Student loan debt has surpassed credit card debt. A growing chorus of economists and educators think that the higher education industry will be America's next bubble. Easy credit, high tuition, and poor job prospects have resulted in growing delinquency and default rates on nearly $1 trillion worth of private and federally subsidized loans. Now the ratings agency ... MOREMike Riggs: Moody's Sounds The Alarm On Student Loans
Student loan debt has surpassed credit card debt. A growing chorus of economists and educators think that the higher education industry will be America's next bubble. Easy credit, high tuition, and poor job prospects have resulted in growing delinquency and default rates on nearly $1 trillion worth of private and federally subsidized loans. Now the ratings agency ... MOREHeidi Harris: The Rat In Obama's Maze
Is someone leaving the building? It goes without saying that President Obama has no grasp of even basic economics. Perhaps he should read Thomas Sowell’s excellent book of the same title, for starters. And it also goes without saying that everything he’s done since taking office has made the economic situation in the nation worse, whether you’re looking at actual job ... MORERich Lowry: Government's War On Lemonade
Beware those conniving grade-school entrepreneurs. There’s no more poignant symbol of American childhood than the lemonade stand, evocative of long, lazy summer days and pie-in-the-sky entrepreneurial dreams. It inevitably was a subject for a Norman Rockwell print, with a brassy kid confidently hawking cups for 5 cents each. If Rockwell were to update ... MORELiberal Victory: Dependent Class Reaches 45.8 Million
Democrats increase voter base. Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture. The number of Americans using the government's Supplemental Nutrition Assistance Program (SNAP) -- more commonly referred to as food stamps -- shot to an all-time high of 45.8 million in May, the USDA reported. ... MORETaxed Out New Yorkers Fleeing The State
from Newscore. Taxed-out New Yorkers are voting with their feet, with a staggering 1.6 million residents fleeing the state over the last decade. For the second consecutive decade, New York led the nation in the percentage of residents leaving for other states, according to the report by the Empire Center for State Policy. The population loss is "the ultimate barometer of ... MOREMatt Welch & Nick Gillespie: War Of Debt-Ceiling Analogies
Politicians quibble while real disaster looms. A funny thing happened on the way to a resolution over raising the nation’s credit limit: The most basic definitions of easy-to-understand words such as “spending,” “increase” and “budget cuts” went out the window faster than Anthony Weiner’s political career. The debt ceiling, which has been set by Congress since 1917, is ... MORETaxpayers To Fund Obama Campaign Swing
Prudent political spending in tough economic times. President Barack Obama’s upcoming bus tour through the Midwest states typically viewed as swing states during presidential election years will be paid for by the taxpayers, the White House says. Obama will start the tour on Aug. 15 and will talk about strengthening jobs and the economy, the White House announced on ... MOREArt Bailly: How Much Tyranny Will Americans Accept?
An American's right to travel vs the TSA. The Transportation Security Administration needs reform. For those unfamiliar with their track record, here are some of the more recent controversial things the TSA has done: A 95 year old woman was supposedly required to remove her adult diaper before being cleared for flying in June; In May, an 8 month old child was ... MOREObama Administration's New Job-Killing Regulations
Hundreds more in July alone. It's hard to take President Obama seriously when he talks about job growth being a "top priority." Soon, Obama will embark on yet another "jobs tour" where he will talk a lot about the need for job creation, but back in Washington his bureaucrats will be drafting more job killing regulations. During a Senate GOP caucus lunch this week, a report was ... MOREVIDEO: Cop Overrules Freedom Of The Press
A 30 year cop makes up the law as he goes to insulate police from media scrutiny.
Aaron Klein: Some Can Appreciate The President's Efforts
Obama gets thumbs up from the Communist Party. It may be early in the campaign season, but the Communist Party USA already has seen fit to endorse Barack Obama for the 2012 election. While noting he is disappointed with "some aspects" of the Obama administration's domestic and foreign policy, Sam Webb, chairman of the Communist Party USA, threw his support ... MOREWendy McElroy: Security Theater Adds A New Act
Coming soon: The Interview. “Where are you going? What is the purpose of your trip? Where will you be staying? Who will you see there? How do you know them?” Anyone familiar with international travel will recognize such questions as a particularly unpleasant aspect of being “processed” by U.S. Immigration and Customs Enforcement (ICE). Soon Americans ... MOREG. Murphy Donovan: The American Animal Farm
Political ideology that would make Orwell cringe. George Orwell wrote his famous Animal Farm allegory about the corrupting potential of socialism in 1943. The novel was not published for two years because the liberal Bloomsbury establishment did not want to offend the new Labour Party majority in London or Stalinist allies in Moscow. After WWII, Orwell ... MOREShikha Dalmia: Expanding the State By Executive Order
Obama's top four power grabs. Candidates never keep their promises once in office. But even by the unlovely standards of his political peers, President Obama has pulled a rather impressive switcheroo from the anti-Bush to Bush-plus. He ran on a platform to undo President George W. Bush’s legacy and restore government accountability, even signing the pledge from the ... MOREWalter E Williams: Cruel Laws
With friends like government, who needs enemies? What does it take to be able to own and operate a taxi and earn $30,000, $40,000 or more a year? You need to purchase a used car and liability insurance. Compared with other businesses, the startup cost to become a taxi owner/operator is modest; that's until you have to come up with money for a license. In May 2010 ... MOREIain Murray: Time To Promote Economic Climate Change
Steve Wynn is right! Among the long string of bad economic news from the last few years, there is something to celebrate: The political consensus in Washington that government could keep on growing at no cost to the growing economy has finally broken down. The size and scope of government is now the defining issue of our time. It is a welcome debate. However, it has ... MOREMark Steyn: 'Life On This Planet' Is About To Change
More change than hope ahead. That thoughtful observer of the passing parade, Nancy Pelosi, weighed in on the "debt ceiling" negotiations the other day: "What we're trying to do is save the world from the Republican budget. We're trying to save life on this planet as we know it today." It's always good to have things explained in terms we simpletons can understand. ... MORE
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