The first section of California's high-speed rail boondoggle will cost roughly $3-7B more than initially thought. Imagine that, it will cost more than initially thought! That is like saying the sun will rise in the East. In fact, we think that those that supported this "Train to Nowhere" knew it would cost more but low balled the estimates to make it more palatable politically. Only now that we are breaking ground do we find out that we are going to be paying a hell of a lot more. And I say we as the cost of this project is being subsidized by taxpayers int he other 49 states. Outside of a few corridors, high-speed rail makes zero sense except to satisfy those that think the USA needs to be more like Europe. We need to stick a wooden stake into the heart of the vampire known as high-speed rail and do so quickly. (H/T Hot Air)
Here at Opinionator headquarters, we do not begrudge President Obama a vacation. Even if he does take a lot of them and seems to play more golf than a PGA Tour pro. However, doing so in the middle of such a rough patch in the economy in which we are being counseled to accept austerity is terrible optics for the White House. How bad? When a reliable liberal like Colbert King starts attacking President Obama over the appropriateness of taking a vacation, you know it looks bad.
In the meantime, we will rejoice in the fact that there is very little damage that Obama can do to the country while on vacation and encourage him to take more of them.
Governor Rick Perry of Texas announced his candidacy for POTUS. A great day indeed! Here are excerpts from his declaration speech,
"You see, as Americans we’re not defined by class, and we will never be told our place. What makes our nation exceptional is that anyone, from any background, can climb the highest of heights. As Americans, we don’t see the role of government as guaranteeing outcomes, but allowing free men and women to flourish based on their own vision, their hard work and their personal responsibility. And as Americans, we realize there is no taxpayer money that wasn’t first earned by the sweat and toil of one of our citizens."
"America’s standing in the world is in peril, not only because of disastrous economic policies, but from the incoherent muddle that they call foreign policy. Our president has insulted our friends and he’s encouraged our enemies, thumbing his nose at traditional allies like Israel."
"In 2003, and again this year, my state faced billions of dollars in budget shortfalls. But we worked hard, we made tough decisions, we balanced our budget. Not by raising taxes, but by setting priorities and cutting government spending."
"Since June of 2009, Texas is responsible for more than 40 percent of all of the new jobs created in America."
"We do not have to accept our current circumstances. We will change them. We are Americans. That’s what we do. We roll up our sleeves. We go to work. We fix things."
"One in six work-eligible Americans cannot find a full-time job. That is not a recovery. That is an economic disaster."
"The fact is for nearly three years President Obama has been downgrading American jobs. He’s been downgrading our standing in the world. He’s been downgrading our financial stability. He’s been downgrading our confidence, and downgrading the hope for a better future for our children. That’s a fact."
"In America, the people are not subjects of government. The government is subject to the people."
The 11th Circuit Court of Appeals reached the obvious conclusion that the mandate in ObamaCare is unConstitutional.
"This economic mandate represents a wholly novel and potentially unbounded assertion of congressional authority: the ability to compel Americans to purchase an expensive health insurance product they have elected not to buy, and to make them re-purchase that insurance product every month for their entire lives."
Surprisingly, the three judge panel was split. The dissenting judge clearly thinks that the Commerce Clause allows Congress almost unlimited power. I have often wondered if we are on a trajectory in which the Constitution becomes subservient to the Commerce Clause contained within. Next step, the Supreme Court.
In reading the reactions of the Left to the Debt Deal, it is clear that they are furious about the lack of a tax increase. It is equally clear that they do not care about the detrimental effect this would have on the economy, they want tax increases to punish the rich. Or as one person I know continually refers to them, the "filthy rich". This is all about envy. President Obama has fanned the flames of class envy and this is the result. Ironically, he may be the one getting burned.