Ep. 351 The Bad Economics of Net Neutrality
2 hours ago
If you consider the 16th & 17th Amendments, plus the Federal Reserve act in isolation, you can come up with one set of arguments. That’s the mathematical combination of three things, one at a time.Read the rest here
Now, if you blow away all three of these federal zombies in one one shotgun chorus (great name for a band there), then you can undo the 1913 Progressive triumph of Woodrow [censored] Wilson. He may have emoted well about the need for Progress, and the imperfections of the Founding Fathers, but his ideas have proven ruinous.
Let’s get some conservative candidates in 2012 who will ‘do the deed’ for the centennial of Wilson’s dubious achievement. What would be the effects? Well, if DC is no longer the Pockets of Infinite Federal Reserve Depth, then we could have, you know, forthright spending. States can pick up the tab for the social programs for their citizens that they feel like funding. Granted, this may not be so much as under the current vote buying scheme.
Having the states control their senators in a regime where the federal government isn’t a cornucopia would shift the balance of power away from DC. When a change of party in the governor’s mansion means that the same old tools will not be sent back to DC if their stint is up, the incumbency rate may well plummet to reasonable levels, retaining statesmen* of actual value, and affording the Reids more time to suck elsewhere.
Finally, having the income tax removed would let states be a blast shield for their citizens from federal financial overreach. The virtue of the 10th Amendment, currently hovering down around that of a slut in Toronto, could begin to recover.
Do I really look like a guy with a plan? You know what I am? I’m a dog chasing cars. I wouldn’t know what to do with one if I caught it. You know, I just… do things. The Republicans have plans, the media has plans, Boehner’s got plans. You know, they’re schemers. Schemers trying to control their little worlds. I’m not a schemer. I try to show the schemers how pathetic their attempts to control things really are.Watch the clip and you'll understand.
I just did what I do best. I took your little constitution and I turned it on itself. Look what I did to this city with a few trillion dollars and a couple of czars. Hmmm?
You know… You know what I’ve noticed? Nobody panics when things go “according to plan.” Even if the plan is horrifying! If, tomorrow, I tell the mainstream media that, like, unemployment is going to never get below 9%, or the federal budget is going to get blown up, nobody panics, because it’s all “part of the plan.” But when I say that one little old lady will get her social security check a few days late, well then everyone loses their minds!
Introduce a little anarchy. Upset the established order, and everything becomes chaos. I’m an agent of chaos. Oh, and you know the thing about chaos? It’s fair!
… now we’re talking.
Under a plan put forth by Senate Minority Leader Mitch McConnell (R-Ky.) and his counterpart Majority Leader Harry Reid (D-Nev.), legislation to lift the debt ceiling would be accompanied by the creation of a 12-member panel made up of 12 lawmakers -- six from each chamber and six from each party.Via Memeorandum
Legislation approved by the Super Congress -- which some on Capitol Hill are calling the "super committee" -- would then be fast-tracked through both chambers, where it couldn't be amended by simple, regular lawmakers, who'd have the ability only to cast an up or down vote.
He may not agree with the vote in New York to legalize gay marriage, but former New York City Mayor Rudy Giuliani said the Republican Party should butt out of the bedroom and stick to fiscal policy.It's certainly a start but Rudy is too anti-liberty on so many other issues that he will never be confused with current libertarian candidates Gary Johnson or Ron Paul.
"I think the Republican Party would be well advised to get the heck out of people's bedrooms and let these things get decided by states," Giuliani said Sunday on CNN's "State of the Union." "We'd be a much more successful political party if we stuck to our economic, conservative roots."
New York became the sixth state to legalize same sex marriage in June when a bill passed by the Republican-controlled state legislature was signed by Democratic Gov. Andrew Cuomo.
Giuliani, who is considering a run for president in 2012, has long supported civil unions. Although he said he believes marriage is between a man and a woman, he can "live with" the legalization in New York.
"I think it's wrong, but there are other things that I think are wrong that get decided by democratic vote," Giuliani told CNN Chief Political Correspondent Candy Crowley. "I see more harm, however, by dwelling so much on this subject of gays and lesbians and whether it's right or wrong in politics."
"This is the same Department of Justice that thought it was a good plan to intentionally allow hundreds of firearms to be smuggled into Mexico in a disastrous effort to somehow follow the trail of those guns to the bad guys. Now, the DOJ’s plan to address gun trafficking is to require law-abiding citizens in border states to be reported and entered into a federal database for buying perfectly legal rifles from licensed dealers.Gary Johnson, like many others, realizes that government created the problem and trampling on our Constitutional rights is not the solution. For them to facilitate the sale of 1500 guns to the Mexican drug cartels and then to turn around and point to border violence as the justification for making it harder for law abiding citizens to purchase weapons is hypocrisy in the highest form.
Not only will this requirement do absolutely nothing to curb violence on either side of the border, it is yet another unacceptable infringement on fundamental 2nd Amendment rights. It is an outrage that this Administration is using border violence as an excuse to add the names of more law-abiding gun owners to their database. The President and his Attorney General need to get off the backs of American gun owners, and focus on policies that will actually work to stop border violence – without eroding basic constitutional rights."
[C]an we just take a month or two to contemplate him the way we might contemplate a painting by Vermeer or a guitar lick by the early-seventies Rolling Stones or a Peyton Manning pass or any other astounding, ecstatic human achievement? Because twenty years from now, we're going to look back on this time as a glorious idyll in American politics, with a confident, intelligent, fascinating president riding the surge of his prodigious talents from triumph to triumph. Whatever happens this fall or next, the summer of 2011 is the summer of Obama.There is so much wrong with that statement, and the article itself, that I don't even know where to begin. I can only hope that the Onion took over Esquire or the author discovered some new strain of uber-super pot that was previously unknown to the human species. But I'm not counting on it.
The IMF is delighted to announce that it just approved a €3.2 billion disbursement of cash for Greece, its fifth, as part of the €12 billion in money that Greece needs in order to continue operating in the months f July and August. And just for what purpose will this money be used, one may ask? Well, as explained a few weeks ago, in Greek Math: €12 Billion In, €18.2 Billion Out the entire amount will be promptly recycled by global financial institutions in the form of debt maturities and interest payments, which amount to €18.2 billion in the months of July and August. Simply said ECB, EU and IMF money in, money owed to bankers out. The kicker: 17.09% of the money coming from the IMF, comes from, that's right dear US taxpayer, you (and since 21% of the quota contributions allocated to the IMF are deemed "non-usable", the actual number funded by the US is likely much higher). But this plot has a bonus kicker: as we reported on Wednesday, the actual Greek debt is no longer owed by European banks to the extent it had been previously expected: a development that threatens to scuttle the entire second Greek bailout plan as currently proposed. So as the banks have been selling Greek debt, who has been buying? Mostly hedge funds, such as everyone's favorite John Paulson. So to recap: US taxpayers have just paid out about $780 million of the $4.6 billion in order to fund interest owed to... hedge funds.