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Some questions for proponents of income redistribution

Five examples of the Law of Unintended Consequences

Darrell Issa: Obama administration waging ‘a war on guns’ with ‘rogue’ ATF sting operations

Krauthammer: Weakness Of Senate Benghazi Report Is It Blames Buildings And Not Individuals

Paul Ryan Gets Grilled By Hugh Hewitt Over Budget Deal Cutting Military Pensions

“First of all, nobody in this country deserves more support, not a single person in this country deserves more support from their fellow citizen, from the taxpayer, than our men and women in uniform, than the people who go fight for our freedoms. I think it’s just, I want to say that to begin with. Here is the background on this problem we have. We have a readiness crisis. I think you know about this. If you think that I wanted to do this or enjoy doing this, that’s not true. Had Mitt and I won that election, this would not be required. This would not be necessary. What do I mean when I say all that? You’ve got three big budget problems staring at the Pentagon right now. You’ve got the Obama budget. It cuts $487 billion dollars from the Pentagon to begin with. That’s point number one. You’ve got the Defense sequester. That cuts another $500 billion dollars on top of the $487 billion dollars. The budget agreement attempts to alleviate some of that sequester cut. It alleviates $31 billion dollars of it. So after the budget agreement, you’ve got the Obama $487 billion dollar cut to the Pentagon, then you’ve got a $469 billion dollar cut with the Defense sequester left intact, hitting the Defense Department. Then the third point is you’ve got pay and benefits, which are growing very, very quickly. It’s a demographic thing that’s just like what’s happening to the rest of the country, that is consuming more and more of the military’s budget. And that is leaving readiness destroyed. We are about to go to a Navy that is smaller than since before World War I, very few of our Army and Marine brigades are combat ready, are getting the training they need. We’re flying old airplanes in our Air Force that need to be replaced, and we’re pushing the replacement of those planes out another five years. I could go on and on and on, only to say that we have a real readiness crisis. And so we were not able to put back into the military budget nearly as much as we wanted to, like what my budget that passed in the House does. And so we’re trying to find a way of saving more money for the military, to keep the savings within the Pentagon’s budget, to try and address this military crisis. As you know, there’s a commission underway to address military pay and benefits. That commission is supposed to report its findings this spring. One of the reasons why we put a two year delay in this law for this particular provision is to give the military, people in Congress on the Defense committees, the Pentagon, time to change this if this commission thinks there is a better way to go. When we took a look at this particular provision, we looked at who can bear the savings more. Do we want to go after people who are 62 and above, you know, Tri-Care benefits? We didn’t want to do that. We took a look at the Bowles-Simpson. Bowles-Simpson does away with the COLA completely. We looked at making sure that military retiree pensions are always superior to their civilian counterparts. As you may know, civilian federal workers have to contribute money toward their pension from their paycheck. The military does not. They don’t have a cost of living increase at all. It’s zero before they reach the age of 62. And as you know, military retirees do. One misnomer I want to clear up is that this does not affect veterans’ benefits. It only affects military retiree benefits, which is 17% of the people who actually serve, just to put it in perspective, not to diminish the point, but to put it in perspective.

[…] What this does is says their cost of living increase is not as fast as an older person when they turn 62. It’s consumer price index minus one percent. When they turn 62, all that money goes back into their pension. Their pension benefit goes back up to reflect what they had lost, and then their pension grows at full CPI after they reach the age of 62. That savings stays with the Pentagon to help us buy more equipment right now to make sure we can address our readiness issue. And it’s delayed for two years that if we think there’s a better way to fix this problem, we’ll do that, and we bought ourselves two years to do that. And that’s what this does.”

Paul Ryan on the cuts he didn’t want to make but as we didn’t win he had only bad options and had to pick one.

Pundits and whiners, live in the real world for a moment.

Researchers Are Making A 3D Printer That Can Build A House In 24 Hours The age where a mass amount of labor is needed for production is coming to an end…get used to it.

A Balanced Approach to Patent Reform: Addressing the Patent-Troll Problem Without Stifling Innovation

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