September 5, 2010


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Entries Tagged as 'Legislation'

The vicious cycle of spending for lesser returns

February 24 2010 by David R. McGraw II

There is something wrong with our tax code, there is no need for the numerous length of laws around our tax code. The people want a simpler solution, one that doesn't require many to fork over 100+ dollars to have their taxes filled out for them on a yearly, some, a quarterly basis.

This weekend I thought at length of the vicious cycle that is our police departments around the nation. This relates to our IRS system as well in the process at which these government bodies grow at an unstopable rate.  We the people pay millions of dollars to have a police force, only to have them increase quotas to raise more money by giving citations to the people, to bring in more money in order to buy better equipment in order to give more citations. Some departments dedicate so much time to traffic violations and revnue creation that the real job we tax payers pay for them to do is becoming second fiddle to ensuring additional funds via citations continue to pour into the cities budgets.

With the IRS, I do not understand why it is we pay money, to ensure that we fund such a large and expensive department to ensure we pay more money.  If the tax code was more direct and simple, we wouldn't need thousands of IRS agents, harassing thousands of citizens to make sure they pay their taxes on an increasingly complex system.

The vicious cycle of spending for lesser returns is on display in every town across America with their police departments, rarely if ever does more funding mean more safety, it typically means more efficient ways to generate more money at the expense of the People.  Is there a government institution that works better the more it is funded?

I'll leave this post with a question, since did it become our governments, both local and federal, primary concern on finding ways to extract more money from the people?

Posted in Government Expansion | Property Rights | Economy | Legislation | 0 comments



Government Healthcare: a centralization of power

November 02 2009 by David R. McGraw II

Since reading further into the liberty movement, the one lesson I have learned to truly appreciate time and time again is that centralizing power, offers one easy target for special interests.  One strong reason lobbyists push to make as many decisions as possible settled on the federal level is one target to bribe, and push in their favor.  I whole heartily believe this is the primary reason for the erosion of state rights over the past 50+ years.

When we as a nation take the decision making powers away from the states, and centralize them in Washington, we make it easier for special interests to focus their funds, and maximize their ROI on donations.  When the issue is decided at the state level, imagine the logistics of trying to convince local legislators in all the states to rule in the favor that benefits the lobbyists clients the most.  In today's corporate America, it's far too costly and risky to spend the money on states, when you can simply spend it on one group, that has the power to force everyone in the nation a certain direction. 

For me, this is what Healthcare reform will ultimately accomplish: one fat, bloated, tax wasting target in DC to corrupt and bend to their ways, and trust me, it will become corrupt. 

Although Healthcare is not currently handled on a state level in the local state governments, the same idea can be applied to the numerous private insurance companies out there offering an insurance product.  While we remove the ability for the corporate insurance giants from playing dirty, we are opening up our well being, and general healthcare to the lobbyists in DC. Centralizing our care and the decisions made on our health direction to lobbyists with armed with millions of dollars ready to ensure their clients get the bulk of the tax money, and your care, an afterthought. 

Now I am no fan of the insurance industry, and they have brought this upon themselves.  Refusing to insure some people and the pre-existing condition issue has created this problem for them.  Everyone has a family member that has been treated unfairly by the insurance company; this is what has caused the outrage for healthcare reform.

We do need reform, but we must resist the urge push legislation that will add to the size of government, and reduce our freedoms via higher taxes, less choice, and more centralized power in DC.

Posted in Government Expansion | Healhcare | Liberty | Legislation | 0 comments



Inside the numbers of the CARS Program

August 04 2009 by David R. McGraw II

Let's try to understand these numbers, before we give another 2 billion to the CARS program.  The CARS Program is already out of their 1 billion dollars authorized through congress becuase so many people have traded in their cars to recieve their 4500.00 voucher towards a new car.

This assumes the government pays out 4500.00 for each trade in.  1 billion divided by 4500.00 = 223,000 ( rounded ) units traded in.

The most popular car purchase after through this program is the Ford Focus, the brand does not matter, but we will use the low advertised price of a Ford Focus as our base number.  2009 Ford Focus: 14k - 16k ( 2009 Ford Focus Reviews, Pictures and Prices - U.S. News Rankings and Reviews )

14,000 car price - 4500 voucher = 9,500.00 in new consumer debt financed.  Let's take that new consumer debt number, and multiple it by the number of units traded in.  223,000 = 2,118,500,000 in additional Consumer DEBT!

Now congress wants another 2 billion to fund the CARS program.  When you take the numbers, add another 2 billion worth of trade ins,  you get an additional 4,237,000,000 in consumer debt.  The total CARS result is 6,355,500,000 in additional consumer debt.  This means the government took 3 million in tax payer money to give them an additional 6 billion in consumer debt.  Now that my friend is a double edge sword.

What does this really mean for the economy?  It means the economy has an additional 6 billion in debt it has to work through it's system, and that's 6 billion dollars that would not naturally go into the market through the the next few years.  The end result of this program is a much deeper hole and climb out of what we've been trying to get out of.

Government involvement in the markets do not work, they never have, they never will.  This program is sham, and the only people who benifit is the bloated car manfactures who have a failed business model, and can not turn profits without tax payer money.

Ask yourself, wouldn't you like to run a business in which the government ensures your profits?

Posted in Subsides | Economy | Legislation | 1 comments