How Much Is Enough?

The cure for the evils of democracy is more democracy!

H. L. Mencken, Notes on Democracy, 1926

The entirety of mass media has been focused almost entirely on the tragedy of the missing Malaysian Airlines flight. The number of hours dedicated to an issue for which there is achingly little information is staggering.

It is thus perhaps understandable that the aforementioned media has chosen not to focus its attention on more domestic issues. In this era of political gridlock and ridiculous claims of ‘unfairness’, there still remains some hard realities that must be addressed by our elected leaders.

To wit:

This nation is still far from a true economic recovery, and yet the body politic refuses to address the issues of debt, deficit and responsible budgetary restraint. There are continued cries for increasing taxes on the rich, and that more money is needed for this infrastructure or another.

In short, the electorate is bombarded daily with the message that the government requires more cash to continue fulfilling its purpose.

The reality is that government as a whole can longer manage its fiduciary mandate and as such has voluntarily relinquished its responsibility to America for no other reason that political cowardice and budgetary ineptitude.

For proof of that fact, consider this edited compendium of information from various sources relative to the budgetary madness currently in play in Washington. It should be of both deep concern and outrage on the part of the American people.

As they say, you can’t make this stuff up. The numbers do not lie.

Consider:

Inflation-adjusted federal tax revenues hit a record $1,104,947,000,000 in the first five months of fiscal 2014, but the federal government still ran a $377,379,000,000 deficit during that time, according to the Monthly Treasury Statement for February.

Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes (including Social Security and Medicare taxes), unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and “miscellaneous receipts.”

In constant 2014 dollars, the $1,104,947,000,000 that the federal government collected from October through February in fiscal 2014 was $90,193,750,000 more than the 1,014,753,250,000 it collected in October through February in fiscal 2013.

Although the federal government brought in a record  of approximately $1,104,947,000,000 in revenue in the first five months of fiscal 2014, according to the Treasury, it also spent approximately 1,482,327,000,000—leaving a deficit of approximately 377,379, 000,000.

After the current fiscal year, the second highest federal tax intake in the first five months of a fiscal year occurred in the first five months of fiscal 2007, when the government collected 1,076,721,860,000 in 2014 dollars—or 28,225,140,000 less than in the first five months of this fiscal year.

At the beginning of 2013, Congress passed and President Obama signed “The American Taxpayer Relief Act.” While this act made permanent some of the lower tax rates enacted for ten-year periods under President George W. Bush, it also increased some tax rates.

The Congressional Research Service summary of the law said it: “Amends the Internal Revenue Code to: (1) revise income tax rates for individual taxpayers whose taxable income is at or below the $400,000 threshold amount ($450,000 for married couples filing a joint return) and increase the rate to 39.6% for taxpayers whose taxable income exceeds the threshold, (2) set the threshold for the phaseout of personal tax exemptions and itemized deductions at $250,000 for individual taxpayers ($300,000 for married couples filing a joint return), and (3) increase the top marginal estate tax rate from 35% to 40%.

The law also: “Increases the capital gains tax rate from 15% to 20% for taxpayers whose taxable income exceeds the $400,000 threshold amount.”

The First 39 of 55.

The cure for the evils of democracy is more democracy!

H. L. Mencken, Notes on Democracy, 1926

This week is of grand historical consequence for the American people, but it is assured to escape any acknowledgement of sustentative note.

That is sad, because this week holds the anniversary of the seed of the greatest country the world has ever known.

Consider the following 39 names:

Washington, George, VA

Franklin, Benjamin, PA

Madison, James, VA

Hamilton, Alexander, NY

Morris, Gouverneur, PA

Morris, Robert, PA

Wilson, James, PA

Pinckney, Chas, SC

Rutledge, John, SC

Butler, Pierce, SC

Sherman, Roger, CT

Johnson, William Samuel, CT

McHenry, James, MD

Read, George, DE

Bassett, Richard, DE

Spaight, Richard Dobbs, NC

Blount, William, NC

Williamson, Hugh, NC

Jenifer, Daniel of St. Thomas, MD

King, Rufus, MA

Gorham, Nathaniel, MA

Dayton, Jonathan, NJ

Carroll, Daniel, MD

Few, William, GA

Baldwin, Abraham, GA

Langdon, John, NH

Gilman, Nicholas, NH

Livingston, William, NJ

Paterson, William, NJ

Mifflin, Thomas, PA

Clymer, George, PA

FitzSimons, Thomas, PA

Ingersoll, Jared, PA

Bedford, Gunning, Jr., DE

Brearley, David, NJ

Dickinson, John, DE

Blair, John, VA

Broom, Jacob, DE

This week marks the anniversary of the signing of the Constitution of the United States. On September 17, 1787, these 39 men were the first of the eventual 55 signers of our founding document.

The signers, founders and framers of that august document had the audacity to construct a government of the people, by the people, and for the people. Their overriding focus was the government could only function by the consent of the governed.

The Constitution is a limitation on the powers of government, which by definition is the definition of the freedoms reserved by the people.

This week, the Madison Conservative would ask that you reflect on the bravery of those original 55 signers, and of the significance of that day, 226 years ago this very week, when the sense of the American spirit was put to paper, when the hopes and dreams of freedom were given voice for posterity.

In an era of ad hominum attacks from all sides, it would be of use for the American people to pause and consider the gift of the Constitution that has been offered for them, and their posterity.

For those who believe that there is little anyone can do to affect positive change, please re-read those 39 names and reconsider your opinion on the futility of action.

We the People indeed.

Jefferson and Hamilton

“And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.”

There is a well known and often commented upon phrase that seems to sadly sum up much of the partisan nonsense that is currently afflicting our elected representatives and their media flacks: “Patriotism is the last refuge of a scoundrel.”

It appears that given the dearth of intelligent discourse on the pressing matters of state and the imbecilic rancor that exists within the body politic, it is apparent that the aforementioned phrase is more than apropos.

The American people should not accept that status and must demand more.

The spectrum of political ideologies now mandates that the only solution to the nation’s current woes is to ‘reclaim’ America, and ‘return’ it back to the American people. The methodology that is offered as the vehicle for that transition to invoke the framers and the founders and announce loudly across all outlets and electronic soapboxes that their particular political persuasion has some level of birthright to the principles and ideals of our founding fathers, and that were those men of two hundred plus years ago here today they would absolutely endorse the aforementioned political philosophies and governmental solutions.

Rubbish.

The fact that should concern the electorate is that despite the sincerity with which our elected officials make these claims, the fact is that all it does is amplify their ignorance of American history and the glorious manner in which those founding fathers were able to launch the audacious experiment that is American self rule democracy.

To wit:

There could scarcely be more polar political opposites than Thomas Jefferson and Alexander Hamilton.  Jefferson believed in a strong central federal government for issues of national protection and foreign policy, but that a more agrarian based society with powers granted more to the local governments was the American ideal. Hamilton was a staunch believer that commerce and trade was the true route to a more prosperous America.

In today’s political ideology, Thomas Jefferson would fall more into the classification of moderate Democrat while Hamilton would undoubtedly be the poster child for the conservative movement currently in resurgence.

Yet these two giants of American independence, their views diametrically opposite, understood the promise of America and the need for those entrusted with her success would need to forge compromise.

Thomas Jefferson was appointed by President George Washington to be the fledgling nation’s first Secretary of State. Alexander Hamilton was also requested by President Washington to serve in his first cabinet as Treasury Secretary.

Perhaps those currently holding elective office should take note of Washington’s’ wisdom in choosing the best people for the necessary duties, knowing that in such instances those people will put aside their political squabbles and serve the American people with the best fruits of their industry.

If that wisdom is ignored, as it currently appears, we will no longer prosper and flourish as a nation. We will surely drown in political platitudes.

We owe our posterity the same political courage that was truly best exemplified by our founding fathers, in all their political opposition glory.