Category: Economy

"Mullen: National Debt is a Security Threat"

August 27, 2010 by Richard E. Coleson

"The national debt is the single biggest threat to national security, according to Adm. Mike Mullen, chairman of the Joint Chiefs of Staff. Tax payers will be paying around $600 billion in interest on the national debt by 2012 . . . 'That’s one year’s worth of defense budget,' he said . . . ."

"Big News," or Not

August 27, 2010 by ZacKester

[T]he most important Supreme Court decision in 1935 was not Schechter Poultry, which is what most experts on this period say, but the Gold Clause Cases.

"Banks back switch to renminbi for trade"

August 27, 2010 by Richard E. Coleson

"A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China."

"Cutbacks force police to curtail calls for some crimes"

August 25, 2010 by Richard E. Coleson

"Budget cuts are forcing police around the country to stop responding to fraud, burglary and theft calls as officers focus limited resources on violent crime." Seems government is being forced to abandon the fundamental things that government should be doing because it is doing too many things it should not be doing. Limited government is required if government is going to be able to do the fundamentals.

"Obama's failed stimulus program cost more than the Iraq war"

August 24, 2010 by Richard E. Coleson

"[S]ome handy facts to recall during coming weeks as Obama and his congressional Democratic buddies get more desperate to put the blame for their spending policies on Bush and the war in Iraq."

"Why Jews are Deserting Obama and the Democrats"

August 23, 2010 by Richard E. Coleson

"One little-noticed trend that speaks volumes: the decline in Democratic Party identification and support for Barack Obama from American Jews, once among their most reliable and enthusiastic backers."

"China Favors Euro Over Dollar as Bernanke Alters Path"

August 17, 2010 by Richard E. Coleson

"China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S."