The End of Fannie Mae: Treasury wants the company phased out but punts on how to do it. > “Our view is that there should be no federal housing guarantee. If Congress wants to subsidize housing for the poor, it ought to do so explicitly through annual appropriations. One lesson—perhaps the most important—of the financial crisis is that broad policy favors for housing hurt every American by misallocating capital and credit. The feds created incentives to pour money into McMansions we didn't need while robbing scarce capital from manufacturing, biotech and other uses that might have created better jobs and led to a more balanced and faster growing economy.”
Our new Jeffersonian Era: Today we are in the midst of a cultural U-turn away from a Hamiltonian meritocratic-elitist, centralized-power society to a more Jeffersonian Main Street focus, with state and local governments as the primary powerbrokers …
Swiss Citizens Stick to their Guns: Switzerland may cherish its neutrality, but under that peaceful exterior lies a citizenry armed to the teeth. And they mean to stay that way: Swiss voters ...
365 Ways to Drive a Liberal Crazy: Praise the down-to-earth, regular Joe qualities of Barack Obama, who claims to remain a huge fan of his old home team the Chicago White Sox. So much so that when interviewed about this enthusiasm in April 2010, he couldn't name anyone who played for the Sox when he was growing up, nor did he know how to pronounce the name of the Sox's famous Comiskey Park.
The White House projected Monday that the federal deficit would spike to $1.65 trillion in the current fiscal year, the largest dollar amount ever.
According to the Treasury Department, interest payments to service the national debt are poised to triple to 3.1 percent of gross domestic product by 2016.
The real estate crash is not over and is now spreading to previously unaffected cities like Minneapolis, Atlanta, and Seattle.
We should be one country, with one God, one Constitution, one body of law, each with one vote, and one language! – John Sykes
"When seconds count, the police are miles & minutes away." ~ John Sykes
“It constantly amazes me that defenders of the free market are expected to offer certainty and perfection while government has only to make promises and express good intentions. Many times, for instance, I’ve heard people say, 'A free market in education is a bad idea because some child somewhere might fall through the cracks,' even though in today's government school, millions of children are falling through the cracks every day.” -- Dr. Lawrence W. Reed
"Fairness does not require the redistribution of wealth; it requires the creation of wealth, geared to an economy that can provide employment for everyone able and willing to work." -- Felix Rohatyn
"No one spends someone else's money as carefully as he spends his own."
-- Mark Skousen
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