When Jean Chretien became prime minister in 1993, Canada faced a fiscal and economic breakdown. The government’s share of the economy had climbed to 53% in 1992, from 28% in 1960. Deficits had tripled as a percentage of gross domestic product over the prior two decades. Government debt was nearly 70% of GDP and growing rapidly. Interest payments on the... Read more
Archive for the ‘American Thought’ Category
How Spending Cuts—Not Higher Taxes—Saved Canada
July 23 | Posted by mrossol | American Thought, Debt, Economics, Liberal Press, ObamaThe End of the Growth Consensus
July 23 | Posted by mrossol | American Thought, Debt, Economics, Party PoliticsBy JOHN B. TAYLOR This month marks the two-year anniversary of the official start of the recovery from the 2007-09 recession. But it’s a recovery in name only: Real gross domestic product growth has averaged only 2.8% per year compared with 7.1% after the most recent deep recession in 1981-82. The growth slowdown this year—to about 1.5% in the second quarter—is... Read more
Apple’s Shock To Corporate Computing
July 20 | Posted by mrossol | American Thought, Technology…both Apple’s iOS and Google’s Android machines are small and nonstandard. They require connectivity. They may not be secure. The greater reality is: They are in offices. They work. People will use them, whether corporate Information Technology managers like it or not. (More…Apple’s Shock To Corporate Computing – Quentin Hardy – At Your Servers – Forbes).
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Lacking Grace
July 17 | Posted by mrossol | American Thought, ReligionShorts, sarong-like wraps, swim trunks, and flip-flops (which some wear year-round) are routine. Unless your church is on a sand dune, these fashions are not only unwelcome but scary to many fellow parishioners. (More… from Laura Ingraham and National Review Online).
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The Scourge of the Faith-Based Paper Dollar
July 16 | Posted by mrossol | American Thought, EconomicsThe Weekend Interview with James Grant: The Scourge of the Faith-Based Paper Dollar – WSJ.com. Kind of guy I like. Sticks to his position, not to where the political winds are blowing. =============== By HOLMAN W. JENKINS, JR. Jim Grant’s father pursued a varied career, including studying the timpani. He even played for a while with the Pittsburgh Symphony. But the day came when... Read more
While My Son Serves in Iraq
July 15 | Posted by mrossol | American Thought, MilitaryAs America celebrates Independence Day this weekend, it’s a good time to think of the men and women serving their country overseas. Kelsey Hubbard talks with WSJ contributor Dave Shiflett as his son is about to be deployed to Iraq. By DAVE SHIFLETT
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