Tag Archives: National Debt

Marco Rubio’s finest speech yet… at the Reagan Forum

Greatness. He is everything that America has always been. (45 minutes)

Excerpt from the transcript: (scroll down)

And so, if defining the proper role of government was one of the central issues of the Reagan era, it remains that now. The truth is that people are going around saying that, well, we’re worried about – let me just add something to this because I think this is an important forum for candor.

I know that it is popular in my party to blame the president, the current president. But the truth is the only thing this president has done is accelerate policies that were already in place and were doomed to fail. All he is doing through his policies is making the day of reckoning come faster, but it was coming nonetheless.

What we have now is not sustainable. The role of government and the role that government plays now in America cannot be sustained the way it is. Now some are worried about how it has to change, we have to change it. The good news is it is going to change. It has to change. That’s not the issue.

The issue is not whether the role that government now plays in America will change. The question is how will it change. Will it change because we make the changes necessary? Or, will it change because our creditors force us to make these changes?

And over the next few moments I hope to advocate to you –- I don’t think that I have to given the make up of the crowd –- but I hope to advocate to you that, in fact, what we have before us is a golden opportunity afforded to few Americans.

We have the opportunity –- within our lifetime –- to actually craft a proper role for government in our nation that will allow us to come closer than any Americans have ever come to our collective vision of a nation where both prosperity and compassion exist side-by-side.

To do that, we must begin by embracing certain principles that are absolutely true. Number one: the free enterprise system does not create poverty. The free enterprise system does not leave people behind.

People are poor and people are left behind because they do not have access to the free enterprise system because something in their lives or in their community has denied them access to the free enterprise system. All over the world this truism is expressing itself every single day. Every nation on the Earth that embraces market economics and the free enterprise system is pulling millions of its people out of poverty. The free enterprise system creates prosperity, not denies it.

The second truism that we must understand is that poverty does not create our social problems, our social problems create our poverty. Let me give you an example. All across this country, at this very moment, there are children who are born into and are living with five strikes against them, already, through no fault of their own.

They’re born into substandard housing in dangerous neighborhoods, to broken families, being raised by their grandmothers because they never knew their father and their mom is either working two jobs to make ends meet or just not home. These kids are going to struggle to succeed unless something dramatic happens in their life.

These truisms are important because they lead the public policies that define the proper role of government. On the prosperity side, the number one objective of our economic policy, in fact the singular objective of our economic policy from a government perspective is simple — it’s growth. It’s not distribution of wealth; it’s not picking winners and losers.

The goal of our public policy should be growth. Growth in our economy, the creation of jobs and of opportunity, of equality of opportunity through our governmental policies.

And the most gripping part of the speech:

To me, this is extremely special, and I’ll tell you why. During the ’80s, politically especially, there were two people that deeply influenced me. One clearly was Ronald Reagan, the other was my grandfather, who lived with us most of the time in our home.

We lived part of our life, especially the key years, ’80-’84, in Las Vegas, Nev. And my grandfather loved to sit on the porch of our home and smoke cigars. He was Cuban. Three cigars a day, he lived to be 84. This is not an advertisement for cigar smoking, I’m just saying to you that …

He loved to talk about politics. My grandfather was born in 1899. He was born to an agricultural family in Cuba. He was stricken with polio when he was a very young man, he couldn’t work the fields, so they sent him to school. He was the only member of his family that could read. And because he could read, he got a job at the local cigar rolling factory.

They didn’t have radio or television, so they would hire someone to sit at the front of the cigar factory and read to the workers while they worked. So, the first thing he would read every day, of course, was the daily newspaper. Then he would read some novel to entertain them.

And then, when he was done reading things he actually went out and rolled the cigars because he needed the extra money. But through all of those years of reading, he became extremely knowledgeable about history, not to mention all the classics.

He loved to talk about history. My grandfather loved being Cuban. He loved being from Cuba. He never would have left Cuba if he didn’t have to. But he knew America was special. He knew that without America, Cuba would still be a Spanish colony. He knew that without America, the Nazis and Imperial Japan would have won World War II. When he was born in 1899 there weren’t even airplanes. By the time I was born, an American had walked on the surface of the moon.

And he knew something else. He knew that he had lost his country. And that the only thing from preventing other people in the world from losing theirs to communism was this country – this nation.

It is easy for us who are born here –- like me –- and so many of you, to take for granted how special and unique this place is. But when you come from somewhere else, when what you always knew and loved, you lost, you don’t have that luxury.

My grandfather didn’t know America was exceptional because he read about it in a book. He knew about it because he lived it and saw it with his eyes. That powerful lesson is the story of Ronald Reagan’s presidency. It’s our legacy as a people. And it’s who we have a chance to be again. And I think that’s important for all of us because being an American is not just a blessing, it’s a responsibility.

As we were commanded to do long ago, “Let your light shine before men” …

[PAUSE – he is overcome by emotion]

…“that they may see your good works and glorify your Father in heaven.”

Well, as we gather here today in this place, that pays homage and tribute to the greatest American of the twentieth century, we are reminded that for him and for our nation, being a light to the world, that’s not just our common history, it remains our common destiny.

I cried at the part in bold above.

Here’s the verse he cited – Matthew 5:16 – in context: [NASB]

13 “You are the salt of the earth; but if the salt has become tasteless, how can it be made salty again? It is no longer good for anything, except to be thrown out and trampled under foot by men.

14 “You are the light of the world. A city set on a hill cannot be hidden;

15 nor does anyone light a lamp and put it under a basket, but on the lampstand, and it gives light to all who are in the house.

16 Let your light shine before men in such a way that they may see your good works, and glorify your Father who is in heaven.

I notice that he cites the NASB, which is my favorite translation – the translation closest to the original Greek.

On my Facebook page, I have Matthew 5:13, which is the verse that comforts me when things look bad in my life – when my plans haven’t worked out the way I hoped they would. Things look bad for us right now as a nation. Maybe we need to reconsider these words.

This speech is being well-received everywhere. Permit me just one reaction from the UK Telegraph, which is still punch-drunk from socialism-induced rioting caused by the anti-marriage, anti-family, anti-father policies of the secular left Labour Party.

Excerpt:

Two of the brightest rising young stars in American conservatism today are Paul Ryan and Marco Rubio. Neither are running for president in 2012, but both will be strong contenders for the vice presidential running mate slot, whoever wins the Republican nomination. And I wouldn’t be surprised to see Ryan or Rubio eventually sitting in the Oval Office itself at some stage in the future. After all, Congressman Ryan of Wisconsin is only 41, and Senator Rubio of Florida is just 40; they have decades of public life ahead of them. They are both deeply principled politicians in the Reagan mould who grew up during the late Cold War years, and share a profound belief in American exceptionalism and the need for the United States to maintain its position as the world’s leading power.

A few weeks ago, I wrote about Congressman’s Ryan’s superb speech on foreign policy to the Alexander Hamilton Society in Washington, remarks which outlined in stark terms the challenges the United States faces if it is to avoid decline. Ryan’s address, which I attended, was probably one of the most important statements by a US politician on American leadership this year.

Senator Rubio’s speech yesterday at the Reagan Presidential Library in the presence of Nancy Reagan, was another key address by a Member of Congress that deserves to be widely read, both at home and abroad. Like Ryan, Rubio offers a powerful rejection of the Big Government approach that has crippled America’s economy, and outlines a firm defence of the free market, championed by Ronald Reagan.

There is something very different and special about America. And Marco Rubio reminds us all what it is in this speech. A speech heard ’round the world! A reminder of our principles – of our role – and of our responsibility to the world.

On a side note, Marco Rubio also rescued Nancy Reagan from a fall by alertly grabbing her arm when she slipped.

Where are all the good men and why aren’t men marrying?

Captain Capitalism responded to an article on that topic, explaining why men aren’t giving women what they want.

Excerpt from his massive bullet-point list:

  • Did you hear of this “divorce fad” going around? Apparently men get to pay out the majority of the time be it alimony or child support.
  • Did you hear about this “divorce fad” going around? Apparently 65% of the time it’s women who initiate divorce.
  • Kids cost around $500,000 each to raise. given employment prospects we can’t afford that. Much rather buy a boat or frankly work all that much less.
  • Hey, you hear about this federal budget deficit and debt? Apparently we elected this guy “Barack Obama” and a bunch of democrats into office who are now mortgaging the future. This means our expenses in the future will be higher. Well, of course us “foolish, immature, pooping, farting boys” were too “immature” to vote for him like you wise women, but then again we’re too busy flinging poo at each other to ponder the future macro-economic ramifications of a collapsing dollar.
  • Hey, you hear about this social security medicare thing? Apparently enough “smart wise women” disproportionately kept voting for democrats to essentially have those immature 20 something men pay for the livelihood for these aging people. This added expense on our futures make’s it that much harder economically to commit to a wife and children.
  • Hey, you hear about this “welfare state” “medicaid” thing? Apparently enough “smart wise women” disproportionately over the years voted in enough democrats to essentially replace the role of fathers with government programs making fathers not only unnecessary, but an increasingly risky and unrewarding proposition, not to mention, making it easier for women to just up and leave their husbands, because well, “they needed to find themselves” and the government will take care of the kids while they go pursue their EPL fantasy.
  • Hey, did you hear about this “welfare state” thing? Apparently because we’ve now outsourced bringing up children to the government and have to create government jobs for all the “sociology majors” and “education majors”and “communications majors” our tax bill will go through the roof. Oh! Wait!!! No it doesn’t! I forgot! I’m a guy! I can live on very little, work a crappy job, work part time, live in a crappy apartment with my buds and STILL have enough disposable income to play video games and buy booze.

Remember that 77% of young, unmarried women voted for Obama (70% of unmarried women, but 77% of young unmarried women). And research shows that women consistently vote for bigger and bigger government, more wealth redistribution for the “poor”, and more intrusion into the family by the state. More government means higher taxes, and that makes it harder for men to have the authority in the home that comes from being the principle provider.

Not only that, but you have problems like no-fault divorce and biased domestic violence laws. Not to mention how feminism in the schools have left men earning fewer and fewer degrees, so that men lose the lion’s share of jobs during recessions. Women also lobbied Barack Obama to make sure that the stimulus was slanted towards preserving women’s jobs. I’ve merely touched on a few of the incentives against marriage. I could list even more factors, such as the easy availability of hook-up sex – why should men commit to the wife when they can get the sex for free?

What to make of all these facts? Well, men don’t like paying more in taxes and getting less liberty. It makes it harder for us to justify marriage rationally. We want to get married, but when we run the numbers, we see red, not black. Men can either afford marriage and family or government social programs, but we cannot afford both. We can either be husbands and fathers, or we can pay for welfare checks and social programs that replace men, for women who don’t want to have to deal with relating to a man.

I think the problem of men not wanting to marry is caused by women actually believing feminism – that men and women are identical. Once you believe that, there is no special role that men are supposed to play, and no way to distinguish a man who fills that role from one who doesn’t. According to feminism, which most young women believe, men aren’t meant to be providers, protectors or moral/spiritual leaders. Chastity is out. A boring, good-paying job is out. Morality is out. Sobriety is out. Apologetics and theology are out.

What’s in? Being good-looking, inoffensive, and entertaining. Women are not selecting responsible men because they think that the men can be changed to be responsible, through sex, or maybe through nagging, and eventually through the threat of losing all his money and custody of his children. Men aren’t stupid. They’ve noticed that responsibility and morality are out, and they’re acting like clowns because that’s what women prefer when getting drunk and hooking up, the Duke University student and her report on all the men she slept with – they were graded by physical attractiveness, sexual technique, popularity and athletic ability.

Many women today accept feminism, with its strong emphasis on selfishness and career advancement. Those women end up wasting their 20s on their careers and only pursue men who are attractive and entertaining. They aren’t looking to settle down with a protector/provider/moral leader/spiritual leader. They don’t want anyone to judge them or lead them. (Just try offering a woman a book on apologetics, and you’ll see what I mean). By the time they hit 35 and decide to get married, all the men are cautious. Men want to get married to women in their early 20s. What is the point of marrying a 35-year old woman who has lost her looks and her fertility? What is the value proposition for a man at that time? Plus, two decades of binge drinking, partying and hook-ups are not good preparations for creating a helpful, loving wife. Men are not stupid. We know the difference between a bitter, cynical harpy and chaste, loving princess.

Men do what women expect them to do in order to get sex. Just read the peer-reviewed studies on hooking up. If women don’t select men who can do specific things as husbands and fathers, then men won’t prepare themselves to do specific things. If they are already getting sex for playing the fool, then why should they do more than play the fool? If women obsessed over Paul Ryan and William Lane Craig, then that’s what men would aspire to. They don’t, and so men don’t. Mature men intimidate women with their strong opinions, moral judgments, and exclusive theological claims. Much better to have an immature man who is shallow and politically correct.

There is a way for women to get what they want from men, but they actually have to engage in conversations with men and find out what men want from women. And what men want from a marriage. What they want from children. What they want from government. What they want from schools. What they want from the workplace. What they want from the church. You can’t take away everything men need to marry and then expect them to marry. Nagging, belittling, withholding sex and controlling are not incentives for men to marry. Every time you break a man down, that is one less husband and father candidate. And eventually, the money flow dries up for the sperm-banks and social programs that substitute for men. What will women do then?

For myself, I am NOT on the same track as secular men (video games, alcohol, girlfriends and TV). I’m earning and saving to support Christian scholars and apologetics events in churches and universities. That’s my role right now until women destroy feminism with their own hands. Marriage is only good for me if it is good for God. And I need to be convinced that it will be good for God by whoever is applying for the job. I would like to see the reasons why I should marry in a woman’s moral decisions, her studying of difficult apologetic topics, and her political and economic conservatism. I would like to see that she understands men and marriage and understands how marriage and parenting can serve God, if done in an unselfish, moral and disciplined way. No pursuing happiness. No reducing moral obligations to “legalism”.

Making one woman feel happy with a diamond ring and an expensive wedding is not a good choice for me when I could spend a lot less money sponsoring a stack of debates over my lifetime on Christian topics, in front of hundreds of thousands of university students, or even in churches. There are ways that marriage could be a good deal for God, but I want to see the value proposition for marriage before I sign up. So far, most women seem to resent the idea that marriage should be have to be proven good for God. They resent being asked questions that test their authenticity and capabilities as Christians. But everything we do is for God, don’t I have a right to ask what is in it for him? I think a lot of Christian men are asking that question. What’s in it for God? In fact, Paul recommends the single life in 1 Cor 7 precisely because of the dampening effect that ineffective Christian women have on men. Most Christian women refuse to “woman up” and learn how to be a good wife and mother – so why should a man choose that?

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Paul Krugman’s plan to stimulate the economy with an alien invasion

Well, it’s CNN. What do you expect?

Newsbusters explains what is wrong with Paul Krugman’s plan to stimulate the economy based on an episode of the Twilight Zone.

Transcript:

PAUL KRUGMAN, NEW YORK TIMES: Think about World War II, right? That was actually negative social product spending, and yet it brought us out.

I mean, probably because you want to put these things together, if we say, “Look, we could use some inflation.” Ken and I are both saying that, which is, of course, anathema to a lot of people in Washington but is, in fact, what fhe basic logic says.

It’s very hard to get inflation in a depressed economy. But if you had a program of government spending plus an expansionary policy by the Fed, you could get that. So, if you think about using all of these things together, you could accomplish, you know, a great deal.

If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren’t any aliens, we’d be better –

ROGOFF: And we need Orson Welles, is what you’re saying.

KRUGMAN: No, there was a “Twilight Zone” episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don’t need it, we need it in order to get some fiscal stimulus.

It’s important to note that Paul Krugman’s plan is actually better than Obama’s plan, because Obama doesn’t have a plan.

The Newsbusters piece explains what’s wrong with stimulating the economy with an alien invasion, as seen on the Twilight Zone TV show.

Excerpt:

But more importantly, let’s look at the numbers involved to really get a sense of what Krugman advocated here.

The money unsuccessfully thrown at the Depression prior to World War II was staggering. From 1929 to 1939, government spending tripled from $3 billion a year to $9 billion.

And yet unemployment at the end of 1939 was still 17.2 percent.

Not a very good advertisement for Keynesian economics, is it?

Now imagine that kind of “stimulus” today. That would mean the current $3.8 trillion budget would have to rise to $11.4 trillion which would generate about $9 trillion of debt a year.

What do you think would happen to our credit rating and our dollar then? Wouldn’t be pretty, would it?

Yet that didn’t work in the ’30s – a fact that most liberals other than Krugman still contest – so the Nobel laureate is advocating that we spend like we’re being attacked by space aliens in order to get to the level of outlays during World War II.

Total federal spending in 1940 was $9.5 billion. By 1945, this had risen almost tenfold to $93 billion.

Such an increase in today’s budget would create a deficit greater than $30 trillion per year making our dollar and our Treasuries totally worthless.

[…]Consider too that the lasting stimulative quality of even the World War II spending is up for debate.

The National Bureau of Economic lists a recession that began in February 1945 that lasted until October of that year. This recession happened despite the federal government spending almost tens times as much as it had only five years prior and 30 times more than in 1929.

Once again, not a very good advertisement for Keynesian economics.

But let’s take this a step further, for NBER’s recession numbers might be too conservative. According to the Bureau of Economic Analysis, the Gross Domestic Product shrank by 1.1 percent in 1945, a staggering 10.9 percent in 1946, and 0.9 percent in 1947.

Again, this was after the largest explosion in federal spending in our nation’s history, and this is what Krugman is advocating we repeat.

So what is stimulus spending? Stimulus spending is when you take money OUT of the hands of people who create jobs, and put it into the hand of people who the government thinks deserves that money more. Let’s see who the government thinks deserves the money more than employers.

CBS News reports:

ABC News reports:

And this one features a real economist:

Obama promised that if we let him redirect $864 billion dollars from taxpayers to other people he chose, then that would make unemployment stay below 8%. So did all that “stimulus” keep unemployment below 8%?

The stimulus was worse than doing NOTHING AT ALL
The stimulus was worse than doing NOTHING AT ALL

(Click for larger image)

Let’s learn some economics and find out why that happened.

Economics in One Lesson

Perhaps it is time to review Henry Hazlitt’s book on basic economics “Economics in One Lesson”. Let’s look in chapter 4, which is entitled “Public Works Mean Taxes”.

Excerpt from that chapter:

Therefore, for every public job created by the bridge project a private job has been destroyed somewhere else. We can see the men employed on the bridge. We can watch them at work. The employment argument of the government spenders becomes vivid, and probably for most people convincing. But there are other things that we do not see, because, alas, they have never been permitted to come into existence. They are the jobs destroyed by the $10 million taken from the taxpayers. All that has happened, at best, is that there has been a diversion of jobs because of the project. More bridge builders; fewer automobile workers, television technicians, clothing workers, farmers.

And consider Chapter 5 as well, entitled “Taxes Discourage Production”.

In our modern world there is never the same percentage of income tax levied on everybody. The great burden of income taxes is imposed on a minor percentage of the nation’s income; and these income taxes have to be supplemented by taxes of other kinds. These taxes inevitably affect the actions and incentives of those from whom they are taken. When a corporation loses a hundred cents of every dollar it loses, and is permitted to keep only fifty-two cents of every dollar it gains, and when it cannot adequately offset its years of losses against its years of gains, its policies are affected. It does not expand its operations, or it expands only those attended with a minimum of risk. People who recognize this situation are deterred from starting new enterprises. Thus old employers do not give more employment, or not as much more as they might have; and others decide not to become employers at all. Improved machinery and better-equipped factories come into existence much more slowly than they otherwise would. The result in the long run is that consumers are prevented from getting better and cheaper products to the extent that they otherwise would, and that real wages are held down, compared with what they might have been.

There is a similar effect when personal incomes are taxed 50, 60 or 70 percent. People begin to ask themselves why they should work six, eight or nine months of the entire year for the government, and only six, four or three months for themselves and their families. If they lose the whole dollar when they lose, but can keep only a fraction of it when they win, they decide that it is foolish to take risks with their capital. In addition, the capital available for risk-taking itself shrinks enormously. It is being taxed away before it can be accumulated. In brief, capital to provide new private jobs is first prevented from coming into existence, and the part that does come into existence is then discouraged from starting new enterprises. The government spenders create the very problem of unemployment that they profess to solve.

And the results we see today are consistent with the predictions of basic economic theory.

George W. Bush cut taxes in his first term and created 1 million NEW JOBS. On the other hand, Obama transfered BILLIONS from the private sector to the public sector, where government waste is rampant. Government spending is a job killer. Obama might be a nice man, but he is just wrong on economics and business. What we should have done is elected someone who doesn’t repeat the mistakes made in other countries, like in Japan where massive government spending failed to stimulate the economy. We just need to look at where the ideas of Paul Krugman, Fareed Zakaria and Barack Obama have been tried – like in Spain and Greece – and see whether all of this government spending led to economic prosperity and a low unemployment rate. I know that it makes them feel good to think that they are responsible for punishing those who work, and rewarding those who don’t work. But maybe we should look at the results of their policies and decide that we just can’t afford to sacrifice the entire economy to make three people feel good about themselves. As far as I can tell, Keynesian economics has never created jobs whenever it’s been tried – although it does make the liberal elite feel superior to job creators. It works to do that.