The downgrade that began the crisis. Treasury Secretary Timothy Geithner dinged Standard & Poor's for "terrible judgment" in downgrading the federal government's credit rating. Less genteel liberals offered less flattering assesments. "[I]t's hard to think of anyone less qualified to pass judgment on America than the rating agencies," opined Paul Krugman. "The people ... MOREW. James Antle, III: Downgrading The Constitution
The downgrade that began the crisis. Treasury Secretary Timothy Geithner dinged Standard & Poor's for "terrible judgment" in downgrading the federal government's credit rating. Less genteel liberals offered less flattering assesments. "[I]t's hard to think of anyone less qualified to pass judgment on America than the rating agencies," opined Paul Krugman. "The people ... MOREPeter Ferrara: Obama Downgraded, Tea Party Vindicated
Only the national debt was stimulated. President Obama achieved the historic downgrading of America's credit rating the old-fashioned way. He earned it. He came into office with federal spending already near an historic peak, with a percent of GDP at 20.7 percent and having increased by one-seventh during the Bush years. One year earlier Bush had joined with then House Speaker ... MORERyan Young & Jacqueline Otto: The Big Repeal
In 1787, there were four federal crimes. Now there are over 4,000. The Code of Federal Regulations runs over 157,000 pages. America is overlawyered and overregulated, and the economy is suffering for it. Congressmen from both parties recognize this. But reform eludes them. It isn't necessarily their fault. Congress's institutional structure is geared ... MOREC. J. Ciaramella: Citizens Under The Microscope
TSA rolling out new "behavior detection officers." Passengers flying through Boston’s Logan International Airport will notice the security screeners are chattier than usual, but it’s not an improved customer service policy. On Tuesday the Transportation Security Administration began a test-run at Logan of its SPOT program, which stands for Screening of Passengers by Observation ... MOREWarren Meyer: Why So Many Licenses?
2011 Milton Friedman Legacy for Freedom Essay. Milton Friedman was always a more-than-able educator about the dangers and internal contradictions of socialism. But he also recognized another danger to capitalism and freedom, from the most -- rather than least -- successful corners of the economy. He said: "With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to ... MORE THE DAILY CALLER: The Great $50 Billion Flub
Obamacare cost estimates hide up to $50 billion per year. Federal payments required by President Barack Obama’s health care law are being understated by as much as $50 billion per year because official budget forecasts ignore the cost of insuring many employees’ spouses and children, according to a new analysis. The result could cost the U.S. Treasury hundreds of ... MOREWalter E Williams: Ignorance, Stupidity or Connivance?
The high cost of fueling envy and resentment. President Barack Obama has called for a luxury tax on corporate jets as a means to generate revenue to fight federal deficits. The president's economic advisers ought to be fired for not telling him that doing so is unwise and counterproductive. They might have already told him so, only to have the president say, "Look, I know you're ... 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.
Subscribe to:
Posts (Atom)