About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Wednesday, April 16, 2014

Restoring A Bedrock Financial Foundation For America

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Now that income tax filing day has come & gone many people wonder where their tax dollars went.  The above table provides the breakdown detailing the allocation of federal revenue received in fiscal year 2013 & in so doing gives people a chance to see how they would reduce the annual budget deficit themselves – I'm sure Paul Ryan would appreciate the help. 
 
The fiscal year 2013 budget deficit was $680 billion dollars – it is portrayed on the above breakdown as $24.50 for every $100 paid in federal taxes (income, payroll, corporate, & excise).  See note @ bottom of breakdown.
 
What line items would you cut or would you raise taxes to reduce the $24.50 in borrowing costs for every $100 paid?  For those who choose the raising of taxes method please be aware that Professor Friedman liked to say that "to spend is to tax" meaning that in the case of borrowing it has to be repaid plus interest from tax revenue sooner or later.  By preferring to raise taxes to lower borrowing costs you are just deciding to tax sooner rather than later.
 
Also with regard to the interest line item - it is projected to double to 12% in the next ten years after interest rates return to more normal levels from the Fed's artificially manipulated interest rates of the past many years.  This projection provides a clear picture of the Fed giving up its independence to work as an agency of the Treasury.
 
My own method of deficit reduction has been listed on RTE several times over the years.  In summary, there are four points that will bring America's financial house in order & accordingly will restore the prosperity that has been cruelly ripped from us by BO - 1) repeal ObamaCare & implement a premium support plan for Medicare based on Ryan's initial proposal that turns the cost curve down for generations to come while preserving current programs for people 55 & over, 2) follow Susan Lee's solution for controlling Social Security's growth by reducing the initial benefit for people under 55 so that the initial benefit is calculated based on the CPI rate instead of the wage rate as it is now, 3) begin Ken Blackwell's "cut, cap, & balance" plan that cuts projected borrowing in half next year (not 10 years from now) & caps spending @ 18% of GDP (it has averaged over 22% since 2009), & 4) enact the FairTax.
 
Now it is obvious that none of the above points will be done until after the 2016 presidential election, if then.  But the midterm election gives us a chance to elect congressmen & senators who we can work with to build a financial foundation for America & start a change in mindset that embraces such measures.  If this takes hold we may even have a chance to defeat the statists in 2016.  The solutions are there – all we need are the will & sense to follow through.
 
In the meantime click on Tax Freedom Day to see how to determine the date the nation as a whole has earned enough money to pay its tax bill (federal, state, & local) for the year.  Tax Freedom Day in 2014 is April 21 meaning that the average American draws the first dollar he could use for himself on April 22; when you add the effects of federal borrowing the date becomes May 6.  The link also shows how the FairTax will reduce these days to something more manageable – my target is 12:01 AM on January 1 of each year.
 

Friday, April 11, 2014

Ken Blackwell's Solution To Democrat's Give-Away Programs

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When I looked @ the above left bar graph the first thing that jumped out @ me was the reminder that ObamaCare does not pertain to people over 64 years old – people 65 & older are covered by another government subsidized program - Medicare.  I thought this gives ObamaCare a chance to succeed @ least demographically because not including seniors 65 & older means that people well into their 80s & 90s – the ones most likely to spend more on healthcare the last two years of their lives than they spend during the rest of their lives combined – will not have their large healthcare expenses overwhelm the ObamaCare program. 
 
Now we all know that the problem with ObamaCare is not with the statistics that are in its favor as mentioned above but rather that it continues the long overreach of government that interferes & intrudes into our lives & in the process by design robs us of our liberty & future prosperity all so that BO & a handful of elites in his inner circle gain more power & control over the wealth in America.  It is as clear as the nose on your face if you take the time to look for BO's real agenda.
 
Last week BO trotted out his April Fools Day message, appropriately with Biden in plain sight just about three feet behind him, that 7.1 million people (updated by Sebelius on April 10 to 7.5 million) had signed up for ObamaCare by the original open enrollment deadline of March 31 thereby exceeding the original target of 7 million sign ups by March 31 – see top right graph.  Of course how valid & just what these numbers mean must be determined.  The question is what have these people signed up for?  The Republicans will have an issue if the premiums & deductibles are very high or out of reach for most people, & there is a lack of access to preferred doctors & hospitals that is as terrible as has been documented on RTE - otherwise ObamaCare is a winner for Democrats.
 
BTW, as a refresher from a post on RTE from September 30, 2007 – "A good percentage of the current push for universal healthcare comes from the notion that we have 47 million people in America who don't have healthcare insurance. The Kaiser Family Foundation, a left leaning non-profit frequently quoted by the media, puts the number of uninsured Americans who do not qualify for current government programs and make less than $50,000 a year between 13.9 million and 8.2 million. Ten million of the remaining approximate 36 million are not U.S. citizens @ all (they predominantly use the very costly emergency room treatments @ our expense for free medical care), 8.3 million uninsured people make between $50,000 and $74,999 per year, 8.74 million make more than $75,000 a year, & 9 million did, in fact, have health coverage through Medicare. So out of the so-called 47 million uninsured Americans, 10 million aren't American, 9 million are insured, & 17 million are young and healthy & choose not to have insurance. If the federal government wants to get into this why not just have a program to help the 8.2 million to 13.9 million people who really could use the help?"
 
Republicans are counting on the destructive features of ObamaCare to win the day for them in November so that they hold the House & take control of the Senate.  But BO continues to counter by extending the dates through executive orders of the worst features of ObamaCare past the mid-term election – & many Americans are so disengaged that they will not understand what is happening until it affects them personally – I know one person who had never heard of ObamaCare until recently.  BO postponed the employer mandate until January 1, 2015 – this will also put off employers' incentive to cancel healthcare insurance coverage – such cancellations will put tens of millions on the healthcare exchanges which is why the employer mandate was postponed to begin with.  This particular delay will also mask the inevitable higher healthcare insurance premiums for 2015 until after the election's extremely high stakes.
 
BO & the Democrats are not just delaying compliance dates with ObamaCare waiting for Republicans to take pot shots.  They also are revving up the most despicable program imaginable pandering to core base voters with their so-called fairness agenda. 
 
In this regard, on April 7, the Democrat controlled Senate voted 59 to 38 for a five month restoration of unemployment benefits retroactive to December 28 for the long term unemployed – six Republicans [Ayotte (NH), Collins (ME), Heller (NV), Kirk (IL), Murkowski (AK), & Portman (OH)] joined every Democrat who voted [not voting Landrieu (LA) & McCaskill (MO)] for this bill which undoes another portion of the two year budget agreement made in December between Ryan & Murray. 
 
The Senate also plans to push another populist winner of equal pay for women [April 8 was designated Equal Pay Day & on April 9 the Paycheck Fairness Act failed a procedural vote when all Republicans & Independent King of ME voted against the measure – Coburn (OK), Cornyn (TX), & Cruz (TX) did not vote] & increases in the minimum wage to $10.10 an hour along with every other destructive equality of outcome idea they can think of.
 
On April 10 the Republican House passed the Ryan budget for fiscal year 2015 (starting October 2014) by the barest of margins (219 to 205) thereby providing fodder for Democrats to claim Republicans have a lack of compassion for people as well as alienation for citizens like you & me who know the Ryan budget includes the farfetched repeal of ObamaCare while incorporating budget savings of $700 billion in Medicare & $1 trillion in revenues generated under ObamaCare that are bogus – this is where we left off with Ryan as the failed VP candidate in 2012.
 
So with Democrats campaigning for every government give-away program known to politicians, is just going against ObamaCare going to be enough for Republicans to turn the tide? Click here to hear Ken Blackwell offer the best anti-statist solution that should have been followed all along.
 

Sunday, April 6, 2014

The Bill Of Rights Under Attack

Thanks to Anna Little for providing a copy of the Bill Of Rights annotated to show how seven of the Constitution's first ten amendments have been violated by attacks from enemies of America – both foreign & domestic.  It provides a good tutorial for you to see just where your basic freedoms under the Constitution are going & where we all are headed – if we continue to not have any interest or do not make the time to do something about it.
 
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