The U.S. was the world’s number one economy prior to World War II, but it took off bigtime after the war and there has not been a day of my long life in which we were not number one—until now.
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In late October I wrote a commentary “Is America in Decline?” based on a book by James MacDonald, “When Globalism Fails: The Rise and Fall of Pax Americana”, due for sale in January from Farrar, Straus and Giroux. Within days I received “The Accidental Super Power: The Next Generation of American Preeminence and The Coming Global Disorder” by Peter Zeihan.
Everyone knows government sucks, but it will at least suck a little less with these cuts to the vacuum-based erection program. It’s just too bad they’re blowing all the savings on a new spending splurge.
Of importance to Moore is that people are not paying enough attention to how red states are getting redder (run by Republicans with pro-growth and pro-market oriented policies), while blue states are getting bluer.
“No. I — I did not. Uhhh, I just heard about this… I — I get well briefed before I come out here. Uh, th-th-the fact that some advisor who never worked on our staff, uhh, expressed an opinion that, uhh, I completely disagree with wuh, uhh, in terms of the voters, is no reflection on the actual process that was run.” — President Obama replying to a question about Jonathan Gruber at the conclusion of the G-20 Conference in Brisbane, Australia.
Last week the Center for American Progress released a health care reform plan it claimed should draw bipartisan support because it includes Republican ideas. The first four words of an Associated Press article reporting on the plan were “Borrowing a Republican idea.”
“Government is the great fiction through which everyone endeavors to live at the expense of everyone else,” wrote the celebrated French legislator, economist, and political theorist Frederic Bastiat 165 years ago. With recent reports out of the Census Bureau indicating nearly half of all Americans are receiving some form of direct government subsidy – Social Security, Medicare, Medicaid, food stamps, unemployment benefits, housing assistance, veterans’ benefits, etc. – can there be any doubt he was right?
President Obama sold Obamacare to the Left on the grounds that it would achieve universal health insurance coverage. But even the Washington Establishment CBO says it will still leave 30 million Americans uninsured 10 years after full implementation!
For several years, the Obama administration has been touting accountable care organizations (ACOs) as a big part of its proposed solution to rising health care costs, particularly in Medicare. Early results suggest yet another disconnect between the promise and the reality.
No one in Washington is taking the lead in addressing poverty and welfare reform like House Budget Committee Chairman Paul Ryan. Almost alone, he has noted that this year marks the 50th anniversary of the War on Poverty.
The total federal government spending in 2013 totaled $3,454,253,000,000—over $3.4 trillion—encompassing defense, highway and transportation costs, public education, immigration services, and government worker salaries, to name a few.
The Illinois Forum celebrated its 25th Anniversary with a banquet on Saturday, August 23rd, at the Round Barn Banquet Center in Champaign, Illinois. The Illinois Forum was founded byRobert S. Redfern and U.S. Congressman Dan Crane in 1989 as a statewide grassroots coalition of nonpartisan political activists. Since 1989 Illinois Forum has become one of the largest citizen groups in the state working to promote a smaller state government, to restrain spending, and to encourage tax cuts.
Since the economic crisis of 2008-2009, the Federal Reserve – America’s central bank – has expanded the money supply in the banking system by over $4 trillion, and has manipulated key interest rates to keep them so artificially low that when adjusted for price inflation, several of them have been actually negative. We should not be surprised if this is setting the stage for another serious economic crisis down the road.
For more than two hundred years, practically all of the leading advocates of individual liberty and free markets have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been that competitive markets and free consumer choice are far better than government control and planning – except in the realm of money and financial intermediation. They have been wrong on this important issue.
To coin a phrase, R. Emmett Tyrrell, Jr. has forgotten more about politics than I’ll ever know. His familiarity with great ideas and thinkers, his personal ties to some of the most important conservatives in recent history (Ronald Reagan visited his home!), and his affable writing style — not to mention that he founded the publication I write for — give me pause when considering even a modest contradiction of the man.