RANT: Cut the Gooferment; taxes will follow


* OCTOBER 1, 2010
The Twister of 2010
America’s political landscape will never be the same.

*** begin quote ***

The primary reason is the severity of the moment. But another is that negative ads worked so well in the past. For a generation, the American people have been told their politicians are lowlifes. You know what they now think of them? They think they’re lowlifes! People don’t really expect high character from their political figures anymore. “Congressman Smith cheated on his wife.” That’s her problem. Cut my taxes.

*** end quote ***

I think Ms. Noonan understates the demand.

It’s no longer JUST “cut my taxes”. I think the Tea Parties are now on to the game. It’s cut spending, cut taxes, and cut out all the other “barbara streisand”.

See we were fooled under Reagan, who cut taxes, but not spending. The tax and spend Democrats were repelaced by the borrow and spend Republicans.

So, the meme has changed.

Reduce Gooferment and taxes will come along naturally.

I always find it interesting that the Gooferment “cuts” (what I would call) Customer facing services. They want the Taxpayer and Taxconsumer to say I want that. (When I was on Wall Street if I’d done that, I’d have been looking for a job. The challenge was always to cut your budget WITHOUT cutting services. Figure it out.)

“We, The People” seem to be on the warpath to cut everything.

Is this a glacial shift? Yes. Will it last? Yes. (Our parent’s generation was scared by the Depression; we’ll be too.)

Will it be enough to save the Republic? I don’t know!

When the Gooferment shuts down the Federal Department of Education, then we will be on the road to recovery.

# # # # #

MONEY: “Unemployment Insurance”, a Gooferment scam


*** begin quote ***

the EU’s much heralded relief for Waterford in the wake of the crystal factory closing down has not worked out the way the workers thought it would.

*** end quote ***

Perhaps, “unemployment compensation” is a scam played on “We, The People” for the benefit of the “caring” politicians and bureaucrats, who need an excuse for a public paycheck.

Why is it that, in the free market, you can buy: car, fire, life, disability, homeowners / renters, and even umbrella insurance? But not “unemployment”???

(Why would anyone insure one’s umbrella?)

The answer is that it’s not a relatively random rare event that hits a pool of people who can pool the risk.

Like “social security insurance”, Obamacare (Which is socialized medicine), Medicare, Medicaid, or FDIC bank insurance, NONE of these is TRUE insurance. These, like “unemployment insurance” are really welfare programs in disguise.

Insurance companies serve several very useful functions: find people for the pool, estimate the risks, collect all the premiums, invest the money so it’s available when needed, investigate claims, and pay off as needed.

All done at a reasonable cost for administrative and profit. When you think in terms of taxes paid versus funds dispense, you have to wonder how much “unemployment insurance” costs. See what is deducted form every paycheck everywhere is no way the true cost. And, when you consider that the bureaucrats are earning hefty salaries with life time benefits and pensions that can be “stuffed” at the end (i.e., bureaucrats work “overtime” in their last years to score an enhanced, often obscene, pension).

Of all the insurances, “life” insurance is the perfect model. Everyone probably wants to share that catastrophic risk. In large populations, the risk is easily estimated. Fraudulent claims are few and far between. Premiums are low by any measure. Especially when bought young.

So, “We, The People” have to resist politicians going into the “insurance” business and embrace the “evil” insurance companies for their ability to cheaply pool our risks.

# # # # #

GOVEROTRAGEOUS: More fraud reported


Feds Investigate ‘Cash for Clunkers’ Car Dealers
Government Auditors Find $94 Million in Rebates May Be Ineligible Due to Faulty Documents
By Gregory Korte, USA TODAY
Aug. 28, 2010

*** begin quote ***

The government is investigating at least 20 car dealerships it claims violated the rules of last year’s cash-for-clunkers program. Government auditors say up to $94 million in rebates may be ineligible because they lack the proper documentation.

*** end quote ***


It was a bad idea form the start — destroying perfectly “good” cars — would be good enough for someone who doesn’t have a car or needs a cheap replacement — which “stole” future sales guaranteeing that future sales would crater!

Figure the handling costs of all the bureaucrats and now add the cost of fraud.

A disaster from end to end.

# # # # #

MONEY: Fan and Fred “leaking” wealth


Freddie Mac Posts $6 Billion Quarterly Loss by Publius

*** begin quote ***

Fannie Mae said last week it lost 3.1 billion dollars in its second quarter, and needed 1.5 billion dollars from the US Treasury to wipe out its deficit as of the end of June.

Freddie has sought more than 60 billion dollars in federal aid so far while Fannie’s bill has ballooned to more than 85 billion dollars.

*** end quote ***

This can’t be good and needs to be addressed asap.

# # # # #

RANT: Gooferment claims ownership of rain


Collecting Rainwater Now Illegal in Many States as Big Government Claims Ownership Over Our Water
by Mike Adams

*** begin quote ***

Salt Lake City officials worked out a compromise with Miller and are now permitting him to use “their” rainwater, but the fact that individuals like Miller don’t actually own the rainwater that falls on their property is a true indicator of what little freedom we actually have here in the U.S. (Access to the rainwater that falls on your own property seems to be a basic right, wouldn’t you agree?)

*** end quote ***

I’m speechless. Why do we allow these idiots to rob us blind?

# # # # #

RANT: Who speaks for all women?


Newest Vatican document is last straw for women
By DANIEL O’CARROLL, IrishCentral.com Staff Writer
Published Thursday, July 29, 2010, 8:14 AM

*** begin quote ***In a strongly worded article in today’s Irish Times, Dr Mary Condren of the Centre for Gender and Women’s Studies in Trinity College Dublin, the Republic of Ireland’s foremost university, said that such “misogynist” attitudes by the Church were legitimizing violence and discrimination worldwide and called for an end to the Church’s use of Gospel to justify discrimination, as she saw it.

*** end quote ***

Isn’t it a bit presumptuous for the male writer to presume to speak for all woman?

And, further, maybe there are some women who like the status quo?

I’m a little L libertarian and I suggest that we leave “women” alone to figure out what they want and then they can do it. Frankly, if women are that upset and leave the Church in significant numbers, then it will pinch them in their pocketbook. That might end the old boys club.

As for me, I don’t think that they have to end it.

Just leave well enough alone.

Not everything has to conform to the new political correctness.

As a private organization, “they”, who ever “they” are, can set the rules how ever “they” want. Unlike the Gooferment, “they” can’t use force to compel anything.

Now, I DO think that a society that puts half its population in head to toe sacks is depriving itself of half its creative energy. Just as I think the society that puts the largest number of people in the world in cages deprives itself of a huge pool of “human resources”.

1. Restore us to “honest” commodity money;

2. End the personal and corporate dole;

3. Stop the various wars — foreign and domestic — repatriate the troops home;

4. End the drug war; pardon all non-violent drug offenders;

5. Transition out of gooferment public education;

6. Downsize ALL gooferments;

7. Eliminate all taxes but tariffs and excise.

We don’t have a lot of time and energy to waste. We have to rescue ourselves form all the tragic and horrible mistakes that we and our forefathers have made.

We have to restore the American Dream.

It all starts with the use of force to compel people to do things. Anything. The Government’s sole role is to protect We, The People from force or fraud. That’s it. Once it goes beyond that it becomes the Gooferment

# # # # #

POLITICAL: Rangal highlights the idiocy of the draft


Can Charles Rangel Be Saved?
Saturday, July 24th, 2010 – by Jazz Shaw
Rangel’s ethical woes have cast doubt on the 40-year veteran’s future in the House.

*** begin quote ***

Don’t count on any significant backlash from the voters. Rangel’s various ethical problems have been well known for a long time now, but he continues to win reelection with astronomical margins. Take a look at the map of New York’s 15th District some time. Unlike many vast, rural districts around the nation, the 15th is one of the most compact you will find. It runs along a roughly seven mile stretch of the Hudson River, taking in Fort George, Harlem, and Marcus Garvey, as well as grabbing a few plots of land out near LaGuardia Airport.

*** end quote ***

As a little L libertarian have no use for any politicians and bureaucrats of the Empire, but, like a stopped clock, Old Charlie is right every year when he submits his “military service draft” bill. The All Volunteer Army allows the Gooferment to wage wars without the ugliness of the Vietnam era draftees upsetting the serfs. A draft does have the value of making sure that everyone, except the elite who always wiggle out, has a stake in any undeclared war. And, it continues to highlight that the Gooferment has not ended the draft. It still keeps all the infrastructure and the political no show jobs with lucrative pensions around. SO Rangal highlights the idiocy of the whole situation. Year after year. Reminds me of the Spanish American War Telephone Tax!

# # # # #

GOVERNACIDE: CNN reporting IEDs kill five U.S. troops in Afghan


Bombs kill five U.S. troops in Afghanistan
By the CNN Wire Staff
July 24, 2010 12:02 p.m. EDT

*** begin quote ***

Kabul, Afghanistan (CNN) — Bombings killed five U.S. troops in southern Afghanistan on Saturday, NATO’s International Security Assistance Force said.

The military did not say precisely where the incidents occurred, but the statement said the troops died in “improvised explosive device attacks.”

*** end quote ***

# # # # #

GOVEROTRAGEOUS: How stupid are the people in Gooferment?


Posted on Wed, Jul. 14, 2010
Man posts bail with counterfeit bills
By Peter Mucha Inquirer Staff Writer

*** begin quote ***

Most people post bail to stay out of jail.

Not to risk a lot more time there.

According to Cinnaminson Police, a Camden man included counterfeit $20 bills while paying his $400 bail on July 7.

Lousy counterfeit $20s.

Run off on a color copier, apparently.

“They’re pretty poor. I didn’t have to touch them and I knew they were bad,” said Detective Sgt. William K. Covert.

*** end quote ***

But the funniest part of the story is that the Gooferment TOOK them. It wasn’t until later that they realized they we counterfeit.


How stupid are the people in Gooferment?

Obviously as stupid as the guy passing the fake bills.

Having gotten away with it. And, after all, how are they going to PROVE that he gave them the bogus bills? He returns with more of them in his possession.

Dumb criminals and dumb Gooferment bureaucrats.

Is this dumb and dumber?

# # # # #

POLITICAL: Worrying about reelection as opposed to the country


July 11, 2010
Governors Voice Grave Concerns on Immigration

*** begin quote ***

BOSTON — In a private meeting with White House officials this weekend, Democratic governors voiced deep anxiety about the Obama administration’s suit against Arizona’s new immigration law, worrying that it could cost a vulnerable Democratic Party in the fall elections.

*** end quote ***

Interesting that there is very little worry about the massive problems that face the country. That’s of little concern. It’s all about getting reelected. And, what issues reflect upon that goal. Never a concern that if they had real solutions they’d be whisked into power.

At the root of the Gooferment’s problem is their starting point — force. It immediately makes what they do: immoral, ineffective, and inefficient. They have a tremendous unavoidable and imho unrecoverable burden.

It seems so apparent to me: adopt honest money by repealing the “legal tender” diktats, end the income tax returning to funding the Gooferment by tariffs and excise taxes; repeal the mandatory school attendance diktats; reduce the size and scope of the Gooferment by shutting down whole sections of Gooferment; stop the various wars; end the “war” on (some) drugs; pardon non-violent drug offenders; repeal the 17th for the direct election of Senators; and institute a single 18 year term for Supreme Court justices.

Seems so obvious to me!

Then stand back and watch the economy take off.

# # # # #

POLITICAL: My plan … secession


Republicans should embrace Paul Ryan’s Road Map
By: Fred Barnes Weekly Standard
July 12, 2010

*** begin quote ***

For Republicans, the road map authored by Rep. Paul Ryan of Wisconsin is the most important proposal in domestic policy since Ronald Reagan embraced supply-side economics in the 1980 presidential campaign. It’s not only the freshest, boldest, and most comprehensive Republican thinking, it’s also the most relevant. If Republicans adopt the road map as their basic ideological blueprint, it offers them the prospect of a landslide in the midterm election this year, followed by victory in the presidential election in 2012.

*** end quote ***

Well, you have to have something to allow you to win. The Republicans are the only choice. We’ve seen what the Democrats can do. Not that the other side of the duopoly is much better.

“We, The People” had to turn the District Of Corruption into a revolving door until we can unwind it.

Secession is the only way to cut this mess down to size. Maybe the USA has to split into pieces like the USSR. Too big to allow to exist. Vermont may be the first to go. California if spun off would be the 12th largest country in the world. Texas.

Time to let everyone go their own way. Peacefully. The American experiment has failed. As predicted, once folks figured out how to vote themselves benefits from the public treasury.

# # # # #

RANT: Gooferment swimming pools?


Jul 13, 2010 6:40 am US/Eastern
Armed Guards At Pools After Lifeguard Attack

*** begin quote ***


Armed security guards have been posted at public pools in Buffalo after a lifeguard was pulled into the water by rowdy teenagers and other unruly behavior prompted safety concerns for parks employees.

*** end quote ***

Why is the Gooferment running a swimming pool? Why does the Gooferment try to operate anything? Why do we have the modern day equivalent of the Roman “Bread and Circuses”?


# # # # #

NEWJERSEY: Kyleigh’s Law a big mistake


Kyleigh’s Law a big mistake
July 10, 2010
Kendall Park

*** begin quote ***

The law is much too strict, with the costs far outweighing benefits. Our legislators have spent considerable time and manpower on passing this bill. The law was passed in hopes of reducing teen driving fatalities, an admirable goal. There are approximately 5,000 teenage driving deaths per year, a large number alone but when in comparison to the total numbers not as bad.

*** end quote ***

I agree, Jake. But see you’ll learn that three things motivate politicians: rewarding their friends, punishing their enemies, and feathering their own nests. And, I’m not sure as to the correct order. In this case, the politicians and bureaucrats “win”. You can’t vote, and usually don’t, so who cares if your rights are infringed. The costumed thugs, masquerading as police, get to steal more wealth. And, obviously, we need more bureaucrats to support this diktat, who turn around and vote religiously for their patron sainted politician. My biggest fear is that the Gooferment has put a huge bullseye on young drivers. If I’m a criminal, who should I target. Reminds me of when the (imaginary) State of Florida removed all rental car identification and aggressive tourist-injuring “hot” car thefts dropped dramatically. So, if I had a child, I wouldn’t permit them to put this modern day “Star of David” on any car they drove.

# # # # #

GOVEROTRAGEOUS: “Unemployment insurance” ain’t insurace; it’s gooferment welfare?


Man loses unemployment benefits after dipping into 401k
Lori Obert written by: Anastasiya Bolton   

*** begin quote ***

LONGMONT – After 32 years at IBM, in August of 2009, Bob Jackson was laid off and looking for a job.

“I never dreamed I’d have to have unemployment some day,” he said.

Jackson has been looking everywhere, including retail and home improvement stores, for more than a year. He hasn’t gotten anywhere.

“We’re lucky to get half way through the month before we’re completely out of money. It’s been rough,” Jackson said. “It’s a hard market right now to find a job, especially at my age.”

In November, Jackson filed for unemployment and received two checks.

As part of the rules for receiving benefits, every two weeks, Jackson had to call into what is called a CUBLine (The Colorado Unemployment Benefits Line.) The automated line goes through a series of questions unemployment benefit recipients answer. During one of the calls, Jackson was asked if he’d taken out a distribution from his 401k. He said he did, $10,000 to pay for his son’s college.

*** and ***

“Under our unemployment insurance program we’re following state law, which is if you touch even $5 dollars for your 401k it will impact your benefits,” said Cher Haavind, spokeswoman for the Colorado Department of Labor and Employment. “It’s an employer-funded program, whether it’s severance, pension or distribution of 401k, all those things, any other money you have received from the employer will play into your benefit amount.”

Haavind added, “The program is there to meet one’s needs again when they’re transitioning from job to job. Perhaps the perception is if you have other resources available to you that you should look at those first before receiving unemployment insurance benefits.”

*** end quote ***

Perhaps, the perception is that it’s “unemployment insurance”.


Gooferment, and its bureaucrats, really drive me off the deep end.

So it’s not insurance; it’s welfare.

It’s “employer funded”. Sure it is. If they put it in your paycheck, you could save for your own “unemployment”! Argh!

So the politicians justifiy messing with people’s lives and money on the basis that they are too stupid to manage their own money?


This is welfare for the lucky few and for the goofermetn bureaucrats who run the program.


# # # # #

GOVEROTRAGEOUS: Arrest real criminals; not stupid people


Cops clip Madrid driver in mower case
By REGINA ZILBERMINTS • rzilbermin@dmreg.com • July 8, 2010

*** begin quote ***

It may have been how Robert Grimstad was driving that caught people’s attention. He was all over the road. Or the fact it was after midnight and the 38-year-old didn’t have headlights on. Most likely, though, it was the fact he was riding a lawn mower down the highway.

*** end quote ***

Doesn’t this point out the absurdity of Gooferment “laws”?

(It’s also absurd to call what the Gooferment passes and seeks to enforce a “law”. Diktat! I like the German word better. An authoritative or dogmatic statement or decree. When I think of “law”, I think of the “Law of Gravity”. <Remembering Michael J. “Crocodile” Dundee saying to the mugger with a knife] “That’s not a knife.” [draws a very large Bowie knife] “This is a KNIFE.” ROFL> Yeah, “Law of Gravity” that’s a big hairy “you can’t break me” law. It says “GO ahead and try to break me. I dare you.” That’s a LAW!)

Any way, “drinking and driving” diktats started with the common sense idea that impair drivers are dangerous. But as usual, somewhere between common sense and effectiveness, the politicians and bureaucrats took a left turn. And, I use the word left accurately. It’s all about “feelings”. So, instead of insisting on a victim, they make up diktats where the Gooferment is the victim. If you have an accident and are found impaired, you lose a lot of stuff. If you injure some one, in addition you go to the “penalty box” for a long time. And, heaven forbid, you kill someone, you go to the isolation chamber for the rest of your life. None of this “sobriety checkpoints” and repeat offender “barbara streisand”. Penalties and sanctions with teeth.

Instead the police are arresting lawn mower drivers, argh!

Where’s the victim in this case?

# # # # #

GOVEROTRAGEOUS: The Gooferment doesn’t learn from history


Avertible catastrophe
Lawrence Solomon
June 25, 2010 – 9:06 pm
The BP oil-rig explosion. The U.S. turned down an offer of Dutch technology that might have reduced the spill’s impact.
How U.S. labour and ­environmental rules blocked Dutch spill-cleanup technology

*** begin quote ***

Then again, perhaps he should not be all that perplexed at the American tolerance for turning an accident into a catastrophe. When the Exxon Valdez oil tanker accident occurred off the coast of Alaska in 1989, a Dutch team with clean-up equipment flew in to Anchorage airport to offer their help. To their amazement, they were rebuffed and told to go home with their equipment. The Exxon Valdez became the biggest oil spill disaster in U.S. history — until the BP Gulf spill.

*** end quote ***

It just proves that the Gooferment is stupid!

And, we are just a dumb for believing their illusions and promises.

# # # # #

POLITICAL: DIck Morris starts a rant


By Dick Morris And Eileen McGann

*** begin quote ***

When Obama could have passed comprehensive immigration reform – when he still had 60 Senate Democrats – he didn’t lift a finger to push it. Now that he can’t pass it – it is too late in the year, he doesn’t have 60 votes, and many Democrats will defect – he aggressively pushes it in a national speech.

The opportunism and hypocrisy of his attempt to manipulate America’s Latinos into forgetting his previous inaction is transparent and obvious.

*** end quote ***

Dick Morris made an interesting point. When BHO44 had the majority in the Senate, he couldn’t be bothered with immigration reform. No that he can’t get it done, he wants to push it. Argh! Typical Chicago politician. He wants the political power from the fight about it. He can posture as the “immigration reformer” while painting his opponents into the corner as anti-immigrant anti-Latino. Voters are so stupid.

If I was the R’s, I’d immediately propose: eliminating all personal and corporate welfare and throwing open the “golden door”. We need imigrants who want to come here to work. I’d ask for a DNA swab, a fingerprint, a quick check for communicable diseases, and then immediately issue them a new combination visa, work permit, and tax id number. Welcome to America, the land of opportunity, and fat poor people. We want those people, we need those people, we can definitely handle those people.

At the same time, I’d end the drug war. (What does a drug dealer do when Walmart sells marijuana, crack, cocaine, and speed; all for the price of aspirin. I’m confident that they Walmart and the other Pharmacy Companies will do a far better job of controlling drug addiction that the Gooferment. Look at the business made out of weight reduction and smoking cessation.

(What will the Colombian Drug Lords do when WalMArt insists on low cost high quality “junk”? Take up tourism? And, what will the Taliban do in Afghanistan when WalMart doesn’t have to pay top dollar for their poppy plants? Go back to being a fourth world country? Argh!)

AND, we won’t have children die from “illegal drugs” of unknown strength and unknown quality. (Who’s body is it? Isn’t the decision what to put in it the ultimate expression of self-ownership.) (Given that youth like to rebel and do “cool” stuff, won’t making drugs “legal” take all the allure out of taking them? Kinda hard to envision yourself as a James Dean type rebel when you are in the queue at WalMart with Granny buying pot for her glaucoma!)

Pardon the non-violent offenders in Federal prisons. We could then close more than half the prisons. And focus on the really bad human beings who kill and hurt people.

And along with “fixing” (i.e., nuking) the drug laws, let’s eliminate the death penalty nationally. Aside from it not being cost effective, the gooferment should NEVER have the power to kill its citizens. I agree with Bill O’Reilly; Alaska sounds like a nice tropical resort for criminals. Create a place like the French Devil’s Island. No cruelty; just isolation of the truly dangerous.

And, let’s talk energy. France gets 80% of its electric power from nukes. They have a few national “standard designs”. If a company uses one of them, then there is expedited approvals. Now we need to import less oil.

Why does the Federal Gooferment have any role in the national electric grid? Sell it to the power companies.

Why does the Gooferment run airports? Sell them to the airlines. Why does the Gooferment run airport security? Turn it over to the airlines.

Suddenly we need a lot less gooferment workers! With bug salaries and big pensions.

And speaking about pensions! Why can’t we get out of the pension business completely.

Like any other fraud, we should prosecute any crime with the objective to make the victim whole. Restitution! Not incarceration or even rehabilitation. Let’s make sure that crime doesn’t pay.

The Gooferment should only be a referee; not a participant. And certainly not an operator. Gooferment skrules, gone. Clearly we need a 20 or 40 year transition plan.

Gooferment “social security” fraud, gone. Clearly, we need a fifty year transition plan.

Argh! There so much to do. Old Wall Street expression: When you’re in a hole, stop digging. We should not be creating more “holes” for future generation to dig themselves out of.

(Where do politicians, bureaucrats, and the elite send their children to school? Certainly not the “public school”! Argh!!)

# # # # #

INTERESTING: Time to nuke Freddy and Fannie!



Rethinking Part of the American Dream

*** begin quote ***

In hard-hit Las Vegas, nearly 59% of households own their homes, but only 15% to 19% of households own a home in which they have any equity left.

For many, the American dream of home ownership turned into a nightmare of debt and foreclosure. Some people should rent.

As late as the 1930s, a U.S. mortgage was generally a loan for three to five years, at which time the borrower had to pay it off. Then the government fostered the 15-year fixed-rate mortgage—and eventually the 30—and the concept that the homeowner would pay off principal in monthly installments.

*** end quote ***


Several thoughts occur to me here:

① 15 to 20% of homes left with the owners having equity? All those senior citizens who bought retirement homes? That’s astounding.

② Talk about malinvestment. (That’s Austrian economics term. See below.) Detroit, Flint, and Gary are destroying houses to avoid providing gooferment services. We as a society have our wealth destroyed by such action. Are there no homeles there?

③ It would seem that the FTC and the TREASURY / FED / SEC could stop this disaster anytime they want to. Regulations of minimum down payment like stock margins. Rules about honest disclosure. Limits on what banks can resell as “securities”. AND, the biggest rule, the originator get stuck with defaults! No more package it and forget it. (But then we’d see just how crappy the economy is. And, how many banks would be insolvent. It’s in the Gooferment’s interest to keep putting lipstick on the is pig. Pucker up! Guess who’s going ot have to kiss it?

④ I remember reading that Freddy and Fannie make the economy more uncompetitive and more “rigid” in that owning a home meant the workforce could not adapt to new opportunities in new locations. A high percentage of folks renting means they can move more quickly. Didn’t the Mayans force migrations by burning the village and forcing them to move hundreds of miles? Is this our modern equvalent?

⑤ Speaking of Freddy and Fannie, I see where bailing them out is going to be the “mother of all bailouts”. Shouldn’t we put them out of their, and our, misery? Time for a Constitutional Amendment banning all GSEs! (Gooferment Sponsored Entities)

⑥ Why don’t we bring back the 30 year Treasury Bond as a method of financing the deficit and easing the pain we are facing? Or is the GOoferment afraid of what that 30 year rate will be?

⑦ On HGTV, there are a lot of home buyers, some first timers, who are buying big ticket homes with nearly nothing down. Several hundred thousand dollar mortgages and they need “mortgage assistance”, seller paid closing costs, and even the tax credits to make the numbers work at all. And, in the cases of two income “families” (i.e., DINKs), one paycheck is completely going to the mortgage. Isn’t that a recipe for default in a job loss scenario?

⑧ Perhaps, it’s time for multi-generational households (i.e., grandma and grandpa buy with their retirement money; mom, dad, and the grandkids bunk in)? Wasn’t that the model before Social Security allowed Grandparents to escape to Florida? Makes the Grandparent able to dodge the nursing home.

⑨ Interesting that the Wall Street Journal paywall isn’t very encompassing.

# – # – #


“Panics do not destroy capital; they merely reveal the extent to which it has been destroyed by its betrayal into hopelessly unproductive works.”

— John Mills, December 11, 1867, on Credit Cycles and the Origin of Commercial Panics

# # # # #

INTERESTING: It’s the Gooferment’s fault; not BP’s


June 26, 2010

Calm Judge Napolitano vs. Excitable Shep Smith

# – # – #

Interesting the 75$M liability cap allowed BP to proceed without insurance. Interesting that the Gooferment predicted that spilled oil wouldn’t reach the shore. Interesting that the Gooferment immunizes itself and its bureaucrats from being held responsibile.


# # # # #

RANT: The joy of graduation; marred by speakers

YESTERDAY I went to a graduation. Entertaining! The “beautiful” children, the happy relatives, the school staff, and at least two politicians.

(The children were all “beautiful”. Different shapes and sizes. Some dressed up; some down. One girl has new high heeled … … sneakers! Another wore what had to be five inch stilettos that were obviously new and she could barely walk in them. One guy had old sneaks; another plaid beach shoes. Funny! They were “beautiful” because they were almost all smiling. Full of joy. Enthusiasm. Party time. Sigh!)

They showed a photo slide show of the school and graduates. No words just music.

(A technical criticism of the “show”. This is VoTech with an “Arts” track. The music was ill-timed. Or mixed. The audience got restless when the music came to a natural end; the photos kept going. Some music rejoined the “show”. When the pictures began to repeat. The show was stopped. And we were left looking at the Windoze logo. The “show” wasn’t run by a student. <Unless students are very old.> So it was evidence of poor execution.)

The next “rudeness”was to leave the audience sitting there, looking around, wondering what was going to happen. A good ten minutes — I timed it — and there were at least five hundred people sitting there. What a waste. It was rude.

So finally some one got their act together, and the graduates paraded in. It was more like a dual column single file dash to the chairs. With gaps and bunches worthy of any freeway. As a vet of many parades, graduations, processions, it was shocking. And, I understand there were at least three practices. (What did they practice?)

Any way, then came the Pledge of Allegiance …


(The Pledge is un-American. Written by an American Nazi who was a flag salesman. TOo indoctrinate school children and make himself a bunch of easy sales. The whole American education system is designed to create dummies; cannon fodder for the Army and the factories. All designed to be led by the Elite! Argh!)

… which always makes me think. But then what did you expect from a gooferment school? Sure didn’t expect them to sing a hymm. However, they are a gooferment school so you have to expect some gooferment worship to be built in.

Then we got to the speeches. (Oh, joy, oh joy!)

First up was an old Board Of Ed fellow. He was almost impossible to hear. Can’t remember anything he said of value.

(How much in taxes have I paid for this school? The taxpayers got weenied. It’s supposed to be a theater. With acoustics and a sound system that stinks. I’d like to follow the money on that one.)

Next up was the politician from the Middlesex County Freeholders. She was at least audible. Unfortunately. (I really wish I had the text of the remarks so that I could adequately report what WAS said. As opposed to what I think I heard.) I heard some praise for the parents. With an assertion about what was the most important in a child’s development. I guess it was the parent’s willingness to send the children to school. (That’s what I think I heard!) Of course, I disagree. … …

(I’d say the most important single factor in a child’s development is really two co-factors. Parents aren’t a single homogeneous unit; they are a man and a woman seeking to propagate the species. — OK, that’s a side effect of the sought after activity — It is the Mom’s unconditional love for the child combined with the Father’s unconditional devotion to the child’s needs. Different, very different, but both essential. Schooling is way down on the list. And, gooferment supplied schooling is a GIANT negative imho.)

… … but that aside, I heard a lot of praise for teachers. Probably, three times as much time spent praising the teachers as the parents and students combined. I attributed it to a campaign speech for the Teacher’s Union support. The whole speech wasn’t overly long. All that was missing was to say “Vote Democratic” in thanks for your child’s education. As if there would be no education without the gooferment.

Moving on to the Salutatorian’s speech. The young lady was obviously nervous. And, we had the lousy acoustics and the lousy sound system, it was hard to hear. What I did hear sounded good. (My criticism was for the school’s bureaucrats for not having enough practice. She engaged in some banter with her mom sitting in front of us which was … … unseemly. They should have coached her to speak up and not to rush.) Again, I have no text so I can’t really comment on what she said. (I wonder if the graduate could even hear her since they didn’t seem to react.)

Moving on to the Valedictorian’s speech. The young lady was not  obviously nervous, but was watching the audience for feedback. She spoke well, despite the lousy conditions. She made some good points about doing one’s best at all times. Again don’t have the text. But was able to hear most of her remarks. (Again not a lot of reaction from the graduates.)

Then, was the obligatory diploma hand out. (More on that later.)

Flip the tassels and march out.


After that it was a disorganized Chinese fire drill. From what I understand the handouts were blanks. The now graduate had to go to a room and find their real ones. (Strange. Disorganized. And chaotic. Why am I not shocked at a gooferment process being so.)

So, upon reflection, I’d have like to have made a speech to the graduates.

*** begin quote ***

I’d like to give you my thoughts on this special day. Success for your generation is: (1) ruthless financial discipline — no bad debt; (2) a life long interest in learning — education — a degree — they can’t take it away from you; (3) a NON-OFFSHORABLE white collar job in order to save big bux; (4) a blue collar skill for hard times — never saw a poor plumber; (5) one or more internet based businesses — your store is always open; (6) develop a second business or avocation – under the radar – start small part-time; (7) a large will-maintained network of people who can “help” you; (8) buy assets that hold their value over time; and (9) emulate the Amish and Mormons for their sense of community, simple thrifty living, and true to core values. Remember the sources of my education: I’m just a fat old white guy injineer with: Law “degree” from watching Judge Judy, Medical “degree” from watching Doctor Phil, Building “degree” from watching “Holmes on Homes”, and Investing “degree” from reading about Bernie Made-off. I wish you the best. May your opportunities be huge, your difficulties minuscule. And, may you remember kindly the old loon who thought you might listen and benefit from his experiences.

*** end quote ***

All I could think about when the principal mumbled something about going on to: a job, higher education, or service in the military. Was he left out “McDonalds and Wahwah if you’re lucky”.

Think that’s too harsh.

Remember that In the United States, 8 million jobs were lost — most of these jobs will never return. And, any “good jobs” are being exported if at all possible. And, boys are clearly falling behind girls in both educational achievement and aspiration. This pattern has vast implications for marital prospects, since women express a strong preference to marry a man of equal or greater educational and professional potential. The collapse of the marriage culture within the working class means poverty in future children’s lives.

It’s the first generation that will have to settle for a lower standard of living than their parents.

And, they are going to be saddled with a permanent recession / depression economy like Japan’s two “Lost Decades”. Add to that debt and unfunded liabilities that they will have to come to terms with. And, it’s not going to be good times. (Unless we old fogies slash the gooferment back to circa 1790 – 1830 Constitutional limits. Argh!)

Instead I wrote “my” graduate this email:

*** begin quote ***

May I suggest that you read this?

Too bad you couldn’t have heard this instead of what you did hear. You did hear it; didn’t you? I wish I had a transcript to blog about. Argh! Sorry, but imho you didn’t get the best of inspiration.

BUTT (there’s always a big but) maybe you can take a lesson from the message’s text. (I have!) I thought this was excellent. Wish I’d heard it at any of my graduations or any that I’ve attended; maybe some of it might have sunk in.

It’s short. In addition to being good.

*** end quote ***


*** begin quote ***

I will hazard a prediction. When you are 80 years old, and in a quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choices you have made. In the end, we are our choices. Build yourself a great story. Thank you and good luck!

*** end quote ***

# # # # #

LIBERTY: What is this thing called “government”; the Gooferment

“No man or group of men—including any group of men calling themselves “the government”—is morally entitled to initiate (that is, to start) the use of physical force, the threat of force, or any substitute for force (such as fraud) against any other man or group of men.”

“The Market for Liberty” Linda & Morris Tannehill (1970)

# # # # #

RANT: Obama wants 7$ a gallon gas?


$7-a-gallon gas?
The folly of O’s oil-spill ‘fix’
Last Updated: 2:49 PM, June 18, 2010
Posted: 12:02 AM, June 18, 2010

*** begin quote ***

So what does global-warming legislation have to do with the oil spill?

Good question, because such measures wouldn’t do a thing to clean up the oil or fix the problems that led to the leak.

The answer can be found in Obama Chief of Staff Rahm Emanuel’s now-famous words, “You never want a serious crisis to go to waste — and what I mean by that is it’s an opportunity to do things that you think you could not do before.”

*** and ***

The logic linking cap-and-trade to the spill in the Gulf should frighten anyone who owns a car or truck. Such measures force up the price at the pump — Harvard Kennedy School’s Belfer Center for Science and International Affairs thinks it “may require gas prices greater than $7 a gallon by 2020” to meet Obama’s stated goal of reducing emissions 14 percent from the transportation sector.

*** and ***

Emanuel was wrong. The administration shouldn’t view each crisis — including the oil spill — as an opportunity to be exploited, but as a problem to be addressed. And America can’t afford $7-a-gallon gas.

*** end quote ***

I think the should pass the cap ‘n’ tax bill.


And, when the economy tanks, and And, folks pay a Cnote for a fill up. And, they can’t afford to go to work.

There will be the revolution that these bozos want. And, like some French aristocrats found out the hard way, they may be the ones removed from the gene pool.

At least their crazy Socialist ideas will get a proper send off.

American will collapse under 7$ per gallon gas. The economy is build on cheap energy.

Will this be the event that collapses us, like the Roman Empire, and all the empires of human civilization?


# # # # #

RANT: Why is Biden in Kenya? Vacation!


Joe Biden Lends Support to Vote Process for Pro-Abortion Kenya Constitution
by Steven Ertelt LifeNews.com Editor
June 9, 2010

*** begin quote ***

Nairobi, Kenya (LifeNews.com) — Vice President Joe Biden campaigned in Kenya today and, although he did not officially endorse the pro-abortion constitution Kenya citizens are considering this summer, he backed the process allowing its consideration. Kenya is one of many African nations that currently protects women and unborn children.

Biden urged the Kenyan government and its people to support the reforms the government wants to implement.

The government is currently supporting the constitution, which expresses support for the legal rights of children before birth but includes a health exception loophole that would essentially allow unlimited legal abortions.

*** end quote ***

Aside from the pro-life question, why is Biden “campaigning” in Kenya?

Shouldn’t he be home, “campaigning” on USA issues? Oil spill, unemployment, and excessive waste in gooferment come to mind!


# # # # #

FUN: Speaking of animals


May 30th, 2010 at 8:01 am
Only in Russia

*** begin quote ***

This is not your normal run-of-the-mill get your pig drunk, load him into a cannon, and fire him into space kind of story. But then again, maybe it is. This amazing store has been captured for all to see.

*** end quote ***

Yah have to find this story funny!

Imagine being the pig.

And, it doesn’t tell the pig’s eventual fate. Dinner? Just doesn’t seem right to eat an astronaut.

Wonder how much that cost the Russian Gooferment?


# # # # #

POLITICAL: Filling out my list of the “worst” Presidents

A fellow alum posited that:

*** begin quote ***

“If you were to be trapped in a cave for 30 days and had the choice of ANY dead president to chill with…who would it be and why.”

Probably George Washington or Lyndon B. Johnson.

Washington so I could fill him in the shit state of the US today.

Johnson because he was an incredibly important figure during the Vietnam War and the Civil Rights movement. I guess I’m not over my thesis. Still emotionally attached. Sigh. I would just like to talk to him about his true feelings about the war as well as the civil rights and black power movements.

*** end quote ***

Washington was unarguably the “best” President.

But I’d assert that LBJ is pretty well down there for worst. “Civil Rights” was forced on him by the “evil” republicans to get more funding for Vietnam. (I remember reading about it in the papers.)

My “worst” list:

(1) Lincoln (Civil War over secession ending the “America Experiment” on liberty, corrupt railroad lawyer figuratively in bed with Northeastern power brokers and literally in bed with some “interesting” people whole presenting a different image to the folks, First Amendment violations, Income Tax, )

(2) Wilson (duped us into WW2 after running on a “peace platform”, racist, Progressive, Federal Reserve, Income Tax)

(3) Truman (ABombed defenseless civilians)

(4) FDR (Progressive, the “social security” scam, End the Gold Standard, may have lied us into war, Harrison Narcotics Tax Act of 1914.)

(5) LBJ (Gulf of Tonkin to expand the VietNam war, expanded the draft, put the Welfare / Warfare state on steroids)

(6) BHO (Healthcare, Porkulous, GM, Wall Street Bailout, started us on the road to socialism)

Also rans (Not even close to the “big” time):

(*) Nixon (Expanded Drug War on the inner cities, ended the international Gold Standard)

(*) Bush41 (“No new taxes”)

(*) Kennedy (Expanded the VietNam war, Bay of Pigs, permitted a trip to Dallas)

(*) Regan (Deficits, ran with Bush41)

(*) Jefferson (Demonstrated that absolute power corrupts even the best men)

(*) Bush43 (Started the Iraq war)

(*) Clinton (Whitewater, “Slick-ness”, Monica IN the Oval Office, lot of “little wars”)


# – # – #

Like anyone cares about my opinions!

# # # # #


Adding Teddy to #7 ahead of the “also-rans”!

(7) Teddy (Crazy, “world’s policeman”, “master race”, “trust buster” of the unfavored business, “food safety crisis”, “conservation”, and worst reviving the income tax.


# – # – # – # – # 2011-Dec-14 @ 12:15

GOVEROTRAGEOUS: Stopping the Social Security Ponzi scheme! “Cold turkey”?


Stopping the social security ponzi scheme
by Russ Roberts on May 4, 2010
in Social Security

*** begin quote ***

The way to keep social security from bankrupting the country is to make it a welfare program for the elderly. But what about all the money I “contributed”? Alas, that was a lie. The money wasn’t set aside for the future. It’s like asking why don’t I collect food stamps even though I’m rich. Hey, I contributed so I should get food stamps. That’s a bizarre belief to have. That’s not the way food stamps work. That is the way social security is supposed to work, but it’s a bad idea, it was an illusion that your contributions were really yours and there isn’t enough money to keep the illusion going.

*** end quote ***

The problem is that the gooferment took the “seed corn” from everyone. They skimmed the “cream” off the top. We could have saved MORE for our own retirement, but they STOLE it early (when the savings would have had more impact) and OFTEN (by inflation eats up savings and raises costs). So everyone to now say “too bad, you’re screwed” is the perpetuation of a fraud and a theft. We didn’t get into this mess in a few years and won’t get out of it in a few years. It was decades. So, like Chile, we need time. <sub 40, recognition bond for contributions payable in 40 years; over 40 below 60, you get some choices; over 60, you get the old plan> And you work your way out.

I pitched a similar idea in the NY Tax Revolt in the 80’s. A twenty year plan to get out of gooferment education at 5% a year. Followed immediately by a twenty year plan, to get out of gooferment funded “education” completely. Forty years, like the time the Jews wandered the desert, gives you time to reeducate people and allow them to adapt to the new realities. Too bad they didn’t adopt it, we’d have been half way out by now. NJ’s education expense is crippling the State.

Paradigms and memes don’t change over night. And, folks have to be able to see the path, where it leads to, and how it can be accomplished with 960 (40 times 12) easy monthly payments of some modest amount gets them to Freedom.

# – # – #

Upon reflection, this would cause violence in the streets. Only the wealthy could survive this body blow. And, with the gooferment planning to “monetize the debt” (i.e., inflate the currency so it can pay off the debt), those on fixed incomes and retired will be slowly strangled. Think the German pre-WW2 hyperinflation that made Hitler possible.

No, we need an orderly multi-generational way to get form here to there. Peacefully. The Chile solution worked well; why not here?

One problem is they were all illiterate and could ignore the liberal media telling us the gooferment’s propaganda line. We’re too “smart” for our own good. And, the youth propaganda reeducation camps are ensuring continued stupidity!


# # # # #