Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Thursday, April 11, 2013

An Absolute Economic Ignoramus! - 6 Ways President Obama's Budget Is Worse Than Everyone Thinks


Fiscal Policy: Shorn of its accounting gimmicks, the president's budget isn't a "balanced" plan to get the debt crisis under control. It's a monument to fiscal irresponsibility.
Too bad the big media hasn't tried to report the truth of the matter instead of just sucking up. m/r


6 Ways President Obama's Budget Is Worse Than Everyone Thinks - Investors.com
Posted 

With much fanfare and a lot of media hype, President Obama unveiled his latest budget plan — two months late. An IBD review of Obama's budget finds that, among other things, it:
• Boosts spending and deficits over the next two years. Obama's own budget numbers show that he wants to hike spending over the next two years by $247 billion compared with the "baseline," which even after his proposed new tax hikes would mean $157 billion in additional red ink.
Obama claims he'll get tough on spending and deficits later, but every budget expert knows boosting spending today only makes it harder to cut later.
• Vastly exaggerates spending cuts. The press has widely reported that Obama's budget would cut spending a total of $1.2 trillion over the next decade. But Obama's own budget shows that he actually cuts spending a mere $186 billion. (The relevant tables can be found at http://www.whitehouse.gov/sites/default/files/omb/budget/fy2014/assets/tables.pdf on Pages 187-190.)
Obama inflates his claimed savings by first canceling the automatic sequester spending cuts he previously signed into law, then reclaiming them as new savings, and by adding in cuts in interest payments on the debt.
[More "highlights"]
• Relies almost entirely on tax hikes. 
• Cuts the deficit less than claimed. 
• Creates a new entitlement without a reliable means to pay for it. 
• Boosts taxes on the middle class. 


Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials/041013-651427-obama-budget-is-worse-than-everyone-thinks.htm#ixzz2QA7EtIoi
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