California's Ailing Government

The AP's Judy Lin reports that California faces a $28 billion deficit:

SJ Mercury

And the hits just keep on coming...

Famous Speeches

Here is a website with transcripts and some audio/video of famous speeches:

http://www.americanrhetoric.com/speechbank.htm

Here is a speech by Barbara Jordan--before Obama, Barbara Jordan spoke of change:

http://www.americanrhetoric.com/speeches/barbarajordan1992dnc.html

And here is the text of one of my favorite speeches, by Barry Goldwater:

http://www.americanrhetoric.com/speeches/barrygoldwater1964rnc.htm

We see in private property and in economy based upon and fostering private property, the one way to make government a durable ally of the whole man, rather than his determined enemy. We see in the sanctity of private property the only durable foundation for constitutional government in a free society. And -- And beyond that, we see, in cherished diversity of ways, diversity of thoughts, of motives and accomplishments. We don't seek to lead anyone's life for him. We only seek -- only seek to secure his rights, guarantee him opportunity -- guarantee him opportunity to strive, with government performing only those needed and constitutionally sanctioned tasks which cannot otherwise be performed...

Balance, diversity, creative difference: These are the elements of the Republican equation. Republicans agree -- Republicans agree heartily to disagree on many, many of their applications, but we have never disagreed on the basic fundamental issues of why you and I are Republicans.

This is a Party. This Republican Party is a Party for free men, not for blind followers, and not for conformists.

That's from 1964, back when Republicans knew what they stood for. How will the GOP recover from its 2008 defeat? All they have to do is look at the not-too-distant past for answers.

________________

Here's a link for the lawyers--speeches by U.S. Supreme Court Justices:

http://www.supremecourtus.gov/publicinfo/speeches/speeches.html

How Did You Vote?

This is the Ron Clark Academy presidential debate. Gotta love the token white guy.

Lyrics to “You Can Vote However You Like”

Obama on the left
McCain on the right
We can talk politics all night
And you can vote however you like
I said, you can vote however you like, yeah

Democratic left
Republican right
November 4th we decide
And you can vote however you like
I said, you can vote however you like, yeah

(McCain supporters)
McCain is the man
Fought for us in Vietnam
You know if anyone can
Help our country he can
Taxes droppin' low
Don't you know oil's gonna flow
Drill it low
I’ll show our economy will grow
McCain’s the best candidate
With Palin as his running mate
They’ll fight for gun rights, pro life,
The conservative right
Our future is bright
Better economy in sight
And all the world will feel our military might

(Obama supporters)
But McCain and Bush are real close right
They vote alike and keep it tight
Obama’s new, he’s younger too
The Middle Class he will help you
He’ll bring a change, he’s got the brains
McCain and Bush are just the same
You are to blame, Iraq’s a shame
Four more years would be insane

Lower your Taxes - you know Obama won’t
PROTECT THE LOWER CLASS - You know McCain won’t!
Have enough experience - you know that they don’t
STOP GLOBAL WARMING - you know that you won’t

I want Obama
FORGET OBAMA
Stick with McCain and you’re going to have some drama
We need it
HE’LL BRING IT
He’ll be it
YOU’LL SEE IT
We’ll do it
GET TO IT
Let’s move it
DO IT!

Obama on the left
McCain on the right
We can talk politics all night
And you can vote however you like
You can vote however you like, yeah

Democratic left
Republican right
November 4th we decide
And you can vote however you like, I said
You can vote however you like, yeah

I’m talking big pipelines, and low gas prices
Below $2.00 that would be nice

But to do it right we gotta start today
Finding renewable ways that are here to stay

I want Obama
FORGET OBAMA,
Stick with McCain you gonna have some drama
MORE WAR IN IRAQ
Iran he will attack
CAN’T BRING OUR TROOPS BACK
We gotta vote Barack!

Obama on the left
McCain on the right
We can talk politics all night
And you can vote however you like, I said
You can vote however you like, yeah

Democratic left
Republican right
November 4th we decide
And you can vote however you like, I said
You can vote however you like, yeah

Where Will the GOP Go Next?

Here are some articles on the battle for the GOP's future--will the Republican Party be able to contain the competing viewpoints of its reformists, traditionalists, and secular conservatives?

David Brooks: http://www.nytimes.com/2008/11/11/opinion/11brooks.html

National Review: National Review Corner

Rod Dreher: Crunchy Con

Yours Truly: Hey, Hey, Ho, Ho, Palin's Got to Go

And, just for kicks, a biblical perspective on immigration: Dr. Lindy Scott

Retirement Options for the Self-Employed

If you're self-employed, you have access to multiple retirement accounts, including a SEP IRA, a SIMPLE IRA. and, if you run your business just by yourself, an individual 401k. But how much asset protection do you really have with these retirement options? I can't vouch for the accuracy of the information below, because it's from 2005, but the basic information appears to be useful:

http://www.financewin.com/html/Taxes/200511/IRA-Protection-10193.htm

Because I save a lot of money in my retirement accounts, I've always been concerned about what would happen if I somehow received a judgment against me. Perhaps I need not have worried.

On October 17, 2005, the bankruptcy reform law, formally named The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (11 USC 101), went into effect and apparently protects most retirement accounts.

SEC. 224. PROTECTION OF RETIREMENT SAVINGS IN BANKRUPTCY.

   (a) In General.--Section 522 of title 11, United States Code, is
amended--
           (1) in subsection (b)--
                   (A) in paragraph (2)--

[[Page 119 STAT. 63]]

                         (i) in subparagraph (A), by striking ``and''
                     at the end;
                         (ii) in subparagraph (B), by striking the
                     period at the end and inserting ``; and'';
                         (iii) by adding at the end the following:
           ``(C) retirement funds to the extent that those funds are in
       a fund or account that is exempt from taxation under section
       401, 403, 408, 408A, 414, 457, or 501(a) of the Internal Revenue
       Code of 1986.''

Basically, it appears the bankruptcy law allows you to protect most retirement accounts against creditors when you declare bankruptcy. For more information, you should contact a CPA or tax attorney.

GM's Woes

The AP has finally reported that GM might be going bankrupt: AP Story on GM

The press, as usual, is slow to catch on. I predicted GM's bankruptcy last year, in a letter to The Metro: [Metro Letter]

[A]lmost no one in the private sector receives pensions or lifetime medical benefits, and all the private companies who used to offer such benefits, such as General Motors and Ford, are changing their policies and are slowly going bankrupt.

I hope Lee Iacocca was wrong when he (reportedly) said, "As goes General Motors, so goes the nation." But Mr. Iacocca seems to be blessed with accurate foresight--see Where Have All the Leaders Gone?, published May 2007:

Am I the only guy in this country who's fed up with what's happening? Where the hell is our outrage? We should be screaming bloody murder. We've got a gang of clueless bozos steering our ship of state right over a cliff, we've got corporate gangsters stealing us blind, and we can't even clean up after a hurricane much less build a hybrid car. But instead of getting mad, everyone sits around and nods their heads when the politicians say, "Stay the course." Stay the course? You've got to be kidding. This is America, not the damned Titanic. I'll give you a sound bite: Throw the bums out!

It's just a little bit of history repeating...

Reason #3947 to Be Libertarian

The price of freedom is eternal vigilance--not just against foreign influence, but also against our own government agents. Our government has spent our money going after a man, Sayed Mousavi, who wanted to promote cell phones in Iran. He also did not report a portion of his taxable income (for which he should be punished financially). The government used a law called the International Emergency Economic Powers Act (IEEPA) to convict him. Yet, no one believes this man is a terrorist except perhaps the American government and their lawyers. The most distressing detail is that our government removed Seyed Mahmood Mousavi's American citizenship by claiming he lied on his citizenship application. They apparently used mis-translated documents as evidence. 

To those would say America is a place where all citizens can breathe free post-Obama, the government's prosecution of Mr. Mousavi is a harsh lesson that vigilance must remain high. Even if Obama issues executive orders nullifying enforcement of the Patriot Act, such as canceling Executive Order 13224, more laws exist to harass citizens and non-citizens in America. 

Laura Donohue, a Stanford fellow, once said that counterterrorism activity increases "executive power both in absolute and real terms. This changes the balance of power at a federal level between the branches of government. It changes the relationship between the citizens and the state." Executive Order 13224, mentioned earlier, gave the White House and the Treasury the power to freeze assets of those they suspect of being terrorists and those they suspect have associations with terrorists. In other words, citizens "can have their assets frozen without being found guilty in any court of law for actually having any association with terrorism itself." "Between October 2001 and April 2005, 743 people and 947 organizations had their assets frozen underneath this order. 98% of the people, and 96% of the organizations, appeared to be Arab or Muslim." (Laura Donohue, Commonwealth Club speech, 9/11/08, page 20-21 of the November 2008 The Commonwealth magazine). 

Unfortunately, Obama is not proof that this country has progressed past its religious intolerance. Obama is Christian. Bobby Jindal, another political up-and-comer, converted to Catholicism. If you are not some form of Christian in America, and you have innocuous ties to Middle Eastern countries, the government is apparently willing to charge you with a crime. I realize Mr. Mousavi may have violated a trade embargo, and if he knowingly violated the law, jail-time is warranted. What terrifies me is our government, rather than prosecute him specifically for his violation of the trade embargo, actively expanded its prosecution to remove his citizenship--despite no evidence that he was a terrorist or danger to his community. 

Also, I've never heard of International Emergency Economic Powers Act (IEEPA). It seems that so many laws have been passed, the government can classify any transaction with a Middle Eastern country or charity as illegal. Overly broad laws effectively intrude on personal associations and the right of peaceful assembly guaranteed under the First Amendment. For example, if I believe that my association with others can be used against me in the future, I may alter my behavior and self-banish myself from others who share minority religious or political views. Thus, the Patriot Act and other laws similar to it--which apparently do not require any malicious intent or actual damages--have the effect of violating the First Amendment by their mere existence. 

If you are interested in more information on domestic surveillance laws and activity, get the November 2008 edition of The Commonwealth magazine. One section of Donahue's speech is titled, "Better than the Stasi," referring to domestic law enforcement activities.