Tag: government

Cyprus has agreed to confiscate a percentage of the savings of large depositors in order to satisfy demands from the European Union creditors..

10:10 am

The day of reckoning looms: Cyprus has agreed to confiscate a percentage of the savings of large depositors in order to satisfy demands from its European Union creditors..

This is only a hint of what’s coming for us here in the U.S. Like the European Union, eventually the federal government is going to go bankrupt, and when that happens it (being the politicians in charge) will then decide that the savings and pensions of private citizens will have to save them somehow.

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The Democrats in the Senate passed their first budget in four years yesterday.

9:19 am

Pigs fly! The Democrats in the Senate passed their first budget in four years yesterday.

The budget cuts practically nothing while increasing taxes by almost $1 trillion, which essentially illustrates how little the Democrats want to bring the debt under control. That four Democrats who face a tough election in 2014 voted against the budget also suggests that the Democrat’s traditional spendthrift approach might finally be becoming dangerous at the polls.

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NASA has issued a clarification specifically excluding its press announcements from the suspension of all public outreach efforts.

9:00 am

NASA has issued a clarification specifically excluding its press announcements from the suspension of all public outreach efforts due to sequestration.

I am not surprised. These budget cuts are aimed at grabbing the most publicity as possible, without harming NASA’s ability to lobby for funding. Ironically, the truth is that much of NASA’s education and outreach work can be cut, will not be missed, and so these cuts should illustrate this fact quite effectively.

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Obamacare may cost small business as much as 65% of their profits.

8:44 am

Obamacare may cost small business as much as 65% of their profits.

At these levels, the question that will soon occur to the business owner is “Why am I bothering?” If he can shrink his business to less than 50 employees and avoid the Obamacare costs, he will.

And in related news: Health insurers are privately warning brokers that premiums may double next year for many individuals and small businesses due to Obamacare.

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Senator Harry Reid (D-Nevada) has reversed course and will allow a tough gun bill to be introduced in the Senate.

9:17 pm

Senator Harry Reid (D-Nevada) has reversed course and will allow a tough gun bill to be introduced in the Senate.

In 2010 the NRA backed Reid in a close election because they said he had an “A” rating, always defending the right to bear arms. I thought this was a very very bad mistake, as Reid is also a very partisan liberal Democrat, which generally means you can’t trust him on any conservative issue. Lo and behold, we now learn you can’t trust him on this conservative issue.

Had the NRA put its support behind Reid’s challenger, that challenger would have had a much better chance at winning. They did not, and here we are. Thank you, NRA.

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A congressional report, issued by Republicans in the House and Senate, says that Obamacare will increase healthcare costs by 200 percent.

9:22 am

A congressional report, issued by Republicans in the House and Senate, says that Obamacare will increase healthcare costs by 200 percent.

Though the report is partisan, it is worth reading because of the depth of the analysis as well as the range of its historical research. For example:

The report notes that a number of states have already imposed requirements on health coverage and the result has been fewer choices and higher premiums. In New York, for example, a 30-year-old male paid an average of $1,200 a year in annual premiums in 1993, but one month after the state passed Obamacare-like reforms, premiums soared to $3,240. At the time Washington state passed similar reforms, 19 insurance carriers wrote policies for state residents. Within six years, only two carriers remained in the state.

I was living in New York when the state legislature passed this early version of Obamacare and can attest to truth of the above facts. Costs doubled and insurance companies fled the state, reducing competition. I even wrote about an article about it. The evidence from these state efforts illustrates the likelihood that Obamacare will do the same, nationwide.

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Without a warrant New Jersey police raided the home of a firearms instructor, demanding the right to inventory his guns, after he posted a Facebook photo of his son holding a rifle.

2:13 pm

Without a warrant New Jersey police raided the home of a firearms instructor, demanding the right to inventory his guns, prompted by a Facebook photo he had posted of his son holding a rifle.

The family’s trouble started Saturday night when Moore received an urgent text message from his wife. The Carneys Point Police Dept. and the New Jersey Dept. of Children and Families had raided their home. Moore immediately called [his attorney] Nappen and rushed home to find officers demanding to check his guns and his gun safe. Instead, he handed the cell phone to one of the officers – so they could speak with Nappen.

“If you have a warrant, you’re coming in,” Nappen told the officers. “If you don’t, then you’re not. That’s what privacy is all about.” With his attorney on speaker phone, Moore instructed the officers to leave his home. “I was told I was being unreasonable and that I was acting suspicious because I wouldn’t open my safe,” Moore wrote on the Delaware Open Carry website. “They told me they were going to get a search warrant. I told them to go ahead.”

It seems to me that police across the nation are becoming increasingly nonchalant about violating our Fourth Amendment right, which states quite bluntly, “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated.”

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The Democrat mayor of Philadelphia has demanded an investigation against a local magazine because he doesn’t like what they wrote.

11:07 am

Free speech according to Democrats: The Democrat mayor of Philadelphia has demanded an investigation against a local magazine because he doesn’t like what they published.

I ask the Commission consider specifically where Philadelphia Magazine and the writer, Bob Huber, are appropriate for rebuke by the Commission in light of the potentially inflammatory effect and reckless endangerment to Philadelphia’s race relations probably caused by the essay’s unsubstantiated charges. While I fully recognize that constitutional protections afforded the press are intended to protect the media from censorship by the government, the First Amendment, like other constitutional rights, is not an unfettered right, and notwithstanding the First Amendment, a publisher has a duty to the public to exercise its role in a responsible way. I ask the Commission to evaluate whether the “speech” employed in this essay is not the reckless equivalent of “shouting ‘fire!’ in a crowded theater,” its prejudiced, fact-challenged generalizations an incitement to extreme reaction. [emphasis mine]

Under this Democratic mayor’s standards, anything that offended anyone could be banned. In fact, it would destroy all free speech. All any bully would need to do to silence his critics would be to complain about the inflammatory nature of their statements.

You can read his entire letter here. [pdf]

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Having lost its earmarked government funding in 2011, the Pan-STARRS telescope has now replaced those funds with a private donation.

10:14 am

We don’t need no stinking government: Having lost its earmarked government funding in 2011, the Pan-STARRS telescope has now replaced those funds with a private donation.

I find it interesting that while the lost government funds equaled $10 million, they are now able to achieve essentially the same goals with a private donation of only $3 million. This suggests, not surprisingly, that there was a lot of extra pork in the government funds that the facility could manage without.

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