May 8, 2010

35 Years After Vietnam…

Filed under: Education,Taxes & Government,US & Allied Military — Rose @ 11:22 am

From my friend Dan Bare, Executive Director of Clermont County Veterans Commission. Dan and his fellow warriors continue to fight the good fight today through outreach and education; spearheading the effort for more & more accurate teaching of American History in our schools, to name one example.

35th anniversary of the end of the Vietnam War
Dan Bare
Friday, May 7, 2010

This past Friday, April 30, 2010 marked the 35th anniversary of the Communist victory of the Vietnam War.

In my opinion, our military men and women did not lose the war but were actually prevented from winning by our own politicians, the media and many United States citizens and protesters that did not have the stomach for war.

…I can’t change history but I would like to offer some myth-busting facts and statistics about the Vietnam Veteran.

Myth: The United States lost the war in Vietnam

Reality: The American military did not lose a battle of any consequence. This included the Tet Offensive in 1968, which was a major military defeat for the Viet Cong (VC) and the North Vietnamese Army (NVA).

The fall of Saigon happened on April 30, 1975, two years after the American military left Vietnam. How could we lose a war we had already stopped fighting?

Myth: Most Vietnam Veterans were drafted

Reality: Two-thirds of the men who served in Vietnam were volunteers. In contrast, two thirds of the men who served in World War II were drafted.

…Hollywood movie producers and most of the media did great harm to the Vietnam veteran by always portraying them in a very negative way that was just not true! Jane Fonda was a traitor in 1972 and in 1999 was profiled by ABC’s “100 years of great women.”

Final thought: War is brutal, very unfair and innocent people will get killed. Once engaged, always let the military do their job and self-serving politicians should stay out of the way. If we get in it, we should only be there to win it! Anything else does even more damage, just ask a Vietnam veteran.

Amen, brother, and thank you for your service. The entire piece is here.

Make no mistake, the efforts of men & women across this nation like Dan are as crucial to the correction of this country as Samuel Adams and Thomas Paine were to its founding.

CBO Estimate: $85 Billion April Deficit, Federal Receipts Still Falling; AP, Rest of Media Ignore

AprilSurplusAndDeficits2001to2010If a genuine, sustained economic recovery is truly underway, why can’t the government show us the money? This would appear to be a question the establishment press has no interest in answering.

As seen in the graphic at the right (HT to an e-mailer), when the government’s Monthly Treasury Statement is released next Wednesday, anticipation is that it will show an April deficit of $85 billion. That estimate comes from the Congressional Budget Office, which released its Monthly Budget Review yesterday.

The government almost always runs an April surplus because it’s the biggest month for tax collections. Individual filers have to settle up what’s left of their previous year’s liabilities with Uncle Sam on April 15, and the first installments of current-year individual and corporate estimated taxes are also due.

But as seen in the chart that follows, April receipts have cratered during the past two years by stunning amounts compared to April 2007 and 2008. The April 2010 plunge continues a nearly unbroken trend of year-over-year declines in monthly receipts going back almost two years:

USrecsAndDeficitApril2007thru2010

(Sources: last Daily Treasury Statements issued in April 2007, 2008, 2009, 2010, saved at web host; Monthly Treasury Statements for April 2007, 2008, and 2009)

The main reason April has turned so ugly during the past two years isn’t spending (though that has of course increased significantly). The $158 billion reduction in receipts explains almost 65% of the $244 billion two-year swing (from +$159 to -$85). The 46% drop in the “Direct Paid Income and Employment Taxes” line item is the primary culprit, accounting for $119 billion of the $158 billion collections reduction. Closely-held corporations and the self-employed are not generating nearly as much taxable income as was the case two years ago.

Associated Press searches on “CBO” and “Congressional Budget Office” at about 10:30 a.m. Eastern Time returned nothing relevant and nothing relevant, respectively. A Google News search on “Congressional Budget Office” returned four items. One item from the AP is literally a data dump of information that is mostly from March. Two of the other three items are a brief report from Dow Jones and a Buffalo News column by Robert Murphy of the Pacific Research Institute that analyzes the country’s dismal long-term financial outlook while it stays on its current trajectory.

The final item at the Hill is a probable preview of the press spin when the Monthly Treasury Statement comes out next week: “Oh boy, the deficit’s not so bad.” Entitled “Budget deficit about $800 billion, unlikely to hit projected levels,” here’s the money paragraph:

Record deficits of more than $1.5 trillion for this year were estimated by the Office of Management and Budget and the nonpartisan Congressional Budget. But with only five months left in the fiscal year, shortfalls are unlikely to reach those levels.

Well of course not, as I explained early last month when the administration manipulatively threw a $115 billion non-cash item into March’s reported results that created a supposedly “dramatic” deficit reduction:

In essence what happened is that the administration pushed as much “bad news” (asset writedowns) as it could into last year’s financial reporting, since last year was going to be a disaster no matter what. But since they overdid it with the (TARP-related) writedowns last year (”Gosh, how did that happen?”), they can make this year look better than it really has been.

Until the monthly reports show us consistently increasing amounts of money coming in from economic activity and genuine attempts at controlling spending, any evidence presented that Uncle Sam’s fiscal situation is improving will be illusory.

Cross-posted at NewsBusters.org.

Latest Pajamas Media Post (‘The Tea Party of the 1930s’) Is Up (Related: On Vote Coercion and Vote Fraud)

Filed under: Economy,Taxes & Government — Tom @ 8:56 am

It’s here.

It will go up here at BizzyBlog on Monday morning (link won’t work until then) after the blackout expires.

______________________________________________

Related: When I submitted the column, I had lost track of where I found the link indicating that there was concern during the fall of 1938 over coercion of those “receiving relief” in the upcoming November off-year elections. Here it is, from the New York Times on Election Eve (article text here and below obtained from ProQuest library database):

NYT11081938onPreelectionVoteCoercio

“Relief workers” were those who were doing jobs at FDR-created entities like the WPA (Works Progress Administration). “Relief recipients” were those also referred to as being “on the dole,” a predecessor of the system that turned into “welfare” (Aid to Families with Dependent Children) in the 1960s.

RNC Chair Hamilton’s concerns about WPA-related coercion were not without foundation:

NYT11041938onWPAcoercion

More generalized vote fraud was also a legitimate worry:

NYTonNJvoteFraud11061938

The only difference in the Democratic Party’s electoral conduct seven decades later is in its degree of sophistication. Just because ACORN isn’t officially around any more doesn’t change the party’s primal impulse towards coercion and fraud to retain its power.