Government Shutdown? If Only!

  Well, time for a phony government shutdown.  I say phony because all essential, and many non-essential, functions of government will keep ticking away.  The media will be filled with pictures of the Statue of Liberty being shut down and commentators

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Not An April Fools’ Day Joke, But It Should Be

  Obama has no shame: The President has proclaimed the month of April National Financial Capability Month. What is National Financial Capability Month? It’s the federal government helping individuals and families make more accurate budgets.

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Illinois Taught Obama All He Knows About Governing

    Well, the Land of Lincoln, and the home state of the South Side Messiah, has another distinction:     The Land of Lincoln now has the worst credit rating of any state in the nation: llinois’ credit rating

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The Actual Fiscal Cliff

  Well the so-called Fiscal Cliff was avoided through the mechanism that I predicted back in November:   What will happen I suspect is that the fiscal cliff will be avoided through taxes increasing on “the rich”, that will produce

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I am Shocked! Shocked!

In the Age of Obama, California under Governor Moonbeam is a reliable predictor of where the nation is headed:  Bankruptcy. On Tuesday, California released a report that revealed state tax revenues have plummeted even further below Gov. Jerry Brown’s (D)

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Of Trillion Dollar Coins and Fiscal Lunacy

The idea of minting trillion-dollar platinum coins has been a lunatic nostrum of the wacked out left for about a year.  Today Brad Plumer on the wonk blog at the Washington Post looks at this scam: Enter the platinum coins. Thanks

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Obamanomics: Trillions for Nothing

    Another fine, and timely, econ 101 video from the Center for Freedom and Prosperity.  When future historians write the history of the Obama administration, and what a sad farce that tale will consist of, I think they will stand

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Watch Illinois…And Do The Reverse

My beloved State of Illinois is a shining example of what not to do if a state wishes to be prosperous, cursed as it is with probably the worst state government in the Union.  George Will sums up the state of

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Financing Government Out of Thin Air

  In 2011 the Fed purchased 61%  of all debt issued by the Treasury Department. The Federal Reserve is propping up the entire U.S. economy by buying 61 percent of the government debt issued by the Treasury Department, a trend

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Why Illinois Is Bankrupt

  ,   My beloved state of Illinois has a terrible economy, and a shrinking tax base but that is apparently no problem for the bi-partisan pirates who have been plundering the Land of Lincoln for decades: When Republican state Rep. Roger

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The Obama Record: The Debt

  The second in my ongoing series on the Obama record as President, the first part of which may be read here,  leading up to the election in November.  Few things show more graphically the disaster of the Obama presidency

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Demography, Contraception and Fiscal Melt Down

   It should be the highest ambition of every American to extend his views beyond himself, and to bear in mind that his conduct will not only affect himself, his country, and his immediate posterity; but that its influence may

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Shooting the Messenger

    As intensely frustrated as I get at the idiocy frequently shown by government here in the US, for truly high handed over the top governmental lunacy we can rarely compete with the Europeans: This week alone has seen a

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Rand Paul Gets It

I have never been a fan of Ron Paul, to say the least, but I am rapidly becoming a fan of his son. Yesterday the Senate in a 44-56 vote rejected the House proposal to cut 57 billion from the

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Government and Economic Health

Another fine econ 101 video from the Center for Freedom and Prosperity.  The day after we learned that the Federal debt now equals the annual size of the US economy seems like an appropriate time to watch the above video. 

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Night of the Living Government!

In keeping with the mini-Zombie theme I have started here at TAC, we have the above Klavan on the Culture episode from 2009.  Hmmm, Zombies as metaphor for out of control government spending.  Actually I do not think it is apt. 

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$13 Trillion of Debt…Nothing to Show For It

Recently a Senator made the following statement: “We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.” What right wing Republican made that statement?  Well actually

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California Nightmaring

In a remarkably good article here at newgeography, Joel Kotkin details how California has been transformed from the Golden State to the state most likely to go bankrupt.  He sums up his argument as follows: What went so wrong? The

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Illinois is Broke

Long time readers of this blog know that I reside in the Land of Lincoln.  Illinois now has the distinction of perhaps being in the worst fiscal mess of any state in the Union, as this recent article by Josh

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Being Broke Can Sometimes Cure Stupidity

One of the few good things about hard economic times is that it affords us an excellent opportunity to regret the money that was wasted in good economic times (That timeshare in Honolulu sounded so good!) and also requires us, through

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Are We All Greeks Now?

Hattip to Ed Morrissey at Hot Air.  Another fine econ 101 video from the Center for Freedom and Prosperity.   Government debt is rapidly becoming the major issue of our time, both here and abroad.  The welfare states erected throughout the world

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Why the Fiscal Lunacy?

One of my favorite living historians is Victor Davis Hanson.  I have read every book he has written and most of his articles.  Trained as a classicist and historian of antiquity, he has written on a broad range of topics, from the hoplites of

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Fiscal Health Care Reform: The Publics Option

Nancy Pelosi, Harry Reid, and Barack Obama continue to spend, spend, spend away money we don’t have.  With the public option now firmly established in the current Senate version of the health care bill, Election 2010 comes to mind. Kick

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Spending Spree

  Hattip to Instapundit.  John Steele Gordon has a first rate article here detailing how we landed in the debt morass our nation is now bogged down in.    His last sentence is a completely accurate assessment of our options: ” Only necessity

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Concord Coalition: 14.4 Trillion Dollar Deficit

In this earlier post I reported that the Obama administration is predicting a 9 trillion dollar deficit over the next ten years.  Now, the non-partisan Concord Coalition is predicting here a 14. 4 trillion dollar deficit over the next 10

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Remember that 7 trillion deficit? Make that 9 trillion.

As Obama goes on vacation, the Administration saw fit late Friday afternoon to release the news that the projected deficit was going up over the next ten years from 7 trillion to 9 trillion.  No doubt the Congressional Budget Office

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Government Funded Health Care Open Thread

In light of Zach’s stellar posting which generated over 240 comments ranging from anarchism to Oscar Romero and which inspired a posting by Michael Denton.  These comments, although informative to a certain extent, may have detracted from the original intent

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"Federal Budget on an Unsustainable Path"

As regular readers of this blog know, I have been sounding the tocsin regarding government spending since the Bailout Swindle of 2008.  Here is one of my posts in which I list other posts I have written on the subject.

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California R.I.P.

As California continues on a course that may well end in bankruptcy, the indispensable Iowahawk decides to give us a sneak peek of the future California funeral here.  Any relation between California’s funeral and the funeral of a pop singer

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Here's to You Mr. Jefferson

With apologies to Simon & Garfunkel.  Hattip to Smitty at the other McCain.  A parody song dreamed up by Mike Church.  If the Founding Fathers could see the fix we are in today with government spending, I am sure it

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You Mean Running Up Trillions in New Debt May Not Be Good Politics?

The Washington Post reported Sunday here, hattip to Instapundit, that the White House is getting nervous about the political fallout from the unprecedented spend-and-borrow binge upon which  Obama has placed the country. “Results from a Gallup survey released last week show that

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