Three of the four remaining candidates for the Republican presidential nomination have spoken out against planned reductions in future defense spending. Both former Massachusetts Gov. Mitt Romney and former House Speaker Newt Gingrich have urged President Barack Obama to prevent the sequestering of $600 billion from the defense budget over the next 10 years as required by last summer’s debt ceiling deal. Former Pennsylvania Sen. Rick Santorum stated categorically that he “would absolutely not cut one penny out of military spending.”
President Obama’s 2013 budget and proposed tax increases have been construed as a direct assault on the wealthy Republican class. But according to past election analyses, and despite the prevailing notion that America’s wealthy overwhelmingly oppose progressive taxation, the President may in fact be targeting his own base.
The U.S. unemployment rate jumped in February from 8.3 percent to 9.0 percent, according to Gallup. Gallup’s numbers are highly correlated to the same reports from the Bureau of Labor Statistics (BLS). The differences between the two are very slight: Gallup calls people age 18 and up; the BLS calls people age 16 and up. Gallup polls 30,000 people every month; the BLS polls 60,000. Gallup makes those calls continuously throughout the month; the BLS calls during one week in the middle of the month. Gallup’s numbers aren’t seasonally adjusted; the BLS numbers are.
Following a 13-hour marathon session on Monday, eurozone ministers announced an agreement to loan Greece another $170 billion, which saves the banks while punishing private investors and damaging Greek national sovereignty.
A question arises from the recent controversy between President Obama and the Catholic Church that aches for an answer: If Catholic institutions have a right to abstain from paying for what morally offends them, why don't the rest of us?
Members of the European Parliament (MEPs) have started to ask questions about why taxpayers in the European Union (EU) are being forced to finance a giant homosexual lobbying group with past links to organizations promoting pedophilia. Gay and lesbian activists responded to the concerns by unleashing a wave of attacks.
Last Friday marked the third-year anniversary of President Obama’s $787-billion economic "stimulus" law — and it scored a rather grim milestone: The unemployment rate held steady above eight percent for 36 months, the longest period since World War II. In fact, according to the Bureau of Labor Statistics, the current 8.3-percent unemployment rate is precisely where it stood three years ago when the legislation, called the American Recovery and Reinvestment Act (ARRA), was signed into law. The previous record for above-8-percent unemployment was 27 months, which transpired in the early 1980s.
As part of its Tribal Energy Program, the U.S. Department of Energy is providing $6.5 million to various American Indian tribes for “clean energy” projects — everything from solar and wind power to fireplaces and wood-burning stoves. This being government, however, the majority of the money will not be spent on actual projects but on studies to determine if projects are even feasible.
California has probably produced more educational failures than any other state in the union. Why? Well, let’s be blunt. They have the stupidest educators and politicians in the country. And this has been going on for a long time. Back in 1988, when Bill Honig, then-School Superintendent of California, and Francie Alexander, the state’s curriculum director, chose only whole-language reading programs for the state’s public schools, we knew that a literacy disaster was in store for the Golden State.
It is fascinating to see people accusing others of things that they themselves are doing, especially when their own sins are worse. Academics love to say that businesses are not paying enough to people who work for them. But where in business are there people who are paid absolutely nothing for strenuous work that involves risks to their health?