Federal Government
Letting housing prices fall to clear the market–what a concept!
The New York Times is reporting that the federal government’s efforts to prop up the sagging housing market have not worked (what a surprise!); the housing market is still mired in a depression. Instead of calling on the federal government to “stimulate” the housing market to prop up demand—and prices—analysts are now calling for the unthinkable just a few months ago, letting housing prices find their equilibrium levels in a free market.
Christie, Schundler, Obama and education
The federal government will finish this fiscal year, ending September 30th, with a $1.4 trillion deficit. Instead of reining in federal spending to get its fiscal house in order, the Obama administration is desperately trying to “stimulate’ the economy with money it does not have, including sending more money to public school’s via a competition, “Race to the Top,” supposedly to enact “education reform.”
Obama’s prescription for disaster
Below are the prepared remarks I made at the New Jersey Doctors Tea Party meeting in Teaneck on Sunday (August 29, 2010). The event was sponsored by the Association of American Physicians and Surgeons, the nation’s leading free market health care advocate. Membership is open to physicians and the general public. I urge you to join
Thank you Alieta for inviting me to speak today. I missed the Doctors Tea Party event on August 7 in New Brunswick and am thrilled to be here today. Please take notes the material presented today, it will be on the midterm. Everything you hear today will be meaningless if the Mayan calendar is correct.
Social Security: America’s 75 year old chain letter
The Social Security program turned 75 years old on August 14th and the political class and their allies in the media, academia and the business world toasted the event extolling the virtues of America’s longest and largest chain letter. Make no mistake about it; Social Security is a chain letter. Think of Social Security as Bernie Madoff on steroids.
Liberty, Independence and Elena Kagan
One of the greatest achievements of the human race was the Declaration of Independence. The Declaration stated unequivocally that government is created to protect the natural rights of the individual.
It’s the spending and the income tax, stupid
The New Jersey state budget is in perpetual crisis. Every year the governor and the legislature engage in the June 30th soap opera: Will a budget be in place by the June 30th deadline? Or, will there be a state shutdown because the legislature failed to pass a budget in time for the upcoming fiscal year?
Sean Hannity is a liberal…or worse
Sean Hannity supports the war on drugs. Libertarian journalist John Stossel supports the legalization of all drugs. Hannity, a self-described conservative, grudgingly admitted that he could support the legalization of marijuana but never the legalization heroin or crack cocaine. Hannity and John Stossel “duked” it out for a few minutes on Stossel’s Fox Business Cable weekly show last week, debating the merits of drug legalization. › Continue reading
Another reason to abolish the income tax
Bernie Madoff’s Ponzi scheme ripped off thousands of investors, foundations, colleges and universities, and financial institutions for as much as $50 billion. Over the years, investors paid taxes on capital gains and interest their accounts supposedly generated for them. But after Madoff confessed to the largest private Ponzi scheme in history did investors realize they had been victimized twice, once by Bernie and the second time by the government that taxed their nonexistent gains.
Consolidation is in the air: How about Bergen County to the City of Bergen?
For years governors, legislators and others have been advocating “shared services” as a way for towns to hold the line on costs and thus halt the rapid rise of property taxes that has been plaguing New Jersey municipalities for decades. The Legislature may get an opportunity to do more than just advocate shared services; it may force Teterboro in Bergen County to be split among the four adjoining municipalities. › Continue reading
Guest column, Dr. Alieta Eck
ObamaCare, Tried in Greece, Leads to Bankruptcy, Rioting & Bloodshed
Some people learn from others’ mistakes, and some have to “learn the hard way.” Will America follow the lead of countries who have actually tried their own version of ObamaCare, or could we still learn from their mistakes? In a remarkable statement, the International Monetary Fund has recommended that, before any bailouts are considered, the Greek government must privatize transportation, energy and health care to rein in costs. The IMF recognizes that increased government involvement in health care does not save money. It also does not lead to better health care.
The economy sucks: Thanks Obama and Bush, Bernanke and Greenspan and the gang of plunderers AKA as the Congress of the United States
If the U. S economy is recovering from the financial crash and housing bubble of the past several years, it is at best a subpar performance, given the employment data that was released last Friday. Although 431,000 new jobs were created in May, the vast majority were temporary census positions (411,000). The private sector increased the number of jobs by 41,000, and the unemployment rate declined slightly to 9.7%.
Choose free enterprise
Governor Christie announced the creation of a nonprofit organization, Choose New Jersey, to help revitalize the state’s economy. The mission of Choose New Jersey is to market New Jersey’s “strategic strengths” by making the state more attractive for businesses to relocate here and expand their operations if they are already doing business in the Garden State.
Now they’re worried about debt?
So-called Blue Dog Democrats in the House of Representatives are worried about the latest bill to increase spending and raise taxes before the May 31st deadline, when extended unemployment benefits and Cobra health insurance subsidies expire. The $146 billion spending bill may not be voted upon by today, the last working session before the end of the month, unless the House will meet on Memorial Day weekend–a highly unlikely situation even for the most committed welfare state advocates in Congress who want to spend, spend, and spend.
The financial collapse is accelerating
In an New York Times op-ed, “Easy Money, Hard Truths,“ hedge fund manager David Einhorn lays out the case that we should not worry about future generations feeling the pain of a huge national debt, unfunded liabilities and a weak economy. Instead, Mr. Einhorn argues that the imbalances in our economy are going to get worse, because he observes “I don’t see the political will to steer the country away from crisis.” The most recent crisis that just passed was “fixed” by massive government “stimulus” and a heavy dose of easy money. And more easy money is on the way.
Rand Paul is right, Rachel Maddow is wrong: anti-discrimination laws discriminate
As I predicted Wednesday, the demonization of Rand Paul has begun. On Wednesday evening Paul was a guest on Rachel Maddow’s MSNBC show and was asked about his support of the 1964 Civil Rights Act, the landmark legislation that bans discrimination in so-called public accommodations (i.e., private businesses) and government facilities on the basis of race, color, sex and national origin.