Besides, I am for cutting entitlements just like the Tea Party folks---Medicare, Social Security, Farm Programs, Housing and Business Subsidies, Federal Disaster Aid to the idiots living on flood plains, etc., etc. The only difference is that I would cut defense spending and end the wars in Afghanistan and Iraq (we are going to lose, in the end, like Viet Nam, because we have little understanding of the history of the region). It is time we put all this smaller government rhetoric to the test with the voters. It is also time to teach the voters the real cost of ignorance. I am most excited about stopping the redistribution of resources from wealthy, high tax states like Minnesota, Wisconsin, California, New York, Washington, Oregon, etc. to many Southern and Western States. (Google Balance of Payments to the States for details.)
Wednesday, May 19, 2010
Besides, I am for cutting entitlements just like the Tea Party folks---Medicare, Social Security, Farm Programs, Housing and Business Subsidies, Federal Disaster Aid to the idiots living on flood plains, etc., etc. The only difference is that I would cut defense spending and end the wars in Afghanistan and Iraq (we are going to lose, in the end, like Viet Nam, because we have little understanding of the history of the region). It is time we put all this smaller government rhetoric to the test with the voters. It is also time to teach the voters the real cost of ignorance. I am most excited about stopping the redistribution of resources from wealthy, high tax states like Minnesota, Wisconsin, California, New York, Washington, Oregon, etc. to many Southern and Western States. (Google Balance of Payments to the States for details.)
Wednesday, May 5, 2010
Please find attached an interesting, reasonably well-documented study of the job creation impacts of the $787 billion stimulus package. While I still have longer term concerns about the aggregate personal and government debt, I did not believe the stimulus would work this well. Corporate profits have been surprisingly consistent and strong. While consumer spending is on the rise, it looks like it is coming from savings and income increases rather than borrowing, which is also positive. Consumables need to be replaced but big ticket items like cars and houses are not necessary purchases.
http://www.cbo.gov/ftpdocs/110xx/doc11044/02-23-ARRA.pdf
