One thing that irked me during the US presidential debates (there were many things, but this stood out) was the continued claim by the President that Mitt Romney was proposing a $5 trillion tax cut, which would simply drive up our debt to astronomical proportions. This claim should be absurd on its face for a few simple reasons if you actually stop to think about it. Continue reading
Saw this lovely video posted on Drudge today and felt the need to share:
If that isn’t alarming in a society that now has over $16 trillion in debt (over $6 trillion accrued in the last four years alone), then I don’t know what is. It is certainly anecdotal, but also suggestive. One quote that was featured in the YouTube user comments was quite appropriate (though its attribution to Alexis de Tocqueville was probably incorrect):
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy….”
We are out of control.
Condoleezza Rice spoke at the Republican National Convention tonight, and one statement really resonated with me: “…kids – most often minorities -- are trapped in failing neighborhood schools. This is the civil rights struggle of our day.“ The civil rights struggle of our day. If you don’t believe this to be true, I would invite you to think about it for a moment. In fact, I would contend that K-12 education holds the keys to not only greater racial parity but income mobility in general (which is such a hot topic of late). Continue reading
The NY Times Dealbook reported that “A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.” There has been a lot of angst over Wall Street managers not being prosecuted for losses a few years back, but that is understandable for one reason: being stupid isn’t illegal. Most of those guys didn’t violate any laws technically, and caused destruction by being cavalier and myopic. The MF Global collapse of 2011, though, was no such lapse. This was a case of brazen fraud and theft, and it’s apparently going to go without punishment. Continue reading
The recent claims by Harry Reid regarding Mitt Romney’s tax history is one of the strangest and dirtiest smear campaigns to have occurred in recent years. The claims by Reid make absolutely no sense on their face, and exhibit his complete disregard for truth or integrity. Using the simplest of logic, one determine the chances of these claims to be true to be incredibly remote. Continue reading
A study was recently released by Ernst and Young regarding the impact of the proposed upcoming tax increases to those who earn $250k+. The release of this study has been painted a number of ways by reporters and politicians, with slants that depend on their personal views. As far as I can tell, all those slants are wrong. Continue reading
Politics in this era is so much about appearances and red herrings, and so little about common sense. Two stories that have significant buzz today are as follow:
- Romney tour bus honks while driving past people waiting to enter an Obama event.
- Obama walked out on a tab at a restaurant.
With all the issues that confront our country and what is at stake, my questions is “what does this have to do with anything?” Continue reading
One recent issue that is of definite interest to me is the Catholic Church’s lawsuits filed against the government. I am not Catholic and I certainly advocate the usage of contraception in a great many situations (and certainly any that I am involved in). However, the power that the executive branch is asserting (i.e. the ability to define what is religious enough to be religion and the ability to compel in non-critical situations against an individual’s conscience) is very alarming to me.
Let’s take a quick look at some of the logic that has been expressed in the HHS / Catholic Church fight over mandated contraceptive coverage: Continue reading
A word on statistics and polling:
One oft-expressed concept on news television with regards to polling is the statistical tie. “The poll shows candidate X at 47% and candidate Y is at 44%. With a +/- 4% margin of error, this means they are essentially tied.” No it doesn’t. Continue reading