Credit is destroying what savings built. Thus far 2014 has been a fertile year for really stupid economic
ideas. But of all the half-baked doozies that have come down the pike
(the perils of “lowflation,” Thomas Piketty’s claims about capitalism
creating poverty, and President Obama’s “pay as you earn” solution to
student debt), an idea hatched ... MORE
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Peter Schiff: Debt Is No Salvation
Credit is destroying what savings built. Thus far 2014 has been a fertile year for really stupid economic
ideas. But of all the half-baked doozies that have come down the pike
(the perils of “lowflation,” Thomas Piketty’s claims about capitalism
creating poverty, and President Obama’s “pay as you earn” solution to
student debt), an idea hatched ... MORECurbing Carbon Vs Rational Recklessness
by Steve Chapman. Rousing the public to do something about the growing federal debt is not easy. The dangers it poses are distant and vague. The immediate effects are not apparent. Any measure to cut deficits looks trivial next to the scale of the problem. Doing nothing is the easiest option. But responsible adults understand the need to ... MORE
Why The Cost Of Government Is Higher Than You Think
by Gary Galles. Crowding out what matters. “Look what I did for you!” When our children were small, my wife and I
got many gifts from them accompanied with those words (including most of
our
refrigerator art and many things that still adorn our Christmas trees),
in search of approval and encouragement. While that process was an ... MORE
California Officials Dread Rail Project Trial
by Steven Greenhut. Those readers who are familiar with Judge Gideon Tucker's words that "No man's life, liberty, or property are safe while the legislature is in session," might chuckle that two good-news-for-taxpayers stories came out of Sacramento last week. They came, coincidentally, as legislators had left town to enjoy their spring ... MOREJeff Berwick: Stealing Every Last Penny From Americans
More evidence the government is not us. All of a sudden the government lays claims to your savings. They can't prove you owe them a dime, but you're deprived due process. The legal bills become overwhelming, and so you let your money be stolen. You simply have no choice. Sound outlandish? It's not. Not in the "Land of the Free" ... MORE
George Will Is Confident Americans Will Rebel
by Benjamin Weingarten. Against abusive government. In an interview with TheBlaze Books in connection with the release of his new book, “A Nice Little Place on the North Side: Wrigley Field at One Hundred,” we spoke with prodigious columnist and author George Will on all things baseball and his unified theory of beer,
and then ... MOREWynton Hall: Seven Devastating Economic Facts
Hope and change made everything worse. U.S. economic conditions in 2014 continue to languish, as millions of Americans remain jobless. Seven economic facts underscore America’s increasingly dire economic outlook. 1. A Record 91.8 Million Americans Are No Longer in the Workforce The latest Labor Department figures reveal that a ... MORE
Can Government Make You Pay A Relative's Debt?
by Wyatt Andrews. Whose going to stop them? Two months ago, Mary Grice, a career employee at the Food and Drug Administration, was notified the U.S. Treasury had confiscated her state and federal tax refunds totaling $4,500. The government had taken the money before she knew there was a problem. "To be honest, I was ticked off," ... MOREWhy Republicans Are Surrendering On The Debt Ceiling
by Molly Ball. The last stage of grieving is acceptance. The first wave of Tea Party lawmakers strode into Congress in 2011 on a wave of denial and anger. They were angry at President Obama and business as usual in Washington. But they were also in denial about their power—or rather powerlessness—to change it. Three years later, the right-wingers ... MORESteve Chapman: For Ships Of State, A Looming Iceberg
The crushing burden of government employee pensions. If you're in the hospital with multiple fractures, a staph infection
and a collapsed lung, you may not take great comfort when your doctor
informs you that his last patient has it worse, being dead. Sometimes
encouraging comparisons are not that encouraging. So Chicagoans didn't ... MOREJack Kelly: Our Economy Is About To Implode
"Beware the Ides of March,” the soothsayer warned in Shakespeare’s play “Julius Caesar.” A Roman religious holiday, the Ides (15th) of March was the day on which Roman consuls assumed office — and the day Caesar was assassinated. For the United States, and the world economy, the Ides will be around March 4 this year, predicted ... MORE
Full Employment Redefined By The Obama Regime
by Lee Cary. Words matter. Presidential candidate Senator Barack Obama said that in a 2008 campaign speech. It was not news then. And it's not news now, for as long as there have been words they have mattered. What matters most about words today is that, in politics, they are losing their core meanings as doublespeak spreads. When a Senator ... MOREJeffrey Dorfman: The Government That Cried Wolf
Debt ceiling deja vu. On February 7 the United States will once again reach its statutory debt limit, meaning it cannot legally borrow any more money. Since the obvious option of cutting spending to match the amount of revenue that the government collects is off the table for some inexplicable reason, Congress will have to pass a new, higher ... MOREBruce Walker: The Federal Reserve's Century Of Failure
Why no centennial celebration? December 23, 2013 marks the centennial of a disastrous transformation of the American Republic. On December 23, 1913, the Federal Reserve System was created. Woodrow Wilson believed that central planning could make America better. His informal deputy, Colonel House (who was not really a colonel ... MORE
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