American taxpayers dole out $80 billion every year to subsidize food stamps for the poor, but are unsure of where and how their hard-earned dollars are being spent. Ranging from candy to potato chips to steak dinners, food stamps can be used to purchase a variety of foods, and are accepted at gas stations, fast-food restaurants, retail stores, and in some areas, even high-scale restaurants.

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.

Outright lies and half-truths are the stock in trade of many politicians and political publications, and such deception is on display in the National Review's coverage of a Romney campaign appearance.

Beneficiaries of the Social Security Disability Insurance (SSDI) program can expect to see their checks cut to 79 percent by 2016, according to the program's trustees.

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.”

 

JBS CEO Art Thompson's video news update for June 25 - July 1, 2012.

Many people may have voted for Barack Obama in 2008 because of his charisma. But anyone familiar with the disastrous track record of charismatic political leaders around the world in the 20th century should have run for the hills when they encountered a politician with charisma.

With the help of 14 writers and seven contributors and researchers, Glenn Beck has burst forth with another book that expresses his unique style: fulminating, ranting, exploding, rollicking, sardonic, eclectic, and intemperate. Beck and friends have written 11 best sellers and seven of them have reached the #1 position on the New York Times best seller list. Cowards will no doubt be number eight.

The President's speech on the economy in Cleveland last week, promoted as "important," was a bust, especially among his most ardent supporters.

 

 JBS CEO Art Thompson's video news update for June 18-24, 2012.

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