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.
204 Search results for "medicare"
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.
In campaigning for the presidency, Barrack Obama inspired popular support of millions of voters by eloquently promising to “transform” America with “fundamental” change. Now his popularity is at its all-time[…]
We’ve seen it in too many sectors of the economy to possibly mention – both domestically and internationally. The greater the government involvement in an economic sector – the greater the ensuing economic damage. To that sector – and the broader economy.
In campaigning for the presidency, Barrack Obama inspired popular support of millions of voters by eloquently promising to “transform” America with “fundamental” change. Now his popularity is at its all-time low, his signature legislation, Obamacare, has been a disaster, his highly touted—and extremely expensive—stimulus program has failed. He has done nothing to lower the federal debt or tackle the future insolvency of Social Security, Medicare or Medicaid.And the economy continues to stumble 58 months after the recession officially ended.
Try to imagine a commission of the U.S. government recommending that it get rid of the Department of Education, the Department of Health and Human Services, countless agencies, and, for good measure, restructure Medicare so it doesn’t go broke. There are few Americans who will argue that our federal government isn’t big enough and many who trace our present problems to Big Government.
My Father was born in 1901 and was too young for World War One and too old to serve in World War Two. A gentle, quiet man, he would have been a terrible soldier. My older brother, however, was inducted in the U.S. Army and served during the Korean conflict. In the 1960s I served during a period of peace despite Cold War tensions.
A demonstration of just how far the United States has moved from its original founding principles is seen in the fact that in all the jousting over ObamaCare, the general rise in “entitlement” spending, and the burden of government regulation over American enterprises, there is one question that seems rarely to be asked: What should be the size and scope of government, and what would it cost if government were cut down more to the size delineated in the original Constitution?
The Left has made an art form out of the maxim “If at first you don’t succeed – try, try again.” They perpetually push terrible, government-expanding policies – and no number of failures deters them from pushing until they win.
It is largely why they fight so hard to protect power grabs already won – no matter how huge the failures.
Regardless of where someone may view himself along the political spectrum (conservative, libertarian, or modern liberal), there are always a variety of government programs and activities that they either think are not worth the money or should not be the business of government in the first place. Yet, it seems almost impossible to rein in government. It keeps growing in size and scope in one direction after another. Why? And is there any way to reverse it?
In 2013 the price of gold bullion lost 28 percent and closed near its low for the year. It was the first annual decline since 2000 and the worst since 1981. Gold ETFs experienced record redemptions, shrinking the funds 33 percent by year end, but they were the exception. Marcus Grubb, Managing Director of the World Gold Council, reported, “2013 has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets.” While investors were leaving ETFs, demand for gold jewelry, bars and coins was increasing, as were purchases by central banks. Globally, consumer demand increased 17 percent for gold jewelry and 28 percent for bars and coins.
Ezekiel Emanuel, Rahm’s brother and one of the key ObamaCare advisors, has been on quite a roll lately. Consider some of the headlines just from the past few weeks or so. In every instance his message is that he knows better than you do what is good for you. He knows a better way to do insurance than you do, he knows that you don’t really need a choice of doctor or hospital, he knows that you don’t really need a doctor at all for most services, and he knows that “things are actually going well” for ObamaCare despite the fact that you and most Americans don’t like it.
Who could forget about the botched ObamaCare roll out of last fall by the Obama administration when on September 26 Obama said, “… most of the stories you’ll hear about how ObamaCare just can’t work is just not based on facts. Every time they have predicted something not working, it’s worked.” But when people did start shopping for insurance coverage on October 1, Healthcare.gov crashed.