2 Cents Worth On Life Its Ownself

The Holidays are upon us but the news cycle never stops for Holidays and thus…..

Already you hear the mantra that if we don’t increase the Debt Ceiling from 16.3 trillion by another 2 trillion plus that such refusal will cause a default on the US Debt.  That is a bald-faced LIE.   The latest estimates are that the US will collect about 2.7 trillion in this fiscal year or maybe a bit more.  The Feds will have money, lots of money.  If the debt wasn’t increased they would have to figure out where they were going to spend that 2.7 trillion and establish priorities.  They w0uld have top live within their means, what a novel idea.  They naturally could pay the interest and principal on the government debt first.  Their choice.  I don’t recommend not raising it some if there is a solid agreement to  reduce spending dramatically.  But we here just can’t abide dishonest conversation and the presentation of optional actions as concrete fact.

If the Feds don’t fix the Alternative Minimum Tax there would be a huge tax revolt and mass confusion.  The latest estimates are that 28 million families could be ensnared in that tax quagmire and many simply wouldn’t have budgeted for the extra taxes they would owe.  Many simply wouldn’t pay or couldn’t pay that higher tax.  There would be at a minimum  a large red tape jam at the IRS.  Maybe that wouldn’t be such a bad thing.  The outrage would be enormous.  These are the truly “middle class” folks all the politicos say they are there to help.

Those of us who cherish our freedom and freedom of the internet should keep an eye on the progress of the push by many countries in the UN to take control of the internet.  There are 193 “countries” that have a vote on this issue and it is likely that a majority will vote to have a UN agency and/or individual countries with the UN imprimatur of this vote take over the internet.  There are many things wrong with the internet now and daily abuses as we all know but I’ll take that hassle any day over any kind of governmental control.  We darn sure shouldn’t want Ghana, Dubai, China or whoever to have any say regarding the free flow of information on the Net, even the silly or erroneous info  that is there.

I can still remember that first Lionel train set I got when I was about 5 years old.  I am sure it cost my mom and dad a fortune at the time.  The engine alone must have weighed almost a pound and it even puffed smoke at the stake up front.  Kept that thing for years and then like so many items it got lost in one of our moves but the memory of it lives on.

Egypt is looking worse and worse with each passing day.  It slowly but inexorably slides into a Islamist fundamentalist trend.  Do those people in the Administration really believe that Syria will be a shining example if and when Assad falls?  We are not likely to come out of that situation  with a dependable or reliable ally in the Mideast.  Indeed the outcome could be far worse with one more hostile Islamist regime in place.

If BO were to attempt to raise the debt limit by executive order the Congress of both parties should advise him that is an impeachable offense.   Such dictatorial action goes beyond any current President or circumstance.  Congress has boatloads of problems and shortcomings but even with all them that is preferrable to the arbitrary whim of a President.  We don’t elect them King, only President.

This constant argument about protecting the 98% we hear from BO I find curious.  Give or take there were about 60 million people who voted against him and for the Republicans last month.  Only a relative handful of them were in the 2% yet they voted to protect everyone.  The vast majority of that 60 million were voting their conscience and what they believed was in the best interest of the country not to benefit their own pocket book.  You can make your own comparison as to the motives of the 60 plus million who voted for BO.   I never found a “beggar thy neighbor” approach to politics or government policy good for the long haul.   Someday sure as the world you’ll be the “neighbor” in the cross hairs of the majority of the voters.

If I were King for a day one of the things I would do would be to repeal thousands of the Federal criminal statutes.  There are so many of them today that no one knows exactly how many there are.  They potentially intrude into every aspect of your life.  The vast majority of them are never used or enforced.  The problem is that they are used selectively to punish those determined to be a difficult for an Administration or one of its Departments, agencies or bureaus or even worse the spite of a US attorney.  Make no mistake those guys are highly political and will go against political enemies in a heartbeat. Further all of our Federal criminal statutes should be in one location, in the US Penal Code and no where else.  Now they are scattered throughout the hundreds of thousands of Federal laws and regulations.  That is a set up for abuse.  It is one thing to say that ignorance of the law is no excuse but our citizens should at least be given a reasonable man standard about knowing some of the arcana of the Federal criminal laws.

“Fame is proof that people are gullible”  W. Emerson, American poet, essayist.  http://www.olcranky.wordpress.com


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Filed under Economics, government, Politics

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