Tuesday, December 20, 2011
Barker's Newsbites: Tuesday, December 20, 2011
If only this applied to government...
(Remember, kids... the real Santa doesn't borrow 43-cents of ever dollar spent on ordinary operating expenses from the Chinese!)
For newcomers: The actual "newsbites" are in the comments section of each newsbite post!
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5 comments:
http://www.humanevents.com/article.php?id=48252
* I DID NOT KNOW THE FOLLOWING:
In international test scores of high school students in reading, math and science, not one Muslim nation places in the top 30.
* INTERESTING, HUH?!
A few years back, the gross domestic product of the entire Arab world was only equal to Spain's. Take away oil and gas, and its exports were equal to Finland's. Iran would have to fall back on exports of carpets, caviar and pistachio nuts. [F]rom Algeria to Iran these nations would have little to offer the world.
In the 20th century, the world saw the rise of the "Asian tigers" - South Korea, Taiwan, Singapore, Hong Kong. Where are the Muslim tigers? Not one Muslim nation is a member of the G-8 economic powers or the BRIC-four emerging powers - Brazil, Russia, India, China.
* AGAIN... INTERESTING.
* AH... BUT WHAT THEN DO MUSLIM COUNTRIES EXPORT? PEOPLE! THAT'S WHAT!
Worldwide, the Muslim population has surpassed Catholicism as the world's largest religion, with 48 members of the U.N. General Assembly now boasting a Muslim plurality or majority.
India, with 150 million Muslims, has more than both Egypt and Iraq.
Russia, with 25 million, has more Muslims than Libya and Jordan combined.
China has more than Syria.
Five percent of Europe is Muslim, and the numbers continue to rise.
Consider. The six most populous Muslim nations - Bangladesh, Egypt, Indonesia, Pakistan, Nigeria and Turkey - had a total population of 242 million in 1950. By 2050, that 242 million will have quintupled to 1.36 billion people.
Meanwhile, Europe's fertility rate has been below zero population growth since the 1970s.
* AND DON'T FORGET, RUSSIA IS A DYING COUNTY. LITERALLY! THEY'RE LOSING POPULATION... AT LEAST ETHNIC RUSSIAN POPULATION.
Old Europe is dying, and its indigenous peoples are being replaced by Third World immigrants, millions of them Muslim.
* WHAT WILL THE WORLD LOOK LIKE IN 50 YEARS... IN 100 YEARS... (*SHRUG*)
http://online.wsj.com/article/SB10001424052970204879004577106553831623714.html?mod=WSJ_Opinion_AboveLEFTTop
In January, Illinois Governor Pat Quinn and his fellow Democrats passed a $2 billion tax hike, the biggest in state history, with the income tax rising 67% and the effective corporate tax rate rising to 9.5% from 7.3%, which gave Illinois one of the highest business tax rates in the nation.
[L]ast week the Democrats who run the state government ladled out $85 million in tax relief to the Chicago Board of Trade and the Chicago Mercantile Exchange, plus tax credits for Sears Holdings Corp. worth $15 million a year for the next 10 years.
* I COVERED THIS WHEN IT HAPPENED, BUT THERE'S NO SUCH THING AS TOO MUCH SUNLIGHT ON GOVERNMENT!
Naturally, Mr. Quinn justifies the carve-outs as essential to job creation. But in January Democrats claimed that tax increases would have no economic impact[!]
(*SNICKER*)
Now small and medium-sized businesses that don't have lobbyists are stuck paying the higher tax rates. Mr. Quinn's policies benefit the 1% of politically connected businesses at the expense of the other 99%, often small shops with 10, 20 or 50 employees.
(*NOD*)
Mr. Quinn's other claim in January was that the tax hike was essential to balance the budget. Yet the Illinois Policy Institute recently calculated that over 15 years the revenue loss from all the corporate tax giveaways will exceed the revenues raised from the corporate tax increase. (Oh, and there's still a budget deficit.)
Once again the lesson is that high tax rates fail to raise the revenue that liberals claim, not least because liberal politicians follow their tax increases by passing out favors to the rich and powerful. The same will happen in Washington if President Obama gets his way to allegedly "soak the rich."
http://online.wsj.com/article/SB10001424052970204058404577108803828592794.html?mod=WSJ_hp_mostpop_read
Iraq's political crisis took an ominous turn Monday with the issue of an arrest warrant against Vice President Tariq al-Hashemi, a leading Sunni Arab figure, for his alleged role in ordering and funding the assassinations of rival Shiite bureaucrats.
(*MIGRAINE HEADACHE*)
A judicial panel, which Prime Minister Nouri al-Maliki's rivals said was under his sway, ordered the arrest of Mr. Hashemi, a day after the last convoy of U.S. soldiers left Iraq.
* AIN'T YA GLAD WE TOPPLED THAT NASTY DICTATOR SADDAM HUSSEIN... (*SMIRK*)
The arrest warrant puts Mr. Maliki on a possible collision course with the Kurds, who run their own semiautonomous region in the north and participate in the central government but have longstanding disputes with Baghdad over oil and land; and with Sunni Arabs in provinces like Anbar, Diyala, Nineveh and Salahuddin who have pressed in recent weeks for more autonomy from Baghdad with the backing of the Kurds.
(*SARCASTIC CLAP-CLAP-CLAP*)
* HIL-LA-RY! HIL-LA-RY! HIL-LA-RY! HIL-LA-RY! HIL-LA-RY!
* FOLKS... (*SIGH*)... I'LL LEAVE IT TO YOU TO READ THE REST OF THE ARTICLE.
http://paul.house.gov/index.php?option=com_content&task=view&id=1934&Itemid=69
* FROM CONGRESSMAN RON PAUL'S NEWSLETTER:
The economic establishment in this country has come to the conclusion that it is not a matter of "if" the United States must intervene in the bailout of the euro, but simply a question of "when" and "how."
* YEP.
Newspaper articles and editorials are full of assertions that the breakup of the euro would result in a worldwide depression, and that economic assistance to Europe is the only way to stave off this calamity. These assertions are yet again more scare-mongering, just as we witnessed during the depths of the 2008 financial crisis.
* YEP!
Europe functioned for centuries without a common currency.
* AND IT WOULD BE BETTER FOR AMERICA IF SHE WERE TO DO SO AGAIN!
The real cause of economic depression is loose monetary policy: the creation of money and credit out of thin air and the monetization of government debt by a central bank.
(*NOD*)
This inflationary monetary policy is the cause of every boom and bust, yet it is precisely what political and economic elites both in Europe and the United States are prescribing as a resolution for the present crisis. The drastic next step being discussed is a multi-trillion dollar bailout of Europe by the European Central Bank, aided by the IMF and the Federal Reserve.
(*BANGING MY HEAD AGAINST THE WALL*)
A bailout of European banks by the European Central Bank and the Federal Reserve will exacerbate the crisis rather than alleviate it. What is needed is for bad debts to be liquidated.
* HEAR! HEAR!
Banks that invested in sovereign debt need to take their losses rather than socializing those losses and prolonging the process of adjusting their balance sheets to reflect reality. If this was done, the correction would be painful, but quick, like tearing off a large band-aid, but this is necessary to get back on solid economic footing. Until the correction takes place there can be no recovery. Bailing out profligate European governments will only ensure that no correction will take place.
* DR. PAUL IS RIGHT ON TARGET - AS USUAL!
A multi-trillion dollar European aid package cannot be undertaken by Europe alone, and will require IMF and Federal Reserve involvement. The Federal Reserve already has pumped trillions of dollars into the U.S. economy with nothing to show for it. ... The U.S. economy is in horrible shape precisely because of too much government debt and too much money creation and the European economy is destined to flounder for the same reasons.
(*CLAP-CLAP-CLAP*)
We have an unsustainable amount of debt here at home; it is hardly fair to U.S. taxpayers to take on Europe's debt as well. That will only ensure an accelerated erosion of the dollar and a lower standard of living for all Americans.
* WHICH IS PRECISELY WHAT THE LEFT IS AFTER! THIS IS THEIR GOAL!
http://www.nationalreview.com/articles/286262/austerity-not-andrew-stiles
[F]ederal spending continues to rise.
[When] the final tab is calculated..."discretionary" spending for fiscal year 2012 comes in at about $1.054 trillion - a $4 billion increase compared with last year.
* AND THAT'S JUST THE "DISCRETIONARY" SPENDING, FOLKS! FORGET SO-CALLED "MANDATORY" SPENDING!
[T]he federal government will spend more next year than it did this year...“People keep hearing that federal spending is going down,” says a GOP Senate aide. “But spending is still going up.
* DUH!
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