Morning Reads for Monday, June 25th

Here in Georgia…
– Georgia is America’s most corrupt state.
– It’s going to be a hot week, folks.
– Six Feet Under has been named Atlanta’s best outside bar.
– Police are cracking down on boating while under the influence.

National stories of interest…
– National Review reports that Rep. Paul Ryan is being vetted for VP.
– Politico explains how the Fast and Furious scandal came to a head.
– Getting married and want to support Barack Obama?
– John Bolton may be Mitt Romney’s top choice for Secretary of State.
– Are we on the cusp of a global recession?
– Ed Crane, president of the Cato Institute, will be leaving the think tank under the terms of an agreement to settle a lawsuit filed by Charles and David Koch.
– Many Americans are renouncing their citizenship and leaving the country to avoid stiff tax bills.
– Nate Silver looks at the “house effects” of different polling firms.
– TSA could be coming to mass transit.
– The GOP recently purchased an account for Massachusetts Senate candidate Elizabeth Warren.
– High-speed rail is dead in California.
– The Senate voted last week to end taxpayer funding of political party conventions.
– Ezra Klein wonders if Europe is trying to force Greece out of the EuroZone.
– Joe Biden once compared the individual mandate to a “socialist” health care system.

Other links around the web…
The Exorcist has been adapted for a play.
– Here are six conspiracy theories that actually went downare some reasons why you can still smile despite his winning a championship.
– Here’s a look at how we die today compared to 1900.


  1. Baker says:

    Man, the environmentalists really can’t make up their minds. Sierra Club opposes TSPLOST here because there is not enough rail, and in California they kill their rail plans because of fears of environmentalist lawsuits. Way to go guys. You’re really helping things.

    I once worked for a non-profit raising endangered falcons in Texas and New Mexico. This group took an unbelievable amount of time finding places to raise said falcons because they would run into problems with environmentalists. They would generally always partner with private ranchers because dealing with the environmental groups and the stipulations they would require were so onerous.

    • The Last Democrat in Georgia says:

      If it takes the fear of environMENTAList wack-job lawsuits to keep a bankrupt state like California from wasting billions of more dollars that they don’t have on cost-prohibitive boondoggles like high-speed rail, then so be it.

      Maybe California and the Federal Government should worry about just trying to stay solvent before burning even more of the taxpayers’ dollars on frivilous, unneeded and wasteful luxuries like high-speed rail and the like.

  2. saltycracker says:

    Here’s an investment opportunity or another reason to overhaul our tax code. Advantaging an uncommon behavior that is now becoming common.

    Small businesses and franchisees are reported as strained in getting loans from banks.
    Their financials in this “tough” economy are just not strong enough and they are having to go to the secondary maket to obtain money at high interests rates.

    This secondary loan market is booming with all sorts of innovative approaches taking advantage of the opportunities for investors to make excellent returns.

    The catalyst is skimmed cash and a weak financial statement. Entrepreneurs that can identify the capable ones have loans ready. Individuals pocketing cash income are common in our daily lives but big money is to be be made from small businesses fudging the numbers.

    A cottage financial business is finding a lot of fuel from cash on the sidelines or in low interest savings. Lenders can offer great returns (many times over 20%) to their investors. Plus many have a leg up on the borrower’s bank by spotting problems early as they direct withdraw the loans on a short term schedule.

    Why would a small business pay 20% or more in interest ? It is tax deductible and less than income tax. Plus, the IRS would be overwhelmed to catch them. The Greek game of tax avoidance is chump change in the largest economy in the world.

    Want to get tax revenue going or local banks regaining market share ? Overhaul the tax code to say a flat tax of 10%, no exemptions, no exceptions. No winners and loosers. But then you’d kill another entrepreneural opportunity.

  3. Re: “Georgia is America’s most corrupt state.”

    From the article: “The state’s biggest problem is the absence of a strong ethics enforcement agency.” We don’t need more laws, we need to enforce the ones we have. That’s what the article said, which was written in March and based on Jim Walls’ report to the Center for Public Integrity.

    I should also point out that Walls never said Georgia is the most corrupt State, his report said we had the most potential for corruption…because of our lack of enforcement.

    • Bob Loblaw says:

      Re: “Georgia is America’s most corrupt state.”

      From the article:
      More than half the states received a D+ or worse.

      Well, that makes the story just a teeny bit less credible.

  4. “According to Randy Barrett, Communications Director for the Center for Public Integrity, one of the most widespread issues throughout these state governments is the lack of public access to information, which, he says, is key to preventing other kinds of corruption and conflicts of interest from occurring. “When you think about it, that’s really the root of transparency. If citizens can’t see into how their state does business and decision-making, that’s the real problem,” Barret said.”

    Let’s take the PSC for example. Here’s a challenge – if you don’t go to the meetings and don’t listen to the stream live online, where do you find the meeting minutes? So far I haven’t been able to find those or any sort of audio or video recordings of the meetings. These are the things that are so easy to provide to citizens, but it’s just not there (that I’ve been able to find anyways).

  5. Three Jack says:

    Federal government will not tell where the $80,000,000,000 is spent — — and it will likely increase with the upcoming Ag Bill.

    No worries though, it’s just money. Same for Medicaid which accounts for somewhere around $500,000,000,000 annually…just money. Taxpayers should be thankful we have such a great country where money is forcibly taken from some to benefit society’s losers. Next time I see one of these fine Americans in the grocery line, I will take a moment to make sure they are getting a fair share of the redistributed funds.

Comments are closed.