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Bankers Love War Because It Creates Massive Profits

Washington’s Blog War Makes Banks Rich Bankers are often the driving force behind war. After all, the banking system is founded upon the counter-intuitive but indisputable fact that banks create loans first, and then create deposits later. In other words, virtually all money is actually created as debt. For example, in a hearing held on September 30, 1941 […] Continue reading →

CBO on Obama budget: Higher deficits than claimed

 A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama’s budget request would mean significantly larger budget deficits than the White House claims. CBO says the budget plan proposed last month by Obama would produce deficits of $6.6 trillion over the next 10 years — $1.6 trillion more than the White […] Continue reading →

Slaves Kept More Of Income Than Americans Do Today

Floyd Brown  Will Rogers famously said, “Be thankful we’re not getting all the government we’re paying for.” Like most Americans, Rogers understood that it isn’t cheap to live in the United States. And he wasn’t talking about the cost of living… He was talking about the cost of government. Today, Americans spend more of their […] Continue reading →

Republican budget proposes deep cuts in domestic programs

 Representative Paul Ryan, the leading Republican voice on budget policy, rolled out a new fiscal blueprint on Tuesday that calls for deep cuts in domestic programs, increased defense spending and a goal of erasing annual deficits in 10 years. Ryan’s budget, called the “Path to Prosperity,” has almost no chance of passing the Democratic-controlled Senate […] Continue reading →

Prospect of millions of Americans awake and questioning government is worrisome for the state

Cass Sunstein: Truth is a Disease  In his latest foray in defense of the many lies of the state, former Obama administration bureaucrat Cass Sunstein compares disbelief to a destructive contagion. He insists there is a “close relationship between conspiracy theories and social networks, especially close-knit or isolated ones” and after a particular “belief begins […] Continue reading →

When a Child is King, No Peace and No Prosperity

John Ransom Weekly unemployment claims came in about as expected, which is good news considering our expectations for this economy are so low. “In the week ending March 15,” says the Department of Labor, “the advance figure for seasonally adjusted initial claims was 320,000, an increase of 5,000 from the previous week’s unrevised figure of […] Continue reading →

Democrats are making income inequality worse

George Will  Someone who is determined to disbelieve something can manage to disregard an Everest of evidence for it. So Barack Obama will not temper his enthusiasm for increased equality with lucidity about the government’s role in exacerbating inequality. In the movie “Animal House,” Otter, incensed by the expulsion of his fraternity, says: “I think […] Continue reading →

Even Under GOP Control, Congress Signals Unwillingness to Stop Spending

Christine Harbin Hanson, Actions speak louder than words, and Congress’ actions over 113th session demonstrate a bipartisan unwillingness to get runaway federal spending under control. An early indication was Congress’s actions on the Hurricane Sandy bill, a bloated, $50 billion pork-barrel spending bill that was ostensibly intended to help northeastern states recover from the storm. […] Continue reading →

Federal government’s fiscal deterioration almost 5 times official deficit

Dustin Siggins  In Fiscal Year 2013, the official federal deficit was $680 billion. Liberals have cheered this drop while subsequently ignoring how this deficit is both larger than all of Bush’s pre-recession deficits and is expected to grow dramatically over the next several decades. However, the Treasury Department’s annual report on the finances of the […] Continue reading →