Ask a D.C. insider what’s the best way to solve the debt crisis. Nine times out of ten, they’ll recommend taking on more debt. That’s how things operate in the Potomac swamp. Up is down, right is left, digging yourself into more debt is the best way to get out of it. But it wasn’t always like this. In fact, there used to be common sense when it came to the economy. So where did it all go wrong?
Politicians talk about the uninsured. Special interests argue on behalf of those with pre-existing conditions. But why is no one wondering how doctors are affected by the new law? They’re the ones on the frontlines dealing directly with new patients, as well as the red tape that makes bureaucracies go round.
Politicians proclaim the benefits of small business while on the campaign trail. But when they meet in the seedy halls of Congress, they have no problem doing whatever they can to stifle, regulate, and subdue their progress. Instead of siding with entrepreneurs, these politicians often side with political allies and cronies that helped put them into office.
Just because you’re retired doesn’t mean you have to stop working. Especially now that you have all the time in the world to do what you really want. Entrepreneurs don’t only come out of Silicon Valley. They come from all walks of life, from all different ages. If you’re retired and want to stay active while you relax, then find out the steps you need to take in order to start, manage, and grow your next small business.
Technology brought the world together. But has it gone too far? Decades ago, mail was delivered by hand. Now it’s delivered in seconds. How has that changed the way you live your life? How has it changed the way people act with each other? These are just some of the questions we need to ask.
The U.S. dollar has been the world's reserve currency for almost a century, and already there are signs it may be in decline. But that doesn't mean it's not still valuable. On the contrary... As Chris Mayer explains, there are many reasons the U.S. dollar will remain relevant on the world stage for years to come. Read on...
Gun control isn’t a modern idea. The rise of gun control laws and limits on your 2nd Amendment freedom go hand in hand with the increase in the size and scope of government. Politicians want you to think the only people who can keep you safe are government forces. But as one renown libertarian economist and thinker will show you, their misguided laws do nothing but take away your freedoms and leave you less safe.
The government will do whatever it takes to make sure it has enough of your money to fund itself. On the surface you might think that means enduring a grueling audit. But the IRS and the government is more than willing to ignore your privacy in the cold relentless pursuit of the money they think they deserve. As they get bigger and bigger every year, the smaller and smaller your paycheck becomes as they leach off it.
The Congressional Budget Office said the government needed to reach 7 million people by the end of March. They claim to have reached the goal and now the debate about Obamacare is over. But what does this milestone really mean in the ongoing healthcare discussion? And more importantly, how will it affect reforms going forward?
If you’re good at something should you be penalized so others have a chance at success? Should award winning actors and actresses be barred from future Oscar ceremonies to give other men and women the chance to succeed? Success should always be rewarded and encouraged. But what happens when you have a government that wants to even the playing field and take away the spoils of success. Gregory Bresiger finds out...
In an effort to cut costs and keep track of patients' records, governments could institute a medical guideline cookbook. Bureaucrats might think they have the best of intentions in mind, but these new rules would drag down the medical process and destroy whatever quality is left in our current system.
Practical people often pooh-pooh fiction reading as a time wasting dalliance, dominated by a Marxist coloring of the world. However, fiction readers were given a scientific reason recently for spending hours absorbing fanciful figments of someone’s imagination.
Argentina is suffering the ravages of government debasement of the currency -- i.e., inflation, the process by which government pays for its ever-increasing debts and bills by simply printing more paper currency. The expanded money supply results in a lower value of everyone’s money, which is reflected in the rising prices of the things that money buys.
When government expansion is allowed to continue unabated or when it casts a heavy regulatory shadow on America’s entrepreneurial spirit, the freedoms that we’ve come to know, and perhaps take for granted, slowly begin to slip away.
The saga of All Saints could soon be coming to a community near you. Thanks partly to the scandal surrounding the IRS’ targeting of conservative groups, the agency has proposed a new set of rules for a huge number of social-welfare groups that claim tax exemption under Section 501(c)4 of the tax code.
The new reality of Obamacare’s tax credits has left finance reporters to pen articles warning readers to “take care” when considering a tax credit and providing strategies for how best to “protect yourself.” So what do finance reporters know that the White House doesn’t?
Nihilo ex nihilo fit. Out of nothing, nothing comes. First put forward by ancient Greek philosopher Parmenides in the fifth century B.C., Thomas Aquinas and St. Augustine later used this axiom to prove that the universe needed a “first mover” to get things going. Even if the whole thing began with some kind of “Big Bang” moment, it still needed a banger to bang it. Who? God, of course.
What positive steps can we take? The energy that is now expended by well intentioned, freedom-seeking individuals on the destructive course of politics can be turned into powerful steps that will have a positive effect on the future. All are moral, right and just. None require aggressing. Consider the following...
The Affordable Care Act creates a new health insurance marketplace (the exchange). But because of the great uncertainty about what buyers will enter the market and who will buy what product, the law creates three vehicles to reduce insurance company risk.
Politicians and bureaucrats are notorious for manufacturing euphemisms -- clever but deceptive substitutes for what they really mean but don’t want to admit. That’s how the phrase “revenue enhancement” entered the vocabulary. Some of our courageous friends in government couldn’t bring themselves to say “tax hike.”
“It is difficult to make predictions, especially about the future,” says a proverb often attributed to Yogi Berra. Imagine the world of freedom, or lack of it. Who could foresee the technologies that make our lives so rewarding and convenient? The same technologies have us all under the government’s giant microscope. Thankfully, the brave have turned the microscope around.
In the months since Edward Snowden revealed the nature and extent of the spying that the National Security Agency (NSA) has been perpetrating upon Americans and foreigners, some of the NSA's most troublesome behavior has not been a part of the public debate.
National Treasury Union President Colleen M. Kelly recently described the 2014 IRS budget allocation as “woefully inadequate.” But the agency has not proven itself to be an efficient steward of taxpayer dollars. Here are ten ways the IRS lost the trust of the American people.
It’s easy to be negative about the U.S. economy these days. Find a glint of silver, and folks come running to point out all of the dark clouds looming about. This, of course, is what we got last week when the monthly jobs report was released from the U.S. Department of Labor (DOL). Folks pooh-poohed the number of jobs and whining that they’re not enough or that it’s less than a bunch of economists thought that it might be. But you know what? Stuff ’em.
Given how poorly states like California and Illinois have funded the pension funds for their own employees, one would think that this would stop dead in its tracks any plan to have the government assist in managing private sector funds too. The spate of recent activity, however, suggests otherwise.
Facts are easy. You can check facts. What supporters of the Affordable Care Act are doing, on the other hand, transcends factual bungling. It’s far more advanced: a warping of reality so debauched it looks like something out of a tale by H.P. Lovecraft.
The problem for NSA apologist is that when guys like Snowden disclose that the government conducts comprehensive surveillance in ways that would have made 1984’s O’Brien drool, it puts the entire progressive agenda in jeopardy.
Obama has been too quiet lately. And when he does speak, he says little of substance. For example, on the looming fiscal cliff that has America panicked, he held a press conference on Nov. 28 to urge people to tweet Congress.
The only hard policy statement included was a reiteration of his well-worn proposal to not to raise taxes on families earning less than $250,000 a year.
Tweets? Really? Why not have a bake sale?
In Everybody’s Autobiography (1937), the American expat Gertrude Stein expressed the futility of returning to her childhood home in Oakland, Calif., by writing, “There is no there there.” The phrase has come to indicate something that is empty of meaning or substance.
People who make the mistake of listening to Obama’s rhetoric often conclude there is no there there. His plans usually consist of sermons in which his voice rises and falls to emphasize phrases like “American exceptionalism” and “social justice.” They are packed with promises, but lack substance as to how anything will be accomplished. People should stop listening; they should start watching, instead, because the substance of Obama is not at the podium, but in the regulatory and other agencies he is creating to enforce de facto law without going through Congress.
OBAMA’S POLITICAL METHODOLOGY
In his crusade for a second crack at the presidency, Obama made many promises. He pledged to create “1 million manufacturing jobs by 2016″, to cut “oil imports in half by 2020,” and “cutting in half the growth in college tuition over the next 10 years. The means to accomplish these goals consisted of vague references to reforming tax codes and establishing “a new network of 15-20 manufacturing innovation institutes,” etc.
During his Sept. 6 speech to the Democratic National Convention, however, Obama gave particular emotional stress to one passage. “It will take more than a few years for us to solve challenges that have built up over decades. It will require common effort, shared responsibility, and the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one.”
Obama has long prided himself on being a political reincarnation of FDR. For years, talking heads in the media have piled on to debate the similarities and differences between specific policies of the two presidents. This approach misses the point. Of course, their specific policies differ. The circumstances of their presidencies differ. For example, the outright confiscation of gold executed by FDR in 1933 is not likely to occur under Obama, because gold no longer serves the same political and economic purpose as it did in the 1930s; the U.S. is no longer on a gold standard.
The essential similarity lies in the political methodology of both presidents. The surface of the methodology is the application of charisma backed up by vague promises that bulge with noble phrases. The depth is the imposition of measures through backdoor means that bypass Congress and receive little to no public attention.
For example, during his presidency (1933-1945), FDR issued well over 3,000 executive orders. (The number varies depending on the type of order included.)
Generally speaking, an executive order is a presidential directive that implements policy, often by reinterpreting the Constitution or existing federal statutes. The order does not require participation by Congress and avoids public debate. Yet these orders are powerful political devices. For example, Executive Order 9066 authorized the internment of tens of thousands of Japanese-American citizens during World War II.
To date, the strongest methodology parallel has been the creation and expansion of regulatory agencies. A regulatory agency is defined as “a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity”. In short, the agency dictates how life must be conducted in a sprawling range of areas from agriculture to human organ transplants, from airline travel to cutting hair.
The structures created under FDR were called alphabet agencies. Some were established by executive order, others by acts of Congress. More than a hundred government bodies dictated a New Deal for Americans that intruded government into virtually every corner of daily life. The alphabet agencies included: the Housing Authority, the Tennessee Valley Authority (TVA), the National Labor Relations Board (NLRB), the Farm Security Administration (FSA), and what later became the Federal Aviation Administration (FAA). The power vested in them was immense. For instance, the director of the Office of Censorship could censor international communications at “his absolute discretion.” Many, like the Social Security Administration, had a profound impact on the basics and organization of American life that lasts to this day.
Under Obama, a similar proliferation of regulatory agencies and “czars” has occurred. “Czar” is the unofficial and popular label given to a high-level official appointed by the executive branch to oversee a policy or agency. For example, Obama’s intellectual property enforcement coordinator is usually referred to as the copyright czar. (The term came into popular usage during FDR’s tenure.) The number and faces of Obama czars vary widely over time, but as of May 23, there were 57 of them.
On Nov. 14, The New York Times reported of Obama’s second term, “Already, the Obama administration has been moving to install tougher regulators than it had in the early part of its tenure.” The new regulators “are likely to be less intimidated by the specter of being hauled in front of Congress and yelled at, especially by House Republicans.” Regulatory agencies and czars — the enforcement arms of the executive — will be paying no heed to Congress. And as long as they fly under the radar, they need not worry about public opinion. The agencies will be free to impose Obama’s sweeping New Deal on America.
WHERE THE REAL POLITICS ARE HAPPENING
To understand the political street fight that is American society, you need to turn away from Obama’s distracting sleight-of-hand speeches. You need to watch the regulatory agencies. Congress may be in gridlock, but the agencies are implementing presidential policy at a gallop.
Consider just one example: the Environmental Protection Agency (EPA).
A Nov. 19 article in the National Review opened, “On Friday, the Environmental Protection Agency rejected petitions from the governors of Georgia, Texas, Arkansas, Delaware, Maryland, New Mexico, and North Carolina to suspend the biofuel-blending requirements established by the federal Renewable Fuel Standard (RFS) program.”
The petition asked for relief from the program’s requirement to convert corn crops into ethanol. National Review explained, “The 2012 target is to blend 13.2 billion gallons of biofuel into our gasoline, a quantity that ratchets up to 13.8 billion gallons in 2013. This year, about 4.7 billion bushels, or 40% of the nation’s corn crop, will be consumed by ethanol manufacturing.” The petitioning states are economically reeling from “the worst drought in 50 years,” and the EPA czar has the power to waive the program’s requirement. She chose not to.
So some food will become significantly more expensive in 2013. Those who follow the EPA know to stock up right now on specific goods that are dependent on corn.
Politics are being played out on the street level of regulation, not on the theater level of White House press conferences. The words coming out of Obama’s lips are distractions. Regulation is where you find the there.