Many of our present economic difficulties, while blamed by politicians on freedom and markets, are in fact the long-run effects of government policies emphasizing short-run, visible benefits that mask hidden or delayed costs. In particular, our economic woes reflect government’s reliance on coercion, whose harmful effects expand over time, in contrast to voluntary cooperation, whose beneficial effects expand over time.
The President gave a speech on August 22 in Buffalo outlining his proposal to “reform” the student loan program. He acknowledged that the program has some problems, but assured the audience they are easily fixed. Just take the principles behind Obamacare and apply them to education.
The Internal Revenue Service theft squad issued its final rules on the Obamacare individual mandate Tuesday. They reveal that the whole thing is a bait and switch to benefit a few crony corporations and transfer wealth from the people, as we have told you from the beginning.
Why pay taxes when the government can use you – and your personal information – as a cash cow? By selling data about individuals to marketing companies – and who has more data on people than the government? – the state can profit handsomely. And government doesn’t need to inform you about what’s going on, nor does it need your permission.
The leader of a motorist advocacy group in Maryland is suing two municipalities for failing to provide information about how they authorized a speed limit change on a local road, and then hired a private company to operate a speed camera and collect ticket revenue from drivers.
House Democrats are demanding that the government’s ability to spy on American citizens be immediately throttled in the wake of ongoing reports of the National Security Agency’s unConstitutional collection of thousands of electronic communications between innocent Americans. They believe the executive branch is guilty of vast abuses of the surveillance power granted in the name of fighting terror.
President Barack Obama announced a plan Thursday to deploy a program that rewards or punishes American colleges and universities based on how they’re rated under a new Federal assessment system his Administration is devising. And opportunity, not academics, is the new measuring stick.
Welfare benefits outpace the amount of money a person can earn at a full-time minimum-wage job in 35 States, according to a study released this week by the Cato Institute. In 13 States, welfare even pays the equivalent of $15 an hour. And it’s all tax-free.
President Barack Obama announced last week a list of Americans who would receive the Medal of Freedom, the highest honor bestowed to a civilian. The group included the late Democratic Senator from Hawaii, Daniel Inouye, and Oprah Winfrey.
The Senate Homeland Security and Government Affairs Committee set the wheels in motion this week for a comprehensive review of how it plans to clamp down on virtual currencies like Bitcoin.