Roundup

Pastor Timothy on the sins of class warfare — Yep.  There is a biblical word for that: Coveting.  It also seems ungrateful, given that the top 1% pay for 37% of Federal Income Taxes.

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From the “Socialized medicine may kill you, but at least it’s free — unless you pay taxes, and then it just kills you” category — Socialized Medicine Euthanizes 130,000 Old People per Year in UK — It is sad to see Facebook statuses from Liberals noting the joys of “free” healthcare while ignoring the bigger picture about the inevitable deadly decisions made by unelected bureaucrats.

But it gets worse: Even the examples of the “free” healthcare ignore that it is unsustainable.  It is hard to conceive of a group more ignorant of history.  This “free” healthcare is very new in historical terms and will vanish as their Greece-like economies continue to self-destruct.  They are slowly killing the goose that laid the golden egg.

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Courtesy of Haemet, note how inflation-adjusted costs of public education have tripled while scores have flattened or declined.  But if you just give them even more money, they’ll improve . . . right?!  Much of that waste has been to line the pockets of public employee unions. —–

All about Congresswoman Sheila Jackson Lee — It is hard to imagine a bigger embarrassment to everyone she represents and it is sad that someone like her is continually re-elected.  I worked in a Fortune 50 company for 17 years and saw a few egomaniacs, but I say without hyperbole that they were innocent little doves compared to her.

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Jesus is the only way to salvation.  Do not be unequally yoked with non-believers and false religions.

1 Corinthians 10:20 — “I imply that what pagans sacrifice they offer to demons and not to God. I do not want you to be participants with demons.”

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Canada’s Registry of Homophobic Acts deserves ridicule, but it is simultaneously chilling.  This is part of the endgame for the LGBTQ lobby.  Too many wimpy and/or fake churches and secular free speech advocates have ignored the signs and let this happen.

I don’t know if this is out of Monty Python or 1984:

“In what they are touting as a “world first,” a Quebec homosexual activist group has launched a “registry of homophobic acts” with support and funding from the Quebec Government’s Justice Department. …

Included in the definition of actions classified as “homophobic” and deemed worthy of reporting to the registry are: “any negative word or act toward a homosexual or homosexuality in general: physical abuse, verbal abuse, intimidation, harassment, offensive graffiti, abuse, injurious mockery, inappropriate media coverage and discrimination.””

A press release from the group says that anyone who has experienced or witnessed an act of homophobia “must” report it to the registry of homophobic acts. . . .

Funding and support for the venture comes from the Quebec Justice Ministry’s department of “The Fight Against Homophobia.” The Justice Ministry was tasked with fighting homophobia in 2008 and last year pledged $7 million to ‘anti-homophobia’ activities.”

The term homophobia refers to the politically incorrect refusal to sufficiently revere unholy acts of sexual depravity that spread lethal diseases and that have been regarded as shameful, disgusting, and loathsome throughout the world from the beginning of human history. Canadian readers who do not report that last sentence to the authorities at once are in violation of the wishes of their rulers.

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America vs. the sugar lobby — a great example of how crony capitalism is bad capitalism.  If you don’t limit the power of government then you get corporations and unions paying off politicians to send huge sums of money their way.

For years, the federal government has kept the price of sugar high by capping domestic production, imposing a de facto government price floor, and mandating that USDA buy excess sugar to sell to ethanol producers at a loss. The U.S. government also places exorbitant restrictions on sugar imports. The cumulative effect of all these special protections is an artificial increase in the price of sugar for Americans relative to other countries.

As a result, American consumers pay more for products containing sugar, and U.S. manufacturers of sugar consuming products are at a competitive disadvantage. Not surprisingly, many of these manufacturers have closed their doors or moved their factories to Canada and Mexico where sugar costs less than half the price. The Department of Commerce agrees, finding that for every one job protected by the sugar program, three others are lost in sugar using manufacturing industries.

12 thoughts on “Roundup”

  1. You seem to have bought into this idea that the problem in Europe’s economy is free-spending governments. This is what the German public are being told; that austerity in the periphery of the Eurozone will solve the problems with the Euro. Spain, the country everyone in Europe is watching right now, entered this crisis with a budget surplus. So did Ireland, another troubled economy. The problem in Europe is not government spending, but capital flows between debtor and creditor nations as a result of current account imbalances. See “That’s not rain, that’s a lie”.

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    1. Europe’s governments aren’t in trouble because they have gone for many years of spending far more than they take in?

      I don’t know what the word “austerity” means to you, but government spending is exactly the problem that Europe is facing. As Abraham Lincoln so astutely pointed out, you cannot keep out of trouble by spending more than you earn.

      The link you provided is utter nonsense. It makes the issue out to be far more complicated than it actually is. Here’s the real problem – and the solution:

      http://www.theobjectivestandard.com/blog/index.php/2012/05/europe-needs-real-liberty-not-fake-austerity/

      For one thing, eyes are on Greece right now, not Spain. Spain and Ireland are in much the same boat, but Greece is the one in the spotlight right now…and Italy and Portugal are right behind them.

      And the reason they spend too much money, is that pretty much all of them are mired in socialist economic and political systems. You simply can’t afford to finance a lavish lifestyle for so much of your population, not on such a small industrial base and with such a low birth rate. Europe simply isn’t growing its population fast enough – there aren’t enough young workers paying into the system to cover what’s being collected by the older ones. (We’re having pretty much the same problem over here, especially with Social Security, Medicare, and Medicaid. Too many people riding in the wagon, not enough of them pulling it.)

      Germany just happens to be a little bit better off than the other members of the EU because it has a stronger industrial base and a culture of thrift and hard work, unlike the nations currently having the worst of the economic problems. But as Margaret Thatcher pointed out, the problem with socialism is that you eventually run out of other people’s money. Germany won’t be able to bail out the rest of the EU forever.

      Of course, as an American, I see the problem starting over here too – eventually the well is going to run dry on us, as well, and China won’t be around to bail US out.

      Stop pretending that the real issue is some artificial obstacle holding up the cash flow. The well is running dry – it’s that simple.

      little benoit

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      1. That article, and the essay by Milton Friedman, raises what is probably the single most important dispute in macroeconomics – between those who argue for active management by government (fiscal policy approach) and those who argue for a policy rule (monetarist approach). Most modern economists believe that both fiscal and monetary policies can have an important effect on demand and that these tools can be used in tandem. I agree that governments can be, and usually are, wasteful spenders. But the policy rule approach can be devastating under certain conditions – a severe recession can be prolonged if they don’t get it right. The classical tradition says in the “long run” wages and prices will fall enough to restore full employment. Keynes recognised the downward rigidity of wages and prices, and of course said the words that his detractors love to quote: “In the long run we are all dead” (the full quote, in context, is here. It’s perhaps worth pointing out that Keynes only favoured deficit spending in a severe recession, and expected the governments to pay the money back later on. He had no time for socialists, and was himself very much a classical economist, but he realised that under certain circumstances, the classical theories broke down.
        In Europe right now we are in a severe recession, and not only are we being told to socialise bank debt and balance our budgets every year, but we have to write this into our constitutions. I’m all in favour of balanced budgets under normal circumstances; but circumstances right now are not normal.

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      2. I’m no socialist, and I’m not against austerity in general. Perhaps you assume that because I don’t tow the Cato Institute line that I must be a commie. That’s fine, you can think what you like. What I’m saying is that Germany have done very well out of the euro, far better than they would have done with their own currency. I’m sure the Cato Institute has taught you that there’s no such thing as a free lunch, and now the German’s are having to pay. The only relevant question as far as the euro is concerned right now is: “What do the Germans want?” We know they don’t want a strong euro, that wouldn’t suit them at all. But at the same time they can’t let its credibility be undermined. So they tell the German taxpayer that yes, we will get all of our money back, everyone else will be kicked into line and the periphery will balance their budgets like good little countries should. The peripheral eurozone taxpayer now has to shoulder the socialised bank debts, cut spending, avoid structural deficit as defined by Brussels (which means, btw, that a tax cut, being a policy change, would have to pass muster in Brussels) and somehow try to grow their economies out of recession. Recently, SPAIN, one of Europe’s largest economies, admitted that their banks would need to be bailed out (you may have missed that bit of news while watching Greece, but the show is moving on). I know you guys love Greece, because you can point to the riots and the socialist governments and pretend that the rest of Europe is just like that and will go the same way. Greece does have a government spending problem, that became a banking problem. Spain and Ireland had banking problems that have become government spending problems – because their governments are bailing out the banks, and Germany wants this because “credibility” must be maintained at all costs.

        What’s needed in Europe is debt forgiveness (what more Christian attribute is there?) – let the banks fail – they took the risk and they lost. The national character of the Greeks didn’t suddenly change anywhere in the last decade. The French and German banks that lent recklessly to them when times were good should learn their lesson – that’s how capitalism is supposed to work. And the eurozone cannot break up soon enough, IMHO. Then we’ll see the real austerity that the writer at your link lusts after, but at least it will be on national terms.

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      3. I’m no socialist, and I’m not against austerity in general. Perhaps you assume that because I don’t tow the Cato Institute line that I must be a commie.

        I’m not “assuming” anything. I simply responded to what you said:

        You seem to have bought into this idea that the problem in Europe’s economy is free-spending governments.

        Except…the problem in Europe’s economy is free spending governments.

        Europe’s governments still haven’t figured out that socialism is a road to ruin. (Neither has the Democratic party here in the US.) It doesn’t grow an economy, which in turn is needed to provide enough revenue just to allow government to meet its core responsibilities…to say nothing of supporting a single-payer healthcare system, generous retirement benefits, and all the other things that European nations’ citizens have grown accustomed to. Instead of simply accepting the fact that the well has gone dry, you have young people rioting in the streets, demanding to receive their piece of the pie. There IS no more pie.

        What’s especially scandalous is that even as Europe’s governments have spent decades taxing, borrowing, and spending…very little of that money seemed to be spent on defending themselves from potential Soviet aggression. That task fell to the United States…

        Not that I’m holding up America as a great example or anything. Back in the day we were a thrifty nation, a free nation, able to enjoy among the highest living standards in the world AND have enough left over to feed and protect much of the rest of the world. But the last four years have seen our national debt increase by 1/3…and we’re headed over the cliff just like Europe is. Greece alarms me because I see it as a harbinger of things to come.

        What Europe needs are massive reductions in taxes, massive rollbacks in government regulation, and massive cuts in spending, especially on entitlements and related social programs. You take those steps, and Europe’s economies will eventually grow to the point where their governments are no longer indebted to one another. It’s an arduous task, granted, since just about everyone living over there seems to have spent generations growing accustomed to the idea that governments exist to take care of them…instead of simply keeping the peace.

        That’s a lesson America needs to re-learn, too. We’ll start by putting the adults in charge again this November.

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      4. Just wondering…you said this:

        “What I’m saying is that Germany have done very well out of the euro, far better than they would have done with their
        own currency.”

        How can you back up this statement that sounds very much like Obama saying that things would have been much worse had his stimulus plan not been implemented?

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      5. The link in my first comment has a brief explanation. To summarise, if you don’t want to read the whole thing:

        Germans should know that there are no free lunches, and the greatest free lunch of all was the belief that Germany could lock in a permanently cheaper exchange rate off which to export without a price. Of course, the quid pro quo of their huge trade surplus was massive inflows of money to Germany, which has to be spent somewhere.

        Had they their own currency, it would have risen in response to these inflows and German exports would have become very expensive. This didn’t happen, so Germany got turbo-charged export conditions, a massive current account surplus and huge financial exposure to its neighbours because German banks re-lent this cash to the periphery of Europe.

        Unfortunately, no one told the Germans this bit of the story. As a result, they have misdiagnosed the ailment and they claim every problem begins and ends with free-spending governments.

        This video is also worth a look, for a general perspective of EU economics: http://www.youtube.com/watch?v=NHjLO_cw5iE

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      6. I like this explanation of the crisis:

        http://www.bbc.co.uk/news/business-16290598

        And yes, it does show some of the points made by econocat are correct. Each country adopted its own rules for labor costs and productivity while adopting a common currency across all the countries. That led to Germany being in a strong position because of its productivity despite not always following the borrowing limits.

        Here in the US, we are seeing a similar story play out in productivity differences between say California and Texas. One is growing its economy and creating jobs and the other is struggling. The difference is both operate under a common US federal government. Thus one state does not have to bail out another directly. It is not up to each state government to decide whether or not to bail out, that is done at the federal level. But in the EU, Germany does vote and decide whether or not to bail out hence the crisis has such a dependency on what Germany approves. And Germany’s decision will be based upon what might be needed to keep the Euro intact. That is not a problem in the US. States cannot voluntarily decide to not use the dollar anymore.

        The choice facing the EU is now harsh. Choose “Austerity” or more injection of money with neither choice a clear winner. But it has been made clear everywhere that injection of more money does not solve the underlying issues of cost of labor and productivity, it just treats the symptoms. Read the graphic again under “Cut Spending” where it states “Even so, lower wages will just make people’s debts even harder to repay, meaning they are likely to cut their own spending even more, or stop repaying their debts.” And that is the bottom line of a stimulus. It is to keep people paying their debts.

        Ultimately, the only path to recovery is austerity since labor costs and productivity will have to be adjusted downward. So while stating government spending might not have directly caused the crisis and that it was private spending and bad loads to the private sector that caused the problem, ultimately the government decision to continually inject more money to stimulate spending is causing the crisis to continue. EU countries will now need to assess what benefits they are willing to fund and what changes in laws they need to improve cost of labor and incent productivity gains.

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  2. http://www.canadafreepress.com/index.php/article/46900#.T-HCN4wk4UQ.gmail Henry Lamb is gone and we need to pick up the gauntlet!

    I have read several books lately that I want to recommend to all Christians and to all freedom lovers of America everywhere.The first is God Versus Socialism by Joel McDurmon-a biblical critique of the new social gospel. The second is Still The Best Hope by Dennis Prager- why the world needs American values to triumph.The third is a book and DVD set entitled The Rise of Global Governance by the late Henry Lamb. The last one is another book by Joel McDurmon entitled How to Argue with a Liberal and Win. This book is an update of the the Foundation for Economic Education, Inc. book Cliches of Socialism.
    The Rise of Global Governance is an absolute must read. When combined with the other books, we can understand what is happening to America and why we must alert all of our love ones and friends.

    We have all been victims for years. Socialized medicine, de-Christianizing of our schools, the infiltration of socialists in our churches and universities, gun control,global warming, radical environmentalism( Agenda 21, Kyoto Protocol),attempts to destroy America,sovereignty, the United Nation’s subjugation of the U S Constitution and the replacement of American values with cultural and moral relativism are just the deleterious effects of the mega foundations (Ford Foundation, Carnegie Mellon) and other International influence on American domestic policy. Most of the electorate educated in the 70s to the present have been indoctrinated by the socialist bent of our schools,universities and media.
    In a forum in Denver,Dennis Prager reminded my generation that our greatest failing has been our neglect to instill the American values in subsequent generations.
    I think he is right.there is a great ideological divide in our Country today.Can this gap be bridged? I do not know. There are over 2000 Non-Governmental Organizations (NGOs) with collaborative status with the United Nations-most are Leftist or left of center. Most of the developing countries of the World have been convinced their problems are the result of American greed. Material equality has replaced prosperity as the goal of the United Nations–that has to be one of the reasons they feel the United States is its greatest obstacle to its Utopian World. Hopefully, we can save our America and our Republic: but, it will take a herculean effort to educate an electorate that has victimized all their lives.
    Here are are a few web sites you may not be familiar with. They may give you a “string to pull” if you want to help in the exorcism:

    http://www.covenantnews.com/davidnew041014.htm

    http://www.faithfacts.org/christ-and-the-culture/the-bible-and-government

    http://americanvision.org/722/where-god-constitution-part/

    http://americanvision.org/1485/god-constitution/

    http://www.thefreemanonline.org/

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