Fifteen trillion dollars: That’s how much American taxpayers have forked over in the name of helping the poor since 1964. And what do we have to show for it? A poverty rate that has barely budged, an entrenched bureaucracy, and a population — like that of Greece and Portugal, two welfare-state basket cases — increasingly dependent on government handouts.
Last July, Barack Obama told his favorite Hispanic group, the National Council of La Raza, that he knew “some people want me to bypass Congress and change the laws on my own.” He admitted that the idea was “very tempting.” Then he added, “But that’s not how — that’s not how our system works.”
Since this is an election year, we can expect to hear a lot of words — and the meaning of those words is not always clear. So it may be helpful to have a glossary of political terms. Such political terms include "fairness," "racism," "compassion," "mean-spirited," "greedy," and "the hungry." What do politicians means by these terms? Why are these terms so useful politically?
With the 2012 political season heating up, many people are calling for a ban on the SuperPacs created in the wake of the 2010 Supreme Court Citizens United decision. A few on the left have even called for a constitutional amendment to ban corporations from making political advertisements, for fear that corporations have come to dominate elections in the United States.
Presumed GOP presidential nominee Mitt Romney recycled establishment Bush-era foreign policy neoconservative apparatchiks June 23-24 in a weekend retreat at the Chateaux at Silver Lake in Park City, Utah, where Romney feted some 800 of his top political contributors. The gathering featured addresses by former Bush administration officials Karl Rove and Condoleezza Rice, and highlights concerns non-interventionists have about what a Romney administration foreign policy would look like.
After 16 months of conspiracy theories directed against the Egyptian military predicting that the "democratic process" would be subverted to keep allies of former President Hosni Mubarak in power, the commission overseeing that nation’s presidential election has declared Muslim Brotherhood candidate Mohamed Morsi the victor.
RIO DE JANEIRO - Communist Chinese diplomat Sha Zukang, in his capacity as Secretary General of the United Nations Rio+20 Conference on Sustainable Development, announced hundreds of “commitments” by governments and businesses on so-called “sustainability” worth more than half a trillion dollars. And incredibly, much of the audience — supposedly unbiased members of the media — applauded in delight.
Best known as the co-author, along with Nobel Prize winning economist Milton Freidman, of A Monetary History of the United States, 1867-1960, Anna Jacobson Schwartz died on Thursday, June 21, in New York City at age 96. A brilliant economist in her own right, she provided the background, the research and so much of the thinking behind the 859-page A Monetary History that Friedman claimed that “Anna did all the work, and I got most of the recognition.”