The Unbroken Window

… then why do we tax them at 35% corporate income tax rates, and then force them to pay at least 7.65% in payroll taxes for the right to hire their workforces?
Here’s my favorite bit from this monstrosity:
it would add more than $130 billion to the budget deficit over the next year and a half.
OK, [...]

Read Full Post »

From today’s WSJ:
Everyone knows Democrats are planning to use the budget reconciliation process to get ObamaCare through the Senate. Less well known is that Democrats are plotting add-ons to that bill to get other liberal priorities enacted—programs that could never attract 60 votes.
…
One of these controversial measures rewrites the Higher Education Act to ban private [...]

Read Full Post »

The “USA” (whoever that is) spends more on Medicare each year than Switzerland spends on … well, it spends more than the size of Switzerland.
In fact, the $500 billion that the US spends on Medicare would make it the 21st largest country in the world, just ahead of Sweden. But I guess that is not [...]

Read Full Post »

New York is trying to be like California:
The current limit on tax refunds the first three months of the year is almost $1.75 billion. The governor is considering chopping that maximum by $500 million, down to $1.25 billionIf you’re counting on your state tax refund to catch up on some bills, think again. You could [...]

Read Full Post »

Government demands Toyota recall documents. The US government is demanding! to find out if Toyota acted fast enough on recalling its damaged cars.

Is it not mildly disturbing that the same US government is also the owner of the largest competitor to Toyota? What was that about independence?
In what model of competition would Toyota NOT have [...]

Read Full Post »

… steal from me over and over and over again, shame on you even more.
President Obama sold the $862 billion in stimulus spending as “targeted, timely and temporary.” Critics said that was highly unlikely, and now the 2011 Obama budget has proven them right.
To wit, the White House is proposing to convert spending sold as [...]

Read Full Post »

Is this what Barney Frank had in mind in 2003?

When Charles E. Haldeman Jr. became Freddie Mac’s chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It’s likely to need even more.Freddie’s federal overseers nevertheless have instructed Mr. Haldeman to focus on something that [...]

Read Full Post »

It manages to find a few pennies under the couch for this.

Yep, and these clowns can responsibly run school systems, health care systems, welfare systems, etc. I want my money back.

Read Full Post »

A new paper by Fernanda Brollo, Tommaso Nannicini, Roberto Perotti, Guido Tabellini test the theory that additional government revenues increase political corruption and decrease the quality of politicians. What do they find?
In accordance with the predictions of the theory, we find that larger transfers increase political corruption and reduce the quality of candidates for mayor.
So, [...]

Read Full Post »

I posted this last Christmas eve … not much has changed, so I thought a rerun was in order … I suppose I could add a few versus about Clunkers, Caulkers, Health Care “Reform”, the screwing of the secured creditors of the auto companies, the political management of the auto companies, the implementation of a [...]

Read Full Post »