John Ransom

So I’m reading this email teaser from National Journal’s Influence Alley called Spending Cuts Added to Plan B that says: “In a bid to win more support for Republican House Speaker John Boehner's Plan B to cut taxes for everyone but millionaires, GOP leaders are adding a second bill that would reduce the deficit and avoid the sequester, a GOP leadership aide told the Alley.”

So first I’m thinking “What tax cut?” Doesn’t a tax cut necessitate some sort of tax “cutting” action? The net result of the proposal is to increase taxes for some. If these guys worked on Wall Street and were this sloppy about language they’d go to jail.

And then I’m thinking “What spending cuts?” Doesn’t spending cuts require government spending to actually go down?

Only with DC’s dishonest budget math- thank you Dan Mitchell- can politicians claim that spending that will rise year-over-year for forever, is somehow spending cuts.      

So lastly I’m thinking “Thank God I have a gun.”

70 years after the New Deal, the public is waiting around for a true deal; a deal calculated for real people, not a welfare line for government workers and ideological scamsters.   



“No lesson seems to be so deeply inculcated by experience of life” Lord Salisbury told us “as that you should never trust experts. If you believe doctors, nothing is wholesome; if you believe theologians, nothing is innocent; if you believe soldiers, nothing is safe.”

For close to a century experts have told us to put out trust in government. We have a host of them in our life everyday: Federal Reserve bankers, Education Department officials, Union economists, scientists on the government dole, Energy Department officials all here for our own good.


John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.
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