U.S. Government on Those Illegal Pilgrims – Today’s Quote

Pilgrims as Illegal AliensThe pilgrims were illegal aliens!

U.S. Government Employees Chanting During Cultural Sensitivity Training via JW Releases Confidential USDA Videos Revealing “Cultural Sensitivity Training” Program | Judicial Watch

Andrew’s Note:  A lot of folks walked across a land bridge, emigrated from Europe or were brought here through the barbarism of the slave trade before we were a Nation of laws with border controls… since when do we have to be ‘culturally sensitive to criminal activity!  Maybe we’re all just anchor babies…

Obama on America’s Debt Problem – Today’s Quote

Just a few years ago, when George W. Bush was president, the Congressional Record shows that Senator Obama said this: “I rise, today, to talk about America’s debt problem. The fact that we are here to debate raising America’s debt limit is a sign of leadership failure and our government’s reckless fiscal policies.”..

Sen. Obama went on: “Over the past five years, our federal debt has increased from $3.5 trillion to $8.6 trillion — and yes, I said trillion with a ‘T’!”

John Stossel via Obama is not king | Fox News

Andrew’s Note:  The U.S. debt is currently over $16.4 Trillion.

Olson on Honest Taxpayers – Today’s Quote

The existing tax code makes compliance difficult, requiring taxpayers to devote excessive time to preparing and filing their returns… and it undermines trust in the system by creating an impression that many taxpayers are not compliant, thereby reducing the incentives that honest taxpayers feel to comply.

Nina Olson via Watchdog calls tax code ‘unconscionable burden,’ asks Congress to reform system

Boyle on 41:1 – Today’s Quote

According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

Matthew Boyle via Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases.

Jefferson on Taxation – Today’s Quote

If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to  rivet their chains on the necks of our fellow sufferers; And this is the tendency of all human governments .

A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on till the bulk of the society is reduced to be mere automatons of misery, to have no sensibilities left but for sinning and suffering… And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

President Thomas Jefferson

Hendrickson on Economic History Rhymes – Today’s Quote

Now that Barack Obama has won re-election, the parallels … to him and FDR seem stronger than ever. In terms of government spending, George W. Bush’s second term can now be viewed as Herbert Hoover redux, and Obama’s additional ramping up of the Bush spending explosion eerily mimics FDR’s post-Hoover strategy. Perhaps the most breathtaking parallel between FDR’s and Obama’s Big Government agendas is this: In his first five years in office, FDR spent more than the previous 31 presidents combined; in eight years as president, Obama will have doubled the national debt accumulated by all 43 of his predecessors (unless, of course, Uncle Sam’s farcical finances blow up before then).

Economist, Dr. Mark Hendrickson via Obama: The Second FDR Rather Than the Second Carter | Forbes

Don’t Follow the Judas Goat – a Tax Commentary

A ‘Judas Goat’ is a goat trained to associate with other herd animals, primarily sheep or cattle and lead them to slaughter.  By following the Judas Goat the unsuspecting livestock calmly walk right up to their own demise.  When it comes to taxation, make sure that you don’t follow the Judas Goat!

I’m consistently amazed at the stupid things that celebrities say and the questionable causes they support.  Just look at how many celebrities have been hoodwinked by the extremist group PETA into endorsing their agenda and even posing naked to support it.  I understand the need to ‘make a difference’ in the world but do your homework folks!  The worst of these celebrity ’causes’ is the recent rash of celebrity ‘tax the rich’ and last year’s ‘support Occupy Wall Street’ celebrity endorsements.

These tax-increase celebrities remind me of that Judas Goat…with their expectation that we will be so star-struck that we calmly follow them into taxmeggeddon.  Even seemingly rational businessmen like Warren Buffet have chosen to play the Goat.  My only guess is that if you’ve accumulated all the wealth you’ll ever need than it’s worth it to deflect the animosity of the class envy by saying “no, really, I should be taxed more” or maybe the motivation is just guilt.

The problem with the Judas Goat is that his or her approach doesn’t lead to the Goat’s slaughter…just the rest of us.  If you really believe you should pay more taxes it’s easy to do…just look how hard most U.S. citizens work to keep their tax burdens manageable. (more…)

Laffer on Economic Prosperity – Today’s Quote

And you can’t have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade.  It just can’t be done.

Dr. Arthur B. Laffer

President Kennedy on Raising Tax Revenues – Today’s Quote

In short, it is a paradoxical truth that … the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country’s own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

President John F. Kennedy, Nov. 20, 1962

Laffer on Stimulus – Today’s Quote

The truth of the matter of is that stimulus money not only doesn’t stimulate; it actually reduces output.

Dr. Arthur Laffer

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