Constitutional Breakdown

How the GOP-Dem Tax and Spend Compromise Throttles the Voters’ Will

The impending taxing and spending compromise between congressional Republicans and Democrats and the Obama administration demonstrates how the federal constitutional system has broken down. And how the breakdown can sabotage democracy.

Under the emerging terms, as reported in the press, the Republicans will receive at least a temporary extension of the Bush-era tax cuts for all Americans. The Democrats will win additional spending on unemployment insurance and other items.

Now think about that for a minute: We have just gone through a national election in which the voters sent two messages loud and clear: (1) curb spending and (2) cut the deficit.


Net Neutrality Isn’t Neutral at All

People are being hoodwinked into thinking that the government getting involved regulating the internet is a good thing. Who could be so gullible? People that read headlines instead of analyzing what the consequences will be once government gets involved; less access, more expense, and intrusion into the free market and best frontier for small businesses to compete. That’s right, the same people the advocates are pretending to protect (the small business and individual) is the same person that will be crushed by the FCC. The law of unintended consequences will rear its ugly head.

The reason people are concerned stems from concerns of bandwidth usage by content providers like Netflix. This type of content gobbles up bandwidth and impacts the performance of ISP’s, and has forced ISP’s to consider charging their customers more for this bandwidth service or not offering these services at all. Either choice for the ISP will be an issue for their business. But to have the federal government get involved is the wrong answer.

There is a red herring argument as well being used that large companies will dominate and control the information people seek on the internet. For example, large ISP’s could restrict other ISP’s services or access to them. Here’s the rub; they haven’t so far because they know if they do customers will flee to another provider. The market has worked and all of these people using the class warfare and evil corporation arguments are speculating and underestimating the power of the market to control itself. The same people that don’t think individuals can take care of themselves are the same people pushing net neutrality. All of the most liberal organizations are supporting this hand over of control from private companies to the FCC to our peril.


College Degrees From a Cereal Box

Yahoo Finance has published a good article on the student loan bubble-go-bust. Here’s an eye-opening snippet: Secondly, defaults have soared amid a difficult job market. In 2008, the most recent year for which data are available, nearly 3.4 million borrowers began repayment, and more than 238,000 defaulted on their loans. The number of loans that…