Why can’t we create a statewide property tax to fund public education, Texas plans to move 1,000 inmates to air-conditioned prison units, Lt. Gov. Dan Patrick blames city governments for “all our problems in America”, Is Russia the Cylons and is the West the 12 Colonies and Battlestar Galactica?, More
Listen live on the radio or on the internet from anywhere in the world! When the show is live, we take calls at 713-526-5738. (Long distance charges may apply.)
For the purposes of this show, I operate on two mottoes:
You’re entitled to your own opinion, but not your own facts;
Houston Mayor Annise Parker [L] with Mike, just before the show. (Dec. 7, 2015)
An educated electorate is a prerequisite for a democracy.
SIGNOFF QUOTE[s]:
“Do we send people to prison AS punishment, or do we send people to prison FOR punishment?” ~ David Fowler, Then-host of “The David Fowler Show” on KPRC-950 radio in Houston
Paying Child support But Not His Kid, Running Over Protesters, Ending Income Tax Deduction – Double Taxation, SNOPES in the News, Kushner’s Memory, Foreign-born recruits promised citizenship by the Pentagon flee the country to avoid deportation, Reality Check-Can Scotland and Wales block the repeal bill, Saudi Arabia investigates video of woman in miniskirt, Is Russia the Cylons and is the West the 12 Colonies and Battlestar Galactica?, More
Listen live on the radio or on the internet from anywhere in the world! When the show is live, we take calls at 713-526-5738. (Long distance charges may apply.)
For the purposes of this show, I operate on two mottoes:
You’re entitled to your own opinion, but not your own facts;
Houston Mayor Annise Parker [L] with Mike, just before the show. (Dec. 7, 2015)
An educated electorate is a prerequisite for a democracy.
SIGNOFF QUOTE[s]:
“In April, [John Kelly] said…: ‘If lawmakers do not like the laws they’ve passed and we are charged to enforce, then they should have the courage and skill to change the laws. Otherwise they should shut up and support the men and women on the front lines.’ ’’…
“…There is … reason to find [John Kelly’s] appointment depressing. It contributes to the continuing decay of American civil-military relations. Those of us who were relieved to see James Mattis as secretary of defense, H. R. McMaster as national-security adviser, and Kelly himself as secretary of Homeland Security, felt that way partly out of appreciation for the virtues of all three men, but also, very largely, out of relief that their sanity might contain their boss’s craziness. But it is inappropriateto have so many generals in policy-making positions; it is profoundly wrong to have a president regard the military as a constituency, and it is corrupting to have the Republican Party, such as it is, act as though generals have if not a monopoly then at least dominant market share in the qualities of executive ability and patriotism. It is unwise to have higher-level positions in the hands of officials who have openly expressed disdain for Congress—now a dangerously weak branch of government.
“ ‘Google before you tweet’ is the new, ‘think before you speak.’ ”~ Jonathan (Jon) Parker, via Joe Newton [Best attribution I can find – Mike].
As a layperson, I have serious doubts about the ‘Big Picture’ economic, tax policy and financial opinions of Anthony Scaramucci. (The Curious Case of Negative Interest Rates, By ANTHONY SCARAMUCCI (NY Times Dealbook), MAY 8, 2015)
Notwithstanding that Mr. Scaramucci is richer, more famous, and better-looking than I am, I still think his premises are flawed or simply wrong, and his conclusions are thus similarly wrong.
My eyebrows first rose when his new definition of “negative interest rates” began to sound a lot like the old concept of “deflation”.
“Negative rates imply that the money in your pocket today will buy more goods tomorrow. Think of money as just another fungible asset: A $20 bill today is still a $20 bill tomorrow or two $10 bills a year from now. Interest rates, on the other hand, reflect the opportunity cost of spending that money today relative to tomorrow. When rates are negative, the $20 bill is still worth four $5 bills in the future, but its utility value (i.e. what it buys) increases with time.”
My doubts were further fed by this absurd-on-its-face statement:
“John Keynes, you see, was actually wrong. His famous utterance, “In the long run, we are all dead,” isn’t true. Like it or not, the long run is upon us, and we are all very much alive (aside from Keynes).”
Mr. Scaramucci obviously misses the point here: In the long run, Mr. Keynes died. In the long run, Mr. Scaramucci will die. That he fails to grasp this point does not bode well for his further ruminations. Continue reading →