When the Social Security Act of 1935 was first created by the
government, it was a well intended program. When you have politicians
involved, even the best intentions often have disastrous consequences.
From the beginning social security took monthly contributions-taxes- and
paid the recipients. By law any excess revenues must be placed in
special-issue, non-marketable Treasury bonds. Essentially, that is the
federal government loaning itself money. The Treasury bonds goes into
Social Security and the actual money is spent in the general budget.
It is true that by being in the form of bonds, these assets-I
use that word loosely- do gain interest, most often less than 2%. What
even the most educated fail to tell you is that this is not truly an
asset, but a debt. By turning those excess dollars into treasury bonds,
the government could take Social Security funds and spend them any place
they wish.
Sunday, July 24, 2011
Wednesday, June 29, 2011
China, The West’s Greatest Threat
We cannot walk into most department stores without seeing the shelves
filled with products made in China or Mexico. Many people want to enact
tariffs to allow American manufacturers to compete. It’s been proven in
the past that tariffs only start trade wars. There are many goods in
which Americans can only get from other countries. There are also many
goods that that we no longer make in this country, and might never be
made profitably in this country again.
We often think of cheap goods that are made in China, but it’s much more than that. Today I learned that California is putting a new 2050ft bridge over the San Francisco bay. That bridge is being made in China and shipped in sections for $500 million less than it could be made in the USA. -American workers are assembling the bridge.
Quote from NY Times:
Pan Zhongwang, a 55-year-old steel polisher, is a typical Zhenhua worker. He arrives at 7 a.m. and leaves at 11 p.m., often working seven days a week. He lives in a company dorm and earns about $12 a day.
We often think of cheap goods that are made in China, but it’s much more than that. Today I learned that California is putting a new 2050ft bridge over the San Francisco bay. That bridge is being made in China and shipped in sections for $500 million less than it could be made in the USA. -American workers are assembling the bridge.
Quote from NY Times:
Pan Zhongwang, a 55-year-old steel polisher, is a typical Zhenhua worker. He arrives at 7 a.m. and leaves at 11 p.m., often working seven days a week. He lives in a company dorm and earns about $12 a day.
Sunday, June 19, 2011
Huma Abedin Weiner
Through all the talk about Anthony Weiner we have mostly listened to
jokes about his private parts and his name. His wife was often mentioned
as a victim to his online tomfoolery. Today I want to talk about his
wife, Huma Abedin Weiner.
In 1996, while Bill Clinton was president, he and Hillary met Huma while on a trip to Saudi Arabia. It’s unclear what transpired, but she ended up in Washington DC with close ties to the Clintons. We now know she is Secretary State Hillary Clinton’s deputy Chief of Staff. This is a very sensitive position so we would think Huma was well vetted.
Huma Abedin Weiner is a devout Muslim. Her brother, Hassan, works at the Oxford Center for Islamic Studies (OCIS) at Oxford University. He has close ties with the Muslim Brotherhood. The Egyptian Al-Azhar University, is well known for a curriculum that encourages extremism and terrorism, and is active in establishing links with OCIS.
In 1996, while Bill Clinton was president, he and Hillary met Huma while on a trip to Saudi Arabia. It’s unclear what transpired, but she ended up in Washington DC with close ties to the Clintons. We now know she is Secretary State Hillary Clinton’s deputy Chief of Staff. This is a very sensitive position so we would think Huma was well vetted.
Huma Abedin Weiner is a devout Muslim. Her brother, Hassan, works at the Oxford Center for Islamic Studies (OCIS) at Oxford University. He has close ties with the Muslim Brotherhood. The Egyptian Al-Azhar University, is well known for a curriculum that encourages extremism and terrorism, and is active in establishing links with OCIS.
Friday, April 29, 2011
Obama Gas Protest
When George Bush sat in the oval office gas prices climbed to $3.00 a
gallon and the media was ready to bring criminal charges. The media
made false claims that Bush and Cheney were colluding with the oil
companies to raise prices. I will admit that they didn’t let the
speculators go unchallenged. What we did learn from the facts is that
when Bush lifted the drilling ban on our coasts, the price per barrel of
oil dropped $20 within three months.
Since the election of Barack Obama gas prices have doubled. The media has yet to blame the president for any increase. The blame has been put squarely on the shoulders of speculators and the turmoil in the Middle East. No doubt the Middle Eastern turmoil is one of the factors for higher oil and gas prices, but there is a greater cause, and that is the drilling moratorium.
Since the election of Barack Obama gas prices have doubled. The media has yet to blame the president for any increase. The blame has been put squarely on the shoulders of speculators and the turmoil in the Middle East. No doubt the Middle Eastern turmoil is one of the factors for higher oil and gas prices, but there is a greater cause, and that is the drilling moratorium.
Saturday, April 16, 2011
How I Came be Where I Am Politically
It’s always interesting to discover how people come to a point in
their lives. No one ever just wakes up one day Republican, Democrat, or
Libertarian. I had a long evolution to become where I am today. Being a
teen of the 60’s didn’t leave a lot of news choices. Back then the three
television stations often signed off at midnight. Back then I have to
admit being a Liberal Utopian.
One thing the current generation doesn’t remember is the Fairness Doctrine. At the end of the local news we would often hear counterpoints to some political statement the station had made. As a child of the 60’s I heard from peers how bad the war and other things were. I heard how “the man was down on me.” To a teen and young adult anarchy seemed a good choice. We knew the war was bad because the men in expensive suits telling the news told us this.
One thing the current generation doesn’t remember is the Fairness Doctrine. At the end of the local news we would often hear counterpoints to some political statement the station had made. As a child of the 60’s I heard from peers how bad the war and other things were. I heard how “the man was down on me.” To a teen and young adult anarchy seemed a good choice. We knew the war was bad because the men in expensive suits telling the news told us this.
Monday, March 21, 2011
Why is Obama The Reluctant Warrior?
Sometimes those of us who very closely follow politics and world
events just sit back and scratch our heads. This has been my reaction
to the attack on Libya. I sat and listen to all the talking heads,
especially conservatives that go on about how the USA is not taking the
lead in the Libyan attack. There is a simple answer for this.
We have to look back to the relationship Gaddafi had or has with Reverend Wright and Louis Farrakhan. There is evidence that on more than one occasion Gaddafi gave millions to Farrakhan. We all know that there is a close relationship between Farrakhan, Wright, and Obama.
Black Liberation Theology and the Nation of Islam are not that far apart in their ideology. We have President Obama who is an anti-colonialist. It only makes sense that the three of the men and groups are allied. Toss in Gaddafi who hates the USA and you come up with close allies. If not for the huge transfer of funds to the Nation of Islam we might not complete this tie. As recent as 1996 Gaddafi awarded Farrakhan the Al-Gaddafi award for human rights, which furthers the connection.
We have to look back to the relationship Gaddafi had or has with Reverend Wright and Louis Farrakhan. There is evidence that on more than one occasion Gaddafi gave millions to Farrakhan. We all know that there is a close relationship between Farrakhan, Wright, and Obama.
Black Liberation Theology and the Nation of Islam are not that far apart in their ideology. We have President Obama who is an anti-colonialist. It only makes sense that the three of the men and groups are allied. Toss in Gaddafi who hates the USA and you come up with close allies. If not for the huge transfer of funds to the Nation of Islam we might not complete this tie. As recent as 1996 Gaddafi awarded Farrakhan the Al-Gaddafi award for human rights, which furthers the connection.
Saturday, March 12, 2011
Wisconsin, Land of Theft and Corruption
Since the early twentieth century we have heard about union
corruption. Those that are younger than myself no longer have to read
about it in history books. They have seen that same corruption on stage
in Wisconsin.
If we were to rely on the leftist media we would know only that private citizens were fighting for the right to collective bargain. This is much more than collective bargaining, this is about bribery and public corruption. More than 95% of the Wisconsin union’s contributions go to Democratic candidates or the party itself. They elected democrats that will in turn give the union more power and benefits. This was a vicious circle that has to be broken.

If I could have had my way, public sector unions would be abolished, not just in Wisconsin, but in the federal government as well. We have union leaders mandating classroom size and the curriculum in schools. This is giving unions power that people thought they were giving to elected school-board members. I often write about how the Executive branch of the federal government is bypassing the Legislative branch, this is much the same thing. In both cases we have non-elected individuals making law or rules for public or private institutions.
If we were to rely on the leftist media we would know only that private citizens were fighting for the right to collective bargain. This is much more than collective bargaining, this is about bribery and public corruption. More than 95% of the Wisconsin union’s contributions go to Democratic candidates or the party itself. They elected democrats that will in turn give the union more power and benefits. This was a vicious circle that has to be broken.

If I could have had my way, public sector unions would be abolished, not just in Wisconsin, but in the federal government as well. We have union leaders mandating classroom size and the curriculum in schools. This is giving unions power that people thought they were giving to elected school-board members. I often write about how the Executive branch of the federal government is bypassing the Legislative branch, this is much the same thing. In both cases we have non-elected individuals making law or rules for public or private institutions.
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