Category Archives: economics
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? Continue reading
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. Continue reading
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. Continue reading
Posted in economics
Tagged deficit spending, economics, federal spending, porkulus, stimulus
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Surrendering sovereignty
While all eyes were on the rantings of Ahmadinejad at the United Nations, the United States — under President Barack Obama — was surrendering its economic sovereignty at the G-20 summit. The result of this conclave, which France’s President Nicolas Sarkozy hailed as “revolutionary,” was that all the nations agreed to coordinate their economic policies and programs and to submit them to the International Monetary Fund (IMF) for comment and approval. While the G-20 nations and the IMF are, for now, only going to use “moral suasion” on those nations found not to be in compliance, talk of sanctions looms on the horizon. Continue reading
Posted in economics, foreign affairs
Tagged economics, fore, foreign policy, imf, obama, sovereignty
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