American Political Orphan

Sunday, October 31, 2010

Remember in NOvember!

Tuesday, October 19, 2010

Quote of the Day

When bad ideas have nowhere to go, they gravitate to American universities and become courses.

  Oscar Wilde

Monday, October 18, 2010

Coolidge, Economy in Government

This is what it sounds like when a President of The United Sates has REAL integrity. Something that is lacking in most of our politicians today.

Yes, I’m including Republicans in that statement too…

Total spending for the United States Government in 1924 was 7.5 Billion Dollars. Coolidge refered to it as a “stupendous sum” that was “difficult to comprehend.” I wonder what he would have to say about 1.3 Trillion dollars?

From Forbes by Amity Shlaes, The Great Refrainer

Speaking of President Coolidge and his Secretary of the Treasury, Andrew Mellon Amity said,

But their grandest feat involved tax rates. Coolidge and Mellon tightened and pulled multiple times, eventually getting the top rate down to 25%, a level that hasn’t been seen since. Mellon argued that lower rates could actually bring in greater revenues because they removed disincentives to work. Government, he said, should operate like a railroad, charging a price for freight that “the traffic will bear.”

Coolidge’s commitment to low taxes came from his concept of property rights. He viewed heavy taxation as the legalization of expropriation. “I want taxes to be less, that the people may have more,” he once said. In fact, Coolidge disapproved of any government intervention that eroded the bond of the contract.

Mellon argued that lower rates could actually bring in greater revenues because they removed disincentives to work.

overall he and his partner at Treasury traveled smoothly. The U.S. averaged real growth closer to 4% than 3%, even during years of deflation. The Administration’s budgets were in surplus. In 1927 Time magazine reported that Coolidge paid a call at the Mellon mansion in Pittsburgh and walked “near the smoky fork of the Allegheny & Monongahela Rivers.” Together the men looked at the spot on the Allegheny where George Washington fell off a raft into freezing waters. The pair understood that their policies had helped them steer past a few potential disasters.

Today our government has moved so far from Coolidge’s tenets that it’s difficult to imagine such policies being emulated. But it is precisely this remove that is creating a new and national fascination with the Great Windsurfer.

Maybe we need another Calvin Coolidge, Again?

Sunday, October 17, 2010

Quote of the Day

Those that pound their swords into plowshares will plow for those that did not.

  Thomas Jefferson

Saturday, October 16, 2010

Quote of the Day

“The liberals are asking us to give Obama time.  We agree… and think 25 to life would be appropriate.”

  Jay Leno

Friday, October 08, 2010

“Obama’s Tax Piracy”

“in the tradition of Jim Jones, and the Jonestown school of economic policy”

From the American Spectator by Peter Ferrara, President Obama’s Tax Piracy

Among the bonehead increases that beckon to shove the economy back into recession is a nearly 20% increase in the top two income tax rates, counting the phase-out of deductions and exemptions. The top capital gains tax rate is scheduled to soar by nearly 60%, counting the application of Obamacare’s new 3.8% tax on investment income. The tax rate on dividends is scheduled to nearly triple, from 15% to 43.4%, counting the new Obamacare tax as well. The Obamacare legislation also increased the Medicare HI payroll tax rate by 62% for the nation’s employers and investors. On our current course, the death tax will rise from the grave next year with a 55% top rate.

A family of four earning $50,000 per year will pay more than $2,100 in higher taxes. A single mom earning $36,000 per year will pay over $1,100 more in taxes.
Married senior citizens earning $40,000 per year will pay more than $1,400 in higher taxes.

If you have been listening to President Obama’s rhetoric, you would be thinking how could failing to extend the Bush tax cuts result in all these tax increases on everybody, since Bush supposedly cut taxes only for the rich. That is why you should not be listening to President Obama’s misleading, manipulative, deceptive rhetoric.

Read the rest, if you dare…

Quote of the Day

There will be a rifle behind each blade of grass.

Admiral Yammamoto, 1941

Wednesday, October 06, 2010

Omen!

Yes my fellow Americans, God is still in control. This is priceless!

Sunday, October 03, 2010

Quote of the Day

There is no use whatever trying to help people who do not help themselves. You cannot push anyone up a ladder unless he be willing to climb himself.

Andrew Carnegie