AUGUST 22, 2010 $4.4 Trillion That’s how much the spending baseline has increased in 31 months. Speaking last Wednesday in Columbus, Ohio, President Obama asked, “How do we, over the long term, get control of our deficit?” Good question. Here’s the answer suggested by last Thursday’s semi-annual budget summary from the Congressional Budget Office: Stop […]
THE $4.4 TRILLION SPENDING BOOM Read More »
AUGUST 22, 2010 Political Reversal Down Under Running an explicitly conservative campaign, Australia’s Tony Abbott has denied Labor a governing majority. By MARY KISSEL Sydney In December the smart set in the big cities here thought the Liberal Party—Australia’s traditionally conservative party—had jumped off a cliff by electing Tony Abbott opposition leader. The Liberals, opined
AUSTRALIAN ELECTION SURPRISE Read More »
Opinion: Washington’s Endangered Species Marty Robins Contributor AOL News (Aug. 23) — If Washington seems out of ideas on how to get the private-sector jobs machine running again, there’s a pretty straightforward reason — the people in government have virtually no experience in business. In a major departure from prior administrations, you’d be hard-pressed to
WASHINGTON HAS RUN OUT OF IDEAS Read More »
AUGUST 24, 2010 Virginia Is for Surpluses Erasing red ink without a tax increase. Here’s something you don’t see often these days: a government running a budget surplus. Governor Robert McDonnell announced last week that Virginia closed fiscal 2010 some $400 million in the black. That’s a radically improved financial picture from a year ago
VIRGINIA STOPS THE RED INK WITHOUT A TAX INCREASE Read More »
FoxNews.com – August 24, 2010 More Bad Economic News, Yet Here Comes ANOTHER Wall Street Bailout Existing home sales in July may have suffered a record drop but come September 7, President Obama will have Wall Street investment banks lining up for another huge bailout. Americans may be extremely upset about Wall Street bailouts, but
ANOTHER WALL STREET BAILOUT Read More »
EDITORIAL: Democratic decline Bush-league blame game can’t hide the truth By THE WASHINGTON TIMES– August 10, 2010 ASSOCIATED PRESS House Speaker Nancy Pelosi, outside the White House on Thursday, calls for BP to stop making dividend payments to shareholders until it addresses economic assistance claims from businesses that have been affected by the oil spill.
DEMOCRATS CAN’T BLAME BUSH ANY LONGER Read More »
AUGUST 21, 2010 The GOP and the Temptation of Hubris If Republicans take over the House, they’d best think carefully how they use their power. Ask Newt Gingrich. By JOHN J. PITNEY JR. Republicans could still blow it, but as they head toward a likely victory in the midterm election they should consider what it
THE PITFALLS OF ‘WINNING BIG’ IN NOVEMBER Read More »
RAHN: An inconvenient economic history Record shows recovery results from tax cuts, not government spending By Richard W. Rahn – The Washington Times August 9, 2010 Chart: Economic Policy and Outcomes Where is the historical evidence to show that big increases in government spending as a percentage of gross domestic product (GDP) lead to faster
U.S. ECONOMICS 101: AN INCONVENIENT HISTORY Read More »
AUGUST 21, 2010 Who’s ObamaCare’s Daddy? Now even liberals are denying paternity. “I know this is a tough vote,” President Obama told House Democrats at a March pep rally merely hours before they passed national health care. But he added that he was “actually confident” that “it will end up being the smart thing to
OBAMACARE – A HARD SELL FOR DEMOCRATS Read More »
AUGUST 21, 2010 Talking Green in Yellowstone Government-subsidized solar panels generate cheap electricity at a high cost. By ROGER MEINERS Ever-smiling Joe Biden recently popped into Bozeman, Mont., in his carbon-spewing Boeing 757. He came by to give a talk in Yellowstone Park about green jobs, stimulus money, and the “recovery summer.” Let’s look at
THE PROBLEM WITH STIMULUS MONEY Read More »
