The statutory debt limit, or debt ceiling, was designed to control congressional spending by limiting the amount of debt the federal government could accumulate. Clearly, it has not fulfilled its legislative purpose. In fact, the government has lost its ability to monitor its own spending. Having to raise the debt ceiling yet again is a sign ... MORE
Cal Marijuana Advocates Debate New Legalization Effort
The drive to put another marijuana legalization initiative on the California ballot took a step forward Saturday when activists from across the state squeezed into a crowded conference center here to launch the debate over writing the next ballot measure. The campaign for Proposition 19, which lost 54% to 46% ... MORE
VIDEO: Walter E Williams - Greed is Good
Acting in our own enlightened self-interest frequently results in service to our fellow man.
Obama's Energy Policy Triggers Nationwide Blackouts
The rolling blackouts now being implemented in Texas and across the country as record cold weather grips the United States are a direct consequence of the Obama administration’s agenda to lay siege to the coal industry, launch a takeover of infrastructure under the contrived global warming scam, and help usher in the post industrial collapse of America. ... MORE
Tom Woods: Nullification - Answering the Objections
In January 2011 my book Nullification became notorious when it was linked to a bill that declared Barack Obama’s health care law unconstitutional and therefore void and of no effect in the state of Idaho. (Other states have been introducing similar bills, but Idaho grabbed the media’s attention.) Legislators had read it, the news media reported, and while Governor Butch Otter turned down a state senator’s offer ... MORE
David Harsanyi: The Right Kind of Activism
For discussion's sake, let's just concede that every four years or so the American public is fooled into voting for a demagogue who's mastered a pleasant-sounding, market-tested populism. Let's then imagine—this is for discussion only—that this person's resulting agenda, cheery but mildly authoritarian, passes with public support. MORE
ReasonTV: Busybodies Minding Your Own Business
YOUR GOVERNMENT - we're just one more regulation away from nirvana!
VIDEO: Stossel-Coulter Drug War Debate
The Drug War has now been going on for 40 years? How's it working out for us?
Does Our Society Not Care About Prostitutes?
Many of you may have read or heard the story of Phillip Markoff, the "Craigslist Killer" who murdered Julissa Brissman and attacked three other working girls. Lifetime has made a killing (no pun intented) off its movie portrayal of Phillip Markoff. Tellingly, the movie barely even mentioned the lives .... MORE
Judge Vinson Also Smacks Down Crony Capitalism
Judge Vinson's individual mandate ruling is seen --properly -- as a defeat for ObamaCare and a win for individual freedom. And it is all of that, of course. But there's more. Perhaps almost as pleasing as the affirmation of individual freedom and dismissal of a government-run society is the smack down Judge Vinson's ruling gave to the concept of "crony capitalism." MORE
John Stossel: I Can Balance the Budget
The Congressional Budget Office says the current year's budget deficit will be a record $1.5 trillion. It also says that over the next decade we're on track for annual deficits of "only" $768 billion. I suspect the CBO has hired Rosy Scenario to do the bookkeeping, but let's take that number at face ... MORE
53 Years Ago, Ayn Rand saw America's Future.
"Who is John Galt?" The winner of the Atlas Shrugged video contest explains why you need to know.
Russia Moving to Gold Standard?
With the value of the U.S. dollar exponentially declining since the establishment of the Federal Reserve Bank in 1913, it comes as no surprise that many world leaders and international economists have expressed their desire for a new world reserve currency. In light of the global financial crisis, Russia may be moving toward ... MORE
Walter E Williams: Black Education
In my "Black Education Disaster" column (12/22/10), I presented National Assessment of Educational Progress test data that demonstrated that an average black high school graduate had a level of reading, writing and math proficiency of a white seventh- or eight-grader. The public education establishment bears part of the responsibility for this disaster, but a greater portion is borne by black students and their parents, ... MORE
Thomas Sowell: Spilled Milk
The EPA's quest to protect citizens from milk spills (at great expense).
Despite the old saying, "Don't cry over spilled milk," the Environmental Protection Agency is doing just that. We all understand why the Environmental Protection Agency was given the power to issue regulations to guard against oil spills, such as that of the Exxon Valdez in Alaska or the more recent BP oil spill in the Gulf of Mexico .... MORE
Despite the old saying, "Don't cry over spilled milk," the Environmental Protection Agency is doing just that. We all understand why the Environmental Protection Agency was given the power to issue regulations to guard against oil spills, such as that of the Exxon Valdez in Alaska or the more recent BP oil spill in the Gulf of Mexico .... MORE
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