About Me

Name:
Mike LaFerrara

Location:
New Jersey

Greetings and welcome to my blog. My name is Michael A. (Mike) LaFerrara. I sometimes use the pen name Mike Zemack, which I still use to sign my blog posts. Zemack stands for the first letters of the names of my six grandchildren. I was born in 1949 in New Jersey, U.S.A., where I still reside with my wife of 39 years, Kathleen. I have two daughters, Christine and Susan, and two sons-in-law, Jason and Jerome. The goal and purpose of my blog is the discussion of current or historical events based on my philosophical, moral, and political principles. For a full discription of the purpose of this blog, see my Introduction. I can be reached at mal.atlas@comcast.net. Thanks, Mike LaFerrara.

My Complete Profile


    Of Special Interest
FIRM Healthcare Publications
ARC On Healthcare
Sub-Prime Mortgage Crisis
ARC's Response to the Financial Crisis
The Financial Crisis: Causes and Possible Cures

    Principled Files
Ayn Rand and Objectivism
Books
Business and Economics
Capitalism and Free Markets
Constitution and Law
Culture
Education
Eminent Domain
Environmentalism
Government
Healthcare
History
Holidays
Individual Rights
Morality
New Jersey
Philosophy
Politics
Religion
Science
Socialism
World Affairs

    Influential Books
-ATLAS SHRUGGED by Ayn Rand
-AYN RAND'S NORMATIVE ETHICS...The Virtuous Egoist Tara Smith
LIBERAL FASCISM...The Secret History of the American Left, From Mussolini to the Politics of Meaning Jonah Goldberg
-MORAL MINORITY Brooke Allen
-REAGAN'S WAR Peter Schweizer
-SOMETHING FOR NOTHING: The All-Consuming Desire that turns the American Dream into a Nightmare Brian Tracy
-STATE OF FEAR Michael Crichton
-THE CAPITALIST MANIFESTO Andrew Bernstein
-THE FOUNTAINHEAD Ayn Rand
-THE OMINOUS PARALLELS...The Chaos of Pre-Hitler Germany...and The End of Freedom in America Leonard Peikoff
EXPLAINING POSTMODERNISM...Skepticism and Socialism from Rousseau to Foucault

    Recommended Reading
-Moral Health Care vs. “Universal Health Care” by Lin Zinser and Paul Hsieh

-Health Care is not a Right by Leonard Peikoff

FAQ on Free Market Health Insurance

Mandatory Health Insurance: Wrong for Massachusetts, Wrong for America

Principles of a Free Society

The Comprachicos

Why Individual Rights?

    Meaningful Quotes
-"I love getting older...I get to grow up and learn things." Madalyn, then 5 years old, Montessori student, and my grand-daughter

-"Nature, to be commanded, must be obeyed." Francis Bacon

-"Freedom is never more than one generation away from extinction." Ronald Reagan

-"Thinking is hard work. If it weren't, more people would do it." Henry Ford

-"Intellectual freedom cannot exist without political freedom; political freedom cannot exist without economic freedom; a free mind and a free market are corollaries." Ayn Rand

Friday, December 9, 2011
The "Tea Party Budget" Emerges
“The only way we will ever reduce the debt and balance the budget is if ... tea party activists take over this process.”
Matt Kibbe
Washington, DC

* Repeals ObamaCare in toto.
* Eliminates four Cabinet agencies — Energy, Education, Commerce, and HUD — and reduces or
privatizes many others, including EPA, TSA, Fannie Mae, and Freddie Mac.
* Ends farm subsidies, government student loans, and foreign aid to countries that don’t support us
— luxuries we can no longer afford.
* Saves Social Security and greatly improves future benefits by shifting ownership and control from
government to individuals, through new SMART Accounts.
* Gives Medicare seniors the right to opt into the Congressional health care plan.
* Suspends pension contributions and COLAs for Members of Congress, whenever the budget is in
deficit.


These are some of the highlights of the newly released Tea Party Budget proposal. As FreedomWorks puts it, "The only means for reducing government is to cut programs and confine the power of government." The Tea Party Budget does just that. I have only given it a brief glance, but it is definitely a major step in the right direction. It should please anyone outside of the parasite/power-lust axis.

The Ryan budget was a start, but it only reduced, but did not eliminate, the deficits. Disagreements over specifics aside, the Tea Party budget is the real deal, in the sense that it doesn't tinker around the edges with, for example, "cuts" that really amount smaller spending increases. As Don Watkins says in this interview, the best feature of the Tea Party budget is that "It reintroduces the 'A' word - ABOLISH!"

I particularly like the feature that abolishes government student loans, one of the most destructive higher educational intrusions by government ever, if not the most destructive. For example, Neal McCluskey reports in the New York Post on how "the jet fuel [of] federal student aid" has driven college tuition through the roof. He calls it a "College-Cost Crisis", which it surely is, and a government-created one.

This budget in noteworthy in that it attempts to reign the federal government back within the confines of constitutional constraints. Taking the constitution seriously is also a good first step. Of course, the next steps will be more difficult - addressing the constitutional vagueness and the loopholes that opened the door to statism (ex. the Commerce Clause). And, even more critically, the budget must be philosophically, not just constitutionally, defended.

Culturally, this budget - along with the Occupy Movement - should spark the Tea Party, which has grown a little stale of late. A reinvigorated Tea Party should help make 2012 the most consequential presidential election cycle in decades.

On the political front, the question is: Will any of the GOP presidential candidates embrace the Tea Party budget? This will be a test of which if any of them is the real deal.

Stay tuned.

Labels: , ,



Permalink - 5:59 PM  
  1 comments



1 Comments:
At December 14, 2011 2:00 PM, Anonymous Mike Kevitt said...

trying to leave a comment

 

Post a Comment

<< Home



    Search

Philosophy, Who Needs It?

The Objectivist Ethics

Atlas Shrugged: America's Second Declaration of Independence



    Blogs of Interest
FIRE
George Reisman's Blog
Junk Science
Laissez Faire:The Case for Capitalism
Leonard Peikoff
More From Zemack
Myrhaf
NoodleFood
Pedagogically Correct
Rational Jenn
Rule of Reason
Sylvia Bokor Comments
The Objectivist
The Rational Capitalist
The Undercurrent
TOS Blog
VOICES for REASON
We Stand Firm

    Sites of Interest
Ayn Rand Campus
Ayn Rand Institute
Ayn Rand Lexicon
Capitalism Magazine
Center for Industrial Progress
Objectivist Answers
The Capitalism Site
The Objective Standard
Thomas Sowell

    Videos of Interest
-Ayn Rand's Ideas: An Introduction

Atlas Shrugged - America's Second Declaration of Independence

-The Separation of School and State: The Case for Abolishing America's Government Schools

-The Menace of Pragmatism: How Aversion to Principle is Destroying America

    Recent Posts
From Digital Revolution to "Global Community" Supr...
ObamaCare "Death Panel" Targeting 70-Year-olds?
A Thanksgiving Message
Forbes: "Death Panels ... We already have one"
School Choice, Collectivist Style
On This Veterans Day, A Word About Those Who Suppo...
Bank of America Rescinds Debit Card Fees
“Occupy Wall Street” Sharpens the Ideological Batt...
B of A's Debit Charges: It's About More Than Fees
PSA Testing: Are Death Panels Arriving Under Cover...

    Archives
July 2007
August 2007
September 2007
October 2007
November 2007
December 2007
January 2008
February 2008
March 2008
April 2008
May 2008
June 2008
July 2008
August 2008
September 2008
October 2008
November 2008
December 2008
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
July 2009
August 2009
September 2009
October 2009
November 2009
December 2009
January 2010
February 2010
March 2010
April 2010
May 2010
June 2010
July 2010
August 2010
September 2010
October 2010
November 2010
December 2010
January 2011
February 2011
March 2011
April 2011
May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
November 2011
December 2011
January 2012
February 2012
March 2012

    Credits
Blog Design by:
Living My Dream
Images from:
istockphoto

Powered by:


Meter:

RSS Feed