Blue States Stealing Kid’s Money

Well, not money actually belonging to children but money allocated to educate our youth so it’s the same thing, right?

First, the back story.

Democrats in Connecticut have created a massive debt problem with decades of poor fiscal decisions and now in desperate straits. According to Truth in Accounting, Connecticut is one of 39 “sinkhole states” that do not have enough assets to cover its debt. In fact, it ranks at the bottom of the list barely beating out New Jersey as the state in the worst fiscal condition. TIA calculates that Connecticut has only $10.1 billion of assets available to pay bills totaling $72.2 billion.

Fast forward to present day. What can a poor progressive do?

The obvious solution is to look for previously protected mountains of money and institute a tax for the common good.

American Interest documents just such a solution:

Connecticut Democrats are going after Yale, for the same reason Henry VIII went after the monks and Willie Sutton went after the banks. The Wall Street Journal reports:

The state of Connecticut wants its richest university to share more of its wealth.

Facing budget shortfalls and a deep pension hole, Connecticut lawmakers this week proposed taxing the investment profits of Yale University’s $25.6 billion endowment, the nation’s second-largest after Harvard University’s. Yale is located in New Haven, Conn.

… Connecticut is home to more than 40 colleges. But the potential tax singles out Yale because it would affect only endowments with $10 billion or more in assets.

$10 billion is certainly a good starting point. How many universities could that possibly affect?

Infographic: The Wealthiest Private Universities In The United States | Statista

You will find more statistics at Statista

Once one state finds a new, hopefully legal source of income, how long before other desperate states follow suit? Every one of the universities listed in the graphic above are in a sinkhole state (although Indiana barely qualifies with only a debt of $700 per taxpayer).

And once the taxation of sitting money becomes legal, how long until it is applied to other private sources? Churches will probably be safe (hopefully), but your 401K? Don’t bet on it. After all, it is for the common good.

Posted March 29th, 2016 Filed in Economics and the Economy, Taxes and the IRS

Trump Trending

Out of curiosity, I placed the top 4 remaining presidential candidates in Google Trends to see how interest has grown or shrunk over time.

Searches for The Donald dwarfs the others. Does it mean anything? Certainly not a predictor, right?
But just for fun:

Posted March 26th, 2016 Filed in Trump, Donald

Who’s the Con Artist?

The NRO is back at it again, labeling Trump a con artist:

The chorus of politicians and critics calling Donald Trump a con artist grows louder every day. During my seven years as an enforcement attorney at the Securities and Exchange Commission, I got a close-up view of many con artists and their scams. Watching Mr. Trump gives me an acute feeling of déjà vu.

What about decades of sending “conservative” politicians to Washington only to be disappointed time and again as they cowardly failed to stand up to Democrats or, worse yet, joined hands across the aisle and ruled like Republicrats … laughing all the way to the bank? Elected time and again by a voter base shackled to them by a two-party system that protects incumbents, making empty promises with fiery rhetoric that is the very definition of sound and fury that signifies absolutely nothing.

So I ask, where does the real con artist sit? In the seat of power.

For now.

Posted March 19th, 2016 Filed in Trump, Donald

Obama Admin Only 22% Transparent

Remember Obama’s promise to be “the most transparent administration in history”?

The Obama Administration has set a new record for rejecting Freedom of Information Act requests,  censoring materials or rejecting requests for access in a stunning 596,095 cases, or 77 percent of the time.

Seventy-seven percent. No habla Englis almost 4 out of 5 times.

Who is surprised?

Posted March 19th, 2016 Filed in Obama, Barack Hussein

Pat Buchanan asks if this is the death of the GOP, or a rebirth:

Lately, 116 architects and subcontractors of the Bush I and II foreign policy took their own version of the Oxford Oath. They will not vote for, nor serve in a Trump administration.

Talking heads are bobbing up on cable TV to declare that if Trump is nominee, they will not vote for him and may vote for Clinton.

This is not unwelcome news. Let them go.

Amen. Trump will build his own team and it won’t be based on the failed policies of the past.

Read it all but I can’t resist repeating Pat’s money quote:

The Trump campaign is not a hostile takeover of the Republican Party. It is a rebellion of shareholders who are voting to throw out the corporate officers and board of directors that ran the company into the ground.

Only the company here is our country.

The stakes have never been higher. Time to take back our party.

Posted March 19th, 2016 Filed in Trump, Donald

Trump’s Appeal

Quote of the Day comes from RCP in an excellent article: What the Media Miss About Trump’s Appeal:

The public’s sense that, whatever Trump’s failings, he is actually competent. That’s a compelling proposition to many Americans, who don’t think Washington bureaucrats or bloviating senators could organize a two-car funeral.

Exactly. Which is why he is pulling Reagan Democrats and will be an even more powerful force against Hillary once Bernie is out of the picture.

Posted March 17th, 2016 Filed in Trump, Donald

Where America Stands: Apple vs. FBI

Infographic: Where Americans Stand on the Apple-FBI Dispute | Statista

You will find more statistics at Statista

Personally, I’m on the privacy side of the issue. Power will always be abused (IRS, NSA, low-level government officials, cops … the list is seemingly endless!).

Posted February 26th, 2016 Filed in Government, Privacy, War on Islamofascism

Pantsuit Song

And now for a little humor at HC’s expense.

Posted February 25th, 2016 Filed in Clinton, Hillary, Humor

Trump Promises to Prosecute H. Clinton

Trump has just stepped it up a notch. In an interview with Sean Hannity, the Donald said that other people have been prosecuted for less, that she is being protected, and that he would have no choice but to prosecute her.

“If I’m the nominee, this is not gonna be a subject that’s gonna die down very easily,” said Trump.

Hopefully, this is one promise he’ll actually keep.

Posted February 23rd, 2016 Filed in Clinton, Hillary, Trump, Donald

GOP Hubris vs. Populism

From sitting squarely in Middle America, it is inconceivable that GOP elites think they can go back to being Republicrats and continue to be returned to power. They played nice with the Tea Party and now things are back to where they were.

Yet signal after stupid quote from those elected to power show just how out of touch they really are.

The ever-insightful Pat Buchanan knows that Nationalism and Populism are propelling Trump towards the GOP presidential nomination (emphasis added):

If Beltway Republicans think they can stop Trump and turn back the movement behind him, and continue on with today’s policies on trade, immigration and intervention, they will be swept into the same dustbin of history as the Rockefeller Republicans.

America is saying, “Goodbye to all that.”

For Trump is not only a candidate. He is a messenger from Middle America. And the message he is delivering to the establishment is: We want an end to your policies and we want an end to you.

If the elites think they can not only deny Trump the nomination, but turn back this revolution and re-establish themselves in the esteem of the people, they delude themselves.

This is hubris of a high order.

Read it all to see why Liberals aren’t the only ones that don’t seem to be able to learn from history.

Posted February 23rd, 2016 Filed in Trump, Donald