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Tidbits Political Quotations
To Accompany the October 17, 2017 edition of Tidbits          
Bob Jensen at
Trinity University

USA Debt Clock --- ubl

In September 2017 the USA National Debt exceeded $20 trillion for the first time ---

How Your Federal Tax Dollars are Spent ---

To Whom Does the USA Federal Government Owe Money (the booked obligation of $20+ trillion) ---
The US Debt Clock in Real Time --- 
Remember the Jane Fonda Movie called "Rollover" ---
One worry is that nations holding trillions of dollars invested in USA debt are dependent upon sales of oil and gas to sustain those investments.

To Whom Does the USA Federal Government Owe Money (the unbooked obligation of $100 trillion and unknown more in contracted entitlements) ---
The biggest worry of the entitlements obligations is enormous obligation for the future under the Medicare and Medicaid programs that are now deemed totally unsustainable ---

How Americans Get Health Insurance ---


Sometimes the grass is greener on the other side because it's been fertilized with more bullshit.


Shoot for the space in between, because that's where the real mystery lies.
Vera Rubin


Only those who will risk going too far can possibly find out how far one can go.
T.S. Eliot

There is a crack in everything, that’s how the light gets in.
Leonard Cohen

Be brave enough to start a conversation that matters.
Margaret Wheatley
Even conversations that are not politically correct.

Why, we grow rusty and you catch us at the very point of decadence --- by this time tomorrow we may have forgotten everything we ever knew. That's a thought isn't it? We'd be back to where we started --- improvising.
Tom Stoppard, Rosencrantz and Guildenstern are Dead (Act I)

It's hard to beat a person who never gives up.

Babe Ruth, Historic Home Run Hitter
What's sad is to witness what Syria has become because nobody will give up.

And "because they're nonstate actors, it's hard for us to get the satisfaction of [Gen.] MacArthur and the [Japanese] Emperor [Hirohito] meeting and the war officially being over," Obama observed, referencing the end of World War II. 
President Barack Obama when asked if the USA of the future will be perpetually engaged in war.

We must be willing to get rid of the life we've planned, so as to have the life that is waiting for us. 
Joseph Campbell

If everyone is thinking alike, then somebody isn't thinking. 
George S. Patton

If you don't know where you're going, you might not get there.
Yogi Berra

Happiness is like a butterfly: the more you chase it, the more it will elude you, but if you turn your attention to other things, it will come and sit softly on your shoulder.
Henry David Thoreau

Nikki Haley: 'Without Inspections, the Iran Deal Is an Empty Promise' ---

NYT:  IBM Has More Employees in India Than in the USA ---
Jensen Comment
Surprise! Surprise! The main reason is lower labor cost for skilled workers.

There is just 1 murder per 100,000 residents in New Hampshire, one-quarter of the national murder rate and the lowest of any U.S. state ---

A FRENCH court has faced a flurry of nationwide criticism for branding the "sexual relationship" between an 11-year-old girl and a 28-year-old man consensual ---

Berkeley students shut down exam, demand 'take-home' instead ---

There’s one big reason that academic historians turn up their noses at Ken Burns' popular documentaries: sour grapes ---
Jensen Comment
Academic scholars and researchers have a lot of input into his documentaries. I especially recall the frequent segments by professors in in his Civil War documentary. It seemed that the segments of his more recent Viet Nam documentary focused more on participants in the war, but this is somewhat logical since so many of them are still alive. Perhaps the one difference between Burns and researchers is that researchers are more focused on uncovering new sources and new knowledge whereas Burns is more focused on how to marshal what is known into a television production. This goes back to the classic difference of academic research versus academic scholarship. Researchers get their recognition from discovery of new knowledge. Also academic historians are more focused on integration of knowledge from various academic disciplines such as philosophy, political science, sociology, economics, and (gasp) business.

Democrats And Republicans Blast IRS's Decision To Award Equifax $7.25m No-Bid Contract To Prevent Taxpayer Identity Theft: 'I Thought I Was Reading The Onion' ---
Jensen Comment
What's next? Awarding the Nobel Peace Prize to Kim Jong-il or the Nobel Economics Prize to Nicolás Maduro.

Tom Malinowski, who served as Barack Obama's assistant secretary of state for democracy, human rights and labor from 2014 to 2017, has admitted in a Washington Post article that the United States "meddled" in Russian elections by financing political groups. Malinowski says: "until the U.S. Agency for International Development was expelled from Russia in 2012 [it helped] fund some of the country’s leading nongovernmental organizations ---

Senator Elizabeth Warren:  Equifax Is Going to Make Millions Off Its Own Data Breach
Jensen Comment
Senator Warren assumes that the revenue opportunities will exceed the civil lawsuits for damages that she does not mention (at this point damages are great unknowns and difficult to prove, but judges and juries may not be entirely sympathetic with Equifax defenses in court). Companies in this industry have an uncanny ability to survive incidents of incompetence and outright fraud.

Antifa Rioter In Oregon Gets Five Years In Jail For Torching Police Car ---

New York Times:  The occasional shocking public statements (from adjunct instructors) should serve as a reminder of the volatility that comes when — in higher education or outside it — we allow employment conditions to deteriorate to whatever the market will bear.
Jensen Comment
Read that as meaning when you pay rock bottom prices for people that will work for food expect some of them to speak, write, and behave like idiots.

Harvard's Bogus ExxonMobil Study ---

One-Armed Bandit
For real, a woman with one arm tried to rob a bank

Ivanka and Donald Trump Jr. Were Close to Being Charged With Felony Fraud ---
Jensen Comment
What surprised me is how small the bribes were in this case --- peanuts compared to the attorney fees. Makes you wonder how much went under the table that's not being reported.

Double Shame on Penn State
Mr. Piazza's father meets with the university's president, Eric J. Barron, and hands him the program from his son's funeral: "Since no one had the time to come," he says ---

The Atlantic:  The media will feast on the story, which provides an excuse to pay an unwarranted amount of attention to something viewers are always interested in: the death of a relatively affluent white suburban kid. Because the culprits are also relatively affluent white suburban kids, there is no need to fear pandering to the racial bias that favors stories about this type of victim. The story is ultimately about the callousness and even cruelty of white men.
Jensen Comment
In the end scandalous sex in the shower proved to be much more costly to Penn State officials than scandalous death in a fraternity house.

Conservatives are furious at Trump for not firing the IRS commissioner, and one says it could be because of his tax returns ---
Jensen Comment
At last I get it!

Why the Nobel Peace Prize Brings Little Peace ---

Obama's Presidential Library Won't Actually Have Library Materials (these will be only available online)---

Why Chicago’s new debt scheme is reckless ---

The financial collapse of Illinois is accelerating (now a fleeting $16.5+ billion in unpaid bills) ---
Jensen Comment
Following years of mismanagement and corruption (especially in public pensions)

“To us, Che was a symbol of boldness, intelligence, internationalism, self-sacrifice, solidarity and, as he said, “at the risk of appearing ridiculous,” love. Che rejected personal gain and privilege for the leaders in a struggle for a fair and just society; he lived as he asked others to live.
(Former Weatherman terrorist Bill Ayres, writing in The Nation. Oct 8th.)
In fact, “Che Guevara’s house was among the most luxurious in Cuba,” wrote Cuban journalist Antonio Llano Montes about the mansion Che Guevara “nationalized” (stole at Soviet gunpoint from rightful owner and moved into) in January 1959.
Jensen Comment
A few activist heroes lived Spartan lives (think Ghandi, Marx, and Lenin), but most lived in concealed luxury and womanizing, including Stalin, Che Guevara, Fidel Castro, Hugo Chávez, Nicolás Maduro, and Vladimir Putin.

NBC News is facing increasing questions over why it spiked an explosive story on allegations of rape against Harvey Weinstein. NBC correspondent Ronan Farrow was asked by Rachel Maddow why his story appeared in The New Yorker and not on an NBC platform ---

Harvey Weinstein's Contract Allowed For Sexual Harassment ---

For some in California, minimum reading and math skills are no longer required for a high school diploma as long as students can think critically ---

Harvard Business Review:  Hiring Discrimination Against Black Americans Hasn’t Declined in 25 Years ---

Why the United States Is Saying Goodbye to UNESCO ---
There are various reasons, not the least of which is UNESCO's anti-Israel bias.

Bloomberg:  China is expected to capture 65% of the battery market by 2021, with much of what remains left for Europe ---
Jensen Comment
Increasingly the USA will be at the mercy of foreign manufacturers of batteries for cars, trucks, homes, and businesses.

Late night comedians who rant about Trump won't make jokes Weinstein because he's a Democrat

The TV Networks Newest Approach to the NFL scandal is to black out the playing of the National Anthem ---
Jensen Comment
Yeah, most people of the USA would rather watch advertisements for Budweiser than the playing of the National Anthem.




They say that patriotism is the last refuge
To which a scoundrel clings.
Steal a little and they throw you in jail,
Steal a lot and they make you king.
There's only one step down from here, baby,
It's called the land of permanent bliss. 
What's a sweetheart like you doin' in a dump like this?

Bob Dylan

Well, the rifleman’s stalking the sick and the lame
Preacherman seeks the same, who’ll get there first is uncertain
Nightsticks and water cannons, tear gas, padlocks
Molotov cocktails and rocks behind every curtain
False-hearted judges dying in the webs that they spin
Only a matter of time ’til night comes steppin’ in

Bob Dylan

Oh, what did you see, my blue-eyed son
And what did you see, my darling young one
I saw a newborn baby with wild wolves all around it
I saw a highway of diamonds with nobody on it
I saw a black branch with blood that kept drippin'
I saw a room full of men with their hammers a-bleedin'
I saw a white ladder all covered with water
I saw ten thousand talkers whose tongues were all broken
I saw guns and sharp swords in the hands of young children
And it's a hard, and it's a hard, it's a hard, it's a hard
It's a hard rain's a-gonna fall

Bob Dylan

Hear Bob Dylan’s Newly-Released Nobel Lecture: A Meditation on Music, Literature & Lyrics ---

Patti Smith Sings Bob Dylan’s “A Hard Rains Gonna Fall” at Nobel Prize Ceremony & Gets a Case of the Nerves ---

Who Pays USA Taxes?

USA Debt Clock --- ubl


Professor Walter E. Williams ---

Blacks vs. Police

Let's throw out a few numbers so we can put in perspective the NFL players taking a knee during the playing of the national anthem. Many say they are protesting against police treatment of blacks and racial discrimination. We might ask just how much sense their protest makes.

According to The Washington Post, 737 people have been shot and killed by police this year in the United States. Of that number, there were 329 whites, 165 blacks, 112 Hispanics, 24 members of other races and 107 people whose race was unknown. In Illinois, home to one of our most dangerous cities -- Chicago -- 18 people have been shot and killed by police this year. In the city itself, police have shot and killed ten people and shot and wounded ten others. Somebody should ask the kneeling black NFL players why they are protesting this kind of killing in the Windy City and ignoring other sources of black death.

Here are the Chicago numbers for the ignored deaths. So far in 2017, there have been 533 murders and 2,880 shootings. On average, a person is shot every two hours and 17 minutes and murdered every 12 1/2 hours. In 2016, when Colin Kaepernick started taking a knee, Chicago witnessed 806 murders and 4,379 shootings. It turns out that most of the murder victims are black. Adding to the tragedy is the fact that Chicago has a 12.7 percent murder clearance rate. That means that when a black person is murdered, his perpetrator is found and charged with his murder less than 13 percent of the time.

Similar statistics regarding police killing blacks versus blacks killing blacks apply to many of our predominantly black urban centers, such as Philadelphia, Baltimore, New Orleans, St. Louis and Oakland. Many Americans, including me, see the black NFL player protest of police brutality as pathetic, useless showboating. Seeing as these players have made no open protest against the thousands of blacks being murdered and maimed by blacks, they must view it as trivial in comparison with the police killings. Most of the police killings fit into the category of justified homicide.

NFL players are not by themselves. How much condemnation do black politicians, civil rights leaders, and liberal whites give to the wanton black homicides in our cities? When have you heard them condemning the very low clearance rate, whereby most black murderers get away with murder? Do you believe they would be just as silent if it were the Ku Klux Klan committing the murders?

What's to blame for this mayhem? If you ask an intellectual, a leftist or an academic in a sociology or psychology department, he will tell you that it is caused by poverty, discrimination and a lack of opportunities. But the black murder rate and other crime statistics in the 1940s and '50s were not nearly so high as they are now. I wonder whether your intellectual, leftist or academic would explain that we had less black poverty, less racial discrimination and far greater opportunities for blacks during earlier periods than we do today. He'd have to be an unrepentant idiot to make such an utterance.

So what can be done? Black people need to find new heroes. Right now, at least in terms of the support given, their heroes are criminals such as Baltimore's Freddie Gray, Ferguson's Michael Brown and Florida's Trayvon Martin. Black support tends to go toward the criminals in the community rather than to the overwhelming number of people in the community who are law-abiding. That needs to end. What also needs to end is the lack of respect for and cooperation with police officers. Some police are crooked, but black people are likelier to be victims of violent confrontations with police officers than whites simply because blacks commit more violent crimes than whites per capita.

Continued in article


So What's Wrong With the Proposed Republican Tax Plan?

Let Me Count the Ways ---
Then go to

Trump’s tax plan would weaken faith in fairness of US tax system
Gil B. Manzon Jr., Boston College

The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.

Tax ‘reform’ for the rich: Trump’s plan abandons his working-class supporters
Steven Pressman, Colorado State University
President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.

Why Congress should let everyone deduct charitable gifts from their taxes
Patrick Rooney, Indiana University-Purdue University Indianapolis
The tax changes Trump and GOP lawmakers propose would reduce charitable giving, research suggests. But letting everyone use a tax break mostly enjoyed by the rich might prevent that



Politically Correct Rudeness in Academe:  ACLU Speaker Shouted Down at William and Mary ---
Jensen Comment
Are civil liberties coming to an end in higher education?

Bob Jensen's threads on political correctness and the "Closing of American Minds" ---

Cryptocurrency ---

Eight Things Cryptocurrency Enthusiasts Probably Won’t Tell You ---


Soda taxes are good for health. But are they good for local economies such as in Chicago?
Jensen Comment
In fairness, soda taxes might generate more revenue if it were not so easy to to store soda and haul it in from suburbs where it's not taxed so greatly. The same applies to liquor taxes in Massachusetts and Maine when it's so easy to haul in tax-free liquor from New Hampshire.


Bob Jensen's health care messaging ---

Democrats:  Are You Sure You Want Medicare (plus universal "free" nursing care) for All?
Jensen Comment
If done well it will cost more than the entire USA Federal budget with exploding future inflation expenses.


Bob Jensen's threads on health coverage are at



Bob Jensen's Tidbits Archives --- 

Bob Jensen's Pictures and Stories

Summary of Major Accounting Scandals ---

Bob Jensen's threads on such scandals:

Bob Jensen's threads on audit firm litigation and negligence ---

Current and past editions of my newsletter called Fraud Updates ---

Enron ---

Rotten to the Core ---

American History of Fraud ---

Bob Jensen's fraud conclusions ---

Bob Jensen's threads on auditor professionalism and independence are at

Bob Jensen's threads on corporate governance are at 


Shielding Against Validity Challenges in Plato's Cave ---

·     With a Rejoinder from the 2010 Senior Editor of The Accounting Review (TAR), Steven J. Kachelmeier

·     With Replies in Appendix 4 to Professor Kachemeier by Professors Jagdish Gangolly and Paul Williams

·     With Added Conjectures in Appendix 1 as to Why the Profession of Accountancy Ignores TAR

·     With Suggestions in Appendix 2 for Incorporating Accounting Research into Undergraduate Accounting Courses

Shielding Against Validity Challenges in Plato's Cave  ---
By Bob Jensen

What went wrong in accounting/accountics research?  ---

The Sad State of Accountancy Doctoral Programs That Do Not Appeal to Most Accountants ---


Bob Jensen's threads on accounting theory ---

Systemic problems of accountancy (especially the vegetable nutrition paradox) that probably will never be solved ---

Bob Jensen's economic crisis messaging

Bob Jensen's threads ---

Bob Jensen's Home Page ---