As Republicans will vote to repeal ObamaCare in the House of Representatives this week, Democrats are condemning the measure as fiscally irresponsible. Repealing their health care reform bill, liberals say, would add some $230 billion to the federal deficit over the next decade. The numbers come from the Congressional Budget Office and while some Republicans dispute them, I don’t really care. For a decent and | Read More »
After billions in stimulus spending and bailing out banks and automakers, America’s public finances are in dire straits. Last year, the federal deficit reached almost $1.5 trillion while the debt has grown to $14 trillion, equaling the total annual economic output of the United States. Americans may need to brace for austerity but plans to rein in spending are few and controversial. Republicans have pledged | Read More »
The governing coalitions in Germany and the United Kingdom are under pressure as their junior partners have failed to deliver on key election promises. Both liberal parties are currently trailing in the polls as voters flee the center. Chancellor Angela Merkel’s own christian democrats lost seats in the upper house of parliament last May in the wake of the Greek bailout effort. German voters have | Read More »
Well, not a bit of snow actually. Some tens of thousands of travelers were stranded at the London airports because of the poor weather conditions there. No wonder that Britain’s leftist newspaper The Guardian favors renationalization then. According to The Guardian‘s Neil Clark even before last weeks terrible delays, Britain’s privatized airports, “with their shortage of public seating, their lack of reasonably priced food and | Read More »
“As there is no real problem with the Internet, it’s not surprising that some of our top minds have been working diligently on a solution.” David Harsanyi wrote that at Reason this May and argued against the proposition of mandating “neutrality” on the Web in the same article. The problem, according to proponents of “net neutrality”, is that large companies, Google and Microsoft for instance, | Read More »
Riding on a powerful wave of resentment with the Obama Administration’s interventionist policies, the Republicans performed exceptionally well in last month’s midterm elections. They picked up scores of House and Senate seats, several governorships and many state legislatures turned red. After two years of obstructionism, the left, including the White House, has urged the opposition to become a more “responsible” stakeholder. As they will have | Read More »
From the diaries by Leon. Although in America we would not want to identify with many of the “right” leaning movements identified in this piece, there is no doubt political winds are shifting in Europe. Old school socialists may allege that the credit crunch once and for all proved that free market capitalism and globalization had failed yet across Europe, a new generation of liberal | Read More »
After billions in stimulus spending and bailing out banks and automakers, America’s public finances are in a dismal state. This year, the federal deficit alone is set to near $1.5 trillion while the national debt reach a staggering $13.7 trillion last month. Americans may need to brace for austerity but plans to rein in spending are few and controversial. Ahead of November’s midterm elections for | Read More »
Elizabeth MacDonald reporting for the Fox Business Channel: The list of companies, insurers and unions winning exemptions from the new health reform legislation has grown to 222, doubling since early November and up from just 30 in the month of October. Companies and unions that provide health coverage for more than 1.5 million people now don’t have to abide by health reform changes for one | Read More »
Theodore Dalrymple is skeptical of WikiLeaks‘ release of confidential American embassy cables. He warns that the whistleblowers are unwittingly doing the work of totalitarianism. The idea behind WikiLeaks is that life should be an open book, that everything that is said and done should be immediately revealed to everybody, that there should be no secret agreements, deeds, or conversations. In the fanatically puritanical view of | Read More »
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