I believe in the free speech that liberals used to believe in, the economic freedom that conservatives used to believe in, and the personal freedom that America used to believe in.
The Cato Institute fact-checks last night’s Presidential address:
The Cato Institute has launched a new site, DownsizingGovernment.org, committed to cutting waste from the federal budget:
The research on the site also exposes that many public outlays—though vigorously defended by the politicians who created them and the constituencies they purport to help—are remarkably ineffective at achieving their core aims.
“Some people have lofty visions about how [...]
The Club for Growth calls his thinking backwards and alleges that he’s enabling more and more spending, Don Surber just calls him daft, but Ron Paul has an argument in favor of earmarks that does make sense:
NEIL CAVUTO, HOST: Speaking of a lot of money, the battle about the money they’re spending on Capitol Hill [...]
H/T: Bearing Drift
Today’s Washington Post laments the fact that tough economic times, and changing communications patterns, are leading to tough times at the U.S. Postal Service:
Things are looking bleak for the U.S. Postal Service.
It projects that it will deliver 9 billion — that’s with a “b” — fewer pieces of mail in fiscal year 2008 than it [...]
If you thought it ended with the bailout deal, boy were you wrong.
Now, the Bush Administration is exploring ways to come to the aid of Chrysler and General Motors:
WASHINGTON — The Bush administration is examining a range of options for providing emergency financial help to spur a merger between General Motors and Chrysler, according to [...]
The vultures have already started claiming their piece of the $ 700 bailout package:
WASHINGTON (AP) – The bailout is now the hottest lobbying game in town.
Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.
The betting is that many [...]
The federal budget deficit has ended the fiscal year with another record:
WASHINGTON (Bloomberg) — The federal budget deficit rose to $455 billion in the fiscal year that ended Sept. 30 as financial market strains slowed economic growth while spending rose the most since 1990.
By comparison, the deficit a year earlier was $162 billion, while the [...]
In a front-page story, the Washington Post speculates that the current financial crisis, and the Bush Administration’s response to it, signal the end to “American capitalism;”
The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism.
Since the 1930s, U.S. banks were the flagships of American economic might, and emulation by other nations [...]
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