22 October 2010

Texas Women Packing More Heat

Courtesy of John R. Lott (the author of More Guns Less Crime), comes a story from Tyler Texas where more women are now carrying concealed handguns than ever before.  Some 31,000 females now have Texas CHP licenses which is up nearly 40% from the previous high in 1996 (initial year of issuance for the permits to all individuals). 

What is also fascinating is this little blurb from KLTV 7's coverage of the story: 
Terry Adams and John Coblentz teach concealed handgun classes and say it's not just women who are arming themselves. "The people that are pushing gun control are making people nervous and they're buying weapons," said Adams.
Interesting.  So, those who are against us are now becoming the biggest hypocrites in the kitchen?  (Sorry for using hypocrite twice today).

Just more subtle evidence that the trend toward individual freedom as afford to us in our founding documents is mainstream and very much alive.  All the more reason that our freedom is attacked with regularity by those who wish to take our freedom away.   

Update: Restoring Sanity More Like Who's Who of Batnut Left

Code Pink?  You got it!  Pro-Abortion groups?  YEP!  Anarchists?  NO DOUBT! 

From today's American Thinker, it seems that I continue to call it right that the batnuts are the ones that will show up at John Stewart's rating coup restoring sanity rally.

Look, I've said it before several times and I'll say it again...sanity is liberty and the tea party movement.  Professional protesters, showing up to bolster someone's ratings when they've been paid to go to this thing by Oprah and the other front running .org's, says just one thing; hypocrites.  No matter the turnout to this thing, which in all respects will be quite minimal anyways, just more proof that the Comedy Central geniuses are great at grabbing headlines for personal gain. 

Of course, those of us on the right will never be afforded the same media attention even when we have seven figure turnouts.  Oh well. 

19 October 2010

QOTD: Bubbles Bubbles Everywhere

If for nothing more than just a few inflation hawks inside the Fed Reserve, than we'd be already melting down.  Or, at least, that is the current convictions of this and several other authors out there in the world.

In a speech just released today and picked up by The Hedge (readers should know that I am referring to Zero Hedge), Dallas Fed Res Bank Dick Fisher (no pun intended, but preferred in this context) had the following remarks:
In my darkest moments, I have begun to wonder if the monetary accommodations we have already engineered might even be working in the wrong places.  A great many baby boomers or older cohorts who played by the rules, saved their money and migrated over time, as prudent investment counselors advise, to short- to intermediate-dated, fixed-income instruments are earning extremely low nominal and real returns on their savings. Further reductions in rates earned on savings will hardly endear the Fed to this portion of the population.
It is nice to see that someone inside the Federal (private) banking cartel has finally admitted that their monetarist, neo-Keynesian policies don't work.  To those of us whom have studied history, it isn't hard to say, "ah yeah!  No shit Sherlock!"  That said, Fed Fisher and his counterpart at the St. Louis Fed should be commended for their hawkish outlooks on inflation and money creation.  Unfortunately, as Zero Hedge opines, they will probably resign be forced out. 

Ever Wonder How Good...

Our armed forces airmen are? 



THAT GOOD!

H/T militaryphotos.net.

Debt Free America Act

As tweeted last night, this was making it's rounds around Facebook and other social networks.  H/T to my wife for reading it to me and her cousin (whom had posted it).

So, some quick Google Fu last night returned this bill summary:   

2/23/2010--Introduced.
Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to eliminate the national debt within seven years and the phasing out of the individual income tax. Amends the Internal Revenue Code to impose a 1% fee, offset by a corresponding nonrefundable income tax credit, on transactions that use a payment instrument, including any check, cash, credit card, transfer of stock, bonds, or other financial instrument. Defines "transaction" to include retail and wholesale sales, purchases of intermediate goods, and financial and intangible transactions. Establishes in the legislative branch the Bipartisan Task Force for Responsible Fiscal Action to review the fiscal imbalance of the federal government and make recommendations to improve such imbalance. Provides for expedited consideration by Congress of Task Force recommendations. Repeals after 2017 the individual income tax, refundable and nonrefundable personal tax credits, and the alternative minimum tax (AMT) on individuals. Directs the Secretary of the Treasury to: (1) prioritize the repayment of the national debt to protect the fiscal stability of the United States; and (2) study and report to Congress on the implementation of this Act.
As the rumor on the social networks went, this bill was "scheduled" for a lame duck vote after the election in two weeks.  I haven't confirmed or denied that, but it doesn't look like it's forging ahead very quickly. 

The summary in and of itself isn't all that obnoxious except for the one clause; "repeals AFTER 2017, the individual income tax."  YAY! (not).  We've seen this before in the form of social security.  We pass something now, take the hit up front, and then we'll "amend" or "repeal" something later.  As soon as you get used to paying the 1% tax on bank transactions AND your income tax, you'll forget by 2017 that Congress' original intent was to repeal the income tax.  In substance, this is effectively a different way to implement a fair tax, though it is more VAT (value added tax) in nature.  Taxing without repeal of or near 100% gutting of the IRC will do nothing to solve our debt problem or our job problem.  Again, we have a spending problem.  Austerity, plus sensible tax reform, including the fair tax, will restore our country to the economic engine that the world has long aspired to become.