It
appears Rand Paul is testing the waters and laying the foundation for his
potential 2016 Presidential run. With a stop in Texas, Paul spoke with high end
donors and delivered a more libertarian message. His warning to the state, if
the Republican party doesn't change, Texas will go blue. And his analysis is most
likely right. Given the increasing city population on Texas, and the increasing
population of Hispanics, it won't be much longer until Texas turns if policy
proposals aren't introduced to increase votes.
Kathleen
Sebelius claims that there is absolutely no evidence that Obamacare will
decrease employment. She claims that it is a myth and that you can ask any
economist and they will tell you exactly that. Her only issue is that the CBO
is pretty much saying otherwise, and they're economists. While in the CBO
report it didn't actually claim employment would disappear, just the equivalent
of 2 million jobs. So she may be right, employment might not go down, but the
economic effect is going to be the same.
This
commentary piece written by Gene Healy (author of Cult of the Presidency) cuts
to the main problem with the modern presidency. The people enable him to usurp
power not granted to him by the Constitution which he swears to uphold. University
of Chicago political scientist William G. Howell released a book highlighting
this exact phenomenon. Howell writes, “from nearly the moment he assumes
office, the most self-effacing presidential candidate will quickly be
transformed into a great apologist for presidential power.” Mr. Healy writes,
"If there’s ever a War on
Presidents Day, sign me up."
What
shocks me most about this article is that people find it shocking. Mortgage
institutions appear to be taken off guard by the fact that so many young people
are going to college on loans so they can't afford to buy a home right away.
The problem is cyclical. Example, Sally is a High School Junior. Her teachers,
counselors, and parents all tell her she must go to college to make money
nowadays. Sally is an average student who isn't sure what she wants to do but
gets accepted to a local private university. She then realizes she must take
out loans. To her, it's no big deal because everyone has told her she will make
good money with a Bachelor's degree. Upon graduation with a psychology degree,
she is $35,000 in debt (private schools cost more usually). She then realizes
that the jobs she thought she could get don't exist or don't pay enough. She
finds an administrative job, so she's lucky because unemployment is high for
her category still. After working a year, she wants to buy a house, but a
lending institution sees she's still entry level and is carrying this debt that
will last as long as her mortgage, so it's like buying 1.5 houses. Now she's
stuck paying for an apartment and can only put a small amount away in savings,
so a house is out of the question. It's not very complicated to see how
detrimental this will become to the economy, millions of Americans are being
enslaved to the government due to loans
and economic productivity is going to be crushed.
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