The Fiscal Crisis Of The Welfare State
The end result is everyone frantically taking from others in order to get back what's been stolen from them.
Lawrence Hunter, Contributor
Active conversation:
7 comments
The end result is everyone frantically taking from others in order to get back what's been stolen from them.
Lawrence Hunter, Contributor
Active conversation:
7 comments
Richard M. Salsman, Contributor
Reuven Brenner, Contributor
Contrary to the image they are trying to sell the American public, the Democrats will be responsible if there is a government shutdown—or even a “close call.” My reason for saying this is to set the record straight on the cause and effect—without a political argument. read »
The Wall Street Journal today published what I, as a business school professor, view to be disturbing statistics in an article noting the size of the government payroll:
Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government. read »
Mohamed El-Erian has referred to our current economic times as the “new normal.” But, a “different normal” might be a more appropriate label. read »
The Middle East is in upheaval. Europe has mini-upheavals: 250,000 march on London's streets where 500 anarchists wreak havoc; Greeks are on the streets; Angela Merkel's party lost votes for her decision to subsidize the PIGS; the PIGS are making promises, but not delivering; and in France, Marine Le Pen of the National Front may beat Sarkozy, according to the latest polls. read »
The Chevrolet Volt sure is innovative. It's Motor Trend's "car of the year." But whether it will be successful is another story. If it's so great, why can't it roll on its own four wheels without a shove from us taxpayers? read »
A fourth monthly breach of the European Central Bank’s 2% ceiling for inflation initially sparked renewed buying of the single currency as dealers rode roughshod over sovereign debt worries, which they hoped might become merely a memory. But as Portugal’s President consulted with former leaders, investors anticipated a nearby election selling its domestic debt cognizant of the implications of a highly probable bailout. Lackluster U.S. data failed to provide a lead for North American leads and for[...] read »
Evidence grows with each passing week that in Libya the U.S. government and its allies are providing air cover and arms directly to its avowed enemies--including thugs from al Qaeda, Muslim Brotherhood, and Taliban--those who’ve devoted the past decade to slaughtering American soldiers in Iraq and Afghanistan. Worse, top U.S. and U.K. officials now acknowledge this and condone it. read »
President Obama was out with comments this morning highlighting an ambitious plan to curb America's addiction to foreign oil. In fact, the President went so far as to say he wants to see U.S. oil imports pared by a third over the next decade. read »
