In his article in London’s Financial Times, professor Jeffrey Sachs laments the inevitable shrinkage in America’s federal government, regardless of which political party takes the White House in November. Calling the national elections “a full-throated ideological brawl … the small-government agenda has already prevailed. No matter who is elected on November 6, dangerous cuts in public goods and services are already in train.”
15-term House member Edolphus Towns (D-N.Y.) has been milking the system for years, the latest being obtaining VIP treatment from Countrywide Financial and then denying it.
Thanks to the Heritage Foundation's report on Taxmageddon, taxpayers became aware of the $500 billion of new taxes the government is expected to extract from the economy starting the first of the year. What they didn’t learn is how devious and pernicious some of those taxes are because they are buried so deeply in the ObamaCare monstrosity, otherwise known perversely as the Patient Protection and Affordable Care Act. The Orwellian title is exactly the opposite: Patients won’t be protected and medical care will become less affordable.
Moody’s, one of the big three credit rating agencies, has announced new rules to be effective on September 1 that bring an additional dose of reality to the size of the funding gaps that currently exist with public pension plans.
With political ads defending and bashing various proposals about how to “fix” Medicare reaching a crescendo, fact-checkers are having a field day in sorting through who’s right and who’s wrong. Claims by Democrats that Paul Ryan’s reform bill would “end Medicare as we know it” was awarded the “lie of the year” by Politifact, while Factcheck.org named it one of the “Whoppers of 2011.” Even the liberal Washington Post gave the canard its highest — or lowest — rating of “four Pinnochios.”
Conservative scholar Dinesh D’Souza has, with Gerald Molen (Schindler’s List) and John Sullivan, produced the documentary 2016: Obama's America, which was recently released in Texas and is now being presented at some 400 theaters across the country. The film persuasively projects a frightening future for America: emaciated in military power, weakened financially, with diminished allies such as Israel in a world increasingly dangerous and threatening.
Ten months after stitching together the pieces of the MF Global collapse and bankruptcy in October, 2011, the New York Times reported that criminal investigators aren’t likely to file criminal charges against the prime suspect: CEO Jon Corzine.
Conservative billionaire Charles Koch is going public with his massive efforts to influence politics in the short run and the direction of the country in the long run. Partly because of his determination to redirect the freedom conversation and partly because his efforts are beginning to have an impact, Koch is now coming into the public square with his beliefs and efforts. In the short run, he hopes his efforts will first show up in the November elections, but he also is working to influence the elections of 2016, 2020 and out.
The current drought afflicting the country is driving up the price of corn and reviving the debate over ethanol mandates that redirect corn from food to fuel.
Because of the drought, corn yield per acre this year will be the lowest since 1995, while the actual production of corn will be the lowest since 2006. A congressional mandate to turn corn into ethanol in order to reduce emissions requires converting nearly 40 percent of that harvest into 13.2 billion gallons of ethanol. That leaves precious little to feed cattle and people, driving up the price.
Calling potential Republican vice-presidential candidate Paul Ryan’s budget plan a “fairy tale,” David Stockman, President Ronald Reagan’s budget director from 1981 to 1985, took Ryan’s plan to task for not recognizing reality and for leaving behind the legacy of the GOP’s glory days when it reveled in touting small government.