Debt Means Taxes

Debt, Economy, Government, Media, Taxation

“But you’re getting a tax cut under Obama,” screeched the cerebrally and ethically challenged CNN attack dog, Susan Roesgen. She was shouting at an informed, ticked-off taxpayer at the nationwide tea parties. Which is why reporters, retarded ones especially, should never editorialize.

Writes former US accountant and comptroller general, David M. Walker:

Total federal debt almost doubled during President George W. Bush’s administration and, as much as we needed some stimulus spending to boost the economy, the nonpartisan Congressional Budget Office now estimates total debt levels could almost double again over the next eight years based on the budget recently outlined by President Obama.

Regardless of what politicians tell you, any additional accumulations of debt are, absent dramatic reductions in the size and role of government, basically deferred tax increases. Remember the old saw? “You can pay me now or you can pay me later, with interest.” …

the federal government accumulated $56.4 trillion in total liabilities and unfunded promises for Medicare and Social Security as of September 30, 2008. The numbers used to calculate this figure come directly from the audited financial statements of the U.S. government.

If $56.4 trillion in financial commitments is too big a number to digest, think of it as $483,000 per American household, or $184,000 for every man, woman and child in the country.

Even broken down, the numbers can be tough to swallow. Yes, you’ve paid your taxes, but you still bear a significant share of the government’s own financial burden. …

So as you file your tax returns this year, bear in mind that no matter how much you’re paying now, you’ll pay much more in the future because of Washington’s failure to get its finances in order…

The "Don’t Tread On Me” Tradition Is Back!

Federal Reserve Bank, Liberty, Neoconservatism, Old Right, Political Philosophy, Republicans, Ron Paul, Taxation, Terrorism, War

Or so says Richard Spencer, editor of Taki’s Magazine, in the fabulous article: “Are the Tea Parties Radical and Paranoid Enough?”

In the tea party protest Spencer attended he saw ample signs of the Old Right rising. This recrudescence took the form of fewer “bloviations about the war on terror,” and more “Abolish the Federal Reserve!” and “Republicans + Democrats = National-Socialism” signs. “[O]nly two or three blue-blazer-and-kakis Frumbots” loitered around aimlessly.

Sweet.

Writes Richard: “There’s no question that the Republicans would love to co-opt the Tea Party movement to strengthen their prospects in 2010, but my sense last night was that the ‘Don’t Tread on Me’ crowd might be a bit too radical to be neutralized and Republicanized easily.”

Read the rest on Taki’s.

The “Don’t Tread On Me” Tradition Is Back!

Federal Reserve Bank, Liberty, Neoconservatism, Old Right, Political Philosophy, Republicans, Ron Paul, Taxation, Terrorism, War

Or so says Richard Spencer, editor of Taki’s Magazine, in the fabulous article: “Are the Tea Parties Radical and Paranoid Enough?”

In the tea party protest Spencer attended he saw ample signs of the Old Right rising. This recrudescence took the form of fewer “bloviations about the war on terror,” and more “Abolish the Federal Reserve!” and “Republicans + Democrats = National-Socialism” signs. “[O]nly two or three blue-blazer-and-kakis Frumbots” loitered around aimlessly.

Sweet.

Writes Richard: “There’s no question that the Republicans would love to co-opt the Tea Party movement to strengthen their prospects in 2010, but my sense last night was that the ‘Don’t Tread on Me’ crowd might be a bit too radical to be neutralized and Republicanized easily.”

Read the rest on Taki’s.

Torturing The 'Torture' Issue II

Democrats, Iraq, Law, Military, Morality, Neoconservatism, The Military, War

In the first installment to the ongoing saga of torture under Bush, I asked:

Ever wonder why the Democrats and their media lapdogs never shut-up about the issue of torture, when Bush’s decision to wage an unjust, illegal war ought to be the focus of their ire? The matter of torture is, after all, subsumed within the broader category of an unjust war. Moreover, one can make the case for torture in desperate, dire situations. (I’m not making the case, I’m saying that one can attempt to justify incidents of torture: you were not thinking clearly, you were desperate to avert another disaster, you wanted to save hostages; you worried you’d be blamed if you didn’t extract crucial information.) But how on earth do you justify lugging an army across the ocean to occupy a third-world country that is no danger to you and has not threatened you? You don’t, you can’t.

Democrats are nearly as culpable as Republicans on the matter of the war on Iraq. So they stick with their limited, safe mandate of torture. MSNBC’s Maddow and Olbermann, and their constitutional scholar, are thus careful to skirt the need to prosecute Bush and his bandits for invading Iraq. Instead, they stick to waterboarding.

The current torture kerfuffle was elicited by Obama’s release of CIA interrogation protocols.

(A note to the neoconservatives who stalk this site, and believe their ill-formulated fulminations vis-a-vis Iraq ought to be featured on my private property: The war against Iraq is not going to be adjudicated again on this site–not ever. That crime I chronicled at great length, applying fact and every ounce of reason in my possession to repudiate and denounce. The case is closed! The lazy neoconservative can read my archive on the topic. While I can imagine these ideologues urgently need to make peace with their makers or consciences for their role in a crime of such moral and material magnitude, they will not do so on my private property!)