Fifty years ago U.S. President Lyndon Baines Johnson, also known as LBJ, famously declared a “War on Poverty.” According to Sasha Abramsky, author of The American Way of Poverty, LBJ’s war was a failure. The author wants current U.S. president Barack Obama to launch the “War on Poverty Mark II,” but will that new…
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University of Georgia professor Jeffrey Dorfmann writes in Forbes: The federal budget deficit for fiscal year 2013 which ended on September 30 was the smallest since before the recent recession. At $680 billion it has dropped 50 percent from the peak during the recession. Before anyone gets too excited, remember that $680 billion is…
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In 1998, Michael Mann published his infamous “hockey stick chart“, which showed that after centuries of holding relatively level, world temperatures began skyrocketing out of control in very recent decades – in a pattern that looks much like a hockey stick. The chart quickly became an icon among political activists seeking to solely blame…
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By the narrowest margin ever the Senate has confirmed Janet Yellen to head the Federal Reserve. She will be the first female Fed boss, but that’s not the news. As the New York Times put it, Yellen is “an influential proponent of the Fed’s extraordinary measures to revive the economy.” She told the Times…
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Obamacare does not fall short in ways to abuse Americans. It inflicts on them a grotesque federal plan based on paternalism and lies. Obamacare takes away from millions of Americans the health plans they chose, liked and wanted to keep. Obamacare subjects Americans to a dysfunctional and insecure website, built by crony incompetent contractors…
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One of the biggest unacknowledged psychological problems that many bureaucrats and politicians have goes by the initials BSOS, which stands for “Bright Shiny Object Syndrome”. This is the unfortunate condition that develops whenever a politician, attracted by the marketing behind the technological fads of the day, or perhaps just the campaign contributions being offered…
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While monitoring federal debacles such as Obamacare and the stimulus package, taxpayers should not lose sight of local governments such as Los Angeles County, whose population of nearly 10 million exceeds that of many states, with a bureaucracy to match. Los Angeles County once maintained something called the Office of Public Safety, a police…
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In 2009, Social Security began running in the red, as the amount of money the agency pays out in benefits each year began regularly exceeding the amount of money it takes in through taxes. Fortunately for those Americans who rely on income from Social Security, there was no cut in the amount of their…
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