debt

New Prager University Video: The President Who Shrank Government

Calvin Freiburger Coolidge, debt, economics, history, http://schemas.google.com/blogger/2008/kind#post, Prager, Prager University, taxes, video

New from Prager University:

In terms of reducing the size of the Federal government, which 20th century President most advanced the cause? Most people today would probably answer, “Ronald Reagan.” Well, they would be wrong. In fact, it was a little-known President…one with a very “cool” name.


Calvin Coolidge was the single most effective politician in 20th century America at shrinking government and enlarging liberty and thus prosperity. Watch our newest free 5-minute video course to find out how he did it. With his famous Coolidgism, ““It is much more important to kill bad bills than to pass good ones,” Silent Cal was courageous, refusing in most instances to give handouts and subsidies, and rightly trusting that people left to their own devices were the best guarantors of wealth creation.
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New from Prager University: Aznar on Europe, America and Israel

Calvin Freiburger America, conservatism, debt, entitlements, Europe, http://schemas.google.com/blogger/2008/kind#post, interview, Israel, Prager University, Spain, spending, values, video

The latest from Prager University:

Do you want to know how Europeans think? Why not ask one of the most prominent Europeans in the world, former Spanish Prime Minister, Jose Maria Aznar? That’s what just we did. The conversation — his thoughts on Europe, America and Israel — is both fascinating and profound. 

A Vital Healthcare Roadmap for Mitt Romney

Calvin Freiburger big government, bureaucracy, conservatism, debt, health care, http://schemas.google.com/blogger/2008/kind#post, liberalism, Massachusetts, Obama, ObamaCare, politics, romney, RomneyCare, socialism, spending, statism, strategy
Though constitutionally indefensible, Chief Justice John Roberts’ decision to save ObamaCare might prove to be a blessing in disguise. By guaranteeing that the intensely unpopular law stays relevant through November, the ruling could ultimately save the Constitution by securing Barack Obama’s electoral defeat.
That is, if Mitt Romney seizes the opportunity.
Therein lies the problem: so far, Team Romney has played it dangerously safe, campaigning on a one-note economic message that has frustrated many of his supporters into asking him, as the Weekly Standard’sBill Kristol did on July 5, “to get off autopilot and actually think about the race he’s running.”
The problem is amplified on healthcare. Throughout the primary, conservative activists excoriated Romney for the mandate-based plan he enacted in Massachusetts, decrying it as statism and fearing it would make Romney a hypocrite in attacking ObamaCare, leaving the campaign terrified of getting specific enough to invite comparisons of the two laws.
But that caution isn’t just excessive—it’s suicidal. As dissatisfied as voters are with the status quo, they know there’s more to it than the economy. And the case against the dangers of Obama’s second term is fatally incomplete without ObamaCare.
Contrary to the wisdom of overpaid GOP strategists, Mitt Romney can forcefully, comprehensively make that case—and contrary to the hysterics of the Anybody-But-Mitt crowd, he can do it without flip-flopping on RomneyCare.
First, stress that ObamaCare is full of outrages that have no parallel in RomneyCare. For instance, the Congressional Research Service says it’s impossible to count how many new agencies and boards the law creates, making their potential harm unknowable and their accountability impossible. Hammer the scandalous irresponsibility of Democrats inflicting on us something noneofthemevenread, much less understand. Note that the Congressional Budget Office now says the whole shebang is now projected to cost anywhere from $1.76 trillion to $2.6 trillion over the next decade—considerably higher than its original $900 billion price tag. Think that’ll help our $15+ trillion debt, America?
Second, sound the alarm on how ObamaCare will worsen healthcare. Trumpet the results of surveys like the one Jackson Healthcare releasedin June, which found that 70% of doctors don’t think it’ll control costs, 61% doubt it’ll improve the quality of care, and 66% expect it to take decisions out of physicians’ hands; or the one the Doctor Patient Medical Association releasedin July finding that ObamaCare has led 83% of American doctors to consider quitting. Point out that it makes completely dropping insurance the most affordable option for many employers. Explain how it makes insurance costlier to micromanage what services plans must cover.
Third, debunk the lie that Romney and Obama’s healthcare records are equivalent. For example, Romney’s proposal would only have required Massachusetts residents to purchase basic catastrophic insurance, to offset the cost of their federally-guaranteed right to emergency care, and would not have included any employer mandate—vastly different from ObamaCare’s much broader (and therefore far pricier) mandate, which imposes on employer and employee alike broader plans covering things like birth control, maternity care, and drug abuse treatment. It was Massachusetts’ 85% Democrat legislature, overriding Romney’s vetoes, which pushed RomneyCare leftward on these points (Romney also unsuccessfully vetoed the final bill’s coverage for non-citizens and a new bureaucracy it created, the Public Health Council).
Finally, point out the biggest difference of all: while Romney was merely out to insure the uninsured, Obama sees ObamaCare as one step on the longer road to a full-blown single-payer system. Demand the president explain what he meant when he said, “I don’t think we’re going to be able to eliminate employer coverage immediately. There’s going to be potentially some transition process.” Ask how that squares with “if you like your health care plan, you can keep your health care plan.”
Rather than a liability, the true story of RomneyCare contrasts sharply with ObamaCare and illustrates the formidable expertise Mitt Romney would bring to healthcare reform as president. But only Romney can tell it.

Around the Web

Calvin Freiburger culture, debt, economy, Gardasil, GOP, http://schemas.google.com/blogger/2008/kind#post, Jersey Shore, jobs, libertarianism, Malkin, pedophilia, Rick Perry, RINOs, sex crimes, stupidity, Tea Party, Texas, TV
Michelle Malkin has written the definitive takedown of Rick Perry’s disgraceful role in the Gardasil debacle. This guy’s even worse than you think.
Speaking of Perry, here’s his response to his Texan Tea Party critics: “A prophet is generally not loved in their hometown.” So we’re gonna beat an egotistical president with a guy who calls himself a prophet? Really?
On the other side, here’s a detailed analysis of what the job situation really is in Texas.
Some rich libertarians want to build their own utopian mini-nations on the high seas. Yes, really. To quote Allahpundit, “An isolated community populated by people desperate enough to work for less than minimum wage with easy access to weapons of all sorts sounds like quite a ride.” And don’t forget the drugs!
Abercrombie & Fitch offers to pay the cast of Jersey Shore to not wear their brand onscreen. If you’re too sleazy for Abercrombie & Fitch…wow.
Stogie has the debt crisis explained in just five easy steps.
A conference to get pedophilia mainstreamed? My favorite part of this story is probably the guy who complains that the studies the American Psychological Association relies upon “completely ignore the existence of” pedophiles – excuse me, “minor-attracted persons” – who “are law-abiding.” Er, if they engage in pedophilia, aren’t they by definition not law abiding?

Around the Web

Calvin Freiburger abortion, blogosphere, Boehner, debt, drug legalization, gay marriage, http://schemas.google.com/blogger/2008/kind#post, politics

“No amount of head-shaking disapproval is going to make gays and lesbians disappear from our midst as a society, from our colleagues at work, our circles of friends, or from within our own families.” Says…a Pajamas Media writer? Since when did conservative websites start publsihing HuffPo’s leftovers?

Tea Party Nation and Tea Party Patriots say we need a new Speaker of the House. Meanwhile, our current Speaker is giving House Republicans who disagree with his crappy debt plan a shining example of leadership: “Get your ass in line.”

When Cracked Magazine is showing greater objectivity on an issue than the average “serious” political publication (on either side), you know there’s a problem.

Wow: Father Frank Pavone holds an open-casket funeral for an aborted baby outside Orlando City Hall. That’s about as powerful as messages get.

Here’s a great snapshot of just some of the things pro-lifers do for unwed mothers. Think it’ll motivate Rob Taylor to inform himself a little before trashing the pro-life movement in the future? Me neither.

New on NewsReal – Barack Obama Is Too Much Like Jimmy Carter, Says…Eric Alterman?

Calvin Freiburger Carter, Daily Beast, debt, Eric Alterman, http://schemas.google.com/blogger/2008/kind#post, JFK, Left, NewsReal, Obama, politics, progressivism

My latest NewsRealBlog post:

Conservatives frequently make unfavorable comparisons between Barack Obama and Jimmy Carter, but it’s a rarer occurrence to see leftists do the same. So when a lefty zealot like Eric Alterman does precisely that in his latest Daily Beast article, it’s bound to raise eyebrows, though it shouldn’t—where The One reminds right-wingers of Carter through his international and economic ineptness, Alterman sees Obama aping some very different traits from his predecessor:

The gregarious Massachusetts pol, House Speaker Tip O’Neil, could hardly have been more eager to work with a Democratic president after eight years of Nixon and Ford. But when they first met, and O’Neil attempted to advise Carter about which members of Congress might need some special pleading, or even the assorted political favor or two with regard to certain issues, to O’Neil’s open-jawed amazement, Carter replied, “No, I’ll describe the problem in a rational way to the American people. I’m sure they’ll realize I’m right.” The red-nosed Irishman later said he “could have slugged” Carter over this lethal combination of arrogance and naivety, but it would soon become Carter’s calling card.

Alterman doesn’t know just how right he is. The Left can never entertain the possibility that they might be wrong on questions of fundamental principle. Progressive ideology holds itself to be the culmination of man’s intellectual and moral development thus far, enlightenment from which there could be no fundamentally different deviation. John F. Kennedy said the days of “grand warfare of rival ideologies” were behind us, replaced with “more basic discussion” of “technical questions.” If someone rejects the key tenets of the progressive agenda, it must be because he either doesn’t yet understand it properly, or is blinded by his personal biases or interests. Someone simply can’t be enlightened and well-informed, and still reject leftist policies.

Read the rest on NewsRealBlog.

New on NewsReal – Boston Professor Hails Obama for Declaring War on Deficits. Wait, What?

Calvin Freiburger big government, budget, charity, collectivism, conservatism, debt, demagogues, Democrats, GOP, health care, http://schemas.google.com/blogger/2008/kind#post, Left, NewsReal, Obama, Paul Ryan, spending, Tea Party

My latest NewsRealBlog post:

To love your country is to hate red ink.

Sounds like a Tea Party slogan, doesn’t it? This concise declaration of fiscal responsibility would look at home on many a conservative bumper or amid a sea of protest signs, but incredibly, it was uttered by Boston University history professor Andrew Bacevich as—I kid you not—a glowing endorsement of President Barack Obama’s April 13 speech on the federal budget. On the Daily Beast, Bacevich declares that the 44th president has “expanded the operative definition of patriotism to encompass belief in balanced budgets”:

This is surely a good thing. So too is the president’s willingness to finger the essence of the problem: a widespread desire for an endless free lunch—people coveting government benefits without a willingness to pay for them.

Obama also performed a useful service in pointing out that any serious effort at deficit reduction will have to target the Big Four: Medicare, Medicaid, Social Security, and national security.

Regarding that last category, the president promises to reassess not only military missions and capabilities, but also America’s role in the world. In our post-unipolar moment, such a reassessment is long overdue. Yet to have more than cosmetic results, Obama will have to take on some very sacred cows and some very powerful interests.

I defy you to find a more surreal reaction to Obama’s remarks. We’ve previously discussed how Diamond Barry’s proposed budgets have been so bloated they call for new taxes by the trillions to sustain them. The president might have said on Wednesday that he wants to reduce the deficit by $4 trillion over the next twelve years, but as Mark Knoller of noted right-wing mouthpiece CBS News reports:

Budget totals issued by the Office of Management and Budget (OMB) in February project 10 years of deficits totaling $7.2 trillion between 2012 and 2021. Another two years at that rate would bring the 12 year total to $8.6 trillion.

The Obama 12-year plan would cut the projected deficit total in half, but would leave another $4 trillion in deficits that would be added to the National Debt, which now stands at $14.27 trillion.

Separately, OMB expects the Debt to double over the next ten years to a mind-boggling total of $26.3-trillion in 2021. It’s estimated the Debt that year would cost U.S. taxpayers $928-billion in interest payments. Four trillion dollars in deficit reduction would reduce the Debt to just over $22-trillion, and still inflict $700-billion in interest on the federal budget.

Read the rest on NewsRealBlog.

New on NewsReal – Three Guesses Who Andrea Mitchell Thinks the Ryan Budget Will Hurt the Most

Calvin Freiburger bigotry, budget, conservatism, debt, Democrats, dishonesty, GOP, http://schemas.google.com/blogger/2008/kind#post, Left, liberalism, NewsReal, Obama, Paul Ryan, racism

My latest NewsRealBlog post:

Unfounded accusations of racism over political disputes usually anger me like few other things can, but lately I find myself reacting to them more with yawns than scowls. It’s the law of diminishing returns in action—overdo something, and it ceases to be effective.

Alas, Andrea Mitchell still hasn’t gotten the memo. NewsBusters’ Alex Fitzsimmons reports that the MSNBC host and her Democrat guest see the specter of bigotry behind Rep. Paul Ryan’s (R-WI) 2012 budget proposal:

“Representative Paul Ryan’s 2012 budget, released today, includes reforms, what they call reforms, and also big cuts in housing assistance, job training, and food stamps,” warned Mitchell. “All of which would have a very big impact on particularly poor and minority communities, some say.” Mitchell was mum as Rep. Emanuel Cleaver (D-Mo.) bandied ludicrous assertions about the 2012 Republican budget, which would slash spending by nearly $6 trillion over 10 years mostly by reforming unsustainable health care entitlement programs.

“It’s clearly a nervous breakdown on paper and it will do enormous damage, I think, to the vulnerable populations of this country,” predicted the chairman of the Congressional Black Caucus, who added that the House Budget Chairman’s proposed cuts to non-defense discretionary spending would “devastate the poor,” particularly in America’s racial minority groups.

Citing a concise Jennifer Rubin piece, Fitzsimmons points out that the Ryan plan’s welfare reductions are modest by historical standards, and that it in fact merely “pare[s] back such programs to 2008 levels.” If anything, it sounds like the Ryan plan can be best described as a welcome opening act, but not enough to escape the hole we’ve dug for ourselves. CATO’s Michael Tanner writes that it “cuts spending by $6.2 trillion over the next ten years” yet “still adds $6 trillion to the national debt.”

Read the rest on NewsRealBlog.

New on NewsReal – The Obama Presidency in Review, and a Preview of Hope and Change 2012

Calvin Freiburger Barack Obama, debt, Democrats, economy, health care, http://schemas.google.com/blogger/2008/kind#post, Left, liberalism, NewsReal, politics, spending

My latest NewsRealBlog post:

To nobody’s surprise, President Barack Obama has formally announced that he will seek reelection with a video that’s clearly geared toward motivating fans rather than attracting newcomers, as it’s decidedly light on reasons why the incumbent Democrat should be given four more years in the White House.

Fortunately, Newsweek White House correspondent Daniel Stone gets a bit more specific on the Daily Beast, laying out the case he expects Team Obama to make. Let’s take a look at his points, as well as the flip side.

Last week’s economic report showed an unemployment rate continuing to fall—incredibly slowly. It’s not good enough, but it still is progress, Obama will say. Defending the actions the administration took—especially the $987 billion Recovery Act—will fall to Joe “the stimulus sheriff” Biden, who will be fortified by a team of crack researchers preparing colorful graphs showing lines with positive slopes. Obama the president had trouble arguing the hypothetical that “we’d be worse off if I did nothing,” but Obama the candidate might have better luck. Any Republican will publicly doubt him, but would only be able to offer the same hypothetical that he or she would have done any better.

On the other hand, Obama’s going to have to explain the fact that he explicitly claimed his stimulus plan was needed because it would prevent unemployment rising to 8%, we passed it…and unemployment rose past 8% anyway. He’ll have to answer for record job losses. And while the latest economic news is encouraging, it’s tentative—labor force participation is still low, and Obama is unlikely to support one policy that could accelerate recovery further still:

The United States has stood alone while the rest of the developed world has moved forward with a pro-growth strategy of slashing corporate tax rates. The Organization of Economic Cooperation and Development (OECD) reports that its 30-nation membership cut corporate tax rates an average of 7.1 percentage points in the past decade, and the United States will have a federal corporate tax rate one-third higher than the OECD average of 25.7 percent.[2] When Japan’s corporate tax rate is lowered, the United States is one of three nations that will not have reduced the rate.

Corporate taxes are considered the most inefficient of all tax systems. They increase the cost of capital and slow economic growth. Nearly every economist believes that that tax burden falls on individuals, namely the workers and shareholders of the company. A more efficient corporate tax system would increase economic growth and boost the labor market.[3]

Read the rest on NewsRealBlog.