Posts Tagged ‘Department of the Treasury’

Have you ever wondered how much we as taxpayers actually owe because of commitments politicians have made on our behalf? Turns out, the answer is not as simple as you might think. John C. Goodman has discovered how hard it is to make sense of the (often) nonsense parading as government statistics, especially concerning who owes [...]

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In my opinion, the three big ratings agencies are in cahoots with big government. But S&P took a gamble (it’s owned by McGraw-Hill) that being the first to expose the emperor without his clothes might gain them more market share—at least more notoriety—and might also put back a little polish on their sullied reputation following their “missed” calls on the great recession in 2007-2008. In any event, they “under-called” the sovereign debt issue. In my opinion, again, the US’s sovereign debt should be rated BBB—junk.

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This is a perfect example of controlling the conversation so that the real issues can be avoided. Instead of talking about how to arrange the tax code, the conversation should be about cuts in government spending. That’s the best way to reduce taxes, not just rearranging how they are paid.

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This was fun to write. The guy was just taking advantage of the free market of information that he had developed with good friends over a long period of time. The most telling criticism of insider trading restrictions is: where’s the victim? Who was defrauded? Other objections exist, too, as noted in the article. But that’s the one that blows the entire SEC position away.

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This agency has been in the works since last July, and has been festering in the mind of its creator since 2007. When it is full-blown, in full flower, we’ll discover that the government has fooled us once again. Thinking that they are out to protect us, they instead are enslaving us.

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I’m a stickler for using the right word at the right time in the right place. Nowhere can I find evidence that “tax break” and “subsidy” are synonymous. There must be something else at work here.

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The longer I worked on this article, the more persuaded I became that nothing will be done until something must be done. That’s how, in my increasingly jaded opinion, is how politicians operate. If it isn’t on fire, no reason to break out the hoses. Social Security isn’t on fire, just smoldering. “Leave it alone, we have other things to worry about right now that are more important.”

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I was very glad to have found this interview of Stanley Druckenmiller, who has enough money and moxie to tell the truth, rather than having it filtered through the Washington bureaucratic blender into pap. Sure, there’s risk in a shutdown. But the greater risk is to continue spending until no one is willing to lend any more, or the money becomes worthless, or both. Then what? Thanks, Stanley!

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This is a classic case of trying to play both ends against the middle. Boehner is the classic establishment Republican who belongs to the insiders and, in my opinion, has sold out years ago. But now he is Speaker of the House because of (and only because of) the Tea Party. So he has that constituency to serve as well. His talk to the Economic Club of New York was a classic: giving each what they wanted to hear. What a politician!

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This is a lock. GM stock is going to drop further. How can it possibly go up (except intra-day, thanks to day-traders)? Bad fundamentals, poor management, onerous union rules, government interference, rising gas prices, and the government about to sell some or all of its 500 million shares. Who would buy GM? It’s a lock to decline further, hurting taxpayers and investors once again.

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Some articles at Light from the Right first appeared at The New American.