Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Thursday, June 10, 2010

1934 Cartoon



From the Chicago Tribune in 1934.

"Spend! Spend! Spend! Under the guise of recovery - bust the government - blame the capitalists for the failure - Junk the Constitution and declare a dictatorship"

I guess the game plan hasn't changed much in the last three-quarters of a century.

Hat tip: Heather

Thursday, June 03, 2010

Bureaucrats Vs. Taxpayers



Hat tip: Cato-at-liberty

We need at least one house of legislature capable of taking a rational look at the federal budget and making the cuts that need to be made. Repeal the 17th Amendment and send someone to Congress who has more than a talent for demagoguery, and who's not beholden to a political party for his or her job.

Thursday, May 27, 2010

The Greecing Of America



The people simply are not capable of properly overseeing representatives who are so far detached from them. Repeal the 17th Amendment so that people will focus on those legislators they can oversee, and state legislatures will ensure that demagogues in the Senate won't destroy the nation will foolish ponzi schemes.

Thursday, March 25, 2010

Sen. Baucus: Health Bill Will Redistribute Income

Senator Baucus is the senator from Montana:

"Too often, much of late, the last couple three years the mal-distribution of income in America is gone up way too much, the wealthy are getting way, way too wealthy, and the middle income class is left behind. Wages have not kept up with increased income of the highest income in America. This legislation will have the effect of addressing that mal-distribution of income in America."


Video here.

Hat tip: Ace of Spades

Tuesday, February 09, 2010

That Senate "Jobs" Bill

A jobs-creation bill that could pass the Senate this week would delay a scheduled 20 percent reduction in doctor payments under the Medicare health-insurance program, according to a copy of the text obtained by Reuters.

The bill also extends soon-to-expire jobless payments, healthcare subsidies for the unemployed and highway-funding programs, according to the text of the bill, which has not yet been introduced.


This is what happens when the government tries to stimulate the economy by spending more instead of cutting spending. As Obama said, "That's the whole point!"



An economy cannot be stimulated by paying people to do jobs that no one wants them to do.

The 17th Amendment didn't take the money out of politics; it allowed the money to take over politics. Federal spending did not explode until 1913, after the passage of the 16th and 17th Amendments and the creation of the Federal Reserve. Three bad ideas that unleashed a federal spending monster. Repealing the 17th Amendment would allow the states to put limits on this corrupt, out-of-control federal government.