Political Football

There seems to be a debate on whether there are votes to carry Federal Tax issue in the Iowa House.  We shall see.

The US House has actually denied the President his wish to increase taxes on wealthy people who contribute to charities in a large way == read more here - it was unanimous – cool.

The failure of the newspaper business is no different that other businesses. Bailouts are wrong – bad business models should FAIL and better business models rise from the ashes. The NYT’s failures are not akin to Darfur.

When we visited David Vaudt, our State Auditor in his office yesterday he told us he is facing a 26.6% budget cut. Most of his buget is for payroll and to audit various activities, much of which is prescribed by law. He explained that in addition to the cuts, the format of having to audit larger and more complicated budgets takes more time not less. In comparison the Secretary of State’s budget will only be cut 8.1% and the State Treasurer’s budget is being cut by just 10.8%. In fact, the entire Administration and Regulation Appropriations Subcommittee budget, which includes these three offices, averages an 11% cut for all offices in their proposed budget. Vaudt, the only Republican office holder out of the three offices under the jurisdiction of this Committee, recently sent a letter to the respective chairs in the House and Senate to voice his objection to the plan. AND he was on the radio voicing his concerns yesterday.

The President is labeling himself as a bridge builder at the G20 summit.  Someone needs to tell me why we have to build the whole damn bridge though…  who else changed?  Not China.  Not Russia.  Not Nobody – we just gave a LOT.  someone needs to define Compromise and Capitulation to our new President.  That is not Leadership I want.

Capitulation
1. giving up: surrender or a giving up of resistance
2. terms of surrender: a document that sets out the agreed terms of surrender

Compromise
1. an accommodation in which people involved partially reduce their demands and settle differences;
2. a lowering of principles and weakening of morals for supposed gain.

Hmmmm… even compromise doesn’t sound that good.

Have a good night.

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