Obamacare; IRS; Economics

“King v. Burwell is about much more than tax subsidies –- it tells a a storyof how the legislative and rulemaking process can be undermined for political purposes by a president who acts unilaterally, in secrecy, and without accountability.”  This makes the wait for the imminent ruling so much more tantalizing than just the subsidies issue. All the bureaucratic interference adds to the evidence that the text of the law was and remains clear and that was proven by the massive and illegal effort to ensure that it would be implemented differently and in accordance with political agenda dictating as opposed to by a written law.

Posted in Economy, Elections, Government, IRS, Justice, Leadership, Obamacare, Politics, Regulation, Taxes | Leave a comment

Taxes; Economy; Economic growth; Income disparity; Flat tax

“What seems certain is Democrats will run a class warfare campaign of raising tax rates on the rich. But envy isn’t an economic revival policy.”  Democrats will continue to try (and too often, succeed) to raise taxes to spend more.  Yesterday, today, tomorrow and forever.  It’s time for economic growth pushed by a Flat Tax.  The arguments are powerful and irrefutable.

I not only won’t apologize for being a fan of Stephen Moore and Art Laffer, who was one of the best teachers of economics when I was in graduate school at the University of Chicago, but am proud of what I learned in Art’s class.  Read this piece carefully and question me if you don’t find it convincing.

Posted in Cronyism, Economics, Economy, Elections, Jobs, Leadership, Presidential Election 2016, Taxes | Leave a comment

Hillary Clinton. 2016 Election; Clinton Foundation; Uranium One

Hillary Clinton’s political future has just gone up in a huge fireball.  In my opinion, her political life is finished and the ramifications will be equally stunning, as the MSM and the Democrat establishment has been ‘all in’ for her as their “Nominee for 2016. As of today, the NYTimes, the Washington Post, Reuters and other liberal leaning media are all screaming for Hillary to come clean.  The Clinton consigliores are all claiming there isn’t a shred of evidence and it’s all a right-wing conspiracy.  Not exactly, as Peter Schweitzer asserts in his new book, Clinton Cash,Hillary As Secretary of State, was involved with foreign governments which funneled  millions of dollars to the Clinton Foundation and “hired” husband and former President Clinton as a speaker for hundreds of  thousands, both as the foreign government or one close to it to contracts worth millions.  The list of countries includes Libya, where Hillary allegedly arranged a lucrative power plant deal for GE.   The latest to come out in Schweitzer’s book starts in Kazachstan, resulting in Russia gaining control of half of the US uranium, via a purchase of a Canadian mining company, which owned US mines.  This complicated transaction not only involves enrichment of the Clintons but was/is a national security issue.  The payoff to the Clintons was a few millions first, followed by $145 million following from the stockholders of the Canadian uranium company, more than covered by the profits from ultimately selling the Canadian company to the Russians.

Some lawyers are suggesting Mrs. Clinton may face criminal charges  on federal bribery and corruption indictments.

While the GOP has more than a dozen contenders, : former Gov Marty O’Malley of MD, former Sen, D-VA Jim Webb  and Bernie Sanders, I (Socialist) VT jhave expressed any interest in challenging Mrs. Clinton.   Sen Elizabeth Warren, D-MA has denied running multiple times and, notwithstanding the liberal lovefest over her, she has no legitimate resume of accomplishments (2 years in the Senate, a few years as a Harvard Law Professor.)  That could change if Hillary implodes, which to me seems inevitable.

Posted in Cronyism, Energy, Foreign Affairs, Government, Next President, Uncategorized | Leave a comment

Mid-East Mess; Obama; Sell-out

“In the Bible, Esau sold his birthright for a mess of potage — some red lentil soup, to be exact. Looking at the week’s events, it seems that this country has sold its glorious birthright of constitutional government by honest men and women for a mess of potage — a false promise of hope a”potage;” This is biblical.  Lentil soup is one of my favorites and nothing by Obama makes my top 1000.  OTOH, Clarice is one of my favorite pundits and, as usual, she nails this one.  Her column builds on a crescendo the last two graphs.  Don’t miss it.

Posted in Foreign Affairs, Government, Obama and nothing but, Politics | Leave a comment

Iran; Dishonor; War; Obama; Churchill

I can’t add a word to this City Journal editorial, but it’s as good and accurate as they get.

First and last graphs are classic. The Churchill rebuke to Neville Chamberlain, returning from Munich in 1937, on the floor of Parliament, “You chose dishonor, and you will have war.” This resonated then as now, like a sledgehammer to the solar plexi.

Posted in Foreign Affairs, Government, History, Iranian Threat, National Defense, Obama and nothing but | Leave a comment

VATs; Taxes; Government;

Value Added Taxes (VATs,) have been proliferating and rates are rising, worldwide.  US: stand by.  Governments are voraciously hungry and the VAT is the most efficient method of raising taxes and its semi-stealthy, being levied at every step of the production chain but not at the point of retail sale.  Ernst & Young, which recently conducted and published its findings, said that standard VAT rates now average a economy crippling 21.6% in the European Union, up from 19.4% in 2008.  This is, of course, on top of income and social service taxes.

Because the US tax system is already pounding the economy to sluggish or negative annual results and its annual deficit is adding to the current $18 TRILLION amount, not even included unfunded liabilities, the US is already well on its way toward insolvency.  A VAT would guarantee that on an even faster schedule.  Notwithstanding that reality, Democrats continue to push for one.

Posted in Budget, Economics, Government, Politics, Taxes | Leave a comment

Hillary Clinton; Justice; emailgate

Defending the indefensible.  “Coined by an English judge nearly a century ago, the phrase was summarized by the late educator John Silber as the “domain” that exists between law and free choice.”With the Clintons, of course, their choice is always freedom from the law, the law being, at most, a speed-bump, requiring a reduction of speed in their incessant quest for more power.

The photo-shopped pic, below, which accompanies the linked item, may, to some, be premature and, to others being part of a ‘right-wing conspiracy,’ but, to me, it’s never too early to suggest parallels.  Bill might join me (don’t hold your breath,) in tipping his hat to Clyde, of Bonnie &) but there are enough likely felonious acts between them  to elevate them, especially Hillary (elements of emailgate, including violating national secrets act; soliciting foreign donations while in office et al) to a parallel universe (I am not counting the demise of any of those who perished suspiciously during the Clinton Administration (Vince Foster, James McDougal and up to 48 others, notwithstanding snopes’ ridicule.

Hillary’s army of supporters, from the lofos to the professional consigliores, such as Lanny Davis and James Carville, are miles away from her support, but as this story has the legs of a cross of a cheetah’s speed and an elephant’s strength, her support among Independents and white collar working class males will be as lasting as a sand castle at high tide.

Posted in Cronyism, Foreign Affairs, Government, Justice, Leadership, National Defense, Next President, Politics, Rumors | Leave a comment

US Laws; IRS; Justice

Two US Senators have introduced a bill to license tax preparers.  It claims that enforcement will reduce fraud and increase competence.  It will do neither.  What it will do is increase the cost of tax services, first by putting many small such businesses out of business because the cost of compliance is so high.  As for its stated purposes, the IRS has the primary responsibility for reducing fraud, first by not sending refund checks before checking existing data with what’s on inbound returns.  With respect to identity fraud claiming refunds, it won’t affect that at all.  Another law without a purpose which will increase costs to taxpayers.  Are the two Senators ignorant, naive or what?

 

Posted in Justice, Regulation, Taxes | Leave a comment

Obama; Iran; “Nuke deal” GW Bush

In the summer of ’08, before Obama was elected, President Bush’s negotiations with Iran over a nuclear deal had stalled and Obama sent a secret message to the mullahs that, if elected, he would be much easier to deal with.

Given that Obama and the Democrat Senators have gone ballistic over the GOP letter to the mullahs, written by Sen. Tom Cotton, R-AR, and even called Cotton a “traitor,” it seems to me that what Obama did as a Senator in ’08 was much worse than what the GOP Senators did last week.

Posted in Foreign Affairs, Iranian Threat, Obama and nothing but, Politics | Leave a comment

SCOTUS; King vs. Burwell; ACA; Obamacare; Democrats;

Today was first day of oral arguments in King vs. Burwell before the SCOTUS, a case to determine whether the language of the law, ‘subsidies available only to qualified insureds under state exchanges;’ or the imaginary application decreed by the IRS on behalf of the Obama Administration and the Democrats of Congress (not a single Republican voted for the act,) that they “obviously” meant that subsidies would apply as well to those insured under the federal exchanges.

If the SCOTUS is to preserve its function to consider laws as written, abiding by the Constitutional “separation of powers,” it has to uphold King.  In the Constitutional case for Obamacare, Chief Justice Roberts, who cast the deciding vote upholding the law, calling the penalty a “tax,” said, famously, “It is not our job to protect the people from the  consequences of their political choices.”  This column provides you, the reader with a good summary of the arguments on both sides.  The plaintiffs’ is based on 4 words of the law; the defendants’ on the imagination of what the Democrats meant, not withstanding the consistency of the language and the background of it.

One of the fallacious arguments of the defendants is that there would be chaos and financial ruin should millions lose the subsidies paid under federal exchanges.  This is purely speculative, as Republicans have proposed, without legislation, as yet, transition fixes, one of which was unveiled today..

A decision by SCOTUS  is expected by the end of June.

Posted in Government, IRS, Justice, Obamacare, Politics | Leave a comment