Washington, DC, Wall Street, and central bankers around the world rejoiced this week as Congress came to an agreement to end the government shutdown and lift the debt ceiling. The latest spending-and-debt deal was negotiated by Congressional leaders behind closed doors, and was rushed through Congress before most members had time to read it. Now […]
Senator Rand Paul (R-Ky.) has introduced a Constitutional amendment that would forbid Congress to pass any law that doesn’t apply equally to the American public, Congress, the Supreme Court and the Executive branch. Paul’s proposed the Amendment due to contention over Obamacare provisions and an Office of Personnel management ruling which allow lawmakers and their […]
This post, written by Pepperdine University professor of economics Gary Galles, was originally published by the Ludwig von Mises Institute on Oct. 18. Jury duty garners complaints from those who have been drafted into service, but it seldom gets media attention. Other than when there is a celebrity involved (e.g., when Oprah Winfrey was chosen […]
On Wednesday, Congress reached a deal to disregard the $16.4 trillion limit on government borrowing and re-open the Federal government. The deal has been widely touted as a measure to raise the Nation’s debt ceiling—in reality, however, the deal simply suspends the current debt ceiling, giving the Federal government open-ended spending power through Feb. 7. […]
As Congressional lawmakers ended the 16-day government shutdown Wednesday night by approving a bill to resume funding for the Federal government through Jan. 17, longtime House stenographer Dianne Reidy caused a ruckus inside the House chamber by interrupting the vote and shouting, “the House is divided” and “this is not one Nation under God!” Reidy’s […]
Many Americans suspect Barack Obama was foreign-born. They have every right to ask the questions about the most powerful and mysterious man in the world, but I believe they have the story wrong. They are on the wrong path to unsealing the mystery of Obama’s background.
According to this report from the Michigan-based WZZM, a pregnant couple in the State has been forced to sell their car and disconnect their cable because Obamacare is forcing them to pay an extra healthcare deductible in 2014. If not for Obamacare, the couple said that their $5,000 deductible would expire next April, after their […]
A young married couple recently told me they’re trying to figure out how to make less money so they can qualify for a subsidy in order to make the Affordable Care Act “affordable” for them. Around the same time, and half a continent away, the San Francisco Chronicle published a story that reveals many middle-class Americans are awakening to the same dilemma.
Legitimate revolution takes time, patience and fortitude. Unfortunately, this is a strategic concept that is lost on many Americans today who suffer from a now common ailment of attention deficit disorder and an obsession with immediate gratification. Even many who have their hearts in the right place and who work to defend and resurrect our nation’s founding ideals seem to believe that any action to defeat corrupt oligarchy must be effective immediately, otherwise, it’s not worth the attempt. History, of course, teaches us the opposite.
The news that Janet Yellen was nominated to become the next Chairman of the Board of Governors of the Federal Reserve System was greeted with joy by financial markets and the financial press. Wall Street saw Yellen’s nomination as a harbinger of continued easy money. Contrast this with the hand-wringing that took place when Larry […]