Regnat Populus

The people rule.

Archive for the ‘Politics’ Category

The site has moved.

Posted by Max Barron on June 1, 2009

Ladies and gentlemen,

I am pleased to report that the new website is now officially live. This wordpress blog will no longer be updated. All new (as well as old) content will be posted on the new website located at:

I hope that you will continue reading my posts and passing them along to your friends. Thank you all for your continued patronage and I look forward to seeing you all over at Uncanned Response.



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Another One Bites The Dust…

Posted by Max Barron on May 26, 2009

Another one bites the dust.  If Queen had been watching Maryland’s economic high rollers over the last year that is precisely what they would be singing.  Maryland, who in 2008 had roughly 3,000 millionaire tax filings.  Now?  Closer to 2,000.  This is no phenomenon.  Maryland is joining the ranks of other tax fleecing states that soak the rich such as California, New Jersey, and New York. 

Trading Places

Trading Places

The tax and spend redistributionists will point their crooked fingers at the recession, which may share some blame, but their missing the mark.  Each of those states (and I am certain that there are more – I just don’t have numbers on them yet) have soak the rich tax codes and redistributionist policies.  Coincidence?  I think not. 

The successful and wealthy are simply tired of carrying more than the lion’s share of state burdens, and who can blame them.  They are punished for their success and their earnings are fleeced, swiped, stolen and captured… in the interest of fairness

Is it really fair that successful people who are productive and already carry the burdens of the unsuccessful and unproductive leachers be required to pay even more?  I don’t think so, and apparently neither do they.  The productive and successful people, who provide jobs, income and tax revenues have no fear of packing their bags and moving to a less bloated and punitive state.

When the wealthy leave, the middle class is forced to take up the slack for the burgeoning population of bureaucrats and entitlement leeches.  Inevitably, the  middle class either runs out of money or runs to another state.  See New Jersey, New York and California.  All of which are on the verge of collapse.  Maryland is next, if it doesn’t straighten out its act – and by that I mean kick the statist left out of office and replace them with solid conservatives.

These events should put every state with a bloated government on notice…. You’re next! 

…and another one gone, another one gone, another one bites the dust.

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Hey Barack, This Is What A Spine Looks Like

Posted by Max Barron on May 22, 2009

Netanyahu and Obama met last week to discuss the Israel and Hamas conflict –  I sincerely hope that big O was taking notes.  Netanyahu, a man with a steel spine and big cast iron balls, made perfectly clear that Israel will rightfully protect its sovereignty.  Obama, a noted placater and apologist, is a proponent of the implausible two-state solution – which isn’t a solution at all.  Pay attention, Barack, take photos, draw diagrams, whatever – this is what a spine looks like. 

From Wall Street Journal:

JERUSALEM — Israeli Prime Minister Benjamin Netanyahu insisted Thursday that all of Jerusalem will always remain under Israeli sovereignty, taking a hard line on a key Israeli-Palestinian peace issue just hours after his forces removed an unauthorized settlement outpost in the West Bank.

The twin moves came a day after Netanyahu returned from talks in Washington, where President Barack Obama backed creation of a Palestinian state and urged an end to Jewish settlement construction in the West Bank, setting up a potential confrontation between Israel and the U.S.

Netanyahu has refused to endorse Palestinian statehood, and his uncompromising statement about Jerusalem focused attention on another issue that could cause friction between Israel and Obama’s administration.

netanyahuNot only did Benjamin refuse to capitulate, he backed up his word with deed.  See Barack, that’s what enforcing the law looks like.  He didn’t tear down a settlement outpost because “The One” demanded it… he tore it down because it was an unauthorized settlement.  Benjamin will no doubt continue to authorize some settlements – as it is Israel’s sovereign right to settle its own land.

More over, Netanyahu refused to yield to the two-state solution proposal that’s being rammed down his throat.  And rightfully so.  The two-state solution has been pushed for decades now and to no avail.  Not from lack of effort or good will on the part of Israel though.  It is Hamas that continues to reject peace – because peace and statehood are not their goals.  The demolition of Israel and the removal of Jews is.  Netanyahu knows this.  He knows from decades of experience with them.  Rightfully, Netanyahu demands that Hamas recognize Israel’s statehood before he will even begin to approach the table.  He recognizes that the fight isn’t about a “Palestinian” state.  It’s about preventing Hamas from killing innocent Israelis in the name of a “Palestinian state.” 

I hope that the Capitulator-In-Chief was paying close attention…  Perhaps if he sees what a spine and a pair looks like – he may eventually grow them himself.

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Hey Ahnuld! Time To Go T-1000 On Some Entitlements

Posted by Max Barron on May 21, 2009

arnoldpulpitOn Tuesday the people of Calee-for-nya delivered a decisive blow against the Governator’s plans to hike even more taxes to pay for the ever-growing state debt.  Debt that has been run up through decades of political abuse, entitlements, illegal aliens and above all liberal union back-scratching. 

Long ago when Arnold first arrived on the scene in California… He kicked open the door Terminator style and went after the wasteful and bloated spending of state politicians.  Unfortunately, Cali is a solid deep dark-blue state.  As such, the deeply entrenched liberal left whipped out their very own T-2000 in the form of various unions and delivered lethal blow after lethal blow to the then Governator.  Union-T-2000 soundly beat down the Governator’s reforms, and reduced the would be Action-Hero turned politician, to nothing more than a common governor and politician.  Since then, Ahnuld has adopted the RINO stance as a matter of survival.  Unfortunately, in so doing he has effectively helped kill his state. 

All is not lost though!  For yours truly, in true conservative form, has a solution.  Instead of following through on the doomsday threats to cut education, emergency services and human services – which won’t fly anyway, thanks to the death grip of unions.  Let’s try something far more novel. 

For starters, the obvious tax cuts.  Income tax, sales tax and property taxes should be hacked to death.  Then move to cut funding of entitlement programs.  First up would be state funded services for illegal immigrants – they shouldn’t be receiving them to begin with.  There are enumerable programs that can and should be cut… permanently.  They can be identified by seeing what: a) redistributes wealth and b) what gives something for nothing.  Cut ’em, give those programs a death sentence by stopping, immediately, all of their funding.

Next up we’ll move on to the environmentalists.  California is a veritable corn-of-copia of environmentalist nutbag regulations… let’s dispose of those – and recapture all of that funding.  They aren’t necessary.  Especially when compared to keeping police on the streets and preventing the shut-down of fire stations across the state.

Then move on to beauracrats.  Take a look at numerous “red state” governments… see where California has an overabundance of agencies and beauracrats – then terminate them with extreme predjudice.  Also consider that once the environmental regulations are cut to resemble more reasonable states, and funding for numerous tree-hugger programs are cut, there will be entire departments within the government that can be cut. 

It’s a novel approach to balancing the budget.  Instead of under-funding the essentials.  Cut funding from the non-essential.  From entitlements to regulations and regulators all the way to Sacramento itself, there is a smorgasbord of profligate spending that can be removed completely.  Oh, and if you still want to sell state property… once those unessential and wasteful agencies have been cleared – you can sell off the buildings to productive businesses, that will no doubt return if the taxes get cut.

This plan will work, Arnold.  All you need do is upgrade your systems to T-3000, gird your loins, stiffen your spine and rack up some testicular fortitude.  You will no doubt take a political beating… but the Governator can take it.  Of course, you may also want to invest in a comfy couch at home – but then, that’s your fault for marrying a Kennedy to being with.

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Wanted: Judge With Empathy

Posted by Max Barron on May 20, 2009

Married black President seeking politically correct Justice with empathy for the downtrodden and innate hatred for the successful.  Willing to rewrite Constitution and legislate from the bench. Also likes long walks on the beach. 

If Barack Obama took out a “Wanted ad” in the classifieds for Supreme Court nominee, that’s what it would look like.  Or so it would seem because every potential nominee on the various “short lists” appear to be the kind of kooks that come along with personal ads. 

As of Tuesday May 20th the President has been interviewing possible picks for the nomination.

President Barack Obama began interviewing potential Supreme Court candidates Tuesday, while a senior White House official defended the president’s stated preference for a nominee who will give the powerless “a fair shake.”

As discussed previously, “a fair shake” is not only a minimal qualification for Obama it is also the crux of a larger problem.  Judicial activism.  Obama wants a judge that uses their personal empathy when interpreting law.  The trouble is – law doesn’t use empathy… if it did then it wouldn’t be law.  Laws are rules to be obided by all who are under them and upheld by those appointed to the courts.  Laws aren’t to be re-written or re-interpreted by the courts.  The U.S. Congress does that.  It is for Congress to write laws, the President to sign them, and the Judiciary to uphold them.  If a judge seeks to follow their heart and not the letter of the law when deciding cases, then in essence a lawless society is created.  One that is governed not by reason and law, but a soft tyranny that is governed by platitudes and emotions.  There is no justification for this sort activism… and no excusing the support for it.  But that doesn’t stop our Oligarch-in-Chief’s Minister of Propaganda from trying to.

“Fidelity to the Constitution is paramount, but as with any document that was written no matter how brilliantly centuries ago, it couldn’t possibly have anticipated all the questions that would be asked in the 21st century,” Mr. Axelrod said.

The duplicitous nature of Axelrod’s statement should be readily apparent to any reasonable and learned individual.  He states with certainty what is the general consensus amongst the statist left.  That the Constitution is a living document to be changed at their whim. And that it is also an old, out-of-touch and outdated document in need of revision.  This is simply not the case.  The Constitution is not living and breathing.  It is a limiting charter written in stone, 10 Commandments style.  Doubtlessly, the statists would love to see a “The 10 Commandments” style breaking of the tablet – with a judge in place of Charlton Heston, less melodrama and of course, they’ll keep the Golden Calf.  It just wouldn’t be right to throw stone tablets at “The One.”

Colorful imagery aside, if Obama manages to push his empathetic nominee through the Senate Confirmation hearings, much less one or two more later, a breaking of the tablets is precisely what will happen.  It is readily apparent that judicial legislation, soft tyranny and social justice are the intent – given that Obama believes that difficult cases should be decided “on the basis of one’s deepest values, one’s core concerns, one’s broader perspectives on how the world works, and the depth and breadth of one’s empathy.”  We can look forward to class warfare being not just the rule of Democrat politics, but also the rule of law.

Non-vicitim groups, gird your loins!

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Americans Have A New Nanny – Nanny Frieden

Posted by Max Barron on May 15, 2009

441988382_fcfd084b29_oThomas “Nanny” Frieden has been appointed to head the CDC by Nanny-in-Cheif Obama.  Frieden is hailed by the administration as an expert in epidemic prevention and electronic health records.  He is also an expert on making us tempestuous children eat our veggies, cut out fat and quit smoking.  This may sound like a good thing to the granola munching bicycle riding health activists… but it sounds like a recipe for disaster to yours truly.

Here we have a guy who is on a crusade.  A crusade to rid us mere infants of the hazardous choices of life.  Worried about caloric intake?  Fear not!  There will be a calorie listing right next to the menu item at your local restaurant chain.  Worried about trans fats?  Fear not!  Nanny Frieden will ensure that all local restaurants rid their foods of the unhealthy substance.  Worried about carcinogens?  Fear not!  You’ll be bombarded with tobacco taxes, stop smoking commercials, anti-smoking legislation and smoking bans until you submit. 

Like a naughty child subjected to an old school English nanny, you’ll be bludgeoned and bullied into doing what’s “right,” whether you like it or not!  Nanny Frieden believes in public shaming as well.  For if you disobey and find yourself with diabetes… your name and blood sugar levels will regularly be submitted, on-line, to various physicians.  Like a report card to your parents. 

Nanny Frieden has gleaned a bit from the education system as well.  So there is no shock in knowing that there will be community finals testing.  Whereby you children will take part in a Health and Nutrition Exam Survey.  This will help your parents on Capital Hill decide what further sanctions to impose upon us infantile children… of course, it’s for our own good.  Because we are children, under the ever watchful eyes of our politician parents, and far too naive and ignorant to know that fast food is fattening, smoking is bad for our health, exercise is important, and that we should cut fats and eat our veggies.

Let your worries be eased and rest your weary eyes, children.  For Nanny Frieden will ensure that nothing bad happens to you.  He won’t let the boogie men get you.  You won’t ever have to worry about doing something unhealthy… because you won’t ever have to make the choice.  Nanny Frieden will do it for you.

If you think this is far fetched or can’t happen… it already did in New York, and soon in a community near you!

“Hush little babies, don’t say a word…”

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Orszag Needs A Proctocolectomy

Posted by Max Barron on May 15, 2009

head-up-assOrszag Needs A Proctocolectomy… To safely remove his head from his arse.  Because that is where it seems to reside – if he thinks anyone with any kind of sense buys the bull his incontinent bowls are spewing.  Orszag put pen to paper for an opinion piece in the Wall Street Journal, allow me to state for the record that there is such a thing as a wrong opinion.  You need look no further than Orszag’s diatribe to find a prime example.

The Medicare and Social Security trustees’ reports released this week show that health-care costs drive our long-term entitlement problem. An example illustrates the point: If costs per enrollee in Medicare and Medicaid grow at the same rate over the next four decades as they have over the past four, those two programs will increase from 5% of GDP today to 20% by 2050.

First, “long term entitlements” are a huge part of our collective problems to day.  Orszag basically defines why when he drones on to tell us that in 40 years at current growth rates Medicare and Medicaid will consume 20% of GDP.  I’ve talked about this before.  It is a certain sign of an ignorant or otherwise foolish person to use the prime example of what is wrong with federal entitlement programs… to argue the case for MORE federal entitlement programs.

We don’t seem to be getting anything in exchange for the extra costs except more intensive tests and procedures, and additional days in the hospital — and who would want any of that if the additional tests and procedures do not actually help to promote health?

No one would want excessive and useless tests with more hospital time.  No one does.  Not even the doctors that are performing the tests.  But they don’t have a choice, because if they don’t some shyster trial lawyer will sue the doctor and hospital for millions and win.  Thus the high cost of malpractice insurance, and therefore, higher cost of care. 

While Orszag may have a point about excessive testing… but he’s also using it to frame his argument for government rationed health care.  The stench of statist mouth sewage is wafting from the statement.  Swimmers beware!

Health-care costs are already so high and the power of compound interest so strong that reducing the growth rate by 1.5 percentage points per year would save substantial sums. It would reduce national health expenditures by more than $2 trillion over the next decade — and could help to put roughly $2,500 in the pockets of the average American family every year.

Excellent point!  What Petey, here is forgetting to mention is that much of those costs are driven up because of government regulations that prevent competition in the industry.  These numbers also come from a more Capitalist system – one which is vastly more efficient and effective than a bureaucratically driven system.  So, if the overly burdensome costs and compound interest are so oppressive now… one can hardly fathom what it would be like with nationalized health care.  Wait, yes we can!  Just take a look at the current entitlement programs.  Or virtually any program run by the bureaucrats.  Inefficient.  Ineffective.  Piss poor.

A slower growth rate in overall health-care spending would help to promote and sustain a slowdown in Medicare and Medicaid spending, too. If cost growth slowed by that much in the future, Medicare and Medicaid spending would reach only about 10% of GDP by 2050 — half the level than if historical growth rates continued.

Lesser health care costs sure would lower the.. uh.. cost of health care.  You don’t say?  Perhaps if the Democrats stopped supporting trial lawyers and started supporting legislation that would seek to end frivolous lawsuits we’d be off to a great start.  Then the statists could do something completely against their nature, like opening up the entire industry to competition – which always causes lower pricing and higher quality.  Sacrilege!

“…only about 10% of GDP…” Only?  Last time I checked, 10% was still a whole freakin’ lot.  Perhaps, just perhaps, instead of blowing 10% of GDP on an entitlement program that is best left to the private sector… we could actually make it 0% by actually turning it over to the private sector.  Oh, and lest we forget the agenda here… If Medicare and Medicaid – which is only used by a fraction of the population – is on track to consume more than 10% (up to 20%) of GDP, what is Obamacare going to consume?

How can we move toward a high-quality, lower-cost system? There are four key steps: 1) health information technology, because we can’t improve what we don’t measure; 2) more research into what works and what doesn’t, so doctors don’t recommend treatments that don’t improve health; 3) prevention and wellness, so that people do the things that keep them healthy and avoid costs associated with health risks such as smoking and obesity; and 4) changes in financial incentives for providers so that they are incentivized rather than penalized for delivering high-quality care.

1) Yes, let’s give the bloated bureaucrats a nice database with ALL of our personal health information… yeah, that’ll be good.

2) Translation – Let’s have the bureaucrats ration our health care in whatever manner they see fit.  How’s that working out for the UK?

3)  Like punitive taxes to discourage us from doing what the statist jackals don’t want us to do?  i.e. Soda taxes, alcohol taxes, tobacco taxes, fat taxes, and soon how about a breathing tax.  What if we don’t cover our mouths when we cough or wash our hands, Mr. President?  Will we be taxed in the name of health care costs? Or perhaps they’ll just plain outlaw everything that they don’t want us to do – but then where would they get their money.

4)  How is it that they are penalized now?  Ohhhh, because they get more money for seeing more patients.  Which leaves the victim seeking statist to believe that this lends to shoddy care.  So let’s reverse that and pay them more to see less patients.  Yeah, that’s a great idea.

In February, the president signed the American Recovery and Reinvestment Act, which is providing resources for electronic medical records, patient-centered health research, and prevention and wellness interventions so that we have the infrastructure in place to lower health spending in the long run.

The Generational Theft Act provided a nice chunk of change to GE (whom also received TARP monies) to research and create this great nationalized health care database.  Coincidentally,this is the same company that owns the All Barack Worshiping Channels. Better known as NBC, MSNBC and CNBC.  Can we say political pay-off?

The president’s budget also put forward a set of quality-enhancing changes in incentives in Medicare and Medicaid, such as paying hospitals less when they don’t get patient treatment right the first time so we can reduce the number of patients who have to endure readmission to a hospital.

There is an old joke – “It’s called practicing medicine for a reason.” There is no certainty in diagnosis… it is a guessing game based on symptoms. If the all-seeing all-knowing government chooses to penalize doctors for NOT getting it right on the first try, they will start refusing to see patients. OR include even more excessive testing and longer stays to ensure that they get it “right” on the first visit. “We’re ready for your colonoscopy Mr. Smith.” “But I came in because I have the sniffles.” Isn’t this precisely what Petey-boy was just whining about?

But more must be done. To transform our health-care system so that it improves efficiency and increases value, we need to undertake comprehensive health-care reform, and the president is committed to getting that done this year. Once we do, we will put the nation on a sustainable fiscal path and build a new foundation for our economy for generations to come.

Riiiiggghhhhtttt.  There’s that statist stench we all know and hate.  As mentioned previously.  If Medicare and Medicaid as so completely utterly wasteful, expensive and inefficient – why would anyone with common sense believe that a national system just like Medicare and Medicaid – but for everyone – would be any different?  Perhaps Mr. Orszag has been sitting on his head for too long.

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Obamacare Paid In Part By Tax On Private Care

Posted by Max Barron on May 14, 2009

obama_healthcare1_1Ladies and gentlemen, sit back and savor the irony as the Obama administration and his minions on the hill consider funding Obamacare in part by taxing what he said (while campaigning) should not be taxed – Employer based health care benefits, which is currently tax exempt.  If you recall John McCain’s health care reform plan involved taxing employee health care benefits to fund a tax credit for people to go out and buy their own health care insurance.  You will also recall that Obama railed against such a tax saying that it would hurt low income and middle class families.  However, the idea is gaining steam in Congress as they have estimated that removing the tax exemption could generate up to $297 billion in tax revenues.

The idea of taxing employee health-care benefits to raise money for an overhaul of the health system is gaining strength in Congress, although it drew criticism from Barack Obama when he was campaigning for president.

Experts lined up Tuesday before the Senate Finance Committee and said it is one of the best ways to pay for a health-care overhaul. Many top Democrats support the concept.

Not so coincidentally taxing the benefits to pay for Obamacare is also another nail in the private health care coffin – which Obama and his statist Congress are building – and another way to help ensure the inevitability of single-payer nationalized health care.  The major road block for Obamacare is funding.  The overwhelming costs of his health care initiative cannot be funded from just one place…

A comprehensive plan that would include coverage for those now without insurance is expected to cost about $1.2 trillion over 10 years. So far, the government has identified where it will get about half of that sum.

The sheer magnitude of funds needed for Obamacare means that Obama and Congress are going to have to get creative with their taxation.  As discussed earlier here they are also considering a Soda Tax  and naturally, another alcohol tax.  Falling short of the currently projected $1.2 trillion over 10 years, the currently estimated $297 billion annually is starting to look mouth-watering good.  However, that doesn’t mean that removing the exemption will fly in Congress.

Leading Democrats say they still want the benefits to have some tax advantages. “To be honest, I don’t think we’re going to repeal the exclusion,” Senate Finance Committee Chairman Max Baucus (D., Mont.) said at Tuesday’s hearing. Instead, they are considering placing a cap on the amount that is tax-exempt, and higher-income employees could see the tax benefit curbed.

“I don’t see how you put a package together…unless you touch the exclusion,” Robert Greenstein, executive director of the Center on Budget and Policy Priorities, a left-leaning think tank, said at Tuesday’s hearing.

Translation – more class warfare.  My prediction is that targeted voting blocks (poor and lower middle class) will probably keep their exemptions while the middle class will probably see partial exemptions.  The upper middle class will see less, if any, exemptions and those vile, evil, rich people will get no exemptions and/or possibly pay even more. 

Call me cynical but I highly suspect that Obamacare will cost well above $1.2 trillion – which of course, means that those initially kept expemtions will be slowly stripped away.  And should these exemptions be stripped we can look forward to an acceleration towards a complete single-payer system.  The irony is that by killing exemptions to pay for Obamacare and usher in the single-payer system, once private health care is dead and buried… how will it be paid for?

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An Entitlement Society Is A Bankrupt Society

Posted by Max Barron on May 14, 2009

aria-babiesEconomics 101 – you cannot sustain increasing debts without increasing, by wider margin, incomes.  We Conservatives know this, the government knows this – but doesn’t care, and the Wall Street Journal points it out yet again.  Our entitlement programs, more specifically Social Security and Medicare are a few years short of total collapse.  Unlike a corporation, these programs can’t file chapter 11.  Instead, Congress will drive up taxation – to no avail – in order to sustain these programs for a few more years before they do what is inevitable… fail.

The Medicare fund for hospital care will be depleted in 2017, two years earlier than government actuaries estimated a year ago. Last year marked the first time that Medicare ran a deficit, paying out more in benefits than it generates from taxes and other revenue.

The report also factors in a 21% cut in payments this year, required by law, to doctors working for Medicare. But for the past several years, Congress has canceled that reduction.

Keep in mind that the 2017 date is based on a 21% cut in payments to doctors in the program, which Congress reliably cancels.  The current Congress, controlled overwhelmingly by Democrats, is virtually guaranteed to cancel the cut again this year.  Invariably, this will bring the 2017 date down a notch.  The solution to this program’s complete and dismal failure?  It won’t be proper privatization, no sir.  It will be more tax revenues… or a heavy hand smacking the health care industry – ala Chrysler.  Or both.   

Obama administration officials used the new estimates as a rationale for overhauling health care. “Today, we’re not issuing just another government report,” HHS Secretary Kathleen Sebelius said. “It’s a wake-up call for anyone concerned about Medicare and the health of our economy. And it’s another sign that we can’t wait for real, comprehensive health reform.”

The Obama administration has proposed several ways to control Medicare costs, including cutting payments to private insurers and allowing the government to negotiate drug prices with pharmaceutical companies. Some of those cuts face resistance in Congress, which will need to approve them. Even if approved, the savings won’t come close to fully offsetting the increasing cost of the program. Many of the savings have already been reserved to pay for the administration’s plan to overhaul health care.

What Sebelius and the Obama administration are neglecting to mention is that the Medicare program has been government driven from the beginning.  And it is failing – just as anyone with any common sense would foresee.  So what’s the solution?  More government.  More entitlements… more, more, more. 

However, what the administration is careful to tip toe around is the issue of taxation.  The simple fact of the matter is that new taxes and higher taxes will be needed to prop up Medicare immediately. 

“In the end, there’s going to be a lot of huffing and puffing and some genuine savings from changes in Medicare, but there is no way to balance Medicare without significant increases in taxes,” said Henry Aaron, an economist with the liberal-leaning Brookings Institution.

Medicare, like Social Security, is a failing social experiment… One that should be kept in mind when discussing the merits of nationalized health care.  Sebelius and Obama seem to believe that all Americans should be placed in a health care system, run by the government – like Medicare and Medicaid.  As if the current entitlements aren’t abysmal drains on the economy and the senior citizens currently subjected to them.  Not one of the federally driven entitlements is in good shape, nor can they be, because there is NEVER enough money.  Take Social Security for instance, which is something that everyone pays into.

The Social Security trust fund wouldn’t be exhausted until 2037, but that is four years earlier than last year’s report predicted.

The actuaries estimated that Social Security beneficiaries would not receive a cost-of-living increase for the next two years, and that a quarter of Medicare beneficiaries would pay higher-than-usual increases in monthly premiums, 8% in 2010 and 15% in 2011.

Each year the estimated year of bankruptcy is lowered.  Last year it was 2041, now 2037, next year it will be even lower.  This is because of the simple fact that federal entitlements fail.  They always will fail.  There are far too many people drawing far too little funds.  The only solution is to raise taxes on any number of things.  Even if those tax levels were raised and new taxes were created, there still would not be enough money to sustain the level of debt from these entitlements.  So more taxes will be created and more private wealth consumed, until there simply isn’t anything left.  It is like bailing water off of a sinking Titanic with buckets. 

That is especially clear given the fact that the Baby Boomer generation is about to begin their mass move to retirement, where their collective weight will be on our shoulders as they are enrolled in Medicare and begin to draw Social Security. 

My prediction?  These failing programs will be used as another sob story justification for nationalized health care.  Which if enacted, will fail, just as every other entitlement or government run program.  Realize that since the creation of these programs tax payers have dumped tens of trillions of dollars into them… and they failed.  What makes anyone think that nationalized health care will be any different?

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Fedzilla Sinks Its Claws Into More Banks

Posted by Max Barron on May 13, 2009


See! We told you so!  When the Fedzilla first began discussions of limiting or involving itself in executive pay for TARP recipients, we told you it wouldn’t be long before they expanded those policies and more to non-TARP banks.  We were right.  Yes, once again our oh-so-trustworthy federal government has once again decided to expand its reach, scope and power in such a way that would make The Blob envious. 

From The Wall Street Journal:

WASHINGTON — The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money, according to people familiar with the matter.

The initiative, which is in its early stages, is part of an ambitious and likely controversial effort to broadly address the way financial companies pay employees and executives, including an attempt to more closely align pay with long-term performance.

Administration and regulatory officials are looking at various options, including using the Federal Reserve’s supervisory powers, the power of the Securities and Exchange Commission and moral suasion. Officials are also looking at what could be done legislatively. 

There’s no real surprise here at all.  Conservatives were railing about this inevitable overreach months ago.  The statists are going to do what statists do… which is expand the government and grab control of everything that they can get their grubby meat-hooks on – by hook or crook.

At the same time, House Financial Services Committee Chairman Barney Frank (D., Mass.) is working on legislation that could strengthen the government’s ability both to monitor compensation and to curb incentives that threaten a company’s viability or pose a systemic risk to the economy.

Speaking of crook… The banking queen is undoubtedly rubbing his slimy paws together in anticipation. Regulating compensation of banks – even non-TARP banks – must be a wet-dream come true. After all, he’s the Finance Committee Chair. This would give him unprecedented power and reach – “Do as I say, or I gut your pay… Give me what I want, and you get your bonuses.”  I’m certain that he is apoplectic with glee at the mere thought of puppeteering the financial institutions of the U.S. – money and power being the purveyor of his every masturbatory fantasy.

Financial institutions are just the beginning – phase 2, if you will – and it won’t end there, my friends.  Quote me on that.  In fact quote the Government officials on it as well.

Government officials said their effort, which is just beginning, isn’t aimed at setting pay or establishing detailed rules. “This is not going to be about capping compensation or micro-management,” said an administration official. “It will be about understanding what is the best way to align compensation with sound risk management and long-term value creation.”

In an indication of how broad the effort may become, Federal Deposit Insurance Corp. Chairman Sheila Bair said regulators need to examine compensation practices in the mortgage industry, suggesting new limits could stretch beyond banks.

The administration official claiming that these moves aren’t really about capping pay and micro-management – which they obviously are – had to be laughing out loud at his own incredulous and unbelievable lies.  Considering that the administration is openly stating that they are doing precisely what this official is saying that they’re not.  Then the official turns around in the very next breath and tells us the exact opposite.  Which is fairly unsurprising.

Also, unsurprisingly the statists all but flat out say that they know best, and therefore should tell these institutions how to best run their businesses… because Freddie and Fannie – both sponsored by the government and overseen by Barney “Blowhard” Frank – did so well, right?  Speaking of Freddie and Fannie, Sheila Bair says mortgage institutions are next on the Fedzilla’s platter.  It is only a matter of time before the wheels of Capitalism are ground to a destructive halt… and our economically viable futures with it.

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