We’re told that gridlock, procedural holds, partisanship and extreme ideology are preventing members of Congress from working together. While some of this analysis is true — Washington is petty, partisan and shortsighted — few are acknowledging that Congress does enjoy remarkable unity in one critical area: spending beyond our means.
Posts under ‘economics’
Haiti’s deeper tragedy
President Barack Obama called the quake “especially cruel and incomprehensible.” He would be closer to the truth if he had said that the Haitian political and economic climate that make Haitians helpless in the face of natural disasters are “especially cruel and incomprehensible.”
California Dreamin’ (on someone else’s dime)
This past Friday, California Governor Arnold Schwarzenegger called for the federal government to bail out the taxpayers of his state to the tune of some $6.9 billion. We hear daily news stories of governors all over the United States struggling to close similar gaping holes in their states’ budgets. By what rationale is California more deserving than others?
I’ll Pass on ‘Opting Out’
The most important fact about the “opt out” scheme allegedly allowing states to decline government health insurance is that a state can’t “opt out” of paying for it.
49 of 50 States Have Lost Jobs Since Stimulus Enacted
While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs.
