Category Archives: Cato Institute

Open letter to President Obama (Part 584) If you blame the Sequester for blaming job growth then you don’t have a good grasp on economics

Open letter to President Obama (Part 584)

(Emailed to White House on 6-10-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The federal government debt is growing so much that it is endangering us because if things keep going like they are now we will not have any money left for the national defense because we are so far in debt as a nation. We have been spending so much on our welfare state through food stamps and other programs that I am worrying that many of our citizens are becoming more dependent on government and in many cases they are losing their incentive to work hard because of the welfare trap the government has put in place. Other nations in Europe have gone down this road and we see what mess this has gotten them in. People really are losing their faith in big government and they want more liberty back. It seems to me we have to get back to the founding  principles that made our country great.  We also need to realize that a big government will encourage waste and corruption. The recent scandals in our government have proved my point. In fact, the jokes you made at Ohio State about possibly auditing them are not so funny now that reality shows how the IRS was acting more like a monster out of control. Also raising taxes on the job creators is a very bad idea too. The Laffer Curve clearly demonstrates that when the tax rates are raised many individuals will move their investments to places where they will not get taxed as much.

______________________

If you blame the Sequester for blaming job growth then you don’t have a good grasp on economics.

When the monthly job numbers are released, most people focus on the unemployment rate.

On many occasions, I’ve cited that number, usually to point out that the unemployment rate is far higher than the Obama Administration promised it would be if the so-called stimulus was enacted.

That episode should be additional proof that Keynesian economics is misguided.

But that’s not the issue we should be worrying about now. Instead, our concern should be what appears to be a permanent reduction in the share of the working-age population that is employed.

As I explain in this interview for Blaze TV, our ability to produce is governed by the quality and quantity of labor and capital in the economy. Unfortunately, it appears that the Bush-Obama policies of bigger government have had a negative impact.

To build upon that interview, here are the very latest numbers from the Bureau of Labor Statistics.

To be fair, the drop you see on the chart started before Obama took office. But he can be fairly blamed for the fact that there’s been no recovery.

Obama Jobs Legacy

The moral of the story is that bigger government is not a recipe for prosperity.

The burden of government spending is too high, the tax code is too punitive, red tape is hindering entrepreneurship, and various handouts are creating a dependency culture that discourages work.

Should we be surprised that the employment-population ratio is grim?

___________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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Dan Mitchell’s tribute to Margaret Thatcher

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Dan Mitchell, Ron Paul, and Milton Friedman on Immigration Debate (includes editorial cartoon)

I like Milton Friedman’s comments on this issue of immigration   and Ron Paul and Dan Mitchell do well on the issue too. Question of the Week: What’s Your Take on the Immigration Debate? April 7, 2013 by Dan Mitchell A reader from overseas wonders about my views on immigration, particularly amnesty. I confess that this is one of […]

Dan Mitchell on Texas v. California (includes editorial cartoon)

We should lower federal taxes because jobs are going to states like Texas that have low taxes. What Can We Learn by Comparing the Employment Situation in Texas vs. California? April 3, 2013 by Dan Mitchell One of the great things about federalism, above and beyond the fact that it both constrains the power of governments […]

Cartoons from Dan Mitchell’s blog on Obamacare

Third-Party Payer is the Biggest Economic Problem With America’s Health Care System Published on Jul 10, 2012 This mini-documentary from the Center for Freedom and Prosperity Foundation explains that “third-party payer” is the main problem with America’s health care system. This is why undoing Obamacare, while desirable, is just a small first step if we […]

Obamacare cartoons from Dan Mitchell’s blog

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. The funniest cartoon is the one with “Nurse Sebelius” stuffing the huge capsule down the kid’s throat!!! Obamacare […]

Editorial cartoon from Dan Mitchell’s blog on California’s sorry state of affairs

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Dan Mitchell of the Cato Institute:HUD has to go!!!! (includes political cartoon)

You want a suggestion on how to cut the government then start at HUD. I would prefer to eliminate all of it. Here are Dan Mitchell’s thoughts below: Sequestration’s Impact on HUD: Just 358 More Days and Mission Accomplished March 12, 2013 by Dan Mitchell As part of my “Question of the Week” series, I had […]

Dan Mitchell: Cartoonists React to the Senate Democratic Budget

I read that President Obama in his meetings with the Republicans would not even say that a balanced budget was a goal. According to the budget presented by the Democratic Senate he is in agreement with their approach. Cartoonists have taken the opportunity to poke fun at that below. I  have put up lots of cartoons […]

Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 6

  I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the sequester, economy, eternal unemployment benefits, socialism,  minimum wage laws, tax increases, social security, high taxes in California, Obamacare,  Greece,  welfare state or on gun control. Here is another one. This Cartoon Does […]

Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 3.3 (Unemployment laws)

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. The Perverse Unintended Consequences of Anti-Discrimination Laws February 23, 2013 by Dan Mitchell I recently wrote about the pinheads […]

By Everette Hatcher III | Posted in Cato Institute, Current Events, Economist Dan Mitchell, spending out of control | Edit | Comments (0)

“Friedman Friday” Milton Friedman had a solution to the welfare state!!!

I have written about the tremendous increase in the food stamp program the last 9 years before and that means that both President Obama and Bush were guilty of not trying to slow down it’s growth. Furthermore, Republicans have been some of the biggest supporters of the food stamp program. Milton Friedman had a good solution to help end the welfare state and wish more people would pay attention to it.   Growing government also encourages waste and hurt growth but more importantly it causes people to become dependent on the government as this article and cartoon below show.

My great fear is that the “social capital” of self reliance in America will slowly disappear and that the United States will turn into a European-style welfare state.

That’s the message in the famous “riding in the wagon” cartoons that went viral and became the most-viewed post on this blog.

Well, this Glenn McCoy cartoon has a similar theme.

Obama Voter Cartoon

The only thing I would change is that the rat would become a “pro-government voter” or “left-wing voter” instead of an “Obama voter.” Just like I wasn’t satisfied with an otherwise very good Chuck Asay cartoon showing the struggle between producers and moochers.

That’s for two reasons. First, I’m not partisan. My goal is to spread a message of liberty, not encourage people to vote for or against any candidate.

Second, I’ve been very critical of Obama, but I was also very critical of Bush. Indeed, Bush was a bigger spender than Obama! And Clinton was quite good, so party labels often don’t matter.

But I’m getting wonky. Enjoy the cartoon and feel free to share it widely.

Eight Reasons Why Big Government Hurts Economic Growth

Uploaded on Aug 17, 2009

This Center for Freedom and Prosperity Foundation video analyzes how excessive government spending undermines economic performance. While acknowledging that a very modest level of government spending on things such as “public goods” can facilitate growth, the video outlines eight different ways that that big government hinders prosperity. This video focuses on theory and will be augmented by a second video looking at the empirical evidence favoring smaller government.

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Tell the 48 million food stamps users to eat more broccoli!!!!

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Obama promotes food stamps but Milton Friedman had a better suggestion

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400% increase in food stamps since 2000

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Food stamp spending has doubled under the Obama Administration

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Which states are the leaders in food stamp consumption?

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Why not cancel the foodstamp program and let the churches step in?

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Food Stamp Program is constantly ripped off and should be discontinued

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The Welfare trap can be destroyed by Milton Friedman’s negative income tax

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Milton Friedman explains negative income tax to William F. Buckley in 1968

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Why are despicable people sometimes subsidized by taxpayers?

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“Friedman Friday” Transcript and video of Milton Friedman on Bill Clinton and Ronald Reagan (Part 1)

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What were the main proposals of Milton Friedman?

We got to get back to what the Founding Fathers wanted and let States take care of themselves and we need to get rid of the Dept of Transportation!!!!

___________

We got to get back to what the Founding Fathers wanted and let States take care of themselves  and we need to get rid of the Dept of Transportation!!!!

More than three years ago, I wrote that the Department of Transportation should be dismantled for the simple reason that we’ll get better roads at lower cost with the federalist approach of returning responsibility to state and local governments.

I echoed those sentiments in this CNBC interview.

Dan Mitchell Arguing to Get Washington out of the Transportation Sector

Since there’s only an opportunity to exchange soundbites in these interviews, let me elaborate on some of the reasons why transportation should be a state and local responsibility.

1. Washington involvement is a recipe for pork and corruption. Lawmakers in Congress – including Republicans – get on the Transportation Committees precisely because they can buy votes and raise campaign cash by diverting taxpayer money to friends and cronies.

mitchells-first-theorem-of-government2. Washington involvement in transportation is just the tip of the iceberg. As I said in the interview, the federal budget is mostly a scam where endless streams of money are shifted back and forth in leaky buckets. This scam is great for insiders and bad news for taxpayers.

3. Washington involvement necessarily means another layer of costly bureaucracy. And this is not a trivial issues since the Department of Transportation is infamous for overpaid bureaucrats.

4. Washington involvement gives state and local politicians an excuse to duck responsibility for low-quality infrastructure. Why make adult decisions, after all, when you can shift the blame to DC for not providing enough handouts.

While I think I made some decent points in the interview, I should have addressed the assertion that our infrastructure is falling apart. My colleague at the Cato Institute, Chris Edwards, effectively dealt with this scare tactic in his recent Congressional testimony.

I also should have pointed out that a big chunk of the gas tax is diverted to boondoggle mass transit projects.

Last but not least, I’m disappointed that I failed to connect some very important dots. Gov. Rendell and the CNBC host both fretted that the current system isn’t producing a desirable outcome, but they’re the ones advocating for a continuation of the status quo! Heck, they want even more of the system that they admit doesn’t work.

Sigh.

P.S. While I obviously want to get rid of the Department of Transportation, it’s not at the top of my list for the most wasteful and counterproductive federal bureaucracy.

P.P.S. On a completely separate topic, I can’t resist sharing this Ramirez cartoon.

And since we’re making fun of our Statist-in-Chief, here’s some satire about the award Obama received from Steven Spielberg.

The teleprompters are a nice touch, reminiscent of some very amusing jokes here, here, here, and here.

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Open letter to President Obama (Part 581) Vouchers help poor kids (Great video by Milton Friedman)

Open letter to President Obama (Part 581)

(Emailed to White House on 6-25-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The federal government debt is growing so much that it is endangering us because if things keep going like they are now we will not have any money left for the national defense because we are so far in debt as a nation. We have been spending so much on our welfare state through food stamps and other programs that I am worrying that many of our citizens are becoming more dependent on government and in many cases they are losing their incentive to work hard because of the welfare trap the government has put in place. Other nations in Europe have gone down this road and we see what mess this has gotten them in. People really are losing their faith in big government and they want more liberty back. It seems to me we have to get back to the founding  principles that made our country great.  We also need to realize that a big government will encourage waste and corruptionThe recent scandals in our government have proved my point. In fact, the jokes you made at Ohio State about possibly auditing them are not so funny now that reality shows how the IRS was acting more like a monster out of control. Also raising taxes on the job creators is a very bad idea too. The Laffer Curve clearly demonstrates that when the tax rates are raised many individuals will move their investments to places where they will not get taxed as much.

I have written about 66 heroes of mine in the House of Representatives that voted “no” on your debt ceiling increase request in 2011. I AM VERY PROUD OF THE FREE TRADE HEROES MENTIONED IN THE ARTICLE BELOW. Many of these same heroes voted against the proposal to raise the debt ceiling too. Lord knows I have written a lot about that in the past. . I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

I have written and emailed Senator Pryor over, and over again with spending cut suggestions but he has ignored all of these good ideas in favor of keeping the printing presses going as we plunge our future generations further in debt. I am convinced if he does not change his liberal voting record that he will no longer be our senator in 2014.

I have written hundreds of letters and emails to you and I must say that I have been impressed that you have had the White House staff answer so many of my letters. The White House answered concerning Social Security (two times), Green Technologieswelfaresmall businessesObamacare (twice),  federal overspendingexpanding unemployment benefits to 99 weeks,  gun controlnational debtabortionjumpstarting the economy, and various other  issues.   However, your policies have not changed, and by the way the White House after answering over 50 of my letters before November of 2012 has not answered one since.    You are committed to cutting nothing from the budget that I can tell.

 I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

THIS BRINGS ME TO ONE OF MY BIGGEST ECONOMIC HEROES AND IT IS THE LATE MILTON FRIEDMAN. Friedman had such revolutionary policies such as eliminating welfare and instituting the negative income tax and putting in school vouchers.

The problem in Washington is not lack of revenue but our lack of spending restraint. This video below makes that point.

Milton Friedman on School Vouchers

Milton Friedman was right after all.

March 1, 2013 9:00AM

Yes, School Choice Does Help Poor Kids

Yesterday, WaPo’s Valerie Strauss accused scholarship tax credit (STC) programs of operating as Reverse Robin Hoods, robbing from the poor to give to the rich.

Call it welfare for the rich. Why? Wealthy businesses and individuals are the folks who get the tax credits for putting up the cash to pay the tuition. Furthermore, the amount of money for tuition made available for tuition by private scholarship organizations often does not actually cover the full cost of attending a private school. Poor families can’t make up the difference. Guess who can.

The reality is almost exactly the opposite. Donors are not benefitting financially at the expense of the poor or anyone. And while it is true that tax-credit scholarships do not always cover the full cost of tuition at private schools, thanks to low-cost options and needs-based tuition breaks, low-income families are the primary beneficiaries of STC programs.

STC Donors Do Not Benefit Financially

It is odd to claim that “wealthy businesses” are financially benefitting by receiving a tax credit for their donations. Even a 100% tax credit means that they are simply no worse off than before. A corporation with a $10,000 tax liability that made a $10,000 donation to a scholarship organization would then owe no state taxes but it would still have $10,000 less than it did before. Whether the $10,000 went to the government or a nonprofit is irrelevant to its bottom line.

Moreover, Strauss fails to mention that most state STC programs do not grant 100% credits. In fact, only four of the fourteen STC programs do. The other credits range from 50% to 90%. In these states, corporations would be better off financially if they merely paid their taxes.

STC Programs Benefit Low-Income Students

It is telling that Strauss provides only one example to support her claim that rich people benefit from the scholarships instead of the poor: “[Pennsylvania families] eligible to receive money to pay private tuition can earn more than $72,000…”

The key words in that sentence are “can earn.” The relevant question is how much do the families of scholarship recipients actually earn.  The nonpartisan Pennsylvania Legislative Budget and Finance Committee reported in 2010 that the average scholarship recipient’s family earned only $29,000 annually, less than half of what the program allowed at the time.

The available evidence shows that Pennsylvania is not unique. Scholarship recipients in Florida must earn less than 185% of the federal poverty line, which is the income threshold for the federal government’s free and reduced lunch program. Nevertheless, the average annual household income of Floridian scholarship recipients is only $24,250, just 12.3% above the federal poverty line. And though Arizona’s corporate STC program has no means-testing requirement, a 2011 study found that more than two-thirds of scholarship recipients earned less than 185% of the federal poverty line.

There is clear evidence that students benefit by participating in educational choice programs. Numerous randomized-controlled studies have demonstrated that students in choice programs exhibit higher academic performance while additional studies have found higher graduation rates, increased college enrollment, and increased civic-mindedness.

Conclusion

It should be noted that in addition to Strauss’ central arguments, her broadside contained numerous significant inaccuracies. Contrary to Strauss’ assertions, scholarship tax credit programs are not the same as vouchers. They differ greatly in terms of their funding mechanisms and administration. Moreover, the U.S. Supreme Court has ruled that STC programs use private money not public money. Every state supreme court to address the matter has agreed. Finally, well-designed STC programs such as those in Arizona, Florida, and Pennsylvania actually save states money by decreasing state expenditures more than they decrease state tax revenue.

Under the status quo, wealthy families already have school choice while low-income families do not. Wealthy families can afford to live in districts with high-performing government schools or send their children to private schools. By contrast, low-income families generally only have one choice: the local assigned government school.

The good news is that scholarship tax credit programs work as intended. As the Washington Post editorial board understands, STC programs expand educational opportunities for low-income families, empowering them to meet the individual needs of their children.

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 46)

  Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 46) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 45)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 45) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 44)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 44) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 43)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 43) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 42)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 42) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 41)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 41) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 40)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 40) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 39)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 39) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 38)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 38) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 37)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 37) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 36)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 36) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 35)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 35) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 34)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 34) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 33)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 33) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 32)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 32) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 31)

Congressmen Tim Huelskamp on the debt ceiling Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 31) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative […]

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 30)

Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 30) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 29)

 Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 29) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, but […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 28)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 28) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 27)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 27) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 26)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 26) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 25)

Uploaded by RepJoeWalsh on Jun 14, 2011 Our country’s debt continues to grow — it’s eating away at the American Dream. We need to make real cuts now. We need Cut, Cap, and Balance. The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 25) This post today is a part of a series […]

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 23)

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 22)

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 21)

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The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 20)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 20) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 19)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 19) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 18)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 18) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 17)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 17) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 16)

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 16) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from a representative who agrees with the Tea Party, […]

The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 15)

Sen Obama in 2006 Against Raising Debt Ceiling The Sixty Six who resisted “Sugar-coated Satan Sandwich” Debt Deal (Part 15) This post today is a part of a series I am doing on the 66 Republican Tea Party favorites that resisted eating the “Sugar-coated Satan Sandwich” Debt Deal. Actually that name did not originate from […]

By Everette Hatcher III | Posted in spending out of control | Edit | Comments (0)

______________________

Open letter to President Obama (Part 580) Cartoons on current scandals!!!

Open letter to President Obama (Part 580)

(Emailed to White House on 6-10-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The federal government debt is growing so much that it is endangering us because if things keep going like they are now we will not have any money left for the national defense because we are so far in debt as a nation. We have been spending so much on our welfare state through food stamps and other programs that I am worrying that many of our citizens are becoming more dependent on government and in many cases they are losing their incentive to work hard because of the welfare trap the government has put in place. Other nations in Europe have gone down this road and we see what mess this has gotten them in. People really are losing their faith in big government and they want more liberty back. It seems to me we have to get back to the founding  principles that made our country great.  We also need to realize that a big government will encourage waste and corruption. The recent scandals in our government have proved my point. In fact, the jokes you made at Ohio State about possibly auditing them are not so funny now that reality shows how the IRS was acting more like a monster out of control. Also raising taxes on the job creators is a very bad idea too. The Laffer Curve clearly demonstrates that when the tax rates are raised many individuals will move their investments to places where they will not get taxed as much.

______________________

With so many scandals percolating, there are lots of good cartoons being produced.

But I think this Chip Bok gem deserves special praise.

It manages to weave together both the costly Obamacare boondoggle with the reprehensible politicization of the IRS.

So BOHICA, my friends.

IRS Obamacare

If you want other Chip Bok cartoons, click herehereherehereherehere (my favorite), here and here.

And for cartoons that mix the IRS and Obamacare, click herehere, and here.

For the past 30 or so years, I’ve done my own taxes by hand. I thought this was a good approach because it would help me better understand the practical challenges of the tax code.

Bravest man IRS

Dan Mitchell has dropped out of this contest

But it’s time to confess that I broke down and used Turbotax for yesterday’s tax return.

It’s not that my financial affairs are complicated. I basically get my Cato salary and a bit of income from speeches and articles. But even that became too much of a challenge. The tipping point was the form for Health Savings Accounts. The IRS is yelling at me for how I filled out this form in past years, and I fear that I will be perpetually in their cross hairs without relying on a computer program to avoid mistakes.

To help me deal with yesterday’s traumatic experience, I’m sharing some very good cartoons.

We’ll start with one from Gary Varvel.

IRS Cartoon 1

Sort of the visual version of this letter-to-the-editor.

Our next cartoon, which may be my favorite of the group, is from Glenn McCoy.

IRS Cartoon 2

By the way, if you don’t think the IRS is capable of thuggery, read this horrifying story.

I don’t know Paul Fell’s work, but this next cartoon is a very good introduction.

IRS Cartoon 3

This is the second time the grim reaper has appeared in a cartoon. The first time involved the death tax.

Last but not least, we have a Chip Bok cartoon about tax code complexity.

IRS Cartoon 4

As a bonus, it also features the complexity of Obamacare. If you like cartoons that mix the IRS and Obamacare, check out this classic from Glenn McCoy and this gem by Gary Varvel.

If you still need to be cheered up, here’s some more IRS humor to brighten your day, including the IRS version of the quadratic formula, a new Obama 1040 form, a list of tax day tips from David Letterman, a cartoon ofhow GPS would work if operated by the IRS, an IRS-designed pencil sharpener, a sale on 1040-form toilet paper (a real product), and two songs about the tax agency (here and here),  and a PG-13 joke about a Rabbi and an IRS agent.

Painfully Funny

April 21, 2010 by Dan Mitchell

This would be much more enjoyable if it weren’t true.

 

_____________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Open letter to President Obama (Part 577)

Open letter to President Obama (Part 577)

(Emailed to White House on 6-25-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The federal government debt is growing so much that it is endangering us because if things keep going like they are now we will not have any money left for the national defense because we are so far in debt as a nation. We have been spending so much on our welfare state through food stamps and other programs that I am worrying that many of our citizens are becoming more dependent on government and in many cases they are losing their incentive to work hard because of the welfare trap the government has put in place. Other nations in Europe have gone down this road and we see what mess this has gotten them in. People really are losing their faith in big government and they want more liberty back. It seems to me we have to get back to the founding  principles that made our country great.  We also need to realize that a big government will encourage waste and corruptionThe recent scandals in our government have proved my point. In fact, the jokes you made at Ohio State about possibly auditing them are not so funny now that reality shows how the IRS was acting more like a monster out of control. Also raising taxes on the job creators is a very bad idea too. The Laffer Curve clearly demonstrates that when the tax rates are raised many individuals will move their investments to places where they will not get taxed as much.

______________________

We got to stop wasting money on stupid federal government programs!!

Animated Squirrels, Prunes, and Doggie Hair Gel: Your Tax Dollars at Work

Ingram Publishing/Newscom

Ingram Publishing/Newscom

The federal government has spent more than $3 billion over the past 35 years to help multinational agriculture businesses with their overseas marketing. Taxpayers pay about $200 million per year to fund these business activities, which companies could do on their own.

Apparently, at least to most House Members, the proper role of federal government is to help fund reality shows and dinner parties featuring California prunes.

A few weeks ago, the House had an opportunity to repeal the Market Access Program, one of the most egregious corporate welfare programs, when it voted on a key amendment during its original farm bill debate. But by an astonishing 322–98 vote, the House rejected this amendment.

Here are just some things that taxpayer dollars have helped pay for through the Market Access Program:

  • International wine tastings in places such as London and Denmark. To be fair, at least one of the wine tastings was “educational,” according to the Department of Agriculture.
  • Whiskey tasting in Hong Kong.
  • Japanese “Tweet While You Eat” campaign to promote U.S. beef.
  • Dinner party for food critics in New Delhi to discuss prunes.
  • Animated series to promote California walnuts in Spain. The series features a squirrel named Super Twiggy who throws walnuts at his enemy, the Colesterator. The animated series may not increase walnut consumption, but in the event anyone watches, it has a chance of increasing the number of Spanish children who throw walnuts at each other.
  • Let’s Design, a reality series in India where fashion designers use cotton for their outfits. According to the Cotton Council International, which received the money, the program was designed to promote cotton in general, not U.S. cotton—so American taxpayers get to promote commodities for other countries too.
  • Organic hair products for cats and dogs.

The Market Access Program is the epitome of corporate welfare and fiscal irresponsibility. Even Super Twiggy and the Colesterator would likely agree that the Market Access Program needs to be repealed.

_____________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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By Everette Hatcher III | Posted in President Obama | Edit | Comments (0)

Open letter to President Obama (Part 576) The Rich and Famous at the Farm Bill Trough

Open letter to President Obama (Part 576)

(Emailed to White House on 6-6-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

I have been writing on my blog for over two years now concerning the disturbing trend of more and more people becoming dependent on the federal government for more of their income than ever before. This encourages laziness in my view and in the case of the food stamp system many people find themselves in what Milton Friedman calls the “Welfare Trap.”  (Much of this trend started under President Bush and had Republican support.) I wanted to point out that we should cut back on government spending and let the private economy do it’s magic.

States should vote down federal spending on farm bill and return more control to states!!!!

Some say here in Arkansas that we have to do whatever it takes to support Riceland Foods, but in other states they try to protect federal government handouts to their biggest companies. We need politicians to stop looking out for just their states selfishness wants and vote for what is good for the country. It is in the best interest of all 50 states that we cut back on excessive federal spending and return more dollars to the local states for them to spend. Ronald Reagan rightly pointed out that the founding fathers favored more local control and a more limited federal government for good reason.

May 29, 2013 at 1:00 pm

Joe Sohm Visions of America/Newscom

Joe Sohm Visions of America/Newscom

Congress is considering the renewal of massive agriculture subsidies that proponents characterize as a crucial “safety net” for struggling family farms. In fact, most of the taxpayer support is actually pocketed by the well-to-do, including former President Jimmy Carter, the current Secretary of the U.S. Department of Agriculture (USDA), and the families of members currently serving on the House and Senate Agriculture Committees.

Subsidies flowing to the likes of Carter, USDA Secretary Tom Vilsack, and other relatively wealthy farm owners demonstrate just how incoherent the subsidy regime has become. New legislation in both the House and the Senate would eliminate some long-standing “direct” payments, but both bills would also establish new, potentially more costly revenue and price “protections.”

Despite record-high farm income and record-low debt, farm-state politicians and agriculture lobbyists insist that taxpayers continue to forfeit their earnings to highly successful agricultural enterprises such as Carter’s Farms, Inc., of Plains, Georgia. According to government data compiled by the Environmental Working Group (EWG), the farm owned by former President Carter and his family collected $272,288 in subsidy payments from 1995 through 2012.

During that same period, Vilsack received $82,874 in USDA benefits for his 592-acre farm in Davis County, Iowa. And USDA Under Secretary Michael T. Scuse owns 20.8 percent of a farm in New Castle County, Delaware, upon which taxpayers have lavished $1,051,107 from 1995 through 2012.

There are no farms in Manhattan, but residents there have collected subsidies totaling nearly $9 million in the past seven years. Recipients also include Mark F. Rockefeller ($356,018) and David Rockefeller ($591,057). Yes, the Rockefeller family (Standard Oil, Chase Manhattan Bank, etc.).

Over on the West Coast, in Beverly Hills 90210, the estate of comedian Jack Benny has collected $18,120 for a farm in Madera County, California, while $142,933 was paid to Mary Ann Mobley (Miss America of 1959) for a farm in Madison County, Mississippi.

These examples are not exceptions but the norm. The USDA’s Economic Research Service reports that two-thirds of the farms with income exceeding $1 million annually received government payments averaging $54,745 in 2011. Meanwhile, just 27 percent of farms with income of less than $100,000 received payments—averaging just $4,420 in 2011.

The top recipient of subsidies in the EWG data base is Riceland Foods, Inc., self-described as “the world’s largest miller and marketer of rice.” It collected $554,343,039 between 1995 and 2012. According to news reports, Riceland reported sales of $1.16 billion during 2011–2012, the fifth consecutive year of billion-plus revenues for the company.

The subsidies collected by large enterprises make it more difficult for small farms to stay in business. The flow of free dollars to big farms increases demand for farmland, which, in turn, raises the price of property. Smaller players and newcomers are priced out or left to compete in niche markets.

Members of Congress and their families routinely collect subsidies as well. For example, Lynda L. Lucas, the wife of House Agriculture Committee chairman Frank Lucas (R–OK), collected $40,613 in payments for their farm in Roger Mills County, Oklahoma. (Lucas has served on the Agriculture Committee since he was first elected in 1994. He became chairman in 2011. Lynda Lucas has received four payments between 1999 and 2003, a fifth in 2007, a sixth in 2011, and a seventh in 2012.)

Likewise, the Iowa family farm of Senator Charles Grassley (R–IA) has collected $955,192 in taxpayer subsidies from 1995 through 2012. (Grassley served on the Agriculture Committee since 1992. The Grassley farm has received payments each year from 1995 to 2012, according to the EWG.)

The payments have proved irresistible even to environmental groups that openly criticize the impact of subsidies on land use. For example, the Nature Conservancy accumulated a whopping $4,795,786 from 1995 through 2012 despite its own findings that such payments promote the conversion of natural habitat to cropland—threatening wildlife in the process. The National Audubon Society collected $932,801 from 1995 through 2012, according to the EWG.

Serious reform is obviously needed, and the time for an overhaul is ripe. The USDA forecasts that net farm income will reach $128.2 billion this year, the highest level in four decades. At the same time, farmers’ debt levels have dropped to historic lows. This means agriculture is well insulated against the risks associated with commodity production, including adverse weather and economic fluctuations.

There are a host of nongovernmental methods with which farmers can manage risk, including futures contracts and hedging, crop diversification, credit reserves, and private insurance. Given the enormous burdens already shouldered by taxpayers, there is no justification for robbing millions of middle-class Peters to subsidize Jimmy, Tom, David, and all the other hugely successful owners of farmland.

 

_______________________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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Congress needs to remove subsidies from the farm bill, not expand them

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If increase in food stamps was just because of recession then why spending go from $19.8 billion in 2000 to $37.9 billion in 2007?

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Food stamp spending has doubled under the Obama Administration

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Agriculture Dept is bloated

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Which states are the leaders in food stamp consumption?

I am glad that my state of Arkansas is not the leader in food stamps!!! Mirror, Mirror, on the Wall, Which State Has the Highest Food Stamp Usage of All? March 19, 2013 by Dan Mitchell The food stamp program seems to be a breeding ground of waste, fraud, and abuse. Some of the horror stories […]

Open letter to President Obama (Part 255)

Government Must Cut Spending Uploaded by HeritageFoundation on Dec 2, 2010 The government can cut roughly $343 billion from the federal budget and they can do so immediately. __________   President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day […]

Mission accomplished!!! Rick Crawford joins Tea Party Republicans and votes against kick the can down the road “fiscal cliff deal”

  _________________ President Ronald Reagan wisely said: “The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution.” You would think that the Republicans who talk so much of cutting spending would try to get a plan that cuts spending 3 […]

Representative Crawford reads and responds to my letter

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By Everette Hatcher III | Posted in President Obama, Speaker of the House John Boehner, spending out of control, Taxes | Edit | Comments (0)

Open letter to President Obama (Part 574) Since Europe is struggling more than the USA then why are we copying European Socialism?

Open letter to President Obama (Part 574)

(Emailed to White House on 6-10-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The federal government debt is growing so much that it is endangering us because if things keep going like they are now we will not have any money left for the national defense because we are so far in debt as a nation. We have been spending so much on our welfare state through food stamps and other programs that I am worrying that many of our citizens are becoming more dependent on government and in many cases they are losing their incentive to work hard because of the welfare trap the government has put in place. Other nations in Europe have gone down this road and we see what mess this has gotten them in. People really are losing their faith in big government and they want more liberty back. It seems to me we have to get back to the founding  principles that made our country great.  We also need to realize that a big government will encourage waste and corruption. The recent scandals in our government have proved my point. In fact, the jokes you made at Ohio State about possibly auditing them are not so funny now that reality shows how the IRS was acting more like a monster out of control. Also raising taxes on the job creators is a very bad idea too. The Laffer Curve clearly demonstrates that when the tax rates are raised many individuals will move their investments to places where they will not get taxed as much.

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Will Rogers has a great quote that I love. He noted, “Lord, the money we do spend on Government and it’s not one bit better than the government we got for one-third the money twenty years ago”(Paula McSpadden Love, The Will Rogers Book, (1972) p. 20.)

Since Europe is struggling more than the USA then why are we copying European Socialism?

Several European nations are suffering from a fiscal crisis.

But that’s just part of the story.

They also have significantly lower incomes than the United States, with living standards about 30 percent-40 percent below American levels.

And while many people are upset about the 7.5 percent joblessness rate in the United States, we’re doing much better than our cousins across the ocean. The unemployment rate averages about 11 percent in the European Union.

Given all this news, you would think that most people would understand that European policy makers would be trying to copy the United States, and not the other way around.

But that would be a rash assumption. There are interventionists in America who want to impose European-style mandates for paid-vacation time.

Here’s some of what USA Today wrote about a new report on the issue.

Nearly one in four Americans (23%) has no paid vacation days, according to a report released today by the Center for Economic and Policy Research, a non-profit based in Washington, D.C. ”Relying on businesses to voluntarily provide paid leave just hasn’t worked,” says report co-author John Schmitt… The USA is the only advanced economy that does not require employers to provide paid vacation days, the report says. Many U.S. employers offer paid vacation days and holidays, but no law sets a minimum. The 27-member European Union requires employers to grant at least 20 paid vacation days a year.

The authors want people to conclude that America should be more like Europe.

You won’t be surprised to see that I offered a different opinion.

The center first analyzed vacation and holiday data six years ago. “It is striking that six years after we first looked at this topic, absolutely nothing has changed,” Schmitt says. “U.S law and U.S. employer behavior still lags far behind the rest of the rich countries in the world.” …Daniel Mitchell, a senior fellow at the Cato Institute, a Washington-based think tank, [said]. “When you make it more expensive to hire workers, fewer workers get hired.”

This is a classic example of good intentions leading to bad results.

Would it be nice if we could wave a magic wand and give all workers paid-vacation time? Of course.

Just like it would be nice if we could pass a law that raised everyone’s pay.

Or required employers to provide health insurance.

In the real world, however, these policies all have a cost. Some workers will lose jobs. Others will receive lower pay to offset the cost of paid vacation.

Sometimes the cost will be passed along to consumer. Simply stated, there’s no free lunch.

The moral of the story is that it’s not very advisable to copy Europe, particularly when we see Europe melting down before our eyes.

But as this Michael Ramirez cartoon illustrates, there are some people who want to follow the lemmings over the cliff.

The European Lemming

October 23, 2011 by Dan Mitchell

This cartoon says it all.

You can find some additional great Ramirez cartoons herehere, and here.

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Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

Related posts:

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We got to control spending or we will end up like Europe

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Obama has taken us past most bankrupt European countries already

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We got to control spending or we will end up like Europe

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Open letter to President Obama (Part 573) Are the states of Illinois and California going to join Detroit in Bankruptcy one day?

Open letter to President Obama (Part 573)

(Emailed to White House on 7-29-13.)

President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The federal government debt is growing so much that it is endangering us because if things keep going like they are now we will not have any money left for the national defense because we are so far in debt as a nation. We have been spending so much on our welfare state through food stamps and other programs that I am worrying that many of our citizens are becoming more dependent on government and in many cases they are losing their incentive to work hard because of the welfare trap the government has put in place. Other nations in Europe have gone down this road and we see what mess this has gotten them in. People really are losing their faith in big government and they want more liberty back. It seems to me we have to get back to the founding  principles that made our country great.  We also need to realize that a big government will encourage waste and corruptionThe recent scandals in our government have proved my point. In fact, the jokes you made at Ohio State about possibly auditing them are not so funny now that reality shows how the IRS was acting more like a monster out of control. Also raising taxes on the job creators is a very bad idea too. The Laffer Curve clearly demonstrates that when the tax rates are raised many individuals will move their investments to places where they will not get taxed as much.

______________________

Dan Mitchell Commenting on Detroit’s Bankruptcy

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Are the states of Illinois and California going to join Detroit in Bankruptcy one day?

One of the funniest cartoons I have see is one below about the states of Illinois, and California joining Detroit in bankruptcy some day.

In an interview last week about Detroit’s bankruptcy, I explained that the city got in trouble because of growing dependency and an ever-rising burden of government spending.

I also warned that the federal government faces the same challenge. Washington is in trouble mostly because of poorly designed entitlement programs rather than excessive compensation for a bloated bureaucracy, but the end result is the same. Or, to be more accurate, the end result will be the same in the absence of genuine entitlement reform.

As I said in the interview, fiscal crisis was “the most predictable crisis in the world for Detroit [and] it’s the most predictable crisis for America.”

The Washington Examiner has the same assessment. Here’s how they conclude a recent editorial.

More than anywhere else in America (with the possible exception of Chicago) Detroit has been a one-party union city. Democratic politicians backed by the United Auto Workers and public employees unions have ruled virtually as they pleased. Along the way, many of the politicians ended up in jail on corruption charges and the bureaucrats made out with sweetheart deals on pensions and health benefits. Those sweetheart deals now account for most of the $20 billion in debt that put the city into bankruptcy. There are too many disturbing parallels between Detroit and America. The national debt of $17 trillion gets a lot of attention, but the reality is the government’s actual debt, counting the unfunded liabilities of Social Security, Medicare and federal employee and retiree benefits, exceeds $86 trillion, according to former congressmen Chris Cox and Bill Archer. As they say, things that can’t go on forever, won’t.

I used to warn that America was on a path to becoming Greece, but maybe now I should use Detroit as an example.

Some of America’s best political cartoonists already are using this theme.

Here’s one from Glenn McCoy. Since I’m not overly optimist about either Illinoisor California, I also think it’s just a matter of time before this happens.

Detroit Cartoon 1

Keep in mind, however, that there was plenty of wasteful spending in both Illinois and California under Republican governors, so this is a bipartisan problem.

Speaking of California, here’s a good cartoon by Lisa Benson.

Detroit Cartoon 2

Amazingly, some people think California’s no longer in trouble because a retroactive tax hike collected more tax revenue. Yeah, good luck with that.

Next we have a cartoon by Rob Rogers of the Pittsburgh Post-Gazette.

Detroit Cartoon 3

And last but not least, Eric Allie weighs in with a cartoon comparing Texas and Detroit.

Detroit Cartoon 4

On a serious note, it would be interesting to see how Detroit looks compared to cities in Texas, such as Dallas and Houston.

But let’s end with something that’s really hilarious, albeit by accident rather than on purpose.

A few people want to enable Detroit’s profligacy. Here are some excerpts from a story in The Hill about union bosses wanting a federal-state bailout of Detroit.

Union leaders are calling on Congress and President Obama to provide a federal bailout to the city of Detroit. The executive council of the AFL-CIO, the nation’s largest labor federation, called for an “immediate infusion of federal assistance for Detroit” to be matched by Michigan, which they say has not done enough to keep the city from going through bankruptcy. …“It appears that Governor [Rick] Snyder and [Emergency Financial Manager] Kevyn Orr are pushing Detroit into bankruptcy to gut the modest benefits received by Detroit’s retired public service employees,” the AFL-CIO’s statement reads.

I suppose I could make some snarky comments, but I’ll close with two vaguely sympathetic responses.

First, there’s no way a bailout of Detroit goes through the House of Representatives. Heck, I don’t even think it could make it through the Senate. So some folks on the left would be justified if they asked why the high rollers on Wall Street supposedly deserved a bailout a few years ago but they don’t get one today.

The answer, of course, is discrimination by color. But I’m not talking black vs white. The color that matters in politics is green. The financial industry dispenses huge campaign contributions to both sides of the aisle, and thebailout was their payoff. Public employee unions, by contrast, give almost every penny of their money to Democrats, so there’s no incentive for GOPers to do the wrong thing.

Second, I have no idea whether retired bureaucrats in Detroit get “modest benefits.” I’m skeptical for very obvious reasons, but the real problem is that the city screwed up by having too many people riding in the wagon without paying attention to whether there were enough people producing in the private sector to pull the wagon.

Is that the fault of the garbage men, clerks, secretaries, and other municipal employees? That’s a hard question to answer. They obviously weren’t calling the shots, but they were happy to go along for the ride.

At some point, they should have paid attention to the message in this Chuck Asay cartoon.

P.S. For readers in New Jersey (and also New York City), I’ll be speaking this Wednesday, July 31, at the Friedman Day luncheon sponsored by Americans for Prosperity.

_____________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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Lots of guns in Switzerland and Finland but muder count is down!!!

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Here are some funny posters that Dan put up a while back:

Here’s a poster that captures the blind naiveté of anti-gun activists. I don’t think I need to add any commentary.

Last but not least, here’s a sign that all anti-gun leftists – assuming they have the courage to publicly celebrate their beliefs – should post outside their homes.

If you enjoy these posters, you can view previous editions herehereherehere, and here.

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Lots of guns in Switzerland and Finland but muder count is down!!!

It’s easy to get discouraged if you believe in small government and individual liberty.

It seems that the burden of the public sector is always expanding and that politicians and bureaucrats are always figuring out new ways to restrict our freedoms.

But let’s not lose hope.

We still have a lot of economic liberty, particularly if you count non-fiscal policy factors.

And we still have the Second Amendment.

Heck, we don’t just have the right to keep and bear arms, we exercise that right in massive numbers.

Take a look at this impressive graphic. We’re #1 in some bad ways, but it seems we’re also #1 in a very good way.

Make sure to share this graphic with your statist friends and colleagues. It’s guaranteed to put them in a glum mood for the rest of the day!

And when you share this with your misguided acquaintances, ask them why guns don’t cause murder in nations such as Switzerland and Finland. Maybe you’ll have a breakthrough and they’ll confess that gun control isn’t the solution.

Incidentally, in addition to having lots of guns in America, we also are quite ready to defy the government if politicians try to take them away.

What’s happening in Connecticut is merely one example of this wonderful form of civil disobedience.

Since we’re on the topic of gun ownership vs. gun control, here’s another image that will cause heartburn for your leftist friends.

Schindler guns

Same theme as the 4th image in this post.

And let’s not forget the best-ever poster on gun control.

Last but not least, here’s a poster sent to me by the PotL.

photo1

It’s the same message found at the top of this post and at the bottom of this post.

If you want more info – both serious and humorous – on gun control, click here.

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Gun Control Cartoon from Dan Mitchell’s blog

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Gun control posters from Dan Mitchell’s blog Part 10

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Another funny gun poster from Dan Mitchell’s blog

  I have taken the time to write President Obama on this issue of gun control several times and have even got a letter back from the White House on it. Plus a friend of mine by the name of Charlie Collins has even put forth bills in the Arkansas State House of Representatives concerning […]

Gun control posters from Dan Mitchell’s blog Part 5

The rear of the Bath School after the May 18, 1927 bombing. Wikimedia Commons ___________ I have put up lots of cartoons and posters from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. Did […]

Gun control posters from Dan Mitchell’s blog Part 4

I have put up lots of cartons and posters from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. There is no doubt that Hitler took away guns from those he wanted to persecute and […]

Gun control posters from Dan Mitchell’s blog Part 3

I have put up lots of cartoons and posters from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. Raising My Daughter Right March 26, 2010 by Dan Mitchell I got her this t-shirt at the […]

Gun control posters from Dan Mitchell’s blog Part 2

I have put up lots of cartons and posters from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. Amusing Gun Control Picture – Circa 1999 April 3, 2010 by Dan Mitchell Dug this gem out […]

Gun control posters from Dan Mitchell’s blog Part 1

I have put up lots of cartons and posters from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. On 2-6-13 the Arkansas Times Blogger “Sound Policy” suggested,  “All churches that wish to allow concealed […]

 

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