Hostile Takeover: Resisting Centralized Government's Stranglehold on America (53 page)

planning:

assumptions and, 43–44

knowledge problem, 29–31

political pretense and, 31–37

Plouffe, David, 324, 325

“point of no return,” debt default, 22

Polanyi, Michael, 77

policymaking, Tea Party and, 113

political change, 113

political power, concentrated, 91

portable restrooms, Tea Party marches and, 10, 88

Portuguese debt crisis, 21, 225

Powell, Lewis, 231

power, centralized, 51, 52, 62

precious metals, as money, 205–206

prescription drug reimportation, 169–170

“pretense of knowledge,” 28, 31–37

Price, Richard, 75

Price, Tom, 71

profits tax, 188

Program for International Student Assessment (PISA), 233

Progressive Era, 212, 288

Progressive movement, 48–49, 52, 79

Progressive Party, 279

“progressives,” use of term, 79–80

property damage, from Occupy Wall Street, 89

Protect IP Act (PIPA), 320, 321

protest movements, Internet tools and, 76

protests, 113, 326–327, 339–340

public demonstrations:

overnight camping laws, 13

sanitation during, 10–11

see also
protests

public education, 232

“public interest” rationale, 62

public spaces, damage to public demonstrations and, 13

QE1 and QE2, 218, 219

Quality Adjusted Life Year (QALY), 259–260

“quantitative easing,” use of term, 176, 218, 219

radio, 59, 63

Radio Act of 1927, 58

radio/TV station ownership, 58

Rago, Joseph, 35

Raines, Franklin, 155

rallies, 113

Rand, Ayn, 95, 96, 148, 151, 159

“The Rant Heard ‘Round the World,” 75, 208

Raser Technologies, 163

Rattner, Steve, 39

“read my lips” tax hike, 190

Reagan, Michael, 173

Reagan, Ronald, 172, 231, 241, 280, 310, 311, 315, 334

Reagan administration, 58, 190

Reagan Revolution, 189

Rebuild the Dream, 100

redistribution of wealth, 80, 83, 92, 95, 151

RedState,
74

“regression theorem,” 204

Reich, Robert, 253–254, 256–257, 284

Reid, Harry, 22, 23, 68, 106, 112, 144, 267

relative prices, 44

rent-seeking, 50, 153, 166, 168, 170–171

Republicans, xiii, 36, 107, 108, 114, 115, 116, 117, 118, 119, 126, 129, 130, 134, 148, 241, 327

Republicans in Name Only (RINOs), 116

Republican Study Committee (RSC), 143

respect for property, 88

retirement:

defined-contribution programs, 301

Galveston model, 303

personal retirement accounts, 302–303

see also
Social Security

Revenue Act of 1861, 184

Revolution of 1937 (Supreme Court), 294–295

Rhode Island, tax credits for education, 246

Richmond (VA) Tea Party, 11–12

RINOs (Republicans in Name Only), 116

Rivalry and Central Planning
(Lavoie), 28

Rizzo, Mario, 44

Roadmap for America’s Future, 142–143

Road to Serfdom
(Hayek), 38–39

Roberts, Russ, 38

Robert Wood Johnson Foundation, 316

Rogers, Jim, 165, 166

Romney, Mitt, 35–36, 334

Roosevelt, Franklin D., 48, 50, 102, 188, 208, 209, 215, 279, 292–294, 295

Roosevelt, Theodore, 49, 79, 279

Rosko, Lynn, 10

Rothwell, Jonathan, 33

“rubber rooms,” 240

Rubio, Marco, 128, 137

“rugged individualism,” Obama on, 81

“Rule for Radicals,” 81

Russell Senate Office Building, ejection of Tea Party Debt Committee, 1–7, 24, 25

Ryan, Paul, 140, 142, 144

Salazar, Ken, 13

Sanchez, Julian, 320

Sanders, Bernie, 228

sanitation, during protests, 10, 11

Santelli, Rick, 75, 76, 208

Santorum, Rick, 117

Schambra, William, 37

Schechter Poultry Corp. v. U.S.
(1935), 374
n
15

Schieffer, Bob, 86

Schiff, Peter, 216–217

S-CHIP, 138, 280

Schlichter, Detlev, 209

schools:

violence in, 234, 235

see also
education; teachers

school vouchers, 243–245

Schumer, Charles, 3, 4, 7, 62–63

Schumpeter, Joseph, 70

Schweizer, Peter, 161

scientism, 48

Scott, Tim, 124, 125, 132

Sebelius, Kathleen, 316

“seen and unseen,” 44–45, 83

self-interest, 29

Senate.
see
U.S. Senate

Sennholz, Hans, 200, 229

Sessions, Pete, 120

Shanker, Albert, 238

Sifry, Micah, 320–321, 324

Siga Technologies, 171

silver, as money, 205

Simon, Paul, 135–136

Simonelli, Lorenzo, 173

simplified tax code, 177

“simulating a hearing,” 4, 6

“single payer” healthcare system, 258

Sixteenth Amendment, 185–187

smallpox vaccines, 171

SMART Account, 304–305

SMART Act.
see
Strengthening Medicare and Repaying Taxpayers (SMART) Act

Smith, Adam, 27, 85, 93, 150

Smith, Lamar, 320

Smith, Vernon, 85

Snopes.com, 74

Sobchak, Walter, 104

“social contract,” 297

socialism, 30–31, 79–80, 96, 203

social justice, defined, 80

social media, 76, 119, 329–330, 332

Social Security:

about, 20, 279, 287, 297

bankruptcy of, 297

culture of dependency, 50

history, 292–297

payroll tax, 292, 294, 296–297

as privilege not property, 291–292

problems with, 300, 303

reform, 299, 310

return on investment, 298–299

Tea Party Budget, 147

trust fund, 299

worker-to-retiree ratio, 298

Solyndra, 31, 32, 78, 156, 158, 159–162

“Sons of Liberty,” 15

SOPA.
see
Stop Online Piracy Act

South Carolina, 121–125

Sowell, Thomas, 218

Space, Kelli, 249–250

Spahr, Charles B., 51

Spain, debt crisis, 21, 225

Specter, Arlen, 117–118, 128

Spinner, Steve, 160

spontaneous order, 332

Spratt, John, 121, 122, 143, 329

Squawk Box,
75

stagflation, 189, 212

“State Capitalism,” 154

State Children’s Health Insurance Program.
see
S-CHIP

Steele, Michael, 120

Steinhauser, Brendan, 8

Stephanopoulos, George, 295

Stephens, Marlene, 261

Stern, Andrew, 171

stimulus legislation, 112, 323

stimulus package, 159

Stop Online Piracy Act (SOPA), 320, 321

street protests, 112

Strengthening Medicare and Repaying Taxpayers (SMART) Act, 304

student loans, 246–250

Summers, Larry, 168

“supercommittee” (Joint Select Committee on Deficit Reduction), 1, 3, 23, 145

supply and demand, of money, 203–204

Supreme Court, revolution of 1937, 294–295

swing voters, 116

Taft, William Howard, 186

talk radio, 59, 63

tanning-bed tax, 198

TARP (Troubled Asset Relief Program), 67–68, 84, 98, 105–107, 154, 219, 220, 322

Tauzin, Billy, 169, 170

Tax Act of 1932, 188

tax-and-spend power, 294

taxation, 175–199

Buffett Rule, 176, 222–225

capital gains tax, 194

flat tax, 177, 192–194, 197

Founding Fathers on, 181–182

tanning-bed tax, 198

see also
income taxes

tax code, 177, 178

tax credits, for education, 246

tax extenders, 198

“tax hike,” use of term, 176

Taxpayer March on Washington (2009), 8, 10, 86, 90, 91, 108–110

tax reform, 36, 177, 179–180, 193

tax simplification, 36

teachers, 239, 240

see also
education

teachers’ unions, 238–239

Tea Party (colonial).
see
Boston Tea Party

Tea Party (modern):

accusations of racism, 97

attacks on, 109–110

building at a local level, 112–113

color-blindness of, 126

Contract from America, 99, 125, 127, 130, 131

described as domestic terrorists, 87, 97, 323

emergence, 107–109

on federal budget, 140–144

Florida, 128

freedom as strategy, 330–333

Get Out the Vote (GOTV), 114, 131, 331, 332

grassroots campaigning, 119

Hoffa on, 316–317

Jones on, 99–100

Kentucky, 126–127

as “meta-brand,” 75

origins, 9–10

as partisan, 108

Patient’s Bill of Rights, 284

Pelosi on, 14

protests, 113, 326–327, 339–340

purpose of, 108

second iteration of, 111

shifting power from White House back to Congress, 119

South Carolina, 121–125

Utah, 127–128

values, 332

Tea Party Budget, 146

Tea Party Class, 121

Tea Party Debt Committee (TPDC)

about, 144–147, 303–304

ejection from Senate Rules Committee, 1–7, 24, 25

Tea Party in the Park (Florida; 2009), 10

Tea Party marches, unfair treatment by governmental agencies, 8–10

technology:

media and, 59

see also
Internet

Telecommunications Reform Act of 1996, 59

television:

CBS Evening News,
53, 61, 70, 74

evening news shows, 61

new personality TV networks, 65–66

television audiences, 61

Tenth Amendment, 241, 244–245, 292

tenure, for teachers, 239, 247

Texas:

Galveston model for pension funding, 303

oil exploration, 165

The Theory of Money and Credit
(Mises), 205

The Theory of Moral Sentiments
(Smith), 85

theory of value, 115

Thiel, Peter, 250

“third-party payment,” 276–278, 283

Thomas, Sherri, 244

Thompson, Fred, 334

Thompson, Joe, 121–122

Thurmond, Paul, 124, 125

Thurmond, Strom, 124, 125

“A Time for Choosing” (Reagan), 310

Toomey, Pat, 117, 118, 137, 139, 143

top-down approach, 27–28, 52, 58, 93, 120, 212, 226, 232, 242

treasury bonds, 211

Treaty of Versailles, 214

Troubled Asset Relief Program.
see
TARP

Twitter, protest movements and, 76

Tzortzatos, Stacey, 89

U2 (rock band), 196

ultrarich, IRS statistics, 178–179

unemployment rate, 218, 266

United Kingdom, healthcare system, 258–260

United Nations, 54

United States:

debt crisis, 19–22

education, 230–253

Great Depression, 215

interest rates, 211, 216–217

monetary policy, 201–229

national debt, 19–20, 214

quality of American education, 233–234

unemployment, 218

unemployment rate, 218, 266

U.S. Capitol Police (USCP), 5–7, 88

U.S. Climate Action Partnership (USCAP), 165, 167

U.S. Congress:

as America’s Board of Directors, xiii–xiv

budget resolution, 22–23

ejection of Tea Party Debt Committee, 1–7, 24, 25

freshman class of 2010, 130–135

Republican majority, 129–130

“simulating a hearing,” 4, 6

tax-and-spend power, 294

U.S. Constitution:

Commerce Clause, 293

First Amendment rights, 17

General Welfare Clause, 293

“individual mandate” to buy health insurance, 268

Sixteenth Amendment, 185–187

on taxation, 183, 185

Tenth Amendment, 241, 244–245, 292

U.S. Department of Education, 241–242

U.S. dollar, 208–209

“The Use of Knowledge in Society” (Hayek), 41

U.S. government:

bond ratings, 21

centralized authority in, 22

debt default, 22

federal budget, 18–19

federal deficit, 19–20

federal interest payments, 21–22

federal spending, 19

national debt, 19–20

U.S. Park Police, unequal treatment by, 12–13

U.S. presidents, top-down executive power, 336

U.S. Senate:

freshman class of 2010, 130–135

hearing rules of Senate Rules Committee, 5

Republican majority, 129–130

U.S. Senate Rules Committee, ejection of Tea Party Debt Committee, 1–7, 24, 25

U.S. treasury bonds, 211

U.S. v. Butler
(1936), 374
n
15

Utah, 127–128, 136

value, 115, 204

Vermont, spending on education, 237

violence, in schools, 234, 235

Virginia:

Richmond Tea Party, 11–12

tax credits for education, 246

von Böhm-Bawerk, Eugen, 29

vouchers, 243–245

“walk of freedom,” 8

Wall Street Journal,
61

Wall Street reform, 318

War Revenue Act of 1917, 187

Washington, George, 337–338, 340

Washington (state), spending on education, 237

Washington D.C.:

Occupy Wall Street damages, 12–13

Opportunity Scholarship Program, 244–245

spending on education, 237

Washington Post,
70

The Wealth of Nations
(Smith), 27, 150

wealth redistribution, 80, 92, 93, 95, 151

Weimar Republic, 213–214

Welch, Matt, 107

welfare state, 50

West, Kanye, 83

What You Should Know About Inflation
(Hazlitt), 226

White, Lawrence, 215, 227, 228

Whole Foods Market, 271–273

Williams-Bolar, Kelley, 234–235, 236

Wilson, Woodrow, 186, 279

Winfrey, Oprah, 66