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Glenn Reynolds responded to Bruce Bartlett taking down his silly notion about defaulting on the federal debt by declaiming that, “Bruce, I’m not trying to turn the United States into Zimbabwe. That would be the guy in the White House, whom you seem surprisingly anxious to defend.”
Reynolds’ response is rich since Bartlett said nothing about [...]
Filed under: Conservatism, Economics
They are called the PIGS — Portugal, Ireland, Greece, Spain. What they have in common is that all are facing deficits and debts that could bring on national defaults and break up the European Union.
What brought the PIGS to the edge of the abyss?
All are neo-socialist states that provide welfare for poor people, [...]
“It’s time to stop worrying about the deficit — and start panicking about the debt,” the Washington Post editorial began. “The fiscal situation was serious before the recession. It is now dire.”
The editorial continued:
“In the space of a single fiscal year, 2009, the debt soared from 41 percent of the gross domestic [...]
At last week’s Job Summit, there was talk of a second stimulus package, of tax credits for small businesses that hire new workers, of an Infrastructure Bank to select national priority public works projects like the Hoover Dam and TVA of yesteryear.
But no one, it seems, advanced the one obvious idea that would have the [...]
Filed under: Economics, Immigration
For some reason, Andrew Sullivan linked to this tripe from Blake Hurst about industrial farming without further comment. Hurst is a foe of agribusiness critics such as Michael Pollanand the film, Food, Inc. But he has no arguments other than saying that cheap is good. Cheap is good so long as the cost aren’t exported [...]
Filed under: Economics, environment
Last Thursday’s event at the New America Foundation on the “rural brain drain” billed itself as examining a “major policy problem that has largely escaped media and political attention.” Indeed, you may get glimpses of this issue from time to time–as we did when media attention was focused on the rural “meth problem” earlier [...]
Filed under: Conservatism, Culture, Economics
September’s unemployment figures were not only disappointing — they were grim. For the 21st straight month, Americans lost jobs. Fifteen million are out of work — 5 million for more than six months.
But as the Washington Times asserts, “America’s jobless crisis is much worse [...]
Filed under: Economics, Immigration, Politics