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		<title>England’s Higher Tax on the Rich Produces Unintended Effect – Think Wile E Obama and the ACME Economic Destruction Co. Will Get the Message?</title>
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		<comments>http://www.marfdrat.net/2012/02/22/englands-higher-tax-on-the-rich-produces-unintended-effect-think-wile-e-obama-and-the-acme-economic-destruction-co-will-get-the-message/#comments</comments>
		<pubDate>Wed, 22 Feb 2012 18:00:12 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Economics & Politics]]></category>
		<category><![CDATA[acme economic destruction co.]]></category>
		<category><![CDATA[england]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[wealth]]></category>
		<category><![CDATA[wealthy]]></category>
		<category><![CDATA[wile e obama]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16797</guid>
		<description><![CDATA[My guess is no. Obama mentioned &#8220;fair&#8221; or &#8220;fairness&#8221; a lot in his state of the union address, mostly to signal his desire to raise taxes on the wealthy. England raised the top tax rate on high-income earners to 50%, with the expectation that their tax revenues would go up by 1 billion pounds this [...]]]></description>
			<content:encoded><![CDATA[<p>My guess is no. Obama mentioned &#8220;fair&#8221; or &#8220;fairness&#8221; a lot in his state of the union address, mostly to signal his desire to raise taxes on the wealthy. England raised the top tax rate on high-income earners to 50%, with the expectation that their tax revenues would go up by 1 billion pounds this year. Guess what?</p>
<div>
<blockquote><p>The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period.</p></blockquote>
</div>
<blockquote>
<div>
<p>Senior sources said that the first official figures indicated that there had been “manoeuvring” by well-off Britons to avoid the new higher rate. The figures will add to pressure on the Coalition to drop the levy amid fears it is forcing entrepreneurs to relocate abroad.</p>
</div>
</blockquote>
<div>
<blockquote><p>The self-assessment returns from January, when most income tax is paid by the better-off, have been eagerly awaited by the Treasury and government ministers as they provide the first evidence of the success, or failure, of the 50p rate. It is the first year following the introduction of the 50p rate which had been expected to boost tax revenues from self-assessment by more than £1billion.</p></blockquote>
<p>This quote from a tax accountant rather sums it all up:</p>
<blockquote><p>&#8220;&#8230;it highlights the fact that high tax rates don’t always deliver high tax revenues.”</p></blockquote>
<p>Read the rest at <a href="http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/9097219/50p-tax-rate-failing-to-boost-revenues.html" target="_blank">The Telegraph</a></p>
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			<wfw:commentRss>http://www.marfdrat.net/2012/02/22/englands-higher-tax-on-the-rich-produces-unintended-effect-think-wile-e-obama-and-the-acme-economic-destruction-co-will-get-the-message/feed/</wfw:commentRss>
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		<item><title>She works for Enterprise - get it? [Flickr]</title><link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/-9ca8p1-EXc/</link><category>square</category><category>squareformat</category><category>inkwell</category><category>iphoneography</category><category>instagramapp</category><category>uploaded:by=instagram</category><dc:creator>marfdrat</dc:creator><pubDate>Wed, 22 Feb 2012 07:37:08 PST</pubDate><guid isPermaLink="false">tag:flickr.com,2005:/photo/6774549798</guid><description>&lt;p&gt;&lt;a href="http://www.flickr.com/people/frankreidjr/"&gt;marfdrat&lt;/a&gt; posted a photo:&lt;/p&gt;
	
&lt;p&gt;&lt;a href="http://www.flickr.com/photos/frankreidjr/6774549798/" title="She works for Enterprise - get it?"&gt;&lt;img src="http://farm8.staticflickr.com/7039/6774549798_f8111d7990_m.jpg" width="240" height="240" alt="She works for Enterprise - get it?" /&gt;&lt;/a&gt;&lt;/p&gt;&lt;img src="http://feeds.feedburner.com/~r/marfdrat/Ljho/~4/-9ca8p1-EXc" height="1" width="1"/&gt;</description><enclosure url="http://farm8.staticflickr.com/7039/6774549798_f8111d7990_b.jpg" length="0" type="image/jpeg" /><dc:date.Taken>2012-02-22T10:37:08-08:00</dc:date.Taken><feedburner:origLink>http://www.flickr.com/photos/frankreidjr/6774549798/</feedburner:origLink></item><item><title>Skyway [Flickr]</title><link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/lJb_2-u5H1U/</link><category>square</category><category>squareformat</category><category>inkwell</category><category>iphoneography</category><category>instagramapp</category><category>uploaded:by=instagram</category><dc:creator>marfdrat</dc:creator><pubDate>Wed, 22 Feb 2012 06:09:24 PST</pubDate><guid isPermaLink="false">tag:flickr.com,2005:/photo/6920461801</guid><description>&lt;p&gt;&lt;a href="http://www.flickr.com/people/frankreidjr/"&gt;marfdrat&lt;/a&gt; posted a photo:&lt;/p&gt;
	
&lt;p&gt;&lt;a href="http://www.flickr.com/photos/frankreidjr/6920461801/" title="Skyway"&gt;&lt;img src="http://farm8.staticflickr.com/7062/6920461801_bec1d6a48f_m.jpg" width="240" height="240" alt="Skyway" /&gt;&lt;/a&gt;&lt;/p&gt;&lt;img src="http://feeds.feedburner.com/~r/marfdrat/Ljho/~4/lJb_2-u5H1U" height="1" width="1"/&gt;</description><enclosure url="http://farm8.staticflickr.com/7062/6920461801_bec1d6a48f_b.jpg" length="0" type="image/jpeg" /><dc:date.Taken>2012-02-22T09:09:24-08:00</dc:date.Taken><feedburner:origLink>http://www.flickr.com/photos/frankreidjr/6920461801/</feedburner:origLink></item><item><title>Flying carpets, perhaps? [Flickr]</title><link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/pcDBusz5JfY/</link><category>square</category><category>squareformat</category><category>hudson</category><category>iphoneography</category><category>instagramapp</category><category>uploaded:by=instagram</category><dc:creator>marfdrat</dc:creator><pubDate>Wed, 22 Feb 2012 06:08:19 PST</pubDate><guid isPermaLink="false">tag:flickr.com,2005:/photo/6920459377</guid><description>&lt;p&gt;&lt;a href="http://www.flickr.com/people/frankreidjr/"&gt;marfdrat&lt;/a&gt; posted a photo:&lt;/p&gt;
	
&lt;p&gt;&lt;a href="http://www.flickr.com/photos/frankreidjr/6920459377/" title="Flying carpets, perhaps?"&gt;&lt;img src="http://farm8.staticflickr.com/7196/6920459377_3d83851be8_m.jpg" width="240" height="240" alt="Flying carpets, perhaps?" /&gt;&lt;/a&gt;&lt;/p&gt;&lt;img src="http://feeds.feedburner.com/~r/marfdrat/Ljho/~4/pcDBusz5JfY" height="1" width="1"/&gt;</description><enclosure url="http://farm8.staticflickr.com/7196/6920459377_3d83851be8_b.jpg" length="0" type="image/jpeg" /><dc:date.Taken>2012-02-22T09:08:19-08:00</dc:date.Taken><feedburner:origLink>http://www.flickr.com/photos/frankreidjr/6920459377/</feedburner:origLink></item><item><title>Into the blazing sun [Flickr]</title><link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/3jOQmgoVwtU/</link><category>square</category><category>lofi</category><category>squareformat</category><category>iphoneography</category><category>instagramapp</category><category>uploaded:by=instagram</category><dc:creator>marfdrat</dc:creator><pubDate>Wed, 22 Feb 2012 06:07:04 PST</pubDate><guid isPermaLink="false">tag:flickr.com,2005:/photo/6920456567</guid><description>&lt;p&gt;&lt;a href="http://www.flickr.com/people/frankreidjr/"&gt;marfdrat&lt;/a&gt; posted a photo:&lt;/p&gt;
	
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		<title>Headline of the Day</title>
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		<comments>http://www.marfdrat.net/2012/02/20/headline-of-the-day-2/#comments</comments>
		<pubDate>Mon, 20 Feb 2012 21:11:19 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Me gusta]]></category>
		<category><![CDATA[butt]]></category>
		<category><![CDATA[cocaine]]></category>
		<category><![CDATA[crack]]></category>
		<category><![CDATA[crack kills]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16788</guid>
		<description><![CDATA[From the Huffington Post: Police Find Crack In Suspect&#8217;s Butt: Ramon Blair Arrested In Florida]]></description>
			<content:encoded><![CDATA[<p>From the Huffington Post:</p>
<h1><a href="http://www.huffingtonpost.com/2012/02/17/police-find-crack-in-butt_n_1285604.html" target="_blank">Police Find Crack In Suspect&#8217;s Butt: Ramon Blair Arrested In Florida</a></h1>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/s-RAMON-BLAIR-large.jpg" rel="lightbox[16788]" title="s-RAMON-BLAIR-large"><img class="alignnone size-full wp-image-16790" title="s-RAMON-BLAIR-large" src="http://www.marfdrat.net/wp-content/uploads/2012/02/s-RAMON-BLAIR-large.jpg" alt="" width="260" height="190" /></a></p>

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</div><img src="http://feeds.feedburner.com/~r/marfdrat/Ljho/~4/PO1uDymBeAI" height="1" width="1"/>]]></content:encoded>
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		<title>What is the Left’s Goal? To Transform Society – But, Not to What YOU Think It Should Be</title>
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		<pubDate>Mon, 20 Feb 2012 20:13:34 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Liberty & Freedom]]></category>
		<category><![CDATA[acme economic destruction co.]]></category>
		<category><![CDATA[elitism]]></category>
		<category><![CDATA[leftists]]></category>
		<category><![CDATA[liberals]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[wile e obama]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16779</guid>
		<description><![CDATA[That&#8217;s right; the left in this country today wants to change society, but in ways you feeble unwashed denizens of flyover country couldn&#8217;t possible understand. Your American ideals are actually screwing up their vision for a &#8220;great&#8221; American society. Daniel Greenfield has a brilliant essay at Sultan Knish that explains a lot about the mindset [...]]]></description>
			<content:encoded><![CDATA[<p>That&#8217;s right; the left in this country today wants to change society, but in ways you feeble unwashed denizens of flyover country couldn&#8217;t possible<a href="http://www.marfdrat.net/wp-content/uploads/2012/02/the-11-best-dystopias.jpg" rel="lightbox[16779]" title="the-11-best-dystopias"><img class="alignright size-medium wp-image-16783" title="the-11-best-dystopias" src="http://www.marfdrat.net/wp-content/uploads/2012/02/the-11-best-dystopias-300x235.jpg" alt="" width="300" height="235" /></a> understand. Your American ideals are actually screwing up their vision for a &#8220;great&#8221; American society. Daniel Greenfield has a brilliant essay at Sultan Knish that explains a lot about the mindset of today&#8217;s liberals.</p>
<blockquote><p>The Obama Administration is about as interested in creating jobs as the denizens of the Kremlin were in making sure that every Russian family had plenty of milk and butter on the table. Totalitarian ideologies don&#8217;t care about individual welfare and they certainly are not interested in individual empowerment. An improved economy would weaken the left, it would undermine its central program of promoting fear and dependence on a social safety net and a rights infrastructure administered by them.</p>
<p>The left is not very good at discussing the economy. Ask its leaders to apportion blame for economic problems and they are right there with denunciations of the banks, corporations and a thousand other factors. But ask it how to repair an economy and after some mumbling the answer is usually to fund a bunch of its pet projects that have nothing to do with the economy and everything to do with its social agenda.</p>
<p>The left&#8217;s goal is to transform society, not to empower individuals to make their own choices. That is why an arena like birth control is its natural territory. A society with state subsidized birth control has a low birth rate, low marriage rate, high demand for social subsidies and a high demand for immigrants to compensate for the low birth rate and pay for the social subsidies. Now whether or not you think such a society is a good thing, it is the kind of society that the left wants.</p>
<p>Given a choice between universal birth control and universal free market jobs, the former is a priority and the latter a threat. It&#8217;s not just birth control, there are any number of elements, which may be benign in and of themselves, but which fit into a larger picture of the kind of society it wants.</p>
<p>The Communist era left thought big. If there was hunger, they would grow more wheat. If there weren&#8217;t enough jobs, they would create more factories. It was a grandiose insanity that eventually brought down Communism, but it was healthier than the post-human left which is declinist. If there is hunger, then their solution is to raise the price of food with a tax that will subsidize meals for the poor. If there aren&#8217;t enough jobs, the solution is for more people to go on the dole and for everyone to make do with less.</p>
<p>From a distance this looks like wealth redistribution, but it&#8217;s actually a program for teaching everyone to make do with less. That is why Obama has done everything possible to hike energy prices, by making it harder to get to oil, coal and natural gas, while promoting expensive &#8220;clean energy&#8221; and &#8220;energy efficiency&#8221;.</p>
<p>Faced with a challenge, the new left&#8217;s solution is always make do with less. Less heat, less food and less children. The old left still had some faith in human aspirations. The new left only sees humanity as foolish children who have to be regimented and taught self-discipline. To sacrifice not for a better world, but for a more sustainable existence. There is less of Marx to it and more of Gandhi in that.</p></blockquote>
<p>Yes, those elite liberal geeeeeniuses, like Wile E. Obama and the rest of the ACME Economic Destruction Co. want to transform America. Conservatives want to transform America, too, but the society they envision is diametrically opposite the one the liberals want. If we don&#8217;t swing the balance of power back toward the right this year, the left -led by Obama- is going to chip away at all sorts of freedoms until they have enough control to achieve their dystopian vision. That is a society we don&#8217;t want to live in.</p>
<p>Read the rest: <a href="http://sultanknish.blogspot.com/2012/02/guns-butter-jobs-and-birth-control.html?utm_source=feedburner&amp;utm_medium=twitter&amp;utm_campaign=Feed%3A+FromNyToIsraelSultanRevealsTheStoriesBehindTheNews+%28from+NY+to+Israel+Sultan+Reveals+The+Stories+Behind+the+News%29">Sultan Knish a blog by Daniel Greenfield</a>.</p>

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		<item>
		<title>A Perfect Bumper Sticker for the Incompetent and Corrupt Obama Administration</title>
		<link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/YWVQ0y7yAaw/</link>
		<comments>http://www.marfdrat.net/2012/02/20/a-perfect-bumper-sticker-for-the-incompetent-and-corrupt-obama-administration/#comments</comments>
		<pubDate>Mon, 20 Feb 2012 15:13:11 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Economics & Politics]]></category>
		<category><![CDATA[acme economic destruction co.]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[incompetence]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[Obama administration]]></category>
		<category><![CDATA[scamalot]]></category>
		<category><![CDATA[wile e obama]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16774</guid>
		<description><![CDATA[I saw this over at Legal Insurrection. One of his readers spotted it while walking, and sent in the picture. It&#8217;s a perfect description of what&#8217;s going on in the incompetent and corrupt Obama administration.]]></description>
			<content:encoded><![CDATA[<p>I saw this over at <a href="http://legalinsurrection.com/2012/02/not-so-happily-ever-aftering/" target="_blank">Legal Insurrection</a>. One of his readers spotted it while walking, and sent in the picture. It&#8217;s a perfect description of what&#8217;s going on in the incompetent and corrupt Obama administration.</p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/Bumper-Sticker-Rockport-MA-Holy-Crap.jpg" rel="lightbox[16774]" title="Bumper-Sticker-Rockport-MA-Holy-Crap"><img class="alignnone  wp-image-16775" title="Bumper-Sticker-Rockport-MA-Holy-Crap" src="http://www.marfdrat.net/wp-content/uploads/2012/02/Bumper-Sticker-Rockport-MA-Holy-Crap.jpg" alt="" width="582" height="278" /></a></p>

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		<item><title>Pretty, but it won't last [Flickr]</title><link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/dxk9G4p6HdU/</link><category>square</category><category>squareformat</category><category>hudson</category><category>iphoneography</category><category>instagramapp</category><category>uploaded:by=instagram</category><dc:creator>marfdrat</dc:creator><pubDate>Mon, 20 Feb 2012 05:53:57 PST</pubDate><guid isPermaLink="false">tag:flickr.com,2005:/photo/6909593829</guid><description>&lt;p&gt;&lt;a href="http://www.flickr.com/people/frankreidjr/"&gt;marfdrat&lt;/a&gt; posted a photo:&lt;/p&gt;
	
&lt;p&gt;&lt;a href="http://www.flickr.com/photos/frankreidjr/6909593829/" title="Pretty, but it won't last"&gt;&lt;img src="http://farm8.staticflickr.com/7043/6909593829_233d2b90da_m.jpg" width="240" height="240" alt="Pretty, but it won't last" /&gt;&lt;/a&gt;&lt;/p&gt;&lt;img src="http://feeds.feedburner.com/~r/marfdrat/Ljho/~4/dxk9G4p6HdU" height="1" width="1"/&gt;</description><enclosure url="http://farm8.staticflickr.com/7043/6909593829_233d2b90da_b.jpg" length="0" type="image/jpeg" /><dc:date.Taken>2012-02-20T08:53:57-08:00</dc:date.Taken><feedburner:origLink>http://www.flickr.com/photos/frankreidjr/6909593829/</feedburner:origLink></item><item>
		<title>The Great and Calamitous Fiscal Trends of our Time: Dependence on Government, and Soaring Debt</title>
		<link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/qgxc6AMNmfI/</link>
		<comments>http://www.marfdrat.net/2012/02/19/the-great-and-calamitous-fiscal-trends-of-our-time-dependence-on-government-and-soaring-debt/#comments</comments>
		<pubDate>Mon, 20 Feb 2012 04:03:45 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Economics & Politics]]></category>
		<category><![CDATA[acme economic destruction co.]]></category>
		<category><![CDATA[culture of dependence]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[dependence]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[social security]]></category>
		<category><![CDATA[welfare]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16765</guid>
		<description><![CDATA[The Heritage Foundation details the continuation of two disturbing trends: More and more people are dependent on the government for some kind of assistance, and dependence programs are a big contributor to the soaring federal debt: The challenges that Congress faces in reforming these entitlement programs are heightened by the rapid growth of other dependence-creating [...]]]></description>
			<content:encoded><![CDATA[<p>The Heritage Foundation details <a href="http://www.heritage.org/research/reports/2012/02/2012-index-of-dependence-on-government" target="_blank">the continuation of two disturbing trends</a>: More and more people are dependent on the government for some kind of assistance, and dependence programs are a big contributor to the soaring federal debt:</p>
<blockquote><p>The challenges that Congress faces in reforming these entitlement programs are heightened by the rapid growth of other dependence-creating programs, such as subsidies for food and housing and college financial aid, and by the growing number of Americans who incur no obligations for receiving them. How likely is Congress to reform entitlements in any meaningful way under such circumstances? Can Congress rein in the massive middle-class entitlements in an environment of fast-expanding dependence programs?</p>
<p>In 1962, the first year measured in the Index of Dependence on Government, the percentage of people who did not pay federal income taxes themselves and who were not claimed as dependents by someone who did pay federal income taxes stood at 23.7 percent; it fell to 12 percent by 1969 before beginning a ragged and ultimately steady increase. By 2000, the percentage was 34.1 percent; by 2009, it was 49.5 percent.<a name="_ednref9" href="http://www.heritage.org/research/reports/2012/02/2012-index-of-dependence-on-government#_edn9"></a>[9] In short, the country is now at a point where roughly one-half of “taxpayers” <em>do not pay federal income taxes</em>,<em> </em>and where most of that same population receives generous federal benefits. (See Chart 1.)</p>
<p>This trend should concern everyone who supports America’s republican form of government. If the citizens’ representatives are elected by an increasing percentage of voters who pay no income tax, how long will it be before these representatives respond more to demands for yet more entitlements and subsidies from non-payers than to the pleas of taxpayers to exercise greater spending prudence?</p></blockquote>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/CDA2012indexdependencegovtchart1.gif" rel="lightbox[16765]" title="CDA2012indexdependencegovtchart1"><img class="alignnone size-full wp-image-16767" title="CDA2012indexdependencegovtchart1" src="http://www.marfdrat.net/wp-content/uploads/2012/02/CDA2012indexdependencegovtchart1.gif" alt="" width="400" height="737" /></a></p>
<p>While an ever-increasing number of Americans don&#8217;t pay any income taxes, the percentage of federal spending that goes to dependence programs has reached an all-time high:</p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/CDA2012indexdependencegovtchart2.gif" rel="lightbox[16765]" title="CDA2012indexdependencegovtchart2"><img class="alignnone size-full wp-image-16766" title="CDA2012indexdependencegovtchart2" src="http://www.marfdrat.net/wp-content/uploads/2012/02/CDA2012indexdependencegovtchart2.gif" alt="" width="400" height="685" /></a></p>
<p>I don&#8217;t know if there are enough legislators in either party with the will to do anything about these twin terrors. Obama&#8217;s 2013 budget obviously makes no attempt to address either of these situations. On the contrary, it seems that the CEO of the ACME Economic Destruction Co. <a href="http://dailycapitalist.com/2012/02/10/budget-travesty-2012/" target="_blank">seems intent on making both situations worse</a>.</p>

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		<item>
		<title>The “Contraception Controversy” – A Big Distraction from Obama’s Debt-Bomb Budget</title>
		<link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/NaefWZBexIU/</link>
		<comments>http://www.marfdrat.net/2012/02/19/the-contraception-controversy-a-big-distraction-from-obamas-debt-bomb-budget/#comments</comments>
		<pubDate>Sun, 19 Feb 2012 16:56:00 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Economics & Politics]]></category>
		<category><![CDATA[acme economic destruction co.]]></category>
		<category><![CDATA[contraception]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[government spending]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[wile e obama]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16763</guid>
		<description><![CDATA[Mark Steyn feels the same way as I do about Obama&#8217;s contraception &#8220;controversy&#8221;: it&#8217; just a big &#8220;shiny object&#8221; designed to distract America&#8217;s attention from the debt cliff we&#8217;re hurtling toward. The U.S. economy shuts down in 2027? Had you heard about that? It’s like the ultimate Presidents’ Day sale: Everything must go — literally! [...]]]></description>
			<content:encoded><![CDATA[<p>Mark Steyn feels the same way as I do about Obama&#8217;s contraception &#8220;controversy&#8221;: it&#8217; just a big &#8220;shiny object&#8221; designed to distract America&#8217;s attention from the debt cliff we&#8217;re hurtling toward.</p>
<blockquote><p>The U.S. economy shuts down in 2027? Had you heard about that? It’s like the ultimate Presidents’ Day sale: Everything must go — literally! At such a moment, it may seem odd to find the political class embroiled in a bitter argument about the Obama administration’s determination to force Catholic institutions and, indeed, my company and your company, if you’re foolish enough still to be in business in the United States to provide free prophylactics to their employees. The received wisdom among media cynics is that Obama has engaged in an ingenious bit of misdirection by seizing on a pop-culture caricature of Republicans and inviting them to live up to it: Those uptight squares with the hang-ups about fornication have decided to force you to lead the same cheerless sex lives as them. I notice that in their coverage NPR and the evening news shows generally refer to the controversy as being about “contraception,” discreetly avoiding mention of sterilization and pharmacological abortion, as if the GOP have finally jumped the shark in order to prevent you jumping anything at all.</p>
<p>It may well be that the Democrats succeed in establishing this narrative. But anyone who falls for it is a sap. In fact, these two issues — the Obama condoms-for-clunkers giveaway and a debt-to-GDP ratio of 900 percent by 2075 — are not unconnected. In Greece, 100 grandparents have 42 grandchildren — i.e., an upside-down family tree. As I wrote in this space a few weeks ago, “If 100 geezers run up a bazillion dollars’ worth of debt, is it likely that 42 youngsters will ever be able to pay it off?” Most analysts know the answer to that question: Greece is demographically insolvent. So it’s looking to Germany to continue bankrolling its First World lifestyle.</p></blockquote>
<p>So who&#8217;s going to bankroll our ridiculously profligate government&#8217;s excessive lifestyle? At the rate we&#8217;re going, there won&#8217;t be enough of our children or our children&#8217;s children to ever pay it off. The crazy spending has got to stop, and soon: the abyss is just ahead.</p>
<p>Read the rest: <a href="http://www.nationalreview.com/articles/291383/contraception-misdirection-mark-steyn">Contraception Misdirection &#8211; Mark Steyn &#8211; National Review Online</a>.</p>

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		<item>
		<title>Geithner to House Budget Committee: “We Don’t Have a Plan to Solve the Debt Crisis, But We Know We Don’t Like Yours”</title>
		<link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/4Mj17LXAJy4/</link>
		<comments>http://www.marfdrat.net/2012/02/17/geithner-to-house-budget-committee-we-dont-have-a-plan-to-solve-the-debt-crisis-but-we-know-we-dont-like-yours/#comments</comments>
		<pubDate>Fri, 17 Feb 2012 19:45:39 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Economics & Politics]]></category>
		<category><![CDATA[2013 budget]]></category>
		<category><![CDATA[acme economic destruction co.]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[house budget committee]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[Path to Prosperity]]></category>
		<category><![CDATA[Paul Ryan]]></category>
		<category><![CDATA[wile e obama]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16757</guid>
		<description><![CDATA[That&#8217;s a paraphrase, but it&#8217;s essentially what Treasury Secretary and noted tax-cheat Timmy Geithner said to House Budget Committee chairman Paul Ryan in testimony. James Pethokoukis of The Enterprise Blog provides the details: Testifying before the House Budget Committee today, U.S. Treasury Secretary Tim Geithner told Chairman Paul Ryan the following: “We’re not coming before you to [...]]]></description>
			<content:encoded><![CDATA[<p>That&#8217;s a paraphrase, but it&#8217;s essentially what Treasury Secretary and noted tax-cheat Timmy Geithner said to House Budget Committee chairman Paul Ryan in testimony. James Pethokoukis of The Enterprise Blog provides the details:</p>
<p>Testifying before the House Budget Committee today, U.S. Treasury Secretary Tim Geithner <a href="http://www.youtube.com/watch?v=h_f20ZDBj5k&amp;feature=player_embedded" target="_blank">told Chairman Paul Ryan the following</a>: “We’re not coming before you to say we have a definitive solution to that long-term problem. What we do know is we don’t like yours.”</p>
<p>Actually, President Obama sort of did have a definitive solution. He created a debt commission, which devised <a href="http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/TheMomentofTruth12_1_2010.pdf" target="_blank">a long-term debt reduction plan</a>. Which the president rejected. And instead, we get this <a href="http://www.whitehouse.gov/omb/budget/Overview/" target="_blank">new budget proposal</a>, which makes no effort to deal with Medicare, Medicaid, and Social Security—the long-term drivers of U.S. federal debt. <strong>The debt curve never gets bent, as the above White House (!) chart shows. </strong>(<a href="http://www.whitehouse.gov/omb/budget/Analytical_Perspectives/" target="_blank">Yes, the chart comes from the White House’s Office of Management and Budget.</a>) It just goes up and up and up—until the heat death of the universe or the economy is struck by a Greek-style debt crisis.</p>
<p>Here’s what the bipartisan <a href="http://crfb.org/document/analysis-presidents-fy-2013-budget" target="_blank">Committee for a Responsible Federal Budget</a> says about the president’s plan:</p>
<blockquote><p>Over the long-term, the President’s budget would not constrain rising debt, as retirement and health care costs continue growing faster than the economy. According to the Administration’s own estimates, debt would grow as a share of the economy past 2022 exceeding 93 percent by 2035 and nearly 125 percent by 2050. <strong>These levels would be both economically constraining and ultimately unsustainable.</strong></p></blockquote>
<p>The post also includes two charts: one, a frightening picture of the U.S debt as a percentage of GDP is things continue as Obama has proposed, and</p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/future-debt-under-obama-budget-plan.jpg" rel="lightbox[16757]" title="future debt under obama budget plan"><img class="alignnone size-large wp-image-16759" title="future debt under obama budget plan" src="http://www.marfdrat.net/wp-content/uploads/2012/02/future-debt-under-obama-budget-plan-600x370.jpg" alt="" width="600" height="370" /></a></p>
<p>the other, a view of the future if we inject a little sanity into the budget, with Paul Ryan&#8217;s &#8220;Path to Prosperity:&#8221;</p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/future-debt-under-ryan-budget-plan.jpg" rel="lightbox[16757]" title="future debt under ryan budget plan"><img class="alignnone size-large wp-image-16758" title="future debt under ryan budget plan" src="http://www.marfdrat.net/wp-content/uploads/2012/02/future-debt-under-ryan-budget-plan-600x451.jpg" alt="" width="600" height="451" /></a></p>
<p>Since Wile E. Obama and his ACME Economic Destruction Co cohorts have no intention of trying to reduce the size of government or even produce a budget (1000+ days and counting without one), our best bet would be to vote the whole lot of them out in November. The only question is how much damage will be done by January 2013 with these guys running the show?</p>
<p>Read the rest at <a href="http://blog.american.com/2012/02/this-is-the-debt-chart-obama-and-geithner-should-be-ashamed-of/" target="_blank">The Enterprise Blog</a></p>

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		<item>
		<title>Watch Fetish: Reactor Poseidon</title>
		<link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/i2Io_kTrhv4/</link>
		<comments>http://www.marfdrat.net/2012/02/17/watch-fetish-reactor-poseidon/#comments</comments>
		<pubDate>Fri, 17 Feb 2012 19:27:19 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Me gusta]]></category>
		<category><![CDATA[Watch Fetish]]></category>
		<category><![CDATA[diver watch]]></category>
		<category><![CDATA[Poseidon]]></category>
		<category><![CDATA[Reactor]]></category>
		<category><![CDATA[watch]]></category>
		<category><![CDATA[watch fetish]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16751</guid>
		<description><![CDATA[Though I don&#8217;t exactly have a need for it (or, at $1000, the budget), the REACTOR 55907 Poseidon would be a nice watch to wear on occasion. Plus, it&#8217;s just a great looking watch.]]></description>
			<content:encoded><![CDATA[<p>Though I don&#8217;t exactly have a need for it (or, at $1000, the budget), the <a href="http://www.amazon.com/gp/product/B0061RAH22/ref=as_li_ss_tl?ie=UTF8&amp;tag=observerumina-20&amp;linkCode=as2&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B0061RAH22">REACTOR 55907 Poseidon </a><img style="border: none !important; margin: 0px !important;" src="http://www.assoc-amazon.com/e/ir?t=observerumina-20&amp;l=as2&amp;o=1&amp;a=B0061RAH22" alt="" width="1" height="1" border="0" /> would be a nice watch to wear on occasion.</p>
<p>Plus, it&#8217;s just a great looking watch.</p>
<div id="attachment_16753" class="wp-caption alignnone" style="width: 610px"><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/Reactor-Poseidon-Limited-Edition-2-Gear-Patrol.jpg" rel="lightbox[16751]" title="Reactor-Poseidon-Limited-Edition-2-Gear-Patrol"><img class="size-large wp-image-16753" title="Reactor-Poseidon-Limited-Edition-2-Gear-Patrol" src="http://www.marfdrat.net/wp-content/uploads/2012/02/Reactor-Poseidon-Limited-Edition-2-Gear-Patrol-600x438.jpg" alt="" width="600" height="438" /></a><p class="wp-caption-text">Photo from Gear Patrol</p></div>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/Reactor-Poseidon-Limited-Edition-2-Gear-Patrol-2.jpg" rel="lightbox[16751]" title="Reactor-Poseidon-Limited-Edition-2-Gear-Patrol-2"><img class="alignnone size-large wp-image-16752" title="Reactor-Poseidon-Limited-Edition-2-Gear-Patrol-2" src="http://www.marfdrat.net/wp-content/uploads/2012/02/Reactor-Poseidon-Limited-Edition-2-Gear-Patrol-2-600x900.jpg" alt="" width="600" height="900" /></a></p>

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		<item>
		<title>While the Dems Gin Up the “Contraception Controversy”, The House RSC Asks a Good Question: Where Are the Jobs?</title>
		<link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/6yy_KH0Zs7s/</link>
		<comments>http://www.marfdrat.net/2012/02/17/while-the-dems-gin-up-the-contraception-controversy-the-house-rsc-asks-a-good-question-where-are-the-jobs/#comments</comments>
		<pubDate>Fri, 17 Feb 2012 17:00:57 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Economics & Politics]]></category>
		<category><![CDATA[acme economic destruction co.]]></category>
		<category><![CDATA[government spending]]></category>
		<category><![CDATA[Jim Jordan]]></category>
		<category><![CDATA[Keynesian Stimulus Fail]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[Republican Study Committee]]></category>
		<category><![CDATA[RSC]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[wile e obama]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16744</guid>
		<description><![CDATA[The Republican Study Committee, chaired by Jim Jordan (R-OH), has a graphic demonstration of just how much good Wile E. Obama and the ACME Economic Destruction Company have done for us since the $1.2 trillion stimulus package passed in 2009. From the RSC Press Release: Tomorrow, February 17, 2012, will be exactly 3 years since [...]]]></description>
			<content:encoded><![CDATA[<p>The Republican Study Committee, chaired by Jim Jordan (R-OH), has a graphic demonstration of just how much good Wile E. Obama and the ACME Economic Destruction Company have done for us since the $1.2 trillion stimulus package passed in 2009.</p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/republican-study-committee-graph-where-are-the-jobs.jpg" rel="lightbox[16744]" title="republican study committee graph - where are the jobs"><img class="alignnone size-full wp-image-16745" title="republican study committee graph - where are the jobs" src="http://www.marfdrat.net/wp-content/uploads/2012/02/republican-study-committee-graph-where-are-the-jobs.jpg" alt="" width="500" height="307" /></a></p>
<p>From the<a href="http://rsc.jordan.house.gov/News/DocumentSingle.aspx?DocumentID=280695" target="_blank"> RSC Press Release</a>:</p>
<blockquote><p>Tomorrow, February 17, 2012, will be exactly 3 years since President Obama signed his infamous stimulus package into law. It was a plan designed to create jobs by growing the size of government, and its record has not been good.</p>
<p>Democrats said their costly plan ($1.2 trillion, including interest) would “save or create” up to 4 million jobs and bring the unemployment rate down to about 6% today. The unemployment rate has not fallen below 8% at any point in the last 36 months. Furthermore, the official unemployment rate does not actually count unemployed people who have given up looking for work.</p>
<p>The above chart shows the “labor force participation rate.” This statistic represents the share of working-age Americans who are either employed or unemployed but looking for work. It is not a pretty picture. Only 63.7% of working-age Americans are currently in the workforce – the lowest in almost 29 years!</p>
<p>To put it another way, <strong>36.3% of working-age Americans do not have a job </strong><strong>and are not even looking</strong>.</p>
<p>After 3 years of failure, it’s time to try something that will work. Let’s ramp up energy production. Let’s cut away government red tape that slows down job creation. And let’s design a new tax code that is simpler, flatter, and fairer. Let’s pass the <a href="http://rsc.jordan.house.gov/solutions/jobsthroughgrowth.htm">Jobs Through Growth Act</a>, and create jobs by growing the economy – not the government.</p></blockquote>
<p>Meanwhile, the President and his pointy-headed operatives are busy trying to distract Americans with their ginned-up &#8220;contraception controversy.&#8221;</p>

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		<item>
		<title>Can You Guess Where This Is?</title>
		<link>http://feedproxy.google.com/~r/marfdrat/Ljho/~3/9Fi9TR1_lSQ/</link>
		<comments>http://www.marfdrat.net/2012/02/17/can-you-guess-where-this-is/#comments</comments>
		<pubDate>Fri, 17 Feb 2012 14:49:56 +0000</pubDate>
		<dc:creator>marfdrat</dc:creator>
				<category><![CDATA[Me gusta]]></category>
		<category><![CDATA[Photography]]></category>
		<category><![CDATA[photos]]></category>
		<category><![CDATA[renovations]]></category>
		<category><![CDATA[U.S. landmarks]]></category>

		<guid isPermaLink="false">http://www.marfdrat.net/?p=16730</guid>
		<description><![CDATA[Take a look at these photos. They&#8217;re from 1948 to 1952, and involve the renovation of a famous building, instantly recognizable from the outside. Can you guess which building it is? Couldn&#8217;t guess? It&#8217;s the White House. It was completely gutted and restored during the Truman Administration. Photos from Retronaut (H/T Coyote Blog) &#160;]]></description>
			<content:encoded><![CDATA[<p>Take a look at these photos. They&#8217;re from 1948 to 1952, and involve the renovation of a famous building, instantly recognizable from the outside. Can you guess which building it is?</p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/white-house-renovation-3.jpg" rel="lightbox[16730]" title="white house renovation 3"><img class="alignnone size-full wp-image-16731" title="white house renovation 3" src="http://www.marfdrat.net/wp-content/uploads/2012/02/white-house-renovation-3.jpg" alt="" width="520" height="364" /></a></p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/white-house-renovation-2.jpg" rel="lightbox[16730]" title="white house renovation 2"><img class="alignnone size-full wp-image-16732" title="white house renovation 2" src="http://www.marfdrat.net/wp-content/uploads/2012/02/white-house-renovation-2.jpg" alt="" width="414" height="576" /></a></p>
<p><a href="http://www.marfdrat.net/wp-content/uploads/2012/02/white-house-renovation.jpg" rel="lightbox[16730]" title="white house renovation"><img class="alignnone size-full wp-image-16733" title="white house renovation" src="http://www.marfdrat.net/wp-content/uploads/2012/02/white-house-renovation.jpg" alt="" width="520" height="374" /></a></p>
<p>Couldn&#8217;t guess? It&#8217;s the White House. It was completely gutted and restored during the Truman Administration. Photos from <a href="http://www.retronaut.co/2012/02/reconstructing-the-white-house-1948-1952/" target="_blank">Retronaut</a> (H/T <a href="http://www.coyoteblog.com/" target="_blank">Coyote Blog</a>)</p>
<p>&nbsp;</p>

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