GOP: Obama Budget Would Increase Debt to $25.4 Trillion
...41% Increase in Income Taxes...
Government Plays Favorites
By John StosselPeople say government must "help the little guy, promote equality, level the playing field."
People often go into government to do that. But even when people mean well, it's natural for them to help out their cronies.
David Stockman, who ran the Office of Management and Budget under Ronald Reagan, was criticized for saying the government's budget numbers didn't add up. But he was right.
Now, in his book "The Great Deformation," he says both major political parties failed ordinary Americans when the housing bubble burst, and they rushed to bail out cronies at big banks. Government continues to threaten our future by printing gobs of money and guaranteeing trillions in loans to banks, homeowners, students and other politically connected groups.
The political class claims the economy would have been destroyed in 2008 without a bailout of the big banks. Stockman says that's a myth: "The Main Street banks were not going to go into a huge retail bank run ... and (Fed chairman Ben) Bernanke is totally wrong when he says we were on the verge of Depression 2.0. We weren't close. We would have worked our way through it. We've done it many times in history."
Worked our way through it? Without the bailouts, there might have been a bigger stock market drop, and more businesses would have closed! But Stockman says, so what? It would have been worth it. And I agree with him.
Today, taxpayers would be $1 trillion richer and not on the hook for trillions in loan guarantees. Prices would now have found a natural floor, business would be eagerly hiring again, and America would be free of moral hazards like "too big to fail" banks.
What do I mean by "moral hazard"? I once built a beach house on the edge of the ocean -- a very risky place to build -- but I did so because federal flood insurance guaranteed my investment. Eventually, a storm swept away my house, but I didn't lose a penny. Government "insurance" covered my loss. Thanks, taxpayers!
Now that I'm wiser -- and more libertarian -- I'm ashamed that I took your money and understand that the whole program is a mistake. The same government that worries about global warming causing flooding spends billions to compensate risk-takers who live next to oceans. That's moral hazard.
But beachfront property owners have political connections. They make desperate calls to legislators. Politicians respond to whoever screams loudest.
When the housing bubble burst, politicians got panicked calls from their friends on Wall Street -- in many cases former colleagues. Instead of letting their old friends take big losses and trusting smaller banks to expand and take their customers, the political class propped up risk-takers who made bad bets.
It's not that those who move back and forth between Wall Street and government are evil. But when you are close to a problem, you are quicker to panic. A few years back, brilliant scientists who studied SARS or bird flu sincerely thought a mass epidemic was coming, and therefore government had to "do something." (It didn't hurt that "doing something" meant spending more on their area of research.)
In 1999, computer techs really believed computers would freeze when the calendar turned to 2000, causing planes to fall from the sky. Killer-bee researchers were convinced bees would sting us to death.
Anti-pesticide environmentalists, flesh-eating bacteria researchers and today's global warming fanatics are all sincere in their fear.
But unlike Wall Street bankers, none could confiscate a trillion of your dollars and give them to their cronies. Believe me: If Al Gore could have done that, he would have.
Politicians accuse those of us who advocate limited government of being heartless when we say that government should not protect us against loss. But government efforts to "protect" us create a moral hazard that just makes our problems bigger over time.
Politicians say, "Yes, we can!" But don't be fooled: "No, They Can't."
http://townhall.com/columnists/johnstossel/2013/04/10/government-plays-favorites-n1562642/page/full/
College Professor: Hey, Let's Make Anti-Gun Posters
What does a professor do after launching a personal anti-gun campaign? Forces students paying tuition at a public university to make anti-gun posters for her as part of a class assignment, obviously. More from Campus Reform:A professor at a public university in Texas is under investigation from school administrators for allegedly forcing students in her graphic design class to create anti-gun posters for a personal anti-gun campaign she had launched.Makes you contemplate what the definition of being "educated" is these days.
Midwestern State University Provost and Vice President for Academic Affairs Betty Stewart confirmed to Campus Reform Friday the school has launched an investigation into professor Jennifer Yucus’ conduct after a student filed an official complaint on Thursday.
According to the complaint, obtained by Campus Reform, the professor compelled students in her graphic design class to create artwork opposing firearms on campus and opposing pro-gun legislation currently pending before the Texas state legislature.
The professor then used the artwork students created online to publicize an anti-gun petition entitled “MSU is anti-Concealed Carry on Campus” and on a now deleted Facebook page opposing firearms, says the complaint.
“On Monday, April 1, around 7 PM (class was 5:30 – 8:20), Jennifer Yucus, Assistant Professor of Graphic Art/Design, compelled students from her Computers For Artists class to advocate in favor of a political petition opposing firearms on campus, in opposition to a pair of bills currently before the Texas legislature, using personal art materials and MSU resources,” reads the complaint.
http://townhall.com/tipsheet/katiepavlich/2013/04/10/college-professor-hey-lets-make-antigun-posters-n1563217
How 1960s Radicals Ended up Teaching Your Kids
On the same day ESPN broadcast the Rutgers tape, The New York Post reported
that Kathy Boudin, a professor at Columbia University, was named the
2013 Sheinberg Scholar-in-Residence at NYU Law School. In 1984, Boudin, a
member of the Weather Underground, a violent, oafish association of
upper-class “revolutionaries,” pled guilty to second degree murder in
association with the infamous 1981 Brinks armored car robbery in Nyack,
New York. Babbling in the language of anti-racism and anti-imperialism,
Boudin assisted in ending the life of three people, including Waverly
Brown, the first black police officer on the Nyack police force, and
left nine children fatherless. She was sentenced to 20 years to life in
prison. In 2003, Boudin was released; by 2008 she had landed a coveted
teaching position at an Ivy League university.
Indeed, Boudin’s Columbia University biography
doesn’t mention her violent past, describing her simply as “an educator
and counselor with experience in program development since 1964,
working within communities with limited resources to solve social
problems.” Neither does an official NYU press release
announcing her new gig, instead explaining that Boudin “has been
dedicated to community involvement in social change since the 1960’s.”
Well, that’s one way of putting it. (Boudin didn’t respond to an interview request.)
Kick
a student on the basketball court and you’ll lose your university job.
Spend two decades in prison on radical chic murder rap and you’ll get
one.
Let’s
be clear: Private colleges can hire whomever they like, though one
suspects that a Pinochet loyalist, a propagandist for Franco, or a
far-right bomber—where academic jobs are scarce—wouldn’t make the
shortlist of candidates at Columbia or NYU. In fact, there is a rather
ignoble tradition within academia of welcoming those with fringe views
and violent backgrounds, provided their politics were “misguided” in the
appropriate direction.
The
most famous Weather Underground bombers-cum-professors are, of course,
Bill Ayers and Bernadine Dohrn (also a former Sheinberg
Scholar-in-Residence at NYU, which must consider bomb-making skills when
making its selection), whose infantile politics and tenure on the FBI’s
Most Wanted List never dented the confidence of the University of
Illinois or Northwestern University.
Ayers
and Dohrn have long maintained that their bombing campaigns never
deliberately targeted people, a claim that elides a rather important
event: the famous 1970 explosion at a Weather bomb factory in New York
City that killed three people, all of whom were constructing nail-packed
pipe bombs for deployment at an army dance in Fort Dix, New Jersey. The
goal was to blind, maim, and kill. Boudin was present, but escaped the
explosion and evaded capture. She insisted during her 2003 parole
hearing, against logic and and all available evidence, that she was
unaware the house was being used to construct bombs.
In a fair-minded piece for LA Weekly, journalist Peter Jamison reported
that investigators also believed an unsolved 1970 bombing of a San
Francisco police station, which killed one officer and blinded another,
could be tied back to Ayers and Dohrn. According to Jamison, “two
credible eyewitnesses—both former left-wing radicals tied to the
Weathermen—gave detailed statements to investigators in the 1970s
alleging that Dohrn and Howard Machtinger, another member of the group,
were personally involved in organizing the deadly attack.”
Ayers,
Dohrn, and Machtiger spent most of the 1970s “underground,” attempting
to avoid prosecution on a variety of charges (including a foiled attempt
to bomb the Detroit Police Officers Association Building) and Jamison
says that the three “were all targets of a secret federal grand jury
investigation in 2003” into the police station bombing. It might not
surprise you that, before retiring, Machtinger was a professor at North
Carolina Central University and Teaching Fellows Director at University
of North Carolina, Chapel Hill’s School of Education. According to
Jamison, Ayers, Dohrn, and Machtiger all refused repeated requests to
comment on the case.
Or
take former Black Panther party grandee Ericka Huggins, who is now a
professor of women’s studies at California State University, a professor
of sociology at Laney and Berkeley City College, and, according to one official biography, a “human rights activist.” In 2011, students at the University of Kentucky could receive extra credit
for attending a lecture by Huggins, described as a “political prisoner
and human rights activist.” It does not seem to bother these
universities that in 1970 Huggins was brought to trial on charges of
“aiding and abetting” the murder of Alex Rackley, a fellow Panther they
wrongly believed to be a police informant. She was acquitted.
But
a few salient facts aren’t disputed: After days of “interrogation,”
Rackley was brutally tortured—beaten mercilessly, boiling water poured
on his naked body—and left to marinate in his own blood, urine, and
feces. As a warning to other “traitors,” one torture session was
audiotaped. In the scratchy recording recovered by police, Huggins can
be heard recalling when she “began to realize how phony [Rackley] was
and that he was either an extreme fool or a pig, so we began to ask
questions with a little force and the answers came out after a few
buckets of hot water.” During the session, Rackley was tied to his chair
with a gun pointed at him. As he shifted nervously, Huggins snapped,
“Sit down motherfucker. Keep still.” (A copy of the tape was recently
discovered in a Connecticut house and can be listened to here).
After 16 years in prison, her sentence was commuted by President Bill Clinton and, not long after, the self-identified “human rights activist” took a position teaching at John Jay College.
In their book Murder in the Model City, authors Paul Bass and Douglas W. Rae describe
a broken Rackley being led out of the house two days after the taped
session, to be driven to his execution site in a nearby marsh: “From her
perch by the kitchen counter, Ericka Huggins, the highest- ranking
female Panther in town, watched [Panthers George] Sams and Warren
[Kimbro] walk Rackley out the door. Sam brandished the .45 automatic as
he held Rackley’s arms, which were tied together with ropes.” Warren
Kimbro shot Alex Rackley in the head. He later confessed to the murder
and was sentenced to life in prison, but only served four years. By
1975, he was an assistant dean at Eastern Connecticut State University.
After
years on the run, having been indicted for her involvement in the
Brinks robbery and murder in Nyack, Weather Underground member Susan
Rosenberg was caught in 1985 moving “740 pounds of dynamite and weapons,
including a submachine gun,” according to the New York Times,
from her car into a storage locker. After 16 years in prison, her
sentence was commuted by President Bill Clinton and, not long after, the
self-identified “human rights activist” took a position teaching at
John Jay College. After her contract wasn’t renewed, she found a perch
at Hamilton College, though furious opposition by some faculty members
forced the administration to withdraw the offer. But no hard feelings
from the John Jay College of Criminal Justice Interdisciplinary Studies
Program, which in 2011 invited students “to a celebration of Susan Rosenberg” upon the release of her memoir.
Former
Weather Underground member Eleanor Raskin, who fled after being
indicted for bomb making in the 1970s, is an associate professor at
Albany Law School. In 1981, Raskin and her husband were arrested in
connection with an explosives cache uncovered two years earlier by New
Jersey police (her husband was placed on probation; the charges against
Raskin were dropped). After years in hiding, Mark Rudd, a Weather leader
who also fled indictment and went “underground,” turned himself in 1977
and was sentenced to two years’ probation. He later taught at Central
New Mexico Community College.
And on it goes. Perhaps you detect a pattern developing here?
They might have been violent charlatans, but they were violent charlatans in search of a better society.
They might resist providing a full and proper accounting of their
crimes, but most will concede that their tactics might have been
misguided and offer qualified repentance, but insist that their instincts were correct.
So
go ahead and commit a crime, “expropriate” a bank. Just make sure you
leave an incoherent manifesto at the scene, claiming that you’re
shooting your guns and filling your pockets with loot for the people. When caught, you won’t be a convicted murderer, but a “political prisoner.” And when released, you can be a college professor.
http://www.thedailybeast.com/articles/2013/04/10/how-1960s-radicals-ended-up-teaching-your-kids.html
http://www.thedailybeast.com/articles/2013/04/10/how-1960s-radicals-ended-up-teaching-your-kids.html
EPA acknowledges releasing personal details on farmers, senator slams agency
According to a document obtained by FoxNews.com, the EPA said “some of the personal information that could have been protected … was released." Though the EPA has already sent out the documents, the agency now says it has since redacted sensitive details and asked the environmental groups to “return the information.”
But Sen. John Thune, who originally complained about the release, slammed the EPA for trying to retroactively recover the sensitive data.
"It is inexcusable for the EPA to release the personal information of American families and then call for it back, knowing full well that the erroneously released information will never be fully returned," he said in a statement to FoxNews.com. "While EPA acknowledging that it erred is a first step, more must be done to protect the personal information of our farmers and ranchers now and in the future. I will continue to demand answers from the EPA on how this information was collected and why it is still being distributed to extreme environmental groups to the detriment of our farm and ranch families."
The information on livestock and produce farmers was sought through a Freedom of Information Act request by the groups Earth Justice, the Natural Resources Defense Council and the Pew Charitable Trust. The groups, which have not commented on whether they plan to return the documents, were originally given information on roughly 80,000 farmers and ranchers.
The agency acknowledged the information included individual names, email addresses, phone numbers and personal addresses.
Thune, of South Dakota, where 500 farmers and ranchers had their information made public, sent a letter Monday to the EPA requesting the agency answer a list of questions -- including whether agency officials reviewed the information to see whether the release complied with the federal Privacy Act of 1974.
“The EPA has threatened the health and safety of agriculture producers and their families and has damaged the security of our food system,” Thune said. “There is a growing gap of trust between America’s farm and ranch families and the EPA. Much of this lack of trust is due to EPA’s aggressive regulatory agenda.”
Other concerns expressed by Thune, farm bureaus and others include whether the EPA first consulted with the departments of Agriculture and Homeland Security, which had already advised against compiling a public database with similar information and whether the EPA still intends to create such a record.
“Does the EPA intend to gather any more personal information on livestock producers?” Thune asked in his letter to agency Acting Administrator Bob Perciasepe.
The EPA said the data was related to farms in 29 states with “concentrated animal feeding operations” and that the released information was part of the agency’s commitment to “ensure clean water and public-health protection.”
The groups wanted the information, they say, because such large-scale operations are a major source of water pollution and they want to hold the EPA accountable for enforcing the Clean Water Act.
Critics have characterized Earth Justice and the organizations as being “extremist groups” and say the released information included data on family farmers who feed fewer than 1,000 animals, which excludes them from having to comply with the Act.
“This information details my family’s home address,” J.D. Alexander, a Nebraska cattle farmer and former president of the National Cattlemen's Beef Association, told FarmFuture.com. “The only thing it doesn’t do is chauffeur these extremists to my house.”
In response, Jon Devine, an attorney, wrote in a blog for the Natural Resources Defense Council: "The most irresponsible charge made by NCBA is that providing this information to public interest groups somehow may facilitate criminal acts against facilities. That accusation is entirely unwarranted. NRDC and Pew condemn such illegal activities."
The EPA said the majority of the data was already publicly available through state databases, web sites and federal and state permits, or is required to be released under federal or state law.
However, in response to privacy concerns raised by agricultural groups, the agency redacted sections of information from 10 of the 29 states that contained some personal data, the release said.
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