By Michael Green and Daniel Twining Secretary of State Hillary Clinton is in India for a strategic dialogue that will focus on how China’s ascendance is transforming Asia. At her next stop, Indonesia, she is to hold trilateral consultations — U.S.-Japan-Korea and U.S.-Japan-Australia — on the margins of a broader regional forum. The Obama administration […]
GOP Congressman To Matthews: Obama “Doesn’t Send A Thrill Up My Leg, Chris!” Republican Congressman Joe Walsh didn’t put up with Chris Matthews’ “bullying” on Tuesday, mocking the liberal MSNBC anchor for his effusive praise of Barack Obama. Over the host’s frequent interruptions, the Illinois Representative taunted, “Hey, Chris, your President, who sends a tingle […]
Falling mail volume and soaring red ink may soon doom Saturday mail delivery and prompt three-day-a-week delivery within 15 years, Postmaster General Patrick Donahoe warns. Donahoe’s forecast is based on a projected $8.3 billion loss this year as the drift from paper to electronic communication hammers the Postal Service. “On Sept. 30,” he told the […]
“When a country is indebted to the degree that we’re indebted, the country always defaults. We will default because the debt is unsustainable,” Rep. Ron Paul (R-TX) said on the House floor yesterday. “If we don’t understand this, this default will not be because we don’t send out the checks. We will send out the […]
Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns. Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its fiscal war. The president […]
The US is indebted mainly to …well.. Americans. Still, foreigners hold about 47 percent of the national debt, with China and Japan owning the biggest chunks, but not the majority. The U.S. owes somebody a whole pile of money. You knew that, right? Years of deficit spending have run up the national debt to a […]
A group of U.S. Senators called the Gang of Six has cobbled together the third Senate-originated half-baked idea this week that would lead to hiking the debt limit. All three Senate approaches — the McConnell Plan, the McConnell-Reid “Just Borrow More” Plan, and now the Gang of Six “Maybe Later in the Year” Plan — […]
As America’s poorest wait for Social Security checks that may never come on Aug. 3, President Barack Obama will be out celebrating a milestone birthday at a party where tickets cost up to $35,800 each. Obama has chosen the first day of the potential default to throw his 50th birthday bash, combining it with raising […]
Milton Friedman once said that “there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.” For most people in the world, this is a convincing argument. Not, however, for the Peronists who […]
After working hard to compile a list of Obama’s rather questionable record of fiscal promises and actual executions, the gist of which is represented best by the violent clash between myth and realty in Christina Romer’s “The Job Impact of the American Recovery and Reinvestment Plan” whose epic failure is defined by one simple chart, […]
