America’s Roman Catholic bishops have joined other Christian and conservative voices in rejecting President Obama’s “compromise” on his earlier announced mandate requiring all employers — including most religious institutions — to include free contraception to women in their health insurance coverage.
Having spent time at the past two CPAC conventions as an exhibitor with The John Birch Society, and having had the Society officially disinvited to attend in 2012, some thoughts about the latest right-wing beauty contest seem appropriate. But first, some reminiscences about our presence at two previous gatherings are worthy of space.
The United Nations may be able to seize an opportunity — presented by mass resistance against the “carbon tax” on air travel imposed by the European Union — to extract global taxes from airline passengers, with claims that failure to adopt a worldwide taxation regime under the UN International Civil Aviation Organization (ICAO) could result in a “trade war.”
“If you make more than $1 million a year, you should not pay less than 30 percent in taxes,” asserted President Obama in his State of the Union speech. For those with predominantly investment income, that would effectively double their capital gains tax rate from the current 15 percent rate, producing a triple negative impact on U.S. economic growth and job creation by reducing the incentive for domestic investment, increasing the incentive to move more jobs and capital overseas, and directly reducing the amount of capital available in the private sector by way of greater transfers of income to the government.
The report from The New York Times on Wednesday about the foreclosure settlement reached between five big banks and 49 states’ attorneys general made it appear that justice was being served. The $26 billion to be paid out to some 2 million homeowners (former and current) “could provide relief” to them under the terms of the settlement. It would also remove a cloud of uncertainty from the banks’ liability and might help in “halting the housing market’s downward slide.”
A new report published by the World Bank has come to a spellbinding conclusion: High government spending and large public sectors substantially diminish economic growth. In fact, a slew of establishment economists and organizations have come to a similar conclusion. Daniel J. Mitchell, senior fellow at the Cato Institute, explained in a recent article that the era of socialism is over, and the field of economics is migrating toward a more laissez-faire ideology, where governmental authority is weakened and economies become more privatized.
The dictionary defines “boondoggle” as: “work or activity that is wasteful or pointless but gives the appearance of having value.” And President Obama's Common Core Standards education boondoggle is going to cost billions of dollars, which everyone involved — educators, administrators, career counselors, assorted federal bureaucrats, textbook writers, and textbook publishers — will be more than happy to rake in.
If President Obama is reelected in 2012, he would unlawfully seek to infringe upon the God-given right to keep and bear arms enshrined in the Second Amendment to the U.S. Constitution, warned National Rifle Association (NRA) executive vice president Wayne LaPierre on Friday.
Western governments and the notorious al-Qaeda terror network have teamed up to bring down the relatively secular dictatorship of Bashar al-Assad in Syria, eerily reminiscent of the “regime change” operation in Libya supported by both NATO and a broad coalition of well-known Islamic terrorists on the ground.
Well, he didn’t make Time magazine’s “Person of the Year.” But Warren Buffett did make the cover of the magazine last month. The picture showed him smiling an impish grin. The article inside explained why.