Should Not The Government Support The Arts?

Ought the state to support the arts? There is certainly much to be said on both sides of this question. It may be said, in favor of the system of voting supplies for this purpose, that the arts enlarge, elevate, and harmonize the soul of a nation; that they divert it...

Bachmann Quotes

??Liberal humorist Daniel Kurtzman considers the following 10 quotes by Republican presidential candidate Michele Bachmann to be “stupid.” Let’s see how stupid they really are. 1. “I find it interesting that it was back in the 1970s that the...

Sovereign Debt Blows Big Holes in Big Banks

The past few days have been very bad for the world’s largest banks. American behemoths Citigroup and Bank of America are down about 7% each. Across the Atlantic, things are far worse. BNP Paribas, Barclays, and Banco Santander are all down 13% or more… and...

Old School Republicans Won't Cut It

Obama reportedly shoved back from the negotiating table and told Republicans, who won’t agree to his tax and spending increases, that he’s “taking this to the American people.” But the American people want a balanced budget. They don’t...

It Ain’t Money If I Can’t Print It!

I have been forecasting with near certainty that QE2 would not be the end of the Fed’s money-printing program. My suspicions were confirmed in both the Fed minutes on Tuesday and Fed Chairman Ben Bernanke’s semi-annual testimony to Congress yesterday. The...

Washington's Unlimited Credit Card Limit

Most people talk about raising the debt limit as if it’s the self-evidently responsible thing to do. Obama and the Democrats, in particular, keep emphasizing that America must “honor its obligation.” This would be like a long-term heroin addict...

New Jersey as Auschwitz?

SEA ISLE, N.J. — Public-sector employees here now are regularly referring to Gov. Chris Christie as “Adolf Christie.” Things got especially ugly when Christie signed legislation that requires each of the state’s 500,000 teachers, police and...