Archive for May, 2010

“Despite a multitude of member-state economies that differ from each other greatly, Mr. Van Rompuy hopes to lead plans for “economic union” by 2020, yet another upgrade of E.U. powers that was not on the table when the Lisbon Treaty was being pushed through.”… The poor Europeans are getting a taste of big government... »

“Venezuela has become the perfect case study for Ludwig von Mises’s socialist calculation problem — without a price mechanism, the government has been unable to coordinate the distribution of resources in the most economically efficient way, leading to widespread shortages and the destruction of wealth… For example, as a method of paying debt and “stimulating... »

“Although government surveys indicate that Medicare beneficiaries access compares favorably to that of privately insured patients, doctors and patients say thats not always the case.”… Government surveys?  What about private surveys?  Government has an incentive to show that it’s programs are just as good or better than alternatives.  We’ve said this before and we... »

“The US authorities have an entirely different explanation for the failure of stimulus measures to gain full traction. They are opting instead for yet further doses of Keynesian spending, despite warnings from the IMF that the gross public debt of the US will reach 97pc of GDP next year and 110pc by 2015.”… Did... »

“Id rather see a tax on millionaires also. Its about time we stopped paying for everyone else,” said Lionel Nazco of Carlstadt. “Taxing the millionaires sounds great. The only concern I have is the millionaires have the ability to take their money and leave,” added Anton Tsamas of Hackensack. “I dont want to see... »

“There (in the United States), they’ll deport you,” Hector Vázquez, an illegal immigrant from Honduras, said as he rested in a makeshift camp with other migrants under a highway bridge in Tultitlán. “In Mexico they’ll probably let you go, but they’ll beat you up and steal everything you’ve got first.”…I recently heard a radio... »

“During the three-day hearing, the woman’s state-funded lawyers claimed the refusal violated her human rights and amounted to sex discrimination.”… Are you kidding me?? Once the current rendition of health care reform fails, our Federal government will swoop in and “rescue” us by adopting some socialized form such as single payer.  Then we can have wasteful... »

“BP gave the plan a 60 percent to 70 percent chance of halting the leak. Industry experts at the Reuters Global Energy Summit said it is “doable” and has a 50-50 percent chance of working, while playing down concerns of a bigger leak.”… This is politics straight up.  Private sector businesses do not propose... »

“President Barack Obama’s administration on Monday asked a federal judge in Virginia to dismiss the state’s lawsuit alleging Congress overstepped its constitutional bounds with the new health care reform law.”… The fight is on.  This quiet piece of news isn’t showing up in the mainstream.  Why?  Is it not news worthy?  Or are they... »

“The tax increase is part of a larger bill that has grown into a nearly $200 billion grab bag of unfinished business that lawmakers hope to complete before Memorial Day. The key provisions are a one-year extension of about 50 popular tax breaks that expired at the end of last year, and expanded unemployment... »