Category: Government

Massive Regulation Hurts Small Business

Joshua B. Lantz, True CapitalismJosh Lantz joins us today as a new writer.  He also writes for True Capitalism. – Ed.

 

A study done by the Small Business Administration (SBA) said that in 2010 the annual cost of Federal regulations was $1.75 trillion.[1] Our annual GDP is over $15 trillion, meaning the cost of these regulations amounts to about 11.5% of GDP.[2] That’s a lot of money. Think of the impact on our struggling economy if we were able to cut those costs in half.

Why do regulations have a cost?

When government creates a rule (regulation), they often have to hire more public sector workers to enforce it. This expands government and pulls more people out of the private sector where goods and services are produced.…


Tax-Exempt Municipal Bonds Must End

In his autobiography, Calvin Coolidge singled out tax-exempt bonds as a travesty; idiotic, improper, probably immoral, and something which needed to be addressed.

Firmly believing that all the income of the nation had to be treated equally (and that public debt was hostile to liberty) Coolidge decried this special treatment, stating point-blank that it provided a way for the wealthy to hide their income from taxation, made it too easy for local governments to amass debt, and benefited local politicians and the buyers of their bonds all at the expense of the taxpayers who had to cover the interest on the debt.

In Coolidge’s day, the courts had ruled that the Federal government didn’t have the power to tax municipal bonds – cities are incorporated …


The 2012 Presidential Debates: When Moderators Aren’t Moderate

Lost in the sea of coverage following Mitt Romney’s selection of Paul Ryan as his running mate, was the news that the moderators for the three Presidential debates, and one VP debate, were also selected.

There is a certain kind of news one receives that falls into the category of “this may or may not be bad—but it can’t be good”.  For Republicans, learning of the moderators that will be at the helm for these four debates certainly earns this distinction.

In order of appearance they are- Jim Lehrer (PBS News Hour), Martha Raddatz (VP Debate-ABC News), Candy Crowley (CNN), and Bob Schieffer (CBS News).

Since the Romney campaign had to sign off on each moderator, it is hard to imagine that they could not …


Uncle Sam, King Corn, and Emergency Legislation

This summer has been warmer than average.  Living in Minnesota, the Midwest is known for being tolerable of all kinds of weather, but this summer has been unique.  One of the hardest-hit commodities, corn, is playing a critical role in our food chain and even more so, our pocket book.

I am a city gal who grew up in a small farming community, and when I dial back home, many farmers are in fear and apprehension of how long last years corn yields will last, due to the brutal 2012 summer drought.  This year’s crop yield is on track to be the worst in 15 years, and corn prices have already hit record high levels.   Almost 90% of the United States’ corn crops are in …


Will Ryan Get The Palin Treatment?

As regards Romney’s pick of Paul Ryan as a running mate, I tend to agree with David’s initial reax; “Bring it on”. I look forward to the VP debates, which should be the highlight of the campaign for me. As Ace said on Twitter, the other day,

Let’s face it, no one picks Joe Biden for his brains. They pick him for his ability to casually insult different races without consequence.

Romney/Ryan

The VP debate will be a blood bath. Aside from the fact that Biden has the IQ of the average horse dropping, there’s a 27 year gap between Ryan and Biden. That’s the largest in 108 years, for VP candidates. I wonder if in the target rich environment that Obama /Biden presents, …


21st Century Monopoly

As a child, I used to play the board game of Monopoly.  I still vividly remember the excitement of a “Get out of Jail Free” card and the royal blue of Boardwalk and Park Place.  My brothers would be angered when I’d loft off to using the pink pastel colored dollars for other, imaginary scenarios in make-believe businesses. Who knew at a young age, I’d be an energetic entrepreneur, only my lessons of business and true capitalism would come from something other than playing monopoly with my brothers.

By looking at the meaning of Monopoly as an adult, I am only reminded how badly its lessons are in truly preparing us for the real world and as a Free Market.

Playing the Game:

Monopoly was …


Tom Harkin Dissembles on Higher Education

Bumped up from TCR:Iowa.  – Ed.

Our esteemed Senator Harkin has been holding some hearings on for-profit colleges back in D.C., and now he has penned an editorial for the Des Moines Register. In full disclosure, I dislike Tom Harkin. Intensely. Then again, back in 2008, Charles Grassley voted for the TARP bailout, and now I don’t like him either.

But, back to the junior Senator from Iowa; Senator Harkin penned an opinion-editorial decrying the high tuition, poor student outcome, and massive debt of the students of for-profit colleges. If somebody would be so kind as to pass this on to the right honorable gentleman, would Senator Harkin please explain why his criticisms of the for-profit colleges are not extended to all colleges? Why does …


The Hispanic Vote In November

Being the fastest growing group of Americans in our evenly ideologically divided country means that Hispanic-Americans will have a disproportionately larger impact on the November elections than their percentage of the population suggests—and it has the absolute potential to spell defeat for down ballot Republicans and Mitt Romney.

Digging into the polling and census data on Hispanic-Americans reveals two factors that have been overlooked in much of the political analysis—1) Obamacare will likely seal up the Latino vote for President Obama, and 2) they are motivated by different issues than other Americans.

While every American has the absolute right to vote for a candidate using whatever reasons they choose, the fact of the matter is that the Hispanic community has uniquely much more to gain …


Obamacare, Czars, Federal Agencies, Oh My!

Kassandra Kuehl, writer, Golden Rule of Economics, True Capitalism

Today we welcome Kassandra Kuehl to The Conservative Reader.  Kassandra Kassandra Kuehl is a writer and blogger with American Citizens for Economic Freedom.  – Ed.

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How do you feel when you think of the word “bureaucracy?” I did an experiment and wrote down all the adjectives I could think of when I thought about bureaucrats and bureaucracy. Stop for a moment and do this yourself. What were your results? All negative?

Do we need bureaucrats?

A Bureaucrat’s job is to stand between the lawmakers who create public policy, and the people. For example, if the recent Obamacare Mandate (tax) is established, bureaucrats will multiply in front of our eyes to oversee all the new policies, new taxes, new programs, …


Healthcare Fallout: Obama’s Growing List of Coalitions

The bedrock of winning elections at every major level of politics is building coalitions of supporters for whom you can count on to head to the polls and cast a vote for you.  Especially in a country as large and non-monolithic as ours, coalition building on some level is a requirement for victory and often explains why politicians are so willing to speak often, but say very little.

A close look at President Obama’s effort in this area reveals that he has elevated this process to an art form—but far from art, what he has created is an ugly picture beneficial to himself, but terrible for America.

While the Supreme Court’s ruling on Thursday to uphold the Affordable Care Act certainly carries the negatives of …


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