On Saturday, process won out over substance in the reaction to the agreement by leaders of the eurozone on measures to combat the European debt crisis. Since there was so much advance speculation that no agreement could be reached, the very fact that the leaders reached an agreement touched off a wave of financial optimism. […]
Media attention has concentrated recently on the Middle East “democracy” protests and what appears to be degenerating into a civil war in Libya. This focus tended to shift attention from crises that were raging prior to the Middle East turmoil. One such example is European debt crisis. As we approach the European Council Summit towards […]
“Will the unions help keep poor teachers from returning to the classroom?” asked Saturday’s Washington Post, reminding us that union intransigience stretches from Madison,WI to Washington, D.C. An independent arbitrator recently ruled that D.C. Public Schools will be required to hire back 75 teachers fired during Michelle Rhee’s tenure. On top of this, D.C. will […]
During World War II Britain needed to keep morale on the home front intact. One way of doing so was to publish plans for postwar Britain. This was the background to the famous Beveridge Report produced by senior civil servant William Beveridge. The report presaged the future British welfare state, but its centerpiece was the […]
A high-ranking aide to Minority Leader Nancy Pelosi (D-Calif.) told Democratic chiefs of staff that a government shutdown is more likely than not, according to attendees. Speaking at a regular meeting of the top aides to House Democrats, Pelosi’s floor director, Jerry Hartz, offered up, unprompted, his assessment that the odds favor inaction before the […]
STANFORD– The last three weeks I have traveled about, taking the pulse of the more forgotten areas of central California. I wanted to witness, even if superficially, what is happening to a state that has the highest sales and income taxes, the most lavish entitlements, the near-worst public schools (based on federal test scores), and […]
This is only President Barack Obama’s second State of the Union, but his failed economic agenda has already forced him into early reruns. After more than $800 billion in Keynesian economic stimulus spending, our nation is still mired in a post World War II record 20th consecutive month of near double digit unemployment. Our national […]
This section is commonly referred to as the Appropriations Clause stipulates that “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time,” and effectively grants the legislative […]
The following are 22 facts about California that make you wonder why anyone would still want to live in that hellhole of a state…. #1 The California state government is facing a potential state budget deficit of 19 billion dollars this year, and California debt is rapidly approaching junk status. One way or another the […]
On March 16, 2006, when our national debt stood at $8.27 trillion, a young Senator from Illinois announced his intention to vote against raising our nation’s debt ceiling to $9 trillion, explaining: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. Leadership means that “the […]
