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Tuesday, May 3, 2016

Deja vu all over again

Tuesday, August 9, 2011

It was a year of drought and depression and the President said "Let us dip into the government till and pay people to make work. Farmers are hurting so let's buy their produce and destroy it and they will be happy." The New Deal worked wonderfully well and the farmers and WPA workers were happy to vote Democrat.

Then the President said "Old people are dying of neglect so let us collect money from everybody and pay it back only to those who live beyond the normal age when a majority of people die. We'll put the money in a 'lockbox' and it will be there when our old people need it." He did that and it was good. The people were pleased and voted to keep President Roosevelt and the Democrats in power.

Never in the projections of cost of those social programs was there any analysis of cost vs. benefit calculated. It was simple; if we need more money simply raise taxes a little and everybody will still be happy.

President Truman understood the program and when commodity prices dipped they initiated a farm program and created a loan program to guarantee that minimum prices were maintained. They might have miscalculated a bit, though, and huge surpluses of certain commodities began to accumulate. The solution was simple -- just sell the governments' surplus on the world market and make up the difference by taxing everybody just a little more.

Meanwhile our progressive elected officials learned from our leaders and slipped items that would be good for their voters back home who could vote to have the incumbents re-elected. Run a cost benefit analysis to determine that it was good for the whole country? -- never happened. That program earned a pejorative label called "pork" so the action became known as "earmarks" which had less objectionable connotation.

Then people began to complain that taxes were becoming a burden so the Democrats raided the Social Security lockbox. Well, rather than just steal the cash from the lockbox, they simply wrote an IOU redeemable sometime in the future by transferring money from the treasury when the IOU's came due.

Then the bad old conservatives in Congress began to complain that taxes again were becoming a burden. The solution was simple, just borrow from the future by selling treasury notes to any foreign investor who would buy them and everybody was happy. What could go wrong?

Meanwhile a wave of awareness was sweeping the land and those people began to believe that mankind was going to destroy our environment. Those people are true believers and vote Democrat, so massive regulation was decreed by the administration. Never mind that excessive, ill thought out, governmental regulations stifle production of goods and services -- we are saving the earth. Cost verses benefit? -- never mind.

Then, too it was noticed that pouring money into the liberal education community was a good thing because those people mostly vote Democrat. Re-elect the incumbents who showered down the free money and that was good. Ah, let's create a system of grants to get more students into college, free money, and they vote Democrat, good plan. Never mind that the cost of a college education spirals ever upward as bureaucracy expands exponentially because they, too, vote Democrat.

Then the pundits began to notice that the national debt kept going up up up and that eventually our children and grandchildren would have to pay it back. In effect, we were living high now and were selling our children and grandchildren into the slavery of a crushing tax burden.

What to do? Cutting spending was unthinkable, so the only solution was to raise taxes. Enter a bunch of concerned patriots calling themselves "The Tea Party" who had elected enough conservatives to Congress to block any raising of taxes. Great consternation. The President, who has never been a fan of capitalism and the greatness of the United States, threatened to default on our loan obligations if the debt ceiling wasn't raised so that we could pay all our bills and so it happened. Now our credit rating gets downgraded. What kind of a deal is that?

The template is available to study as it has all happened before. Turn to Genesis 47 read and ponder.

A man named Joseph, a Hebrew, son of Jacob, had risen to be Secretary of the Treasury, right hand man of Pharaoh in Egypt. It was a time of famine and crops continued to fail. So Joseph collected all the money in exchange for food to feed the starving people and brought the money to Pharaoh's treasure-house.

The next year people were still hungry so Joseph told them to give their livestock to Joseph in exchange for food. Soon all the horses, flocks, herds and donkeys were in Pharaoh's possession.

Then the people said take all our land and we will be servants to Pharaoh. Then Joseph struck a deal and provided seed for planting in exchange for Pharaoh receiving one-fifth of the harvest and the people kept four-fifths to eat and seed to plant for next year's harvest. Problem solved.

Eventually the yoke of slavery became unbearable and the people gathered what they had and departed Egypt. They then made a new life in a new land, the land promised them by their ancestor Abraham.

I am a man of hope. I pray that we the people won't have to leave, as we already are living in the Promised Land.

Hopefully we can just replace the Pharaoh with a new one who understands capitalistic economics, has faith in our Constitution and the greatness of this country founded on Judeo-Christian principals.

That is the way I saw it.

Dick Trail

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Can't wait for Dick Trail to gather what he has and depart.

-- Posted by Adventureeves on Tue, Aug 9, 2011, at 3:34 PM

cant stand a differing viewpoint?

-- Posted by doodle bug on Tue, Aug 9, 2011, at 5:23 PM

Well said, Dick. We, the old people shouldn't have to 'leave,' so long as most of the young people still think of themselves as 'We the People.' In the event the young people have the attitude espoused by people who would love to see 'producers,' like you 'gather what he has and depart,' they will be very surprised when we do leave, and don't need any carry-on baggage. I'm looking forward to wearing a Robe, and Crown (of sorts). Ha. Keep the Watch.

-- Posted by Navyblue on Tue, Aug 9, 2011, at 8:42 PM

To get an accurate picture of taxes in the USA as a percentage of Gross Domestic Product, check out the following website. Or any other website you can Google to give you a picture of what has really happened historically. Just saying.


-- Posted by Virginia B Trail on Tue, Aug 9, 2011, at 8:57 PM

Why would we need a link to a Government spreadsheet when we can witness the destruction of our economy all around us?

Do we really need the President to continue his goose-stepping rant about the state of our union was inherited? He really doesn't miss a beat, or a golf-game does he?

Please, can we just send him on vacation for the next 1 1/2 years so we can begin to sort out his incompetent (or are they purposeful?) policies and reverse this mess?

-- Posted by Mickel on Tue, Aug 9, 2011, at 9:50 PM

good bye dick, If you need help gathering up your stuff before you leave let me know

-- Posted by president obama on Wed, Aug 10, 2011, at 12:30 AM

I just love how liberals preach about tolerance to every liberal point of view toward a conservative but when a conservative dares to give an opinion they are vilified. Everything that you see today riots in London, the debt downgrade and the spending frenzy of our federal government can be traced back to liberal/socialist policies. On the debt, liberals don't really care about the downgrade because they really don't believe in free market economics and the capitalistic system that has created the greatest country in the world. Liberals think that the governments are better at making decisions than the individuals of this nation. It is at the core of liberalism to erode the individual and create a nation of poor drones to be dependent on the powerful liberals in government. When people seek their very survival from a government then liberalism has them and they will accept anything else that the liberal politicians dictate. A true conservative says the government is here to protect you from foreign enemies and keep law and order, not to provide for your basic needs to survive.

-- Posted by sleeper on Wed, Aug 10, 2011, at 6:34 AM

Mr. Trail, When no one around you measures up; it is time to check your own yardstick. Instead of constantantly pointing your critical finger why not try lending a helping hand?

Andrew Carnegie said years ago, "As I grow older, I pay less attention to what people say. I just watch what they do."

Lot's of say in this article--- little if any observed do!

-- Posted by Kid Kokamo on Wed, Aug 10, 2011, at 11:30 AM

Tsk, Tsk, Tsk. Dick you have stepped on some tails again. One problem with your excellent article is: You used too many multi-syllable words. I don't think Adventureeves, bigdawg, or Littlerussia understood 99.9% of it. They did pick-up on "I pray that we the people won't have to leave." I think they missed all the points and history of the article. Ochosinco mentioned someone had their "underwear in an uncomfortable position." Here is a couple quotes that should get the knot out of their panties: "I have campaigned in all 57 states." - Barack Obama (Quoted 2008), "You don't need God anymore, you have us Democrats." - Nancy Pelosi (Quoted 2006), and "Paying taxes is voluntary." - Sen. Harry Reid. This is our top three Dim-o-craps. I agree with you Dick, and the input from Navyblue, "We, the old people shouldn't have to 'leave,' so long as most of the young people still think of themselves as 'We the People.' In the event the young people have the attitude espoused by people who would love to see 'producers,' like you 'gather what he has and depart,' they will be very surprised when we do leave, and don't need any carry-on baggage." And, if someone doesn't understand what Navyblue is saying, look in the Bible, I Thessalonians, Chapter 4, verses 13-17.

-- Posted by Chief Gun on Wed, Aug 10, 2011, at 6:32 PM

Thanks, Da Chief, I was getting ready to explain my 'sneaky-talk,' but, you already did, and I like the way you did it, more, by setting them on the trail, and allowing them to see the truth, first hand, so to speak. Yeee-Haaa!!! and AMEN We graduate soon, just don't know exactly when.

-- Posted by Navyblue on Wed, Aug 10, 2011, at 7:10 PM

wow, good job chief, would you like a history of stupid right wing quotes?

sleeper, yes, everything is liberals fault, none of the blame belongs to anyone else, thanks for pointing that out.

-- Posted by president obama on Wed, Aug 10, 2011, at 10:54 PM

Speaking of transferring tax burdens to future generations -- let's take a look at some of the Conservative initiatives that have accomplished that goal Mr. Trails.

In 2004 there was a Repatriation Tax Holiday in which nearly $300 billion in deferred U.S. earnings passed from offshore subsidiaries (many classified as tax havens) back to America at a tax rate of 5.2% - that is only half the tax rate of what a person making $8,500 per year is required to pay. The Conservatives promoted this Holiday as another Capitalistic policy to spur economic growth and create jobs -- you wouldn't think we would have needed another one considering the Bush Tax Cuts of 2001 and 2003 had just been passed using the exact same argument.

An analysis of the 2004 Tax Holiday by the Congressional Research Service showed the real results -- 92% of all funds were used to enrich company executives and to buy back their own shares, not to invest in job creation. In fact, many of the largest corporations that took advantage of the tax holiday wound up cutting tens of thousands of jobs over the subsequent two years. For example:

Pfizer $37 billion repatriated 10,000 jobs cut

Merck $15.9 billion repatriated 7,000 jobs cut

Hewlitt-Packard $14.5 billion repatriated 14,500 jobs cut

Honeywell $2.7 billion repatriated 2,000 jobs cut

Ford $900 million repatriated 30,000 jobs cut

Colgate-Palmolive $800 million repatriated 4,000 jobs cut


Now we have another group led by Conservatives trying to push for yet another Repatriation Tax Holiday -- this one nearly $1 trillion using the exact same argument used in the 2004 tax holiday.

Repatriation legislation introduced by Representative Kevin Brady, a Texas Republican, repeats most of a 2004 law. It would allow U.S.-based companies to repatriate, for one year, income earned overseas at a 5.25 percent rate instead of the 35 percent statutory corporate rate.

Representative Lloyd Doggett, a Texas Democrat who is a senior member of the Ways and Means Committee, circulated an estimate from the Joint Committee on Taxation pegging the cost of a repatriation bill at $78.7 billion.

"This means we will have to borrow more from foreign creditors or shift a greater burden to American small businesses and families," Doggett said. Congressional estimators projected that companies would repatriate about $700 billion if offered a 5.25 percent rate, compared with $300 billion during the tax holiday enacted in 2004.

"It was a major failure the first time around, and it's going to be worse this time," said Chuck Marr, director of federal tax policy at the Center on Budget and Policy Priorities, a Washington organization that supports policies that help low-income Americans. "You make it a regular occurrence; you make it an incentive to shift profits and investments overseas."


Contact your Senators and Representatives and insist they support the "Stop Tax Haven Abuse Act" -- our country and our businesses deserve a level playing field.


-- Posted by Geezer on Thu, Aug 11, 2011, at 8:16 AM

Yo Bigdawg, I apologize if I offended you. Naa, I don't need the quotes, I just call'm the way I see'm. If you find a lot of chicken poop in your car port and on your sidewalk, do you reckon the culprit was a cat or dog?

To Sleeper, I think you stepped on a tail also. Bad, bad Sleeper.

-- Posted by Chief Gun on Thu, Aug 11, 2011, at 9:56 AM

yo dawg, I agree with your statement re right wing faux pas. Were you around when the lame stream media had a hey day with the quotes?

yo geezer, I know I seldom agree with you but in this instance, I wholeheartedly agree with closing the tax havens and loopholes.

-- Posted by doodle bug on Thu, Aug 11, 2011, at 10:18 AM

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Dick Trail
The Way I Saw It