Immediately prior to breaking for the August recess, Congress passed a bipartisan agreement to cut spending. Well, sort of. Leaders in both parties got together to do something evil and stupid; they agreed to the largest increase in the debt ceiling, without solving our debt problem. They cut discretionary spending by $6.67 billion for FY 2012, from $1.0497 trillion to $1.043 trillion. That’s a bit | Read More »
The Democrats think the American people are stupid. Throughout the debt ceiling imbroglio, Obama and every single elected Democrat have regurgitated their talking points about a balanced solution to the debt crisis. They have insulted the intelligence of every voter by intimating that the budget can be balanced by eliminating a few tax credits. No, they don’t want to talk about the tens of trillions | Read More »
“Sustainability” is something of a corporate fad. Shell Oil has a sustainability policy. So does ExxonMobil. Dow Chemical. Walmart. Mattel. Even Ben and Jerry’s has a sustainability policy. Even though “sustainability” may be interpreted differently in different companies, sustainability is something that corporate boards have come to expect of their managements. Is it too much to expect our government and the people who run it | Read More »
As a rule of thumb, any idea coming from a gang is not a good one. This holds true in the real world; it is certainly true in the gangster world of the U.S. Senate. Members of the media are agog with glee over the supposed Gang of Six deal to cut the deficit by $3.7 trillion over 10 years. There is much hype over | Read More »
The Social Security Ponzi scheme is perhaps the most consequential government infringement upon our lives. Conservatives are justifiably outraged that Obama egregiously mandated that we purchase health insurance. However, the individual mandate is not nearly as meddlesome and tyrannical as the government’s complete control over our retirement security. The only reason why these two programs are regarded differently by the public, is because Social Security | Read More »
The Spectator’s Phil Klein alerts us to the release of the Annual Report of the Social Security and Medicare Boards of Trustees. The Trustees have found that due to the recession, benefits paid out are overtaking revenues brought in even faster than projected. The trust funds for these programs will be bankrupt sooner than expected but more importantly, the programs will become a serious drain | Read More »
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