What is happening in Wisconsin, California, New Jersey, Illinois, et al — and in Washington, D.C. — should remind educated people of nothing less that the economic crisis of Weimar Germany, when governments captured by public sector workers and the apparatus of Bismarck’s redistributive state led to massive fiscal irresponsibility — and a choice between . . . → Read More: AMERICA’S WEIMAR MOMENT
PBS’s Paul Solman on the midterm elections.
Forty year old Congressman Paul Ryan is set to lead the House Budget Committee when the GOP takes control in January.
Hayek fan and tea-party favorite Justin Amash wins Michigan-3 in a landslide. Amash is 30 years old, holds a B.A. in economics from the U. of Michigan, and a law degree from the same university.
Richard Ebeling looks at the race toward serfdom in America in the wake of the Bush / Obama train wreck.
From Robert Samuelson:
In theory, expanding public welfare could offset eroding private welfare. President Obama’s health-care proposal reflects that logic. The trouble is that the public sector also faces enormous cost pressures, driven by an aging population and rising health costs. The Congressional Budget Office projects the federal debt will double as a share of . . . → Read More: america=fail: A Must Read on America’s Future
Tony Blankley looks at America’s fiscal future and rightly concludes something has got to give.
I’ll open it up. Where is America headed?
A doubling or tripling of tax rates?
A 1960s & 1970s style “British disease”?
A national “reawakening” and revolt against the union & socialist controlled interventionist state?
An economic death . . . → Read More: america rip: A Look at the Numbers — The Coming Collapse of America