Lynch Math

Picked up from the Coalition of New Hampshire Tax Payers,  Republican State Legislator Chris Nevins, in a guest post, takes issue with how some New Hampshire law makers are the running the numbers on the State Budget.

Compare what we paid in General Fund taxes during the last biennial budget (2006-07) of $2.714 billion to the current budget of 2008-09 of $3.189 billion. If you again do the math (new math or the old math) you can see that the “pound of flesh” the majority party extracted from us is indeed 17.5 percent.

17.5% would make a really nice raise; too bad it’s more like a pay cut for New Hampshire Residents.   Read it all here at CNHT.org and decide for yourself.

Did I say that out loud?

Free thinking liberals, who speak too freely without thinking, often give us insight into what they really have planned for us.  That can happen when you spend most of your time pretending one thing when you are really planning something most Americans might not actually vote for.  Obama does it all the time.  But here we have video of Maxine Waters, Democrat extraordinaire, from the Peoples Republic of Leftmerica, setting some oil executives, and the record, straight.

I’m torn between loving how she stutters through this self discovery, or the look on the face of the woman behind her placing her hand over her mouth to hide either a smile, or her embarrassment for Maxine.

Shea-Porter on the Economy

Every policy has a starting point and this beginning is the “perceived” state of affairs that we are to believe is less desirable than the policies stated objective.   But if the starting point makes inaccurate assumptions or posits conclusions that are untenable, the policy is less than worthless.  Carol Shea-Porter’s policy page is littered with misconceptions, so I will try to deconstruct them over the coming days and weeks.

 

From Sheaporter.org

THE ECONOMY  Some people in America are thriving. George Bush and the Republican leaders have consistently voted for the very wealthy, the top 1%, and against the rest of us. The loss of this vital tax money (an estimated 48% of the deficit is caused by the Bush tax cuts), coupled with an incredibly expensive war, have left the middle class struggling with the burdens of taxes, high gas prices, medical costs, soaring housing prices, and reductions in services

 

My Response

If we ignore the populist pandering–which much of this is–and boil this down to the particulars, Carol basically says that the top 1% benefit from tax cuts to the detriment of the other 99%, that this is limiting the governments ability to accumulate tax revenue (which is increasing the deficit) and coupled with an “expensive war” is hurting the middle class by making things more expensive.  My Point by point on the jump.

 

Quick note on Senator Stevens

He is a pork barrel scum-bag.  He stands for nothing that real conservatives beleive in, and he and everyone like him (Democrat or Republican) should be run out of Washington and flogged by their constituents. 

Republicans-and real conservatives, lose nothing if they stand up for their principles and call him out for the lying, pork hound, sack that he is.  Just toss him under the bus and move on.

Alex I’ll take “More government!” for 2 Trillion please?

Since American taxpayers practically bought themselves an unprofitable railroad they didn’t need (disguised as a pick-me up) and the government is already busy buying up a few hundred thousand mortgages for us, to save people from suffering at the hands of their own poor judgement, we can now claim significant ownership in two of the most more poorly planned, badly run, and grossly inefficient mortgage lenders in America; once again saving the Federal government from its own folly.  (Which also makes it our folly)

 

Freddie and Fannie are, basically, belly up.   And far too many federal agencies and committees—all competing to save their own butts—have been pointing fingers while the ship sinks, making things that much worse, vying to see who can spend the most tax payer dollars on a bail out, never considering that the government should not be in the business of anything but government in the first place.  (I actually read that somewhere.)

 

Senate “We can’t axe it so let’s tax it! ™” Democrats were already proposing to salvage their favorite mortgage twins with (you guessed it) a tax on mortgages of about 400-500 dollars each.  But that hardly seems responsible when all it would do is continue to stifle real price competition in the market by propping up another competition busting, incompetent federal behemoth.   They’ll do it anyway and justify taking more of our money to prop up something that’s already taking more of our money, but at a discount! 

 

What’s likely to happen?  Well, the feds will use our hard earned cash to save their construct, extinguishing all the bright ideas to woo Franken-Fannie and Franken-Freddie back from the ledge,  with of course promises of additional oversight in the future (at additional taxpayer expense of course).  We’ll buy this for some stupid reason because everyone knows that when the babysitter has been irresponsible the best thing to do is invite her back with a big fat raise.  The Democrats will blame republicans even though they have overseen the entire collapse of the housing market and our economy for the past two years, because small children rarely take responsibility when they can blame others. (While the chorus of left wing prayer continues its endless Gregorian refrain of ‘More Gov-ern-ment.”) And the government will still get bigger, fatter, and deeper, so that next time this happens it will just take more money and more government to fix it again.

 

More proof that government funded by the people, for other people, could soon perish financially, from this earth, if this garbage is not stopped.  But hey, there is that wacky election thing coming up.  Maybe the best investment voters can make now is to vote for the people who want less government.  You know who they are “Right?”