Great nations do not suddenly lose reserve currency status or hyperinflate or collapse economically—not unless they lose a war or are destroyed by natural disasters. The archetypal decline and fall story is that of Rome.
The draft has come a long way since beginning in 1936, when teams selected players based on rumors and gut feelings. Now the business of drafting is big business, and the business of scouting and projecting what teams will pick which players is equally big.
If the government knows that there are no assets in the Social Security and Medicare “trust funds,” and yet projects the interest earned on those non-assets and the date on which those non-assets will be exhausted, then the government is lying.
Switzerland is moving in the right direction and the United States is going in the wrong direction. The obvious lesson (to normal people) is that America should copy the Swiss.
Take a good look at the last decade. The US only managed 1.7% growth in the biggest housing boom in history followed by the biggest multi-trillion dollar global stimulus effort in world history.
As I clicked through the search pages a pattern emerged: most of the articles are either about Detroit receiving federal funds or Detroit mismanaging federal funds. And Mayor Bing and Rep. Clarke think the rest of the country should give Detroit more money?
Obviously the Commerce Department doesn’t talk to the Bureau of Labor Statistics, the government brain trust responsible for the magical- and only mathematical- drop in unemployment over the last several months. And don’t worry: no humans were actually employed in the creation of the declining unemployment report.
Responding to a Hubbard op-ed in the Wall Street Journal -- which calculated that the president’s spending plans would require an 11 percent tax increase on people earning less than $200,000 a year -- Geithner said, “That’s a completely made-up, remarkably hackish observation for an economist.”
Birds of a feather flock together and so when we see Barack Obama stacking his cabinet with radicals, it tells us a lot about his mentality. Of course, the fact that his entire term in office has been nothing but a slow motion evisceration of the American dream should tell you a lot about how he thinks, too -- but a little more evidence is always welcome.
ATF is counting stolen guns, guns sold to foreign governments by Federal Firearms Licensees under the approval of the State Department and guns ATF and DOJ purposely sent into Mexico through Operation Fast and Furious as “guns being traced back to the U.S.”
With the Supreme Court taking up Arizona's "show me your papers" immigration law, we're once again thrust into a useful debate over the role of the government and the obligations of the citizen -- and non-citizen. Rather than come at it from the usual angle, I thought I'd try something different.
Every day, we get a new kick in the gut from the Obama administration. Most recently, Environmental Protection Agency Region 6 Administrator Al Armendariz was caught on video articulating his view of the agency's role in enforcing its regulations.
As the U.S. Supreme Court wrestles with the Obama administration's challenge of Arizona's crackdown on illegal immigration, the overall issue of immigration remains misunderstood by both political parties in Washington.
GEORGETOWN, S.C. -- Sixty-seven years ago this week, U.S. and Allied forces were racing across Germany and uncovering the deepest horrors of Adolf Hitler's Third Reich. Liberated death camps and extermination centers where millions perished were evidence of a brutal Holocaust perpetrated in the Fuhrer's "Final Solution."
The U.S. economy is crumbling. Businesses are collapsing in record numbers. The real unemployment rate approaches 15% (or higher).
On Thursday, the House of Representatives voted 248-168 to pass CISPA, the Cyber Intelligence Sharing and Protection Act.
Marco Rubio has thrown the GOP a lifeline; let's see whether his fellow party members are willing to grab it. The freshman U.S. senator from Florida has been a hard-line foe to illegal immigrants, both in his home state and since his election to Congress, but now he is considering drafting a new "DREAM Act," which would offer legal status to illegal immigrants who were brought to the United States as children.
To keep former Army 1st Lt. Michael Behenna behind bars until 2024 for the 'unpremeditated murder' of an insurgent during the war in Iraq, U.S. military prosecutors have resorted to strange and disturbing twists of law, logic and morality. They were all on display again this week in Behenna's final plea before the military's highest court of appeals in Washington, D.C. It was enough to make the gold eagle on top of the American flag in the courtroom shake and then hang its head.
The old man in a rumpled linen suit at the end of the bar stood out like a weed at a garden show. All around him the young couples and swinging singles, so impressionable and so eager to impress, went on laughing and talking about whatever they laugh and talk about.
WASHINGTON - Somewhere between the New Frontier and the Age of Obama, the Democrats turned fiercely anti-capitalism, anti-business, anti-wealth and anti-success.
I’ve been saying all along that a dip in manufacturing or exports would prompt the Fed to dump more cash into the economy to keep the employment numbers moving in the right direction. The rapid recovery in gold prices would seem to indicate at least a few people agree with that assessment.
During one of the dinners, we got into a fascinating conversation about the Buddhist concept of altruism (or at least one strain of that tradition) and Ayn Rand’s concept of selfishness, both as general ideas and as they relate to happiness.
The S&P 500 has fallen at least 1% on four occasions this month alone. It happened only once in March and not even once in February.
Efforts are currently underway in Spain to criminally prosecute Catholic Bishop Juan Antonio Reig Plà of the diocese of Alcalá de Henares. It seems he had the audacity to deliver a homily from the Bible during a Good Friday mass extolling the virtues of the sinless life.
Monday night, my husband came home around 8:30 and was surprised to find me painting my office. Early that morning, as I lay in bed, unable to sleep, I decided to paint my office. The deadline was driven by a Tuesday installation appointment for a TV. After all, why hang the TV on a wall with old paint, nail holes and patches of paint missing where the dry-erase squares had been removed?
The illegal immigration problem is going away.
When Texas Gov. Rick Perry, then in the early stages of his short-lived quest for the Republican presidential nomination, referred to Social Security as "a Ponzi scheme," he was excoriated by the press, left and right, and by his fellow Republicans, as well.
Chief economist Chad Stone of the so-far-left-wing-that-they-crawled-out-the-hallway-window think tank, the “non-partisan, wink, wink,” Center on Budget and Policy Priorities tells us there is a secret message hidden in the newest CBO report bashing Obama finances.
Washington -- When you have a young woman screaming in a hallway about some sort of grievance she has with you, you have a problem. Even a Secret Service agent, surrounded by his buddies, has a problem. I know about this sort of thing from my work in the archives pursuant to my researches as a presidential historian.
On Tuesday, EAGnews.org brought you footage of Black Star Project community organizer Phillip Jackson teaching students in Chicago Public Schools' Jones College Prep the finer points of non-violent protesting. He was positioning the students to achieve a particular result he was seeking.
Sarah Palin was the first to recognize the problem: By participating in President Obama's signature education initiative, the Common Core Standards, Alaska would lose control over its own curriculum.
Now that administration says that the War on Terror is over, DHS has moved on to a new mission – Environmental Justice – no kidding.
We may need a new term, perhaps “Holly-tarians,” for folks in the entertainment industry who have begun to realize the downside of excessive government.
In yesterday’s journal, Nobel Prize winning economist Pete Diamond wrote that higher taxes don’t slow growth. The really interesting part of this piece is he is the first Keynesian economist I have seen that validates the Laffer curve is real.
“Don’t confuse me with the facts. I’ve got a closed mind.” These words were famously uttered by Rep. Earl Landgrebe (R-IN), a Nixon partisan to the bitter end, at the Watergate hearings. They are all that remain of that legislator’s political legacy. And yet, they reveal a truth. Michael Kinsley defines a gaffe as when a politician tells the truth — some obvious truth he isn’t supposed to say.
The actual Republican Establishment –- political consultants, The Wall Street Journal, corporate America, former Bush advisers and television pundits -- are exhorting Mitt Romney to flip-flop on his very non-Establishment position on illegal immigration.
It read like a chapter out of the Protocols of the Elders of Zion, instead this time, the evil protagonists were not Jews (for the most part) but rather rightwing anti-gay zealots whose secret Facebook group was infiltrated by undercover moles who then spread the word to gay activists who then trumpeted the news across the airways and throughout cyberspace. In reality, the sensationalistic reports were totally false and what was true is hardly sensational.
The zombie narrative of a brokered convention is dead, and Politico is having to lay off the brokered convention team.
Who is Rashad Robinson? And why has his fringe, race-baiting organization been able to pressure several major corporations into abandoning a pro-limited-government legislative association -- all for a few cheap social-justice brownie points?
The Washington, D.C.-based Tax Foundation does a yeoman's job of keeping track of how much we're paying in taxes and who's paying what. It turns out that American taxpayers worked this year from Jan. 1 to April 17, 107 days, to earn enough money to pay their federal, state and local tax bills. That statistic requires some clarification, and I ask my readers to help me examine it.
Once upon a time, it meant something for a reporter to be called a "Pulitzer Prize-winning journalist." The prestige of this designation is quickly eroding. The 2012 Pulitzer Prizes looked less like an excellence-in-media competition and more like an exercise in leftist self-affirmation. No prize established this more strongly than the coveted National Reporting prize going to ... The Huffington Post.
The two candidates for president share more than their Harvard Law degrees and their fiercely competitive instincts: both Barack Obama and Mitt Romney convey an odd but undeniable sense of rootlessness, bearing connections to so many different corners of the country that they don’t seem to originate from any place in particular.
"Government," says Rep. Barney Frank, D-Mass., "is simply the name we give to the things we choose to do together." This, of course, is eminently untrue -- we do plenty of things together that don't involve the government, thank God. One can only imagine how dull and dreary our sex lives would be if they had to run through a DMV-style bureaucracy.
Does Comedy Central have a right to free speech? Some congressional Democrats believe no association of human beings formed in the manner Comedy Central has been formed ought to have freedom of speech. Accordingly, they have sponsored constitutional amendments to incorporate this principal into our basic law.
In the last two weeks, the lingering war between Sudan (northern Sudan, capital in Khartoum) and South Sudan (capital in Juba) has escalated dramatically. Fearing a wider regional war involving other east and central African nations (Egyptian military involvement is the nightmare scenario), international diplomats are pursuing a ceasefire agreement between Khartoum and Juba.
Yesterday, EAGnews.org reported on two events held during “Social Justice Week” at Chicago Public Schools’ Jones College Prep. One event featured a community organizer who taught students how to protest and engaged in inflammatory rhetoric against the National Rifle Association.
Young Americans received unwelcome news this week when an April 23 AP report found 53.6 percent of college graduates under the age of 25 are jobless or underemployed, and there is little hope for improvement in the near future. This news is grim for young Americans as well as an administration in reelection mode.
Barack Obama enjoyed the robust support of Planned Parenthood and the abortion lobby throughout his campaign for president. As president, he has demonstrated his gratitude for Big Abortion by the customary means of public largesse, mandating that all Americans pay for “free” abortion pills, sterilization, and contraceptives regardless of whether their consciences call it murder, and making lucrative “Plum Book” appointments for abortion industry leaders who can help him sell his campaign against human life.
It took some pressure, but Hilary Rosen finally apologized. The Democrat strategist displayed a tin ear to women’s concerns when she snidely remarked that Ann Romney—mother of five and wife of presidential contender Mitch Romney--had “never worked a day in her life.”
Critics of Florida's self-defense law object to its recognition of a right to "stand your ground" in public places, which eliminated the duty to retreat from an assailant. Yet many of these critics seem to believe they have a duty to stand their ground and never retreat, using George Zimmerman's shooting of Trayvon Martin as a weapon to attack Florida's law, no matter what the evidence shows.
When all government, in little as in great things, shall be drawn to Washington as the Center of all power, it will render powerless the checks provided of one government on another and will become as venal and oppressive as the government from which we separated. ~ Thomas Jefferson
Not every politician is blindly ideological like Obama. Vitor Gaspar, Portugal’s Finance Minister, is willing to admit error. Here are some relevant excerpts from a New York Times report.
Since credit dwarfs money supply, odds of significant inflation in the face of negative credit growth is not high. Those betting on high inflation or hyperinflation have simply been wrong, and will continue to be wrong until Bernanke reignites bank lending.
With Mitt Romney now the presumptive Republican nominee, the battle for the 2012 Presidency has begun in earnest. And, as is not uncommon, the outcome of this year's race is expected to hinge on that that slice of the electorate that doesn't pledge fealty to any political party, the so-called independent voters.
I took out a student loan myself. The only reason I did it was at the time I was able to borrow from the government at 3%, and reinvest it in short term rates at 19%. It was a no brainer. I doubled my money. The government eliminated that loophole in the 1980's. Smart move.
Periodically, breaks in existing trends occur and new trends begin, which we are able to identify using the kind of statistical analysis that has been successfully and widely applied in manufacturing or industrial applications for over 80 years.
LITTLE ROCK -- It's a beautiful sunset, as always, when seen from the Great Hall of the Clinton Library with a glass of wine in your hand and the chamber music about to begin. The anticipation is palpable. Good things are imminent. You can feel it.
Are the French getting their Tea Party on? That's what an outsider looking at the country's first-round presidential voting results might have been led to believe. But, as with many things French, the reality is très compliquée.
For decades, atheist groups have strategically involved themselves in questions of religious freedom, and they have done so chiefly by fighting to have all Christian symbols and texts removed from public view. But in recent years, as this fight has continued, it’s become evident that it’s not just symbols and texts they want removed from public view, rather, it’s Christians themselves.
After Richard Nixon lost the 1960 presidential election to John F. Kennedy and the California governor's race two years later (when he uttered the immortal line to the media, "You don't have Nixon to kick around anymore") the former vice president knew he must reinvent himself to run for president again in 1968.
While much of the political world obsesses over Twitter fights and Seamus the dog, Barack Obama has set himself up for a high-profile defeat on one of the most important issues of the campaign.
For many, the term "sheriff" conjures up images of the Old West. A few may consider a sheriff to have some form of outdated and obsolete political office. But for me and countless other patriots across our nation, a sheriff is the epitome of good and necessary county law enforcement.
Whether you've had some form of head trauma that has caused you to like Barack Obama or like all good hearted people, you can't stand him, his performance has objectively been terrible. Of course, we can debate WHY his performance has been so bad. His supporters would probably blame Bush, Republicans in Congress, ATM machines, fairy dust shortages and people forgetting to click their heels together three times before saying, "There's no place like home."
In my many years of serving on faculty hiring committees, I have often heard the statement “minorities and women are encouraged to apply.” It usually follows in close proximity to the statement “our institution does not discriminate on the basis of race.” The two statements cannot be reconciled by logic.
Mitt Romney's presidential run could turn out to be a test case to resolve the long-running debate inside the Republican Party as to whether the GOP presidential nominee should run as a conservative or more of a centrist.
It’s this kind of reporting by the MSM that has climate change skeptics like me increasingly convinced that much of the data is being intentionally manipulated by a media elite that can not tolerate debate, especially when they are really, really, really wrong.
In a better world, debates about science -- and nearly everything else -- would be conducted without resort to demagoguery, sentimentality, cynical manipulation, or hysteria. In the world we inhabit, those tactics are dismayingly routine. Still, the great weakness of overwrought predictions of doom is that they can be checked.
The national media is dominated at this moment by two gigantic scandals involving the U.S. government. One involves the GSA- General Services Administration- and their excessive spending on a conference in Las Vegas. The other involves the U.S. Secret Service and their excessive behavior on a Presidential trip to Columbia. Both scandals present valuable lessons about the way our government operates.
Increasing public disapproval of Barack Obama is based on more than his extravagant spending, which hangs debt like an albatross around the necks of our children and grandchildren. He is presiding over the most scandal-ridden administration in decades, from Colombia to Las Vegas to the Mexican border to Solyndra and more.
Jones College Prep – a Chicago Public Schools “selective enrollment” school – recently held “Social Justice Week” in March, a collection of events geared towards turning students into activists. See the schedule of events here.
Two years after the passage of the Affordable Care Act, it is now clear the law fails to control healthcare costs – the very reason advocates called for its passage. In fact, costs have accelerated faster under Obamacare than if Congress never took up health reform.
With the exception of a few top-notch thinkers such as Pierre Bessard and Allister Heath, there are very few people in Europe who can intelligently analyze public policy, particularly with regard to fiscal issues.
Barack Obama thinks that you’re stupid. And, if you’re one of the 45% of us who still support him after Solyndra, after Fast and Furious, after the GSA scandal, after the voter ID controversy, after the Buffett Rule, after the Secret Service Scandal, and so on, you might be.
Since hitting a peak of 1,416 back on March 26, the S&P 500 has slipped by about 4%, though many individual stocks are off 20% or more in recent weeks.
Already rejected by even his own elected Democrats, last week the non-partisan Congressional Budget Office piled on with their own criticism. The CBO says that economic plan outlined by the Obama Budget would "hurt the economy in the long term."
Have you ever asked yourself why, despite more than ten years of efforts –involving, among other things, the loss of thousands of lives in wars in Iraq and Afghanistan, well-over a trillion dollars spent, countless man-years wasted waiting in airport security lines and endless efforts to ensure that no offense is given to seemingly permanently aggrieved Muslim activists – are we no closer to victory in the so-called “war on terror” than we were on 9/11?
Left wingers need to preserve the talking point that the Right hates women. The Violence Against Women Act (WAWA), now pending reauthorization in the U.S. Senate, offers a great example of how liberals use political kabuki to keep the myth alive. The bill is fundamentally flawed and fully deserving of rejection.
According to two pieces I read over the weekend, the world is coming to an end but I am going to be out-of-town for it.I am at JFK awaiting a flight to Accra, Ghana to whence I will be traveling on behalf of the ONE Campaign. Ghana is introducing two new vaccines to its medical system and I'll be there to watch (and write about) the roll-out. However.
Let’s assume that you stridently oppose the reelection of President Obama but you are just not sold on Governor Romney, the presumptive Republican candidate. Do you vote for Romney, since “anyone is better than Obama,” or do you chart a very different course, even sacrificing this election for the long term sake of the country?
I don't know how many times I've seen liberal commentators look back with nostalgia to the days when a young man fresh out of high school or military service could get a well-paying job on an assembly line at a unionized auto factory that could carry him through to a comfortable retirement.
Spokespersons and pundits stick their foot in it all the time. But rarely do we see public relations heavy artillery brought out to do damage control to the extent provoked by Hilary Rosen’s recent remark that Ann Romney “never worked a day in her life.”
Secretary Hillary Clinton was at the Naval Academy recently. She went there to deliver a prestigious Forrestal Lecture. And she was well received by the 4,000 Midshipmen and hundreds of students attending the Naval Academy Foreign Affairs Conference.
Barack Obama recently campaigned in Ohio about the importance of his policies, “investing” in the future, investing in job training, health care and clean energy. With so much talk about investments, the president seems to want Americans to re-elect him for a second term because they believe that these are good investments and that he has invested the taxpayer’s money wisely.
With our Presidential candidates clear, there's no better issue to contrast our choice than energy policy. At MittRomney.com, Romney provides an energy plan for the future that balances economic growth and jobs, diversified energy development, and realistic environmental safeguards. His approach stresses a rational and streamlined approach to regulation, approval of the Keystone Pipeline, and opening America's vast energy resources for development.
If you’ve recently tried to refinance your home, you’re probably quite aware of the changes in the lending market from a few years back. Even though interest rates have been held artificially low by the Federal Reserve, obtaining financing can be worse than getting a tooth extracted – even if you have pristine credit. That same market exists for commercial loans, and that’s why I sat down with industry guru Steve Gold to discover what’s going on.
Washington’s dysfunction is usually on full display for all the world to see. Rarely, though, is the world privy to WHY Washington is so dysfunctional – at least not honestly. Last week, an inside-Washington publication held a well-attended event on transportation that inadvertently illustrated the dysfunction that defines our government.
Let Wyoming and the rest of the states with abandoned mines decide how to clean them up. Why must the fee (i.e., tax) money be laundered through Washington where it’s inevitably going to be manipulated by parochial-minded politicians?
What isn’t fair is how the article fails to disclose that Leavitt Partners has a direct financial interest in this issue: Leavitt is getting paid by states to help implement Exchanges.
Since becoming President and moving to Washington D.C. to live at taxpayer expense in the White House, Barack Obama has made no extra payments toward his mortgage. The amount of mortgage interest paid during these years as reported on his taxes is fully consistent with only making scheduled payments for the remaining principal on the mortgage.
Hatch said that he is headed to a primary because the influence of what he called outside groups who he characterized as “ultra-liars”.
On May 6 the Greek government is likely to collapse, and Nicolas Sarkozy will be ousted as president of France.
Leave it to the Baby Boomer leaders to try to foist their spending addiction on to the back of their children and grandchildren.
Thomas Friedman is a columnist for the New York Times, where he specialize in ponderous columns that reflect the views of the left-wing establishment. Today, he has a column complaining about gridlock in America.
The theater of the absurd that is our presidential election keeps chugging along with all the vigor our economy doesn’t. One can’t blame Democrats for attempting distraction upon distraction, given the alternative of talking about President Obama’s record.
If you’re looking for light summer beach reading then do not, I repeat … do not … buy Katie Pavlich’s disturbing new book, Fast & Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up.
“In 1970, a Senator from Wisconsin named Gaylord Nelson raised his voice and called on every American to take action on behalf of the environment,” read President Obama’s Earth Day proclamation two years ago. “In the four decades since, millions of Americans have heeded that call and joined together to protect the planet we share.”
You find them in all walks of life. They might be playing outfield for the Philadelphia Phillies (Shane Victorino). Or hosting the show “Dirty Jobs” for the Discovery Channel (Mike Rowe). Or founding Wal-Mart (Sam Walton). Or even becoming president of the United States (Gerald Ford).
They sound like a group custom-built and poll-tested to appeal to Republicans: hardworking youngsters with a powerful attachment to America, upright habits and a thirst to join the Army or enroll at State U. But the potential beneficiaries of the Dream Act are getting no love from the GOP.
It’s pretty sad that the bishops see this as a “time when the need for assistance from HUD programs is growing” rather than a time for the Church to reassert its traditional role in taking care of those in need—a role that is hindered by the welfare state that the bishops embrace.
Some of the best evidence about high tax rates vs. low tax rates comes from inside America. Art Laffer (yes, that Art Laffer) and Steve Moore have a great column in today’s Wall Street Journal.
This Earth Day, when you think of the environmental movement, realize they have gone way beyond hugging trees. They now want to bring America to its knees.
The issue resonates with young people who worry about a dire future with a dollar crash and nationwide poverty. The gold issue is hot enough that Newt Gingrich has promised to appoint a gold commission, with The Case for Gold coauthor Lewis Lehrman and Jim Grant as cochairman.
The unfounded attacks and insults lodged against the National Organization for Marriage have increased recently by an ever ravenous opposition. The Humans Rights Campaign has shamelessly published NOMs confidential IRS records, and last month a federal judge unsealed some of NOM’s constitutionally protected internal reports.
I'd never recommend managing your portfolio using simplistic seasonal rules, but it's only prudent for investors to contemplate the potential for at least a short-term correction in global equity markets.
But something happened between the tossing of tea in 1773 and the $15 billion mismanagement of the Big Dig project that was finally declared complete in 2005. How did this headquarters of rugged individualism become the peddlers of the dependency drug of oligarchy?