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Ernest's Blog
Democrat mega-donors got a message from former Pres. Bill Clinton: Go easy on those poor rural folk. "All they've got is their hunting and their fishing." There's a truth behind his words--namely that the gun control agenda may be popular in New York and LA, but it's not out where real preople live. But his condescending attitude is unworthy of anyone, and especially someone from Arkansas.
The Federal Reserve System would likely accept a $1-trillion platinum coin at face value, even though the Chinese and other creditors probably would not, according to the former director of the U.S. Mint who helped craft the now-controversial 1996 law.
Billions in pork could have been stripped from the "fiscal cliff" bill by House Republicans. They did it on the Hurricane Sandy relief bill. But they blew it on the bigger tax bill in their New Year's Day vote. The cause of limited and fair government needed a win and victory over pork was doable. But the chance was fumbled away.
Why not let taxes go up only on those making $1-million+ a year (400-K people), to prevent higher taxes for anybody else? That was the allure of Speaker Boehner's Plan B.
Was it political suicide for Tea Party Republicans to sink that deal? No, because the cost to the economy was far, far greater than the tax revenue gained. Everybody's income would have suffered as that tax rippled through the economy.
When media reported that President Obama might consider raising Medicare's eligibility age, liberal Democrats hurriedly denounced the idea. Obama backed off so quickly that it reminded me of Brave Sir Robin in "Monty Python and the Holy Grail."
But that very idea would be a major step to restore Medicare to a sound financial footing. Click for video & more
Although government is too big and spends too much, Washington is unwilling to reduce its size and expense. When revenue rises, government spending usually rises even more. Can Uncle Sam cut back his huge payroll? Ernest joins CNBC host Larry Kudlow and suggests: "The first ones dismissed should be those who claim there is no place to cut!"
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Democrat big-city mayors are using money as a weapon against guns. They want their police to buy guns and ammunition only from companies that will endorse Pres. Obama's gun control agenda.
$850-quadrillion was saved by NOT building the Death Star, according to Obama's White House. Beware, lest they say now we can afford to spend a bunch of money on other things.
It's the same type of claim that the President makes on other things--and the press give him a pass on it.
Death threats by the hundreds have been made against the President of the National Rifle Association, David Keene, as he reveals in his interview with Ernest. Yet most media ignore these. Keene describes how it typifies the attitudes that flow down from President Obama to other liberals.
In minting a $1 trillion platinum coin, the Treasury Secretary would be exercising authority that Congress has granted routinely for more than 220 years.
Susan Rice did the team thing again, formally bowing out of consideration to succeed Hillary Clinton as U.S. Secretary of State. That keeps the President's hands clean, so he won't be blamed of dissing a black female contender.
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