The Antidote for Socialism

Wall Street Journal – Last year I wrote that the enactment of ObamaCare meant ‘the Europeanization of America is coming to pass, for individual choice and opportunity are being replaced by statism.’ That law is transferring 17% of our national economy from the marketplace to full control and regulation by the federal government.

Obama's Debt-Ceiling Scare Tactics

The Wall Street Journal — NCPA Senior Fellow and former Medicare Trustee Thomas R. Saving says it’s not accurate for the Administration to threaten that the Social Security “coffers” will be empty by August third if Congress fails to act by then on the debt ceiling.

Can This Economy Be Saved?

The Wall Street Journal – America’s economy is in the doldrums again. Economic growth is weak—just 1.8% a year in the last quarter. Government spending is increasing—to a projected 25.3% of gross domestic product this year from 20.7% in 2008—while revenues are down to 14.4% of GDP from 17.5% in 2008.

A Brief History of the Gold Standard

Congress established a mint in 1792 and defined the dollar in terms of a specific weight in both gold and silver. This put the new republic on a bimetallic standard, common at the time. Initially, the official ratio of gold to silver at the mint overvalued gold relative to silver, so silver became the de facto standard.

Time to Choose

America is now facing the most difficult governmental choices since the end of World War II, 66 years ago. Back then our debt as a percentage of gross domestic product had just exceeded 100%. In about a decade it will exceed that again, and if we continue our current economic policies the Congressional Budget Office projects it will approach 800% in another 66 years.

Walker’s Next Battle to Create Jobs

Examiner.com – Governor Walker campaigned on creating 250,000 jobs for Wisconsin during his first term. He got his Budget Repair bill passed. While it is still being fought in the courts he is gearing up for his next battle. The bill will make it through the courts and will cut costs as public employee unions can no longer collectively bargain for anything but wages.