Tag Archives: Unfunded Liabilities

The Debt Deal – All You Need To Know. And It Isn’t Pretty.

The party is over. The drama ended. So where are we? According to Dan Mitchell of the Cato Institute, only slightly better off than before this deal, but only if you consider how Washington works. In the great scheme of things, we’re not really any better off than before. Here is all you need to [...]

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Drudge Report: FLASHBACK: Every Dem Sen — including Obama — voted against raising debt limit in 2006…But This Misses The Point

The Drudge Report is carrying a link today to the voting record of the United States Senate on the Joint Resolution (H.J.Res.47 ) of March 16, 2006, which was a resolution to increase the debt ceiling. As noted on the Drudge headline and on numerous blogs, the hypocrisy is that all Democrats voted against increasing [...]

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Ethanol Subsidies’ Side Effects: Cynicism

Cynical: cynical |ˈsinikəl| adjective 1 believing that people are motivated by self-interest; distrustful of human sincerity or integrity : her cynical attitude. • doubtful as to whether something will happen or whether it is worthwhile : most residents are cynical about efforts to clean mobsters out of their city. • contemptuous; mocking : he gave [...]

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Strategic Petroleum Reserve Teaches Us Why Washington Won’t Cut Spending.

The Organization of Petroleum Exporting Countries (OPEC) recently concluded its meeting with no agreement on increasing oil production. Most of the oil-producing countries in this cartel opposed raising production in order to stabilize prices and demand; and, most of those countries objecting to increases are enemies of the United States. Saudi Arabia argued for an [...]

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