Milton Friedman on Capitalism and the Jews

Obama bows to saudi king and palin, with no jews present at rally on Oct 30 sports Israel pin

Obama bows to saudi king and palin, with no jews present at rally on Oct 30 sports Israel pin

The header was taken from signs that were hanged at the entrance to big markets and offices in Turk

The header was taken from signs that were hanged at the entrance to big markets and offices in Turk
and Jordan recently

Tuesday, July 19, 2011

Obama destroying the economy-welfare state

The Welfare State

1. The goal of the left is to create enough entitlements, for enough people, that America’s two party system will become similar to those in Europe- where the essential components of the welfare state are never challenged any more. The quibbling between the parties is then only at the margins. The good society becomes an ordered society, with the rules and results , dictated by the bureaucrats. Obamacare, if not reversed, is likely to be the final nail in the coffin – creating a new class of tens of millions of people dependent on government. It will, of course, come at horrific cost- it will be jobs killing, and guarantee slower economic growth in the future, which will lower the average standard of living. It is likely to create demand driven inflation, which will be treated by the new classes of regulators through rationing, and price controls, which are very likely to drive physicians from their practice. And it is certain to be far more expensive than the CBO estimates for the legislation, moving up the day of reckoning for the nation’s spiraling out of control debt. The left will argue that the rich just need to pay their fair share. They will ignore the fact that the Bush tax cuts of 2001 removed almost half the population from the income tax roles, and Obamacare is financed at least half, and likely more than that, by tax increases , exclusively on upper income Americans. In Europe, everyone who works, pays taxes and rates are generally higher at all income levels than they are in America. . The left in America, behaves as if all their social programs can be paid for by squeezing those in the top bracket to pay higher taxes. They are very wrong on this, which means they are either bad at math, or liars, or too lazy to do the analysis. In no case, is the let willing to challenge any program, once they are established. All spending is essential. All cuts, they argue are draconian, impacting the poor, the elderly, the middle class, and disproportionately, minorities. Can anyone identify any spending programs that President Obama has shown a willingness to cut, other than defense? Where are the $3 trillion in cuts he supposedly put on the table? The left is allergic to spending cuts in domestic programs. Several articles below on America’s new welfare state, and what it means:

Randall Hoeven on Obama’s spending binge. . His message- please just spend like Bush did . http://tinyurl.com/4xgy9ah
The very blue states, like Illinois, have been a proving ground for the spending excesses in Washington. How sweet a deal do public employees have in Illinois? Very sweet: http://tinyurl.com/42ajnhe
Dennis Prager on how big government impacts society’s moral character. The left like to thing they are better people, since they care for other people. Prager provide evidence of why this does not hold up. http://tinyurl.com/3wlvohp
Walter Russell Mead on how liberalism has failed those in urban America: http://tinyurl.com/5ww69ps
Noemie Emery on how the failed welfare state has led to bankruptcy and recriminations : http://tinyurl.com/3jpev76
Are you ready for 70% marginal tax rates? http://tinyurl.com/43j2bek
James Ceasar and John York on the success to date, and the unfinished business of the tea party- http://tinyurl.com/5uh9n9c
Sheldon Adelson is the Las Vegas casino operator who has been a supporter of the Republicans. Steve Wynn, is the casino opera , who has leaned in the other direction. Here Wynn tees off on how Obama has been terrible for business across the country.
http://tinyurl.com/3gucs7p

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