Archive for October 29th, 2011

October 29, 2011

The National Tax Limitation Committee « limittaxes.org

The National Tax Limitation Committee (NTLC) has been at work since 1975. We are one of the longest standing and strategically oriented pro-taxpayer/entrepreneur organizations in America.

NTLC grew out of work which Founder and President Lew Uhler did for then-Governor Ronald Reagan to constitutionally limit the growth of taxes and spending year over year in order to control the size of government (Proposition 1, California, 1973).

In late summer of 1978, believing that the time had arrived to begin work at the federal level, we reconvened many members of the Proposition 1 task force, including Milton Friedman, Bill Niskanen, Craig Stubblebine, and others. The federal spending amendment emerged. After months of careful deliberation, the Tax Limitation/Balanced Budget Amendment was fashioned.

Our goal continues, as we incorporate taxpayer support to effect state and federal spending limits.

Our Mission Statement

The National Tax Limitation Committee (NTLC) was organized in 1975. Its mission has been:  To provide national leadership to achieve the optimal size and functions of government and promote candidates and initiatives that support these goals.

What We Believe In

Limited government as envisioned by our founding fathers and embodied in the US Constitution and Bill of Rights.

Lower tax rates and reduced government spending so as to maximize human freedom and economic liberty.

A role for government that will promote equality of opportunity not equality of outcomes.

Our Partners

NTLC and our foundation, The National Tax Limitation Foundation (NTLF), have organized numerous conferences and seminars around the Nation on critical issues, and we have participated as speakers and panelists in meetings sponsored by others. Uhler speaks regularly at the annual Conservative Political Action Conference (CPAC) in Washington, sponsored by the American Conservative Union (ACU), on whose board he has served for years. NTLC’s operating philosophy has always been to partner with other groups and individuals in the accomplishment of mutual goals.

NTLC and NTLF are further supported by our distinguished Board of Advisors.

via OUR HISTORY « limittaxes.org.

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October 29, 2011

Member of Saudi Royal Family Offers $900,000 to Kidnap an Israeli Soldier: The unintended consequences of negotiating with terrorist.

According to Ynet, Saudi Arabia’s Prince Khaled bin Talal bin Abdul Aziz Al Saud said on Saturday that he would award $900,000 to anyone who abducts an Israeli soldier, suggesting this be used to negotiate the release of more Palestinians from Israeli prison:

In an interview with Saudi TV, bin Talal stressed that his offer was in response to a similar offer made by a Saudi cleric who earlier this week said he would give $100,000 to anyone who would kidnap an Israeli soldier.

“Al-Qarni offered $100,000 to whoever abducts (an Israeli soldier) and I say to him – I sympathize with you and am offering $900,000 to put the figure at $1 million,” he said. [read full article here]

via Member of Saudi Royal Family Offers $900,000 to Kidnap an Israeli Soldier |Prince Khaled bin Talal bin Abdul Aziz Al Saud | TheBlaze.com.

October 29, 2011

Why the latest eurozone bail-out is destined to fail within weeks.

I want last week’s European bail-out to work. My sincere hope is that collective and decisive action by the eurozone’s large member states will stabilize global markets, at least for a while, so allowing the global economy to catch its breath.

By Liam Halligan, 29 Oct 2011

In recent years, the violent gyrations on financial markets have been deeply discomforting, causing angst among market professionals, like me – but that is the least significant aspect. For those little lights represent, of course, the ebbs and flows of cash which, in turn, determines the fate of real businesses. It is at the sharp end of employment and livelihoods, dispossessed homes and broken families that the human impact of financial turbulence is most keenly felt.

So, yes, I want such turbulence, which will never be fully-eradicated, nor should it be in a free-market system, to now lessen to more manageable levels. Yet the responses of our politicians to recent financial troubles – hiding behind complexity and kicking the can down the road – have not only failed to temper the volatility, but have actually made it much worse.

Last week’s eurozone “agreement”, for all the related fanfare, was a case in point. Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe’s grotesque debt crisis even more acute, sowing further infectious spores of confusion.

The deal itself, unveiled dramatically in the early hours of Thursday, was met with the now obligatory “relief rally”. The FTSE All-World equity index soared 4.1pc, helped by signs of renewed US economic growth. European bank shares spiked no less than 12pc on Thursday, as traders recognised, for all the official obfuscation, the latest dollop of government largesse.

By late Thursday, though, and certainly on Friday, the warning signs were there. Global bond markets, by character more sober and smarter than the excitable equity guys, were voting against the deal. This is alarming. For it is only by selling more bonds that the eurozone’s deeply indebted governments can roll-over their enormous liabilities and keep the show on the road. [read more]

via Why the latest eurozone bail-out is destined to fail within weeks – Telegraph.

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