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Public Debt, Then and Now

(courtesy of Free North Carolina, in part)

 It’s the Debt, Stupid, Clyde N. Wilson, Chronicles, February 2016, excerpt pg. 16

Abraham Lincoln was a devotee of the Alexander Hamilton/Henry Clay “American System” of public debt, tariff protectionism, government subsidies and a national bank. To finance his war in 1861, Lincoln turned to an income tax, and then succumbed to printing money. Nowhere in the United States Constitution is the federal government authorized to make paper money legal tender. By 1865, the public debt was $2.6 billion, and the direct/indirect cost of Lincoln’s war would reach $8 billion by 1900.
http://www.Bernhard Thuersam, http://www.Circa1865.com   The Great American Political Divide

Public Debt, Then and Now

“Contrary to official capitalist wisdom, debt does not create economic growth. This idea is a swindle. Interest to the very rich . . . does not produce anything. It does not multiply creatively into new enterprises and jobs; it merely diverts ever-greater proportions of earning that might be fruitfully invested.

The proof is all around us. How could the vast unpayable federal debt, which absorbs much of the government’s income just for the interest bondholders, foreign and domestic, possibly be an economic stimulus? How can the immense and near universal burden of personal mortgage and credit card debt possibly indicate a healthy economy and commonwealth?

The matter is simple, obvious to anybody except a politician, a captive economist, or a media flack, and it ought to be conveyed to the people at every opportunity. Debt is killing us. Every wise man in recorded history has affirmed that debt is not a good thing. Debt can destroy a family, a government, a society.

Alexander Hamilton, an upwardly mobile immigrant bastard with a Napoleon complex, declared that “a public debt is a public blessing.” Troubled, but not surprised, Jefferson noted a connection between debt cruel taxation that undermined the independence of the citizens, warning that “we must not let our rulers load us with perpetual debt.”

Weighed down by government debt, the people would have to labor ever harder to pay the debt-holders, leaving them “no time to think, no means of calling the managers to account.” Jefferson avowed as a core principle that “the earth belongs in usufruct to the living,” but the living had no right to consume the earnings of posterity.

Antebellum statesmen like John Taylor of Caroline and John C. Calhoun and economists like William Gouge and Condy Rageut made the same case. After the War Between the States, so did William Graham Sumner, Thomas E. Watson and countless other public men and thinkers.

Republicans (and their predecessors) have always been the party of bankers and bondholders, service to the rich being for them a natural and essential function of the federal government. Opposition to the federal debt was long a plank in the Democratic platform, but Democrats today are just as guilty as the Republicans in regard to the issue.

Lip service to the virtue of “low public debt” continued until Franklin Roosevelt discovered Keynes and declared that debt is no problem “because we owe it to ourselves” – “ourselves” being a conveniently vague and collective being.

The bipartisan bailout of misbehaving bankers and brokers that we saw a few years ago, and the failure of a multitude of presidential candidates to mention the matter, is not promising.”

Posted especially for Dave.

Uh. I have NO Words

(from Brock Townsend)

“Transgender 101: Gender Identity in the Workplace” is a workshop that will be offered by the U.S. Naval Academy tomorrow for faculty, staff, and cadets. It will be conducted by two “transgender trainers” who created the Trans 101 session “with the hope that it would create more supportive and inclusive workplaces by helping people better understand the trans experience and what it means to be an ally to the trans community.”

How long before voluntary workshops like this will be mandatory for all members of the military? How long before the Navy’s new slogan will be “Join the navy, travel the world, and change your gender at taxpayer expense”? And how long before Christians realize that the military is an unholy institution? Tragically, probably long after the first two things come to pass.

No.   Words.

Truth

(Courtesy of Kevin Baker)

Quote of the Day: Ctrl-Left Edition*

Via Instapundit today:

It’s important to understand why liberals are so angry and so scared. They are angry because they believe they have a moral right to command us, apparently bestowed by Gaia or #Science or having gone to Yale, and we are irredeemably deplorable for not submitting to their benevolent dictatorship.

They are scared because they fear we will wage the same kind of campaign of petty (and not so petty) oppression, intimidation, and bullying that they intended to wage upon us.

Kurt Schlicter

(* As far as I know, the exquisitely accurate expression “Ctrl-Left” was coined by Jonathan Sullivan.)

Mr. President-Elect – Let’s NOT play their game and show them your side can be gracious and benevolent winners.  Perhaps, they will learn something?

Things That Make One Go “Hmmm”.

(As posted on The Grey Enigma)

Some Pacific Islanders Have DNA Not Linked To Any Known Human Ancestor – All That Is Interesting

Children from the village of Hanuabada play cricket in the streets on February 24, 2012 in Port Moresby, Papua New Guinea. Most everyone knows that the islands of the South Pacific are some of the most remote and unique places on Earth, but a new study reveals just how unique they really are.According to a report from the University of Texas MD Anderson Cancer Center in Houston, researchers have found traces of a previously unknown extinct hominid species in the DNA of the Melanesians, a group living in an area northeast of Australia that encompasses Papua New Guinea and the surrounding islands.A computer analysis suggests that the unidentified ancestral hominid species found in Melanesian DNA is unlikely to be either Neanderthal or Denisovan, the two known predecessors of humankind to this point.

Source: Some Pacific Islanders Have DNA Not Linked To Any Known Human Ancestor – All That Is Interesting

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An addendum to that whole ‘the science is settled’ thing.

We thought we knew about the origins of mankind.

Obviously not.

What Do We Do NOW?

Continue to fight the good fight.

Republicans have The House – the purse strings

Republicans squeaked by in keeping The Senate.

This is important.

Just because Republicans have both the House AND the Senate doesn’t mean statist gun-control types are finished!

Keep checking your six, and keep your powder dry.

Oh, yeah – DONALD JOHN TRUMP IS THE NEXT PRESIDENT OF THE UNITED STATES.  I wish him well, but have no allusions he’s for stopping all the wars, the TSA, rendition, drone strikes on U.S. citizens, no-knock warrants, NSA surveillance of U.S. citizens, sobriety checkpoints and supports open and CCW everywhere!

Or that he can get his own party’s support to built a wall.

Not that many years ago, he was for gun control and a so-called ‘assault weapons ban’.  He claims to have changed his stripes.  People can change.  Hillary was once a Goldwater Republican.  Charlton Heston (in the distant past) supported gun control.

AND DJT remains a big government statist populist. (Although, he likes McDonald’s and drove his own car during the campaign, sometimes).  Hillary hasn’t driven her own car in 35 years?  Remember Bush marveling at supermarket scanners? Out-of-touch, much?

Regardless of party labeling, we should continue to watch ALL the Republicans (and of course the Democrats/Progressives/Socialists).

AND, the White House.

It’s not specific parties that are evil.

It’s government.

Facebook Has Become The Weekly World News!

(Originally, I was going to say The National Enquirer, but that periodical appears to have achieved more gravitas of late than The New York Times and Time magazine, combined!)  🙂

Let’s see.  In the past week…

  • Hillary WILL DEFINITELY be indicted
  • Hillary WILL DEFINITELY NOT be indicted
  • Global Warming is real (as determined by bribed/blackmailed scientists)
  • Oklahoma Fracking is causing the increased earthquake activity there (as determined by the same ‘team’ of scientists)
  • Assange states Wikileaks will release astounding information damning to Hillary in the next couple of days. – from Saturday last  (We’re still waiting, Julian!)
  • GMO foods are killing us.
  • Vaccinating is bad
  • Vaccinating is good.
  • More BEE species are facing extinction (due to Monsanto pesticide and GMO development)
  • Big corporations (like Monsanto) are bad.  Just because they are big, and make money.
  • Hillary will win (because the fix is in, ballot box stuffing, voter fraud, Soros, Illuminati, etc.)
  • Hillary will win (based on some Quija board predictions in the past – see Groundhog Day)
  • Trump will win (see above Hillary win stuff for reasons)

One thing I have noticed.  Many of the same scientists are aligned with the same forces who believe in global warming, are anti-GMO and ANTI-vaxxer types, and have the ‘humans are bad for the Earth’ (and obtaining oil is bad, and think we need a global government to solve everything) way of thinking.

IF YOU HAVE NOT VOTED, PLEASE DO SO.  IF NOT, YOU WILL HAVE NO RIGHT TO COMPLAIN.

Thank GOD today is Election Day, and it will all be over soon!

One way or another…

God save The United States of America, from herself!

 

 

Not A Gunsmith, Part Tres’

In our last episode…

I had gone shooting with friends, and marveled at the significantly lighter trigger of my friend’s Smith & Wesson .38 snubbie.

Having carried my electroless nickel S&W 442 for going on 22 years, with the stock 14 pound trigger(!), I thought it might be time for improvement.

Duh.

SO, I order a Wilson Combat spring kit through Brownell’s (for a whopping $9) and excitedly awaited it’s arrival so I could swap out the springs and share in the love… *:x lovestruck

I received it in about four days, found my brand X gunsmithing screwdriver, and went to remove the S&W sideplate.  Two screws in, I discovered that screw #3 was NOT loosening!  Not too much of a surprise, as the cheap screwdriver shaft was turning in the handle (!), and I had never had the sideplate off.  Ever.

I own a second (better quality) gunsmithing screwdriver.  However it remains beneath a pile of unpacked boxes.  And between being disabled, having back problems (and just not wanting to) there it remained.

Suggestions were made for screw-loosening oils, but without a decent tool, it wasn’t going to happen…

My roommate said she had a quality gunsmithing screwdriver, and offered it for my use.  I jumped at the chance.  But Life got in the way.  For almost two months.  Sigh.

FINALLY, I had the tool and the time.  And access to the You Tube videos regarding J-Frame Smith smithing.  And I began the task at hand.

That stubborn screw continued to be stubborn – but not impossible.  🙂

The sideplate was finally removed, and with some minor difficulty ( I repeat, I am NOT a gunsmith), the mainspring has been replaced!!

And the trigger pull went from fourteen pounds to a whopping EIGHT!

I’ve not yet replaced the trigger return spring (Wilson give me three from which to choose!) and the instructional videos have instruction regarding stoning certain surfaces to smooth them up.  I’m not certain I’m up for that.  As Inspector Harry Callahan said, “Man’s got to know his limitations.”

FTC – I bought all the screwdriver sets (except my roommate’s), the spring replacement kit and the revolver.  Go and buy your own!

a stock photo. My piece has a little corrosion damage on the sideplate. Unattractive!

a stock photo. My piece has a little corrosion damage on the sideplate. (that whole nasty sweat issue.)
Unattractive!

The 22%

ccwI remember (way back in the 1970s – when I got into gun stuff as an adult) fantasizing that I lived in a State that had concealed weapon permits!  How cool would THAT have been?  Being able to be armed – discreetly!

One of the reasons I wanted to become a cop was that very reason.  It seemed sad that few States had permittage, and most of them were may issue.  Usually meaning unless you were one of the special few (or perhaps funds changed hands) you either did nor carry concealed, or did not carry concealed legally!

Now, here we are in the new century, and the tide has turned.  A significant number of States how have concealed weapon laws and some even passed Constitutional Carry – no permit needed!

Specifically, with the addition of Missouri, 11 States (22% of the 50!) no permit required!

41 States, and Guam(!)  now have some provision for shall issue permits! (Wikipedia)

Of course, we still have States like California (and New York), with their difficult to get may issue permits, and checkerboard of convoluted and restrictive gun laws.

And with the ever-present nonsense by the Statists equating gun ownership with terrorism.  (Hillary?)

BUT, things have definitely improved since the 1940’s, and in spite of warnings to the contrary regarding every CCW (carry concealed weapon) and Constitutional Carry law being passed, there has been no blood in the streets!
(It seems every time such legislation is suggested, the ANTI-RIGHTS folks trot out the same, tired meme.)

It’s been said that the American Revolution was started and maintained by just 3% of the population.  In spite of the ubiquitous onslaught of the anti rights control folks, we seem to be winning!

Hooray for the responsible, law-abiding citizens, going about their private business invoking their right to possible self-defense!

Now, if we could just reverse the rampant surveillance and searching without warrant!  I know, one Amendment at a time…

Sigh.

The TSA – NOW With More Tyranny!

From Wirecutter

The U.S. Transportation Security Administration is one of those federal agencies that tends to inspire intense reactions among the traveling public. It’s a bureaucracy that interacts with millions of passengers each day, requiring their shoes, jackets, laptops—and time.
Virtually all this occurs at airports, with about 80 percent of the agency’s $7.4 billion budget spent on aviation security. Only 2 percent of the TSA’s funding goes to surface transportation, according to a report by the Office of Inspector General earlier this month. Congress is looking to change that.
Several U.S. senators want the TSA to focus more attention and resources on rail, highway, and marine transportation, which would mean greater security oversight at such places as Amtrak stations and Megabus coach stops. A bipartisan bill introduced Thursday by Senator John Thune (R-S.D.) would require the TSA to use a risk-based security model for these transport modes and to budget money based on those risks. It would require a wider use of the agency’s terrorist watch list by train operators and more detailed passenger manifests along with tighter screening of marine employees. The legislation also would increase the TSA’s canine use by as many as 70 dog-handler teams for surface transportation.
MORE

But, but…terrorism!  They’re protecting us! 

Because there are so many attempts to take buses and trains to Cuba!  And there have been so many domestic attacks on boats, buses and trains.

WHAT?  There haven’t?

I remember a time when there were few restrictions in public transportation regarding explosives and firearms, and very little occurred.  People could purchase firearms through the mail!  And the citizenry was not searched wholesale without benefit of a warrant or active crime.  And they could travel relatively unmolested.

But now…

Government has used the excuse of airline hijackings and drunk drivers in the 70’s for ‘checkpoints’, and ‘no-knock’ warrants for ‘the drug war’, and now in this century, terrorist attacks on people, planes, buildings and infrastructure to create the PATRIOT Act and NDAA to further erode our civil rights.  Rampant surveillance, secret prisons, secret courts and suspension of Constitutional Rights are the order of the day.

Emphasis on ORDER.

The TSA has stopped exactly HOW MANY attacks, now?

That’s right.  ZERO, ZIP, BUPKIS.

And how many rights have we given up?

And now, the government is trying to steal more!

 

 

April Fool’s In September

Charlotte Officials To Rioters – Anyone Caught Looting Will Have Welfare And Food Stamps Revoked For Life

According to the local affiliate WBTC, the punishment also applies to minors who might be participating in the ongoing melee. Parents of underage individuals who are captured while engaging in criminal activities related to the rioting will be held fully accountable, and could risk losing state benefits, as well as the custody of their child.

“Parents are responsible for their children. If they are allowing them to engage in lawless behaviors there will be consequences for them as parents.” Charlotte City Official, Wilson Stewart, told reporters during the 30 minute press conference. “Many of the individuals we have detained are high school students. We urge parents out there to know where their children are at all times until tensions are quelled. Have them adhere to the mandatory curfew. Make them aware that participation in looting, destruction of property, and violently demonstrating on any level will come with severe penalties.”

If ONLY this were true (and the city had the power…)
from comments on Brock Townsend’s blog:
I don’t usually support more power for government, but this time it did seem appropriate.  Sigh.

"Round up the usual suspects."

In Loving Memory…