Our country’s road to bankruptcy, in one chart.
The day of reckoning looms: Our country’s road to bankruptcy, in one chart.
The day of reckoning looms: Our country’s road to bankruptcy, in one chart.
The day of reckoning looms: Our country’s road to bankruptcy, in one chart.
Why SLS will surely die: “Long-term budget pressures on NASA mount.”
Whether the cheaper, more efficient, and competitive commercial space program will survive remains unknown. It could be that our brilliant Congress, which wants SLS, will keep that very expensive program alive just long enough to choke the life out of the commercial space program. Then, with the government part of private space dead from lack of support, they will suddenly be faced with the gigantic bill from the NASA-built SLS and will, as they have done repeatedly during the past four decades, blanch at paying the actually construction and launch costs, and will kill that too.
Even the cows are fleeing California’s regulatory climate.
The day of reckoning looms: A new audit has found that the Federal Housing Administration has a deficit of $13.5 billion for the fiscal year ending in September.
Success! California now has the highest poverty rate in the nation.
California’s state legislature and governorship have both been held by the Democrats for years. Both have repeatedly raised taxes. Both have repeatedly failed to balance the state’s budget. And both have been and continue to be eager to increase government regulation on the state’s citizenry. What could go wrong?
Update: In related news, Los Angeles’ film and television industry has lost 16,100 jobs in past seven years, mostly due to businesses leaving the state.
Good for him: Governor Bobby Jindal puts his rejection of Obamacare in writing.
Five ways to protect yourself from Obamacare.
It’s coming and you asked for it. And no one can yet guess how many problems it will cause.
Amen! Obamacare is still vulnerable.
One way or the other, this monstrosity is going to crash. Better that we keep fighting to kill it now rather then wait for it to do endless harm and then fail. And since a majority of state governors are Republican, they shouldn’t back down but keep up the fight. Moreover, despite Romney’s loss the election was still close and Obamacare remains deeply unpopular. There is plenty of support for killing it. The Republicans should not back down.
The new America: Wall Street stocks plummeted today for the second day in a row.
I wonder why. What happened two days ago that might have shaken the confidence of the business world?
The new America: The maker of “Innocence of Muslims” has been sentenced to a year in prison for parole violation.
It might have been a crappy film and the filmmaker might have been a bum and a liar who did violate his parole. No matter. That is not really why he was arrested. In the new America he was arrested and sent to prison because he dared make a film that offended Muslims and that the Obama administration did not like.
In the new America don’t offend the government, or they will find a reason to jail you.
Five big stories the media will ‘discover’ after the election.
It appears that Barack Obama has won another four years in office. Despite what many consider to be one of the weakest and most incompetent presidencies in history, the American people have decided to stick with this man. Even worse, the Democrats look like they will gain seats in the Senate, even though it was the Democratic majority in that Senate that has refused to pass a budget — as required by law — for the last three years. For that dereliction of duty, the American people have decided to reward them with more power.
Overall, it appears that the polls that favored Democrats in their sampling were actually capturing the tone of the country. The public wants big government and a restriction in freedom. 2010 was a fluke, not a trend. I was wrong.
We are stuck with Obamacare. We are stuck with trillion dollar deficits. We are stuck with bankruptcy. I have little hope now for the near future. It will probably take fifty years or more to fix the problems that the past four years and the next four years will create.
This is not even a conservative perspective. No policy can survive, even good leftwing policy, when the government is bankrupt. And with trillion dollar deficits the new normal, we are guaranteed that the government will go bankrupt. And it will take everything else down with it.
Even worse, this willingness of the American public and its intellectual class to ignore this reality, to make believe that trillion dollar deficits don’t matter, suggests an intellectual bankruptcy that is even more appalling. For you can’t fix a problem if you refuse to face it.
An evening pause: In honor of today’s election, a little history lesson from Schoolhouse Rock from 1975.
We’re gonna elect a president! (No more kings)
He’s gonna do what the people want! (No more kings)
We’re gonna run things our way! (No more kings)
Nobody’s gonna tell us what to do!Rockin’ and a-rollin’, splishin’ and a-splashin’,
Over the horizon, what can it be?
Looks like it’s going to be a free country.
An evening pause: I posted this video song the evening of election, 2010. I think its point remains the same today, the eve of election day 2012. The people do not go away, no matter how much the elite leadership of society wishes they might. Even in a dictatorship they hover over everything.
It is very simple: the electorate is no longer tilted Democratic. Sadly, too many pollsters — and liberal pundits — refuse to recognize this fact.
Look for the union label: “We don’t want you unless you’re part of the union.”
The result: no power for people in New York and New Jersey for far longer.
We’ve only just begun: A federal judge in Detroit has ruled that a Catholic-owned private business does not have to comply with the Obama administrations contraceptive mandate.
Finding out what’s in it: A proposed IRS tax form every American will have to fill out when Obamacare goes into effect.
This form is not from the IRS, but it is based on the actual law, and is I think a reasonably good facsimile of the kind of information the IRS will require when the individual mandate goes into effect and the IRS will have to determine whether you have health insurance or need to pay higher taxes because you don’t.
I especially like the section of the form that asks these questions:
All three exemptions exist, though the Obama administration has already made it clear that the first will only be available to actual religious organizations, and even there the exemption will be limited. However, if you are a criminal or illegal immigrant (also a lawbreaker) you are exempt from this law, though you receive all its benefits.
As I’ve said, Repeal this turkey! And vote out every idiot that supported it.
Facebook has apologized and reinstated the anti-Obama posts it had previously censored.
Free speech for me but not for thee: It appears that Facebook has censored a post by the Navy Seals merely because it was critical of President Obama.
Democratic civility: An openly gay volunteer for a Republican running for Congress in Wisconsin was severely beaten in his home after receiving threatening and obscene messages from the husband of the Democratic candidate.
The Democratic candidate is also openly gay, and it was his husband who sent the messages, some of which are also include racial insults of the Republican candidate’s Mexican-American wife.
Guess who: “He is incompetent, dishonest and not interested in the actual work of governing.”
Seems an apt and accurate description to me. And the man who wrote it was an Obama voter in 2008.
When you try to sell government policy based on crisis, and that crisis doesn’t take place as predicted, and in fact is shown to be based on fraud and dishonesty, the sales job will eventually fail. Thus, better to forget the whole thing and make believe it never happened.
Leftwing civility: The death threats against Mitt Romney continue to pour out from Twitter.
An Italian court has convicted seven earthquake scientists of manslaughter for their failure to properly warn the public prior to the L’Aquila earthquake.
The court also sentenced the men to six years in prison, which is two years more than the prosecutor recommended.
The more I have read about this case, the less I have been in sympathy with the scientists. While it is absurd to expect any scientist to be able to precise predict the occurrence of an earthquake, in this case some of the individuals convicted had issued statements that actually go against basic earthquake science in order to give the public a false sense of safety. They claimed that the increased level of seismic activity suggested a reduction in the risk of an earthquake, when all research actually indicates the exact opposite.
Some additional details here.
Freedom of speech is so 20th century: The filmmaker who made the anti-Islamic movie falsely blamed by the Obama administration for the Libya attack has now been in jail for a month.
The movie had nothing to do with the Libya attack. And even if it caused the riots in Egypt, who cares? I thought there was something called the First Amendment, a law to protect the speech rights of U.S. citizens. Yet, Barack Obama and his entire administration have done everything they can to blame the movie, not their own foreign policies, while going out of their way to squelch this man’s freedom.
But remember those binders!