Sovereign Debt:

Getting it Right on Fiscal Austerity

Getting it Right on Fiscal Austerity

The Economist argues for less religious fervor and more subtlety in managing national debt burdens.

What Does Fiscal Responsibility Mean?

What Does Fiscal Responsibility Mean?

Reprinted from Free Insights, August 29, 2012 – By: Steve Conover Posted on August 29, 2012 The American “Fiscal responsibility” is a catch-phrase that seemingly no politician can do without. The White House used “fiscal responsibility” to name a summit meeting, a bipartisan national commission, and one of their webpages. House Democrats named “fiscal responsibility” as a top priority; […]

A Greek Laments His Loss of Freedom

A Greek Laments His Loss of Freedom

Writing in the New York Times, Nikos Konstandaras recounts the many ways in which Greek politicians have brought on a crisis for freedom in the land where democracy was invented.

Government Growth Is Not the Answer to Europe’s Woes

Government Growth Is Not the Answer to Europe’s Woes

Former U.S. Ambassador to the United Nations, John Bolton, argues in The Guardian that the new “growth” agenda being pushed in Europe as an alternative to austerity will only lead to bigger problems down the road.  Here is an excerpt: “The answer to austerity, however, is not what its opponents like President Barack Obama and […]

A Head in the Sands Discussion of the EU Debt Crisis

A Head in the Sands Discussion of the EU Debt Crisis

Yesterday CBS’s 60 Minutes program included a segment titled “An Imperfect Union: Europe’s debt crisis”.  Correspondent Steve Kroft reported that “until recently, their monetary union had brought stability and prosperity to the continent’s social democracies, producing good wages, generous benefits, long vacations. . . .”  He went on to interview London financial analyst Louise Cooper […]

Obamanomics in Pictures

Obamanomics in Pictures

President Obama has been taking credit for what he describes as an economic revival.  Writing on the American Enterprise Institute’s EnterpriseBlog, James Pethokoukis, says, largely through 13 graphs, that the picture is not nearly as bright as the President claims.  Judge for yourself.  Below is just one of Pethokoukis’ graphs.  The red line represents actual […]

You Owe $44,215

You Owe $44,215

United States leads the way in per capita national debt. Source:  The Weekly Standard Blog

A Budget Worthy of Greece

A Budget Worthy of Greece

Originally published in The Daily Caller [here]  2/14/12   President Obama put forward his FY 2013 budget yesterday. Meanwhile, there was rioting in Greece. If you think these events are unrelated, there’s a bridge I’d like to sell you. If we continue down the path proposed by the president, we will soon find ourselves in […]

Class Warfare Doesn’t Do Much for the Public Welfare

Class Warfare Doesn’t Do Much for the Public Welfare

The Wall Street Journal — Political Diary carries this comment from Joseph Rago in regard to President Obama’s proposed Buffet rule.  Rago explains what will be accomplished, in terms of revenue generation and deficit reduction, by imposing a rule that every individual making more than $1 million annually pay a minimum30% tax.  It’s not a […]

If Only the Greeks Could Afford a Match

If Only the Greeks Could Afford a Match

The Huffington Post reports [here] that the Olympic torch will be lit in Athens this May by the suns rays.  The odds are very good that the sun will be shining, and presumably the message is that Greece is a great tourist destination for Northwesterners and others hungry for sunshine.  But one suspects that the […]

Voters Will Get What They Deserve, and It’s Pretty Scary

Voters Will Get What They Deserve, and It’s Pretty Scary

Having just elected Suzanne Bonamici to Congress in what can only be called a landslide, voters in Oregon’s CD#1 might be interested in taking a look at The EnterpriseBlog’s “5 scariest debt and unemployment charts from the new CBO report.”  The author,  James Pethokoukis, notes that CBO charts two different futures depending on whether or […]

Guide to American Debt Made Easy

Guide to American Debt Made Easy

Take a look at this satirical short film about the national debt and how it applies to just one family. Starring Brian Stepanek & Eddie Jemison.

He’s Making It Worse…

He’s Making It Worse…

FAST FACTS: THE OBAMA ECONOMIC RECORD – Remember when Ronald Reagan asked voters in 1980 if they were better off than they had been four years earlier?  Of course the answer was no, and Reagan defeated President Jimmy Carter in a landslide.  The Republican nominee for President in 2012 should ask people the same question.  […]

Why More Infrastructure Spending Is Unlikely to Create Jobs and Stimulate the Economy

Why More Infrastructure Spending Is Unlikely to Create Jobs and Stimulate the Economy

ORIGINALLY PUBLISHED IN HOOVER’S ADVANCING A FREE SOCIETY 09/10/11 New York Times columnist Paul Krugman insists that he did not say that the only problem with last month’s DC earthquake was that it was not big enough.  But he did say, ad naseum, that the American Recovery and Reinvestment Act (ARRA) of 2009, combined with subsequent […]

How the federal budget situation is like being on a cruise ship, every day, nonstop

How the federal budget situation is like being on a cruise ship, every day, nonstop

I just got back from a week on an Alaskan cruise, and it struck me that being on a cruise ship is sort of analogous to our federal budget situation. Imagine that the federal debt is like weight; if you’re within your ideal weight range (i.e., BMI between 18.5 and 24.9), it’s equivalent to having no […]

The President’s Stale Sermons – By Victor Davis Hanson

Historian Victor Davis Hanson argues in  his most recent column that “…(n)either the example of the socialist European Union nor that of big-spending blue-state America suggests that massive government spending and entitlements lead to collective prosperity.”  And sums up with a thought for our President.  “…Obama could end the current psychological depression and acrimony by […]

WHAT’S AT STAKE IN THE OBAMACARE CASES

WHAT’S AT STAKE IN THE OBAMACARE CASES

ORIGINALLY PUBLISHED IN THE DAILYCALLER 8/13/11 – On Friday, the 11th Circuit Court of Appeals upheld a lower court ruling that the so-called individual mandate provision of the Patient Protection and Affordable Care Act (Obamacare) is unconstitutional. At the end of June, the 6th Circuit upheld the same provision as a constitutional exercise of Congress’s […]

OUR POLICIES, NOT THE TEA PARTY, ARE HOLDING AMERICA HOSTAGE

OUR POLICIES, NOT THE TEA PARTY, ARE HOLDING AMERICA HOSTAGE

Anyone who doubts the essentially political nature of Standard & Poor’s decision last Friday, August 5, to downgrade the U.S. credit rating obviously hasn’t read the rating agency’s own explanation for what they did. “We lowered our long-term rating on the U.S.,” S & P explained, “because we believe that the prolonged controversy over raising […]

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