Rummaging around the corners of the mental attic we came across a few thoughts that only needed to be dusted off. Maybe you’ll find them worthy of a moment’s reflection or at least amusement.
It seems the European leaders are very good at having meetings and making announcements about plans to stabilize their Euro. But have you noticed that the follow-up is pretty weak. It seems so many of the deals never get actually implemented. I mean there was a “deal” for the Greek debt about three months ago but no real money has changed hands and the Greeks haven’t yet satisfied the new loan terms. Same is true with the alleged fund to back up the European banks and nations from almost a year ago. The money hasn’t hit the table yet. They seem to be good at having press conferences but not good at the follow-up execution of their plans. I suppose Nero is their example. After all Rome was eventually re-built.
Speaking of Greece, it is interesting that it is the private lenders, bondholders, of Greece that are having to take the 50% haircut. The various European governments and their central banks aren’t taking any loss on their bonds. Makes one wonder exactly who in the future will be willing to loan to the Greeks. It will probably be the European governments by hitting their taxpayers. At least as long as those taxpayers believe the cost is worth it to keep the peripheral countries in the Eurozone. The French and Germans may well decide it isn’t worth it. Hmm, wonder is some day most of US citizens will feel the same way about California, Illinois and New York. Why is it again we need to send a disproportionate amount of our tax money to those States while they never rein in their budgets?
I haven’t heard Tim Tebow ever say he believed the Lord gave him or his team a victory contrary to many news reports. All I ever heard him say was that he thanked the Lord for a victory–quite a difference.
If you ever doubt the importance of the rule of law and the importance of which law applies then take a look at the Greek loan negotiations. One of the requirements of the European banks and IMF is that English law applies to the new loans, not Greek. Consistency and fairness regarding dealings among citizens in their private affairs and between citizens and their government are very important and our Anglo-Saxon common law is the best yet. Far better than the many alternatives over the years tried by others. It is recognized even by those hostile to any vestige of English culture or heritage.
With the ongoing debates about the total US debt and the US tax code, we still like the idea promoted here before of making the Feds give a complete line item of the expense categories of the Federal budget on the back of your tax return. Then you could check which programs you were willing to support and pay for. The list would have military, HUD, welfare, EPA, etc. Those that are real greenies could devote all their taxes to the EPA and those that don’t like it wouldn’t give it a dime for example. Same with the military and all areas of government expenditures. Its our money after all and I can’t think of a good reason why we shouldn’t have more input into how it is spent.
During the political season (of course these day’s when does that season ever stop) it would be good if the politicos and the pundits would recall some sound advice from long ago. When the government and its laws become too large and cumbersome then the politicians running that government are much more inclined to submit to the seduction of interest or resentment. It seems BO in particular is into the resentment game and the interest game. Why is it good for the body politic to have one large segment of the population resenting another large segment? It would seem that is the perfect formula for extreme discord and eventually dis-union. After all why expect one interest group to want to work with an0ther that they resent? That resentment appeal is indeed a seduction and like all seductions a dangerous game to play.
In a society where the goal is equality of outcome, history would unfortunately teach us that all that will produce is equality of servitude. To achieve that equality of outcome always requires the blunt force of punitive measures by the government in charge. There are no exceptions to that. Why do you think Obamacare has criminal sanctions for those who don’t follow its mandate? If you don’t report on the IRS forms correctly your insurance you will be guilty of filing a false document with Feds. Don’t take my word for it, look it up for yourself; that is if you can find it in the gazillion criminal laws on the Federal books.
What are the Scots thinking? Do they really believe they will be better off as an independent country? They are a great people with a proud history even if a turbulent one over the centuries. Even the Romans find them so difficult to deal with they built Hadrian’s Wall at the border. Whatever their cultural disputes with the English they will be worse off on their on. They and their English brethren have survived many a hardship together and they have collectively advanced themselves immensely over the years. They should think long and hard about what they will lose if they go it alone. There will be no more pounds flowing from Whitehall to the north and I am not sure the world is beating at their door to buy Scottish goods and services.
We have too many federal laws especially when you include all the regulations of our various agencies and bureaus of government; there are literally millions of them. We need less laws and not more to fix our economic affairs. I love the old Roman approach to new laws. In the days before the Caesars the proponent of any new law would go before the assembly to offer it with a rope around his neck. If the law wasn’t approved the innovator was instantly strangled with his own rope. That would sure make politicos think a bit before they shot off their mouth about some new proposal. Boy, makes you nostalgic for the old days. www.olcranky.wordpress.com