Time for Thorns

An independent view on life.

Posts Tagged ‘spending

Do-nothing budget…

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First,  let us give credit to Minority Leader Nancy Pelosi for setting a  record for  the longest speech in the House, where the leader of each party may talk at length but there is no formal filibuster as there is in the Senate.   She deserves no credit for  applauding the  Dreamers and thanking their parents for bringing them to this country and instructing us that we owe them anything other than common civility.   No,  she earned plaudits for speaking for eight hours wearing stilettos.

Her speech was an extended version of the rambling,  incoherent utterances we have come to expect from her,  so loaded with platitudes and illogic and sheer nonsense that even her own Democratic colleague nodded off.   It was a protest in search of something to protest,  as Pelosi was claiming that Democrats would  not vote  for the budget unless Speaker Paul Ryan committed to a vote on on legislation to protect DREAMers.

Some Republicans  disliked the  budget deal as well,  though for vastly different reasons.   It spends far  too much  money  for starters.   Touting the fact that it  is bipartisan  does nothing to change that fact,  no matter what  area of  spending you’re interested in.  Yuval Levin has a clear-eyed view of  the fiscal rotten stew, which also gave me the title for this post.

In the end,  Senate recalcitrance caused the government to shut down only overnight,  for which Sen. Rand Paul is being unfairly blamed.  And we the taxpayers are stuck with a crappy spending bill.

 

 

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Written by timeforthorns

February 10, 2018 at 2:53 pm

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Krugman economics in action…

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The reason  this piece  mentions Paul Krugman,  the New York Times writer who reminds us at every opportunity that he won a nobel Prize for economics,  is that he and his acolytes  presume that government spending drives economic growth.   Therefore,  any decrease in taxation and any decrease in government revenues is bad for individuals.

The sad tale of Williston,  North Dakota shows Mr. Krugman wrong.  Government spending is a tax on everyone,  and all politicians fail to control their spending desires when presented with a pile of other people’s money.   Williston had huge revenues for a time from fracking,  and spent like the proverbial drunken sailor on projects it did not need,  and now has debts it can never hope to repay.   Government growth occurs because there is privately created wealth for it to take,  and the only smart thing to do economically is to restrict government spending.  Those who create wealth generally search for ways to increase their wealth,  and they tend to be much superior than governments when it comes to spending habits.

I think we should all band together and purchase Mr. Krugman a plane ticket to Williston plus a motel room for a week.  Perhaps if he has to live in the wreckage caused by his supposed mastery of economics,  he will gain a dribble of common sense through simple observation.

 

 

Written by timeforthorns

January 20, 2018 at 3:55 pm

2016 Pig Book…

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The pork projects  are back  with a vengeance,  to the surprise of absolutely no one who still retains two functioning gray cells.

Citizens Against Government Waste has produced its annual report on the wasteful,  and often totally idiotic spending habits of the people we send to Congress.  You can check the book out in PDF form or search the database,  here.

Written by timeforthorns

April 14, 2016 at 11:56 pm

Hell, no!

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Greece has  voted NO  in the referendum,  the EURO has fallen sharply,  and everyone is running around with their hair on fire.   Am I supposed to be surprised that the Euro-zone is a failure?   Should I be astonished that the Greek government,  which doesn’t go after tax scofflaws,  and pays exorbitant pensions,  is broke?

Well,  I am not.   Finer economic minds than mine predicted this from the beginning,  and we are all surprised only by how long it took.   The only reason the USA isn’t technically broke is that it continues to print money, which has lost 95% of its value in the past fifty years.   When Hillary Clinton and Bernie Sanders and the rest of the Democrats call for more taxes on the rich and corporations, they never admit that if the government took the value of every asset owed by the “rich”,  it still would not be enough to pay off our debt.

If you don’t want to be Greece in twenty years,  or Venezuela,  you’d better vote in people who can accomplish simple math,  have balls and a backbone,  and have principles stiffer than pudding.

 

Written by timeforthorns

July 5, 2015 at 11:54 pm

Where medical money goes…

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This chart  shows where  your medical spending goes.   If I had a similar chart on education dollars,  you would see much the same graph.

Written by timeforthorns

January 27, 2015 at 10:20 am

Hey, big spenders…

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Would you be surprised to learn that 65 of the 70  biggest spenders  in Congress are Democrats?   The Washington Examiner has a new feature called   Appropriate Appropriations  which monitors spending bills of all types on a daily basis.   As it readily acknowledges,  it uses the data in the Cato Institute’s Deepbills Project,  which digitally flags spending in pieces of legislation.

For me,  the true embarrassment is that Republicans still want to spend half of what Democrats do   It should be MUCH less.  I heartily recommend that you keep an eye on the Examiner’s new feature.

Written by timeforthorns

February 4, 2014 at 11:52 pm

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Debt ceiling nonsense…

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The only way in which the USA can default on its debt is if His Oneness orders that the debt service not be paid.  As John Hinderaker  points out,  less than 10% of the federal government’s revenue is required for this   Since the government is legally obligated to pay its debts,  such an order would be an impeachable offense.

The MSM and the Democrats are lying to you.  Spread the word,  along with the fact that Democrats not only want to bust the spending caps of sequester,  but want to spend an additional trillion.

UPDATE:  Here’s another  good piece  by Jon Hall on the deliberate misleading of the public by His Oneness,  Democrats and most of the media.

Written by timeforthorns

October 16, 2013 at 12:20 pm

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