"...an utterly corrupt new religion called environmentalism..."
If the history of this planet's climate over millions of years is any guide, we are about to enter a new ice age.
CAIR spokesman Ibrahim Hooper indicated in a 1993 interview with the Minneapolis Star Tribune that he wants to see the United States become a Muslim country.
Phony Economics
By Tom Brewton (01/15/08)
Liberals implicitly acknowledge that the so-called budget-balancing of the Clinton era was based on subterfuge and outright lie.
The Wall Street Journal editorial page notes the passing of one aspect of the sanctimonious liberal-progressive blather about fiscal prudence during the Clinton administrations (see Rubinomics R.I.P.)
I disagree strongly with the Journal's insouciance about Federal deficits. Those deficits inescapably lead to inflation. The only question is how high inflation will be in any given year.
Despite what the Journal writes, interest rates are not the same thing as inflation rates. Interest rates can decline in periods of budget deficits induced by lower taxes. But, if the Federal budget is not reduced correspondingly, inflation is inevitable.
Assuredly, however, the Journal is correct in its observation of liberal-progressive-socialist readiness to abandon its feigned economic pieties and revert to Keynesian economic measures.
With regard to liberals' Clinton era pretensions of fiscal prudence, several things are to be remembered.
First, President Clinton balanced the Federal budget in the short run by massively cutting our military budget. That left our armed forces, at 9/11, with severe constrictions in manpower, armaments, ammunition, and other supplies that forced us to use fewer troops in Iraq than standard military doctrine projected.
Second, the Congressional Budget Office's (CBO) politically propagandistic projections of continued balanced budgets far into the future depended upon continuous economic expansion at faster sustained rates than ever before in history.
Third, President Clinton initially proposed one of the largest tax increases in our history. Only election of a Republican majority in Congress stopped the madness and gave us, instead, tax reductions. Thereafter tax revenues rose, rather than declined as the CBO estimated, because economic activity burgeoned under the stimulus of tax cuts.
Fourth, the Clinton administration, fronted by Treasury Secretary Robert Rubin and Vice President Al Gore, repeatedly lied to the American people, claiming that the Federal debt was being paid down. In fact, the Treasury's own website simultaneously displayed the amount of Federal debt, which never stopped rising. What Secretary Rubin and Vice President Gore hoped the public would not discover was that the Treasury was simply retiring Federal debt held by the public and replacing it, dollar for dollar, with non-marketable debt held by the Treasury. The funding for that operation came, not from reduced Federal spending, but from fiat money created by the Federal Reserve system.
In short, the Clinton administrations' liberal-progressive-socialist economic policies were no more substantive than a street-corner three card monte scam.
Thomas E. Brewton
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Native of Louisiana; graduated from Louisiana State University in 1956. While there had the good fortune to study political science under Eric Voegelin and Constitutional law under Walter Berns.
Graduated from the Harvard Business School in 1958, then worked in the Wall Street financial community for thirty years. After retiring, surrounded by liberals in Scarsdale, New York, began writing op-ed pieces for local newspapers and essays for my children, aiming to counter the barbarism of liberal-socialism. From this came my website, The View From 1776 ( http://www.thomasbrewton.com/ ). A staff writer for the New Media Alliance, Inc.
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UPSSA
United Progressive Socialist States of America
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"Mexico, Canada partnership underway with no authorization from Congress"
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The seditious act is being carried out by our very own elected officials, with President Bush leading the insurrection."
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undermine free speech, disrupt commerce, and generally get in the way of helping people improve their health. The "half-truth" of
the safety issue is used as a ploy to reduce the rights of Americans, one freedom at a time. Once again, the FDA is seeking more
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supplements from the free market. Those who lose are the American public." The FDA - A Wolf in Sheep's Clothing
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