRS officials, etc) into an action. So the “greed” of the corporation pales in comparison to the greed of government.[6] Which is why our Founders stated that, “The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government” (Patrick Henry); “Government is not reason; it is not eloquence. It is force. And force, like fire, is a dangerous servant and a fearful master” (George Washington). (Read More)