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Re: Qbasic

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hancock4@bbs.cpcn.com writes:
> Secondly, the Republicans have created the mess themselves with their
> years of hate and lies.  As Mr. S correctly pointed out, they have
> spent the Obama years passionately believing and expanding the idea
> that is a Muslim born in Kenya, a communist liberal, and numerous
> other junk.  The Republicans have campaigned against any and all
> government as evil, wanting to return to the year 1900.  So, if their
> supporters don't trust the candidates, it's their own fault.

they may have periodically mentioned all government as evil ... but
they have been looting it for all they could ... especially the
military-industrial-congressional complex where trillions seem
to evaporate
http://manana.garlic.com/~lynn/submisc.html#military.industrial.complex

this is somewhat the "Kabuki Theater" which local WashDC press will
periodically call congress ... i.e. what you see publicly may have
nothing at all to do with what is really going on
http://manana.garlic.com/~lynn/submisc.html#kabuki.theater

Congressional republicans were major factor behind the fiscal
responsibility act in the 90s (spending couldn't exceed tax revenue, it
was on the way to eliminating all federal debt). Then in 2002 they let
the fiscal responsibility act lapse. 2010 CBO report was that 2003-2009,
tax revenue was cut $6T and spending increased $6T for $12T budget gap
compared to the fiscal responsibility budget (possibly only time taxes
were cut to not pay for wars). Since then, little of the tax revenue has
been restored and only few dents in their spending ... so that interest
on the debt is now pushing half trillion/annum
http://mananan.garlic.com/~lynn/submisc.html#fiscal.responsibility.act

It was 18 republicans pushing through Medicare Part-D in 2003 ... first
major legislation after fiscal responsibility act was allowed to expire.
CBS 60mins does expose that they add one line sentence just before final
vote that precludes competitive bidding and prevents CBO from
distributing report of the effects. CBS finds that within six months
later, all 18 have resigned and on drug industry payroll. CBS shows
medicare part-d drugs that are three times the price of identical
drugs from the VA (which allows competitive bidding)
http://mananan.garlic.com/~lynn/submisc.html#medicare.part-d

By middle of last decade, the US Comptroller General is including in
speeches that nobody in congress is capable of middle school arithmetic
for how badly they are savaging the budget. He also refers to "Part-D"
as enormous gift to the drug industry and says it will come to be
a long term $40T that swamps all other budget items.
http://mananan.garlic.com/~lynn/submisc.html#comptroller.general

The major transition in congress appears to coincide with the new
administration at the start of the century. It is also follows the major
shift in the (national) "Chamber of Commerce" detailed here

The Influence Machine: The U.S. Chamber of Commerce and the Corporate
Capture of American Life
http://www.amazon.com/Influence-Machine-Commerce-Corporate-American-ebook/dp/B00NDTUDHA/

Also about the same time was the lobbying for repeal of Glass-Steagall
and preventing CDOs from being regulated.
http://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagal
which was major factor behind the rise of "too big to fail"
http://www.garlic.com/~lynn/submisc.html#too-big-to-fail

Note that references from a few years ago was that financial industry
had tripled in size (as percent of GDP) during the economic mess and NY
State controller published that total bonuses paid out by wallstreet had
quadrupled during the same period. recently this claims that financial
industry accounts for 30% of profit
https://promarket.org/there-is-regulatory-capture-but-it-is-by-no-means-complete/

I don't consider myself an expert on the financial industry, but the
fact that the financial industry is responsible for something like 30
percent of all profits seems rather remarkable. I am startled by the
size of the financial industry and what it means. I can't believe this
is really needed for the allocation of resources. A lot of it is going
to be rent-seeking. It creates a diversion of resources, especially
human capital, and not only does it create problems for the legitimacy
of income distribution, but that also means resources diverted for this
purpose [rent-seeking] can't be used elsewhere.

... snip ...

financial industry is skimming ever increasing share out of everybody's
pocket.
http://manana.garlic.com/~lynn/submisc.html#inequality

trivia: 17Apr2015, garlic.com put up a new webserver and copied all
files from the old webserver to the new webserver. They may be trying to
target commercial/businesses with the new webserver, since they haven't
provided a way to update personal web pages. However, I've discovered
that they (now/still?) have the old webserver up at manana.garlic.com
for the personal web pages (i.e. "manana.garlic.com" is "forbidden" but
"manana.garlic.com/~lynn" and others work).

-- 
virtualization experience starting Jan1968, online at home since Mar1970

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Re: Qbasic jmfbahciv <See.above@aol.com> - 2016-03-17 13:17 +0000
  Re: Qbasic "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-03-18 08:39 +1100
  Re: Qbasic Walter Banks <walter@bytecraft.com> - 2016-03-18 15:24 -0400
    Re: Qbasic hancock4@bbs.cpcn.com - 2016-03-18 13:22 -0700
      Re: Qbasic Anne & Lynn Wheeler <lynn@garlic.com> - 2016-03-18 15:25 -0700
        Re: Qbasic Anne & Lynn Wheeler <lynn@garlic.com> - 2016-03-29 11:01 -0700
          Re: Qbasic Walter Bushell <proto@panix.com> - 2016-03-31 16:36 -0400
      Re: Qbasic "hanja" <hanja228@gmail.com> - 2016-03-19 09:39 +1100
    Re: Qbasic "hanja" <hanja228@gmail.com> - 2016-03-19 09:14 +1100

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