Wednesday, February 15, 2012

This should tell you all you need to know about why we are broke

Curse those wealthy Americans with their corporate jets and million-dollar yachts.

Well, actually, it’s not just the big-business types who own million-dollar yachts. The port of Los Angeles is the proud owner of a 73-foot luxury craft, which it purchased in 1988 and uses for public relations tours of the harbor.

You might think with the city in dire financial straits that they might sell off the yacht (which Mayor Antonio Villaraigosa insists on calling “a boat”). Instead, L.A. is “investing” $489,000 in federal taxpayer stimulus money to install new engines. Not that there is anything wrong with theold engines. Rather, it is that they run on diesel fuel (and hence fail to meet California emissions standards) and so are being swapped out for low-emission “green” hybrid motors.


"Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them." - Karl Popper

“It’s the presumption that Obama knows how all these industries ought to be operating better than people who have spent their lives in those industries, and a general cockiness going back to before he was president, and the fact that he has no experience whatever in managing anything. Only someone who has never had the responsibility for managing anything could believe he could manage just about everything.” - Thomas Sowell in Reason Magazine

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