In a speech about his budget balancing plan Rand Paul says “People in official Washington think this a pretty bold, maybe overly bold, proposition. But it only cuts about a third of the annual deficit.” He’s right, people in Washington do think it’s bold, and that’s a big problem. They don’t think inflating the budget […]
Obamacare Repeal Fails
Do you remember, back in 2009 when all of America turned to the election of Scott Brown to the Senate from Massachusetts? Then state-senator Brown promised to be the 41st vote against Obamacare, stopping it in its tracks and delivering a death blow to the bill that few in the country wanted to see pass. […]
After Egypt
The Wall Street Journal reports that Hosni Mubarak gave his Minister of the Interior an order to use live ammunition to disperse crowds of protesters. Nothing could be more damning for Mr. Mubarak. Asking his police to shoot and kill his own people is unforgiveable. No one wants to see chaos in Egypt. But the […]
Obamacare Unconstitutional, Again
Yesterday the ruling came down from Judge Roger Vinson in a Florida federal court that the individual mandate is unconstitutional and that if the Supreme Court agrees, the whole law must be nullified. This decision puts into stark relief something I have been writing for a long time now, that Justice Anthony Kennedy is the […]
Ethanol for Newt
According to the staff of Congressman Paul Ryan, the budget deficit is poised to increase to $1.48 trillion from $1.416 trillion even when a projected $66 billion more will be raised in tax revenues from 2010 to 2011. In other words, the president’s budget is getting more money, and spending it faster than it did […]
A Focus on Long Term Price Stability
John Taylor, writing at the Wall Street Journal, has come out in support of an idea that has been floated by many conservative economic thinkers (and here on this website), that the Federal Reserve ought not to be focused on multiple monetary policy goals, and instead ought to be directing its efforts solely to maintaining […]
Sacred Cows to the Slaughter
An Obama administration official, the administration’s chief expert on Medicare and Medicaid spending, Chief Actuary Richard Foster, has said that Obamacare will not hold costs down, or allow Americans to keep the health insurance they currently have. Both key promises of the bill. Where was this admission two years ago when the president’s team was […]
State of the Union: The Same Old Song
“You’re sweet as a honey bee, But like a honey bee stings, You’ve gone and left, my heart in pain, All you left is our favorite song, The one we danced to all night long, It used to bring sweet memories, Of a tender love that used to be, Now it’s the same old song” […]
Congressman Paul Ryan to Rebut President Obama
Tonight Congressman Paul Ryan will speak to a massive audience following President Barack Obama’s State of the Union address. Congressman Ryan has loads of power as the head of the Congressional Budget Committee, and a winning plan to dump the currently unsustainable version of Medicare and replace it with vouchers. His Roadmap for America also […]
Unions: Not Working So Far
Last Friday Tim Jones wrote to you about Republican Congressman Jim Jordan’s new proposal to cut the budget deficit by $2.5 trillion over the next ten years, far beyond any cutting proposal Americans have seen so far in the new Congress. This week Jed Babbin writing at The American Spectator has reported that Democratic Congressman […]
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