Thursday, April 16, 2015

The Law of Diminishing Returns

It seems that one of the great passions of the liberal Democrats is the idea that raising taxes on the rich will somehow even the “economic playing field”. One big problem, it hasn't worked in the past and will not work in the future.

There comes a point when if you “punish” someone for being successful by overtaxing and/or over regulating them to raise government revenue in order to fund social programs and “pet” projects, the opposite effect occurs in most all instances. In economics 101, that is called the “Law of Diminishing Returns” (in taxation, the point where increasing the tax rates do not produce the desired revenue, but actually generates less revenue than expected). Let's look at history. Starting in the 1920's, when Pres. Calvin Coolidge lowered the tax rates, to when JFK, Ronald Reagan, Bill Clinton, and George W. Bush also lowered the tax rates, we have seen a subsequent boom in positive economic activity, contrary with what the naysayers (Socialists and Democrats) were predicting.

It might seem strange and incongruous that when tax rates are raised over a certain point, that the revenue that comes into the government coffers was less than what was expected, but when the rates were reduced to a “fair” amount, revenue soared. It was the the tax cuts proposed and enacted under Ronald Reagan that produced low inflation, low unemployment and the greatest economic boom in U.S. history, which continued on for the next 20 years. When Reagan came into office in 1980, federal receipts were $600 billion. In 1989, which was Reagan's last full budget, government receipts had shot up to $909 billion. But even with those increased government revenues, we still ran the government at a deficit. The main reason for that anomaly was entirely the product of Congressional “pork barrel” spending. They, the Congress, spent more money than the government took in in revenue.

It has been downhill ever since, especially since Pres. Obama, took office, as we now have over $18 trillion in national debt and it's still rising at an alarming rate. It is expected to reach $25 trillion in just a few short years. This could possibly result in what might be called a “government bankruptcy” (ala Greece and some other European economy's).

The Democrats continue to float the idea that it is “unfair” for someone in our society to amass wealth while others wallow in poverty. The Socialist tenet of “share the wealth” by taking from the rich (a/k/a the successful) and giving to the poor has “honorable intentions”, but in practicality, the unintended consequences have proved disastrous in practice. Pres. Johnson's signature legislation called the “War on Poverty”, is a good example of failure of government involvement in helping the less fortunate. Just the opposite has occurred as the poverty rate hasn't really improved in the over 45 years and $8 trillion spent on the poverty programs that were put into effect as a result of those programs.

So, the point of this editorial is that once you can reach the “point of diminishing returns”, it is downhill from there and the unintended consequences of these policies take over to make matters worse, not better.

The policies promoted by Pres. Obama and his Administration have not worked, even though he and and the Democrats are telling us that “everything is beautiful” economically. Too much government involvement has a tendency to stifle achievement as the incentives to succeed are diminished and many people will rebel, it is human nature. So, we must turn back many of those anti-growth policies that have reached the “point of diminishing returns”, and bring back the American spirit of innovation and incentives to succeed as the greatest nation in the world.

Conservative commentary by Chuck Lehmann

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Sunday, April 12, 2015

Judge Jeanine Pirro and Bill Whittle Videos

Judge Jeanine Pirro Opening Statement to Hillary Clinton – 
I want a Woman President But Not You

This Video is the opening statement last night from Justice with Judge Jeanine.
The judge talked about Hillary Clinton’s upcoming announcement that she will
run for president in 2016. Judge Pirro  said: “I want someone who cares about
 us, someone who cares about the American people. Hillary Clinton is not that
person. She is only out for herself. It’s never her fault, it’s all about convenience.
She didn’t know. And in the end, what difference does it make?”

Take Them At Their Word: Iran Might Destroy Us by Bill Whittle

The question asked should be "is History repeating itself"? Look at what happened after
Chamberlain didn't take Hitler at his word that he was going to try to conquer Europe.
Now we have Obama who is not taking Iran at their word that they will destroy us.

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Thursday, April 9, 2015

POGO's Quotation

Unfortunately no health plan provides congressional chiropractors to give backbone
to some of our elected officials.

In special need are some of the republicans who are allowing their adversaries to
walk all over them.Their spine seems to have been fractured by stubborn differences
that keep the wounds they inflict on each other from healing. It is as if they are
working against stabilizing conservative immunization against an epidemic of lies
being spread by the liberal democrat carriers.

Quoting Walt Kelly's comics strip character POGO, "We have met the enemy and he
 is us!" Republicans have to get out of IC after losing the executive office and Senate
 in 2008 and into rehab, preparing for the 2014 and 2016 elections.

In another quote from a speech made by Michelle Obama at her husband's 2008 victory,
"For the first time in my adult life, I am proud of my country!"

Countering her, you can quote me when I iterate, "For the first time in my adult life,
since the Obama administration took control, I am ashamed for my country!"

Every ethnic and racial group has its undesirables. Identifying them doesn't make one
a bigot, racist, homophobic or warrior against women. I have many times rooted for an
underdog, but I will never compromise intelligence by becoming a bleeding heart just
because one is an underdog and a jerk!

Barack Obama had no qualifications to become president of the United States. Much
of his past remains hidden and out of bounds to scrutiny. Skin color has never been a
factor in criticizing his many short falls and opposing ideology to mine, but racist
is a term used by those carrying his water in order to silence any criticism about
his many blunders and failures.

I am totally in opposition to Senate Minority Leader, Harry Reid and House Minority
Leader, Nancy Pelosi the way they conduct their business. I personally find them putrid.
They are white.
How now brown cow?

Contributed by George Giftos

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Sunday, April 5, 2015

“Oh What a Tangled Web We Weave........”

The complete quote by Sir Walter Scott (an Eighteenth Century Scottish author) is, “Oh what a tangled web we weave, when first we practice to deceive”.

Doesn't that quote sort of describe the present-day politicians who are now running our country? No matter what party you are affiliated with or support, you'll have to admit that deception, and obfuscation are endemic as to how they operate in the pursuit of their political goals. Winning election or re-election seems to be the only major driving force behind many of our elected representative now in office - the public be damned.

It seems that all politicians are NOT in favor of excess government spending, but how come we still have excess government spending? It seems that all politicians are AGAINST poverty and for the poor people, but we have more poor people today than in the past? It seems that all politicians are AGAINST excess taxation, but why do they continue to raise our taxes, especially against the the job-producing entrepreneur class? Most all the politicians seem to be AGAINST all the excesses of government, but we seem to have more excesses than ever before. Is that the “tangled web” Sir Walter Scott was referring to?

In this, the worst recession and recovery since the “Great Depression”? We keep hearing from this Administration that we have turned the corner and that our economic situation is improving (how many “Summers of Recovery” will we be subjected to before we actually turn this listing ship around?). Is that a form of deception when it is stated that the national unemployment is at 5.5% (in real terms using the U-6 rate, it is really 11%), when our national debt is over $18 trillion and rising (which represents nearly 100% of our GDP), when home foreclosures are still at an all time-high, when real wages had declined 3.1% in 2011, when home prices have dropped by more than 10% nationwide, with just a slight uptick recently? To any impartial observer, the answer is a resounding “YES”, it is a form of deception to give these rosy scenarios when the facts tell a different story. No matter what the Administration says, you can't polish horse manure no matter how hard they try (or is it lie?).

During the run-up to the passage of the ObamaCare bill, in 2009, we were told of the many glorious things that were contained therein. Some of these claims were made by politicians, who hadn't even read the bill, which were outright deceptions (lies). They claimed that costs would be lowered, in fact they claimed that the cost of the bill was $970 billion, but just recently the C.B.O. calculated that the cost is now approaching $2 trillion and rising (therefore, what they claimed was not true), that workers could keep their present insurance coverage (many companies are now dropping coverage, ex. 3M Co.). They also claimed that coverage would be voluntary, but the person refusing coverage would be fined (now they call it a tax), and on and on.

Do we really need anymore verification of what Sir Walter Scott opined in the Eighteenth Century when he said, “Oh what a tangled web we weave, when first we practice to deceive”? I think that many of today's elected politicians (especially Obama) will find out that the electorate has finally figured out that they have been deceived by the very people they elected to represent them. Many were voted out in 2010 and 2014. The next step will be to clean out the rest of the House and the Senate prevaricators and vote in the G.O.P. presidential candidate in 2016. Thank God for any little miracles now, in spite of the Messiah's (Obama) policies, and for bigger miracles later on when our “Liar in Chief's” term is up!

Conservative commentary by Chuck Lehmann

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Thursday, April 2, 2015

MORT’s meanderings

    Incurable mental disorders
Since the beginning of recorded history, the most incurable disease of the body and therefore, the most dreaded disease on the face of the Earth was Leprosy.  Modern medical technology has come a long way since man emerged from the primordial soup. Many of the dreaded physical diseases have been conquered and progress against others is being made every day.   
Progress against mental disorders however, not so much.  It simply has not kept pace.  Islam, in its current form, began in the seventh century and it hasn’t changed in its ideology or methodology, since.  Apparently, the only sure cure is in the termination of its hosts.  So far, death seems to work best.
Liberalism is a much more recent, but no less insidious phenomenon.  It appears to have been rooted in parts of Europe and is credited with spreading its process of rotting the morality of governments throughout most of that continent.
As the smell of rotting flesh attracts vultures and parasites, the smell of rotting governments apparently, has been irresistible to certain presidents of the United States, beginning with Teddy Roosevelt and advancing with giant steps under the tutelage of uber-academic, Woodrow Wilson – and perpetuated by other defectives until this very day.  
As Sickle-cell anemia is a hereditary blood disorder peculiar in a certain race of humans, so Liberalism appears to be peculiarly selective in its choice of relentless hosts – namely, Democrats.  
The only known cure to date, is to be found in voting booths all across this nation, with the exception of those that have been compromised by the illicit and intentionally corrupt activities of immoral perpetrators of voting fraud.
A fully-informed citizenry can avoid contracting Liberalism but, it takes desire  - and it takes involvement - and it takes work.   Lacking these, it is incurable.

MORT KUFF   © 3-28-2015

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