Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

June 17, 2009

Quote Of The Day

Krugman, in 2002: To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble. Krugman said then that we needed to reinflate the bubble to save […]

Posted By: Brad Warbiany @ 9:32 am || Permalink || Comments (1) || TrackBack URI || Categories: Credit Crisis,Economics,Fiscal Policy,Media,Quote of the Day
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June 16, 2009

$3 Bazillion Spent & 3 Jobs Created. That’s A Bazillion Per Job! OMG!!

First, let me state categorically that I don’t believe government statistics. When they talk about $X Billions of dollars spent and Y00,000 numbers of jobs created, it’s clearly BS. The government rarely knows (or cares) how much of allocated money is actually spent until they’ve run out, and I think we all know that the […]

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June 6, 2009

California Department Of Real Estate Trust Fund Nearing Deficit!

The California Department Of Real Estate oversees and administers the state’s real estate agent and broker licensing program. During the big housing boom, the fees generated by the high level of real estate activity (and the agents/brokers who were licensed to enable that activity) has caused them to build up some a nice Trust Fund. […]

Posted By: Brad Warbiany @ 12:31 pm || Permalink || Comments (3) || TrackBack URI || Categories: Fiscal Policy,Government Incompetence,Government Transparency,Taxation
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June 3, 2009

Valor Pleases You, Crom… So Grant Me One Request. Grant Me Revenge!*

The Governator is back. And this time, he takes no prisoners: Declaring that “California’s day of reckoning is here,” Gov. Arnold Schwarzenegger said today the state should turn its dire budget straits into an opportunity to make government more efficient. Speaking to a rare mid-year joint session of the Legislature and other constitutional officers, Schwarzenegger […]

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June 1, 2009

Quote Of The Day

When I posted the below open thread, one of the data points used to suggest things were actually recovering was a rise in income that was 0.6% higher than expect (and actually positive — expectation was negative). But it appears that this might be an anomaly brought on by our Congress. From The Big Picture: […]

Posted By: Brad Warbiany @ 12:08 pm || Permalink || Comments Off || TrackBack URI || Categories: Credit Crisis,Economics,Fiscal Policy,Government Waste
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May 20, 2009

Let Us Fail

California’s in a world of hurt, exacerbated by the fact that we didn’t offer to give the state a whole bunch more money during our ballot propositions yesterday. There are a lot of reasons for our pain, but it really comes down to a state that never quite understood TANSTAAFL. They’ve been sold the lie […]

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May 19, 2009

Fixing California Finances — Ignore The Voters!

California is not a well-governed state. But for a long time, I heavily blamed the voters on that one. After all, they did stupid things like voting for a $9B bond issue to start a high-speed rail line in the middle of a horrendous deficit. But perhaps I spoke too soon. Yes, California voters are […]

Posted By: Brad Warbiany @ 5:35 am || Permalink || Comments (1) || TrackBack URI || Categories: Democracy,Economics,Fiscal Policy,Petitions
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May 12, 2009

Nominal SSA/Medicare “Solvency” Dates Worsen Slightly; Journalists Apoplectic

As I’ve thoroughly explained here and here, the whole Social Security “trust fund” issue is a joke. It’s an accounting gimmick designed to push the supposed date of concern out into the future. When does Social Security become “insolvent”? Well, let’s look at what the word means: adjective not solvent; unable to satisfy creditors or […]

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May 8, 2009

Richard Posner — The Bailout Saved The Economy!

Well, in my own mind, only until this bear market rally tanks, but I’ll get to that later. But here he goes: The bailout worked. At a relatively modest, though by ordinary standards very large ($17 billion), cost to the government, the auto companies were kept out of bankruptcy until the acute psychological phase of […]

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April 29, 2009

Let’s Talk, Barack.

So Barack Obama has a few snide remarks for the tea partiers: Asked about fiscal discipline and entitlements reform, Obama seemed to be repressing a smile as he jabbed critics of his spending plans. “Those of you who are watching certain news channels on which I’m not very popular, and you see folks waving tea […]

Posted By: Brad Warbiany @ 10:00 pm || Permalink || Comments (1) || TrackBack URI || Categories: Activism,Fiscal Policy,Politics,The Welfare State
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April 22, 2009

It’s time for libertarians to start taking Federal Reserve issues seriously

For years, a lot of libertarians and paleoconservatives have focused a lot of attention on the Federal Reserve.  Some have gone overboard, blaming the Fed on virtually every lost freedom in America.  Others have focused too hard at the wrong time; I remember one person speaking at a gun show looking pretty foolish because he […]

Posted By: Stephen Gordon @ 7:57 pm || Permalink || Comments (22) || TrackBack URI || Categories: Constitution,Credit Crisis,Economics,Fiscal Policy,Monetary Issues
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Comment Of The Day

Yesterday, I linked an article about Obama “challenging” his cabinet to find $100M to cut from the budget. I suggested it would have to grow considerably to even be a drop in the bucket. One commenter named John suggested that he should do that every day for the rest of his term, and we might […]

Posted By: Brad Warbiany @ 7:25 am || Permalink || Comments (2) || TrackBack URI || Categories: Comment Of The Day,Fiscal Policy,Government Waste
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April 21, 2009

Obamessiah Pisses Away More of Your Money

In news that shocks absolutely no one, the Obamessiah found yet another way to piss away some more American taxpayer dollars, this time on a “national service” bill. President Obama on Tuesday signed a bill authorizing a major expansion of funding to federal community-service programs, marking a rare example of Washington bipartisanship. The legislation reauthorizes […]

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April 19, 2009

An Open Letter To Jan Schakowsky

Dear Representative Schakowsky – I’m a taxpayer.  The Tea Partiers are also taxpayers.  We are the people who make the enterprise of government possible. People in government would object to that statement.  They would say that the US Government has multiple revenue streams:  the income tax, other federal taxes, the Social Security Trust Fund, other […]

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April 16, 2009

Keeping What What We Make Away From the Tax-man

The furor over the Tea Party movement has been quite exciting.  While I love watching government officials and their sycophantic propagandists energetically denounce people for daring to suggest that people should be permitted to keep their earnings,  I, like others, think the protests – in and of themselves – are insufficient to meaningfully change the […]

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April 13, 2009

The Tax Day Coalition

A lot of digital ink has been spilled on these pages over the tax day “Tea Party” protests. Not all of it has been supportive, but I think there’s to some extent a need to clear the air and explain our position. Granted, this is a group blog and I can’t quite speak for everyone […]

Posted By: Brad Warbiany @ 9:35 pm || Permalink || Comments (3) || TrackBack URI || Categories: Activism,Fiscal Policy,Taxation,The Contributors
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You are “The Rich”, and you didn’t even know it

Video From Reason.TV: A lot of folks hear numbers like “the top 5%” of income earners, and they think that means Bill Gates, and fortune 500 CEOs etc… No, although that’s exactly what the government, and the media, would love for you to believe. It’s how they pit us against one another. It is a […]

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April 10, 2009

Andrew Sullivan, astroturfing Republicans and GOP hypocrisy

Andrew Sullivan gets it right, and wrong, at the very same time.  He scribed: The remarkable thing about today’s partisan Republicans is their capacity to forget instantly and entirely anything that went on for the past eight years. And so suddenly we are rushing toward socialism, even though by far the biggest jumps in state […]

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April 9, 2009

Another Republican pot calls kettle black

Speaking of astroturfing Republicans, Alabama Congressman Spencer Bachus told folks in Trussville, Alabama that there “are exactly 17 socialists” in the House of Representatives.  The  National Taxpayers Union just gave Bachus a failing grade of 56% (which they upgraded to a C+ on their liberally-curved grading scale) on spending issues.  Perhaps Bachus should realize that […]

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Yet another blithering idiot reporter calls for a newspaper bailout

I certainly disagree with former-Washington-Times-Assistant-National-Editor-turned-freelancer-and-new-media-personality-father-and-personal-friend Robert Stacy McCain from time to time.  One thing noteworthy about him is that he’s constantly begging for donations to support his online writing habits.  It’s hard to find a post on his personal blog where he doesn’t directly ask folks to hit his tip jar. At the same time, […]

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