At the very least, can our economy survive such a crushing burden of government spending, and its attendant level of taxes and debt? Given this looming disaster, President Obama has just submitted a budget that explicitly rejects “austerity,” avoids any reform of Medicare or Social Security, and adds some $7 trillion to the national debt over the next ten years.
Archive for Category: "Economy"
Eurobamacare can’t pay for drugs
Will your drugs cost more to pay for drug companies losses in Europe?
Dollar, Gold and Gasoline
Now, with Iran, Israel, U.S. and Europe exchanging sanctions, threats in daily new headlines, it is hard to imagine anyone in the business world would miss the connection between surging oil, gasoline prices, and escalating tensions over Iran’s nuclear program.
High Gas Prices an Obama Success Says Gov. Daniels
Gov. Daniels points out that it has been the goal of the Obama administration to have high gas prices and he is achieving that goal as one of his few successes.
The Corruption of America
A MUST read: [W]hat do the Democrats do with this power? They push a form of American socialism. This political system features transfer payments, government jobs, and lucrative government contracts to voters in exchange for political support – and in many cases, outright bribes. They do all of these things under the cover of “progressive” politics and “social justice.”
Krauthammer: Obama’s green algae vision to replace oil
Obama’s Energy Secretary Steven Chu is on the record as having said we need higher gas prices like those in Europe. A new congressional report has determined that the Obama administration is intentionally causing high gas prices. Obama seems to be doing everything he can to increase gas prices, inhibit domestic oil drilling and ruin the coal industry. His green energy policies cause consumers to pay as much as 38% more for electricity.
The Real Boom is in Traditional Energy, Not “Green Jobs”
Its 3.3 percent unemployment rate is the lowest of any state, according to the Bureau of Labor Statistics. North Dakota also boasts a state budget surplus of $1 billion. Compare these figures with California’s 11.1 percent unemployment rate—second highest in the country—and a likely $13 billion budget deficit in the coming fiscal year.. – City Journal
Baltimore Has Decided Some Neighborhoods Just Aren’t Worth Saving
The vacant streets are punctuated by the odd meticulously kept home, a living city slowly turning into a ghost town. – Business Insider
Axes not Taxes
Let’s tell them to stop the political posturing on taxes, and focus on real fiscal responsibility, i.e., the hard task of significantly reducing the number and size of federal departments. Substantial success will require a second American Revolution, a bloodless revolution.
Based on Where the Top 1 Percent Lives, the Occupy Crowd Should Be Protesting Against Big Government
Of those 15 super-elite counties (the top 1/2 of one percent), 10 are in the Washington metropolitan area. I’ve identified them with stars in the map.