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Monday, July 13, 2015

Miscellany: 7/13/15

Quote of the Day
A person's maturity consists in having found again the seriousness one had as a child, at play.
Friedrich Wilhelm Nietzsche

Image of the Day



Funny Satire About Obama, "Gay Marriage", and Executive Orders

I first heard about this satire in a FB thread (maybe one of the Oregon baker threads) where one of the commentators sarcastically commented what he was really upset about was the new US flag. At first I thought it was the Onion. It plays on Obama's lawlessness in issuing unconstitutional Executive Orders and the photo op gimmick of bathing the White House in rainbow lights after the recent "gay marriage" SCOTUS:
President Obama who ordered the White House to be lit in rainbow colors this past Friday said, “Our nation was founded on a bedrock principle that we are all created equal. The project of each generation is to bridge the meaning of those founding words with the realities of changing times — a never-ending quest to ensure those words ring true for every single American. In recognition of the recent ruling by the Supreme Court I have signed Executive Order 13962 ordering all federal buildings to fly the Rainbow U.S. Flag on the 4th of July starting this year.” Walmart, eBay, and Amazon who last week stopped selling the Confederate flag will have 5 million Rainbow flags supplied by the government to distribute free to its customers.
Facebook Corner

(Rand Paul 2016). It is possible to tackle an issue without attacking people.
The headline is false. If you oppose liberalized immigration, you are not only an economic illiterate, but a morally corrupt bastard.

(Rand Paul 2016). "It's ironic someone who has been driven around in a limo for the past 30 years is giving ride sharing advice." -Rand Paul
The Fascist Queen (as I write this, Queen's "Killer Queen" is playing in the back of my mind). When a "progressive" starts talking about an "economic plan", beware of economic growth-killing Statist tax/spending/regulatory creep. When will these economic illiterates ever learn is the best way for government to grow the economy is to get the hell out of the way?

(Cato Institute). "Among other things, Hamilton was – what would today be called – a first-class financial engineer. He established a federal sinking fund to finance the Revolutionary War debt. He also engineered a large debt swap in which the debts of individual states were assumed by the newly created federal government. By August 1791, federal bonds sold above par in Europe, and by 1795, all foreign debts had been paid off. Hamilton’s solution for America’s debt problem provided the country with a credibility and confidence shock."
"And as a practical matter, Hamilton argued that good government depended on its ability to fulfill its promises. Hamilton won the argument and set about digging the country out of its financial debacle. Among other things, Hamilton was – what would today be called – a first-class financial engineer. ... By August 1791, federal bonds sold above par in Europe, and by 1795, all foreign debts had been paid off. "

What has Jack Lew done on his watch? The public-held debt, including foreign holders of deht, has already more than doubled on Obama's watch, while Obama has done zero over the deteriorating position of unfunded entitlement liabilities. The $10 bill needs removal of Jack Lew's signature, not the picture of America's greatest Treasury Secretary.

(FEE). Bernie Sanders says he's here to save the middle class. The only problem is that it doesn't need saving. 
Poor populations in the US? Looks like they're doing better, too. And it looks like income mobility has been relatively unchanged. 
 "Progressive" economic illiterate trolls (Nick and Mark) don't know what the hell they are talking about. A lot of income inequality studies are not longitudinal. For instance, my highest nominal income was in 1999 (not upper 1% income, People often shift among quintiles. Don Boudreaux and Mark Perry point out that: a huge influx of workers into the workforce over the past few decades (particularly women) had a moderating effect on wages (this is why, for instance, labor unions oppose liberalized immigration), i.e., apples-and-oranges labor forces. Second, most income surveys only look at wages vs. benefits--although benefits, especially healthcare, are fungible and high cost. Finally, the "essentials" account today about one-third vs. half of budgets decades back. Not to mention there's a quality tradeoff in medicine, technology, etc. What I pay for a laptop computer today is little more than a down payment on what I paid 20 years ago, but today's PC is far more powerful and enabling. So stop peddling bullshit. There are problems, but almost all of the problems start with the government.

(IPI). For the past several years, Michigan had a higher percentage of its residents on food stamps than any other Midwest state. But not anymore.
Illinois now has a higher portion of its population on food stamps than any state in the Midwest.
 Illinois policy lies again:
I haven't seen the fascist OP provide any "evidence" that Illinois isn't the food stamp parasite in the Midwest. He just seems to be running his mouth to be contrary to ANYTHING IPI says: if IPI said the night was black, he would probably accuse them of being a mouthpiece for the Koch brothers. Listen, you lazyass jerk, being in a state of denial isn't a virtue; put up or shut the hell up.

Marriage and Family









Political Cartoon

Courtesy of Bob Gorrell via Townhall
Musical Interlude: My Favorite Vocalists

Dionne Warwick, "Whisper in the Dark"