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Growth of Dependency on Government Threatens Future of American Democracy

March 5, 2010 by Publius

The Heritage Foundation offers their latest Index of Dependence on Government. The news should be setting off alarm bells about the future of our country.

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Holding Spendthrifts Responsible

March 1, 2010 by Publius

Greece, on the verge of an impending financial meltdown, isn't going down without a fight. Their Prime Minister, George Papandreou, has tried to shift the blame away from his own country, and on to the EU countries that have created a "psychology of looming collapse." Nevermind that Greece's budget deficit is nearly 13% of the GDP of the country, or that public debt is sitting at 110%. Read more »

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Bluest States Spilling the Most Red Ink

March 1, 2010 by Publius

Want to know the current status of your state's finances? Might want to start with whether a majority of residents identify with the Republican or Democrat party. Of the five states in the worst financial conditiion (Illinois, New York, Connecticut, California, and New Jersey), all are overwhelmingly Democrat.

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"America, the fragile empire"

March 1, 2010 by Richard E. Coleson

"Here today, gone tomorrow -- could the United States fall that fast?" . . . "[E]mpires behave like all complex adaptive systems. They function in apparent equilibrium for some unknowable period. And then, quite abruptly, they collapse. Washington, you have been warned."

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Report Shows Government's Liabilities Surging

March 1, 2010 by Publius

The latest report issued by the Treasury Department shows the federal deficit surging to a record $11.46 trillion deficit, and with the Obama administration showing little restraint with respect to spending, that number is likely to grow significantly higher in 2010.

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Obama Rejects Attackers' Cries of "Socialism"

February 26, 2010 by Publius

President Obama said at a Business Roundtable event that "Contrary to the claims of some of my critics, I am an ardent believer in the free market."

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CBO Report was Stacked to Show Stimulus Created Jobs

February 25, 2010 by Publius

The National Review Online has a post that explains the faulty assumptions here.

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"Poll shows concern about American influence waning as China's grows"

February 25, 2010 by Richard E. Coleson

"Facing high unemployment and a difficult economy, most Americans think the United States will have a smaller role in the world economy in the coming years, and many believe that while the 20th century may have been the "American Century," the 21st century will belong to China. "

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"Concerns grow over China's sale of US bonds"

February 24, 2010 by Richard E. Coleson

"Evidence is mounting that Chinese sales of US Treasury bonds over recent months are intended as a warning shot to Washington over escalating political disputes rather than being part of a routine portfolio shift as thought at first."

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Jobs Bill Advances with Help from Brown

February 23, 2010 by Publius

Ah yes, the celebrated Republican from Massachusetts...among the five Republicans that helped the Democrats close debate on the new jobs bill.

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Credit Card Law Creates New Traps for Consumers

February 23, 2010 by Publius

The new law took effect Monday. Fox News explains how it creates new traps for consumers.

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Toyota: Democrats "Not Industry Friendly"

February 23, 2010 by Publius

The document, calling the change in administration one of Toyota's main challenges, may play a prominent role as Toyota faces questions from a Congressional committee later this week. Should be interesting to see how this plays out, with the U.S. government owning one of Toyota's major competitiors.

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Carbon Trading - The Next "Bubble"

February 23, 2010 by Publius

Well, we had the housing bubble. It created the current recession (depression?). Now, xome economists are predicting that carbon trading is the next "bubble." I'm not sure our economy can handle another bursting bubble.

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San Fran Library Hires Social Worker for Homeless

February 23, 2010 by Publius

Last time I checked, a library was a place for books. San Francisco is turning it into a place to deliver social services.

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Are the Democrats Coming After Your Savings?

February 23, 2010 by Publius

This author suggests that the Democrats might be looking to nationalize private retirement accounts, following the lead of Argentina.

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Stimulus Actually RAISED Unemployment

February 23, 2010 by Publius

Ah, nevermind that, lets pass another one. It is almost as if the Democrats are like a washed up poker player. too proud to cut their losses and go home, they are going for broke. We all know how it turns out when you go double-or-nothing.

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Palin Has Created More Jobs than Obama

February 23, 2010 by Publius

This according to Ann Coulter, in a speech a the CPAC conference over the weekend.

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Democrat Governors Want Jobs Bill and More

February 23, 2010 by Publius

Well, they are well on their way to the jobs bill, as the Senate voted yesterday to advance the bill, ending debate with support of five Republicans (Brown (MA), Snowe (ME), Collins (ME), Voinovich (OH), Bond (MO)).

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Deal with Feds Encouraging Foreclosures?

February 20, 2010 by Publius

Two California real estate entrepreneurs claim that a deal worked out between the FDIC and investors that bought out a troubled bank encourages home foreclosures rather than loan modifications that would allow homeowners to maintain ownership of their property.

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Taxpayers on Hook for $1 Trillion in Retiree Benefits?

February 20, 2010 by Publius

Taxpayers could be in for a rude awakening. As states continue to struggle to reign in their budgets, it appears that years of unfunded pension payments are finally starting to catch up with them. According to a recent report, taxpayers could be on the hook for as much as $1.3 trillion in unfunded pension and health care plans for retirees.

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