Comments for The Berger Memoranda

Comment on Shrinking the Fed by Elena

Elena — Thu, 31 Jan 2013 02:26:55 +0000

This makes sense to me I\’m Sick of Inherited The Washington Post babbled again today about Obama iniiehtrng a huge deficit from Bush, blah blah blah. Amazingly enough, a lot of people swallow this nonsense.So once more, I\’ll try a short civics lesson.Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democratic Party. They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 2011. In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush, somewhat belatedly, got tough on spending increases. For FY 2009, though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets. And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009.Let\’s remember what the deficits looked like during that period:If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. If Obama inherited anything, he inherited it from himself.In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.WAKE UP AMERICA BEFORE IT IS TOO LATE.

Comment on Liberty Lost by TSA folies « Eikonal Blog

TSA folies « Eikonal Blog — Tue, 23 Nov 2010 16:29:20 +0000

[...] Lost (The Berger Memoranda blog; 2010.11.19) – http://bergermemo.wordpress.com/2010/11/19/liberty-lost/ [...]

Comment on A Dangerous Loss of Humility by John

John — Thu, 05 Aug 2010 00:06:22 +0000

What a ridiculous article! The author violates the basic tenet of humility by insisting the President to be the ‘personification of a dangerous loss of humility’. Why? Because his politics are in contradiction to the author’s! Before he takes the speck out of the President’s eye, the author should be extracting the log in his own!
I think the free market would be the last arena of enterprise to declare itself as humble. With literally billions spent on ‘spin’ and ‘market profile’ and ‘bottom line ethics’, the intentional re-directing of wealth to an increasingly smaller percentage of the overall population is hardly the stuff of humility. Humility honors others before self – the gain of others before one’s own gain. Even the most simplistic take on the free market knows it doesn’t like that.
‘Greed is good’ is about as arrogant as it gets. The fact the author tries to twist it into humility defies all logic. It belongs in the same category of misnomer as ‘friendly fire’ and ‘redemptive violence’.

Comment on Chills by donwado1

donwado1 — Thu, 22 Jul 2010 02:54:14 +0000

I do not think it is the same feeling. I think you feel fear. Don

Comment on A New Fed Chairman? by euandus2

euandus2 — Wed, 16 Dec 2009 18:16:56 +0000

Well, it certainly is convenient that Time would make its announcement just before the Senate is due to take up his re-appointment. Let’s see…banks…the Federal Reserve…and media companies. And then there is little old representative democracy. If you got my drift and absolutely gotta have more or you will hate yourself forever…well, here, I better give you the link so you can imbibe more. http://euandus3.wordpress.com/2009/12/16/fed-chief-bernankes-use-of-the-media-a-convenient-man-of-the-year-just-before-the-senates-debate-on-him-hmm/

Comment on Musical Inspiration for Economic Policy by nineness

nineness — Tue, 05 May 2009 16:52:25 +0000

From the work that 6th grade math students do, we do not have to worry about the future taxpayers complaining about the rates nor the amount of tax. They say that 5% tax on a $300 item is $.05, for a total of $300.05. Hmmmmmm….

Comment on The Economics of Good Intentions by Judel Morrforus Foir

Judel Morrforus Foir — Thu, 23 Apr 2009 21:21:14 +0000

Also, government overlap at the various levels of government leads to waste. Further, government is not as frugal as individual companies or individuals. Most money allocated to government could be better used elsewhere.