Which one wins?
This is not an unimportant question.
Like San Francisco’s Dynamo Donuts. They have Spiced Chocolate Donuts, chocolate donuts coated with sugar, cinnamon, chile and chipotle, Apricot Cardamom, cardamom donuts with dried apricots and currants, with cardamom glaze, and Maple Apple Bacon, studded with bacon and apples sautéed in bacon fat, maple glazed and topped with crispy bacon.
Dynamo’s founder, culinary-trained pastry chef Sara Spearin, says “gourmet” is about technique, labor and ingredients more than flavors. She hand-mixes each batch and explains that working with yeast dough requires knowledge and experience. “Yeast is moody,” she says, “it reacts to weather and humidity.” It requires expertise “to put out the same product every day even though the yeast reacts differently every day,” she says.
She flavors her dough as opposed to heaping flavorings on top. That means that Molasses Guinness Pear requires its own batch of dough and glaze as does Saffron Chocolate. Dynamo launched in 2008 and just opened their second San Francisco location.
I’ve had maple bacon donuts and cupcakes as well. Both were entirely too sweet for my taste, but the bacon part was wonderful. Molasses Guinness Pear sounds very interesting. (I kind of doubt I’ll be traveling to San Francisco for a taste, however.)
Seems like donuts breaking out from the old tried and true.
No danger of that. If (in Milton Himmelfarb’s famous formulation) Jews earn like Episcopalians but vote like Puerto Ricans, Americans are taxed like Puerto Ricans but vote like Scandinavians. We already have a more severely redistributive taxation system than Europe, in which the wealthiest 20 percent of Americans pay 70 percent of income tax while the poorest 20 percent shoulder just three-fifths of 1 percent. By comparison, the Norwegian tax burden is relatively equitably distributed. Yet Obama now wishes “the rich” to pay their “fair share” – presumably 80 percent or 90 percent. After all, as Warren Buffett pointed out in The New York Times this week, the Forbes 400 richest Americans have a combined wealth of $1.7 trillion. That sounds like a lot, and once upon a time it was. But today, if you confiscated every penny the Forbes 400 have, it would be enough to cover just over one year’s federal deficit. And after that you’re back to square one. It’s not that “the rich” aren’t paying their “fair share,” it’s that America isn’t. A majority of the electorate has voted itself a size of government it’s not willing to pay for.
A couple of years back, Andrew Biggs of the American Enterprise Institute calculated that, if Washington were to increase every single tax by 30 percent, it would be enough to balance the books – in 25 years. If you were to raise taxes by 50 percent, it would be enough to fund our entitlement liabilities – just our current ones, not our future liabilities, which would require further increases. This is the scale of course correction needed.
When the adjustment comes, it will be catastrophic. Nothing short of that.
Why are the Republicans playing along? Because it is assumed that Obama has the upper hand. Unless Republicans acquiesce and get the best deal they can right now, tax rates will rise across the board on Jan. 1, and the GOP will be left without any bargaining chips.
But what about Obama? If we all cliff-dive, he gets to preside over yet another recession. It will wreck his second term. Sure, Republicans will get blamed. But Obama is never running again. He cares about his legacy. You think he wants a second term with a double-dip recession, 9 percent unemployment and a totally gridlocked Congress? Republicans have to stop playing as if they have no cards.
The republicans must not fall for this same rigged game again. Taxes now for promised cuts that never come has been done again and again.
It can’t go on.
There are indications that we are already in another recession. Tax hikes now will make it worse.
The UN has voted for a Palestinian state. The majority thugocracies have spoken:
The resolution upgrading the Palestinians’ status to a nonmember observer state at the United Nations was approved by a more than two-thirds majority of the 193-member world body — a vote of 138 to 9, with the U.S. and Israel among those who opposed. There were 41 abstentions.
Remind me again, why do we fund this corrupt body? I think even Roosevelt would be appalled at what the UN has become.
Michael Goodwin sees the problems democrats have made for themselves:
Deficits exceeded $1 trillion in each year of his first term, and his combined debt is a staggering $5 trillion. It brings the nation’s total to $16 trillion, and the possibility of default already has caused one rating downgrade.
And there is no end to the spending spree. Obama’s last budget, although chock full of rosy scenarios, still projected the debt would grow by $6.7 trillion over 10 years.
Thus, if all goes as planned, he will leave office with a national debt of $20 trillion, and a debt-to-GDP ratio far above 100 percent.
That’s Greece. It is an unsustainable governing model, so we should be asking not just about the demographic destiny of the GOP, but also how soon Dems will be condemned by the fiscal facts.
Of all things,the republicans should NOT be listening to the ‘wisdom’ of the media on what they should do. The media is setting a trap.
NRO reviews Oliver Stone’s latest false history.
Happily, this looks unlikely to change. As Stone well knows, the appeal of Zinnism rests on its remaining unappreciated, as it is primarily for this quality that it sells. Why? Because to those susceptible to such things, the “radical” rewriting of history is interesting and edgy, carrying with it the perverse imprimatur of the illicit, and satisfying that thoroughly modern need for a wildcat James Dean type to come onto the stage and rebel against anything and everything. “Hey, you think your history and country are great?” the Zinnite asks, cigarette hanging at a jaunty angle from his mouth. “Well, actually, they’re not. They’re all lies, and — unlike me — you are a dolt who has bought into the mythology.”
More bad propaganda, more false history. It’s almost like there’s a leftist conspiracy or something.
So Washington gets fat, and it does so on money taken from the rest of the country: Either directly, in the form of taxes, or indirectly in the form of money that otherwise would have gone to that factory or training program.
I’m not the only one to notice this, or even to make the Hunger Games analogy. As Ross Douthat wrote, “There aren’t tributes from Michigan and New Mexico fighting to the death in Dupont Circle just yet. But it doesn’t seem like a sign of national health that America’s political capital is suddenly richer than our capitals of manufacturing and technology and finance, or that our leaders are more insulated than ever from the trends buffeting the people they’re supposed to serve.”
The correct cure for this is to return to the very limited government established by the Constitution. I’m just not sure how we can do that at this point. There is simply too much money being siphoned off by the cronies – and outright bribes being paid to those ‘public servants’ and ‘elites’.
Beyond the fiscal cliff is the debt abyss:
The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.
Why haven’t Americans heard about the titanic $86.8 trillion liability from these programs? One reason: The actual figures do not appear in black and white on any balance sheet. But it is possible to discover them. Included in the annual Medicare Trustees’ report are separate actuarial estimates of the unfunded liability for Medicare Part A (the hospital portion), Part B (medical insurance) and Part D (prescription drug coverage).
Go read it all. It is truly horrifying just how bad this is. But they just keep spending. And spending.
Cadbury has developed a non-melting chocolate bar:
Scientists at Cadbury’s Bourneville, England research plant have developed a type of chocolate bar that remained solid after three hours in an incubator at 40 degrees Celsius (104 degrees Fahrenheit). Chocolate usually melts at around 34 degrees Celsius (about 93 degrees Fahrenheit).
Cadbury will likely sell this temperature-tolerant chocolate in countries with hot climates, like India and Brazil.
“We have found that it is possible to instill temperature-tolerant properties by refining the conched chocolate after the conching step,” Cadbury says in its patent application.
What a coup! What an achievement!
Cadbury has single-handedly reinvented the D-Ration! (Which had even better temperature tolerance. And tasted horrible.)
Now the UN wants your internet under its control:
“Next week the ITU holds a negotiating conference in Dubai, and past months have brought many leaks of proposals for a new treaty. U.S. congressional resolutions and much of the commentary, including in this column, have focused on proposals by authoritarian governments to censor the Internet. Just as objectionable are proposals that ignore how the Internet works, threatening its smooth and open operations,” reports the Wall Street Journal.
Of the nations in the UN, the vast majority are thugocracies of of one sort or another. Yet we continue to support this farce rather than forcing reforms.
Time to sink Turtle Bay.
Obama’s bureaucrats are about to unleash a deluge of new regulations:
• Health care. It begins with the Affordable Care Act, which has been in hibernation because it was the largest campaign liability. Since Election Day, the Health and Human Services Department has submitted a raft of key health rules for White House review that it has been sitting on for months.
Hiding the details paid off politically but also undermined ObamaCare’s already slim prospects for success. Ahead of the law’s go-live date of October 2013, states and industries will have less than a year to prepare to meet the new mandates.
Three of the rules were released right before Thanksgiving, so insurers are only now about to learn how they’ll design and price coverage, since one new rule defines “essential benefits” they must include. Another deals with limits on how premiums can vary from person to person based on risk.
There are many, many more. From carbon to fracking, the deluge is coming.
Expect – and plan for – an economic collapse.
Obama staffers seeking to cash in as lobbyists:
With President Obama’s reelection a done deal, headhunters are expecting worn-out administration aides to look for new jobs in the influence industry.
Several Obama aides started making post-election plans well before November, holding discussions with executive search firms in Washington as early as this past spring. Their stock has risen since Obama’s victory, but they face a tough job market on K Street, where belt-tightening has become the norm.
Several headhunters for law and lobby firms said one thing that won’t work against the job seekers is Obama’s executive order on ethics, which bans former officials from lobbying the administration while he is in office.
“That hasn’t come up once,” Eric Vautour of Russell Reynolds Associates said of the ethics order. “They can still direct those activities. If you’re asking someone to go run a whole department, they can go ask someone to make a call. It’s not that big a deal. Clients recognize that as well.”
All of Obama’s promises come with expiration dates or loopholes. Government of the people by the cronies is the ugly reality.
Pessimism about the economic outlook for America is up among independents:
Fifty percent of independent voters expect the economy to be weaker over the next year, according to a recent Rasmussen Reports survey.
The percentage of unaffiliated voters with a bleaker economic outlook was 19 percent before President Obama won a second term.
One could point out that there was an opportunity to avoid this. I am extremely worried about the economy at this point.
But we can’t just worry. We need to start working on paths forward. And ways around the Obama-loving media.