Thomas Sowell: The 'Ponzi' Sound Bite

Band-Aids don't cure cancer. Many in the media and in politics have gone ballistic over the fact that Texas Governor Rick Perry called Social Security "a Ponzi scheme." Although many act shocked, shocked, as if Rick Perry had said something unthinkable, Governor Perry is not even among the first thousand people to call Social Security a Ponzi scheme. Not only conservatives ... MORE

VIDEO: The Audacity Of Liberty In NY

Ralph R. Reiland: Toll Roads To Obamaville

Your cost: about $3 million per jobless mile. "Pass this bill now," President Obama is repeatedly demanding, regarding his new American Jobs Act. There's nothing new in the legislation, just more government spending, more transfers of money from "the rich" to Obama's political allies, more spending for infrastructure enhancement so we all won't allegedly be ... MORE

Jacob Sullum: Unbanned in Phoenix

States don't have to fight war on drugs. On May 27 Arizona Gov. Jan Brewer asked a federal judge to decide whether her state’s Medical Marijuana Act, narrowly approved by voters last November, “complies with federal law” or is “preempted in whole or in part because of an irreconcilable conflict with federal law.” Oddly, Brewer expressed no preference between those ... MORE

Robert J. Mack: Watergate Times Three

White House corruption surfaces. You think Richard Nixon's presidency was the worst scandal ever? Well, so far anyway. It all started with a tape holding a door open at the Watergate complex in Washington, D. C., discovered by a security guard 39 years ago on June 17, 1972. That discovery started a sinister chapter in America's history, fueled by the fervent investigative work of ... MORE

VIDEO: Andrew Napolitano - Wealth, Taxes & Ponzi

James E. Miller: TSA And Unproductive Labor

TSA is essentially a government make-work program. Last month, I attended the 19th annual State Policy Network conference in Seattle, Washington. Although the conference was informative and enjoyable, I took home a different lesson on free-market enterprise. This was my first trip on an airplane since President Obama upped the intensity of the screening process the ... MORE

California's Effort To Shackle The 2nd Amendment

Gun control bill seeks to ban open carry. On Gov. Jerry Brown's desk is a bid to bar Californians from openly carrying firearms, legislation that could open a new front in the state's decades-old gun control debate. The measure, aimed at an increasingly popular tactic used by 2nd Amendment activists, would make California the first state since 1987 to outlaw the ... MORE

W. James Antle, III: Cafeteria Constitutionalists

Some thoughts for Constitution Day. Last week, in my inbox appeared an invitation to an event sponsored by a major Beltway liberal organization. They were putting on a talk about the dangers of the Tea Party subtitled "The conservative effort to make everything unconstitutional." In selling the shindig, my would-be hosts trotted out all the golden oldies made famous in ... MORE

VIDEO: Peter Schiff On The Future Of The U.S. Economy

John Stosell: Ponzi! Ponzi! Ponzi!


A vote buying scam or a retirement plan? Ponzi! Ponzi! Ponzi! There, I said it. To the extent people believe there are trust funds with their names on them, Social Security is absolutely a Ponzi scheme. So is Medicare. People need to hear it. Many people think that when the government takes payroll tax from their paychecks, it goes to something like a savings ... MORE

Thomas Lifson: Crony Capitalism At LightSquared

Worse than Solyndra. Add the name LightSquared to your crony capitalism watch list. The story emerging has elements even worse than the squandering of half a billion dollars on an Obama bundler's venture. Brendan Sasso of The Hill reports: LightSquared plans to provide high-speed wholesale wireless service nationwide through a network of satellites and land-based cell towers ... MORE

Wendy McElroy: To Serve And Protect -- The State

Protect yourself, because the police are paid not to care.  Last month, an international rights tribunal slapped America across the face through a showcase ruling that has no legal force. The Inter-American Commission on Human Rights found that Jessica Lenahan could sue the Castle Rock, Colorado, police department for its refusal in 1999 to enforce a restraining order ... MORE