One in seven Americans now receive food stamps. As yet another indicator of the utter absurdity of Keynesian economics, Obama’s Secretary of Agriculture Tom Vilsack is claiming that food stamps (“Supplemental Nutrition Assistance Program”) “mean more jobs” and provide “the most direct economic stimulus”. In the process, he somehow fails to mention that food…
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President Barack Obama’s health care law that requires individual citizens to buy health insurance is unconstitutional. Although the court did not strike down the rest of the health care policy, the decision is a major blow to the Obama administration, which appealed a lower court ruling by U.S. District Judge Roger Vinson, who ruled…
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In his incisive new article in the Wall Street Journal, “Three Simple Ways Medicare Can Save Money,” John Goodman notes that: The most significant reason for our out-of-control deficit spending is health care. And the biggest federal health-care program is Medicare. That’s why almost everybody—on the right and the left— agrees that Medicare must…
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Here is a great new video from Gold Resource Corporation, “Gold: Independent Money,” on the governmental abandonment of gold-backed money and the resulting runaway spending, wars, and debt we face today.
In his article in the Summer 2011 issue of The Independent Review, “The Dilemma of Bailouts,” economist Roy C. Smith (New York University) examines why despite its prohibition of taxpayer-funded bailouts, the Dodd-Frank Act has left the financial system exposed to meltdowns and promotes the shifting of risk from large “systemically important” financial firms…
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With the official unemployment rate having now risen to 9.2%, Patrick Buchanan notes in his new column, “An Establishment in Panic,” that another 7% are underemployed and economic growth is a very weak 1.8%. Obama’s predictable answer is higher taxes and to raise the federal debt ceiling so that even more spending and debt…
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The Daily Mail in London reports that the “U.S. military spends a cool $20 billion on air conditioning annually in Iraq and Afghanistan”. The U.S. military forks out a whopping $20.2billion a year on keeping troops in Iraq and Afghanistan cool, it has emerged. The alarming figure is more than NASA’s entire annual budget…
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Here is an excellent new video on the relationship between economic freedom and economic and social well-being. The freer a country is, the higher the quality of life and more happiness, including less poverty, more prosperity, longer life spans, cleaner environment, less corruption, lower child mortality, more civil liberties, and less unemployment. Freer countries…
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In “CBO Releases Daunting Long-Term Outlook,” Tim Fernholz at the National Journal reports that: Increasing federal debt will be a growing burden on government action, crowding out lawmakers’ ability to adopt tax and spending priorities in good times and reducing flexibility during recessions, all while making a fiscal crisis more likely and hindering long-term…
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This video, “Brother, Can You Spare a Trillion? Government Gone Wild!”, has now had over 2.7 million views on YouTube. It summarizes the gigantic threat that U.S. government debt poses for America, with annual interest payments alone this year totaling more that all federal spending for the combined costs of the departments of Commerce,…
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