Odds and ends number 48
I suppose you can call this the post-election edition because a few of these items were swept aside in the runup to our primary earlier this week.
This one’s a bit controversial.
It’s only 37 seconds and while it makes a great point, I find it intriguing that the “dislikes” are running 2-1 over the “likes” on YouTube. Truth hurts? Any questions?
One thing we can’t question is the fact that as of Sunday the United States had the highest corporate tax rate in the developed world. But the Republican Study Committee makes a good point:
Of course, volumes and volumes of special credits, deductions, and loopholes mean similar companies often pay very dissimilar tax bills. It’s natural for people and businesses to use every means available to hang onto the money they earn. We wouldn’t be an entrepreneurial nation if we didn’t. But the more time and money we spend navigating our ridiculously complex tax code, the less we produce of real value.
And that was part of the point in the Cain video. Not only is the tax rate high, but those who can afford lobbyists and campaign contributions tend to be the ones who pay the least in taxes – meanwhile, the mom and pop operation takes it in the shorts again. (That’s why 9-9-9 appealed to me. Any questions?)
The state of Maryland doesn’t get this either, according to Kimberly Burns of Maryland Business for Responsive Government.
As the Governor said himself, all this proposal does is delete the word ‘gas’ from ‘tax.’ A sales tax increase is an easy, unacceptable short-term fix to the longer term problem of business competitiveness. Just like the gas tax, it hits every Maryland working family and business right in the wallet.
Say hello to more factory outlet stores near Maryland’s borders in Delaware and Virginia. When you’re a small state like Maryland, sandwiched between two low-tax states, it’s foolish to think increasing the sales tax won’t effect Maryland’s competitiveness and the behavior of consumers.
If the 7% sales tax is passed – and remember, anything is possible in these desperate last days of the session – Maryland would have one of the highest sales taxes in the country and Delaware merchants will be licking their chops as their price advantage jumps to seven percent.
Maryland Republicans in the Senate point out another misconception on the offshore wind boondoggle by citing a Sun letter from Teresa Zent which makes an interesting charge: that $1.50 per month price is only “a cap on what a developer can plug into its proposal. It is not a cap on what a ratepayer might actually have to pay.” And that’s a tremendous point, because if your electric bill is figured on a price of perhaps 11 cents per kilowatt hour and wind energy will cost a quarter per, someone has to pay and the utilities (which, remember, have a monopoly on servicing a particular area) aren’t in it to lose money. By necessity, Maryland would be stricken with a further competitive disadvantage in electrical costs.
And while the election is over, I have to commend the participants in the U.S. Senate nomination battle for the campaign which was waged. They differed on issues, but when it came to attacking the opponent that was reserved for the real opponent, Ben Cardin. And even those weren’t personal but focused on how Cardin is out of touch and lacking in leadership in fighting for Maryland’s working families.
So it wasn’t unexpected that the two leading contenders released statements in this vein after the counting was done. Rich Douglas conceded thusly:
I want to congratulate my opponent on a hard-fought race in the Republican primary. Republicans and Democrats challenging Ben Cardin know that defeating elite royal family rule in Annapolis and incompetence on Capitol Hill is an enormous undertaking. I urge like-minded Democrats and Independent voters to close ranks with Mr. Bongino to replace Ben Cardin in November. It is time for a strong Maryland voice to be heard in the U.S. Senate. Today was the first step toward that goal.
Meanwhile, Bongino praised his opposition for the races they ran:
I am grateful to the voters of Maryland who have given me this amazing opportunity. I would also like to thank the other Republican challengers. We all share the same concerns about the direction of this country and agree it is time Maryland had new representation in Washington. I hope they will join my campaign to bring an outsider’s perspective to the US Senate.
Dan also set himself up for November, promising a campaign devoted to “the economy, national security, energy and government accountability.” He also added:
The people of Maryland deserve a Senator who will fight for them, and not the Washington establishment. We need leadership in the Senate that will work to increase opportunity for middle-class Americans, that will provide a path for those in poverty to advance and ensure this nation will once again be a place where jobs are created and people are willing to invest.
Part of doing that will be encouraging entrepreneurs and small business by making the tax code simpler and fairer instead of what the Cain video depicted.
Lastly, some laughed when Newt Gingrich spoke about bold initiatives in the space program, as he did last week. But the Competitive Enterprise Institute posited a step even beyond mere space travel: private ownership of other celestial bodies?
A proposed law requiring the United States to recognize land claims off planet under specified conditions offers the possibility of legal, tradable land titles, allowing the land to be used as loan collateral or an asset to be sold to raise funds needed to develop it.
Such a law would vitiate the 1979 Moon Treaty, which does outlaw private property claims in space, but to which the U.S. is not a signatory. This should be viewed as a feature, rather than a bug. The law would not impose any new costs on the federal government, and would likely generate significant tax revenue through title transaction fees and economic growth from new space ventures carried out by U.S. individuals and corporations. It would have great potential to kick the development of extraterrestrial resources—and perhaps even the human settlement of space—into high gear.
It’s quite a fascinating report, and it points out the difference between development in similar areas deemed off-limits to private property (Simberg cites Antarctica as an example of government-controlled property) where little development is occurring, as opposed to the far northern reaches of the planet where several companies are exercising mineral rights. He theorizes that billions of dollars could be made if private property rights were granted in space, and I can’t disagree.
I’m not going to be the first in line to be a space tourist or worker, but if opening up space can help the economy and promote future prosperity for succeeding generations, what are we waiting for?
The McDermott notes: weeks 11 and 12
Yes, I missed last week, but Mike had such a long week I didn’t have a chance to post in a Sunday slot – and I had a lot to write about anyway.
We’re now at the point in session where the hearings have pretty much ended and the House is now taking up a number of bills which have passed through the Senate. But as Mike wrote at the top of his Week 11 notes, “The news I bring you this week from Annapolis is not good.”
Some of the lowlights included the passage of a bill to further hinder Maryland’s opportunity to join in on the Marcellus Shale bonanza. “There was a significant amount of propaganda put forward by Chairman McIntosh citing many ground water contamination concerns”, wrote McDermott. “Although none of these instances has shown to have been caused by hydraulic fracturing in the process described, the chairman is a believer and is not swayed by many known facts.” But as he describes in week 12, there’s no problem with rushing offshore wind.
Something better to do
As I have the last few years, I wanted to take time out and encourage people to follow the Competitive Enterprise Institute’s lead and celebrate Human Achievement Hour later tonight, from 8:30 to 9:30. As Christine Hall of CEI notes, Human Achievement Hour is “an annual celebration of individual freedom and appreciation of the achievements and innovations that people have used to improve their lives throughout history. ” We should “enjoy the benefits of capitalism and human innovation,” she added.
It’s unfortunate that the timing of particular events didn’t lend itself to a fairly proper local celebration of Human Achievement Hour, but that report will have to wait until next week I suppose. Petting Hendrix cranking out tunes with bright lights and several hundred watts of amplification seemed a fitting way to celebrate the time period since they were the ones on stage at that time, but alas that all happened last week. However, I’m sure a number of local venues are hosting live music tonight and that will do just fine just so long as it’s not unplugged acoustic.
In fact, it just so happened that I did a bang-up job of celebrating this four years ago, before I even knew about Human Achievement Hour. That celebration didn’t come along until 2009, when I noted the event’s first rendition. I also made mention of this in 2010 and last year when I rolled it into a Weekend of local rock post. The point is, we live in a society which depends on those things we have created to make our lives better, and sitting in the dark to celebrate Earth Hour – which just happens to coincide – believing it makes a difference only places a bold “S” on your forehead, meaning “sucker.”
Do I believe we should strive for energy efficiency? Absolutely, when it makes sense to do so based on a solid cost vs. benefit analysis. (I liked to use a payback period of five years or less in mine.) Problem is the same people who believe we should sit in the dark for an hour would eventually love to make us do so by fiat, or else creating the conditions where we will be forced into such a situation.
Unlike previous years, it does not appear that Maryland state government will participate; however, the National Cathedral in Washington and National Aquarium in Baltimore will participate. To be honest, the National Aquarium will be more of a symbolic effort because I can guarantee you the aquatic life they’re supporting needs some power to maintain their respective environments. If they completely went black you’d have a lot of dead fish. (They are also closed to the public during that time frame anyway so it’s not like they’re losing business.)
And that’s the rub. There are people and entities who know they can do Earth Hour to look politically correct yet not pay for it in the long run. Notice as well this falls on the weekend, when many are home enjoying their lifestyle. This wouldn’t fly if they tried it on a weekday evening when kids are doing homework or parents are running late-evening errands. Saturday is that day many people relax, perhaps by visiting the National Aquarium.
In particular, I’m sure their staff has probably fallen for this global climate change garbage hook, line, and sinker. They forget that it’s progress and abundant, reasonably-priced energy created from fossil fuels which aids in making the lifestyle where people can afford to pony up $25 to $30 to visit. Have you ever wondered why there’s not such a facility in places like Rwanda or Bangladesh? It’s because most people in those wretched places are worrying about where their next meal will come from and can only dream of having disposable income to spend.
And it’s in the vein of knowing we live in the greatest society the planet has ever known that we celebrate Human Achievement Hour. I’m not sure just what I’ll be doing, but I doubt that it will involve sitting in the dark being environmentally correct.
Developing the Shore
There were a couple items I wanted to pass along because, as one who would prefer the area grow rather than shrivel up and die, we could use the help.
I’ll begin with Andy Harris:
(On Tuesday), Rep. Andy Harris (MD-01) joined Rep. Scott Rigell (VA-02) to pass legislation through the House that could create hundreds of jobs at an expanded Wallops Research Park, which is located near NASA’s Wallops Flight Facility. The bill removes restrictive federal government deed provisions that hinder job creation on the Delmarva. The legislation creates these jobs at no cost to hard-working taxpayers. Additionally, up to half of the potential high-paying jobs could be filled by Maryland’s Eastern Shore residents.
“We need to work to reduce undue burdens that the Federal Government is placing on the ability of local communities to create jobs,” said Rep. Andy Harris. “I will support any bill like this that helps foster an environment for job creation while costing hard-working taxpayers nothing.”
And then there’s former Harris opponent Senator E.J. Pipkin, working on the state side:
Senator E.J. Pipkin…announced that the Senate Finance Committee has approved his bill – SB 818 – to begin the process required to consider building a third span of the Chesapeake Bay Bridge.
Pipkin said, “I am elated that the Committee has taken the first step in the long journey toward what must happen – construction of another Bay Bridge span. No one who uses the Bay Bridge on a daily commute or on a weekend to visit Ocean City will debate the necessity for a third span.”
Senator Pipkin pointed out that the bridge carries an average of 68,000 vehicles each day. Five mile backups are not unusual at any time, but are common in the summer when an average of 100,000 vehicles cross the bay each day. “The bridge has the dubious distinction of having the worst traffic delays on the northeast coast,” he said. The Bay Bridge Transportation Needs Report revealed that 402 accidents occurred during its 3-year study period; a significantly higher volume than for similar highways.
(snip)
Before any large project can commence, the National Environmental Policy Act (NEPA) requires an Environmental Impact Statement. The process includes a public scoping process, data collection, analysis of policy alternatives and preparation of draft and final documents, all of which takes 6.1 years, as estimated in 2003. “Putting Maryland into the NEPA process would finally address the issue of a third span and enable us to make policy decisions to move forward,” declared Senator Pipkin.
Using the cost of NEPA studies for the ICC as a base and adjusting for inflation, the Department of Legislative Services projects a cost of $35 million between 2013-2017 for the NEPA study. The MdTA would pay for the cost of the study out of its operating expenses. “Last summer, the MdTA approved the largest toll increase in the State’s history, so it comes as a surprise that it now claims that this process would be too expensive.”
Pipkin stressed that SB 818 does not require that a third Bay Bridge be built, but enables us to move forward to the next step in considering our transportation needs. It will take 15 to 20 years to build a new Bay Bridge.
The role of government is not to provide a vehicle for crony capitalism, but work on those areas which benefit the public at large. It seems like the Harris/Rigell measure does just that. Knowing Wallops Island is a federal installation which is vital for the national defense (a legitimate Constitutional function) I see no problem with private enterprise having a share in that success. To be quite honest, I never knew there was a Wallops Research Park, but that’s in part because it’s a little off the beaten path. Maybe that was part of their problem as well.
Of course, the local infrastructure may need improvement as the main highway to Wallops Island is the same two-lane artery which takes tourist traffic beyond Wallops Island to Chincoteague. At some point if the new venture is successful we may have to see Virginia Route 175 dualized – but that’s probably at least a decade off.
Transportation woes are hopefully being addressed with Pipkin’s proposal as well. But I believe a third span would be much more practical several miles south of the existing Bay Bridge. Geographically it makes a lot of sense to have a span from Dorchester County to Calvert County at a point where the Bay is relatively narrow, but I could already imagine the hue and cry from environmentalists and NIMBY types, particularly on the Eastern Shore. This would also require Maryland Route 16 to be seriously upgraded, at least to Cambridge.
But there would be advantages as well, particularly on the tourism and accessibility front. Opening a southern route may encourage more commerce between the fast-growing counties of Southern Maryland and the Eastern Shore. Why should the mid-Shore reap all the benefits from a Bay crossing?
As Pipkin says, though, we are probably a couple decades away from a third span and by then there may not be anything left of the Lower Shore to connect with except for Ocean City. A state which is doing its best to strangle rural development in the War on Rural Maryland isn’t going to care whether we receive help or not, just as long as the tax dollars arrive.
Odd and ends number 45
Thanks to Dan Bongino, who I spoke to the other night at our Lincoln Day Dinner. As he reminded me, I am now on number 45 in this occasional series of short items I grace with a paragraph or three.
So how about I start with an item involving him?
You probably don’t know the name Mia Love, but perhaps you should. The Utah Congressional candidate endorsed Dan with this statement:
“I first learned about Dan when he was being covered for a segment on Fox News. I was amazed by his story and the passion he has for the state of Maryland,” said Mia Love. “If we are going to change the way Washington operates, we need to start by electing folks like Dan Bongino.”
So I’m sure you’re thinking, well, that’s nice. But take a look at her website and read this piece of her life she shares therein:
On the day of Mia’s college orientation, her father said something to her that would become the ethos for her life:
“Mia, your mother and I never took a handout. You will not be a burden to society. You will give back.”
Consider that she’s born of Haitian parents and is a minority conservative Republican with a sound track record in her home state, and the strategy of this endorsement makes much more sense.
But there’s other endorsement news out there as well. This particular one shakes up the Sixth District race a bit, as former Senatorial hopeful Jim Rutledge eschewed endorsing one of the better-known candidates in the race and instead backs the underdog Robert Coblentz, calling him “a concrete conservative who understands the core principles and values that make America great.”
Perhaps that’s not a complete surprise, though, as Coblentz was the coordinator of Jim’s campaign in Washington County in 2010. Still, it gives him a little bit of gravitas in his uphill battle against more well-known candidates, and politicians have to start somewhere.
Returning to the Senate race, candidate Rich Douglas has been scoring media points with a couple appearances over in western Maryland. He called out Ben Cardin for not taking a stance on the gas tax during Alex Mooney’s WFMD-AM radio show Sunday evening, saying “I haven’t heard a peep from Ben Cardin (on the gas tax). There’s one simple way he can make his position known – go to a microphone and say what it is.” It also gave Mooney a free shot at Rob “Gas Tax” Garagiola, who’s changed his stance on the issue since he decided to run for Congress in the Sixth District. “These politicians all look out for each other,” added Douglas.
Rich was also featured in a Cumberland Times-News story by Matthew Bieniek on Friday where he echoed some of his job creation arguments presented Saturday at our Lincoln Day Dinner:
Job growth is Douglas’ priority and he doesn’t think the current administration in Washington, and U.S. Sen. Ben Cardin, are doing enough to bring new jobs to Maryland and the nation.
“The unfavorable business climate is a major factor. … Congress has a duty to remove obstacles to success,” Douglas said. A senator should be out there promoting Maryland as a business destination, he said.
A strategic, comprehensive vision for the nation’s economic future is needed, he said. The current “salami slice approach” isn’t working, Douglas said.
Obviously Douglas is covering the state quite well, and the strategy of using local media may pay off come April.
Odds and ends number 42
As you likely know, this is the post where I pick out a few items worth a paragraph or three but not a full post. So here goes.
Polling is in the news these days – sometimes as a real reflection of the political scene, and sometimes just to make news and push a particular agenda. There are two recent polls which I believe reflect the latter.
I’m usually not too trusting of polls in which I can’t find a political or geographical breakdown, and a recent Washington Post poll fits this bill. Taken simply as a sample of 1,064 adults in Maryland, the Post poll gives Martin O’Malley a 55% approval vs. 36% disapproval – compare that to the 53-40 split in the recent Gonzales Poll, which I can easily ascertain subgroups and methodology in. Other disagreements: a 50-44 split in favor of gay marriage on the Post poll vs. a 49-47 split in favor on Gonzales and the “key issue” question: the economy was the top choice of 49% in Gonzales but only 32% on the Post poll.
Without seeing the methodology besides the sample size, my guess is that the local Washington D.C. area was oversampled by the Post. Obviously the economy is better there than in some other portions of the state, and since the area is more liberal than the rest of the state (hard to believe, but true) the other numbers seem to point in that direction as well.
The Maryland Model (part one)
Over the holidays I did a little bit of light reading, and while I was doing so it occurred to me that the General Assembly session is sneaking up on us rather quickly. In 2011 that session set the scene for what turned out to be one of our side’s rare successes in Maryland, the petition drive to bring the in-state tuition law for illegal aliens to referendum later this year. It appears that will be on the ballot since CASA de Maryland and other pro-illegal groups are dropping the challenge to the petition signatures and narrowing their focus to whether the referendum itself is legal while simultaneously fundraising to sustain the law at the ballot box.
That fundraising: $10 million. What that means: carpet-bombing the media with images of poor, purportedly law-abiding and successful immigrant families being denied a chance at the American Dream due to racist TEA Partiers who hate all those who look different than they do. Don’t believe me? Just watch.
And this nicely leads me into my main points of this post, which will be the first of a multipart series on what I’m calling the Maryland Model. You see, part of my reading over the holidays was this RedState article on what is called the Colorado Model, which led me to read the original post on this strategy from the Weekly Standard back in 2008. Read those articles (I’ll wait for you) then take a look at how the CASA de Maryland folks are fighting the will of the people here in the Free State.
While they have seven pieces to the puzzle in the RedState article, I’ve consolidated these to what I can call the 4 M’s: money, message, media, and mobilization.
PlanMaryland, like it or not
Why? Because the Governor says so. And you will like it.
I have found it interesting over the last few days that our “beloved” Governor seems to be operating from the shadows. First of all, his hand-picked redistricting committee dumps out the General Assembly redistricting plan on a Friday evening, when many have tuned out for the weekend, and now this move a week before Christmas. It seems to me that he could have gotten the same thing by making it part of his legislative package for the 2012 session and legitimized PlanMaryland more in the eyes of the public. Instead, Martin O’Malley rams it into law via executive order. Maybe he has learned a lesson or two from Barack Obama and certainly eyes the 2016 Democratic nomination.
And while the Executive Order claims that “PlanMaryland is not a substitute for local comprehensive plans and it will not supplant local planning and zoning authority,” let’s see what happens if a local jurisdiction doesn’t “identify proposed Planning Areas by reviewing their existing comprehensive plans and regulations to see where and how they align with Planning Area Guidelines.” Of course, those will be commanded from on high at the Maryland Department of Planning – the same people who gave us our redistricting.
The biggest problem I have with PlanMaryland is my belief that those who already have growth and development will be allowed to keep going, while areas like ours which need something to spur job creation and attract growth will be starved. There’s no question that the Radical Green idea of maintaining our rural heritage isn’t one of agriculture, but restoring our land back to a state of wilderness. Sadly, we have a Governor who’s pretty much in allegiance to Radical Green – hence the War on Rural Maryland.
Moreover, it’s a question of autonomy. Similar to the argument for supporting an elected school board over one appointed by the Governor, generally the closer government is to the people the more responsive and proper it becomes. Our interests may not be those of some Annapolis bureaucrat in his cubicle, but with PlanMaryland what that faceless and feckless automaton says will dictate our policies regardless of how we would prefer to proceed.
Now that the process is underway, a group called the Smart Growth Subcabinet will have the task of receiving reports over the next 180 days from various state agencies on how they will implement PlanMaryland, then another 60 days to come up with a summary report. Thus, by the end of next summer we will have some idea of PlanMaryland’s effects on our way of life.
Speaking for the other side, Delegate Justin Ready noted that ”(t)he O’Malley Administration has said that PlanMaryland is nothing new. However, they have also said that it is a ‘first step’. My view is if this is a ‘first step’ towards any change in how we deal with land use in our state – that first step should be vetted by the General Assembly,” Ready concluded. “This discussion will definitely continue in the 2012 Legislative Session.”
However, the problem with Ready’s approach is that it’s almost certainly doomed to fail. Even if legislation which curtails some or all of PlanMaryland manages to pass the General Assembly it’s likely to be vetoed by Governor O’Malley. Then the question would obviously be whether the General Assembly could muster the votes to override next year and I don’t think the majority party really wants to cross the governor. They can conveniently let him take the blame since he’s not up for re-election in 2014 – but they are. And given the short attention span of many Maryland voters who don’t notice their freedoms being eroded drop by drop, they just might get away with it.
Making customers pay – twice – for a mandate
According to an AP story which came across the WBOC wires, Delmarva Power is looking to extract $39 million from its Delaware-based customers to cover the cost of installing so-called smart meters around the state. In their state Public Service Commission filing the utility claims that they spent $72 million on replacement, with much of it offset by savings but $26 million lost in depreciation value.
PHI, the holding company that owns and operates Delmarva Power, notes in their 2010 Annual Environmental Sustainability Report that “development of (advanced metering infrastructure) is nearing completion in Delaware…In total, PHI is installing about 1.2 million smart meters across its jurisdictions.” In that same report, they boast about receiving a $168 million grant from the U.S. Department of Energy to “support the rollout of our smart grid initiatives.” In other words, they used our tax dollars to get this ball rolling and now expect ratepayers to make up the difference. Now that’s chutzpah.
The ‘clean energy scam’ in Maryland
The inspiration for this post was received yesterday when I perused a commentary by Townhall.com writers Amy Oliver Cooke and Michael Sandoval called “Disasters Keep Hitting Clean Energy Scam.” It picks out over two dozen news items which illustrate the folly of so-called clean energy, alternatives which have “so far failed to demonstrate the necessary economic and energy-efficient capacity to succeed in a true energy market,” the authors write.
Their work got me to thinking about events closer to home. While Maryland doesn’t have its own Solyndra on a federal level and our efforts against Radical Green have been more concentrated lately on the battle to thwart the adoption of PlanMaryland, we indeed have our issues and spend many tax dollars on alternative energy. Governor O’Malley is foursquare a believer in anthropogenic climate change and has connived the Maryland General Assembly into passing several measures ceding a significant market share to these alternatives without a clear market demand for them.
For example, we’ve passed and since tightened twice a solar energy portfolio utilities are mandated to meet or pay a penalty, entered the extortion of local utilities otherwise known as the Regional Greenhouse Gas Initiative – a nifty model of wealth redistribution – and mandated a 25% reduction in greenhouse gases (read: our standard of living), just to name a few. Aside from the original solar energy portfolio mandates, these bills were all introduced at O’Malley’s behest and rushed through without much thought about the impact on the state’s economy. On the other hand, even exploring for offshore oil is something O’Malley “can’t imagine anyone actually wanting to go forward with” and tapping into a proven source of energy such as the Marcellus Shale formation has to be studied to death before Marylanders can take advantage. Meanwhile, our state is a net importer of electricity because of its high density, small land mass, and unwillingness to build the generating plants to bring balance (a Calvert Cliffs would likely not be built today.)
I have little doubt that there may come a time when some of these alternatives could work well, but the problem is we can’t depend on the fickle nature of natural phenomena to promote a 24/7/365 economy. To do so would place us in the same category as Third World nations which are lucky to have electricity a few hours a day, if at all. A stretch of cloudy, rainy days isn’t going to make a solar panel very useful nor will those hot, still days of midsummer do much to turn a wind turbine. Even a more reliable natural source like hydroelectric production could be curtailed by a lengthy dry spell.
It’s quite telling to me that radical environmentalists reflexively believe that any alternative energy or restriction of fossil fuel usage is great, and those skeptics like me need some sort of reeducation. (After all, why else would Maryland mandate environmental education in the schools? Can’t let those who know the real score influence those “skulls full of mush” in a politically incorrect way.) I’ll concede that someday in the distant future we will indeed eventually run out of marketable fossil fuels, but I have faith that someone in the private sector will also figure out a way forward – sort of like how Thomas Edison, Henry Ford, or the Wright brothers did.
The problem I have is in the force of law telling us we must adapt or the government tilting the playing field in a specific direction toward these unproven technologies. If someone wants to place a bed of solar panels or put up a windmill to power their farm (as was done a century ago) I say go ahead and do so – just pay for it out of your own pocket. If there’s economic viability in doing so, then by all means take advantage. But that economic viability shouldn’t include a cut from the state funding siphoned from your neighbors while other legitimate functions of government go wanting.
Odds and ends number 35
Gee, and I just did one of these last week. But I keep picking up more interesting items, so here we go.
On Saturday it’s quite likely your bank started charging you a monthly fee for using a debit card, whether once or multiple times a day. The most infamous example is the $5 monthly fee Bank of America enacted, but many other banks got into the act as well.
But as John Berlau of the Competitive Enterprise Institute wrote in the American Spectator, we have someone else to blame as well:
The irony of these developments is that if the media and politicians wanted to blame a greedy big business for these new consumer costs, there is one industry that would accurately fit the bill. This would be the giant big-box retailers that lobbied for these price controls to fatten their bottom line.
In fact, one report I found said Home Depot stood to save $35 million a year by cutting the interchange fees in roughly half, as the new federal regulations do. Of course, that is split out among everyone who shops at Home Depot whether they use a debit card or not. But don’t hold your breath waiting for prices to miraculously come down since each store has thousands of items that may cost a few pennies less for the retailers to sell. Bank customers will be stuck with the fees, though.
WCRC meeting – September 2011
Have you ever felt like something was deja vu all over again? Well, that was the sense I got in hearing State Senator Rich Colburn speak at last night’s Wicomico County Republican Club meeting.
Once we got through the usual business of the Lord’s Prayer, Pledge of Allegiance, introduction of guests, reading of the minutes, and treasurer’s report, we got to hear Senator Colburn deliver the bad news: everything old is new again with both the Special Session and what’s likely on tap for 2012.
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