Here’s what the 1936 government pamphlet on Social Security said: “After the first 3 years — that is to say, beginning in 1940 — you will pay, and your employer will pay, 1.5 cents for each dollar you earn, up to $3,000 a year. …...
POLITICS
Squandering the Surplus on the National Debt
Conservatives and Republicans are ecstatic about the bond buy-back and debt pay-down policy now in effect. This is misplaced joy and a political miscalculation. Every dollar that we use to pay down the debt has an opportunity cost. Each dollar could be used in a...
Hillary Clinton and Al Gore — Relics of the Collectivist Past
As we confront the last election of the 20th century, we seem to have learned remarkably little from the tragic mistakes that have produced catastrophes around the world during this century. The collectivist mentality is still alive and well, despite the economic...
No Cure for Generational Pain
If you thought the public uproar over George W. Bush’s use of an expletive last [month] was big, imagine the national horror he would have provoked if he had said he was against offering any new Medicare benefits for the elderly. Al Gore wants to throw $250...
A is non-A: Gore’s Deceptive Telephone Tax
VICE-PRESIDENT AL GORE, aided and abetted by Jay Rockefeller, D-W.V., and Olympia Snowe, R-Maine, fought for and succeeded in amending the Telecommunications Act of 1996 such that a universal services fund was created to subsidize telecommunications services for...
The Truth About Social Security
Americans, it would seem, have far more attachment to the Social Security system than they have knowledge of it. I say this from observing how easy it is for Democratic politicians to make Americans anxious that Republicans are out to harm the system. That Social...
The Politics of Education
What amazes some media pundits is that Gov. George W. Bush has seized issues that have long belonged to the Democrats, such as education and Social Security. What should be more amazing is that education was ever the Democrats’ issue in the first place. The...
The Million Mom Murmur: Gore Throws Off His Anti-Gun Shoes for Hunting Boots
They came. They roared. They’re being ignored. The top lieutenants of the Million Mom March have been put in their proper place: far back, out of sight, on the margins of national debate and the presidential campaign. Good riddance. Led by Democratic political...
Unlike Gore, Ralph Nader is the Real Thing
In recent years, the Democratic Party has moved to the right. In most respects this has been phony P.R., of course, such as Clinton’s proclamation that “The Era of Big Government Is Over” — with his actions (from the Hillary health plan of 1994...
How Clinton-Gore Helps the OPEC Cartel
We Americans are going to pay through our noses to stay warm this winter, and we can thank our elected and unelected officials in Washington. Let’s analyze the economics of it by starting with an example. Pretend you own a supermarket. What would you want the...
Save Medical Savings Accounts From The Welfare State Firing Squad
Nearly four years ago, Congress established a trial period for Medical Savings Accounts (MSA)–a tax-free savings account from which you pay your medical expenses. On December 31, 2000, unless Congress acts, the MSA program will become extinct. It is now time,...
Another Double Standard By Statists
The justifiable outcry about the irresponsibility of the entertainment industry in feeding young people a steady diet of calloused violence and cheap sex would have more moral standing if it did not also reveal the double standards in the media and in politics. Public...
Budget Surplus Horror Stories: How Clinton-Gore Insults The Taxpayer’s Intelligence
Bill Clinton says that the budget surplus cannot be used to reduce taxes because it would “cost” too much. Just what does that mean? It certainly does not mean that the government would have to give up doing something that it is already doing. The very...
Why Clinton-Gore Did Not Create the Prosperous American Economy
Media pundits seem baffled that Vice President Al Gore is not doing better in the polls, since a prosperous economy is supposed to create voter support for the administration. But the voters may be wiser than the Beltway insiders, by not automatically crediting the...
Why You Shouldn’t Keep an “Open Mind”
“You should keep an ‘open mind.'” If you have ever expressed a definite opinion on anything, you’ve probably heard this popular catch-phrase in response. On college campuses, the “open” mind is considered an unlimited virtue....
The Slide Into Dictatorship
Will the United States disappear on Nov. 7 — not physically, of course, but morally and ethically as a nation of law? Everything would still look the same, but personal rule would supplant the rule of law. We could become what we never before have been — a...
GOP Revolutionaries Head For The Hills
The GOP Revolution of 1994 now seems as quaint and distant a historical event as the American Revolution of 1776. Congressional Republicans pledged “to bring to the House a new majority that will transform the way Congress works.” The Contract With America...
How Democrats Harm the Working Class
Democratic presidential candidate Al Gore promises to fight for the working class. Does this mean that Gore intends to support the privatization of Social Security? Is he going to permit wage earners to acquire family nest eggs in place of retirement benefits paid by...
School Choice Wars
All politicians come out 200 percent in favor of education, especially when an election is coming up. What that usually means is that they are prepared to dump more billions of taxpayer dollars down the bottomless pit of our failing public schools, whether or not that...
The Clinton-Gore Legacy: An Unseen Cancer on the Body Politic
The social chaos seen in other countries such as sabotage, guerilla bands and political assassinations has yet to emerge in our country. Because of that, we Americans have little appreciation and even indifference to the attack on the laws, customs and institutions...
Joseph Lieberman Takes Groveling 101
When Vice President Al Gore announced that Sen. Joseph Lieberman, D-Conn., was his running mate, many people applauded. Lieberman, an honorable man, was seen as a refreshing choice that just might help voters forget the immorality and corruption emblematic of the...
USS Cole Torpedoed by Political Correctness
The USS Cole is a $1 billion high-tech missile warship. But it was no match for a rubber dinghy manned by two Arabs. The explosive-laden dinghy severely damaged the Cole and inflicted 56 casualties (17 dead, 39 injured) on a once proud U.S. Navy. The attack on the...
Al Gore’s Campaign: Desperate and Ugly
As election day approaches, look for Al Gore’s campaign to get both desperate and ugly. Desperate not only because Gore’s lead has vanished and Bush has edged ahead, but desperate also because this is the end of the line for Gore and everything he has...
Greed And Exploitation: Why Tax Cuts Are Not More Popular
Suppose you and I go to a fancy restaurant. Under which scheme would it would be more likely for me to order a $150 bottle of Chateau LaFite Rothschild Bordeaux wine, chateaubriand and a $200 bottle of Chateau d’Yquem to go with our dessert — if...
Social Security — A ‘Risky Scheme’
Many people were amazed when Governor George W. Bush proposed reforming Social Security because Social Security was considered to be “the third rail” of American politics. But Social Security has now reached the point where it is going to give us all a big...
The Party of Maxine Waters
She is one of the most self-serving, hate-filled, race-obsessed politicians in America. The Democratic Party doesn’t just embrace her. It kneels at her feet. Los Angeles Congresswoman Maxine Waters reigned supreme when Democratic vice-presidential candidate Joe...
Death, Wealth, and Taxes
Last [month], President Clinton carried through with his threat to veto bipartisan legislation that would have repealed the federal death tax over the next decade. The death tax makes a trivial contribution to total federal tax revenues of $2 trillion — about...
The Crisis of Anti-Capitalist George Soros
I’ve just recently finished George Soros’ new book, Open Society : The Crisis of Global Capitalism Reconsidered . In this 245-page mini-treatise, the renowned currency speculator and billionaire “guru” calls for more government regulation and...
How Republicans Lost the Economy (By Their Failure To Grasp Supply Side Economics)
George W. Bush might lose this election — not to Al Gore but, paradoxically, to the Reagan Economy. At Willoughby South High School in Ohio, Dick Cheney, the Republican vice presidential nominee, explained why when he declared that the good economy Americans are...
Notes on a West Coast Wilding
There was a fatal beating on the West Coast [a few months] ago. It was the kind of incident that makes the hair on your arms stand up straight. The kind that makes you gasp out loud and double-check the locks on your front door. The kind that makes you wonder why, if...
Black Loyalty
It’s indisputably beyond question that black Americans have a level of loyalty to the Democratic Party and its big-government policies second to none. They connect political power with economic power. But the evidence that I see is that individual application...
Will the Next Administration Lose Britain?
With the demise of the Soviet Union a decade ago, U.S. foreign policy has fallen off the screen. Arab-Israeli conflict is trying to put it back on, but until the latest outbreak of violence in Palestine, the focus of U.S. foreign policy was on Kosovo, a break-away...
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