The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for January 27th, 2011

Islamic rape gangs targeting schools in UK

Posted by iusbvision on January 27, 2011

Related – Islamic rape gangs a serious problem in the UK.

Via The Other McCain:

VIDEO: British Girl, 13, Says Rape Threats Are ‘Happening to Lots of Girls’ at School

In November, we reported on the shocking story of Muslim rape gangs terrorizing girls in Great Britain Now, Eric Dondero at Libertarian Republican has this video interview with a 13-year-old girl — whose accent indicates she’s from northern England — talking about the intimidation she faces at school:

When she reports threats from fellw students to school officials, she says, the boys get no worse punishment than 15 days’ suspension. And, she says, young men are hanging around outside school “every day” trying to pick up girls. Recent headlines in England have been full of similarly lurid tales:

As you can see — and I’ve only sampled a few headlines from the past three weeks — the situation seems to be quite alarming. It’s hard to tell how much of this is media sensationalism, but it certainly doesn’t portend a hopeful prospect for multiculturalism in the U.K.

They use the word “Asian”  instead of Islamic because of the rampant political correctness and fear of physical retaliation.

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Posted in Chuck Norton, Culture War | Leave a Comment »

Heritage: Anti-Drilling Policies Costing Federal Government Billions in Lost Revenue

Posted by iusbvision on January 27, 2011

Related:

Obama arbitrarily revoking coal mining permits, putting people out of work, raising energy costs.

Gas prices up 55% under Obama

Press Grilled Bush When Gas Hit $3.00 – Nada for Obama… UPDATED!

API: Recent Studies Show Obama Drilling Moratorium Will Cost 50,000 Jobs; 160,000 by 2032.

CPI: Big Polluters Freed from Environmental Oversight by Stimulus (government picking winners and losers)

Little Truth in President’s Oil Spill Comments

SCANDAL – Administration lies about conclusion by expert panel to ban off shore drilling. “We never said that” expert panelists say. Obama still refusing skimmer ships from foreign countries….

Another Lie: Obama now fully reversed on offshore drilling.

 

 

Heritage:

Billions of dollars in potential oil revenue that could help close the federal deficit is being lost as a result of President Obama’s anti-drilling agenda.

Production in the Gulf of Mexico — which normally accounts for about 30 percent of all U.S. production — is expected to drop this year by 220,000 barrels per day, according to projections from the U.S. Energy Information Administration.

With oil currently at $90 a barrel and the royalty rate at 18.75 percent, that equals $3.7 million in lost revenue each day.

If the agency projections hold over the course of the year, the federal government would lose more than $1.35 billion from Gulf royalty payments this year.

The number grows even larger when coupled with a lack of Gulf lease sales and fewer rental payments. Those three components — royalties, leases and rent — make up a sizeable amount of government revenue.

The looming shortfall is raising red flags on Capitol Hill. Sen. David Vitter, R-LA, an outspoken critic of the Obama administration’s drilling moratorium and the subsequent slowdown in permitting, first called attention to it in September.

“It’s not only about job loss along the Gulf Coast — the federal government is losing revenue as a result of the administration’s misguided moratorium,” Vitter explained.
“I’ve been attacking the moratorium from multiple angles and will continue to do so until drilling can fully resume.”

Interior Secretary Ken Salazar canceled a Gulf lease sale last October. He postponed another in the central Gulf of Mexico, originally scheduled for March, until 2012. One planned for October 2011 in the western Gulf also could be delayed until 2012. That would make 2011 the first year since 1965 that the federal government has failed to hold a lease sale in the Gulf.

Bonus bids from lease sales averaged about $1 billion in 2009 and 2010, according to data from the U.S. Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE).

The lack of lease sales ultimately means the government will collect less in rent payments by lease holders. Offshore rents currently generate more than $200 million per year.

The Gulf revenue decline comes as Obama’s oil spill commission is recommending new fees for oil companies – a scenario that could be avoided if the government removed barriers to exploration and production.

“Over the years, offshore production royalties have provided billions of dollars to the U.S. government,” saidNational Ocean Industries Association President Randall Luthi, former director of the Minerals Management Service, which predated BOEMRE. “Now, at a time when Congress is looking to maximize efficiency without raising taxes, there sits millions of dollars per day uncollected,” he said.

The Obama administration has dismissed the financial impact. The revenue loss would be “negligible,” Rebecca Blank, under secretary for economic affairs at the Department of Commerce, told a Senate committee in the fall.

“It is difficult to speculate now on the specific impact the moratorium would have over the five- or 10-year budget window, but one would expect the impact on the deficit to be negligible,” Blank wrote to the Senate Committee on Small Business and Entrepreneurship in September.

“Revenues may be higher or they may be lower depending on future years’ oil prices and the time profile of production,” Blank said.

Energy experts said the administration’s policies are certain to have long-term consequences for the industry.

“You continually need new discoveries and new production coming online to replace what’s being depleted,” said Andy Radford, senior policy adviser at the American Petroleum Institute. “These wells taper off over time — the ones that are producing now — so without a continual flow of new discoveries and new production, the number will continue to decrease.”

A report from the economic forecasting firm IHS Global Insight estimated that federal, state and local taxes related to the Gulf, combined with royalty payments, totaled $19 billion in 2009.

Royalties, bonus and rent payments made up more than $6 billion of that number. That pot of money could go a long way toward deficit reduction. And that’s from the Gulf alone.

Significant additional revenues would be generated if the federal government opened access to exploration and production in areas currently closed to development such as the eastern Gulf of Mexico, portions of the Rocky Mountains, ANWR, and the Atlantic and Pacific coasts.

recent study conducted by Wood Mackenzie for the American Petroleum Institute estimated that increased access to those areas would bring $150 billion into federal coffers by 2025.

Why leave so much money uncollected, especially in a time of rising deficits?

Originally published by the Washington Examiner.

 

Posted in 2012, Chuck Norton, Energy & Taxes, Obama and Congress Post Inaugration, Regulatory Abuse | Leave a Comment »

January unemployment still on the rise

Posted by iusbvision on January 27, 2011

Normally unemployment rises a bit for the first two weeks of January. This is because those who lose their jobs in the last two weeks of December tend not to look for work during that time and do not add to the official unemployment number. At the end of December many seasonal hires are let go. This effect causes a mild January bump most years. While uncertainly and fear of what regulatory burden/scheme the government will come up with next continues to damage the economy, part of this bump is what happens almost every January during the first two weeks. What is a bit disturbing is the third weeks increase.

DOL:

In the week ending Jan. 22, the advance figure for seasonally adjusted initial claims was 454,000, an increase of 51,000 from the previous week’s revised figure of 403,000. The 4-week moving average was 428,750, an increase of 15,750 from the previous week’s revised average of 413,000.

The advance seasonally adjusted insured unemployment rate was 3.2 percent for the week ending Jan. 15, an increase of 0.1 percentage point from the prior week’s unrevised rate of 3.1 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Jan. 15 was 3,991,000, an increase of 94,000 from the preceding week’s revised level of 3,897,000. The 4-week moving average was 3,975,500, a decrease of 39,750 from the preceding week’s revised average of 4,015,250.

 

 

 

Posted in Other Links | 1 Comment »

Mark Levin Reaction to Obama SOTU

Posted by iusbvision on January 27, 2011

 

Mark Levin:

President Obama’s foot remains where it has been since the day he entered the Oval Office, on the gas pedal.  He’s not braking for anyone or anything.  All this pre-SOTU spin from Obama’s whisperers, gobbled up by the Obama-hungry media, was always nonsense.  Obama has no intention of touching entitlements in any significant way, period.  Why would he tamper with the New Deal and Great Society when he considers them a good start but insufficiently bold to advance his statist beliefs?  Obama has no intention of honestly working with Republicans on health care, cap-and-trade, etc.  These are hallmarks of his transformative agenda.  They define him and his presidency.  His bureaucracy is working overtime to institute them.

 

It amazes me that some usually thoughtful people seize on anything they can find to argue, or hope, that Obama has been chastened by the last election.  For weeks they’ve pointed to the tax deal as evidence of his “pivoting.”  Actually, what Obama did is tee-up the tax fight for a time when he believes his class warfare demagoguery can be best employed — during the final weeks of his re-election bid.  He already started it last night.  And, of course, the Republicans fell for it, hailing the tax deal as momentous.  Obama is ready to deal some more, they reckoned — a sad delusion.

 

As a matter of basic logic, how could the biggest deficit-spender in American history reverse course and become a responsible fiscal hawk?  It was never going to happen.  How could a man who believes his lot in life is a matter of destiny, his and the nation’s, allow his legacy to be tainted by a Tea Party-driven election?  In his mind, he won’t.  “We are the ones we have been waiting for,” as he famously said about himself and his supporters.  He’s not going to allow a single mid-term election, driven by what he perceives to be yahoos and miscreants, change the course of history — his history or the nation’s.  Too many commentators just don’t comprehend this man.

 

The contradictions and ironies in his speech are too numerous to catalogue.  Suffice it to point out a few of the most glaring examples.  This is our Sputnik moment, he says, at the same time he is cutting NASA’s budget (one of the few programs he wants to cut), directed its top administrator to focus on Muslim outreach, and entered into a treaty with the Russians that weakens our strategic defense efforts.  Obama says he is willing to work with Republicans on reforming Obamacare, yet the GOP has offered several reforms that Obama has completely ignored for they focus on private alternatives and competition — neither of which are compatible with Obama’s top-down, government-driven ideology.  He says Medicare and Medicaid are unsustainable, yet he not only offers no suggestions on how to reform them, he rejects his own Deficit Commission’s recommendations, uses Obamacare to expand Medicaid, and drains resources from Medicare.  Obama’s idea of unleashing research, development, and science to create the new technologies and jobs of the future is centered on targeted federal grants and initiatives — bigger government, more spending, and more regulating.  It is, of course, the American private sector that is the engine of spectacular economic progress.   And a Democrat SOTU speech would not be complete without an attack on the oil industry.  But for the Obama administration’s anti-energy production policies, the oil industry would, in fact, be exploring and drilling more within and around our shores, thereby increasing supply and driving down price.  Still, Obama says the government shouldn’t be subsidizing these companies with tax breaks.  No, direct taxpayer subsidies are to be reserved for GE, GM, Chrysler, Wall Street, Fannie Mae, Freddie Mac, and other favored businesses or quasi-businesses.

 

Obama said that it is time to put party labels aside and work for the nation.  Within 12 hours of that statement, he hit the road to begin his re-election and raise an astounding $1 billion in campaign cash.  I guess he meant for everyone else to put partisan politics aside.  After all, history calls him.

 

We conservatives must stay focused.  We must defeat Obama in 2012 by nominating an intelligent, articulate, confident conservative for president.  We must keep a close eye on the Republican leadership in Congress to make sure it does not return to its loser ways.  Keep in mind; they are not of the Tea Party movement, although they’ve benefited politically from it.  We must continue to take on the Left (including the mainstream media) both intellectually and politically.  And we must send more conservatives to Congress.  Our focus must be victory and we must not be distracted by the symbolism, games, ways, and intimidation tactics of those who’ve brought this great nation to this perilous point.

 

Posted in 2012, Chuck Norton | Leave a Comment »