Bankruptcy

VIDEO – WSB-TV NEWS – U.S. SENDING MONEY OVERSEAS TO REBUILD MOSQUES

While the U.S. is mired in a budget crisis, let us refresh our memories on one of the many ways we have spent our way into this crisis! i

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THE ROAD TO FISCAL RUIN – OUR ENTITLEMENT STATE

JULY 28, 2011 The Road to a Downgrade A short history of the entitlement state. EXCERPT FROM THIS ARTICLE: Many on the left still blame Ronald Reagan, but the debt increase in the 1980s financed a robust economic expansion and victory in the Cold War. Debt held by the public at the end of the

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WE NEED A NEW PRESIDENT

JULY 27, 2011 The Antidote for Socialism We’ll have to wait for 2012, because this administration won’t administer it. By PETE DU PONT Last year I wrote that the enactment of ObamaCare meant “the Europeanization of America is coming to pass, for individual choice and opportunity are being replaced by statism.” That law is transferring

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EUROPEAN COUNTRIES – TAX AND SPEND

Neil Reynolds With government spending, virtue hath its own rewards NEIL REYNOLDS | Columnist profile | E-mail From Monday’s Globe and Mail Published Monday, Jul. 25, 2011 2:00AM EDT In 1900, the governments of the world’s most advanced economies taxed and spent, on average, 10 per cent of respective GDP each year. By 2000, they

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TOYING WITH DEFAULT

JULY 25, 2011 The President isn’t serious about real spending cuts. EXCERPT FROM THIS ARTICLE: The President insists his party is offering serious spending cuts and entitlement reform. He also likes to talk about “balance,” which to him means real tax increases immediately and speculative spending cuts some time in the distant future. Behind the

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VIDEO – MSNBC CONTESSA BREWER QUESTIONS MO BROOKS RE HIS ECONOMICS DEGREE

MSNBC To GOP Congressman: “Do You Have A Degree In Economics?” MSNBC’s Contessa Brewer, you may remember just yesterday said the attack on Rupert Murdoch at a hearing encapsulated what the British were feeling. Today, Contessa “educated” a conservative Representative that without the bailout, the country would be in “a depression.” Rep. Mo Brooks (R-AL)

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THE STRESS EUROPE WON’T TEST

JULY 18, 2011 Regulators don’t want to reveal how vulnerable banks are to a sovereign default. Almost every bank in Europe passed the latest round of stress tests, according to results released Friday night by the European Banking Authority. A lot of good that news did. Stock prices came under pressure around the world on

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MINNESOTANS SHRUG OFF THE SHUTDOWN

JULY 16, 2011 The unavailability of beer, cigarettes and fishing licenses seemed to annoy them the most. By DAVID STROM Minneapolis What if they had a government shutdown and nobody cared? That about sums up what’s just happened in Minnesota. The fiscal year ended on June 30, and since then all but “essential” services of

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