Deficit Spending The federal government ran record peacetime budget deficits in fiscal years 2009 and 2010, 10 percent and 9 percent of gross domestic product (GDP), respectively, and anticipated another deficit of 10 percent in 2011.  The federal government's borrowing in 2009 and 2010 took up amounts equal to 60 percent and 49 percent of the economy's gross private savings, respectively.  The dollar volume of federal debt held by the public doubled between the end of September 2007 and the… Continue

Reducing the Regulatory Bureaucracy

Researchers at the Phoenix Center used 50 years of data and modern econometric methods to provide an estimate of the relationship between government spending on regulatory activity and economic growth and job recovery.  It is estimated that reducing the size of the regulatory bureaucracy may grow the economy and invigorate the labor market, say the researchers. Even a small 5 percent reduction in the regulatory budget (about $2.8 billion) is estimated to… Continue

Kicking class warfare to the curb Jedediah Bila

Many aspects of President Obama’s policies and approach give me indigestion. His reckless spending, economically destructive and unconstitutional Obamacare, deceit with respect to Paul Ryan’s “Path to Prosperity,” perpetual arrogance, and love affair with an EPA that repeatedly jeopardizes our ability to become energy independent, are just a few examples.

However, there’s one facet of the Obama ideology that turns my stomach with…

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Who Owns the Fed?

Commercial banks hold shares of stock in their local Federal Reserve branch, but these shares do not confer ownership in any meaningful sense.  Member banks receive a fixed 6 percent annual dividend on their Fed stock and enjoy limited voting rights.  But there the resemblance to ordinary shares ends.  The banks are obliged to acquire shares when they become members of the Fed, and they may not sell their shares or pledge them as collateral, says Warren C. Gibson,…

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Wall Street Journal reports that a rally scheduled in front of a Mosque in Dearborn has been postponed because Judge Mark Somers of Michigan's 19th District Court set a "peace bond" on Pastor Terry Jones and Wayne Sapp, the event organizers.

According to Rana Elmir, a spokeswoman for the ACLU of Michigan, "It is unconstitutional for the government [Judge Somers] to put a price on free speech in…

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Tea Party: David Vs Two Headed Goliath: Obama Administration/Liberal Media.

• Posted by Lloyd Marcus on April 23, 2011 at 10:00am
• Send Message  …

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Ron Miller of Regular Folks United Responds to President Obama's Facebook Town Hall Comments Ron Miller, president of Regular Folks United, issued the following statement concerning President Obama's comments at yesterday's Facebook town hall meeting in Palo Alto, California Mr. President, before you took office, it was rare to hear a president of the United States insult hundreds of millions of the Americans he took an oath to lead. In fact, I cannot recall a president who routinely… Continue

Recently, I have been concerned about my retirement investments. I am 53 and my wife is 54.



I graduated from college in 1980. The Carter years gave us double digit inflation, unemployment and interest rates. I know things can get worse. Therefore I began to study our Federal Reserve monetary system after reading A Colossal Failure of Common Sense about the failure of Lehman Brother's and the overall sub-prime mortgage crisis.



I was shocked how many people at Lehman knew… Continue

For the last two decades, Sen. Carl Levin and other Washington politicians forced banks and federal mortgage houses to finance thousands of risky loans to homeowners in Metro Detroit and beyond, setting the nation on course for the 2008 financial crisis. Now, incredibly, Levin is demanding an investigation of mortgage lenders to divert blame for a disaster that he and his colleagues created.

"This was a man-made crisis, the product of reckless risk-taking and rampant conflict of…

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This is a 6 minute video that describes how unreliable

the media is becoming:

click here from website and video

Andy Rooney says: I don't believe in Santa Claus, but I'm not going to sue somebody for singing a Ho-Ho-Ho song in December. I don't agree with Darwin , but I didn't go out and hire a lawyer when my high school teacher taught his Theory of Evolution.

Life, liberty or your pursuit of happiness will not be endangered because someone says a 30-second prayer before a football game. So what's the big deal? It's not like somebody is up there reading the entire Book of Acts. They're just talking… Continue

Dear  Mr. President: During  my shift in the Emergency Room last night, I had  the pleasure of evaluating a patient whose smile  revealed an expensive shiny gold tooth, whose  body was adorned with a wide assortment of  elaborate and costly tattoos, who wore a very  expensive brand of tennis shoes and who chatted  on a new cellular telephone equipped with a  popular R&B ringtone.

While  glancing over her patient chart, I… Continue

For the last five years, Social Security has paid out more in benefits to disabled workers than it has taken in from payroll taxes.  About 8.2 million people collected disabled worker benefits totaling $115 billion last year, up from 5 million a decade earlier.  But given the difficult job market, some economists say they believe that an increasing number of people rely on disability benefits as a kind of shadow safety net, says the New York Times.

• The program was designed to help…

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The Coming State Pension Disaster

Faulty accounting practices stipulated by the Government Accounting Standards Board (GASB) have allowed state retirement systems to dramatically underestimate their pension deficits.  In most states, the trustees of these funds have not provided the right data or even agreed to release it.  This cover-up stands in the way of designing the reforms needed to fix the most serious calamity facing state and local finances, says Rich Danker, project…

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Understanding Rep. Ryan's Plan for Medicare

House Budget Committee Chairman Paul Ryan (R-WI) says his overall objective is to convert Medicare into a premium support program for which the government will spend a specific amount for beneficiaries' care, a fundamental shift from the current fee-for-service program, reports Kaiser Health News.

What is premium support?

• Currently, Medicare is an entitlement program, which means that the government must help finance…

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Wisconsin 'Ground Zero' of Battle to Reshape America The fate of the grass-roots push to limit government growth in America hinges on who wins several pitched battles that continue to escalate in Wisconsin, former Alaska Gov. Sarah Palin and other leading conservatives are warning.



Those melees include recall clashes, high-stakes elections, union campaign scuffles and intense courtroom dramas that have escalated in the Badger State since Gov. Scott… Continue

Vouchers Provide Win-Win

Contrary to the widespread claim that vouchers do not benefit participants and hurt public schools, the empirical evidence consistently shows that vouchers improve outcomes for both participants and public schools.  The most important finding is that competition from vouchers introduces healthy incentives for public schools to improve, says Greg Forster, Ph.D., of the Foundation for Educational Choice.

Key findings include:

• Ten empirical…

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