I hereby bestow the Bob Dole Award on all the people who are mistakenly focusing on the symptom of red ink rather than the underlying disease of bloated government.
There are two Americas. No, I am not adopting occupy-style rhetoric that pits one group of Americans against another. What I am talking about is the fundamental difference between America’s entrepreneurial private sector and America’s cumbersome public sector.
As reported by USA Today... all types of federal employees - from scientists to custodial staff - have had huge increases in pay over the past five years.
Newt Gingrich's sharp counter attack against Mitt Romney for "laying off employes" during his years as a venture capital investor was taken right out of Sen. Edward M. Kennedy's liberal campaign playbook.
The real job creator in this ocuntry is a single bean-counter who works in a small room with a green eyeshade pulled over his head at the Bureau of Labor Statistics (BLS). He creates jobs with the stroke of a pen.
Behind closed doors on Capitol Hill, a massive lobbying effort is underway. On a seemingly small issue with scant public attention, powerful special interests are looking to cash in their chits and strike a deal – a deal that will come at the expense of taxpayers.
Judging by the number of comments on the story, liberals are very offended that I believe Obama is the "The Worst of All Possible Presidents." Somehow, I think, I'll learn to live with the guilt. Over time, I might even learn to laugh about it. Yep: Time's up.
In the last year, the civilian population rose by 1,739,000. Yet the labor force rose by a mere 238,000. Those not in the labor force rose by 1,501,000. Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.
With growth slowing and fiscal deficits widening, the EFSF isn’t big enough to stop the contagion. We think Europe’s outlook will deteriorate until a strong new source of confidence is introduced – though two powerful ones, ECB bond buying and U.S.-style blanket guarantees for new bank debt, aren’t on the table.
If President Obama ever expected the economy to improve significantly before the 2012 election, Fed Chairman Ben Bernanke buried that hope this week.
Resolution of the European mess has been all about how to bail out banks at taxpayer expense even though banks brought this mess on to themselves by treating sovereign debt as if it had zero risk.
Mirror, Mirror, on the Wall, Which Nations Maintain the Rule of Law Best of All? | Daniel J. Mitchell