Buying Bitcoin, A Personal Adventure

Buying Bitcoin, A Personal Adventure — With all the talk about bitcoin we decided to buy some.

Buying Bitcoin, A Personal AdventureWe enrolled at Localbitcoins. com being guided there from Bitcoin.org, a well-established site where you can also find information about the cryptocurrency.

We found a seller, Georgia-based Swift-Bitcoin, and accepted an offer of about $100 at an exchange rate of $11,276.62 per bitcoin.

Getting the coin required us to take a photo — no scan accepted– of our drivers license and send it to the seller. He thought the first one was fuzzy and made us take another. We then had to make a cash deposit at a Bank of America according to his instructions, write “No Refunds” on the receipt, and send him a a photo of the receipt next our face.

He then released our purchase and we are now proud owners of about .009 bitcoin.

Remember, bitcoin is not meant to be an investment, albeit it’s probably not a bad one right now. It’s designed as a medium of exchange with an intrinsic value set digitally and kept true by a cryptography-secured public ledger (blockchain). Just about all government-issued money in the world — including the United States — is “fiat” which means the value is arbitrarily determined by a government or government-connected bank.

Buying Bitcoin, A Personal Adventure

 

 

Stop Government Doing Union Work

Stop Government Doing Union Work

By Leo Knepper

Most people don’t realize it, but the state government and localities across the commonwealth collect campaign contributions for political action committees (PACs) controlled by government unions.

In February, the Senate sent legislation to the House (SB 166 and 167) to end this practice. As we noted then:

“Over the course of the last ten years, various elected officials in Pennsylvania have gone to jail for using public systems for political gain. However, government unions have been using the public employees’ payroll system to collect funds that are spent directly on candidates and influencing elections (PACs) and funds used to engage in lobbying, voter registrations, get out the vote, and a host of other political activities.

“Why should it be legal for unions to use the public payroll system for political purposes, but illegal for former-Speaker John Perzel to use the constituent data system to help sway elections? There is no difference between these two activities; both are political, both are on the public dime, and both should be illegal.”

The good news is that the House State Government Committee sent two pieces of legislation, SB 166 and HB 1174, to the floor of the House for final passage. We would prefer government getting out of the business of collecting union dues and political contributions entirely. However, the passage of either of these bills would be a drastic improvement over the status quo.

The main difference between the two bills is that HB 1174 would still allow the collection of political contributions from the state police, corrections officers, and other “public safety” employees. SB 166 does not make a distinction between public safety and standard employees; it prohibits the collection of campaign contributions from all government employees.

Please take a moment to contact your Representative and encourage them to support both of these pieces of legislation.

Mr. Knepper is executive director of Citizens Alliance of Pennsylvania.

Stop Government Doing Union Work

Stop Government Doing Union Work

SB 76 Fails To Ease Tax Burden Says Lisa Esler

SB 76 Fails To Ease Tax Burden — Lisa Esler, who is one of our favorite people and is a Penn Delco school director, had a 14-minute interview, today, Nov. 30, with Gunther Rewind concerning SB 76. The proposed legislation would prohibit homes from being taxed to fund schools.

Lisa notes that this reform does not solve the tax burden issue and that  state legislature is not interested in taking the simple, commonsense steps necessary to do so.

She says the prevailing wage mandate increases construction and maintenance  projects between 10 and 30 percent and should be simple to repeal with an honest government. She notes unnecessary state mandates such as paid teacher sabbaticals. She points out the crushing $70 billion-and-rising pension shortfall. She mentioned how the right to strike by teachers inevitably means tax increases.

And while nobody should be taxed from their home, Lisa is 100 percent correct that  Harrisburg is not serious about fixing things.

You can find Lisa’s interview here.

SB 76 Fails To Ease Tax Burden

SB 76 Fails To Solve Tax Burden Problem

Philadelphia Earthquake Felt Nov. 30

Philadelphia Earthquake Felt Nov. 30 — Philadelphia residents who felt their houses shake about quarter-to-five this afternoon (Nov. 30) did not imagine it.

The region experienced a 4.1 magnitude earthquake centered on Dover, Delaware.

Philadelphia Earthquake Felt Nov. 30

Philadelphia Earthquake Felt Nov. 30

Beware Bipartisanship As The Incumbent Party Sticks Together

Beware Bipartisanship As The Incumbent Party Sticks Together

By Lowman S. Henry

There is a lot of wailing and rending of garments these days over the hyper partisan atmosphere in both Harrisburg and in Washington, D.C.   Conventional wisdom holds that if Republicans and Democrats would just work together we could solve the problems confronting our state and nation.

But there is ample evidence that when Republicans and Democrats do work together the outcome is worse than no action at all.  The recent collusion between the parties in the Pennsylvania Senate to pass a revenue plan to fund the 2017-18 state budget is a prime example.

So, let’s pull back the curtain and take a look at how elected officials from both parties work together to preserve their own political careers at the expense of taxpayers.

In theory Republicans stand for smaller, less intrusive government and for fiscal responsibility.  Were that actually true the debate in Harrisburg over how to balance the budget would be focused on cost-savings and spending reductions.  Instead, leaders of both parties in the state Senate have focused solely on what taxes to increase and on an even more irresponsible course of action – borrowing from future revenues to cover current expenses.

The GOP holds 34 of 50 seats in the Pennsylvania Senate.  That is a veto-proof majority that again – in theory – should be able to pass a fiscally responsible state budget.  The sordid truth is that Harrisburg is not divided by political party, but rather is governed by an incumbent party dedicated first and foremost to political self-preservation putting up a united front against taxpayers and job creators.

Thus that 34-seat Republican majority was rendered irrelevant when leaders of both parties went behind closed doors to craft a revenue package.  What emerged was a toxic cocktail of tax hikes that would harm businesses such as gas drillers by implementing a severance tax; and add to the burden of homeowners by hiking taxes on gas and electric bills.  Oh, and that wasn’t enough to sate the appetites of the big spenders – they approved borrowing hundreds of millions from future tobacco settlement revenue meaning our children and grand-children will get to share in the pain.

When the final vote was held the revenue package passed 26-24.  How the Senate got to that number is the truly disgusting part of the story.  There is an old saying that you should never watch sausage or legislation being made.  But we will.  If all Democrats had voted for the revenue package it would only have taken ten Republicans to craft a majority.  But fourteen Republicans went astray.

Why?

The goal was to provide political cover to four Democrats in competitive districts.    It is all about incumbent protection.  Party leaders conspired to determine who would vote for and who would vote against the bill.  Those Republicans and Democrats voting for higher taxes and massive borrowing all represent “safe” seats because they are relatively immune to serious electoral competition.

A few Republican Senators who actually favored the bill, but who would face conservative primary challenges if they voted for higher taxes were given a “pass” to vote against the plan. Those Republicans representing more moderate districts and less likely to face a serious primary challenge voted for the tax plan.  Likewise Democrats deemed vulnerable to a tax vote were also given a “pass.”

So everyone wins – except We the Taxpayer.

And, of course, “leadership” of both parties all voted for the revenue package on the mistaken belief that they have to be “responsible” and provide revenue to fund a state government beset by out-of-control spending.   Real leadership and a truly responsible course of action would have been to craft a budget that spends within our means rather than go looking for every way possible to wring more tax dollars from Pennsylvania’s working families, senior citizens and small businesses.

The bottom line: the Senate’s revenue plan vote was nothing more than business-as-usual backroom Harrisburg politics of the type that cynically preserves incumbents at taxpayer expense.

Remember that the next time you hear someone crying out for “bi-partisan cooperation.”

Lowman S. Henry is chairman and CEO of the Lincoln Institute and host of the weekly Lincoln Radio Journal

HB 2104 Limits Electric Rate Hikes

Beware Bipartisanship As The Incumbent Party Sticks Together

Lori Klausutis, Trump Tweet And Morning Joe

Lori Klausutis, Trump Tweet And Morning Joe  — About a half-hour ago (9:14 a.m., Nov. 29), President Trump fired another tweet at corrupt NBC which really might rip the ugly lid off the swamp.

He tweeted: So now that Matt Lauer is gone when will the Fake News practitioners at NBC be terminating the contract of Phil Griffin? And will they terminate low ratings Joe Scarborough based on the “unsolved mystery” that took place in Florida years ago? Investigate! 

The unsolved mystery concerns the death of Lori Klausutis who was an intern in the Florida office of then Congressman Joe Scarborough. Scarborough represented the state’s 1st District as “conservative” Republican.

Ms. Klausustis’ body was found on July 19, 2001. She was 28. Medical examiner Dr. Michael Berkland concluded she had a heart condition that caused her to collapse striking her head on a desk.

Happens all the time to 28 year olds, right? It’s not like she was weightlifting and the barbell fell on her throat, right?

Scarborough resigned two months later — Sept. 9 specifically — saying he wanted to spend more time with his children.

Berkland and his supervisor Dr. Gary Cumberland were big donors to Scarborough’s congressional campaigns. Berkland had moved to Florida after he lost his license to practice in Missouri when he included false information regarding brain tissue samples in a 1996 autopsy report. Florida still hired him as M.E., however, albeit they suspended him in 1999 and took away his license in 2003. Berkland was arrested in 2012 on charges of improper storage of hazardous waste, keeping a public nuisance and driving with a suspended license after human remains were found in a storage unit he was renting.

Lori Klausutis, Trump Tweet And Morning Joe

Lori Klausutis, Trump Tweet And Morning Joe

 

Septimus Winner William Lawrence Sr. Omnibit 11-28-17

Philadelphia was  the songwriting capital of the world in the 19th century courtesy of Septimus Winner.

Winner’s hits, still sung today, feature dark subject matters set to upbeat tunes. They include Listen to the Mockingbird (with Richard Milburn) which concerned a mockingbird singing over the grave of a lover; Der Deitcher’s Dog (Oh Where, Oh Where Has My Little Dog Gone), in which the subject dog is kidnapped by Germans and turned into sausage; and Ten Little Indians, in which nine of them die tragically.

You would think he was a man without hope, except he is also the author of the great hymn Whispering Hope, also still common today.

For what it’s worth, The Three Stooges were fans of Winner. Listen to the Mockingbird was their theme, and the only full-length song they ever performed in a film was Winner’s The Spelling Bee which they called Swinging the Alphabet.

Septimus Winner William Lawrence Sr. Omnibit 11-28-17
Septimus Winner
The Bosche never got this Little Black Devil.