The best thing Illinois Governor Pat Quinn had to say in his State of the State address on February 1 was that the legislature needs to face its “rendezvous with reality.” Under a newly enacted state law the budget process must now begin with estimated revenues rather than just a list of “needs and wants” and then craft a budget around that number.

Washington, D.C. raked in more than $885 million from President Obama’s economic stimulus package, but the D.C. government cannot report how many jobs it actually generated for its residents. A large majority of the money has been spent, but according to an analysis by the Washington Times, data released by government officials reveal that the city doled out hundreds of millions of federal dollars while effecting no favorable change in the city’s unemployment rate, which ranks among the worst in the country.

 

Allen Stanford, former chairman of the Stanford Financial Group of Companies, was convicted on Tuesday on 13 counts of fraud, conspiracy, obstructing justice, violating U.S. securities laws — for operating a Ponzi scheme. Sentencing is scheduled for June, which could result in Stanford remaining behind bars for at least another 20 years.

Thursday afternoon, Senator Rand Paul (R-Kentucky) tweeted a very important message to advocates of limited government.  @SenRand Paul: Today, I unveiled my FY2013 budget proposal. My plan dramatically reduces spending and balances the budget in 5 years.
 
 

To purportedly tame the progressive rise in gas prices, President Obama visited a North Carolina truck manufacturer on Wednesday to unveil a new $1 billion plan to advocate electric and alternative vehicles through consumer incentives and federal grants for states.
 
 

Sometimes secularism sounds legitimate.  One of the more thoughtful arguments used by proponents of a secular state, or of a state that mandates the removal of all religious and moral speech and symbols from public life, is Frenchman Frederic Bastiat's 1840 classic treatise, The Law.
 
 

As part of the 2009 federal “stimulus” law, the Detroit Department of Human Services (DHS) received an $11 million grant courtesy of U.S. taxpayers. Of that money, $148,000 was spent on providing business attire for low-income job seekers — all two of them.

 

The Obama administration continues to deflect blame over soaring gas prices, and conservatives and congressional Republicans have been quick to excoriate the President for his costly environmental measures. President Obama’s energy policies, critics allege, have prompted not only an increasingly heavy burden at the gas pump, but also are shaping a progressive rise in Americans’ electric bills.

 

Load sixteen tons, and what do you get? Another day older and deeper in debt… ” — Tennessee Ernie Ford
 
 

As scrutiny of the Federal Reserve System and public outrage over its actions continue to build, lawmakers on both sides of the aisle are working on proposals that would supposedly rein in the Fed or at least change the way it operates. And a new measure aims to tackle some of the issues head on.
 
 

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