A recent poll, conducted in early January, shows that the America people are catching on to the stimulus scam. Three-fourths of respondents believe that at least one-half of the money has been wasted. Here’s a brief excerpt from the CNN story, which includes a rather bizarre assertion that the stimulus represented a “cost to the […]
read more...The invaluable Tim Carney of the Washington Examiner is an expert at exposing the corruption of big government, and his article about for-profit colleges and government-subsidized tuition shows that everybody involved in this fight is sleazy. Unfortunately, no matter who wins, the taxpayers lose. It’s also worth pointing out that the main effect of government-financed […]
read more...George Bush ranks as one of America’s most fiscally irresponsible presidents. He increased overall spending from $1.8 trillion to $3.5 trillion and most of that new spending was used to create or expand domestic programs (no-bureaucrat-left-behind education spending, pork-filled highway bills, sleazy Wall Street bailouts, corrupt farm spending, new Medicare entitlements, etc) that are not […]
read more...The Washington establishment rallied behind Ben Bernanke, so the Fed Chairman was confirmed for another term. But this is precisely why he is the wrong man for the job. As the Wall Street Journal opines, Bernanke is guilty of two sins. His track record on monetary policy is weak, indicating an insufficient commitment to protecting […]
read more...When people ask me about global warming, or climate change, or whatever they’re calling it now, I freely admit that I’m not a climatologist and thus have no informed opinion on whether the planet is warming due to human activity (or whether this, on net, would be a bad thing). But I am somewhat familiar […]
read more...My favorite Heritage Foundation publication (other than the papers I wrote, of course) is the Index of Economic Freedom. The 2010 Index was just released and it is bad news for America. The United States moved significantly in the wrong direction, dropping 2.7 points (on a 0-to-100 scale), which was almost as bad as the reduction […]
read more...A Swiss court just threw a wrench in the gears of an IRS effort to impose bad US tax law on an extraterritorial basis, ruling that UBS does not have to hand over data to the American tax authorities. This ruling nullifies an agreement that the Swiss government was coerced into making with the US […]
read more...As reported by the Wall Street Journal, the Obama Administration will propose a three-year freeze for a portion of the budget known as “non-defense discretionary” spending. Many critics will correctly note that this is like going on a drunken binge in Vegas and then temporarily joining Alcoholics Anonymous. Others will point out that more than 80 […]
read more...New data from the Bureau of Labor Statistics shows that only 7.2 percent of private-sector workers belong to unions, which makes sense since unions behave in a myopic fashion and undermine competitiveness (and thus reduce jobs in the long run). On the other had, insulated from competition, 37.4 percent of bureaucrats are unionized. Moreover, because […]
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