Observations

Incredibly, people sit in some stupor even when they suffer the loss of freedom, fiscally and personally. Given the penchant for liberal/progressive government overbearing rule.

Freedom in the 50 States

New York – #50

New York has been the least free state in the country for a long time. Economic freedom is the most significant weakness, but the state has not kept up with the rest of the country on personal freedom either.

The only fiscal policy area where New York is not below average is the ratio of government to private employment, where the state has actually improved significantly since the early 2000s. The government GDP ratio has scarcely fallen over that same time period, suggesting that New York pairs relatively low government employment with high salaries and benefits for public employees. New York’s local tax burden is twice that of the average state: 8.5 percent of income in FY 2015. This is a dramatic rise from the early 2000s, when it was 7 percent. However, New Yorkers have ample choice in local government: 2.9 competing jurisdictions per 100 square miles. The state tax burden, at a projected 6.8 percent of income in FY 2017, is also higher than the national average. Debt is the highest in the country at 31.2 percent of income, and liquid assets are less than half that, at 14.2 percent of income.

New York is also the worst state on regulatory policy, although here it is at least within striking distance of number 49. Land-use freedom is very low, primarily because of the economically devastating rent control law in New York City. Local zoning is actually fairly moderate compared with surrounding states not named “Pennsylvania.” Renewable portfolio standards are high. The state enacted a minimum wage in 2013–14 and also has a short-term disability insurance mandate. Cable and telecommunications are unreformed. Occupational freedom is a bit subpar, but nurse practitioners did gain some independence in 2013–14. Insurance freedom is a mixed bag (the state has stayed out of the Interstate Insurance Product Regulation Compact), but property and casualty insurers gained some freedom to set rates in 2013–14. The civil liability system looks poor, but we may underrate it slightly because of the state’s large legal sector.

New York’s criminal justice policies are reasonably decent. While drug arrests are about average, nondrug victimless crime arrests are quite low. Incarceration rates are below average. Unfortunately, the state is one of only a few to impose loss of a driver’s license as a punishment for non-driving-related drug crimes. Local law enforcement enthusiastically participates in equitable sharing, even though the state law imposes only modest limits in the first place. Tobacco freedom is the worst in the country because of smoking bans and stratospheric taxes ($4.30 a pack in 2015 dollars in 2016). Since 2014, localities have actually enacted total prohibition for 18-to 20-year-olds. New York is perhaps the worst state for homeschoolers, and it has no private or public school choice programs. Sparklers were legalized in 2015 and mixed martial arts competitions in 2016. Gambling freedom is better than average; casinos were introduced in 2005. Cannabis freedom is now slightly above average, as the state enacted a limited medical law in 2014. Alcohol freedom is a bit above average, but grocery stores can’t sell wine. Gun rights are hedged about with all kinds of restrictions, but it is possible with some effort to get a concealed-carry license in some parts of the state. [snip]

We shall endeavor to find the top rated state. Surely it won’t be California, Massachusetts, Maryland or Illinois. For starters, we place our money on either Nevada or New Hampshire. Remember, things change as migration affects political positions.

These are interactive maps and data; scrutinize the site.

In New York, how does the freedom ranking compare to these concepts.
Here’s some answers.

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Government

The Feds won’t so this; it will offend some of their base. But States can and should clean up these programs.

Thank God for Florida GETTING BETTER HERE EACH DAY Only 49 more states to go!

I-95 and I-75 will be jammed for the next month or so with druggies and deadbeats heading North out of Florida, because this is the first state in the union to require drug testing to receive welfare! Hooray for Florida ! In signing the new law, Republican Gov. Rick Scott said, “If Floridians want welfare, they better make sure they are drug-free.”

Applicants must pay for the drug test, but are reimbursed if they test drug-free. Applicants who test positive for illicit substances, won’t be eligible for the funds for a year, or until they undergo treatment. Those who fail a second time will be banned from receiving funds for three years! Naturally, a few people are crying this is unconstitutional.

How is this unconstitutional? It’s a legal requirement that every person applying for a job has to pass drug tests in order to get the job, why not those who receive welfare?

No Borders, No Language

No Culture = No County

Question

What should we do about all

the individuals collecting

government money but

refusing to work?

 

Lets toss them

out of Congress!

Observations

Paul has been calling for the sky to fall for some time. He’s been wrong so far BUT…

…all he has to be is right ONCE!

This is the ‘biggest bubble in the history of mankind and it’s going to burst,’ Ron Paul says

Look to the stock market and you’d assume Wall Street was doing just fine. The S&P 500 has come back to March highs, the Dow is back to positive for 2018, and the Nasdaq is at fresh records.

It’s all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul.

This market is in the “biggest bubble in the history of mankind,” and when it bursts, it could cut the stock market in half, he told CNBC’s “Futures Now” Thursday.

“I see trouble ahead, and it originates with too much debt, too much spending,” Paul said.

This isn’t the first time Paul has made such dire warnings. During a “Futures Now” appearance in August 2017, he predicted a 50 percent drop in the market, a call he has doubled down on a number of times since. Since that appearance, the S&P 500 has rallied 15 percent. [snip]

Paul isn’t alone in his critique. A number of politicians have voiced concern over ballooning deficits, including current House Speaker Paul Ryan, who raised a warning on the nation’s debt in 2012.

The Congressional Budget Office estimates that federal deficits will average $1.2 trillion a year from 2019 to 2028, according to its April economic outlook. Its 2018 deficit estimates rose by $242 billion over previous forecasts made in June 2017. The federal agency said the revision was mainly owing to lower projected revenues tied to tax reform. [snip]

“The government will keep spending, and the Fed will keep inflating, and that distorts things,” said Paul. “When you get into a situation like this, the debt has to be eliminated. You have to liquidate the debt and the malinvestment.”

Paul reiterated his call on Thursday for a potential 50 percent sell-off on the stock market.

One item that can exacerbate the hardship of a sell-off is the amount of investing has been done on margin. That is what caused Oct 29th, Black Friday, to be so bad. When the stocks dropped and the calls to cover margin went out, investors were forced to sell to raise that money. Selling dropped the stock values to fall further with each sale.Oddly enough not all stocks dropped; only those high fliers those shooting up in share price were hit. But that was a large amount of cash value lost.

Laissez le bon temps rouler

For a bit longer, they might.
At some point some one is going to point out the Bankers have no clothes. That will make the European Poobahs grab for their fig leafs right along with our Fed and Wall Street. “What’s in your wallet?” will take on new and virulent meaning.

BIS fears ‘snapback’ crunch as rising rates meet record global debt

World debt ratios have spiralled to record levels during the era of super-easy money and markets are showing tell-tale signs of late-cycle excess, leaving the international financial system acutely vulnerable to a jump in borrowing costs.

Any reversal in our fortunes could be “quick and sharp”, says the Bank for International Settlements, the venerable global watchdog based in Switzerland and the scourge of dissolute practice.

The warnings cascade from the BIS’s annual report released over the weekend, always a sobering read for investors and central bankers alike. [snip]

Fiat money is and was a Socialist joke that most didn’t catch and now are living the tag line. There is much more to come as Trump adjusts that unequal trade situation.

That great adage from when I carried the tin of the US Marshal’s Service comes to mind: “When you hear hoofbeats, think horses, not zebras. You won’t make a mistake of looking in the wrong direction.

No pain-mo gain

This is akin to that diet one promises in January that all the Studs and Studettes will fit into Speedos and those bikinis being somewhat larger than two bandaids and a cork.

America didn’t get into the bloated beach tents by pushing away from the tariff table and telling the other countries that trade will become fair and level. The new economic isn’t and won’t be the same as the old limp and wimpy practices of the old RINO’s and GOP. Don’t bother mentioning the Jackasses; they are in the business of giving away this Country for some high carb rice dinners.

Predictably, former trading partners don;t care for the new rules; don’t blame them, they’re taking it in the shorts also. They won’t like being the solitary fat kid on the beach That’s the way the mop flops. Either get in the game or sit in the seagull poop.

Stay tuned. This is just the beginning.

Peccable reflections

Here is an example of how socialism really works. A promise of equality sounds nice; socialists never tell the people that equality really means everyone is in the same sinking garbage scow. In every strata of society, there are “haves” and “have nots”. What the Progressive Poobahs forgo telling you is “You will never be a “Have”.

The Army Took Over the Spigots, Forcing Thirsty Venezuelans to Pay

To arrive at the El Paraiso water-filling station in Caracas by sunrise, Rigoberto Sanchez wakes before 4 a.m. Hours later, his tanker is in a slow-moving line with a dozen others. Only two of the 10 pumps work and Sanchez will have time for a couple of deliveries if he’s lucky. If he’s luckier, the military won’t intercept him.

“They hijack our trucks, just like that,” said Sanchez, leaning on a rusty railing. “Once that happens, you’re in their hands, you have to drive the truck wherever they want you to.”’

Venezuela’s military has come to oversee the desperate and lucrative water trade as reservoirs empty, broken pipes flood neighborhoods and overwhelmed personnel walk out. Seven major access points in the capital of 5.5 million people are now run by soldiers or police, who also took total control of all public and private water trucks. Unofficially, soldiers direct where drivers deliver — and make them give away the goods at favored addresses. [snip]

Last week, the president named Evelyn Vasquez, an official of state utility Hidrocapital, as the head of a new water ministry, a move he said would help achieve access and care standards laid out in the United Nations’s Millennium Development Goals. The country was supposed to have reached that landmark by 2015, but the crisis hasn’t respected bureaucratic timetables. [snip]

Theoretically, water in the socialist nation is subsidized, costing pennies a month. But the pipes in Caracas haven’t been renewed in three decades and Bausson said that repair crews have dwindled to about 40 from 400 back when he was in charge. Most pumps that bring water from reservoirs outside Caracas are only partly working. Two auxiliary dams, meant to guarantee supply for 15 days in emergencies, are critically low or empty.

Hidrocapital sometimes entirely cuts service for as long as 48 hours. Most people in Caracas get 30 minutes of water mornings and nights, igniting a mad rush to leave work or social gatherings to shower, wash and clean.

An unpublished report from the Caritas charity, which serves the poorest areas in four states, found that in April only 27 percent of families had continuous access to safe water from state supplies. About 65 percent had access less than three days a week. In Miranda state, no poor families at all had water more often that.

Those who want more must pay. Private tankers like Sanchez had been filling up and reselling water for many times its worth. Then, military personnel were deployed to the capital’s water points in May in an emergency supply plan. [snip]

Does this not sound like a HRC idea of utopia? As long as you don’t need anything, then everything is available. Typical of a government run project. Not just the socialist run messes; that cabal we call Congress doesn’t function any better.