Last week the Bureau of Labor Statistics released a report that said that the labor force participation rate (LFPR) dropped to 63.6%, the lowest rate since Jimmy Carter was in office. Essentially that means that of the population of 16 year and older, 37.4% of them decided not to work or not to seek work. That’s 88.8 million people! To put that in perspective, when | Read More »
America is now poised to enjoy the fruits of what has been a demand from the left for over a quarter century: Government mandated socialized medicine. There have always been three main arguments behind that drive: 1) Everyone has a right to free healthcare. 2) Fairness 3) We’re paying for it anyway. As usual, the liberals miss the mark on all three fronts. On the | Read More »
The United States was built on the backs of hard working people. From pilgrims who survived an ocean’s journey and founded a colony at Plymouth to slaves who endured the blistering sun as they harvested cotton to settlers who braved temperatures, terrain and Indians to fulfill a Manifest Destiny, the United States was the product of people who worked like their lives depended on it. | Read More »
Imagine what you could do with three quarters of a trillion dollars. You might buy a new house, maybe a new car and maybe even take a trip to Hawaii or Australia. Seriously, what can $750 billion accomplish? Well, that all depends on who’s spending the money. According to the Congressional Research Service the federal government spent $745 billion in 2011 on welfare payments. That | Read More »
As I think about the election in November, I can’t help but think about Matt Ridley and his outstanding book “The Rational Optimist – How Prosperity Evolves”. In it he chronicles the evolution of human society and demonstrates a perfect understanding of why nations fail: “Empires, indeed governments generally, tend to be good things at first and bad things the longer they last. First they | Read More »
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