I may have to rethink my pessimistic assessment of David Cameron. As I’ve noted before, he strikes me as a George-Bush-style big-government faux conservative. But according to this Washington Post article, the coalition government in the UK may impose some real budget cuts (as opposed to phony Washington-type cuts that are just reductions in planned […]
read more...If you have municipal bonds issued by the city of Los Angeles, you may want to dump them while there’s still time. The LA Times reports that one-third of the city’s budget in 2015 will get consumed by pensions and benefits for retired bureaucrats. The cost of retirement benefits for Los Angeles city employees will […]
read more...I seem to have touched a raw nerve with my post earlier today comparing Reagan and Obama on how well the economy performed coming out of recession. Both Ezra Klein and Paul Krugman have denounced my analysis (actually, they denounced me approving of Richard Rahn’s analysis, but that’s a trivial detail). Krugman responded by asserting that […]
read more...I believe in freedom and my opinions are never swayed by polling data and election results, but I’m not oblivious to the importance of public opinion. So I’m delighted that the voters of Missouri overwhelmingly approved a measure against a federal mandate to purchase health insurance. Here are the cheerful details. Missouri voters on Tuesday […]
read more...Both Ronald Reagan and Barack Obama entered office during periods of economic misery. But they adopted dramatically different solutions. Reagan reduced the burden of government and Obama increased the burden of government. So which approach worked best? In his Washington Times column, Richard Rahn compares the economy’s “recovery” performance under both Presidents. As you can […]
read more...Michelle Obama has a column in the Washington Post about the supposed wonders of giving schools a bigger role in the feeding of children. My first reaction is to roll my eyes. I understand that every First Lady picks a pet cause. I just wish they found causes that didn’t involve bigger government. My second […]
read more...David Ignatius has a thoroughly boring and utterly predictable establishment left-wing column in the Washington post, but it is a perfect illustration of my maxim that “Bad government policy begets bad government policy.” In this case, Ignatius wants to expand gun control in the United States in response to the foolhardy drug war in Mexico. Neither […]
read more...Somebody sent me this story from the Drudge Report and can’t resist the temptation to share. What really astounds me is not that a Swedish man sewed up his own leg after waiting for a long time in a hospital. Heck, I wouldn’t be surprised if things like that happened in all nations. The really disturbing […]
read more...While the cartoon is amusing, I’m sure I don’t need to remind this audience that this isn’t really a joke. The IRS now has immense additional powers to micro-manage our lives.
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