You may have thought that the latest offering from the White House on the birth certificate controversy would have put to rest the questions surrounding the location of our President’s birth. You’d be mistaken.
The latest thing that’s come up is that the White House circulated a Certificate of Live Birth that was a forgery as truth—up until the point that it was identified as such.
I have to say I’m frustrated. I think that I would have preferred if the Republicans had just let the ceiling stand. And I’m not simply talking about the fact that the Dow and S&P are plunging, I’m talking about a matter of principle. We’ve chosen to spend more than we take in, and going further in debt won’t solve that problem.
Government is worse than a kid in a candy store. When times are good, government spends more. When times are bad, government spends more. And even most of the spending cuts that are in this latest law are scheduled to take place later, not now.
How would this work if this were an average family? It wouldn’t.
You know what really gets me going—the political theater that’s going on in Washington right now. For weeks I’ve been mulling over this thing, and I’ve come to a few conclusions.
Two Presidential candidates have come out to say that God has called them to run for the White House in 2012—Gov. Rick Perry and Rep. Michele Bachmann. Doesn’t this present a problem?
How do you plan on paying off this one?
The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.
National Public Radio was created to get the news heard. It helped get radio stations in small towns. It provided programming with public dollars so that you could hear what was going on in the world.
And today, it’s no more than a liberal mouthpiece that continues to use public money to pay its executives large salaries.
And Juan Williams, formerly of NPR, has joined the chorus of those that want to take away that funding:
Is cutting spending what led us into the Great Depression? Certain economists would like us to think so. The problem is, that idea runs counter to reality:
From 1924 to 1928 Uncle Sam’s real per-capita spending fell by 4.3 percent. But this spending rose significantly during Hoover’s term in the White House. From 1928 to 1929 real per-capita spending rose by 4.7 percent; from 1929-30 by 8.0 percent; from 1930-31 by 17.2 percent; and from 1931-32 by 15.8 percent. (This spending rose by another 28.4 percent from 1932-33.) The overall increase in real per-capita spending from 1928 to 1932 was a whopping 53.5 percent. Real per-capita spending excluding outlays for defense and interest on government debt increased during Hoover’s years in office even more dramatically, skyrocketing by 130 percent. [Economist Don Broudreaux – HT Say Anything]
