A nonpartisan perspective on the legitimate use of power
Earlier in our news section, we submitted a piece from Business Insider that analyzed a story from Fox News. They were giddy of Romney’s tax and spending plan. Here are the actual quotes from the analysis:
By Peter Schiff
For much of the past few generations, the debate over balancing the federal budget has been a central feature of every presidential campaign. But over time, the goalposts have moved. As the amount of red ink has grown steadily larger, the suggested time frames to restore balance have gotten increasingly longer, while the suggested cuts in government spending have gotten increasingly shallower.
Major Kudos to The Business Insider for posting this link about the oppression organized religion still faces in China. The reporter, Stephen McDonnell from Australia's ABC News, confronts what appears to be government officials that are following his every move. This is when the bizarre happens and the situation goes ballistic. As The Business Insider points out, the rise of Christian in China is a particularly amazing story; where both legal churches and illegal undergrown churches are growing rapidly. The Chinese government is feeling quite threated, as they should. Historically, Christianity has been the conduit for change in governments.
[[wysiwyg_imageupload:2380:]]By Chris Wood
A new war is being waged a war that is not fought with guns, missiles, or human soldiers, but with code in cyberspace, using computers and the Internet. It's a war on all fronts by governments against governments, governments against corporations, organized crime and insiders against both, and even individuals against other individuals (which is more often dubbed cybercrime, but that's not a necessary distinction for our purposes).
[[wysiwyg_imageupload:2373:]]By Ron Paul
The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit. As of this month, our "official" national debt- which doesn't include the staggering future payments promised to Social Security and Medicare beneficiaries- stands at $14.2 trillion.
[[wysiwyg_imageupload:2288:]]By Ron Paul
Last week marked an important milestone in the war on terrorism for our country. Osama bin Laden applauded the 9/11 attacks. Such deliberate killing of innocent lives deserved retaliation. It is good that bin Laden is dead and justice is served. The way in which he was finally captured and killed shows that targeted retribution is far superior to wars of aggression and nation-building. In 2001 I supported giving the president the authority to pursue those responsible for the vicious 9/11 attacks. However, misusing that authority to pursue nation-building and remaking the Middle East was cynical and dangerous, as the past ten years have proven.
[[wysiwyg_imageupload:2208:]]By Ron Paul
Last week the financial markets were roiled by Standard & Poor's announcement that they will change their outlook on the fiscal health of the United States over the next two years from "stable" to "negative". The administration decried this decision as political. However, it seems the only political thing about this decision is the fact that it took so long. The Washington Post recently reported that the White House and the Treasury Department put tremendous pressure on S&P not to do this. However, if S&P made its ratings based on political pressures rather than economic reality, it would cease to have any relevance to the business community. Even if S&P delayed its announcement that U.S. government bond market would be downgraded, at some point it would become obvious that the finances of this country are out of control and our leadership is out of touch. All credibility would be lost if S&P simply continued to assign U.S. debt a AAA rating.
[[wysiwyg_imageupload:2199:]]The people of Sandy Springs grew tired of being taxed up the yin yang while having no say on how local tax dollars were spent. They split from their previous county, and used private industry to doing everything that we expect municipal governments to do: pick up trash, pave streets, maintain parks, etc...What did they find? Private industry has maintained the same services at half the cost!
Since they reincorporated as their own city, Sandy Springs has been able to run with no increase in taxes, and the city is flush with cash. Within the past five years, four other smaller cities in Georgia are following the lead of Sandy Springs. Let's put the public unions on notice.
[[wysiwyg_imageupload:2182:]]By Michael Pento
In the same vein as medieval physicians believed bloodletting would cure illness, modern snake-oil economists still perilously cling to their claim that rising wages and salaries are the cause of inflation. With my recent debates with these mainstream economists, I've heard the following: "without rising wages, where does the money come from to push prices higher?" I was tempted to respond, "where do the employers get the money to pay those higher wages?" But economists tend to get a little nasty when you make them feel stupid.
