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Economics & Taxes Archives

Episode 51: Now Who Could Have Anticipated That?

This episode features a series of “shocking” revelations, that really shouldn’t be shocking at all.

The liberal magazine The Nation, after getting after other businesses to raise their pay, is finally going to pay their own interns the federal minimum wage. That’s great, right? More money into the economy? Except that they’re now going to hire fewer interns. Now who could have anticipated that?

A Daily Kos writer is peeved that she’ll have to pay huge premiums for a high deductible health insurance plan, thanks to ObamaCare(tm). Now who could have anticipated that?

The NSA, contrary to their own previous statements and those of the President, is actually collecting even more information on us than previously understood. Now who could…oh, you know the drill.

Mentioned links:

Liberal Mag Inadvertantly Proves Conservatives Right On Minimum Wage While Attacking Walmart

Argus Hamilton

Another rube wakes up

Lawmakers Probe Willful Abuses of Power by NSA Analysts

Episode 44, The One-Year Anniversary: What Edward Snowden’s Revelations Really Reveal About Government

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I’m at half a hundred episodes with this one. Another big milestone.

The lawmakers who passed the bill and the unions who promoted the bill all want exemptions from complying with the bill. “The bill”, of course, is ObamaCare(tm). But I thought that the more people who were a part of it, the better it would be for everyone! The fact that they want out of it should be telling.

Free-market capitalism, even for things like “essential services”, is working hard to make Detroit safe. And it’s working, even (and especially) for the poor. The profit motive works, for all of us.

Will same-sex marriage anywhere mean same-sex marriage everywhere? A judge’s decision in Ohio may allow for just that outcome.

Mentioned links:

IRS employee union: We don’t want Obamacare

Hill gets Obamacare fix

This is What Budget Cuts Have Done to Detroit … And It’s Freaking Awesome

Ohio Officials Ordered To Recognize Gay Couple’s Marriage

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The future?

The future?

Just one topic this time around. I tackle the Detroit bankruptcy and what is has to say about political policies in other cities, in the US, and, actually, any country around the world.

Detroit, Michigan, formerly the auto-making capital of the US, if not the world, filed for chapter 9 bankruptcy protection on July 18th, becoming the current capital of big cities going under in the US. What brought Detroit under water is not really debatable; declining income and spending beyond its means. What is being debated are the causes of the two.

On the spending side, I think it’s no coincidence that the city has had essentially one party rule for the past 51 years. No surprise that the party in question is the Democratic Party. Rather than cutting spending, Detroit ignored the common sense lesson of living within your means, embrace the Paul Krugman idea that austerity kills, and died anyway, spending like there was no tomorrow. Well, there is a tomorrow, and it’s here.

The sooner the voters of this nation come to terms with this, the better off we will all be. It may not sound, to the untrained ear, to be very caring, or fair, or socially just. But Detroit has a 47% illiteracy rate. 60% of its children are living in poverty. Its crime rate is 5 times the national average. The murder rate is 11 times higher than New York City. Is it caring, or fair, or socially just, to pursue policies that led to that?

Mentioned links:

Detroit goes broke

Obama to Detroit: Drop Dead

25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head

Detroit’s foreseeable bankruptcy: Coming to a nation near you?

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How could conservative groups be targeted for unfair treatment at the Environmental Protection Agency? I couldn’t quite understand that when I first heard of it, but indeed the EPA was able to do just that.

Liberals have been lifted by the news that groups with the words “progressive” or “occupy” were also targeted at the IRS. However, the level of scrutiny they received was an order of magnitude easier than it was for conservative groups. Listen in to see…er…hear the difference.

With all the scandals going on these days, the cable news networks have seen some changes in their viewership numbers. But for one network, that’s not good news. Care to guess which one?

Mentioned links:

TVTalk show for “Under the Dome”

EPA stonewalled records requests by Republican-led states

Twelve different IRS units nationwide targeted conservatives

‘Lookout List’ Not Much Broader Than Originally Thought, Contrary to Reports

TV Ratings: MSNBC Falls Below HLN in May, Rachel Maddow Hits Lows

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The root of the issue with IRS scandal is the size of government. Yes, this happens under any administration, because the government is too big, and things can go on without the proper people being aware of it. Yes, man is sinful and all Presidents fail in this respect, but a big government puts massive power, especially the power to destroy, in the hands of people who, just like you and me, are tempted by power. This is not a failure of the system; this is the system, and it’s out of control. The solution is not more money for a bigger IRS as some officials are asking for. The solution is smaller government.

I asked for examples of what I call “drive-by graphics” in the last episode. These are pictures that attempt a quick rebuttal of political or social issues that completely miss the point. They argue against something folks aren’t arguing for. Those that note that Republicans didn’t get as outraged with the many deaths at embassy attacks under Bush as they are under Obama was my example of that. That’s not the issue. Well, I have another example of a drive-by graphic, this time by conservatives.

I noticed that I’ve got another user review on iTunes! Thanks so much, “Circlemage”! You, too, can rate the show (1-5 stars) and, if you want, you can also leave a review. Gets my show higher up in the rankings, and can create a larger listener base for feedback. (Did I mention I love feedback?)

Mentioned links:

A Crisis of Authority: The deeper meaning of the Obama scandals.

Why Did Lois Lerner Take the Fifth?: Perhaps to protect herself from Obama.

REPORT: NO IRS WORKERS HAVE BEEN DISCIPLINED & UNION SAYS IT HASN’T BEEN CONTACTED ON PERSONNEL

IRS official who oversaw unit targeting Tea Party now heads ObamaCare office

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The New Yorker magazine said this recently about the Benghazi issue: ““For a long time, it seemed like the idea of a coverup was just a Republican obsession. But now there is something to it.” No, there was always something to it. It’s just now been demonstrated to the media. Those hearings that were supposedly a waste of time have had certain educational benefits, not the least of which was the allegedly independent and adversarial press that’s supposed to look into these things themselves.

But now, liberal pundits are trying to minimize the damage by painting opposition as purely partisan. They’ve come up with what I call “drive-by graphics” that draw totally unrelated parallels and ask why Republicans weren’t outraged over them. Apple, meet orange.

The IRS got caught giving extra scrutiny to conservative groups, from Tea Partiers to Billy Graham to pro-lifers. But the internal investigation was a sham, and, while the IRS has apologized, just try doing that to get out of your next audit.

And finally, I give a few thoughts worth considering about the Kermit Gosnell trial’s guilty verdicts.

Mentioned links:

The Damning Dozen: Twelve Revelations from the Benghazi Hearings

7 Things We Learned from the Benghazi Whistleblower Hearing

The IRS admits to ‘targeting’ conservative groups, but were they also ‘leaking’?

Inspector General finds a confused, mismanaged IRS

Last Year, Media Ridiculed Claims IRS Targeted Conservatives

IRS DEMANDED TEA PARTY READING LISTS, FACEBOOK POSTS

Tea Party Patriots, others still waiting for IRS tax-exempt decision

IRS APOLOGIZES FOR TARGETING TEA PARTY GROUPS

CLAIM: OBAMA CAMPAIGN CO-CHAIR ATTACKED ROMNEY WITH LEAKED IRS DOCS

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The housing bubble, anyone remember it? That’s when people who would not have otherwise been able to get credit to buy a house were given it anyway because the government pressured banks to do it. Everybody gets a home, and if you’re against this policy, you clearly hate the poor. Then the bubble burst, defaults were rampant, the economy tanked, and more government programs had to be thought up to save us from the previous government programs. So what does Obama want to do now?

Conservatives who made the case that polygamy would follow same-sex marriage used to be ridiculed. Now, it’s liberals making the case. Question: Do you think that same-sex marriage won’t lead to legalized polygamy? If so, I’d like to hear from you, but you’ve got your work cut out for you.

Mentioned links:

Obama administration pushes banks to make home loans to people with weaker credit

Study: Government policy primarily the reason for sub-prime mortgage meltdown

Legalize Polygamy! No. I am not kidding.

Man Gets 7 Years for Stealing Obama’s Teleprompter

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The Supreme Court recently heard 2 cases related to same-sex “marriage”. Facebook lit up with picture of red “equal” signs with folks proclaiming their support of “marriage equality”. But is equality really what this is about? This episode asks you if you are for “driving equality”. I’m betting you aren’t, but not on account of any equality issue.

I plan on tackling more issues on the subject of same-sex “marriage” in the future, so I’d love to hear your thoughts here for use in a future episode.

President Obama, who has overseen the addition of $6 trillion to the debt, proclaims this month as Fiscal Capability Month to, among other things, help kids learn how to use a budget. How can I further parody something as humorous as that?

Last July, 3 California cities went bankrupt. Recently, the largest city in the US to go into bankruptcy was also in California. Could the spending habits of this blue state have anything to do with this? Judge after you hear what their biggest costs are.

Mentioned links:

The Red Herring of “Marriage Equality”

Marriage: What It Is, Why It Matters, and the Consequences of Redefining It

Obama Proclaims April the Month to Teach Young People ‘How to Budget Responsibly’

Presidential Proclamation — National Financial Capability Month, 2013

Judge: Stockton, Calif., Can File for Bankruptcy

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It appears that newly elected Senator Elizabeth Warren of Massachusetts is a listener to “Consider This!” How do I know? I suggest a $20 minimum wage as a thought experiment in episode 31, and now she’s one-up’ing me, suggesting $22. But her logic is flawed. (But, you knew that, right?)

People are applying for new gun permits at a fast clip (so to speak), but there’s one town in New England that just might surprise you where this is happening.

Democratic Senators, even those who’ve said they want a balanced budget, had a chance to vote for just the concept of one. True to form, they voted against it. Except one.

Mentioned links:

Elizabeth Warren heap big economic illiterate

Elizabeth Warren cherry-picked $22 per hour minimum wage number

Newtown reports surge in gun permit applications

Senate Democrats Vote Against the Concept of Balancing the Budget

DEMS SAY: BALANCED BUDGET? WE WERE JUST KIDDING!

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To bail out banks in Cyprus (who had loaned a lot to Greece, hence the need for a bailout), the Eurozone suggested confiscating money in those banks to partially pay the banks. Sweet deal if you’re a banker, panic-inducing if you’re not. Socialism is destroying Europe.

The Democrats in the Senate managed, after 4 long years, to produce something it seemed they’d forgotten about; a budget! It is, of course, more of the same taxing and spending (and spending more than they’re taxing). And it remains to be seen if they’ll even vote for their own budget, since they unanimously voted against Obama’s budget last year.

And Paul Thacker of the Slate website lets Slate readers in on the worst-kept secret evah; the media has a liberal bias! Who knew! (No, I didn’t mean for a show of hands. That was rhetorical.)

Mentioned links:

Cyprus deal shock sends shares tumbling, gold up

After Cyprus Bank Bailout, Depositors Race to Withdraw Their Cash. Is the Rest of Europe Next?

SENATE DEMOCRATS FINALLY UNVEIL BUDGET

Confirmed: Senate Democrats’ Budget Accelerates Spending, Never Balances

Flashback: Obama: Adding $4 Trillion To Debt Is Unpatriotic

Slate Slams Obama On Transparency, Credits Fox News, Wash. Times For Fast and Furious Reporting

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