Spending

INTERVIEW WITH DICK ARMEY, REVOLUTIONARY DO-OVER

NOVEMBER 20, 2010 Revolutionary Do-Over By JOHN FUND An old Washington story goes that when Martians land near the White House, everyone inside the Beltway flees in terror. Everyone, that is, except for the folks at the favor-factories known as Congress’s Appropriations Committees, who rush to greet the spaceship and say, “We’re here to help

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THIS LAME DUCK SESSION OF CONGRESS SHOULD BE THE LAST

NOVEMBER 18, 2010 In 1933, Americans ratified the 20th Amendment to eliminate lame duck Congresses. For two decades Washington has been ignoring its intent. By BETSY MCCAUGHEY Americans ought to make this lame duck session of Congress the last in history. Members who lose re-election have no moral authority to continue governing: They were fired

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CITIES FACE A DEEPENING FISCAL CRISIS

November 17, 2010 Cities Face a Deepening Fiscal Crisis By Steven Malanga The steep fiscal crisis that many states face includes staggering retirement costs for their workers, estimated at some $3 trillion in unfunded future promises. The size of those liabilities has already shaken up some municipal bond investors, and the inadequate, sometimes misleading way

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CALIFORNIA SUGGESTS SUICIDE; TEXAS ASKS: CAN I LEND YOU A KNIFE?

California Suggests Suicide; Texas Asks: Can I Lend You a Knife? Nov. 15 2010 – By JOEL KOTKIN Image via Wikipedia In the future, historians may likely mark the 2010 midterm elections as the end of the California era and the beginning of the Texas one. In one stunning stroke, amid a national conservative tide,

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IRELAND’S FINANCIAL HEALTH QUESTIONED

NOVEMBER 15, 2010 Irish Resist EU’s Push to Accept a Rescue By MARCUS WALKER,BRIAN BLACKSTONE And NEIL SHAH Europe’s debt crisis entered a critical new phase as Ireland resisted pressure from the European Central Bank and national governments to seek a bailout amid growing concern that the currency bloc could unravel. Ireland fiercely denied that

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$600 BILLION BOND PURCHASE CRITICIZED BY GOP ECONOMISTS

NOVEMBER 15, 2010 Fresh Attack on Fed Move GOP Economists, Lawmakers Call for Abandoning $600 Billion Bond Purchase By PETER WALLSTEN And SUDEEP REDDY WASHINGTON—The Federal Reserve’s latest attempt to boost the U.S. economy is coming under fire from Republican economists and politicians, threatening to yank the central bank deeper into partisan politics. A group

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EMBARRASSMENT IN SEOUL

NOVEMBER 13, 2010 The world won’t follow slow-growth, weak-dollar America. Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week’s G-20 meeting in Seoul? We can’t think of one. President Obama failed to achieve any of his main goals

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