All of official Washington and their media lapdogs are shaking in fear of the so-called “fiscal cliff” that is looming January 1, counseling that the economy needs to continue its wild trillion-dollar deficit spending habits into the indefinite future.

One of the best indicators of a state’s economic health, according to John Merline, writing in Investor’s Business Daily, is the “U-Haul Index” (first publicized by economist Mark Perry) to see what people are paying to move into, or out of, the state. Renting a 20-foot truck one way from San Francisco to San Antonio, Texas, for example, costs $1,693. Going in the other direction, however, costs only $983 for the same truck.

Here’s President Obama in August 2009 regarding the link between tax increases, recessions, and business growth: “The last thing you want to do is raise taxes in the middle of a recession because that would just suck up — take more demand out of the economy and put business in a further hole.”

The U.S. attorney who busted a stock trader in the "most lucrative insider-trading scheme ever charged" might do well to investigate the Halls of Congress to find even more lucrative schemes.

In the new and beautifully animated six-minute film I, Pencil, the Competitive Enterprise Institute (CEI) has brought to life Leonard Read’s I, Pencil, one of the classic essays of free-market thought in the 20th century.

The United Food and Commercial Workers (UFCW) union has threatened 1,000 protests against Walmart on Black Friday, while the giant retailer has filed a complaint against such actions by the union with the National Labor Relations Board (NLRB).

Killing the goose that lays the golden egg is one of those old fairy tales for children which has a heavy message that a lot of adults should listen to. The labor unions which have driven the makers of Twinkies into bankruptcy, potentially destroying 18,500 jobs, could have learned a lot from that old children's fairy tale.

President Obama's Treasury Secretary Timothy Geithner has embraced the “Buzz Lightyear” debt strategy to overcome the fiscal crisis known as the “fiscal cliff”: to infinity and beyond. Geithner told host Al Hunt on Bloomberg TV's Political Capital on November 16 that he favors elimination of the statutory debt limit.

At a JBS Council Dinner in 1974, founder Robert Welch accurately predicted the U.S. approach to the fiscal cliff.

A Spanish theater owner is protesting the VAT increase on his tickets to 21 percent by offering carrots for sale, which are subject only to a VAT of 4 percent, and giving purchasers free admission.

JBS Facebook JBS Twitter JBS YouTube JBS RSS Feed