The New Testament book of Matthew contains a well-known allegorical tale known as the “Parable of the Ten Talents.” In this story, Jesus told of a man who entrusted his property to three servants while he was away. One servant was given five silver talents; another two; and a third one. The first two servants put that which their master had given them to good | Read More »
Yesterday, Federal Reserve Chairman Ben Bernanke gave his semi-annual report on monetary policy and the economy to the Senate Banking Committee. With the hot Beltway topic being the health care overhaul President Obama is so desperate to get passed and signed before more people find out what the effects of such a policy will really be, a few Senators had questions for the Chairman about | Read More »
It’s no secret to anybody who’s been paying attention to budget numbers that the United States, with a current GDP of just under $14 trillion, is $52 trillion in the hole in one specific area: Medicare and Social Security payments owed to those who have already prequalified by paying into the system. “Think about that: Unless you accept government-run health care, you have to forfeit | Read More »
Gov. Mark Sanford (R-SC) sent a letter to the South Carolina General Assembly today in which he outlined his intent to request a waiver from the Obama administration that would allow him to use the $700,000,000.00 in Porkulus cash due his state “to pay down South Carolina’s sizable debt and contingent liabilities,” rather than to fund new pork-barrel, make-work projects. Sanford has said he will | Read More »
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