Paul Krugman is an idiot, part 5.

In Paul's recent homily to deficit spending, he proves for the 64,388th time that he is less an economist than a pundit. Chief mouthpiece for the propaganda ministry of the Democrat party. This was the man decrying deficit spending under the spendthrift Bush, but laud's double the rate of deficit spending under Obama. No honesty or integrity in sight, but let's address his latest example of shameless posterior licking.

Essentially Paul thinks we would be stupid not to borrow, at the Federal level, for such necessities as "infrastructure", education, energy, wastewater treatment, bike paths, who knows. And his reasoning is that interest rates are so low that borrowing is cheap., Yes, Paul, in that you are correct. However, we are already $19.45T in debt, with deficits rising faster than our record revenues, due largely to Obama's spending orgy and Democrats hypocritical willful ignorance of it. In other words, our debt is 106%of GDP, and on top of that spending is outpacing income. In a sane world this is the very definition of Bankruptcy. However Paul had written in the past about his grand plan to mint a $1T Platinum coin to alleviate this, where exactly did this hack get an education?

Now, Paul, in your household, if your debt were 106% of income, and your annual spending 131% of income, how would it possibly make sense to borrow more low rates or not?

Perhaps, if this borrowed monies were to be invested in income producing assets, but that is not what government does, and it does nothing efficiently. Your idea is for Obama who began his tenure with $1T in borrowing for infrastructure(remember the shovel ready projects he later laughed about?) to end his tenure with another massive borrowing for the same wasteful black hole. Imagine that you get paid for spewing this lunacy.

Aside from the economic idiocy of this, you have forgotten, if you ever knew, about a little antiquated document called the Constitution. NONE of your spending projects are the responsibility of the Federal Government. This is part of the problem, when spending is conducted by political corruption and vote buying in Washington, it is not directed where it is needed to help the economy, but where it will buy the most votes. And the taxpayers are, as always, left holding the bill. It seems that you are hell bent upon turning the entire Federal governemt into a huge replica of the Ponzi scheme that is Social Security.

The speech Donald Trump SHOULD give

Good evening my fellow Americans,

NOT African- Americans or Hispanic- Americans, or Gay, LGBT, or other Americans, but ALL AMERICANS. We leave, and should leave that divisive, identity group politics to the Democrats, whose political playbook has been demonstrated to be "divide and conquer".

As Republicans we do not care about your race, ethnicity, sexual preference, or any other criteria that the Democrats use to divide us. We care about who you are and what you do. If you are a productive law abiding citizen you will have our blessing forever. If you are unable to be productive we will help you. We wish to return this country to the Founding principles that made America exceptional. Individual freedom and responsibility, freedom to make the choices how to live your life, where to live, what type of work to do, how  to spend your money, what health insurance to buy, what setting for your thermostat, etc. Unlike our opponents we do not seek to tell you how to live every facet of your life, in the misguided notion that we know better than you, what is best for you. We leave that smug, condescending elitism to the Democrats.

To the minority groups listening tonight, particularly American- Africans. The Democrat party has failed you, just look at their history. They enslaved you. They subjugated you. They oppressed you. They stole your heritage. They brought you Dred Scott, Plessy, Separate but equal, sitting in the back of the bus, They fought against your freedom. They fought against four civil rights acts before filibustering the Civil Rights act of 1964. They filibustered the Voting Rights act of 1965. They locked your kids into failing schools, robbing them of their future, they demonized you for straying from their plantation by applying diversity of  thought, and voting your interests. Dr. Martin Luther King had a dream.... of a color blind society where his kids could succeed by their own merits. He never embraced the Democrat mantra that you can not succeed without the democrats, herding you into inner city ghettos and exploiting your vote, while throwing you crumbs to placate you.

THE DEMOCRAT PARTY HAS FAILED YOU! for 150 YEARS THEY HAVE FAILED YOU OVER AND OVER AGAIN! Just look at the last 7 years under America's first black president. Black teenage unemployment in some areas of the country is over 44%. Black food stamp usage has increased by 58% under this president. Black poverty is at record levels. The incarceration gap has soared. And the National Urban League's "equality index" has found that the equality gap has increased. According to the Federal Reserve, while white households’ median wealth slightly increased from 2010 to 2013, Hispanic households’ net worth dropped 14 percent, while black net worth fell from $16,600 to $11,000 – a three-year drop of 34 percent.

Gross Domestic Product: The recession ended in June 2009. Obama’s recovery, according to the Joint Economic Committee, averaged an inflation-adjusted GDP growth of 2.2 percent over the next 25 quarters. The average recovery following post-1960 economic slowdowns, which lasted more than 12 months, is 3.9 percent, and under President Ronald Reagan it was 4.8 percent. President Obama will be the first president to reign over a recovery in which not a single year’s economy grew at least 3 percent.
Jobs: During this recovery, private-sector jobs grew 11.6 percent. According to the Congressional Joint Economic Committee., the private-sector job growth under the average recovery is 17.0 percent. Under Ronald Reagan, average job growth was 23.6 percent.
The national debt: When Obama entered the White House, the federal debt stood at $10 trillion. Federal debt, according to the summary tables in the last budget Obama submitted – which runs through Sept. 30, 2017 – will be over $20 trillion.
The reason the Reagan recovery and the Obama recovery are analogous is that, as Tavis Smiley put it, the “leading” economic “categories” were similar.
Under Reagan, unemployment peaked at 10.8 percent, under Obama at 10.0 percent. In the early ’80s under Reagan, inflation averaged 13.5 percent; under Obama, it’s been relatively tame. Under Reagan, prime interest rates hit 20.5 percent. So blaming the tepid Obama recovery on the “unprecedented” harsh numbers of so-called “Great Recession” he inherited won’t fly, despite the pass – and frequent praise – Obama gets from the media.

The fact is that blacks narrowed the employment, education, wealth, and equality gaps more in the period just before the Civil rights act from 1940-1960 than they have following it.

To America's minorities your interest lie with us. We will not tell you you can not succeed, or the deck is stacked against you. We will not tell you that you need the governments rule over you to push others out of the way. Because that favoritism today, will tomorrow be given to someone else while you are taken for granted, which is exactly what the democrats have done with blacks and hispanics over the last 40 years as once they had you in their fold, they forgot you and shifted attention to their new preferred victim class. Notice that they ALWAYS require a new class of victims, they do not empower and lift you up, they tear you down and tell you that you are unable to succeed without them. THE TIME FOR THIS TO STOP IS NOW!!!

Republicans want you to succeed. We want you to have the best education possible. We want you to be able  to choose your school, choose your health insurance, choose your home, choose your work. We want you to throw off the Democrat shackles, and rise to the level of your own abilities. That is the only way to achieve a vibrant, successful, progressive America. Government is not  the solution, it is the problem.

The Constitution does not guarantee equality of results. it guarantees equality of opportunity. what you do with that opportunity is up to you. Your lifes path will be dictated by the choices you make. If you choose to knock over a convenience store, and charge the cop and wrestle with him for his gun, it is not the cops fault, you chose an action that may result in your death. If you choose to apply yourself to your studies, and get an education, you can become President of these United States. The choices are your own, as are the consequences. Do not blame others for the choices you make.

America was founded upon the principle that you could live your life as you choose without governmental interference right up to the point you infringe upon another's right to  do the same. It was the first country in the world founded as such, and this is what produced the most stunningly exceptional country on earth, the most stunningly successful country on earth. This belief was called LIBERALISM. Towards the end of the 19th century, the world descended into an orgiastic embrace of Marx theory of Socialism, Hence the rise of the Progressive movement, in America this movement's stated goal was to overcome Liberalism. Today this term has been thoroughly perverted. Today's classical Liberals are Libertarians and Constitutionalists, While the self proclaimed Liberals are more truly Progressive/Statists. YOU must decide, if you wish for FREEDOM, or SUBJUGATION. Do you wish to move back towards the right to live your life as you see fit, or to continue down the Democrat road towards ever more governmental regulations detailing every facet of your existence? This is the choice that faces you this  year. This is the burden that history is placing upon you today. YOU can choose to be the patriot who saved the American experiment in the sovereignty of man over state, or you can choose to be the Progressive/Statist who chose to kill that vision in favor of the feudal vision of the States rule over men.

Social Security the greatest theft in history!

In 1935 Congress implemented the Social Security act of 1934. This act mandated a tax on wages, ostensibly for a retirement program. However, the benefits are not guaranteed, but subject to the whims of Congress, as is the contribution rate. And Congress has been raiding the alleged trust fund since 1968 spending every excess dollar, not on income producing assets to shore up the system, but essentially to buy votes while self aggrandizing. They have replaced the monies they spent with pieces of paper they created solely for this purpose, the "Special class, NON MARKETABLE Treasury security". This is nothing more than an IOU. It says Congress spent your retirement and will raise the funds to repay it with taxes extorted from you, and your children at some later date.

Now flash forward to 1981, President Reagan entered office to find Social Security functionally bankrupt. during it's life span it had taken in just over $1.4 trillion, and paid out just over $1.6 trillion. Reagan did not leave the Seniors with nothing, he doubled the contribution rate, saving Social Security until 2009, when president Obama became the first president to partially defund social security. And the intellectual lightweights in the Democrat party cheered him for his "tax cut", evidently not realizing that this was not an income tax cut, but a cut of the sole funding mechanism for Social Security and Medicare. What was the result you ask? For the first time outlays exceeded income, and social security had to draw from the general fund, something it has been doing since.

Let's try a little math here to demonstrate how social security rips off the average worker;

Every wage earner must contribute 12.4% of their income to social security. half from their check, half matched by their employer. Lets take the average worker earning an average of $50,000/yr. over his 50 year working life. Every year he contributes $6,200.00 for a grand total of $310,000 over his working life. For this, currently social security will give him a poverty level retirement of $19,862/yr.

Now, lets say that the worker owned his retirement, and Congress was forbidden from stealing it. He would contribute the same $6,200/yr. and lets say he chose a very safe form of investment, tax free municipal bonds paying 3.5%. These are the types of bonds that fund libraries, roads, fire stations, schools, etc. At the end of his 50 year working life he would OWN a retirement nest egg of $823,640.23. This will provide a retirement income of $44,388/ yr. And he can leave the fund to his kids, helping them on their way. He has created wealth.

So, social security forces you to pay enough for a middle class retirement to achieve poverty status, in an inflationary retirement.

A Health Care plan for all

A Health care plan for all

First let me state that allowing the government to run health care means your health care will be every bit as effective and cost conscious as the VA.

 First let's address the primary cost drivers in Health care today; They are government regulation and compliance costs, Unreimbursed care( illegals, uninsured, medicare/aid reductions), and medical torts/ defensive medicine. Continuing down the road of separating consumers from providers will continue to exacerbate costs as neither have any incentive to conserve. Now to the details; 

1.) Change the insurance model from specified coverage to dollar amount coverage: 

This means putting patients in control of their care and provider. Insurance companies will no longer specify coverage,you pay for dollar amount coverage much like auto insurance. YOU choose your provider and care putting YOU in charge of consumption. You will get rebates based upon money saved during the year. With this model there will no longer be a need for employer owned coverage allowing the consumer to purchase their insurance like car insurance and keep it with them when they move employers.

 2.) Probable cause hearing: 

Every medical tort MUST have a probable cause hearing. this is a preliminary hearing at which the judge has the ability to dismiss the case for lack of probable cause. The plaintiff must be able to show a liklihood that once discovery is complete they will be able to show clear negligence, incompetence, or neglect. And there also must be actual damage. 

3.) Complete competition: 

There are 1,124 companies selling health insurance in America. Let ALL of them compete in every state. NO mandatory minimums, you will be able to purchase basic catastrophic coverage, all the way to complete coverage, based upon WHAT YOU WANT AND CAN AFFORD. Al a carte pricing. 

4.) TRANSPARENCY 

ALL doctors offices, clinics and hospitals will post prices for basic every day services, so the patient can compare. Also, current government mandated prices will disappear. If a doctor wishes to charge $50 for an office visit, he will not be mandated to charge $155.20 solely because that is what it costs him to net his $50 per appt. through Medicare. Most of the senseless regulations will disappear with the government intervention in the marketplace. This plan will allow doctors, and providers to innovate without government approval. Local urgent care, and primary care offices will multiply, expensive hospital services will decrease. With the patients in control and rewarded for making good decisions costs will drop as over all consumption drops. As patients save insurers money and those saving s are passed back to consumers over all costs and reimbursements will also drop.

The proliferation of Nurse specialist care, urgent cares, and stand alone primary care facilities and clinics, will also reduce costs, and increase availability. No longer will people be forced into the ER for routine off hour care.

Now my loony lefty friends feel free to flame away