While trying to sell the idea of a transaction tax on all stocks, bonds and derivatives, Rep. Keith Ellison (D-Minn.) said “The bottom line is [government] is not broke, there’s plenty of money; it’s just that the government doesn’t have it."
A friend of mine had a phrase that he said to me early in my years that stuck with me for decades: "Whether you are rich or poor, it's nice to have money". I have to say my friend had it right. Wealth certainly is a main ingredient of a life well spent, but how do you get wealth?
Not only does success leave clues, failure leaves clues as well.
The Iranian relationship remains strong, based on weapons sales and history. In mid-July news services reported that North Korea was working with Iran to revive the oil import trade so as to reduce North Korea's almost exclusive reliance on oil imports from China.
Far from “spreading the wealth around”, President Barack Obama has been largely successful at adding average Americans to the welfare lines. Arthur Brooks, President of the American Enterprise Institute, joined the program to discuss the impact of the White House’s economic policies.
Following the attacks on our Benghazi consulate almost a year ago, President Obama said in a radio interview that “my biggest priority now is bringing those folks to justice, and I think the American people have seen that’s a commitment I’ll always keep.”
Digging under the surface, much of the drop in the unemployment rate over the past two years is nothing but a statistical mirage coupled with a massive increase in part-time jobs starting in October 2012 as a result of Obamacare legislation.
According to a CNN report by Jake Tapper the CIA and the U.S. State Department may have been trying to supply Syrian jihadists with Libyan arms from Benghazi when the operation blew up in their face last September.
Being neither a Catholic nor a religious scholar, I'm in no position to offer opinions on the Roman Catholic Church or its doctrine. Yet it seems to me that conservatives might learn a thing or two from Pope Francis when it comes to messaging and tone.
The resignation of Florida Education Commissioner Tony Bennett couldn't have come at a better time.
They may find it scandalous for someone to say so, but our secular liberal media are playing favorites with religion. They have a spoiled child, Islam. Journalists see Islam as a bullied, minority faith for brown people. Draw a cartoon of Mohammed with dynamite on his head, and you are the worst kind of trouble-making hater.
Why are so many people so desperate to hold onto the idea that America is as racist as it has ever been?
Historians tend to bunch the three Republican presidents of the 1920s – Harding, Coolidge, and Hoover – together in a way suggesting they were identical triplets separated at birth. But there were many differences – some subtle, some not so much.
Let's face it. Anthony Weiner is the comic relief we've been seeking: sexualized politics without a moral message. Salacious texting, a parody of sensual touching, doesn't depend on the meaning of "is" or "was." Vice in virtual reality is sexuality-lite, superficial fantasy, timorous titillation, shadows in the shallows of the Internet.
In a couple of days, Iran will inaugurate a new president, Hassan Rouhani, which has caused some to speculate that the country is entering a new era. Rouhani has become a favorite "moderate" with much of the Western media, with The New York Times gushing in a recent headline: "President-Elect Stirs Optimism in Iran and West." But such optimism defies history.
Even back then, at the turn of an earlier century, Winston Leonard Spencer-Churchill at age 23 had some things to teach the "experts." We may not be interested in the Middle East, but be assured that every hate-filled group there seeking a focus for its venom is interested in us.
House Ways and Means Committee Chairman Dave Camp says President Obama's proposal to enact a business-only tax reform bill that will plow more money into public works projects isn't going anywhere in this Congress.
If someone looks like a Muslim terrorist, identifies as a Soldier of Allah, is mentored by a Muslim terrorist, and then slaughters Americans on a military base in cold blood in the name of Allah, that person is obviously a Muslim terrorist – unless, of course, that person is Nidal Malik Hasan, the accused Fort Hood mass murderer.
With Mike Lee making the news, I had a chance on Monday to talk with him about his efforts to defund Obamacare. And yes I do occasionally scoop Limbaugh. Rather than offer you an op-ed extract, I thought I would let the Senator speak for himself.
When Johnathan Swift suggested feeding poor Irish children to the rich (in an attempt to reduce the burden they place on impoverished Irish families) he was writing satire. When President Obama suggests soaking the rich with higher tax rates and increased regulation, he seems a bit more sincere. And that got this numbers guy thinking: Where would we be without the top one percent? Besides "unemployed."
The Federal Reserve made news this past week in two separate events. The first came with the Fed's policy meeting on Wednesday, when the central bank gave no hint that it would taper or slow its quantitative easing (QE) bond purchases anytime soon. Wall Street believes the Fed will taper in September. My thought is that tapering is likely to come in December, or perhaps not until the new year. (More on that logic in a moment.)
Firearms company Sturm Ruger reported a 79% surge in earnings as U.S. citizens amass firearms in light of increasing threats to second amendment rights, and concerns over potential firearm confiscation.
It should come as no surprise that the lessons that should be learned from the bankruptcy of Detroit, a city that once stood as the shining example of America's industrial might, are being ignored by the American political establishment and its allies in the docile press corps.
For those following developments in Egypt in press coverage, it is difficult to understand just what happened in July and what to expect. It looks like military nullification of an electoral outcome the military did not favor. That is partly accurate, but superficial and not very helpful.
When I’m in Europe giving speeches and participating in conferences, it’s quite common that folks on the left will attempt to discredit my views by asserting that Americans are selfish and greedy.
What the heck is it going to take to make us happy? The amount of anger, sadness, indifferent, apathy and frustration is so thick it hits with gale wind force every time I turn on the news or ask people about how they feel. It seems the farther up the economic food chain the greater the despair.
The Federal Reserve made news this past week in two separate events. The first came with the Fed’s policy meeting on Wednesday, when the central bank gave no hint that it would taper or slow its QE bond purchases any time soon.
By all accounts, the attack was planned with care and executed with precision. At two notorious Iraqi prisons, Abu Ghraib and Taji, al-Qaeda combatants last week used mortars, small arms, suicide bombers, and assault forces to free 400 prisoners, including several who had been on death row.
Amid all the changes that have been heaped upon the U.S. military since the repeal of the so-called “don’t ask, don’t tell” policy, a push by a small number of people to have the military’s chaplaincy broadened to include atheist chaplains has now entered the battlefield.
It's been a strange week. My sister and I passed the coursework and pool portion for open-water scuba diving, my son turned 12, and my mother ended up in ICU. You can plan as much as you like, but oftentimes life happens -- and not as you might have planned.
My unsolicited advice to Anthony Weiner is to drop out of the race for mayor of New York City.
Egypt is in turmoil again. Syria is embroiled in civil war. Iran continues building a nuclear device. Militants in Iraq have killed more than 4,000 people so far this year, more than 800 of them in July alone, according to the aptly named Iraq Body Count. And what is Secretary of State John Kerry's focus? It is the never-ending Israeli-Palestinian conflict.
As of now, the GOP seems so hopelessly at war among its own members and without a coherent message that it appears more reasonable to take the time to consider America with a string of potential Democratic presidents in our future.
Washington, D.C., is a generous and forgiving place. It's full of people who have had successful careers and made lots of money in spite of having been tragically wrong on the great issues of the day. But one sin warrants no mercy: being right.
Here’s what’s wrong with Washington: If it doesn’t negatively impact K Street, nothing’s going to change. Unfortunately, all too many of our biggest obstacles to recovery benefit K Street.
As a 17-year-old freshman at George Washington University, I experienced many difficulties adjusting to newfound college life, not the least of which was trying to understand the well-accepted economic principle that productivity is a good thing.
A few years after the global economy emerged from the economic crisis of 2008, commodity prices began to surge, thanks to ongoing robust demand from China. Chief financial officers at mining firms quickly realized that firm commodity prices implied robust future profit streams, and a broad range of new mining projects were put into motion.
Anecdotal reporting indicates that the Muslim Brotherhood's tactic of sacrificing bodies to generate public support is not working. Most reports relate views that the Brotherhood is getting what it deserves.
I already explained, immediately following Obama's speech, why his “grand bargain” on corporate taxes was not a good deal because of all the hidden taxes on new investment and international competitiveness. But I also had a chance to dissect the President’s overall track record on the economy.
There has been a war against business but the big boys with $2.0 trillion offshore and armies of lobbyists are weathering it better than Main Street. So it's no surprise that while the new tax proposal would eventually lower corporate taxes to 28% from 35% that only covers 2 million of 32 million businesses. The rest would pay at least 39.6% while the more successful are looking at 43.4% (Medicare tax 3.8% plus high individual rate 39.6%).
Swiss citizens should consider the government they are inviting into their daily affairs by offering to the taxing-authority direct access to their accounts. Switzerland, as compared to Eurozone countries, rate better on taxation, debt to GDP ratio and government spending. Such an economically free nation did not achieve its market strength and prosperity through a devolution of bank secrecy.
After a long three-year gap since their last exclusive sit-down interview with President Obama, you might think The New York Times would be ready to ask tough questions on the most contentious issues of the day, beginning with the deepening Obama scandals.
I want a prosperous, free, and cool America; an America where even a kid from a log cabin as a Keynesian can grow up to be president of the United States. Or even a guy like me born in Peru... Illinois.
The surprisingly narrow vote is a good sign that privacy advocates on the Hill -- reflecting broader concerns of the American people -- are finally giving this massive surveillance program the scrutiny it deserves.
Well, here we are .. the day after .. and I just have to chime in with more on this McDonald’s minimum wage issue. Why? Because the Huffington Post published an opinion piece yesterday that was so void of intellectual discipline that one might have thought it was written by a gerbil scampering across a keyboard.
If there were any doubts that the former secretary of state plans to run for president, they were put to rest when Hillary and Obama had lunch on the patio outside the Oval Office on Monday. Meantime, there's a large and growing field of potential Republican contenders who believe a majority of voters will be fed up with this administration and the big-spending Democrats in 2016.
"This is not a game," Mike Rogers angrily warned last week, urging his colleagues in the House to vote against an amendment that would have banned the mass collection of telephone records by the National Security Agency (NSA).
This is the fourth major prison break in an Islamic country in less than a week. The significance is that the militant groups in three countries risked a great deal in coordinated attacks to free veterans. All almost certainly had inside help.
Much of his speech was tax-spend-and-regulate boilerplate, but he did repackage some of his ideas into a so-called grand bargain.
Much was made this week about the AP survey on the economy, economic, insecurity, and poverty, but more time should have been put into the discussion. The work is serious news with greater ramifications than Friday's jobs report, which will reflect AP's findings but only touch the surface.
The fact blacks praised Jay Z for his comments on the Zimmerman verdict and bashed CNN’s Don Lemon for pointing out the problems blacks bring on themselves is exactly what’s wrong with “Black America.”
This wonderful couple has created a traditional nuclear family that provides a powerful counterpoint to the kind of freak show dysfunction that liberalism requires to survive.
Since last November's election, there has been a lot of punditry about the fissures and schisms in the Republican Party. The divisions are real, and some of the commentary has been revealing. But there has been less of a look at fissures and schisms in the Democratic Party. They're real, as well.
The sexting scandal of Anthony Weiner, the disgraced former congressman and current New York mayoral candidate, puts into focus the importance of character to public service.
So there I was, texting with fellow columnist and Bon Vivant Kurt Schlichter (who, at the time, was referring to himself, in the third person, as K-Dog. True story.) We were discussing the subject of my next column when an LA Times story appeared on my Facebook wall.
This column really is a bad idea. I should have counted to 100, had a drink, hit the treadmill for 45 minutes... something before I sat down and started writing.
You probably cannot find a more scholarly, measured, and careful writer than Michael Barone. This Resident Fellow at the respected American Enterprise Institute is not given to exaggeration. Let others set their hair on fire to get a headline, Harvard-educated Michael Barone makes news because he’s one who knows.
When it comes to Vietnam, I'm all for moving on, putting the past behind us, looking forward, letting bygones be bygones, but doing so requires honesty about the past, lest history be forgotten and the memory and honor tarnished of the 60,000 Americans who died in that war.
The Gang of Eight pro-amnesty Senators are trying to con the House of Representatives into passing parts of an anti-American amnesty bill so they can get a Chuck Schumer-dominated conference committee and bamboozle Representatives into going along with their sellout plans.
For years, Buffalo taxpayers have been picking up the tab for elective cosmetic surgical procedures for school employees, due to a bizarre provision in the teachers union contract.
For those of you who are unfamiliar with the term “mailbox money,” allow yourself to be enlightened. Do you remember when you lost your first tooth as a young child? In many households, there is the traditional placement of the tooth under the pillow which is a clear signal for the tooth fairy to go into action.
In an interview last week about Detroit’s bankruptcy, I explained that the city got in trouble because of growing dependency and an ever-rising burden of government spending. I also warned that the federal government faces the same challenge.
David R. Kotok, Cumberland Advisors Inc.’s chairman and chief investment officer believes Municipals Cheap After Detroit Filing. Municipal bonds are an “outrageous bargain” in the wake of Detroit’s bankruptcy filing, according to David R. Kotok, Cumberland Advisors Inc.’s chairman and chief investment officer. Kotok bases his arguments on a comparison on General Obligation Yields to US Treasuries.
Obamacare is a failure. And now Detroit is looking at using it to help reduce their debt. (This will turn out real well.) Brent Littlefield joined the program to discuss the mentality of the modern Democrat.
Private mortgage insurance does nothing for you except pay your mortgage company in the event they have to foreclose on you and they lose money. PMI is foreclosure insurance that protects the lender, and you get to pay for it if you don’t make a 20 percent down payment.
Truth is now officially no longer necessary – or, maybe it is just "inconvenient" – from this President.
When Washington conservatives gather to talk among themselves, and the discussion turns to Obamacare -- it happens pretty frequently -- it's not unusual to hear predictions that the president's health care law will "collapse of its own weight."
Have you ever wondered what it would be like if Charles Krauthammer, Thomas Sowell, or the late William F. Buckley got elected to Congress? We may be on the cusp of something similar. Quin Hillyer, the respected conservative journalist, is running for Congress in Alabama.
Government school apologists are appealing to a global power -- none other than the United Nations, in fact -- in their effort to stop Mayor Rahm Emanuel from closing 49 elementary schools in Chicago.
Real reporters confront ambitious. They call bigwigs out for inconsistencies and contradictions. They might even venture to ask a question or two based on premises different from the assumptions of The Man they are questioning.
Is it any wonder then that U.S. federal government employees are almost more likely to die than leave their jobs?
The Obama administration signed off on the federal government’s share of the subsidies even though it knew the project didn’t need any support from taxpayers.
It’s hard to come up with a story that explains a drop in support for Obamacare only among moderates and conservatives if the legislation was considered too weak.
Americans voted twice for a big-government President, and now we’re beginning to experience the impact of big government. Are you shocked?
When I was a punk teen and twenty-something, I did drugs, dealt drugs, debased women, burglarized homes and was kicked out of both high school and college for my behavior.
It is certainly fair to ask whether John McCain has any political principles that he will not compromise.
Environmental activists constantly pressure government agencies to intervene in the lives of others, whether it is telling them how to run their businesses, where they can build their homes, or what types of food they can and cannot eat, among countless other examples.
Even if you're not receiving Social Security benefits at age 65, you're still eligible for full Medicare benefits.
For those of us who want the prosperity and liberty made possible by smaller government and free markets, it would be ideal if the President actually did think his work was done.
The median income earned by a U.S. individual in 2011 who works full-time, all year-round is $44,934, some $22,040 less than the median income earned by U.S. federal government employees.