The
pursuit of Constitutionally grounded governance, free markets and individual
liberty
"There is but one straight
course, and that is to seek truth and pursue it steadily." --George Washington
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Americans fear government more than terror
Astonishing poll results for 1st time since
9/11 hijackings by Drew Zahn
According
to a pair of recent polls, for the first time since the 9/11 terrorist
hijackings, Americans are more fearful their government will abuse
constitutional liberties than fail to keep its citizens safe. Even in the wake of the April 15 Boston Marathon bombing – in which a
pair of Islamic radicals are accused of planting explosives that took the lives
of 3 and wounded over 280 – the polls
suggest Americans are hesitant to give up any further freedoms in exchange for
increased “security.” A Fox News survey polling a random national
sample of 619 registered voters the day after the bombing found despite the
tragic event, those interviewed responded very differently than following 9/11.
For the first time since a similar
question was asked in May 2001, more Americans answered “no” to the question,
“Would you be willing to give up some of your personal freedom in order to
reduce the threat of terrorism?” Of those surveyed on April 16, 2013, 45
percent answered no to the question, compared to 43 percent answering yes. Now,
it would seem, the famous quote widely attributed to Benjamin Franklin – “They who can give up essential liberty to
obtain a little temporary safety, deserve neither liberty nor safety” – is
holding more sway with Americans than it has in over a dozen years. A similar poll sampling 588 adults,
conducted on April 17 and 18 for the Washington Post, also discovered the
change in attitude. “Which worries you more,” the Post asked, “that the
government will not go far enough to investigate terrorism because of concerns
about constitutional rights, or that it will go too far in compromising
constitutional rights in order to investigate terrorism?” The poll found 48 percent of respondents
worry the government will go too far, compared to 41 percent who worry it won’t
go far enough. And similar to the Fox News poll, the Post found the worry to be a fresh development, as only 44
percent worried the government would go too far in January 2006 and only 27
percent worried the government would go too far in January 2010.
The Fox News poll
was unique in that it further broke the responses down by political
affiliation:
- Bucking the trend, 51 percent of Democrats responded they would give up personal freedom to reduce the threat of terror, compared to 36 percent opposed.
- Forty-seven percent of Republicans, on the other hand, opposed giving up freedoms, compared to only 43 percent in favor.
- Yet independents were the most resistant, with only 29 percent willing to sacrifice freedom, while 58 percent stood opposed.
Giving up your freedom is
all you will get. As we see time and time
again, the Government is severely limited in its ability to protect its
citizens. Especially from crazed or radicalized
people hell bent on killing innocents!
~~~~~~~
Recession Spreads in Europe, Threatens the USA by Gary North
The
recession in Europe has spread into every large nation. Still, price are
rising. The European Central Bank is powerless. It has officially set lending
rates at 0.75%. Still, the economies are crashing. Greece has a 27%
unemployment rate. So does Spain. Now there is talk
of a rate cut by the ECB. To which I respond: So what? If a business will not borrow at 0.75%, why would it borrow at
0.5%? Why would a one-third cut encourage businesses to change their policies?
With rates this low, there is nothing the ECB can do about it. It can
buy more IOUs from governments. But banks in Europe are imitating banks in the
USA. They are adding to excess reserves. This reduces the money multiplier,
i.e., fractional reserves. The economy does not recover as expected. Prices do
not rise much, but neither does official economic growth. The
Keynesians are stuck. They recommend larger government deficits. They
decry “austerity,” meaning reductions in government spending. But the
governments are facing huge deficits: falling revenues and rising welfare
expenditures. They have to find ways to cut spending. Keynesianism rests on a theory: “Government deficits overcome
recession.” But this time, it’s clearly not working. So, they call for even
larger deficits. Keynesians call for a larger ECB stimulus. The ECB may
respond, but Europe’s economy will remain in a slump. Europe appears to have reached what David Stockman has called peak
private debt. So has the USA. But growth in both regions relies on increased
private debt to fund economic growth.
~~~~~~
Hidden truths and facts about the Amnesty Bill
This is a summary
of a Special Three Part Report, by Joseph R. John on the new 884 page
“Border Security, Economic Opportunity and Immigration Modernization Act,”
currently being negotiated in the U.S. Senate by ‘The Gang of Eight’
Senators.
True Number of Immigrants
Eight years ago while serving with the FBI, the press often reported that
there were 11 million illegal immigrants in the US, information I had
access to indicated the numbers were higher. Today, the left of center liberal media establishment still reports
there are 11 million illegal immigrants in the US, indicating for over the
last 8 years not one single illegal immigrant has entered the United
States. Between 700,000 and 1.5 million illegal immigrants enter the US
and take residency each year. If the lower figure of 700,000 were used,
then 5.6 million illegal immigrants would have entered the US over
the last 8 years; using the low
estimate of how many illegal immigrants have taken residency over the last
8 years and the 11 million figure the press has been using for many years,
a very conservative figure of 16.6 million illegal immigrants is a more
correct number that are in the country according to the Wikipedia
study. Another source for the
number of estimated illegal immigrants in the US is to use the number
listed in the NPR’s Study Details Lives of Illegal Immigrants in U.S., of
20 million which is a corrected number often used today in other
editorials.
Using both
studies, the most probable average number of illegall Immigrates in the US
today is somewhere between 16.6 and 20 million; the conservative figure would be 18+ million, not the 11 million
figure promulgated by the press year after year. The 844 page Border
Security, Economic Opportunity, and Immigration
Modernization Act currently being negotiated in the US Senate by the gang
of 8 Senators keeps referring to 11 million illegal immigrants, not the
18+ million illegal immigrates currently residing in the US.
~~~~~~
Time to make teaching a real profession
CHICAGO – Teachers
have somehow gotten themselves exempt from public accountability as a
profession, such as the independent requirements doctors, nurses, accountants,
and others must meet.
The results for 60
million students, their parents, and the general public has been dismaying for
too long. This key current defect has been fostered by the main teacher labor
unions, the National Education Association and American Federation of Teachers.
Hair stylists, barbers, plumbers, doctors, nurses, certified public
accountants, etc., are all accountable professions regulated by state agencies.
They are accustomed to this regulatory licensing regime, which has operated
smoothly for decades. The agencies set minimum education/training
standards, investigate complaints from the public and impose discipline.
But labor union
lobbyists have diluted state teacher licensing requirements, keeping teachers
away from responsibility of minimum standards. Mississippi Gov. Phil Bryant’s proposal to require prospective teachers
to earn at least a 3.0 GPA and above-average ACT score was refused by the state
College Board because that would disqualify half
the young people currently studying to teach. Other professions in
the education realm have also gotten themselves similarly exempt:
principals, administrators, superintendents, librarians, counselors,
clerks, custodians, etc. Their labor unions have worked their power so
far: The average elementary school teacher
has a math and verbal SAT score of 960, below the national average of 1,000.
~~~~~~
Live Action has released
another shocking video, in which they are exposing the rampant procedures of
late term abortions. At Freedom Outpost, we call them murders. Barack Obama
recently said “God to bless you
Planned Parenthood” (obviously he was talking about the false god, Allah, of
the bloody, death cult religion of Islam). The video is the first in a series
titled Inhumane: Undercover in America’s Late-Term Abortion Industry. The
video was captured at the Dr. Emily Women’s Health Center in the Bronx. The
undercover investigator was seeking an abortion at 23 weeks. New York allows
abortions to be performed until the 24th week and deems them legal. Live Action states:
Gosnell is not alone.
Videos document the blatantly inhuman and barbaric acts of abortionists leaving
crying babies to die, or even killing the newborns themselves.
Live Action
President Lila Rose said in a statement:
“The gruesome and inhuman practices exposed in Gosnell’s ‘House of
Horrors’ are business as usual for the abortion industry in America. These
children’s lives are brutally destroyed when they are the most defenseless. This isn’t ‘choice’; this is murder.”
What you are about
to see here will make your skin crawl and it’s not because it is graphic in
video, but in description and the
callousness by the women filmed explaining the barbarism associated with these
murders is horrific. How can we allows such people to even walk the streets
among us? Their ability to try and justify and rationalize their
murderous actions are, as Live Action notes, inhuman. Watch
~~~~~~
Fastest-growing faith on planetis not what you think!
If you have not already heard about the biggest religious movement in over 1500 years, you will - very soon. It's the fastest-growing faith on the planet. And it's not Islam. Millions of miracles and an explosion of small, Spirit-powered churches are heralding this "Mega shift" in Christianity, which has been described as a "vast, cleansing storm" coming to American from abroad. This biblically-inspired, evangelical Christianity is sweeping through places like China, Africa, India and Southeast Asia – making it, by far, the fastest growing faith on the planet. In the book "Megashift," author Jim Rutz coins a new phrase to define this fast-growing segment of the population. He calls them "core apostolic" – or "the new saints who are at the heart of the mushrooming kingdom of God." Rutz makes the point that Christianity is overlooked as the fastest-growing faith in the world because most surveys look at the traditional Protestant denominations and the Roman Catholic Church while ignoring Christian believers who have no part of either. He says there are 707 million "switched-on disciples" who fit into this new category and that this "church" is exploding in growth. "The growing core of Christianity crosses theological lines and includes 707 million born-again people who are increasing by 8 percent a year," he says. So fast is this group growing that, under current trends, according to Rutz, the entire world will be composed of such believers by the year 2032. "There will be pockets of resistance and unforeseen breakthroughs," writes Rutz. "Still, at the rate we're growing now, to be comically precise, there would be more Christians than people by the autumn of 2032, about 8.2 billion."
According to the author, until 1960, Western evangelicals outnumbered non-Western evangelicals – mostly Latinos, blacks and Asians – by two to one. As of 2000, non-Western evangelicals outnumbered Westerners by four to one. That moved to seven to one this year. "There are now more missionaries sent from non-Western nations than Western nations," he writes. This trend, says Rutz, has been missed by Westerners because the explosive growth is elsewhere. Hundreds of millions of these Christians are simply not associated with the institutional churches at all. They meet in homes. They meet underground. They meet in caves. They meet, he says, in secret. They are persecuted my Muslims by the thousands and our country stands by silently!
If you have not already heard about the biggest religious movement in over 1500 years, you will - very soon. It's the fastest-growing faith on the planet. And it's not Islam. Millions of miracles and an explosion of small, Spirit-powered churches are heralding this "Mega shift" in Christianity, which has been described as a "vast, cleansing storm" coming to American from abroad. This biblically-inspired, evangelical Christianity is sweeping through places like China, Africa, India and Southeast Asia – making it, by far, the fastest growing faith on the planet. In the book "Megashift," author Jim Rutz coins a new phrase to define this fast-growing segment of the population. He calls them "core apostolic" – or "the new saints who are at the heart of the mushrooming kingdom of God." Rutz makes the point that Christianity is overlooked as the fastest-growing faith in the world because most surveys look at the traditional Protestant denominations and the Roman Catholic Church while ignoring Christian believers who have no part of either. He says there are 707 million "switched-on disciples" who fit into this new category and that this "church" is exploding in growth. "The growing core of Christianity crosses theological lines and includes 707 million born-again people who are increasing by 8 percent a year," he says. So fast is this group growing that, under current trends, according to Rutz, the entire world will be composed of such believers by the year 2032. "There will be pockets of resistance and unforeseen breakthroughs," writes Rutz. "Still, at the rate we're growing now, to be comically precise, there would be more Christians than people by the autumn of 2032, about 8.2 billion."
According to the author, until 1960, Western evangelicals outnumbered non-Western evangelicals – mostly Latinos, blacks and Asians – by two to one. As of 2000, non-Western evangelicals outnumbered Westerners by four to one. That moved to seven to one this year. "There are now more missionaries sent from non-Western nations than Western nations," he writes. This trend, says Rutz, has been missed by Westerners because the explosive growth is elsewhere. Hundreds of millions of these Christians are simply not associated with the institutional churches at all. They meet in homes. They meet underground. They meet in caves. They meet, he says, in secret. They are persecuted my Muslims by the thousands and our country stands by silently!
~~~~~~
A new front for gun background checks: The Ballot
After struggling to
sway both state and federal lawmakers, proponents of expanding background
checks for gun sales are now exploring whether they will have more success by
taking the issue directly to voters. While advocates generally prefer that new
gun laws be passed through the legislative process, especially at the national
level, they are also concerned about how much sway the National Rifle
Association has with lawmakers. Washington
Rep. Jamie Pedersen, a Democrat who had sponsored unsuccessful legislation on
background checks at the state level, said a winning ballot initiative would
make a statement with broad implication.
Watch your own state legislature and make
sure they get your message.
~~~~~~
Poster-Clown For Why Congress Gets No Respect
Another idiot voted
into Congress by other idiots!
Congressman Hank Johnson (D-GA) was previously best known for his
performance during a defense budget hearing in 2010. During that meeting Johnson opined that the island of Guam, because of
its relatively small size, would tip over and capsize due to overpopulation.
No, he wasn’t joking. If this blinding display of genius isn’t enough
for you, you are in luck. Johnson is not through making your day. On April 25th,
Johnson spoke up again, once again taking the House floor. Was he redeeming
himself by tackling critical fiscal concerns? Focusing, perhaps, on attacks
against Constitutional freedoms? No. According to National Review Online,
Hank Johnson “stood up for some of the most important victims of
congressional gridlock: children’s birthday parties and comedians trying
to make their voices high-pitched.” He was, in short, discussing a bill to continue
the federal government’s sales from the National Helium Reserve. You read that
correctly — helium. In an America
currently besieged on all sides, the Honorable Hank Johnson addressed
Congress by stating: “Imagine, Mr. Speaker, a world without balloons.” A world
without balloons.
~~~~~~~
Low Information Voters
There is proof, just start reading the labels on the things you buy. Yesterday my wife bought some liquid hand soap that smelled simply delicious. In capital letters on the bottle was this warning "THIS IS NOT FOOD, DO NOT EAT". Folks, you cannot make this stuff up. And more, these folks are voting!!
There is proof, just start reading the labels on the things you buy. Yesterday my wife bought some liquid hand soap that smelled simply delicious. In capital letters on the bottle was this warning "THIS IS NOT FOOD, DO NOT EAT". Folks, you cannot make this stuff up. And more, these folks are voting!!
~~~~~~
The Hypocrisy Of Gay-“Marriage” Advocates
A liberal says, “I
support gay marriage because I support the freedom to marry whoever you love.” So I say, “Will you sign my petition to
allow me to marry my two sisters? All three of us are so deeply in love.” And
they suddenly become Puritans. This proves that their support of gay marriage has nothing to do with equality
(they only say it does because it makes them feel righteous, justified,
romantic, sanctimonious); it has everything to do with selfishness, and in some
cases it has to do with actively seeking to destroy the very notion of marriage
in the first place, as one gay-rights activist recently admitted).
They want to destroy marriage because, as they know, marriage is a religious
institution. And liberals by and large seek to eliminate all religions that
differ from their own: Secularism. Which
leads me believe that the religious could coexist with the secular more happily
if only the secular would permit it.
~~~~~~
Donors have a right to question what colleges value
Walter E. Williams is a professor of economics at
George Mason University
Over the past 10 years, I have written columns variously titled “Academic Cesspools,” “Academic Dishonesty,” “The Shame of Higher Education,” “Academic Rot” and “Indoctrination of Our Youth.” Therefore, I was not surprised by David Feith’s April 5 Wall Street Journal article, “The Golf Shot Heard Round the Academic World.”
In it, Feith tells of a golf course conversation between Barry Mills, the president of Bowdoin College in Brunswick, Maine, and philanthropist Thomas Klingenstein. Klingenstein voiced disapproval of campus celebration of diversity and ethnic differences while there’s “not enough celebration of our common American identity.” Because Klingenstein wouldn’t help finance the college’s diversity craze, Mills insinuated, in remarks to the student body, that Klingenstein is a racist. Mills also told students: “We must be willing to entertain diverse perspectives throughout our community.... Diversity of ideas at all levels of the college is crucial for our credibility and for our educational mission.”
Klingenstein decided to check out Mills’ commitment to diverse perspectives by commissioning the National Association of Scholars to examine Bowdoin’s intellectual diversity, rigorous academics and civic identity. Its report – “What Does Bowdoin Teach?” – isn’t pretty. There are “no curricular requirements that center on the American founding or the history of the nation.” Even history majors aren’t required to take a single course in American history. In the history department, no course is devoted to American political, military, diplomatic or intellectual history; the only ones available are organized around some aspect of race, class, gender or sexuality.
Some of the 37 seminars designated for freshmen are “Affirmative Action and U.S. Society,” “Fictions of Freedom,” “Racism,” “Queer Gardens,” “Sexual Life of Colonialism” and “Modern Western Prostitutes.” As for political diversity, the report estimates that “four or five out of approximately 182 full-time faculty members might be described as politically conservative.” During the 2012 presidential campaign, 100 percent of faculty donations went to President Barack Obama.
Despite political bias and mediocrity, in 2012, Bowdoin was ranked sixth among the nation’s liberal arts colleges in U.S. News & World Report and was ranked 14th on Forbes magazine’s list of America’s top colleges. That ought to tell us how much faith should be put in college rankings. I applaud Klingenstein for not making a contribution to a college agenda that is so common today. Wealthy donors are generous but tend to be lazy and uninformed in their giving. They give large sums of money that winds up supporting college agendas that are contemptuous of donors’ values, such as enlightened racism, anti-capitalism and Marxism. A rough rule of thumb to discover modern-day racism is to search a college’s website to see whether it has vice presidents or deans of diversity and diversity programs. If so, keep your money. Recent evidence has emerged that some colleges have become bold enough to hire former terrorists to teach and possibly indoctrinate our young people. That’s the case with Columbia University in the hiring of convicted Weather Underground terrorist Kathy Boudin, who spent 22 years in prison for the murder of two policemen and a Brink’s guard. She now holds a professorship at Columbia’s School of Social Work. Her Weather Underground comrade William Ayers is a professor of education on the faculty of the University of Illinois at Chicago.
Unrepentant, in the wake of 9/11, Ayers told us: “I don’t regret setting bombs. I feel we didn’t do enough.” Bernardine Dohrn, his wife, is a professor at Northwestern University School of Law. Her stated mission is to overthrow capitalism. Ayers and Dohrn, as well as the Rev. Jeremiah Wright, are people who hate our nation and are longtime associates of President Obama’s. That might help in explaining our president’s vision.
What we see on college campuses represents a dereliction of duty by boards of trustees, which bear the ultimate responsibility. Wealthy donors who care about the fraud of higher education should recognize that there’s nothing like the sound of pocketbooks snapping shut to open the closed minds of college administrators.
Over the past 10 years, I have written columns variously titled “Academic Cesspools,” “Academic Dishonesty,” “The Shame of Higher Education,” “Academic Rot” and “Indoctrination of Our Youth.” Therefore, I was not surprised by David Feith’s April 5 Wall Street Journal article, “The Golf Shot Heard Round the Academic World.”
In it, Feith tells of a golf course conversation between Barry Mills, the president of Bowdoin College in Brunswick, Maine, and philanthropist Thomas Klingenstein. Klingenstein voiced disapproval of campus celebration of diversity and ethnic differences while there’s “not enough celebration of our common American identity.” Because Klingenstein wouldn’t help finance the college’s diversity craze, Mills insinuated, in remarks to the student body, that Klingenstein is a racist. Mills also told students: “We must be willing to entertain diverse perspectives throughout our community.... Diversity of ideas at all levels of the college is crucial for our credibility and for our educational mission.”
Klingenstein decided to check out Mills’ commitment to diverse perspectives by commissioning the National Association of Scholars to examine Bowdoin’s intellectual diversity, rigorous academics and civic identity. Its report – “What Does Bowdoin Teach?” – isn’t pretty. There are “no curricular requirements that center on the American founding or the history of the nation.” Even history majors aren’t required to take a single course in American history. In the history department, no course is devoted to American political, military, diplomatic or intellectual history; the only ones available are organized around some aspect of race, class, gender or sexuality.
Some of the 37 seminars designated for freshmen are “Affirmative Action and U.S. Society,” “Fictions of Freedom,” “Racism,” “Queer Gardens,” “Sexual Life of Colonialism” and “Modern Western Prostitutes.” As for political diversity, the report estimates that “four or five out of approximately 182 full-time faculty members might be described as politically conservative.” During the 2012 presidential campaign, 100 percent of faculty donations went to President Barack Obama.
Despite political bias and mediocrity, in 2012, Bowdoin was ranked sixth among the nation’s liberal arts colleges in U.S. News & World Report and was ranked 14th on Forbes magazine’s list of America’s top colleges. That ought to tell us how much faith should be put in college rankings. I applaud Klingenstein for not making a contribution to a college agenda that is so common today. Wealthy donors are generous but tend to be lazy and uninformed in their giving. They give large sums of money that winds up supporting college agendas that are contemptuous of donors’ values, such as enlightened racism, anti-capitalism and Marxism. A rough rule of thumb to discover modern-day racism is to search a college’s website to see whether it has vice presidents or deans of diversity and diversity programs. If so, keep your money. Recent evidence has emerged that some colleges have become bold enough to hire former terrorists to teach and possibly indoctrinate our young people. That’s the case with Columbia University in the hiring of convicted Weather Underground terrorist Kathy Boudin, who spent 22 years in prison for the murder of two policemen and a Brink’s guard. She now holds a professorship at Columbia’s School of Social Work. Her Weather Underground comrade William Ayers is a professor of education on the faculty of the University of Illinois at Chicago.
Unrepentant, in the wake of 9/11, Ayers told us: “I don’t regret setting bombs. I feel we didn’t do enough.” Bernardine Dohrn, his wife, is a professor at Northwestern University School of Law. Her stated mission is to overthrow capitalism. Ayers and Dohrn, as well as the Rev. Jeremiah Wright, are people who hate our nation and are longtime associates of President Obama’s. That might help in explaining our president’s vision.
What we see on college campuses represents a dereliction of duty by boards of trustees, which bear the ultimate responsibility. Wealthy donors who care about the fraud of higher education should recognize that there’s nothing like the sound of pocketbooks snapping shut to open the closed minds of college administrators.
~~~~~~
On Marriage Equality: Live and Let Die by Michael Minkoff
One thing you’ve
got to hand to the libertarian approach: it’s pretty easy to understand. Live and let live. Keep the civil
government out of it. A lot of
libertarians like to talk about how the definition of marriage is not for the
civil government to make. They believe marriage is a private and consensual contract, and it therefore
shouldn’t matter what the civil government says about it. One
libertarian group said, “Real equality would be a government that is not in
charge of marriage.” I agree that the
civil government is not ultimately responsible to define marriage, yet at the
same time, the government must have a
clear definition of marriage in order to enforce the private stipulations of
marriage contracts. Civil government may not be the source of our definition for
marriage, but it must enforce
our definition. The civil government should not be responsible for marrying
people, but it must know all the people in its jurisdiction who are married. Because a distinction must be made between
having jurisdiction over
(“being in charge”) and having jurisdiction in. The civil government, even in a libertarian system,
has the responsibility to enforce the stipulations of contracts. And marriage
is a good bit more than just your everyday contract. When a married couple
produces children and wealth, all of a sudden things start getting very
complicated. This means the civil government needs to have a clear working
definition of marriage. It needs to know who is, and who is not, married. It
needs to have a legal system for what happens when people break marriage
commitments. In other words, the libertarian system for marriage equality works
really well until it doesn’t. As long as people are reasonable and decent, the
civil government need not be involved. But civil government, especially in a
libertarian system, is not around for the normal times or the good and
reasonable people. It’s around for the
times when everything and everyone goes to pot. A good people need almost no
government. But, in case you haven’t noticed, we are not living among a good
and decent people.
~~~~~~
House Panel Rips Obama Over Drilling Permits
The House Natural
Resources Committee has issued a statement lambasting the Obama administration
for dragging its feet in issuing permits for oil and gas drilling on federal
lands. According to the committee’s
statement, it takes the Bureau of Land Management an average of 307 days to
process a permit to drill, nearly twice as long as the 154 days it took in
2005. In Colorado, it takes just 27 days to approve a permit on state
and private lands, and in North Dakota, just 10 days. To put the federal delay
into perspective, the committee claimed that in 307 days, a person can drive
from Washington, D.C., to Los Angeles 154 times, watch the movie “Die Hard”
3,349 times, or hike the entire Appalachian Trail — twice. “President Obama has touted that U.S. oil
and natural gas production is at its highest levels in years, but he’s only
telling half the story,” according to the committee’s statement. “The
recent increase in U.S. oil and gas production can all be attributed to state
and private lands — not federal.” The
committee responded at the time:
“Facts are stubborn things, and that statement simply is not true.”
~~~~~~
Obama’s Cap on Savings Would ‘Penalize Success’
President Obama’s
proposal to limit tax-preferred retirement savings would penalize success and
patience in favor of “the nebulous concept of fairness,” according to one
analysis of the unprecedented plan.
Obama’s fiscal 2014
budget has a section stating: "Individual Retirement Accounts and other
tax-preferred savings vehicles are intended to help middle-class families save
for retirement. But under current rules, some wealthy individuals are able to
accumulate many millions of dollars in these accounts, substantially more than
is needed to fund reasonable levels of retirement saving.” The
budget would limit an individual’s total balance in tax-preferred accounts —
which include IRAs, Roth IRAs, and 401(k) plans — to an amount sufficient to
finance a maximum annuity of $205,000 per year in retirement, or “about $3
million for someone retiring in 2013,” the budget estimates. The budget itself predicts that capping contributions
will increase revenue by only $9 billion over 10 years, which will cover the
current deficit for about three days, The American observes. Plus, the revenue raised isn’t new
revenue. Taxes paid earlier because of the inability to put money into a
tax-preferred plan would otherwise be paid later when the money is
withdrawn. Another problem: “The budget
offers few details on how the government would enforce this cap across a
worker’s various accounts, but you can bet it would be complicated,” The Wall
Street Journal said. “Right now the government doesn’t track tax-deferred
account balances. Financial firms don’t have to send IRS 1099 forms to
investors unless there’s a distribution. So the IRS would get new power to
impose new burdens on millions of taxpayers.”
Hurst concludes: “There have always been income limits on contributions
to the various tax-deferred accounts, but this is the first time there will be
limits tied to the dollars in the account.
“The proposed limits directly penalize success in the management of money
and the patience to let money grow.”
~~~~~~
Only 16% Know Anyone Affected by Sequester Flight Delays
Congress
cited public outrage as the reason for moving swiftly to end flight delays
caused by the sequester. However, very few Americans
were actually impacted. A new Rasmussen Reports national telephone survey finds
that just 16% of all American Adults knew anyone affected by the delays. However, upper-income Americans were far
more likely to have been impacted than those who earn less. And, of course,
most Members of Congress fly home on a regular basis.
~~~~~~
Benghazi Report Revives Troubling Questions By Michael Barone
"What difference, at this point,
does it make?" That was former
Secretary of State Hillary Clinton's angry response to a question about the
State Department's account of the attack on the Benghazi consulate
where Ambassador Christopher Stevens and three other Americans were murdered on
Sept. 11, 2012. Her response was
cheered by leftist commentators on MSNBC. Righteous indignation is so
attractive. But of course it makes a difference. Hillary Clinton is
leading in polls for the 2016 Democratic presidential nomination and general
election. It's always legitimate to examine the performance of a front-runner
for the presidency. And of the president himself. You can find such an
examination in the Interim Progress
Report that five House Republican committee chairmen released last
Wednesday. Democrats complain that this is a partisan effort. Sure, but Democrats are free to present their own
view of the facts. My sense is that they would rather squelch critical examination of Benghazi and the Obama
administration's response, as they did with the help of most of the press
during the 2012 presidential campaign. The interim report sets out copious
evidence of the rash of security threats in Libya during 2012. There were more
than 200 "security incidents" between June 2011 and July 2012 in
Libya, 50 of them in Benghazi, it reports. "In a cable signed by Secretary Clinton in April 2012," the
Interim Report reads, "the State Department settled on a plan to scale
back security assets in the U.S. Mission in Libya, including
Benghazi." Later requests from Stevens after he replaced
Cretz in May were also denied. That contradicts Clinton's testimony before the
House Foreign Affairs Committee in January 2013. She said the cable traffic never made its way to her. If so,
why was her name appended to a response? Maybe there's an explanation in the
internal processes of the State Department. And, it should be said, high
officials often make decisions that with hindsight seem obvious mistakes. But
she has given us just an exclamation, not an explanation. And, as the Interim Report goes on to
explain, the accounts given by the Obama administration at the time were
misleading -- deliberately so.
It noted that State immediately
reported the attack to the White House Situation Room and two hours later noted
an al-Qaida affiliate's claim of responsibility. There was no mention of a
spontaneous protest of an anti-Muslim video. Yet Barack Obama, Hillary Clinton and press secretary Jay
Carney spoke repeatedly for days later of a video and a protest. Clinton
assured one victim's family member that the video-maker was being prosecuted.
In the meantime, a
CIA draft of talking points for the House intelligence committee was edited at
the behest of State Department officials. Omitted were references to previous
Benghazi attacks, the al-Qaida affiliate in Benghazi and intelligence estimates
of threats in Libya. Also struck, the Interim Report says, were "any and
all suggestions that the State Department had been previously warned of threats
in the region." These
changes were made, the chairmen conclude, not to protect classified information
-- reviews of the draft were circulated on unsecure email systems -- and not to
protect the investigation by the FBI. "This process to alter the talking
points," concludes the Interim Report, "can only be construed as a
deliberate effort to mislead the American people."
The resulting
talking points were delivered to Ambassador to the United Nations Susan Rice
for her five Sunday talk show appearances on Sept. 16, in which she denounced
the "hateful video."
Who
might have ordered this "deliberate effort"? The Interim Report
mentions Barack Obama only twice as recipient of letters of inquiry, but this
comment seems aimed clearly at him and his first secretary of state. We know that Obama was informed of the attack while it was occurring,
that he ordered Defense Secretary Leon Panetta to respond to it (as he was
already doing) and did not confer later with officials that evening. The next
morning he jetted off to Las Vegas for a campaign event. Benghazi threatened to undermine a central
element of Obama's appeal, that his presidency would reduce the threat of
Islamist terrorism. He managed to obfuscate that during the rest of the
campaign. But maybe not forever.
~~~~~~
Rep. McCaul: Boston Bombing Suspects Likely Had Training
The chairman of the
House Homeland Security Committee says he believes the Boston Marathon bombing
suspects had some training in carrying out their attack. Rep. Michael McCaul is citing the type of
device used in the attack — shrapnel-packed pressure-cooker bombs — and the
weapons' sophistication as signs of training. Homemade bombs built from
pressure cookers have been a frequent weapon of militants in Afghanistan, India
and Pakistan. Al-Qaida's branch in Yemen once published an online manual on how
to make one. McCaul also tells "Fox News Sunday" that he thinks the
suspects' mother played "a very strong role" in her sons'
radicalization process and that if she were to return to the United States from
Russia, she'd be held for questioning. Wow! And the
media is telling us to relax, these were just two young men that
"became" self radicalized. There is no larger concern.
~~~~~~
Krauthammer on 'Red Line': 'What’s At Stake Here Is
Whether Anything This President Now Says Is Believable' By Noel Sheppard
With the revelation
that Syrian President Bashir al-Assad has used chemical weapons on his people,
folks on both sides of the aisle are wondering if Barack Obama will keep his
word that this is the red line that if crossed would require American
action. On Fox News's Special Report,
syndicated columnist Charles Krauthammer said Thursday, "What’s at stake
here is whether anything that this president now says is believable around the
world." CHARLES KRAUTHAMMER:
Well, I think what’s really important here is that what’s at stake is not
the trajectory of the Syrian war. There’s
something else at stake here and that’s America’s word. Whatever Obama
does, I don’t think he’ll do anything. He’ll try to minimize this. He’ll try to
caveat himself out of this. But even if he does act, it’ll be a minor act. It’s
not going to have any effect on what happens in Syria. What’s at stake here is whether anything that this president now says
is believable around the world. When you say "red line," and
you make the red line way out there – it’s not the slaughter of 80,000 of your
own people. It’s the use of chemical weapons - and then you get definitive evidence that it has been used, and you don’t
do anything, then your word means nothing. And the one thing America’s had
for the last 60 years is the power and the belief in the world that when it
says X, it will do X. And I think that’s really the problem is here. I’m
wondering whether this Administration understands how much of its word is at
stake.
~~~~~~
"The ingredients which constitute energy in the
Executive are, first, unity; secondly, duration; thirdly, an adequate provision
for its support; fourthly, competent powers. ... The ingredients which
constitute safety in the republican sense are, first, a due dependence on the
people, secondly, a due responsibility." --Alexander Hamilton, Federalist No. 70, 1788
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