Wednesday, January 20, 2010
Will the Market Rise or Fall? | Richard W. Rahn | Cato Institute: Commentary
Will the Market Rise or Fall? | Richard W. Rahn | Cato Institute: Commentary: "For the past 100 years, there has been an inverse relationship between changes in the size of government and the growth or decline in the stock market."
Health Care: Now's the Hard Part | Michael D. Tanner | Cato Institute: Commentary
Health Care: Now's the Hard Part | Michael D. Tanner | Cato Institute: Commentary: "It's important to remember that the House bill passed with just three votes to spare and the Senate bill received exactly the 60 votes needed for passage. Democratic leaders have little room to maneuver as they try to resolve such issues as: The Public Option ... Taxes ... Abortion ... mandates ... special favors"
WORLD Magazine | True compassion? | Cal Thomas | Jan 19, 10
WORLD Magazine | True compassion? | Cal Thomas | Jan 19, 10: "Boxes were placed at entrances, inviting donations to the Federation of Virginia Food Banks. There were several references to the earthquake in Haiti and calls for donations to relief efforts there.
McDonnell is not a stereotypical Republican. Should he be labeled a truly compassionate conservative? The Wednesday before his inauguration, McDonnell joined volunteers at the Central Virginia Foodbank and packed food for the needy. The next day, he visited Carpenter’s Shelter in Alexandria, a homeless shelter in Northern Virginia, and then Henrico County’s Regional Jail East in New Kent County. Such places are not known for harboring pro-Republican sentiment."
McDonnell is not a stereotypical Republican. Should he be labeled a truly compassionate conservative? The Wednesday before his inauguration, McDonnell joined volunteers at the Central Virginia Foodbank and packed food for the needy. The next day, he visited Carpenter’s Shelter in Alexandria, a homeless shelter in Northern Virginia, and then Henrico County’s Regional Jail East in New Kent County. Such places are not known for harboring pro-Republican sentiment."
Friday, January 15, 2010
Releasing Convicts Early… � State Representative Kitty Rhoades
Releasing Convicts Early… State Representative Kitty Rhoades: "“I would argue there is no price-tag to our families’ safety,” said Rhoades"
Everyone does put a price tag on their safety but choosing how much money, time, extra they are willing to spend on safety.
Everyone does put a price tag on their safety but choosing how much money, time, extra they are willing to spend on safety.
Thursday, January 14, 2010
How to Improve the Culture - Jeffrey A. Tucker - Mises Institute
How to Improve the Culture - Jeffrey A. Tucker - Mises Institute: "In one year, thanks to one entrepreneur with a vision and the dedication to carry it out, the local culture is massively and dramatically improved — the old world and its high standards carried on toward the future. I looked back at my previous despair with embarrassment. It turns out that there was nothing inevitable about cultural decline. All it takes is one person to make the change."
Who's To Blame for the Massive Deficit? | Daniel J. Mitchell | Cato Institute: Commentary
Who's To Blame for the Massive Deficit? | Daniel J. Mitchell | Cato Institute: Commentary: "The 2009 fiscal year began Oct. 1, 2008, nearly four months before Obama took office. The budget for the entire fiscal year was largely set in place while President Bush was in the White House."
"What about the so-called stimulus, they will ask, with its $787 billion price tag? Or the omnibus fiscal-year 2009 appropriations bill? And how about Cash for Clunkers and Obama's expansion of the children's health insurance program? Didn't these all boost spending in 2009?
The answer is yes. But these boondoggles amounted to just a tiny percentage of FY2009 spending — about $140 billion out of a $3.5 trillion budget — as the pie chart nearby illustrates."
"This is where Obama's critics should be directing their attention. Big government won't work any better for Obama than it did for Bush. America's fiscal problem is excessive government spending, and deficits are merely a symptom of that underlying disease. If Obama wants to rejuvenate the economy, he should abandon the Bush policies of big government and interventionism and instead go with free market policies that actually work."
"What about the so-called stimulus, they will ask, with its $787 billion price tag? Or the omnibus fiscal-year 2009 appropriations bill? And how about Cash for Clunkers and Obama's expansion of the children's health insurance program? Didn't these all boost spending in 2009?
The answer is yes. But these boondoggles amounted to just a tiny percentage of FY2009 spending — about $140 billion out of a $3.5 trillion budget — as the pie chart nearby illustrates."
"This is where Obama's critics should be directing their attention. Big government won't work any better for Obama than it did for Bush. America's fiscal problem is excessive government spending, and deficits are merely a symptom of that underlying disease. If Obama wants to rejuvenate the economy, he should abandon the Bush policies of big government and interventionism and instead go with free market policies that actually work."
In Defense of Senate 'Obstructionism' | Gene Healy | Cato Institute: Commentary
In Defense of Senate 'Obstructionism' | Gene Healy | Cato Institute: Commentary: "Liberals are screaming bloody murder about Republican obstructionism. But thank God for obstructionism, and the Senate rules facilitating it -- because the longer this debate goes on, the less Americans like what the Dems are trying to sell them.
No wonder Senate Majority Leader Harry Reid, D-Nev., is desperate to force a vote before senators go home: As CBS's Nancy Cordes put it, he otherwise runs 'the risk that any Democrats change their minds over the holidays or get swayed by all those tea party protests.'"
"Yet when Coburn asked that each senator certify that he or she has read and understands the bill, Sen. Max Baucus, D-Mont., objected: 'I cannot certify that members of the Senate will understand what they're reading' (!)."
No wonder Senate Majority Leader Harry Reid, D-Nev., is desperate to force a vote before senators go home: As CBS's Nancy Cordes put it, he otherwise runs 'the risk that any Democrats change their minds over the holidays or get swayed by all those tea party protests.'"
"Yet when Coburn asked that each senator certify that he or she has read and understands the bill, Sen. Max Baucus, D-Mont., objected: 'I cannot certify that members of the Senate will understand what they're reading' (!)."
Charters Hold Key to Saving State Big Education Dollars | Andrew J. Coulson | Cato Institute: Commentary
Charters Hold Key to Saving State Big Education Dollars | Andrew J. Coulson | Cato Institute: Commentary: "Based on the latest (2006-07) figures, the average charter school in Michigan spends $2,000 less in state and local tax dollars per pupil than the average district school. So the savings from a district-to-charter student exodus would add up to $3.5 billion annually. To put that in perspective, it would erase Michigan's recent $2.8 billion state budget shortfall and still allow for a $700 million across-the-board tax cut.
And the benefits of migrating completely to charter schools would go beyond the financial. One of the key concerns voiced by parents in response to Gov. Jennifer Granholm's spending cuts is that they will lead to larger class sizes. But Michigan's charter schools not only spend 20 percent less than district schools, they also have 20 percent fewer pupils per teacher."
And the benefits of migrating completely to charter schools would go beyond the financial. One of the key concerns voiced by parents in response to Gov. Jennifer Granholm's spending cuts is that they will lead to larger class sizes. But Michigan's charter schools not only spend 20 percent less than district schools, they also have 20 percent fewer pupils per teacher."
Obama vs. the Banks | Gerald P. O'Driscoll Jr. | Cato Institute: Commentary
Obama vs. the Banks | Gerald P. O'Driscoll Jr. | Cato Institute: Commentary: "Wall Street fat cats are always a convenient political target, but bankers are responding to the incentives generated by the economic policies of the Treasury and the Federal Reserve. First and foremost is the Fed's policy of near-zero interest rates.
What this means is that banks can raise short-term money at very low interest rates and buy safe, 10-year Treasury bonds at around 3.5%. The Bernanke Fed has promised to maintain its policy for 'an extended period.' That translates into an extended opportunity for banks to engage in this interest-rate arbitrage.
Why would a banker take on traditional loans, which even in good times come with some risk of loss?"
What this means is that banks can raise short-term money at very low interest rates and buy safe, 10-year Treasury bonds at around 3.5%. The Bernanke Fed has promised to maintain its policy for 'an extended period.' That translates into an extended opportunity for banks to engage in this interest-rate arbitrage.
Why would a banker take on traditional loans, which even in good times come with some risk of loss?"
Leave Lieberman Alone | Alan Reynolds | Cato Institute: Commentary
Leave Lieberman Alone | Alan Reynolds | Cato Institute: Commentary: "In reality, John Brodniak's situation has nothing to do with Sen. Lieberman's objection to a government-run 'public option.' Mr. Brodniak already has a public option — namely, Medicaid. His real problem, Kristof reveals, is that 'he hasn't been able to find a doctor who will accept him as a patient for surgery, apparently because the [Medicaid] reimbursements are so low.' Brain surgeons are scarce, and you get what you pay for. Medicaid won't pay, so John won't get one.
Ironically, Congressional Democrats plan to shove at least another 13 million more victims into Medicaid — the same dangerous scheme that threatens John Brodniak's life."
"The CBO prediction of government-run plan beset with high premiums, a thin list of providers and few customers makes good economic sense. But that also makes it politically unlikely to be the final outcome. Such a failed experiment would be so embarrassing for its architects (Congressional Democrats) that they would surely rush to provide endless and escalating 'emergency' subsidies to disguise the blunder."
Ironically, Congressional Democrats plan to shove at least another 13 million more victims into Medicaid — the same dangerous scheme that threatens John Brodniak's life."
"The CBO prediction of government-run plan beset with high premiums, a thin list of providers and few customers makes good economic sense. But that also makes it politically unlikely to be the final outcome. Such a failed experiment would be so embarrassing for its architects (Congressional Democrats) that they would surely rush to provide endless and escalating 'emergency' subsidies to disguise the blunder."
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