Tuesday, February 28, 2017

Converting to Freedom?

To switch from music to economics might sound like moving from the sublime to the dismal. Yet as paradoxical as it seems, economics is what enabled me finally to deliver something like Bach’s answer about my own work. As a Catholic dedicated to the welfare of those at the periphery of society, I am an expert witness to the fact that there has never been a better system than free enterprise for empowering real people to pull themselves out of poverty. There has never been a better system to allow people to unlock the unique sense of dignity that comes with earning their own way, deploying their talents to serve their community, colleagues or customers, and taking home justifiable pride in—and rewards for—their efforts. And there is no reason, if we are serious about our Christian apostolate, that free enterprise should become an idol in itself, impoverish anyone or capture our souls.

It's a Big Old Crazy Entitlement Spending World

From 1975 to 2015, social spending by federal and state governments quadrupled in constant dollars, to more than $1 trillion. America now spends enough to give every person in poverty more than $20,000 per year. And yet lamentations for a collapsing safety net are rising in both volume and pitch.

Read more at: http://www.nationalreview.com/article/439796/medicaid-spending-problems-abound-reform-vehemently-resisted?target=topic&tid=2430

Some perspective: We’re spending more than seven times as much on improper, illegal federal payments as we do on NASA. We’re spending nearly 20 times as much on improper, illegal federal payments as we do on the National Science Foundation. We could build 13 Ford-class aircraft carriers every year for what we are spending on improper and illegal payments driven by Obamacare. We’re spending twice as much on improper and illegal payments as it would cost to pay all the tuition costs of every American college student. (Not that having Uncle Stupid do that is a good idea.) If improper and illegal federal payments were an economy of their own, that economy would be bigger than Hungary’s and and more than twice the size of Guatemala’s.

Read more at: http://www.nationalreview.com/article/439919/medicaid-fraud-staggering-cost-140-billion

Tuesday, February 21, 2017

Good for the Obama Goose?

But more to the point, it was McCain up to his old tricks: Ingratiating himself to the anti-Trump press by playing its champion, in a bid to be the media's darling.

What stands out here is the hypocrisy of his claims. He's suddenly concerned about press freedoms and dictators?

Where was McCain when President Obama was systematically violating press freedoms every which way to Tuesday?

Seven examples of Obama's attacks on a free press spring to mind and not one of them drew any significant criticism from McCain.

Where was McCain when Fox News correspondent James Rosen was illegally followed around by Obama's Department of Justice in 2013 over a story he published on North Korean activities? It was a clear-cut example of reporters just doing their jobs, even as someone in government was leaking the story, but Team Obama went after Rosen with the Espionage Act.

Read more: http://www.americanthinker.com/blog/2017/02/where_was_mccain_when_obama_attacked_the_free_press.html#ixzz4ZM8VaIr0
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Sunday, February 12, 2017

Thoughts on AGW

The planet is getting warmer, human activity is a main factor, and the consequences will be catastrophic. It is here that the claims cease being mostly scientific in nature and begin to become political and economic questions. Unsurprisingly, it is here that the emotional tenor of the debate starts to become shrill, with visions of maritime nations lost, New York City under water, and the like. In truth, the IPPC predicts a warming, over the next century, of 13.5 degrees Celsius. Much of that warming, IPPC concludes, will take place at the poles; it will not be evenly distributed around the globe, and the organization writes that “on regional scales, confidence in future climate projections remains low. . . . The degree to which regional climate variability will change also remains uncertain.”

In economic terms, which Jim Manzi has 
considered extensively, the damage is equivalent to 12 percent of global GDP — a century from now. Yale economist Robert Mendelsohn concludes that the damage is more like 0.08–0.24 percent of global GDP — again, 100 years from now, when global GDP is expected to be many times larger than it is now. Real damage, to be sure, but something less than Armageddon. 


This is an old piece, but still sums up the situation.  They can't prove, but they have a strongly held belief that, human action is a cause of warming.  The warming of late is so small it is within the rather large margin of error in measurements.  There are several issues with the accuracy of the data - adjustments and assumptions made by the government keepers of the data sets often seeming like these are intentionally hidden.

The killer of any real AGW action though is - why bother?  How do we know what would happen if things warmed?  Who would it hurt, who would it help?  Never mind the matter who what would or could be done to mitigate human contributions to warming, who would enforce it, and why on earth would non-wealthy nations support these efforts?

Calm down, be ready if warming happens, be rich enough to adapt, focus on economic growth around the world to have options to help humankind in the event AGW real, causes big problems, and needs a world leader to intervention.

Obamacare Options

A better Republican strategy would be designed around Ryan’s stated goal. It would begin with the understanding that Obamacare’s worst features are its overregulation of health insurance and its centralization of regulation in Washington, D.C. The way Obamacare regulates insurers’ treatment of people with preexisting conditions, the benefits they have to offer, and the difference between what they can charge the young and the old have raised premiums and deductibles, resulted in insurance policies that are not attractive to the young and healthy, and so made the exchanges shaky at best in much of the country even with the help of the individual mandate.
Republicans already have a set of legislative ideas (if not yet actual legislation) that builds on that insight. The main Republican alternative to Obamacare — advanced in different forms by Senators Bill Cassidy, Orrin Hatch, Richard Burr, and Marco Rubio, by the House Republicans, and by Tom Price, Trump’s nominee to be secretary of health and human services — is to create a much less regulated market.

Opposed to Obamacare, Divided About Obamacare

The main problem is that Republicans are a diverse bunch who opposed Obamacare for a variety of reasons. Those most focused on shrinking the size and reach of the federal government thought Washington was already too involved in health care and should pull back, not expand its role or raise taxes to pay for new health spending. Those preoccupied with personal freedom balked at being required to buy health insurance. Others thought the widespread use of insurance to fund health care was already driving health spending too high and objected to further expanding health insurance. Still, others thought broadening health coverage was a desirable goal, but that the subsidies and regulations that Obamacare used to accomplish this goal were poorly designed and transferred too much power from the states to Washington. All of these Republicans could agree on trashing Obamacare, but they did not have a common intellectual basis for designing a replacement and they still don’t. 

Sunday, February 5, 2017

Gorsuch Is A Home Run

If Democrats are looking for a point of vulnerability in either Gorsuch’s integrity or impartiality, they won’t find it. He is basically a Boy Scout. He’s a faithful husband, a good father, a caring neighbor, a generous friend, a man of probity who holds himself to the highest ethical standards. Oh, and he will bring religious diversity to a Court that is entirely Catholic and Jewish: He’s an Episcopalian.
Gorsuch will be a hard man to depict as a ferocious partisan or an ideological judge, which isn’t to say he won’t be described this way by ideologically partisan critics for whom the prospect of a conservative intellectual giant on the Supreme Court is anything but welcome. As Gorsuch himself has frequently observed, including in a widely noted tribute to Scalia, good judges sometimes have to vote or rule in ways they do not like — because that is what the law requires.