Long, but an important read. ============= By NICHOLAS EBERSTADT The American republic has endured for well over two centuries, but over the past 50 years, the apparatus of American governance has undergone a radical transformation. In some basic respects—its scale, its preoccupations, even many of its purposes—the U.S. government today would be scarcely recognizable to Franklin D. Roosevelt, much less to Abraham Lincoln... Read more
Archive for the ‘Economics’ Category
“We Have Lived Beyond Our Means”- Brown
August 31 | Posted by mrossol | Economics, Party Politics, The Left, UnionsUnions howl.. ==== In a long-overdue moment, governor Jerry Brown has finally admitted the obvious, the state’s pension system is broke and California Has “Lived Beyond Our Means”. Unions of course are howling at that obvious admission. California Governor Jerry Brown and lawmakers have reached a deal to raise public employees’ retirement ages, have them pay more into their pension accounts, and cap... Read more
Household Incomes:Negative $4,019
August 25 | Posted by mrossol | Economics, ObamaThe Presidential race is boiling down to one dominant issue: which party’s policies will do more to help the financially stressed American middle class. President Obama’s campaign theme is that Mitt Romney and the Republicans cater to the rich, while Mr. Obama cares about struggling families. He may care, but he sure hasn’t done much for them. New income data from... Read more
Culture and the Wealth of Nations
August 6 | Posted by mrossol | American Thought, Economics, Middle EastCertainly worth reading. And if you don’t agree, share a reason – don’t simply call us “racists”. ============ By RICHARD LANDES Mitt Romney caused a firestorm last week in Jerusalem by commenting on the cultural dimensions of Israeli economic growth. Palestinian spokesman Saeb Erekat, correctly seeing an implied criticism of Palestinian culture, called Mr. Romney a “racist” and complained that Palestinian economic woes... Read more
RomneyCare 2.0
August 6 | Posted by mrossol | Economics, ObamaCare“How’s that “cost savings” working out for Massachusetts? ========== ObamaCare’s illusions are starting to fall like autumn leaves, even among some liberals, and what they’re discovering are things that have happened over and over again in Massachusetts. Beacon Hill “reformed” health care four years before Capitol Hill, and ever since it has reliably predicted the national trend—on surging costs, price controls, physician... Read more
