In 2008, many banks were deemed “too big to fail,” and government (taxpayers) bailed them out. Since then, bankers and bureaucrats have insisted the money keep flowing.
Well, the Republican leadership has done it again. In the battle over government spending, they waved the white flag of unconditional surrender.
It’s the “defining challenge of our time,” declared President Obama, referring to income inequality in the American economy.
The raising of the debt ceiling might just prove costly to the Republican establishment in November.
No one can blame a person if he starts out in life poor, because how one starts out is not his fault. If he stays poor, he is to blame because it is his fault. Avoiding long-term poverty is not rocket science. First, graduate from high school. Second, get married before you have children, and stay married. Third, work at any kind of job, even one that starts out paying the minimum wage. And finally, avoid engaging in criminal behavior.
The Discovery Channel's Dirty Jobs host Mike Rowe recently gave his Facebook fans a lesson in free market economics.
The United Nations self-styled “Human Rights” apparatus is under fire yet again after one of its “experts,” a Brazilian socialist, issued a report suggesting that efforts to control ballooning welfare spending in the United Kingdom were a supposed “human rights” violation. According to the UN, authorities in the UK must build more and better taxpayer-funded housing to comply with supposed “obligations” under so-called “international law.”
Congressional Budget Office director Douglas Elmendorf testfied before the House Budget Committee on February 5 stating that ObamaCare provides a "disincentive for people to work."
During his deposition in front of Detroit's bankruptcy judge, financial manager Kevyn Orr revealed how a couple of banks and an insurance company broke the law by fraudulently funding Detroit's pensions under former Mayor Kwame Kilpatrick.