Tom Moran, editor of the Star-Ledger, New Jersey’s largest newspaper, does his best to be a journalistic “hit man” in his piece, “NJ State Sen. Mike Doherty’s Ron Paul endorsement is revealing.” Moran, an unabashed left-winger, lists a couple of Rep, Paul’s core positions—eliminating the income tax and abolishing the Federal Reserve. In addition, Moran correctly points out that Rep. Paul “considers Medicare and Medicaid” to be unconstitutional.”
Archive for the ‘Federal Reserve’ Category
Warren Buffett: Great investor, lousy economist
21
Sep
The Oracle of Omaha is at it again. Instead of doing what he does best, make money for his shareholders, Mr. Buffett is complaining that rich folks like him do not pay enough taxes to support the welfare-warfare state. Of course, Mr. Buffett did not say that exactly, but that is the implication of his August 14, New York Times op-ed calling for the federal government to stop “coddling” billionaires like him and raise taxes on the mega rich. President Obama has taken Buffett’s ideas about taxing the rich to make it a central initiative in his plan to reduce the deficit over the next ten years.
Ron Paul and the Constitution
17
Sep
Today is Constitution Day. Although the constitution granted the federal government a few powers enumerated in Article I Section 8, the 200+ year experiment in “democracy” has been a failure. Now, the federal government has a virtual blank check—engaging in preemptive war, allowing the FED to create money out of thin air, creating Ponzi schemes, permitting sexual assaults at the airports by government employees in the name of security, and the list goes on and on.
Ron Paul and the seven clones
13
Sep
At Monday’s CNN/Tea Party debate, Wolf Blitzer said in his opening remarks that the candidates would get equal time to answer questions. For the first half hour or so, he appeared to have kept his word. After that, the debate turned into the Romney/Perry debate with Bachmann thrown into the mix to boost her failing poll numbers.
Ignore the pundits, Ron Paul is winning big
08
Sep
Despite being asked the least amount of questions at the NBC/Politico debate at the Reagan Library on September 7, Rep. Ron Paul is winning even though he is only third in the national polls. How is that possible? Because the other candidates are sounding more and more like Ron Paul as the primary season unfolds.
Good default, bad default
27
Jul
On August 15, 1971, President Nixon announced to the world that the U.S. Government is defaulting on its promise to redeem dollars to foreign institutions that had the right to exchange their greenbacks for gold at the official rate of $35 dollars per ounce. This is in an example of a bad default because the U.S. Government had the legal obligation under the 1944 Bretton Woods agreement that shaped the postwar international monetary system to maintain the dollar as the world’s reserve currency by making it redeemable into gold at a fixed rate.
Raise the debt ceiling…to $100 trillion
13
Jul
The negotiations between President Obama, Speaker of the House Boehner and other Republican congressional leaders about raising the debt ceiling and cutting the deficit have stalled because the president wants to increase taxes as part of a “balanced approach” to the federal government’s fiscal imbalances. Republicrats assert that higher taxes are “off the table.”
Pick your poison: Ryan’s welfare state versus Obama’s statist vision for America
17
Apr
Rep. Paul Ryan (R-WI), chair of the House Budget Committee, and all but four of his fellow Republicans passed a budget for fiscal 2012 on April 15. No Democrat voted for the Ryan budget. The Senate, controlled by the Democrats, will not approve Mr. Ryan’s “path to prosperity.”
GE pays zero federal taxes…so should you!
27
Mar
The New York Times, in a front-page article, reported that General Electric paid no federal income taxes in 2010. Should Americans be angry that one of the world’s largest corporations paid no federal income tax while middle income and upper income Americans pay federal, state and in some cases city income taxes?
Impeach Obama…and most of Congress, too
21
Mar
The United States and other nations have launched a so-called humanitarian military campaign sanctioned by the United Nations against Libyan dictator Muammar Khadafy because he continues a relentless assault against a rebel uprising. The principle that a world organization can approve an attack on a sovereign nation—admittedly a country run by a dictator—is the height of arrogance and in the final analysis self defeating.
Another brief encounter with Paul Krugman
26
Feb
On Friday evening February 25th Paul Krugman, president of the Eastern Economic Association, gave an address to a several hundred economists who were attending the organization’s annual conference in New York City. Krugman’s talk, “The profession and the crisis,” was quintessential Krugmanesque–well organized, witty, occasionally sarcastic, and full of errors, especially during the Q&A. However, it was heartening to listen to a Nobel Laureate in Economics admit, “Economists blew it,” as far as recognizing the housing bubble and the severity of the bust.
Obama’s vision: more crony capitalism and foreign intervention; the GOP response: we support the welfare-warfare state, too
27
Jan
While I was driving home Tuesday evening, I listened to President Obama’s State of the Union address for a few minutes on the radio. Obama’s speech was vapid with an insightful phrase thrown in here and there to show he really is a champion of free enterprise and middle-class values. Obama sounded like a cross between Vince Lombardi and the head of the Chamber of Commerce.
Tax cuts, the federal budget and the case for zero taxation
18
Dec
President Obama signed a bill on Friday extending the current tax rates for another two years. The tax bill also reduces an employee’s payroll tax rate by 2% for one year and extends unemployment benefits for 13 months. However, the bill will not help the long-term unemployed who have exhausted their benefits. In addition, several tax breaks scheduled to expire on December 31 will continue into 2011. Read the rest of this entry »
The liberty dream ticket for 2012: Ron Paul and Mike Doherty
13
Dec
With the announcement last week that Congressman Ron Paul will chair the House Financial Services subcommittee on domestic monetary policy, Dr. Paul’s media exposure has risen exponentially. Today, the New York Times has a front-page article about the congressman, without any snide remarks that would typically be included in a piece about “Dr. No.” On Sunday, the Week in Review section of the New York Times ran an article about Congressman Paul and the Federal Reserve.