Regulations Govern Our Lives - Then Send Us The Bill
Congress is authorized to write legislation, but Congress has recently developed the tactic of writing vague legislation and instructing executive agencies to develop regulations to fill in the details. This practice comes with a great price both in terms of the expanding government and the cost of compliance.
Tonight's Crazy Story:
Florida Woman, 93, Reaches End of the Road After 576,000 Miles In Her 1964 Mercury
Rachel Veitch's car is preparing to reach its final resting place after she was forced to stop driving due to eye problems. The 1964 Mercury Comet Caliente has over 576,000 miles.
Topic One: Debt and Taxes
Congratulations to the United States, who achieved the top spot for highest corporate taxes this week! Rick Moran points out at American Thinker: "Only recently have GOP candidates been pushing a corporate tax cut that would make us more competitive. Mitt Romney has made it the centerpiece of his plan to revitalize the economy. Of course, the Democrats resist the idea, unless there are corresponding tax increases on the "rich," although they don't object to the concept of a corporate tax rate cut. It's a dubious honor to be sure, and one that must be rectified before we can experience the kind of strong growth that will pull us out of the hole we're in."
The Problem of the Nonmetallic Dollar: "From George Washington to Dwight D. Eisenhower, the national debt tended to grow in wartime and shrink in peacetime. Because the dollar was generally convertible into gold or silver at a fixed and statutory rate, the central bank, when there was a central bank, couldn't just materialize money as the Federal Reserve does today. You had to dig the metal out of the Earth, or entice it into American vaults with money-friendly financial policies. The Treasury could borrow, all right, but not without limit. Wars aside, the government paid its way like a man with a debit card. Washington, D.C., got its credit card on Sunday, Aug. 15, 1971. Pre-empting the horse opera "Bonanza," President Richard Nixon told a national television audience that the gold standard, or what little of it remained, was kaput. No more would the dollar be defined in law as 1/35th of an ounce of gold. It would rather be anchored by the good intentions of the people who printed it. There has never been a credit card quite like the nonmetallic dollar."
Ed Feulner on America's Fiscal Insanity: "Fast forward to 2012, and the notion of “perpetual debt” is no longer a condition to be avoided. It’s a reality we must confront -- a crisis we must solve. This is especially true because, as Jefferson warned, our very liberty is at stake if we fail to do so. Remember the clash on Capitol Hill last year over raising the debt ceiling? It may have seemed like a huge battle at the time, but it was merely a holding action -- a rear-guard maneuver to buy a little time. Because which direction has federal spending gone since then? Up, of course, soaring toward new record levels and endangering our economic future. We can’t put off the day of reckoning forever."
Time for a Laugh:
"Yesterday was April Fools' Day. Mitt Romney's staffers played a prank on him by staging a fake campaign event in an empty room — or as Newt Gingrich put it, "My staff has been playing that prank on me for six months."
Topic Two: The Hypocrisy of Justice
Justice for Trayvon, but not for slain border agents? "People Magazine has an angelic-looking Trayvon Martin on its cover this week with the headline "An American Tragedy." I agree. Whenever a mother loses a child, it's a tragedy. So I searched People's archives for cover photos of slain Border Patrol Agent Brian Terry and ICE agent Jaime Zapata. Both died in service of their country, both killings involved questionable circumstances, and both Mrs. Zapata and Mrs. Terry are still waiting for answers a year later. Despite the volatile and controversial circumstances surrounding the slayings of Terry and Zapata, my search turned up zero cover stories at People. None."
No one is trying to make light of this tragedy. However, many of the same people crying out for justice in the Trayvon shooting have no concern about the fact that the Holder Justice Department may have let guns walk and then had those guns end up murdering border agents. They have no concern for the crimes being committed by the New Black Panther Party, including voter intimidation in 2008. No, apparently the Justice Department is only concerned with the murder of someone who could look like the President's (fictitious) son.
( As of Monday, April 2, 2012 )
Your share as a citizen: $49,994.44
Share per household: $136,737.34
Debt since Obama inauguration: $4,993,448,949,49
Topic Three: Overregulation
The regulatory bill: "The cost of regulation, in 2010, according to this source, was $1.75 trillion, or about $15,000 per household -- almost as much as the average family spends on housing. And Cass Sunstein, head of the White House Office of Information and Regulatory Affairs (OIRA), wrote in 2011 that all is just fine because the Office of Management and Budget (OMB) says regulations cost no more than $62 billion annually. If the current regulation cost is fine, I would hate to know what is not fine with Sunstein. The cost of a regulation should not be passed on to me (usually in the form of higher prices) just because someone, for whatever reason, doesn't practice due diligence. Can political policy have the same effect as regulations? President Barack Hussein Obama's "green energy" policy has the same effect as regulations because it dictates how we live and how our tax dollars are spent."
Could killing ObamaCare put the regulatory state at risk. "The Supreme Court is being asked to decide if the individual mandate under Obamacare exceeds the authority of congress to create it. In other words, are there, or are there not, limits to the powers of government - even if the exercise of those powers would be a positive good in the eyes of many? Why this should be considered "activism" is a mystery. SCOTUS is performing the task that it took upon itself in the Marbury v Madison case 209 years ago; it is reviewing a law to determine its constitutionality.The fallout from that case long ago is still with us today in the form of strong, equal but separate branches of government."
Tweet of the Day:
Kevin Eder (@keder):
For the first time in recorded history, liberals are questioning the authority of unelected judges. Imagine that.
Topic Four: Energy
Where are all the "green jobs"? "The private sector had 2.3 million GGS jobs and the public sector had 860,300.” The 2.3 million represents about 2.1% of all private-sector employment. Assuming BLS’s figures are right (if anything, they’re high), the Obama administration and the Democratic Congress which enabled it have been staggeringly irresponsible in throwing so much money at that portion of the economy. In fact, 7.7 million seasonally adjusted private-sector jobs were lost from January 2008 until June 2009, the official end of the recession; overall job stagnation continued for twenty months after that. Even if Team Obama thought they could increase GGS employment by 50%, and bravely assuming they could manage such an enterprise (it has been since shown beyond doubt that they didn’t know what they were doing), it still would have only replaced 15% of the jobs lost."
Politics kills energy: "It’s been more than three years since Barack Obama was elected on a pledge to “transform” America. Two of the industries in his sights were health care and energy. Whether he will get to realize his vision of a government-managed health care system depends now on the Supreme Court, which will decide, probably in June, whether Obamacare is constitutional. That leaves energy on the president’s to-do list. It is no easy thing to pin down his position on energy matters, since he gathers disparate policies under the banner of “all of the above”—not exactly a slogan that reflects a willingness to make tough choices. Add to that his confession (to Russia’s current president) that he will have more “flexibility” after the election, and one must be careful in accepting his election year policy statements. So this past week we have the president declaring that he would like to leave office with America on the road to sharply reducing its use of fossil fuels—oil, coal, natural gas—and relying more heavily on wind, solar, and other renewable sources of energy, including most recently algae."
Food for Thought - A Quote from our Founders
"I would rather be exposed to the inconveniencies attending too much liberty than those attending too small a degree of it."
Topic Five: Health Care Riders
Much has been said about the "free riders" using the health care system for care on other people's money. Betsy McCaughey discusses how not every uninsured person falls into this category: "The Obama administration's lawyers argued that all Americans consume healthcare, therefore they are engaged in health commerce, so Congress can use its commerce power to compel them to buy insurance. The premise — that all Americans consume healthcare — is false. Yet it was repeated over and over during the oral arguments in the high court, and virtually no one challenged it. The truth is half of Americans consume virtually no healthcare."
Mandates and free riders: "In general, people who are uninsured consume about half as much health care as those with insurance. Of that amount, they pay about half from their own resources, leaving the rest as bad debt. At the National Center for Policy Analysis, my colleagues have estimated that the amount of free care is about $1,500 per uninsured person per year. So to prevent me from becoming free rider, the government could impose a tax on me equal to that amount. Note, however, that uninsured middle-income families are already paying higher taxes because they do not have the tax-subsidized (employer-provided) insurance their neighbors have. Far from being free riders, these families appear to be paying their own way. Of course, the extra taxes the uninsured pay tend to go to Washington, while uncompensated care tends to be delivered locally. This mismatch of revenue and expense is not caused by the uninsured, however. It is the result of government not having its act together."
Tomorrow in History
April 4, 1949 - Twelve nations become founding members of the North Atlantic Treaty Organization (NATO).
Grab Bag - Interesting and Important Stories to Conclude Your Evening:
What can kids and baseball teach us about life?
Americans care about the Constitution
The conservative court
A constitutional republic, not a democracy
Will national ID mean total control?
What election fraud?
The flexible flip-flopper
Your tax money hard at work
Occupy the EPA!
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