Friday, October 15, 2010

Little Bang for the Buck | Michael D. Tanner | Cato Institute: Commentary

Little Bang for the Buck | Michael D. Tanner | Cato Institute: Commentary: "All together, the federal government spent more than $591 billion in 2009 on means-tested or anti-poverty programs, and will undoubtedly spend even more this year. That amounts to $14,849 for every poor man, woman and child in America. Given that the poverty line is just $10,830, we could have mailed every poor person in America a check big enough to lift them out of poverty — and still saved mone"

Farmer's daughter disarms terrorist and shoots him dead with AK47

Farmer's daughter disarms terrorist and shoots him dead with AK47 - Telegraph: "His daughter was hiding under a bed when she heard him crying as the gunmen thrashed him with sticks. According to police, she ran towards her father’s attacker and struck him with an axe. As he collapsed, she snatched his AK47 and shot him dead.
She also shot and wounded another militant as he made his escape."

The Case for a 'Repeal Amendment' | Randy Barnett and William J. Howell | Cato Institute: Commentary

The Case for a 'Repeal Amendment' | Randy Barnett and William J. Howell | Cato Institute: Commentary: "Its text is simple:

'Any provision of law or regulation of the United States may be repealed by the several states, and such repeal shall be effective when the legislatures of two-thirds of the several states approve resolutions for this purpose that particularly describe the same provision or provisions of law or regulation to be repealed.'"

"it allows thousands of democratically elected representatives outside the Beltway to check the will of 535 elected representatives in Washington, D.C.

Congress could re-enact a repealed measure if it really feels that two-thirds of state legislatures are out of touch with popular sentiment. And congressional re-enactment would require merely a simple majority. In effect, with repeal power the states could force Congress to take a second look at a controversial law."

Thursday, October 14, 2010

With Presidential Drones, Who Needs Judges? | Nat Hentoff | Cato Institute: Commentary

With Presidential Drones, Who Needs Judges? | Nat Hentoff | Cato Institute: Commentary: "This case concerns the executive's asserted authority to carry out 'targeted killings' of U.S. citizens suspected of terrorism far from any field of armed conflict."

"Individuals, including U.S. citizens, are added to the ("kill") lists based on executive determinations that secret criteria have been satisfied. Executive officials (Leon Panetta and Robert Gates as well) are invested with sweeping authority to impose extrajudicial death sentences in violation of the Constitution and international law."

'A Nation of Dodos' | Michael D. Tanner | Cato Institute: Commentary

'A Nation of Dodos' | Michael D. Tanner | Cato Institute: Commentary: "But the liberal contempt for voters that is bubbling to the surface this year is actually reflective of something much more significant. The reality is that much of contemporary liberal policy is based on the idea that Americans are just too dumb or too venal to be allowed to make decisions about their own lives. They must instead rely on a benevolent, all-knowing government to make those decisions for them.

The new health-care law provides a prime example. Should people be able to decide whether or what kind of health insurance they buy? Of course not. They need to be coerced into buying the health-insurance plan that the government thinks is best. If you leave decisions about treatment up to patients and doctors, they will either go untreated or waste valuable resources. That is why the government needs to inject itself, substituting its judgment for that of doctors and patients."

Don't Blame High-Frequency Trading | Alan Reynolds | Cato Institute: Commentary

Don't Blame High-Frequency Trading | Alan Reynolds | Cato Institute: Commentary: "By pushing interest rates so ridiculously low on Treasury bills and bonds, the Federal Reserve is subsidizing HFT and other questionable investment strategies at the expense of prudent savers who are being denied any positive real return on safe and liquid assets."

Friday, October 08, 2010

ObamaCare Extortion | Michael D. Tanner | Cato Institute: Commentary

ObamaCare Extortion | Michael D. Tanner | Cato Institute: Commentary: "Faced with the fact that the new health-care law was driving up insurance premiums, Health and Human Service Secretary Kathleen Sebelius warned that the administration would have 'zero tolerance' for anyone who blamed them for those price hikes.

Insurance companies that persist in telling the truth could face dire consequences. 'We will not stand idly by as insurers blame their premium hikes ... on the requirement that they provide consumers with basic protections,' she wrote in a letter to the insurance industries' trade association."

Gun Training Report #59 Gun Control Has Killed 170 Million People

Gun Training Report #59 Gun Control Has Killed 170 Million People: "“If we can save just ONE life by getting guns off the street, then it is worth passing stricter gun control…”

Well, the next time you hear that from anybody, I want you to respond with: “Over 170 million people would disagree with you… if they could. You can't talk with them, because they are dead! They were killed by their own governments after strict gun control disarmed them.”"

Gun Training Report #60 40,000 Lives Lost Per Year Must Be Worth It...

Gun Training Report #60 40,000 Lives Lost Per Year Must Be Worth It...: "If we are going allow 40,000 people every year to die in automobile accidents, just so that we can drive to the supermarket, manage our two hour commute to and from work, or enjoy a nice Sunday drive down the coast, shouldn't we be willing to accept SIGNIFICANTLY FEWER deaths related to gunfire in exchange for the ability to protect ourselves, our loved ones, our community, and our country?"

IMF warns countries against currency wars - FoxNews.com

IMF warns countries against currency wars - FoxNews.com: "He says it would be a major mistake for countries to unfairly depress the value of their currencies to boost their exports"

Depressing a currency hurts the citizens of that country because it causes imports to be more expensive and therefore increases the cost of living. IMF acts as if depressing a currency only helps a country. :-/