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Cato @ Liberty
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Social Security Bloviate-fest
By Jagadeesh Gokhale The annual bloviate-fest on Social Security has begun, even before the Social Security Trustees’ report has been released this year. Apparently the report is to be released next week — after a three-month delay from its statutory release deadline of April 1.
There’s concern from groups interested in preserving Social Security that President Obama’s National Commission on [...]
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Even Keynesian Accounting Can’t Find All That ‘Stimulus’
By Alan Reynolds From January 2009 to the present, President Obama and his team have repeatedly made grandiose claims about the economic benefits of shoveling money at shovel-ready projects or green jobs. “It is largely thanks to the Recovery Act that a second Depression is no longer a possibility,” said the President. He also claimed that lavish spending [...]
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Peter Ferrara’s Too-Nice Attack on Phony Washington Budget Deals
By Daniel J. Mitchell Writing in the Wall Street Journal, Peter Ferrara of the Institute for Policy Innovation explains that Washington budget deals don’t work because politicians never follow through on promised spending cuts. This is a very relevant argument, since President Obama’s so-called Deficit Reduction Commission supposedly is considering a deal featuring $3 of spending cuts for every [...]
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Newsflash
WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.
“What a good country or a good squirrel should be doing is stashing away nuts for the winter. The United States is not only not saving nuts, it’s eating the ones left over from the last winter.” WILLIAM H. GROSS
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The hardest thing in the world to understand is the income tax. -- Albert Einstein |
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