Monday, June 25, 2012

Cut The Federal Budget By Killing Republican Sacred Cows | Doug Bandow | Cato Institute: Commentary

Cut The Federal Budget By Killing Republican Sacred Cows | Doug Bandow | Cato Institute: Commentary: "Republicans are posturing as the party of fiscal responsibility, but they continue to protect their sacred cows. Unless the GOP is willing to slash corporate welfare and cut unnecessary military outlays, Republicans don't deserve to be taken seriously when they talk about fiscal responsibility."


"Today the national debt is $15.7 trillion—almost a 50 percent increase since January 20, 2009, when President Barack Obama took office."

"according to the CBO, the debt to GDP number is "only" 73.2 percent. It averaged 37 percent over the last 40 years."

"The Ex-Im Bank extends taxpayer-backed loans, loan guarantees and insurance to the clients of some of America's largest corporations, all of which have access to private financing."

Ohio Merits a Seat on the Fed | Mark A. Calabria | Cato Institute: Commentary

Ohio Merits a Seat on the Fed | Mark A. Calabria | Cato Institute: Commentary: "Section 10 of the Federal Reserve Act requires that, in regard to members of the board, "not more than one of whom shall be selected from any one Federal Reserve district," "

"Jeremy Stein and Jerome Powell were recently sworn in as members of the Board of Gov ernors of the Federal Reserve System. According to his paperwork, submitted to the Senate, Professor Stein is from Massachusetts. Current Fed governor Dan Turullo is also from Massachusetts. Mr. Powell is from Maryland, as is current governor Sarah Bloom Raskin."

How well to legal protections work? Only as well as people are willing to follow them.

The Looming Reversal of Centralization - Gary North - Mises Daily

The Looming Reversal of Centralization - Gary North - Mises Daily: "For four decades, soft-core critics of the pension/Medicare systems have come to voters with this announcement: "The two systems can be reformed, but we must act now. If we delay, they will bankrupt the government." Yet the systems are never reformed."

A Religious Fire Bell in the Night | Doug Bandow | Cato Institute: Commentary

A Religious Fire Bell in the Night | Doug Bandow | Cato Institute: Commentary: "Many of America's biggest security threats emanate from its nominal allies, such as Pakistan and Saudi Arabia. Without them neither the Taliban nor al Qaeda would have been nearly so strong."

JFK airport evacuated after TSA agent's metal detector found to be unplugged | Fox News

JFK airport evacuated after TSA agent's metal detector found to be unplugged | Fox News: ""How can you expect the public to feel confident of the mission of the TSA if they don't even know if the lights are turned on?""

Phoenix boy, 14, shoots armed intruder while watching three younger siblings | Fox News

Phoenix boy, 14, shoots armed intruder while watching three younger siblings | Fox News: "the teen heard a bang on the door, rushed his siblings upstairs and got a handgun from his parent's bedroom. When he got to the top of the stairs, he saw a man breaking through the front door and point a gun at him.

The boy shot the 37-year-old man, who is in critical condition but expected to survive and be booked into jail."