Conservatives oppose tax increases because they're bad for the economy--and our economy is bad enough already.
As long as marijuana is illegal in the rest of the country, legalizing it in Colorado can only serve to make Colorado more attractive to international criminal organizations.
So Social Security is "sound" if you reduce benefits, increase taxes, and offer benefits to fewer people. Sounds like a typical "green jobs" investment.
Of course the reality is simply that the media is once again hyping a non-existent recovery. The news isn't that the housing market is doing well or recovering but rather that the media is trying to spin generally bad data into good news just weeks ahead of a presidential election.
Every time I see a report about "new home construction" showing signs of improvement, I'm not excited. I'm frightened. We have an oversupply of homes and we're building more. This can't end well.
This is a commitment by the Federal Reserve to an open-ended, unlimited QE3--to the tune of $40 billion per month--until they push the economic string long enough to tighten it.
Liberals believe that, under normal circumstances, the government should spend a lot of money right along side the private sector. When an economic slump hits the private sector, they believe the government should spend even more, or the economy will suffer.
In fact, the air conditioning industry is currently profiting from the arrogance and stupidity of the global warming industry.
A recent global warming propaganda "study" says that meteorological and climate events over the last few years are so statistically rare that they must be man-made global warming. Translation: Global warming has been debunked by science.
The right way to implement austerity is to reduce spending to fit within revenues without raising taxes, and to do it before the country is the subject to rising interest rates and talk of bailouts.
Though apparently this ruling puts some limits on the commerce clause, the limit is so far in left field as to be useless in a practical sense.
In the several short days since Facebook went public and its stock value tanked, people are asking themselves, "What went wrong?" One compelling explanation relates to some of Zuckerberg's comments in recent SEC filings.
Unemployment is still in excess of 8% even with the government's goofy math. Real unemployment exceeds 14%. Millions of Americans have been out of work for record lengths of time. Hundreds of billions of fiscal stimulus and trillions of dollars in printed money have failed to revive the economy.
Though things have often appeared calm, the truth is that nothing has changed.
As the government has become increasingly involved, tuition rates at colleges and universities have skyrocketed. It has been deemed that “investing in our children” and graduating as many students as possible from universities is in the national interest.
The obvious take-away from this is that Europe is trying to get a handle on its problems by taking a stab at fiscal conservatism: The German/French proposal appears to emphasize reducing deficits and, perhaps, efforts at balanced budgets in member countries.
We may very well see an appeal to pool the debt of Europe and the United States together into a joint liability spanning our two continents.
Translation for the perplexed analysts: The Federal Reserve will be virtually the only entity buying long-term (20 and 30-year) debt from the U.S. Government through mid-2012. This is most likely because even though the government would like to extend its debt for two or three decades, not many investors are willing to trust the government with their money for three decades.
The only change since September 2008 is that things have gotten worse. Our federal government is closer to bankruptcy, as are many of our states, counties, and cities.
We simply cannot continue to act like nothing is wrong. We have very big problems--most of them structural--that have formed over the course of decades and, unfortunately, we no longer have the luxury of fixing them with small adjustments over decades. We have just years to fix them, maybe less. The co-chairs of Obama's deficit commission back then stated we probably have less than two years.
Moody's Puts Puerto Rico on Downgrade to Junk Review Citing Very High Debt, Pension Obligations, Chronic Deficits; Exodus Underway | Mike Shedlock