This is a must read article. I am NOT expressing an opinion about either immigration — whether any form of it is good or bad — or multiculturalism (whatever that means to different people). But this writer appears to have his facts in hand and thus I pass along the facts he presents, [...]
Filed under: serious | Tagged: America, crime, economy, free enterprise, immigration, multiculturalism, welfare | Leave a Comment »
The engine of America’s freedom and prosperity (yes, they go hand-in-hand) is our system of free enterprise. It is under attack now more than ever in a steady march toward facism. No, I don’t think I’m being an extremist in stating that. That march has become a rush and it is fueled to a great [...]
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My view is that NOTHING is wrong in America — not in the REAL America.
It’s the politics in Washington that is trampling on the Constitution, spending us into the poor house, and padding the pockets of special interests that’s wrong. The following is a piece from Glenn Beck that lays it out pretty nicely. There [...]
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The current cover of The Economist is awfully on-point, with a giant ball and chain attached to a crawling baby. It is, of course, the debt bill faced by the developed world, which is the biggest in history.
The entire associated article is empirical, direct, and highly worth reading.
via The Big Bill: Debt and Developed Countries [...]
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Following is an intro to an interesting piece on “obamanomics” that includes some very thoughtful analysis. View this without a political agenda and just ask yourself whether there is economic reality in the current federal monetary policy and what is intended as an approach to stimulate an economy perceived to be weak.
The comments following the [...]
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Alex Tabarrok: How ideas trump economic crises — a surprising lesson from 1929
via Alex Tabarrok on how ideas trump crises | Video on TED.com.
About this talk
The “dismal science” truly shines in this optimistic talk, as economist Alex Tabarrok argues free trade and globalization are shaping our once-divided world into a community of idea-sharing more healthy, [...]
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Are we there? Note some definitions of an oligarchy:
ol·i·gar·chy (ŏl’ĭ-gär’kē, ō’lĭ-) n. pl. ol·i·gar·chies
Government by a few, especially by a small faction of persons or families.
“oligarchy.” The American Heritage® Dictionary of the English Language, Fourth Edition. Houghton Mifflin Company, 2004. 27 Apr. 2009. <Dictionary.com http://dictionary.reference.com/browse/oligarchy>.
OR
Oligarchy [...]
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Talk about federal budgets can be confusing. Most states (including Texas, thankfully) have constitutional requirements for balanced budgets each year. Therefore, states don’t go into debt like the federal government does. The feds can run deficit budgets and therefore increase debt, and that is what happens year after year. A budget, and the resulting deficit, [...]
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The problem is not just the spending supposedly needed for the current economic emergency. Obama claims that he will cut the deficit in half, to $533 billion, by the end of his first term. Two problems: 1) The Congressional Budget Office says the more likely number is $672 billion, and 2) that is 46 percent [...]
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As the top 2% makes less money, which is now occurring, then the 80% slice of tax generation will decline. What would be done then — raise taxes? A bit of math will demonstrate that once the top tier is earning substantially less income, then even at a 100% tax rate the federal budget will not be funded. Exactly where that cross-over point is, I don’t claim to know. But what I do know is that we’re headed that direction — a direction which is a recipe for disaster.
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