No limits to political arrogance. “Government ’help’ to business is just as disastrous as government
persecution... the only way a government can be of service to national
prosperity is by keeping its hands off.” That is what Ayn Rand has to
say about government involvement in the world of business, but the full
extent of this practice is difficult to nail down ... MORE
Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts
Bruce Bialosky: Crony Capitalism Running Rampant
No limits to political arrogance. “Government ’help’ to business is just as disastrous as government
persecution... the only way a government can be of service to national
prosperity is by keeping its hands off.” That is what Ayn Rand has to
say about government involvement in the world of business, but the full
extent of this practice is difficult to nail down ... MOREPeter Schiff: The Real Fiscal Cliff
Low interest rates will rise. As we head toward the end of the year, the media’s fixation with the congressionally imposed “fiscal cliff” will reach a fever pitch and no doubt become a major factor in the presidential campaign. The danger is supposed to arise from the simultaneous implementation of $2 trillion in automatic spending “cuts” ... MORE
Daniel Halper: U.S. On Track For $20 Trillion Debt In 2016
Obama budget adds $4.4 trillion in next four years. By the end of this year, the federal debt is expected to be $16.2 trillion, which is $6.2 trillion more than when President Obama first came into office four years ago. Moreover, new analysis by the Republican side of the Senate Budget Committee finds that, over the next 4 years, if ... MORESteven Greenhut: California Goes Bankrupt
One city after another becomes insolvent. First Vallejo, then Stockton, then Mammoth Lakes, and now San Bernardino and soon possibly Compton. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after another—following a decade-long spree of ramping up public- ... MOREJohn Stossel: Budget Insanity
Political vision does not seem to extend beyond next election. Last year, Congress agreed to $1.2 trillion in automatic spending cuts, unless politicians find other things to cut. They didn't, of course. So now, with so-called sequestration looming in January, panic has set in. Even the new "fiscally responsible" Republicans vote against cutting Energy ... MOREKatie Kieffer: Read My Lips: Recession
If you’re tracking the economy, start tracking women’s lips. If they’re red, plump and glossy, then you know that the economy is heading into a recession. With the possible exception of Kim Kardashian, who has millions to blow on 72-day marriages, American women are putting off big-ticket investments like weddings, childbirth or ... MOREPeter Ferrara: Obama Is Biggest Spender In World's History
The president is running against reality. The U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality. But that is the reality of President Obama today. Waving a planted press commentary, Obama recently claimed on the campaign stump, "federal spending ... MOREJon N. Hall: What 'Every Economist' Says
Except for the ones that disagree. The expression "every economist" is one of the most widely abused in politics. In various formulations, one hears a lot of this rhetoric. You see, there's no disagreement among economists. Keynesians, Austrians, Marxists, classical economists, Rastafarians, you name it...they all say the same thing. Here are ... MOREThomas Sowell: Big Lies In Politics
Unrealistic hopes spawn liars. The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy them, and only in the short run. The current outbreaks of riots in Europe show what happens when the truth catches up with both ... MOREGerri Willis: The Good Government Spending Myth Busted
When politicians spend more, citizens must spend less. Treasury Secretary Tim Geithner is out trying to promote the administration's free-spending policies. He's pushing back against Republicans who are calling for immediate budget cuts and long-term reform for social security and Medicare. To bolster his campaign for tax increases instead of deeper cuts ... MORETed Nugent: The Great California Nightmare
Bankrupt state serves as a warning to the rest of America. I was reminded of that last week when I heard from Sergei Shevchuk, a reader who was flying from Los Angeles to San Francisco on Delta Air Lines. "I was pleasantly surprised when an officer advised me not to take out my laptop and liquids and to keep my shoes and jacket on," he told me. "They said they've been ... MOREDaniel Halper: $16 Billion Deficit In California
Another bad gamble by the bluest of states. California Governor Jerry Brown bet that a nascent financial recovery would lift the world’s ninth- largest economy enough to whittle down a $9.2 billion deficit. Instead, the gap has widened to $16 billion. Today the 74-year-old Democrat will unveil his revised budget and explain what additional spending must be cut. ... MOREJeffrey Folks: Your Money Or Your Schools
Jerry Brown's threat. As a child, I was fond of adventure stories about the exploits of pirates, highwaymen, and miscreants of all sorts. In every such tale there was the moment when the dashing if disreputable protagonist confronts a gaggle of respectable folk and proclaims, "Stand and deliver. Your money or your life!" At the age of eight, armed with ... MOREWashington Times: More TSA Lies
Obnoxious agency caught fibbing to Congress again. Frequent flyers are no fans of the Transportation Security Administration (TSA). The blue-gloved bureaucrats are experts in making trips to the airport as unpleasant as possible. As a joint congressional panel revealed Wednesday, the agency’s biggest failing is its inability to grope the truth. ... MORERandall Hoven: In Search Of The Dreaded Austerity
In 2011, all government in the US spent 41.4% of GDP. To paraphrase Indigo Montoya of Princess Bride: You keep using that word, "austerity." I do not think it means what you think it means. Defining austerity. My 1976 Webster's Unabridged Dictionary includes this definition of austerity: "lack of luxuries: enforced or extreme economy." ... MOREWalter E Williams: Devious Taxation
The dynamics of an uneven tax burden. The Washington, D.C.-based Tax Foundation does a yeoman's job of keeping track of how much we're paying in taxes and who's paying what. It turns out that American taxpayers worked this year from Jan. 1 to April 17, 107 days, to earn enough money to pay their federal, state and local tax bills. That statistic requires ... MOREJohn Stossel: The Economy Needs No Conductor
We spend too much time waiting for orders —and money—from Washington. The collapse of the housing bubble gave politicians a license to do what they wanted to do all along: spend. The usual checks on extravagance, weak as they are, were washed away. Budgets? We’ll worry about that later. Inflation? We’ll worry about that later. As I point out ... MORE
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