Something to show those who think the rising national debt is no big deal…
The Federal Debt In Household Terms
January 12th, 2012Texas Senate Race Update for January 11, 2012
January 11th, 2012I expect the campaigns to start announcing Q4 fundraising results any day now, and I just sent off a list of interview questions to the Craig James campaign today. So here’s one final news roundup of the senate race before an expected avalanche of news.
Looking at James’ Twitter feed, he seems to have done a number of radio shows.
EuroDoom Roundup for January 11, 2012
January 11th, 2012The race to a Euro-crackup seems to have slowed down to merely a jaunty saunter this week. Maybe once everyone made it to the New Year without a sovereign default, the Eurocrats might have breathed a sigh, confident that there’s still a few miles yet before they went over the falls…
Germany could create a parallel currency—a new D-Mark, pegged at 1.0 to the euro. The German government would guarantee that holders of German government bonds could convert euro securities to new-D-mark instruments on a one-to-one basis up to some designated date, perhaps two years in the future. Private German contracts expressed in euros would switch to new-D-mark claims over the same period. The transition would likely feature a period in which the euro and new D-mark circulate as parallel currencies.
Other countries could follow a path toward reintroduction of their own currencies over a two-year period. For example, Italy could have a new lira at 1.0 to the euro. If all the euro-zone countries followed this course, the vanishing of the euro currency in 2014 would come to resemble the disappearance of the 11 separate European moneys in 2001.
Of course, this would mean that any bonds from the PIIGS with a maturity date more than two years in the future would trade at a heavy discount, but that’s far preferable to the looming Euro crash. But a bigger problem to this proposal actually being implemented is that it reverses the drive to centralize European bureaucracy, and Eurocrats will never stand for that.
(Hat tips: Insta, Ace (most of the Greek stories), and Sundry.)
Huckabee Endorses Dewhurst
January 10th, 2012This morning former Arkansas Governor Mike Huckabee endorsed David Dewhurst’s Senate campaign.
That’s a very good pickup for Dewhurst, and along with his previous Pro-Life endorsements, it shows that he’s doing better than expected among social conservatives.
In his endorsement, Huckabee said that “Lt. Gov. Dewhurst is a strong fiscal conservative, with a record to show for it,” However, Huckabee is not exactly known as a small government conservative. As far as I can tell, Dewhurst has yet to pick up any significant small government/budget cutting/Tea Party endorsements, which thus far Ted Cruz has monopolized (as well as picking up some social conservative endorsements of his own).
The MSM loves to play up the economic-conservatives-vs.-social-conservatives angle (primarily because they hate both, and intramural GOP brawls help increased the chances of their favored liberal candidates), but the most successful conservative politicians (Ronald Reagan most conspicuously) have been fusionists that embodied policies that appealed to both. Texas voters are socially conservative, but they also love low taxes and small government. Whoever wins the GOP nomination will have to appeal to both groups.
LinkSwarm for January 9, 2012
January 9th, 2012Like a squirrel hording nuts for winter, I’ve set aside a few tasty links for you to chew on:
Liberals have a rendezvous with regret. Their largest achievement is today’s redistributionist government. But such government is inherently regressive: It tends to distribute power and money to the strong, including itself.
Government becomes big by having big ambitions for supplanting markets as society’s primary allocator of wealth and opportunity. Therefore it becomes a magnet for factions muscular enough, in money or numbers or both, to bend government to their advantage.
[snip]
Not only does redistributionist government direct wealth upward; in asserting a right to do so, it siphons power into itself. A puzzling aspect of our politically contentious era is how little contention there is about the ethics of coercive redistribution by progressive taxation and other government “corrections” of social outcomes it considers unethical or unaesthetic.This reticence, in an age in which political reticence is rare, reflects the difficulty of articulating principled defenses of these practices. They go undefended because they are generally popular with a public that misunderstands their net effects and because the practices are the political class’s vocation today. The big winners from these practices are that class and the interests adept at collaborating with it.
Government uses redistribution to correct social outcomes that offend it. But government rarely explains, or perhaps even recognizes, the reasoning by which it decides why particular outcomes of consensual market activities are incorrect. When taxes are levied not to efficiently fund government but to impose this or that notion of distributive justice, remember: Taxes are always coerced contributions to government, which is always the first, and often the principal, beneficiary of them.
Call it The Dennis Moore Effect. “He steals from the poor, and gives to the rich…”
Hat tips: Real Clear Politics, Insta, Ace.
China Cuts TV By 2/3rds
January 5th, 2012“Chinese broadcasters have axed two-thirds of popular TV shows in line with a government directive to curb “excessive entertainment,” according to local media reports.”
“Air time will be filled instead with extended news bulletins and ‘programs that promote traditional virtues and socialist core values.'”
I don’t think you want to do that, sunshine. People like their TV, and they need something to distract them from China’s imploding economy, general unrest, specific unrest among the Muslim population, unequal sex ratios, Communist Party suppression of dissent, and the endemic corruption. You want to give them more circuses, not less. Do they really think that The Happy Socialist Progress Hour is an acceptable substitute for a popular drama or comedy, or can they just not afford circuses anymore?
And if they can no longer afford the circuses, how soon will it be before they can no longer afford the bread?
Williamson County Senate Forum Today (Wednesday, January 4, 11 AM)
January 4th, 2012I’m not sure if I mentioned this before, but there will be a Senate Forum put on by the Williamson County Republican Women today starting at 11 AM:
Wednesday, January 4, 2012
11:00 Registration
11:15 Buffet Opens
11:30 ForumMeeting Location: Williamson Conference Center
(behind the Wingate Hotel at I-35 and 79)
1209 North I-35
Round Rock, TX 78664MAP
Meeting Cost: $16 member/$20 non-member
Ted Cruz, Tom Leppert, Glenn Addison and Lela Pittenger will be attending. David Dewhurst will be ducking.
Texas Senate Race Update for January 3, 2012
January 3rd, 2012Very soon the candidates should be crowing about how much money they pulled in during Q4. In the meantime, here are few variegated updates for your political junkie pleasure:
The Case for Rick Perry
January 2nd, 2012Ace of Spades makes his case for Rick Perry here.
Since that piece came out December 19, it’s hardly cutting edge news. But I’ve been ruminating on it for a while to try and figure out if I have anything more to add. I think I do. And with the Iowa Caucuses looming, I probably should.
I haven’t covered much of the 2012 Presidential race, mainly because I’ve been focusing on the Texas Senate Race and everyone and their dog was blogging every twist in the POTUSA race.
OMG! Ron Paul is up 3 points!
Plus I don’t have cable, so I wouldn’t be able to watch the interminable numerous debates.
Finally, a baseball team the Astros can beat
Which is why I didn’t see Perry commit his brain freezes, of which there were many. (My theory is that he was still hopped up on goofballs from his back operation.)
Percocet makes me see tiny little Jim Hightowers, and I have to grab and crush each and every one of them
Having lived in Texas for the entirety of Rick Perry’s tenure as governor, I can attest that he is not a perfect candidate. There have been times (Gardasil, the Trans-Texas Corridor) when he’s strayed from conservative principles. And he’s not as polished as Mitt Romney or as articulate as Newt Gingrich.
But Perry isn’t running against the second coming of Ronald Reagan, or even Sarah Palin. Every other major Republican contender is not only at least as flawed, they’re considerably more so.
By process of elimination, that leaves Perry. As I said before, Perry isn’t perfect, but he has a record on holding the line on government spending and enabling job creation that puts Romney to shame. One again, let’s go to the charts that the indispensable Will Franklin of Willisms has provided on Texas job creation:
And the case for Perry over Romney (again thanks to WILLisms) is even more stark:
More on the Texas job success story here.
While I have criticized Perry’s campaign budget proposals for being too timid, Perry insisted on balancing the Texas budget without tax hikes. I assure you that California would love to have Texas’ budget. Indeed, adjusted for inflation, population growth, and federally-mandated spending, the Texas state budget has actually gone down under Perry. His guiding principle has been “don’t spend all the money,” and it’s one that Washington desperately needs.
One final, very big reason to support Perry: He can win. Perry’s never lost a race, because he’s a tough and tenacious campaigner who’s not afraid to hit his opponents hard. Everyone thought Kay Bailey Hutchison was going to cream Perry in the 2010 governor’s race, and he beat her like a rented mule.
Or maybe a rented donkey.
In the general election against Bill White, he ran an ad featuring a police widow talking about how her husband had been killed by a multi-arrested illegal alien while White was touting Houston as a “sanctuary city.”
Even professional MSM Perry hater Paul Burka says that Perry is a hard man. “He is the kind of politician who would rather be feared than loved.” Perry will have absolutely no fear of taking the fight to Obama and going negative early and often, and he won’t let political correctness cow him into treating Obama with kid gloves.
Will the media savage Rick Perry for his flubs? Of course they will. But, as Ace noted, they’ll always find a way to crucify any Republican candidate to make Obama look better. They’ll use the same “he’s an idiot” line of attack they used on Reagan and Bush43…and you saw how far that got them.
If you’re still undecided on Perry, this video should at least give you a more rounded picture of him:
For those who think Perry is already out of the race, remember that at this point in 2004, the consensus was that Howard Dean was going to be the nominee. There’s a reason Americans actually get to vote, and they frequently prove the pundits wrong.
One final reason to vote for Perry: he’s a pretty good shot.