Posts Tagged ‘Economics’

…Kalifornia is reaping what it has sown. Now cities are fighting back, but is it too little, too late?

Unions suck.

Blue Civil War: The Battle for California

Via Meadia readers know that the most important political battle in America today isn’t the much-ballyhooed battle for the soul of the GOP. It is the blue civil war, pitting key elements of the Democratic coalition against one another as the old social model fails and the growth curve of rising blue model costs runs up against fiscal limits. Blue model policies, whatever their merits, don’t generate the revenue that can support blue model institutions and methods, and when those shortfalls appear, the coalition divides. It’s happened in Wisconsin, it’s happened in Indiana; it’s happened in Michigan and it is happening in California.

The Battle of San Diego is now in full swing. Last summer, voters there approved Prop. B, a ballot measure to reform a pension system whose cost had quintupled in 12 years, eating up revenue for other activities. As politicians struggled to pay off the pension obligations, libraries closed their doors and roads deteriorated. Voters had enough. No longer would they accept service cuts (or tax hikes) to pay to keep unionized public employees in the lifestyle to which they had grown accustomed.

The unions are striking back. A few weeks ago, the Public Employment Relations Board, a quasi-judicial administrative agency for public employees, ruled that “the city failed to negotiate in good faith with its public employee unions before Proposition B was placed on the ballot,” as a local news station reported. In other words, unions believe they should have veto power over which options are put before the voters. City Attorney Jan Goldsmith was not impressed:

“We’re not gonna back down one iota, I can tell you that,” he said. “Because the people do have a right under direct democracy to bypass the city council, to bypass the state legislature, to bypass the labor unions, and to bypass PERB. This is a constitutional right, no different than the first amendment.”

via Blue Civil War: The Battle for California | Via Meadia.

They sky is falling!

This crisis to crisis management that Obama and his minions are doing is really getting old. The propaganda machine of this Administration has been something to behold. Joseph Goebbels would be proud and envious.

Let the sequester happen. It’s the only way these idiots can cut any spending whatsoever, except by coercion. What an absolute failure in government.

The great overblown sequester panic
By RICH LOWRY

Prepare for the end of food safety as we have known it. For a breakdown in public order. For little children languishing in ignorance. If only Edward Gibbon were here to chronicle the devastation. On March 1, the fabric of our civilization begins to unwind.

That’s when the economy begins to stall and we turn our back on our values, all because the federal government will have to begin to cut a few tens of billions of dollars from the largest budget the world has ever known.

This is the lurid fairy tale spun by President Obama. In the fight over the sequester, he is resorting to the tried-and-true (and tiresome) strategy of every official confronted with unwelcome budget cuts, from the commander in chief to a lowly bureaucrat toiling at some school district: maximize the scaremongering and pain.

In fairty-tale terms, Obama is the princess and the sequester is the pea.

In fairty-tale terms, Obama is the princess and the sequester is the pea.

In Hans Christian Andersen terms, Obama is the princess and the sequester is the pea. Over the next 10 years, the sequester amounts to a $1.16 trillion cut, or roughly 3 cents on every federal dollar. If we can’t squeeze a couple of pennies out of every dollar, we might as well begin our great national bankruptcy proceedings right now.

via The great overblown sequester panic – NYPOST.com.

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He’s all over it.

Brave New World
By Victor Davis Hanson

The Revolutions We Missed

Sometimes societies just plod along, oblivious that the world is being reinvented right under their noses. In 2000, one never saw pedestrians bumping into themselves as they glued their noses to iPhones. Thirteen years later, it is almost rare to see anyone on the street who is not stumbling about, networking or texting. Yet most of us are scarcely aware of the collective effect of that odd habit repeating itself millions of times over each day, of millions of books not read, of “hellos” not offered, of brains wired to screens rather than the physical world about them. When cars once drifted into your lane, you assumed a DUI; now their drivers are most likely texting.

Cars, of course, look about the same as they did thirty years ago. But we just assume now that they almost never break down. Up until 1980 I used to see them with hoods up by the side of the road almost every five miles or so. Today, entire notions such as points, plugs, tune-ups, and carburetors have simply quietly passed away for most motorists. The old jalopy with 100,000 miles on it was junk; the new Accord with 150,000 miles has another easy 250,000 to go. The world changes while we snore.

via Works and Days » Brave New World.

…up front. I’m easily amused.

…is what a California school will be paying for a $100 million loan.
Why is this state broke? Don’t ask me. Just listen to David Spady.

… and everyone that reads my blog should know what I think about unions and Democrats. I think they are the scourge of America and unions should be disbanded entirely in the public sector. Private sector I can give a crap.

Democrats suck.

Unions suck.

Goodbye Post Office, Hello Postal Unions
By G. Michael Fielding

If there is one thing conservatives understand, it is that Unions are never satisfied until they get what they want. And when they don’t succeed in their agreement terms with their employers, they will cry threats at everything and anyone except what is really at fault. Recently, the National Association of Letter Carriers Union (NALC) released its new labor contract to its members and posted on its National Bargaining website. One of the statements NALC President Fredric Rolando made was: “This agreement rewards city carriers for these contributions and sets the stage for a major comeback for the Postal Service, provided that Congress does its part to enact real reforms that will allow us to serve the American people and the U.S. economy for decades to come.” Congress does its part to enact real reforms? Could these reforms have anything to do with raising taxes on the American people?

Could it be that the New Agreement included lower wage scales for new career employees as well as the increase of health insurance premiums coupled with no employer matching shares with regard to the Flexible Spending Accounts? Considering the state of the Postal Service and the fact that this once great American institution is now practically broke, why in the world would the NALC want to continue giving support to an administration that keeps stabbing them in the back? Congress certainly is to blame for a lot of things; but rather than focusing on blaming Congressional leaders, the NALC (as well as Unions in general) should take a hard look at the real encompassing cause of the problems with the Postal Service. Surely, the Congress is made primarily of Republicans; but even those Republicans in Congress have no backbone and continuously capitulate to President Obama’s demands.

via Goodbye Post Office, Hello Postal Unions.

…that the media and the Republicans are letting slide.
I’m personally sick of this lying douche bag. I can’t stand listening to him anymore, I know that the majority of what he says is bullshit and the media are kissing his ass and letting him get away with blatant lies.
Let’s look at this most obvious lie.

The President: “President Bush’s “tax cuts for the rich” cost the government so much tax revenue that this added to the budget deficit — so that the government cannot afford to allow the cost of letting the Bush tax rates continue for “the rich.”
First off, whenever the tax rates have been lowered, revenue has gone up. Every time some idiot Democrat raises the taxes on the “rich” revenues go down. The CBO screws this up every time they try to predict the revenue that it expects to get. They think that by raising taxes, revenue also rises. That’s demonstrably false. The Democrats are too stupid to look at the history of this country and how this works. Keynesian economics is a grand failure, each and every time it has been tried, yet the morons in the liberal party continue to try it, with the same resounding failure as the last time it was tried.

Cut taxes, cut spending. That’s the secret to getting America back on track. It’s so simple, yet the 535 idiots in Congress and the head idiot in charge can’t figure it out.

Cries of “racist” in 3, 2, 1…

I’ll let Thomas Sowell tell it.

Obama Plays Chicken
His priority is to increase government, and he’ll sacrifice the economy for it.
By Thomas Sowell

One of the big advantages that President Obama has, as he plays “chicken” with congressional Republicans along the “fiscal cliff,” is that he is a master of the plausible lie, which will never be exposed by the mainstream media — nor, apparently, by the Republicans.

A key lie that has been repeated over and over, largely unanswered, is that President Bush’s “tax cuts for the rich” cost the government so much tax revenue that this added to the budget deficit — so that the government cannot afford to allow the cost of letting the Bush tax rates continue for “the rich.”

It sounds very plausible, and constant repetition without a challenge may well be enough to convince the voting public that, if the Republican-controlled House of Representatives does not go along with Barack Obama’s demands for more spending and higher tax rates on the top 2 percent, it just shows that they care more for “the rich” than for the other 98 percent.

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…and this is a video released by the Senate Minority Whip.
Obama and the Democrats will destroy small businesses with their stupid policies.
This is what you morons voted for? Thanks a lot assholes.

... and should be outlawed in my opinion.

What purpose do they serve? The government employee sector already makes more money and work fewer days (one month) than private sector employees. The union claims that they are underpaid by 35%, but they are omitting a part of the equation. Their benefits package is 2.7 times more generous than what is paid by large private sector firms. Let’s not forget about all the sick days and vacation they get on top of all that.

And now, they want Congress to exempt them from the fiscal cliff that is approaching. Since the unions are what gave the most cash to Obama’s campaign, they figure that they are owed something in return.

If military retirees have to take it in the shorts when this fiscal cliff hammers us, then the government employees should be hit even harder.

Should We Pay Government Employees More?

Federal employees—who work on average a month less than private-sector workers and get paid more—are lobbying for higher pay.

Government unions know that Congress is looking for ways to nip and tuck the federal budget, and they’re counting on being left out of the deal.

“The Federal-Postal Coalition—a group representing more than two dozen federal employee unions—pleaded with Congress on Monday to spare their members in any deal related to the ‘fiscal cliff,’” Government Executive reports.

Government unions went all out to re-elect the President—the Service Employees International Union (SEIU) spent more than any other outside group on Obama’s campaign. While only about seven out of 100 private-sector workers are unionized, in government, that number rises to 36 out of 100.

Now they’re complaining that they don’t get paid enough.

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…found at International Liberty. I’m adding this blog to my daily reading.

Welfare state programs trap people in dependency. People in that situation naturally worry about who will take care of them, which makes them easily susceptible to snake-oil politicians who promise endless handouts financed by taxes on the so-called rich.

Read the rest here.