Archive for the Taxation Category

Tariffs, Taxes, Trade, Trends (August 26, 2019)

Posted in Markets, Tariffs, Taxation, Trade on August 26, 2019 by e-commentary.org

. . .

K          “They’re back.”

J          “Just when you thought it was safe to go back in the economy.  The tariff jaws are opening back up and may devour us.”

. . .

J          “A tariff is a tax.  A tax raises revenue and raises the price of the tariffed/taxed product and shapes the behavior of the product’s consumers.”

K          “Our good friend price elasticity.  The demand for the tariffed/taxed product changes and in most situations goes down but in unpredictable ways and at a unpredictable rate in different economies and markets and regions and sectors.”

J          “The economists do not know what is going on in the economy as it is and definitely do not know what is going on when the tariff curve ball is pitched into the mess and the morass.”

. . .

K          “The goal is to encourage domestic production, but domestic production is dead.  No businessperson is willing or able or capable of responding to the possibility that there may be some ephemeral interest in a product in America based on a whim in policy this week.”

J          “Why make the effort.  Uncertainty is the greatest foe.  No one is going to open a manufacturing plant in America except perhaps one run by robots that are cheaper than foreign labor.”

. . .

J          “A tariff is a thinly disguised act of war.”

K          “This economy is so fractured and fissured and fraudulent that the next jolt could be the Big Jolt.”       

. . .

[See the e-commentary at “Terrorized By Trumpi’s Tariffs (March 5, 2018)”, “Tariffs Are Tarrible.  Oh, And Happy Bastille Day! (July 16, 2018)” and “‘Mericanize:  Monetize, Mechanize And Militarize (December 30, 2013)”.

Bumper sticker of the week:

“Powerful nations can maintain themselves only by crime, little states are virtuous only by weakness.”  Mikhail Bakunin

The Unrelenting Daily Assaults, Year Two.  Oh, And Happy New Year! (January 1, 2018)

Posted in Kleptocracy, Noble Prize in Eco-nomics, Taxation, Trumpi, Wall Street, War on January 1, 2018 by e-commentary.org

. . .

K          “We embark on another year of unrelenting daily assaults, day in and day out, week in and week out, month in and month out.  A helve and trip hammer of travesties.”

J          “Everything that is decent, civil and moral is constantly crashed, condemned and carpet bombed.”

K          “With Trumpi now coronated the king of the Kleptocracy, the Kleptocrats are kings and in complete control of the Kleptocracy.”

. . .

J          “The Nation’s Saltwater-Crocodile-In-Chief is presiding over the Swilling of the Swamp.”

K          “Donaldo Trumpi and his thugs are dismembering, disemboweling and dismantling the body politic.”

. . .

J          “I have said before, however, that a desperately fragile system is nonetheless irrationally resilient.  Not yet.”

K          “This new year may just be the year of resolution.  There is no center; it cannot hold.  If he does not blow up the world first, Trumpi’s devastating destruction and the American Empire’s already inherent decline may pave the road to a rebuilt and downsized Republic.”

J          “A bad drunk must first hit rock bottom.  The drunk is still staggering.  This country was talking about repaving its roads as part of the redevelopment and rebirth.”

. . .

K          “I resolve to revise and complete the ‘Manual For A Constitutional And Sustainable Post-Empire America’ as my project for the new year.”

J          “We need to maintain some record to guide us during the recovery and the rebuild.  A national road map to redemption.”

. .  .

[David B. Collum, the other David who provides a review of the events of the departing year, delivers his “2017 Year in Review” titled “Markets Fiddle While Rome Burns” available at Peak Prosperity.  John W. Whitehead, the recipient of the 2017 Noble Prize in Jurisprudence, offers a trenchant analysis of our circumstances in “Apocalypse Now:  2017 Was Another Terrible, Horrible, No Good, Very Bad Year” available at The Rutherford Institute.]

[See the e-commentary titled “The Drums of War (February 20, 2012)” presented at the outset of 2012, “‘Mericanize:  Monetize, Mechanize And Militarize (December 30, 2013)” presented at the outset of 2014, “Twenty Sixteen (January 4, 2016)” presented at the outset of 2016 and “Venturing A Few Unfounded And Unwarranted Predictions (July 13, 2015)” presented during the mid-year of 2015.] 

Bumper stickers of the week:

Have an exquisite new year

Repeal and Replace Trumpi

The Tax Deform Bill:  Making The Rich Richer And The Powerful Powerfuler

Tax Deform:  What happened to the post card tax return?

The Year of the Unreal to the Year of the Surreal

2018 – The Year of the Lizard, Act 2

 

Living In The “Peoplocene Age”.  The Inconvenient Truth:  Renewable Energy Is Not Sustainable; The Population Must Be Restrainable.  (December 12, 2016)

Posted in Book Reference, Carbon Surcharge & Dividend, Climate, Collapse, Consumerism, Environment, Gas/Fossil Fuel, Global Climate Change, Global Warming, Overpopulation, Peoplocene Age, Population, Society, Taxation, Technology, Water on December 12, 2016 by e-commentary.org

. . .

K          “It’s too late?”

J          “It is too late.”

. . .

J          “But we pretend and extend.”

K          “Get up, put on your socks, and soldier on.”

. . .

J          “We are producing far more babies than solar panels.  That scenario is not changing under any scenario.  There is very little hope, there is only collective delusion within the collective.”

K          “Ironic that so many will not acknowledge our global plight and others who will acknowledge our situation do not even acknowledge the underlying and overriding problem.  The ‘Peoplocene Age’ is upon us and we do not know it.”

J          “The ‘Peoplobscene Age’?  Too many people, too little planet.”

. . .

K          “The plebiscite on global climate destruction takes place in the specialized voting booths known as the maternity wards of the world one new voter at a time.  The votes are tallied every day, the voting booth never closes and the decision is unanimous and uncontested.  Everyone endorses global climate devastation one baby at a time.”

J          “We need to reduce the load.  Period.  The only viable solution is to produce fewer people not to delude ourselves into thinking we can produce more panels and power.”

. . .

K          “The inconvenient truth is that renewable energy is not the answer, now or in the long run.  If one honestly calculates all the costs including every opportunity cost, the total cost of renewable energy does not and never will pencil out.”

J          “My concern is that we are not allowed to provide that answer, so we are not allowed even to ask the question.”

. . .

K          “We are in the flood right now.  I don’t recall anyone in the movie even once mentioning overpopulation.  Go through the flick and replace the phrase ‘reduce fossil fuels’ with ‘reduce world population.’  The only sustainable energy policy is a people policy.”

. . .

J          “There are more neurosurgeons than skilled solar panel installers.  Americans contend in response that they can simply wave a wand and the problem is solved.  If the government – or the private sector with generous tax breaks, credits and deductions  – commits to training more solar panel installers, voila, we will have more solar panel installers.  But at what real cost?”   

. . .

J          “Those people who are here must reduce their load.  Period.  Everyone wants to live like they do in Bethesda-Chevy Chase; no one can sustainably live like they do in Bethesda-Chevy Chase.  The Republicans delude the populace that they can live the Bethesda-Chevy Chase lifestyle simply by demanding to live the Bethesda-Chevy Chase lifestyle.”

. . .

K          “The planet will support 500,000,000 souls comfortably and 5,000,000,000 souls uncomfortably.  We are grossly over gross.  Overpopulation is at the headwaters of all of our problems.”

J          “And first and foremost among the downstream problems is our growing inability to provide clean, available and affordable water.”

K          “We need to reverse the two trends.  We need to quit depositing more humans on the planet and quit removing other species off the planet.”

. . .

J          “Yet, by definition, it cannot be the biggest problem confronting humanity unless you use the word ‘terrorist’ to describe it.”

K          “Okay.  Fair enough.  We have overpopulated the planet with almost 7.5 billion precious little miracle . . . terrorists.  And the numbers are growing.  There you go.”

J          “That should work.”

K          “Almost 7.5 billion precious little miracle terrorists are pummeling Mother Nature with poison.  Then we sprinkle nuclear reactors around the planet that are finicky nuclear bombs waiting to be detonated by default.  Pull the plug on electricity, pull the pin on the reactors.  The nuclear reactors are weapons of mass destruction that will go off when they cannot get the electricity to stay on.”

J          “The mutant shall inherent the earth.  We allow one country to pour radiation into the Pacific Ocean day in and day out for over five years and create the world’s largest Superfund Site.  The grazing ground for sea critters is toxic.”

K          “The Pacific Ocean Superfund site and other ocean Superfund Sites also have massive gyres of poisonous plastic and detritus spinning around.”

J          “The ultimate inconvenient truth is that the entire Earth is now a Superfund Site.”

. . .

K          “What if the government only provided a tax deduction of ‘x’ for the first child and ‘1/2 x’ for the second child?  Or no deduction?”

J          “The hard simple truth is that little can be done to slow population growth.  The load has overloaded us.”

K          “A carbon fee and dividend program?” 

. . .

J          “With so many available bodies, there are so many opportunities for corporations to exploit the vast pool of desperate workers.”

. . .

K          “We have met the enemy and it is a little miracle terrorist.  It is us.”

J          “Mother Nature is the only adult on the planet.  She is growing impatient.  Soon she will intercede.”

. . .

[See Daniel Quinn from “What a Way to Go:  Life at the End of Empire” and his “Advice for Young People” at minute 48.  Try to find some joy in this life without deluding yourself.]

[See the e-commentary at “On Overpopulation (June 14, 2010)”, “Kids As Consumer Durables (August 6, 2007)”, “Global Environmental Something (February 16, 2009)”, “A Gentle Landing On Earth (August 1, 2016)”, “‘It’s Only A Rental.’ The Earth As A Cosmic Doormat.  De-Immanentizing The Eschation. (September 28, 2015), “Global Climate Craziness (GCC) and Taxation (March 23, 2015)”, “On Roiling And Rolling Collapse (March 9, 2015)” and “Over Over-Population:  10 Billion Little Miracles (And Counting) (And Costing) (January 26, 2015)”.]

Bumper stickers of the week:

“We have met the enemy and it is a little miracle terrorist.  It is us.”  Nogo

We need to reduce the load.  Period. 

Be fruitful and don’t multiply; multiple fruit fruitfully

Slow climate destruction; practice birth control

Too many live people; too few dead dinosaurs.  To say nothing of the too chilling consequences of burning the few available dead dinosaurs (or whatever spawns gas and oil).

Price carbon

Stay calm and price carbon

Panic and price carbon

Better never than late?

Preserve the Nest; at all costs.

The mutant shall inherent the earth. 

Too many people, too little planet

“Can you think of any problem in any area of human endeavor on any scale, from microscopic to global, whose long-term solution is in any demonstrable way aided, assisted, or advanced by further increases in population, locally, nationally or globally?”  Albert Allen Bartlett, Great Challenge

Preserve Cash; Preserve (Some) Privacy (May 4, 2015)

Posted in Airlines, Banks and Banking System, Gold, Privacy, Taxation on May 4, 2015 by e-commentary.org

. . .

L          “Over the decades, the private sector has addicted us to plastic with little reflection or resistance by us.  One irresistible inducement of the credit card is the prospect for person to accumulate miles on an airline mileage program.”

M          “The public has embraced plastic.  You have embraced plastic.  I have embraced plastic.  I read that the government considered requiring airlines to issue an IRS Form ‘1099-FF’ (Frequent Flier) statement declaring the market value of the airline ticket provided to a taxpayer.  The public regards the free or discounted tickets as an entitlement and off limits from the tax man.  The proposal was shelved.  For a time.”

L          “Those without a credit card likely have an EBT card.  The transition to 100 percent dependence on plastic was effortless and seamless.  We tossed the ultimate plastic explosive in our back pocket.”

M          “Plastic and electrons in the service of the government and the corporations.”

. . .

L           “There is a campaign to eliminate cash from society.  JP Morgan Chase restricted the use of cash for selected markets and restricted clients from using cash for credit card payments, mortgages, equity lines and auto loans.  Customers also will not be able to store cash or bullion in their safe deposit boxes.”

M          “The most safe safety deposit box may be under your bed or in your safe.  I read that the authorities were able to confiscate gold from one’s bank safety deposit box after Roosevelt banned the use of gold as a currency in 1933.”

L          “The real goal is to eliminate the ability of individuals to transact business without the knowledge of those in power.”

. . .

M          “Can you imagine the joy of transacting business with a Saint Gaudens Double Eagle gold coin.  An artwork crafted by the government and available to the public for decades for daily use.”

L          “Sure would be nice to undertake a few transactions that are not monitored by the government and companies even if we only use fiat currency.  With cash, we can also store some money in the Sealy Posturepedic Credit Union.  I like that freedom and privacy.”

M          “Without cash, the banks end run the possibility of a bank run.”

. . .

M          “The airlines no longer trust underpaid flight attendants to take cash for the food that was once free.  A few more bytes logging what you bite at 35,000 feet are now available.”

. . .

L          “In five to ten years, the IRS or its successor will send a statement via e-mail or its successor to each taxpayer proclaiming the amount that a person earned and spent during the year and dictating the taxes electronically debited from one’s account.”

M          “And the IRS will tax the market value of all frequent flyer airline tickets provided to a taxpayer.”

. . .

[See the e-commentary at Monitoring The Masses: The Card And The Chip (January 12, 2015).]

Bumper stickers of the week:

He who has the gold makes the rules; he who makes the rules has the gold

Who would have thought that we would one day cherish worthless fiat currency?

Keep currency in circulation

Transact in dollars; protect your privacy

Global Climate Craziness (GCC) And Taxation (March 23, 2015)

Posted in Carbon Surcharge & Dividend, Gas/Fossil Fuel, Global Climate Change, Global Warming, Greece, Market Solutions, Population, Taxation on March 23, 2015 by e-commentary.org

. . .

A          “Global climate change is the most accurate and neutral description of the mess.  The globe is warming in some places and cooling in other places.  And the boundaries are neither certain nor stable.  And the contours are changing and shifting like a lava lamp.”

B          “Global climate craziness, I say.  The changes also involve geopolitical considerations.  In the warmer climates, tax participation is more relaxed.  In Italy, speed limits and tax obligations are purely advisory.  In Greece, tax obligations hardly rise to a nuisance or an inconvenience.  Why bother.  By contrast, in Sweden, Norway, Finland and other cooler climates, tax rates are much higher and tax participation is much greater.  Global climate craziness may have a greater impact on the fiscal health of a nation than the pundits have acknowledged.”

A          “And the Fins finish first in math.”

. . .

B          “The ‘Sunburnt Country’ adopted a celebrated ‘carbon cap and trade program’ for two years before the reactionaries and wankers rejected it.  In the next go round, Australia should take the lead, adopt a ‘carbon fee and dividend program’ and skewer the notion that hot countries are against rational taxes.  It is getting crazy out there.”

A          “Seems that their situation could be described by the outmoded term – global warming.”

. . .

Bumper sticker of the week:

“I worry about the world I am leaving to my five children and my twelve grandchildren.”  “Imagine the world you should be leaving to your two children and your four grandchildren.”

“No one deserves it.” (February 10, 2014)

Posted in Estate Tax, Personal Stories Series, Personal Story, Pogo Plight, Taxation on February 10, 2014 by e-commentary.org

. . .

C          “No one gave me anything.  I worked for everything.  I had three jobs and did not even get the minimum wage for one of them.  They expect everything.  They have already spent it many times over.  I am not even dead yet.  I feel that way.  They act that way.”

L          “I understand.  You are among a small group who really did it the old-fashioned way by taking risk and working hard.  And it is yours.  In your eyes and in the eyes of the law.  It is also your decision.”

C          “I didn’t build my business out of a garage.  I didn’t have a garage.  We hardly kept a car on the road.  We built it from our dinette table.  They’ll sell that Formica® table for a few dollars at a yard sale.  If they even have the gumption to have a yard sale.  What if I don’t give it to ‘em?”

L          “It is yours to give or not to give to them or to someone else.”

C          “That would be givin’ it to ‘em.  Know what I mean.”

. . .

L          “Probate and estate issues like this are among the most frequent legal matters and concerns for older folks.  Trillions of dollars are transferring to the next generation.”

C          “I heard someone call it ‘entitlement’.  I don’t know who’s entitled to my money, but I know it’s not those kids.”

. . .

L          “Probate is not evil.  However, probating a will is expensive, protracted and public.  By putting your assets in a trust, you create a legal entity that survives you and eases transfer.  The process is cheaper, shorter and private.  Many trusts are designed not just to ease the transfer but to elude creditors and avoid taxes.  Many of the trusts designed to avoid taxes are legal theft, but that is where America is in the arc of this country.  This basic trust is simply a mechanism to make the transfer simpler with some tax portability and a layer of creditor protection.”

C          “That all sounds good, I think.  So you think it’s a good idea.”

. . .

L          “You could set up a foundation.  The goal is usually virtuous, yet the smaller personal foundations usually do little more than feed an ego and pay administrative expenses.  The folks on the payroll are pleased to have the job and the paycheck.  I was impressed that Warren Buffett did not establish his own foundation and instead gave most of his assets to the Gates Foundation.  That approach saves on administrative costs and focuses efforts.”

C          “What group should I give it to?”

L          “Which group do you want to give it to?”

C          “I don’t know.  That’s what I pay you for.”

L          “I am here to determine what you want to do.”

. . .

C          “What if I give it to you.  You said it’s mine to give to anyone I want to.”

L          “With a very important proviso.  You cannot give your money to your attorney who is obligated to represent your interests.”

C          “Then I’m not absolutely free to give to anyone I want to.”

L          “For these purposes, I am you.  You cannot give it to yourself.  And I cannot take it under rules that are in your best interest.  For what it is worth, there was a time or two when you were reluctant to pay attorney’s fees that were earned twofold.”

C          “I figure that if you are not able to make sure that you get paid then you are not able to make sure that I get paid.  I’ll throw nickels around like manhole covers until the day I die.  You know me.”

. . .

C          “Those kids didn’t have to work very hard to be entitled to my hard-earned money.  But they don’t want to work.”

. . .

[See the “e-ssays” under https://e-commentary.org/category/estate-tax/.]

Bumper stickers of the week:

Easy come, easy go; Hard come, easy go; Hard come, hard go.

Energy “Manhattan Project”: The “Carbon Tax And Dividend” (March 25, 2013)

Posted in Awards / Incentives, Economics, Economics Nobel, Gay Politics, Global Climate Change, Global Warming, Supreme Court, Taxation on March 25, 2013 by e-commentary.org

. . .

C1         “The ‘Manhattan Project’ wisely collected all the talent in one location under one command to develop the atomic bomb.  The project required the right mathematical formulas and the right raw materials to be assembled by one team under one governmental authority.  Some say the solution to our energy challenges is to create a Manhattan Project under one authority with one energy czar.  However, the solution is not to establish a government agency but rather to enlist and unfetter the market mechanism.  Rather than subsidizing a company that is politically connected or sports a flashy marketing campaign, let the market decide.  Let not one but one million citizens work on it.  The proposed ‘carbon tax’ provides a tax on carbon and thus rewards those who can reduce or avoid the production of carbon and taxes those who cannot.  The funds collected by the tax are returned as a dividend to the public to maintain revenue neutrality.”

C2         “The ‘old cap and trade scheme’ created undesirable property rights that would be unworkable and undesirable.  A carbon tax and dividend sounds workable and desirable.”

C1          “Friedrich van Hayek would have endorsed the carbon tax and dividend mechanism.  He surely is rolling over in his grave because we as a society have not adopted it.”

C2         “I know that I for one want Fred to rest in peace.”

. . .

[See the website http://www.citizensclimatelobby.org/.]

Bumper stickers of the week:

A planet is a terrible thing to waste

Sign outside the Supreme Court:  “Supremes:  You can hurry love.”

Sports Writers: 1 – 0 (January 14, 2013)

Posted in Awards / Incentives, Courts, Economics Nobel, Federal Reserve, Guns, Journalism, Law, Newspapers, Perjury, Perjury/Dishonesty, Sports, Taxation on January 14, 2013 by e-commentary.org

. . .

A          “A mixed group of informed individuals acting individually issued a profound collective indictment.”

1          “In court, the government only determines whether a person is guilty or not guilty, a court does not determine whether a person is innocent.  Yet when you look carefully, far too many courts have found far too many innocent individuals to be guilty.”

A          “Still not a great idea to be Black or Brown and get mixed up in the American judicial system.”

1          “It is to be eschewed.  The government is not and should not be allowed to deprive someone of his or her liberty without proof beyond a reasonable doubt.  The court of public opinion does not need to meet that high threshold when considering those who play on the court or field or pitch.”

A          “The sports writers are akin to an informed group of jurors from all ages, albeit a little older, and backgrounds, albeit a shade White, and world views from different parts of the country.”

1          “On the uniforms, they sport the initials MLB not MDL – the Major Dopers League.”

A          “They can get their own hall of fame, the Hall of Shame.”

1          “I might waive the character requirement and support a scoundrel if he played clean against others who played clean.”

A          “They may also be atoning for the great oversight in the late 1990s when any honest person realized that the guys were juiced and few said anything.  Finding the individual who was not juiced or was not juiced much will be a challenge.  The brush could be too broadly brushed.”           

1          “This is a promising start.  Now if we can get the Norwegian suits to follow suit and not award the Nobel in e-con-omics unless they award it to someone who understands eco-nomics.”

A          “Everyone from Roberts on the Supreme Court to players on the courts succeeds by lyin’ and cheatin’.”

1          “He’s a lawyer-type.  He said that he would call balls and strikes, but keep this in mind.  He never ever said that he would call a ‘ball’ a ‘ball’ only that he would call balls and strikes.”

A          “He and Alito and Thomas and Scalia are having a ball.”

1          “Dishonesty and hypocrisy are so American.”

A          “So human really.  We don’t have a monopoly on it.”

. . .

[See http://www.nytimes.com/2013/01/17/opinion/australia-banned-assault-weapons-america-can-too.html?hp for some international perspective on gun restrictions.]

[See the “e-ssay” titled “Why Johnny And Roger? (April 30, 2012)” and the recent article on the deliberations of the Federal Reserve at http://www.nytimes.com/2013/01/03/opinion/the-new-tell-all-fed.html?hp&_r=1& and the “e-ssay” at The Kids (At The Fed) Are Not Alright (January 30, 2012).]

Bumper sticker of the week:

Play ball!

Tax Bullets (January 7, 2013)

Posted in Guns, Pogo Plight, Taxation on January 7, 2013 by e-commentary.org

. . .

GO1     “I have visited a gun store every few days.  They are flying off the shelves.  And not guns for personal protection, target shooting or hunting.”

GO2     “The NRA is a terrorist organization that lobbies for gun manufacturers and terrorizes legislators.  We need a new organization, the NGO, the National Gun Owners organization, to represent gun owners not gun manufacturers and to keep guns in the hands of normal persons and out of the hands of psychos.”

GO1     “With a one hundred year supply of guns and a five year supply of bullets, restrict access to bullets.  We subsidize what we like and tax what we don’t like.  Others have noted that we should tax bullets.”

GO2     “The Constitution does not recognize any underlying right to keep and bear bullets or limit the governments’ ability to restrict access to bullets.  And Congress has almost unfettered authority to tax.”

GO1     “The government should place a huge tax on .223s that are used in assault rifles, a moderate tax on other calibers, and no tax on .22s.  I have shot over 20,000 rounds of .22s and about 500 rounds of other than .22 caliber rounds.  Almost all indoor and outdoor target rifles and pistols use .22s.  Most automatic pistols can be modified to shoot .22s so that a person can practice with the pistol using a cheaper round.”

GO2     “Sounds reasonable.”

GO1     “Won’t go anywhere, but it is worth a shot.”

. . .

GO2     “The gun buyback programs should set up a review process so that any gun that is rare, novel or historical is made available for purchase by individuals who pass background checks.”

GO1     “Finding volunteers who know the history of guns would be easy.”

. . .

[GO1 = Gun Owner 1; GO2 = . . . ]

[See the “e-ssays” titled A Taxing Explanation (August 22, 2011) for some perspective on the current tax challenges, O’Bama Arming Industry (November 22, 2010) on gun purchases and One Gun Per White Adult Male? A Flintlock Musket? The “One Man, One Gun” Decision (October 4, 2010) on the legal framework of gun regulation.]

Bumper stickers of the week:

If you need ten rounds to kill a deer, take up tiddlywinks

You know, cigarettes are getting so expensive that I just might have to give them up.

Over The Cliff Or At The Foot? (December 31, 2012)

Posted in Civil Rights/Civil Liberties, Congress, Consumerism, FISA, National Defense Authorization Act / FY 2012, Pogo Plight, Spending, Taxation on December 31, 2012 by e-commentary.org

. . .

E1          “Everyone describes our current federal budgetary mess as a ‘cliff,’ yet we as a society are at the foot of a great summit.”

E2          “Everything is a matter of perspective.  The mix of taxes and spending cuts proposed as part of the ‘sequestration’ are painful and may even lead to a slow-down in the economy in the short term, yet they are a critical first start.  The cuts looked desirable when the Republicans and Democrats agreed to them in 2011.”

E1          “We will not make the right decision unless we realize that we must step up rather than step off.  The ‘can’ they refer to looks more like a 55 gallon steel drum that is not likely to respond to further kicking.  We need to take the first step rather than continue our kicking and screaming.”

E2          “And then Congress must address the budget ceiling in the next two months.  Congress has already spent the money and is allowed, after the fact, to ratify or reject what they already spent.  Some wingnuts are saying they should not raise the debt ceiling.  What Congress needs to do is focus on future spending so that they do not need to ratify their excessive spending in the future.”

E1          “After receiving a bill for goods already provided and services already performed, no citizen gets to decide whether to ‘pay the freight’ or not.”

. . .

[See the “e-ssays” titled A Taxing Explanation (August 22, 2011) and On Uncertainty, Certainment (July 30, 2012).]

[Congress continues to transgression on our civil liberties with another Christmas gift.  http://www.npr.org/blogs/thetwo-way/2012/12/28/168220266/congress-extends-fisa-wiretapping-act-to-2017-awaits-obamas-signatureLast year, Congress gave us the NDAA of 2012.]

Bumper stickers of the week:

Can I pay my MasterCard bill with my Visa?

Can I not pay my MasterCard and my Visa bill?