Communist China

I have typically had very favorable encounters with Chinese of all kinds: Chinese-Americans who fled Communism; Taiwanese and Mainland students in the US and Japan; ethnic Chinese from Singapore and Thailand, or met in Indonesia; Chinese of all sorts met when I lived in Japan. China's economic growth has been fantastic and pulled many people up and out of poverty. That said, Communist China sucks.

Communist China has been attempting to violate its agreement with the United Kingdom on the return of Hong Kong, the agreement to protect autonomy for Hong Kong. Communist China is trying to crush Hong Kong's democratic and capitalist system, crush its success, and crush its populace. It has begun killing freedom protesters, a foregone conclusion.

Communist China claims to protect its ethnic minorities, but it systematically oppresses and incarcerates on a massive scale its Uighurs, a Turkic Muslim minority. Vice President Mike Pence has spoken out against this, but few others seem to care, Turkey's strongman excluded.

Communist China invaded Tibet and exiled the Dalai Lama. Ever threatened by a possible competitor to its power, it feted a ChiCom-approved puppet impostor. It also has a state-sponsored Patriotic Catholic Church to thwart papal influence.

Communist China continues patrolling and building in disputed waters and on disputed islands; it intrudes on the waters and skies of Japan, South Korea, Vietnam, the Philippines, and others. Communist China persists in intimidating and squeezing Taiwan, the Republic of China. Whenever Communist China finally feels able to invade Taiwan, the carnage will be awful.

Communist China turns out quality products, but plenty of shoddy stuff. Foodstuffs are often unfit for human consumption and sometimes fatal to animals.

Communist China requires that foreign firms allow access to Chinese nationals, government operatives, and outright spies and competitors in ways no other country does. Amazingly, many foreign firms have been happy to turn over their hard-won technologies and trade secrets with nary a complaint.

Communist China has been oppressing the Falun Gong religious group for years.

Communist China reportedly harvests organs from the incarcerated, sometimes while they are still alive.

Communist China tracks everything it can to control its population. Its Social Credit system is dystopian, but plenty of foreign companies and governments are abetting it.

Communism sucks terribly, and so does Communist China.

Election Day

This morning my wife and I arrived at the polls a bit after six. The room was already full, which made me happy and, as a foreign acquaintance once reminded me, thankful that I was able to vote. However, the best thing in the polling place was seeing only paper ballots, no electronic voting machines.

Rep. Susan Brooks and Others Failed to Act

While looking at the TaxProfBlog, I found that 55 GOP members of Congress wrote the President to ask for Koskinen of the IRS to be fired. Koskinen seems unperturbed that the IRS has systematically abused conservative political groups, for which Lois Lerner's name might ring a bell. As this Forbes articles notes, Koskinen has stonewalled Congressional inquiry while dubious events have continued, perhaps worsened, at the IRS.

It was extremely disappointing yet unsurprising to see my representative, Susan Brooks (R), did not sign the letter requesting Koskinen's firing. She is apparently fine with Koskinen and using the IRS to conduct partisan political warfare.

Indeed, only one of Indiana's nine Congressional Representatives, Jim Banks (IN-03), signed the letter. How pathetic.

Election Day, 2016

After my morning class, I took my girlfriend up to vote. The line for our district was quite short, so we whisked right inside. It was nice to see people exercising their rights to determine the future course of government at all levels.

Sen. Dan Coats: National Debt Hypocrite

Senator Dan Coats claims to be concerned about the national debt, according to the "Coats Notes" email attached below. However, Senator Coats voted to reauthorize the Export-Import Bank in 2012. The Export-Import Bank, formed under statist Franklin D. Roosevelt in 1934, exemplifies crony capitalism—crapitalism—by providing low-interest loans to US firms, typically massive companies like Boeing (thus US taxpayers are subsidizing foreign airlines competing against Delta; Cato Institute has more on the crapitalist Ex-Im Bank) and Exxon-Mobil that are more than able to come up with money on their own on open markets but prefer using cheap money taken from US taxpayers.

When it comes to expressing concerns about the national debt and budget, Senator Coats is a rank hypocrite who deserves to be voted out of office.

No Democrats voted against HR 2072 (112th session of Congress), which means every sitting Democrat felt that taking money from you to help corporations they like (and which surely like them) was a legitimate use of your taxes. Interestingly, Bernie Sanders abstained from voting.

From: Senator Dan Coats <enews@coats.senate.gov>

Date: Mon, 9 May 2016 15:56:51 -0400

Subject: Coats Notes: Debt Deniers Ignoring the Truth

Debt Deniers Ignoring the Truth

 

Much has been made about a recent TIME cover story that boldly declared that every American man, woman and child owes $42,998.12 to pay off our national debt.

The article's author, James Grant, framed the federal debt as a burden to be paid by every U.S. citizen, personalizing an otherwise abstract and impersonal statistic. But as Grant himself admits, this visualization tool does not even include intragovernmental debt, which would bring the amount owed per citizen closer to $60,000.

Critics of Grant's piece quickly attempted to dismiss our $19 trillion national debt as a non-issue or a problem easy to solve, as outlined in a Joint Economic Committee report this week. Yet denying that the current size or trajectory of U.S. federal debt is a problem is both dishonest and insulting to the American people. Indeed, despite the claims of some critics, we cannot continue to discount the short-term and long-term effects of our country's debt burden.

These "debt deniers" make three main assertions that must be refuted.

1) Debt deniers say our national debt is not that large, and that the deficit is sustainable.

When President Barack Obama took office, our national debt stood at $10.6 trillion. It now tops $19.2 trillion and is eating up a historically large share of the gross domestic product (GDP). Federal debt is roughly double its historical average of 39% of GDP and set to outpace economic growth over the next decade.

According to the nonpartisan Congressional Budget Office, publicly held federal debt is projected to rise to 85.6% of GDP by the end of the next decade, and to 155% within three decades -- the highest percentage ever recorded in the United States. Even the Obama administration's Treasury Department explicitly noted in its annual financial report, "The continuous rise of the debt-to-GDP ratio after 2025 indicates that current policy is unsustainable."

This is a large, dangerous and growing problem.

2) Debt deniers assert there is still time before policymakers need to make drastic decisions.

The CBO estimates that if Congress aims to simply maintain the current debt-to-GDP ratio for the next 25 years, revenues would need to increase by 6% annually, or noninterest spending would need to fall 5.5% annually. Attempting to bring publicly held federal debt back to its historical average would require 14% annual revenue increases or 13% annual noninterest spending cuts.

Can policymakers reprioritize federal spending without restructuring current programs? Not really. Within the next decade, more than 98% of federal revenue will be consumed just by mandatory spending and interest payments on the debt. That does not include spending on other important priorities like national defense and medical research.

With spending on the rise, the longer it takes for policy action, the more significant the changes must be. This is a problem requiring immediate action.

3) Debt deniers claim that reducing debt by slowing spending growth could hurt economic growth.

High levels of publicly held federal debt as a share of the economy negatively affect the private sector. The 2016 Economic Report of the President recognized this threat in other major advanced economies, but the report fails to consider the potentially destructive consequences of high federal debt in the United States. Rising federal debt dampens economic growth, burdening future generations with diminished opportunities and a larger debt burden to pay off.

Painting our national debt as a non-issue is a disservice to the average American because doing so makes it more difficult for our elected representatives to come together in bipartisan agreement to make credible, lasting fiscal reforms.

With all this in mind, Congress should heed the overall warning of TIME magazine's cover story. The U.S. federal debt is a significant problem, and it must be addressed soon. There is no denying this reality.

 

To Pay the Duck

Since developing a friendship with a Brazilian EE professor, I have been spending time each day on Duolingo to learn a bit of Portuguese. I also read some Brazilian news and follow the ongoing protests for the removal of sitting president Dilma Rousseff. Today I encountered the expression to pay the duck, which is mentioned in this article.

Exactly how it's said in Brazilian Portuguese, I have yet to confirm, but perhaps it is pagar o pato.