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Leave the printing presses alone! Former Federal Reserve Chairman Alan Greenspan has come out in favor of what no rational person would ever endorse: printing valueless money to cover indebtedness. Here are his exact words: “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” Gee, I can remember when the money maestro said the best way to protect our currency was to back it with gold. I still like that solution.
Media reports indicate that both Democrats and Republicans are scrambling to become sweethearts among growing numbers of Hispanic voters in key electoral States.
Who talked Rick Perry into grabbing the third rail of American politics? In case you don’t recognize the phrase, “the third rail” refers to any criticism of the Social Security system or any suggestions on ways to improve it by anyone running for public office anywhere in the United States. It’s called the third rail because, just like a subway line, touching it usually proves fatal.
A California millionaire on Monday asked President Barack Obama to “please, raise my taxes” at a town-hall meeting. A progressive group, The Agenda Project, has now taken credit for his remarks.
As headlines about the Department of Energy’s (DOE) backing of a now bankrupt solar firm cool down, the department announced on Wednesday that it has finalized about $1 billion in guarantees for two other solar projects.
A Federal judge in Birmingham, Ala., upheld most portions of the State’s highly controversial immigration law on Wednesday. The Department of Justice filed a lawsuit seeking to block the law.
A Marlborough, Mass., airport filed suit against the Federal government on Tuesday alleging that a 2010 visit by President Barack Obama caused $676,048 in damages to the tarmac. The airport’s complaint alleges that the while the President’s helicopter, Marine One, did not cause any damage, the Secret Service negligently damaged the runway with vehicles brought in for Presidential security.
Earlier this week, the U.N. followed up another red-carpet event for Mahmoud Ahmadinejad, evil midget and President of the Islamofascist “Republic” of Iran, with the announcement that it is nearing success in its bid to expand its domain to include the Robert Moses Playground.
The strained relationship between the U.S. and Pakistan has not improved in the recent weeks, as influential religious leaders in the Asian nation have threatened a jihad if Americans attack their country. Pakistani Foreign Minister Hina Rabbani Khar addressed the U.N. General Assembly on Tuesday to detail the situation in the country.
A group of small businesses opposed to the heathcare overhaul that took place in Washington is asking the Supreme Court to strike down the entire law.