US Action News

Levin hopes his latest, “The Liberty Amendments,” out mid-August, will spark the state lawmakers to tap a rarely used Constitutional provision to institute measures that would brake President Obama’s use of executive orders, bar thousand-page laws and collar inventive judges. – Washington Examiner

A flier given to the Mexican Embassy by the USDA highlights that “you need not divulge information regarding your immigration status in seeking this benefit for your children.” – IBD

Detroit is only just the beginning. When the next major financial crisis strikes, we are going to see a wave of municipal bankruptcies unlike anything we have ever seen before.

The loss of income from the redemptions comes to a cool $3.3Bn a year. That is chump change at SSA – but it will happen again next June when another chunk of high coupon paper rolls off the books. – Bruce Krasting

The policies that are being employed to create the appearance of economic and market stability are not effectively addressing the underlying symptoms of economic malaise; in fact, they are exacerbating them.

It’s not “progress” to merely repeat what has always ended in disaster. The road less traveled is freedom, in economics as much as anywhere.

The biggest risk is that created by our own politicians and institutions – by those we trust to somehow protect us from risk.

Obama learned his politics in Chicago. Why is anyone surprised that he has one of the most corrupt and tyrannical administrations in our history?

“As democracy is perfected, the office of the President represents, more and more closely, the inner soul of the people. On some great and glorious day, the plain folks of the land will reach their heart’s desire at last and the White House will be occupied by a downright fool and complete narcissistic moron.” —- H.L. Mencken, The Baltimore Evening Sun, July 26, 1920

“At just 63.5 percent, participation in the labor force remains very low by historical standards and below last year’s average of 63.7 percent.”