Tag Archives: political parties

At Least He’s Consistent

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Recall that President Barack Obama (D) touts his Stimulus Bill, with its explosion in national debt (which is still growing these 7+ years later), as good for our economy.  That it’s an economy still mired, these 7+ years later, in a pseudo-recovery that’s the slowest since WWII and that has a smaller per centage of Americans in the labor force than at any time since the Jimmie Carter (D) years is lost on, or ignored by, him.

Now he’s making the same claim about our nation’s exploding student debt, a pile of markers reaching $1.3 trillion, a pile that has doubled in total size, and a pile that has seen a doubling of per-graduated student debt, all over these same 7+ years of Obama and his administration.  This growing pile is good for our economy, he says.

Maybe not.  That growing debt represents a number of drags on our economy beyond the broader national debt.

It drives up the cost of borrowing for the rest of us by competing for the supply of loanable funds, whether from government or from banks.

That’s fairly minor.  More importantly, money spent on debt repayment is money not spent on

  • consumption or on saving for the borrower’s emergency money needs (at least one such emergency is virtually inevitable over the course of a lifetime)
  • future retirement (which results in an increased reliance on a bankrupt, or nearly so, Social Security and Medicare public retirement system)
  • big ticket items like housing and cars (certainly these are routinely borrowed for, but added debt?)

And there’s this: money not spent on student debt repayment because the student (now adult) borrower has defaulted on his debt represents two more drags on our economy: increased general borrowing costs in order to cover the lenders’ costs of absorbing those bad loans, and increased taxes (which, among other drags, is money withdrawn from the private economy) to cover government-guaranteed privately extended student loans.

All of those drags represent reduced overall private demand and so lower business prosperity and so fewer jobs.  All those drags also represent higher taxes tomorrow or increased (yet again) borrowing tomorrow—and so higher taxes the day after tomorrow.

This is the level of understanding of basic economics held by Obama and the Democratic Party.

Democratic Party Lawfare

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The Missouri state legislature has a supermajority of Republicans in the House.  And legislator, of any party, can require a bill to be read aloud on the House floor prior to the House’s final vote on it.  Last spring, Democratic Party legislators initiated a filibuster by requiring each bill being brought up for its final vote to be read aloud.  So far, so good.  The Republican Speaker one-upped the Democrats by having the bills read by computer with the speed control dialed up.  Again, so far, so good.

But, since the Democrats lost their dispute from within the House, they’ve sued in open court.  They know they have no case, but they didn’t get their way, so they’re trying to go around the House rules—rules to which both parties agreed when the rules were developed and then adopted—to impose their way.

They have no case?  They have no case because legislatures set their own rules for how they’ll conduct their legislative business; courts have no jurisdiction here.  Even the Missouri Supreme Court seems to be recognizing that.

The court said weeks ago that justices…will quiz attorneys about how the Legislature conducts its own business, and they will consider whether the judicial branch has any say in settling a dispute among lawmakers.

This is what we can look forward to in the Federal government, too, as demonstrated by the recent Democratic Party’s calculated cancelation of democracy in the Federal House of Representatives by preventing the people’s business from being done in the People’s House because they couldn’t get their way.  This was demonstrated earlier, too, as Democrats left Wisconsin and Indiana explicitly to prevent those legislatures from conducting the people’s business because the Democrats couldn’t impose their will.  It’ll only get worse under a third Democratic Party-controlled White House and Democratic Party-controlled Congress.

If we Democrats can’t get our way, there’ll be no democracy for you.

The Iran Nuclear Weapons Agreement

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…after a year.

Two days before the anniversary of the nuclear agreement between Iran and world powers, the Islamic Republic attempted to launch a new type of ballistic missile using North Korean technology, multiple intelligence officials tell Fox News.

That the launch failed is neither here nor there.  There are two far more important factors in play here, beyond the mish-mash of items in the Fox News piece.  One is the Iranian contempt for the agreement; for the Obama administration; and for Secretary of State John Kerry, who “negotiated” this agreement to allow Iran delayed access to nuclear weapons—a delay that Iran is studiously ignoring.

The other factor is that northern Korean technology that Iran is using in its new type of missile.  So much for the Obama administration’s lip service to stopping the northern Koreans from spreading nuclear weapons technology (although, in truth, this is a long-standing lip service failure; Obama is only the latest of the serial lip servers).

Leave it to Obama

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…and his fellow Progressives, including his proud acolyte, Democratic Party Presidential candidate Hillary Clinton.

The Obama administration is working on a series of agreements with foreign governments that would allow them for the first time to serve US technology companies with warrants for email searches and wiretaps—a move that is already stirring debates over privacy, security, crime and terrorism.

And

Under the proposed agreements described by Mr [Brad, Deputy Assistant Attorney General] Wiegmann, foreign investigators would be able to serve a warrant directly on a U.S. firm to see a suspect’s stored emails or intercept their messages in real time….

Because American sovereignty inside our own nation just doesn’t matter.

Elections have consequences.

Democrats’ War on Women Continues

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And now these wonderful people are actively going after babies, too.

After demanding immediate emergency funding [for developing a vaccine with which to combat the zika virus, which causes babies in infected pregnant women to be born badly disabled with malformed brains] for months, they walked out on their own bill on Thursday to use the issue as a campaign bludgeon against Republicans.

All for their personal political gain.

As of 7 July, 649 women in the US and territories have evidence of a Zika infection, according to the Centers for Disease Control and Prevention.  Those numbers are certain to rise in the summer months….

But Democrats don’t care about the women or their babies.  They’re only concerned with their partisan gains.  And Democratic Party Presidential candidate Hillary Clinton is shamefully silent on the matter.

Elections have consequences.