As the US government reaches yet another historic debt ceiling, requiring an additional $1.2 trillion credit increase from Congress just to keep the system from collapsing into a chaos, the first stop for a short-term loan is federal pension funds. The US suspended investments into a federal employee retirement fund to avoid breaching the $15.194 [...]
The 2012 political year is right around the corner, and the recent failure by the so-called “Super Committee” to reach agreement on $1.2 trillion in deficit reduction will re-cast the environment on Capitol Hill and shape the 2012 campaign. With divided control of Congress, and a 60-vote threshold in the U.S. Senate, major Congressional action [...]
By Ben Johnson In 2008, candidate Obama had some harsh words about President George W. Bush’s fiscal policy: The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up the [...]
In a Constitutional Republic of the sort that we thought we had, the process by which laws are made is at least as important as the laws that are enacted. Our Constitution prescribes that law-making process in some detail, but those who voted for the “Budget Control Act of 2011″ (“BCA 2011″) were wholly unconcerned [...]
You can tell the liberals are really sweating the politics of the debt-ceiling talks when NBC puts on a special “Dateline NBC” devoted to politics. This is normally a time slot devoted to “news” topics like Casey Anthony or Lindsay Lohan. But last week, viewers were “treated” to anchorman Brian Williams actually covering a real [...]
The Talmud says: “One should not extravagantly distribute more than one fifth of one’s income to charity.” Are the sages saying there’s a ceiling cap on giving charity? Yes they are, because if everyone were to give too much away there would be too many mouths to feed. If you have been getting information from [...]
Gold isnât money? How could America get to this point we asked in astonishment upon hearing the Chairman of the Federal Reserve proclaim, âGold isnât Money.â No wonder our leaders in Washington misspend our money. They donât even understand what it is. For those of you without a dictionary nearby, letâs start with the Websterâs [...]
All those pesky people attempting to tie raising the debt limit to reducing the debt through spending cuts must be unreconstructed southerners. How so? Well, they are clearly obstructing the presidentâs efforts to enforce the 14th amendment! A constitutional claim newly minted by some administration asserts that the president can raise the debt ceiling if [...]
