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Archives for December 2013

Big Spending Dem…err…Republicans

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Republicans in the House are supposed to control the big spenders in the Senate and the White House. But by agreeing to the Ryan-Murray budget, they’ve destroyed the savings won through the 2011 Budget Control Act (BCA). If House Republicans did nothing, the BCA capped discretionary spending at $967 billion in 2014. The Ryan-Murray deal […]

Hoover’s War Against Collectivism

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Herbert Hoover is one of the most maligned and misunderstood presidents in American history. Read this story to understand his life and his war against collectivism. Editor’s Note: This introduction is adapted from The Crusade Years, 1933–1955: Herbert Hoover’s Lost Memoir of the New Deal Era and Its Aftermath, edited and with an introduction by George […]

Obamacare a Time Bomb for the Young

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While Barack Obama’s healthcare folly has had the support of many of the so-called “millennial” generation, its effects on these younger Americans will be quite nasty. The success of Obamacare is predicated on forcing these young people into buying insurance they wouldn’t otherwise wish to. Victor Davis Hanson explains at National Review. There are all […]

Insurance Industry Mouths Stuffed with Gold?

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The O’Care debacle has the fat cats in the insurance industry with their collective backs to the wall. In reality, all that lies ahead for this greedy and miscalculating crowd is the firing squad. Here at National Review Jonah Goldberg lays out the plight of America’s insurers. It is hard for me to conclude that […]

The Fed Tax on Savers: Low Interest Rates

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Rasmussen poll indicates that only 12 percent of probable voters favor a budget that increases spending. Here Cato Institute’s Richard Rahn explains why a return to the days of Thatcher and Reagan is so necessary and why the Fed is a big enabler in today’s tragic spending spiral. As every rational person should understand, the […]

Budget Deal is Smoke and Mirrors

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To learn the truth about the cave-in, Ryan-Murray budget deal I go to Cato’s Chris Edwards. As he points out, the analysis by Republicans on the Senate Budget Committee (SBC)  raises spending by $63 billion in ’14 and ’15. But the so called $85 billion in “savings”  is a mix of $34 billion in revenue […]

Bitcoin Worth $524,000?

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Bitcoin is a speculative corner of the market. To get a better understanding of it read this article by Brian Wesbury in the WSJ: Right now, total cash and deposits in the U.S. banking system (the M2 money supply), is roughly $11 trillion. Assuming 21 million Bitcoins are mined and they become an accepted currency, […]

Obamacare Hijacking Your Checkbook?

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It’s worse than you thought, much worse. Here writing at National Review, Mark Steyn offers a real-life short tale of government/Obamacare abuse that you will find hard to believe. But all the warning flags have been flying since the O’Care beast was jammed down the throats of Americans by the Obama/Pelosi-led Democrats. Implode, collapse, repeal […]

The Obamacare “Death Spiral”

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Here it comes, and I cannot believe the Obama team did not expect the meltdown. There is going to be a dramatic pick up in policy cancellations as premiums for “scrap metal” grade, qualified O’Care policies come with strato costs. Healthy young people will stay away in droves, while the sick , the lame and […]