Bankruptcy

THE GOP PATH TO PROSPERITY

APRIL 5, 2011 The GOP Path to Prosperity Our budget cuts $6.2 trillion in spending from the president’s budget over the next 10 years and puts the nation on track to pay off our national debt. By PAUL D. RYAN Congress is currently embroiled in a funding fight over how much to spend on less […]

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HIGH TAXES HAVE CONSEQUENCES

DAILY CALLER By Rep. Peter Roskam 03/30/2011 Note: Caterpillar CEO Doug Oberhelman will testify before the Ways & Means Trade Subcommittee today (March 30) Illinois and other states have recently made headlines for their declining populations. Whether they realize it or not, what states like Illinois are learning the hard way is that over-taxing and

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MARCO RUBIO – WHY I WON’T VOTE TO RAISE THE DEBT LIMIT

MARCH 30, 2011 Everyone in Washington knows how to cut spending. The time to start is now. By MARCO RUBIO Americans have built the single greatest nation in all of human history. But America’s exceptionalism was not preordained. Every generation has had to confront and solve serious challenges and, because they did, each has left

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A REQUIEM FOR DETROIT

MARCH 29, 2011 A once-great American city today repels people of talent and ambition. By WILLIAM MCGURN If only Detroit could point to some natural disaster for its misfortunes. Within hours of the earthquake that devastated northeastern Japan, for example, President Obama called the prime minister to offer “whatever assistance is needed.” Likewise, when Hurricane

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DETROIT’S DECLINE AND THE FOLLY OF LIGHT RAIL

MARCH 25, 2011 The country needs to unleash entrepreneurs, who will only be held back by tax-funded make-work projects. By EDWARD GLAESER The Census just reported that Detroit’s population dropped by 25% between 2000 and 2010, a stunning fall that is even larger than the 20% drop Detroit experienced during the 1970s. The story of

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INSOLVENCY LOOMS AS STATES DRAIN U.S. DISABILITY FUND

MARCH 22, 2011 By DAMIAN PALETTA CAGUAS, Puerto Rico—This mountainside town is home to a picturesque cathedral, a tobacco museum and a Wal-Mart Supercenter. Another defining feature: Caguas’s 00725 zip code has more people who receive a disability check than any other in the U.S. Puerto Rico has emerged in recent years as one of

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FINANCIAL TERRORISM SUSPECTED IN 2008 ECONOMIC CRASH

WASHINGTON TIMES Pentagon study sees element By Bill Gertz– The Washington Times     February 28, 2011 Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system. The unclassified 2009

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MEGA-BANKS AND THE NEXT FINANCIAL CRISIS

MARCH 19, 2011 Hedge-fund manager Paul Singer recognized the risks of subprime mortgages and bet against them. Now he warns that monetary policy could cripple American banks again. By JAMES FREEMAN At the height of the housing bubble, hedge-fund manager Paul Singer was shorting subprime mortgages. By the spring of 2007, he was warning regulators

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