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The Hidden State Financial Crisis

May 19 | Posted by mrossol | Economics, Socialism, US Debt

Meredith Whitney: The Hidden State Financial Crisis – WSJ.com. Tips and icebergs… By MEREDITH WHITNEY Next month will be pivotal for most states, as it marks the fiscal year end and is when balanced budgets are due. The states have racked up over $1.8 trillion in taxpayer-supported obligations in large part by underfunding their pension and other post-employment benefits. Yet over the past three years, there still has been a cumulative excess of $400 billion in state budget... Read more

The Constitution and the Debt Ceiling

May 19 | Posted by mrossol | American Thought, US Debt

Rivkin and Casey: The Constitution and the Debt Ceiling – WSJ.com. I keep learning something. By DAVID B. RIVKIN JR. AND LEE CASEY Congressional Republicans debating how to use the government’s debt ceiling to control runaway federal spending should examine one of the Constitution’s relatively obscure clauses: Section Four of the 14th Amendment. This provision, which forbids any default on outstanding federal debt, appears to limit the leverage Congress can exercise in this increasingly frequent showdown with the president.... Read more

David Gratzer: Canada Makes a Right Turn – WSJ.com

May 6 | Posted by mrossol | American Thought, Economics, Socialism

David Gratzer: Canada Makes a Right Turn – WSJ.com. Where are all the analogies about the Canadian health system that we should be dying for? ========== By DAVID GRATZER In the winter of 1997, two Canadian conservatives wrote a stark essay arguing that conservative governance was an unlikely prospect for their country. The governing Liberal Party was the most electorally successful party in the Western world, they noted, and Canada had become “a benign dictatorship.” One of the authors had particular... Read more

Reuel Marc Gerecht: The Slaughter That Could Not Be Ignored – WSJ.com

May 6 | Posted by mrossol | Middle East, Philosophy, Radical Islam

Reuel Marc Gerecht: The Slaughter That Could Not Be Ignored – WSJ.com. The Jihadists keep killing other Muslims. So why is Islam growing? === By REUEL MARC GERECHT Like all fundamentalists, Osama bin Laden was attuned to the past. When his speeches weren’t about the economic decline of America, they recalled Islam’s classical age, especially the rise of the Prophet Muhammad through the Rashidun (“rightly-guided”) period, which ended in 661. Bin Laden saw himself as an Islamic Martin Luther: a... Read more

Abandoned Military History

May 1 | Posted by mrossol | American Thought

Peter Berkowitz: Our Elite Schools Have Abandoned Military History – WSJ.com. The study of war elucidates some of mankind’s noblest virtues and bitterest vices. So why do colleges seem afraid of it? By PETER BERKOWITZ The Union’s victory in the Civil War, whose opening shots were fired by Confederate forces 150 years ago this month, established that the United States, which had been conceived in liberty, would endure as a nation dedicated to the proposition that all men are ... Read more

When Unions Get Desperate

April 15 | Posted by mrossol | Economics

When Unions Get Desperate – WSJ.com. By ALLYSIA FINLEY There haven’t been any major earthquakes or wildfires in California recently, but teachers apparently think that the potential budget cuts to education merit a “State of Emergency Week.” The California Teachers Association, the state’s largest teachers union, is planning a week of activities in May. The goal is to pressure Democratic Gov. Jerry Brown and the state legislature to raise taxes rather than cut education spending. Earlier this week the... Read more

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