A judge at the US District Court in Pensicola, Florida has ruled Obamacare unconstitutional. This is the second such ruling, and another good sign. There are still several more levels of appeals to go, but each lower-level victory does help sway higher-level judges and justices. That also makes the rulings 2-2 (not that this has significance in and of itself—there’s only one ruling which will really matter, and that’s what Anthony Kennedy says).
January 31, 2011
Megan McArdle notes that President Obama’s State of the Union address sounds remarkably similar to a mediocre CEO with a bum product: lots of chatter dancing around the big problem in the room. Instead of grabbing the bull by the horns and other metaphors (most of which will not lead to a goring), Obama ducked the issue with a “we’ll freeze a tiny part of the budget for a few years while ignoring the giant train wrecks of our existing entitlement programs and, oh, also the new entitlement program which is already promising to be an albatross.”
Next year’s State of the Union address will involve Obama talking about the US government’s merger with a plumbing company in upstate New York. It’s synergy!
January 30, 2011
With all of these countries trying to increase exports, you’re sitting pretty at all watching the additional competition drive down prices…
Well, okay, in reality, this doesn’t actually change much of anything at all. “Increasing exports” is just a political line devised to cover up the fact that bad political decisions lead to bad economic problems.
January 29, 2011
Suppose you got a bad sandwich from a cafeteria. What would you do? Eat the losses (figuratively speaking)? Complain to management and ask for a refund? Not if you’re
circus clown Congressman Dennis Kuchinich, who, when he gets a bad sandwich, decides to sue the cafeteria for $150,000. It’s dealt long-lasting personal harm to him: he found out that the olive pit has more character and integrity and has produced more for society than Kuchinich ever will.
January 28, 2011
Social Security is broke. Revenues are no longer sufficient to cover outlays. If you’re an optimist, this means that Congress can no longer “raid” the Social Security system to cover their spending. Of course, you’d also be a particularly stupid optimist, one who lets people count money multiple times… “No, don’t worry, I can pay you back! Look, I got the $5000 you lent me, and there’s the $5000 that Jerry lent me and the $5000 that Sal lent me. Obviously I’m good for at least $15K right there…”
January 27, 2011
10. John Cena — This would be a phenomenally stupid decision. However, unless the other guy has a nuclear bomb, never bet against Cena.
9. Kofi Kingston — One of these days, he’s going to get a World title shot. Money in the Bank is more likely, but stranger things have happened.
8. Sting — I have no proof he’s even signed with WWE, and if he has and does wrestle, I see him wrestling Undertaker rather than for a major title. However, they do love their surprises, and I could easily see a WCW guy headlining Wrestlemania in Atlanta. It sure as hell wouldn’t be Goldberg.
7. Sheamus — He’s big, and he’s King of the Ring, which usually bodes well. I don’t think he’s destined to headline WM, though. He’ll be there, and that’s a big point in his favor, but I see a lower card match in his future.
6. Undertaker — He’s won recently, and I can see him as a surprise entrant into the Rumble. If they’re going Taker-Cena this year (which I doubt) instead of next, I almost think the title would have to be part of it.
5. Wade Barrett — Like Sheamus, he’ll be on the WM card. Unlike Sheamus, all he’s done is lead Nexus and Corre and has little to show for it. This is the kind of the guy that the Rumble is designed for — somebody who couldn’t legit win Money in the Bank but needs a more contrived way into the title situation.
4. Kane — If he goes to RAW, I could see Kane finally winning the Rumble. Most of the good feuds on Smackdown are played out. He’s been rebuilt as a big deal, and with the right opponent it could be awesome.
3. CM Punk — The new Nexus situation reminds of the Legacy, 2009, and it could very well have a similar result. Punk has been brilliant this year, and it would be great to see a fresh face at the top of the WM card.
2. HHH — I really, really, hope I’m wrong. There’s no money match left for him, the world doesn’t need another Orton-HHH or Cena-HHH match, and the surprise entrant winning the Rumble has been abused recently. But he’s still HHH, which means it’s even stupider to bet against him than Cena.
My best guess, though, is… (more…)
January 26, 2011
Apparently, the Mayor of Seattle doesn’t like the cost of a new road project, and is touting an image showing just how expensive it will be. Ironman puts this in context with a light rail plan which is much worse (and may be finished by now…).
What it says to me is that government isn’t very good at building either roads or rail.
January 25, 2011
Mike Munger is, that is. I think that, if he is correct, it will still take a while for all of this to come to pass, as there are a lot of savings to burn through. And considering how many business owners just happen to be close relatives of Communist Party members, the entrepreneurial incentives probably aren’t there to out-grow the State.
January 24, 2011
Veronique de Rugy has a good post regarding how states cover up their unfunded liabilities. It’s not a problem just on the federal level, nor is it a problem limited to a few states. This is the ultimate result of the welfare state: mass bankruptcy.
January 23, 2011
Pat Toomey argues that the US need not default if Congress does not raise the debt limit. This is similar to what Tim Pawlenty noted a little while back. If Toomey is correct, then there is no need to raise the debt limit and it can go back to what it originally was supposed to be: a high-water mark for spending rather than a Douglas Adams-style deadline (“I love deadlines. I love the whooshing sound they make when they fly by.”).