RAID COMPLETE-SOCIAL SECURITY IN DEFICIT-MEDICARE INSOLVENT
NO TRUST AND NO FUND
Congress raids the Social Security Trust Fund.
Unions Ambush Taxpayers
Public-employee unions win in Portland, OR
"The Constitution and Freedom"
A Five Part Video Series By Judge Napolitano.
Bank Tax Is Chump Change
Proposed Tax Guarantees Wall Street 4 Trillion $.
DEBATE OF THE CENTURY
"Fear The Boom And Bust" - A Hayek Vs. Keynes Rap Anthem
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 Dr. Larry Blog Posts: February 08, 2010, 02:59 PM The theme of SSI’s website from the beginning has been “Stop the Raid” on the Social Security Trust Fund; No Healthcare Rationing. Today we are changing that theme to reflect new realities: THE RAID COMPLETE; SOCIAL SECURITY IN DEFICIT; MEDICARE INSOLVENT January 27, 2010, 05:59 PM Quite simply, the Fed has inflated the money supply beyond all historical boundaries and kept interest rates at historically low levels but banks are not loaning that money out to businesses and consumers. Instead, they are holding the newly printed money as excess reserves, on which the Fed is paying them interest. Consequently, newly printed money that otherwise would be sloshing around the economy bidding up prices is not putting upward pressure on consumer prices. January 19, 2010, 05:50 PM In his RealClearMarkets blog today, Manhattan Institute fellow Josh Barro suggests it is time to freeze public employee pay. He makes a very good case:
“Since the end of 2006, hourly total compensation (wages plus benefits) has risen 6.5% for private sector workers, essentially keeping pace with inflation. But state and local government workers saw their hourly compensation rise 9.2%... January 18, 2010, 02:59 PM If Senators Bernie Sanders (I-Vt.), Jim Bunning (R-Ky.) and Jim DeMint (R-S.C.), all refuse to remove the holds they have placed on Fed Chairman Ben Bernanke’s reconfirmation vote in the U.S. Senate—which seems almost certain—Majority Leader Harry Reid would be forced to get 60 votes to invoke cloture to bring Bernanke’s nomination to the floor. This sets up an opportunity for Senate Republicans to change themselves first, as I proposed in my recent blogs, before asking the American People to entrust control of the U.S. Congress to them in the upcoming midterm elections in November...
 From The Blog Posts: February 08, 2010, 03:20 PM As the science scandals keep coming, the air has gone out of the climate-change movement
In 2007, the most comprehensive report to date on global warming, issued by the respected United Nations Intergovernmental Panel on Climate Change, made a shocking claim: The Himalayan glaciers could melt away as soon as 2035.
February 04, 2010, 06:16 PM Allan Meltzer wrote a very good essay for the Wall Street Journal on January 27. It dealt with the build-up in the Federal Reserve System's monetary base as a result of its purchases of government debt, especially Fannie Mae and Freddie Mac debt, in the fall of 2008. Its title and subhead tell the story: The Fed's Anti-Inflation Exit Strategy Will Fail
Sooner or later the pressure to lend out excess bank reserves will be unstoppable. February 04, 2010, 06:04 PM In the 1868 case of Texas v. White, 74 U.S. (7 Wall.) 700, a case dealing with the title to some U.S. bonds, the Supreme Court ruled that Texas’, and hence the South’s, attempted secession in 1861 was unconstitutional. But the opinion also contained some wording that might give secessionists a way around White. February 03, 2010, 12:10 PM I do not customarily offer advice to a president whose election I opposed, whose goals I fear, and whose policies I work against. But here is an idea for Barack Obama to salvage his tottering administration by taking a step that protects the United States and its allies.
Will Democrats Morph into the War Party Again?
February 02, 2010, 10:09 AM President Obama is in a dilemma from which there appears to be no easy or early escape.
Democrats are the Party of Government. They feed it, and it feeds them. The larger government grows, the more agencies that are created, the more bureaucrats who are hired, the more people who become beneficiaries, the more deeply entrenched in power the Party of Government becomes.
February 01, 2010, 11:33 AM When representatives of American power encounter officials in less rich countries, they are prone to suggest that any failure to reach the highest standards of living is due in part to weak political governance in general and the failure of effective oversight in particular. Current and former US Treasury officials frequently remark this or that government "lacks the political will" to exercise responsible economic policy or even replace a powerful official who has clearly become a problem. February 01, 2010, 11:03 AM In politics, whatever the President can get voters to believe becomes the truth, but in economics the numbers establish the facts.
Unfortunately for President Obama... January 28, 2010, 04:46 PM Mandatory IRAs just proposed by Obama Administration on 1/25/10 is the 1st step in stealth nationalization & forced investment of our retirement benefits to support the treasury debt market! Read the veiled report in Business Week. January 26, 2010, 07:36 PM Scott Brown's election to the Senate has health care reform on life support. With Congressional Democrats doubting whether it is feasible (or even wise) for them to press forward and pass the bill they spent the last year developing, one idea gaining traction is a "scaled-back" health bill that includes only the most popular aspects of reform.
January 26, 2010, 07:31 PM White House adviser David Axelrod told ABC News that the president wants to focus on "extending the life of Medicare" through cutting payments to providers. Good luck with that. As I've written before in NRO's Critical Condition, and described in excruciating detail in a recently published study, elderly Americans are approaching uncharted territory.
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February 3, 2010
NEW YORK (TheStreet) -- A look at what's lying off the books at Fannie Mae(FNM Quote) and Freddie Mac(FRE Quote) provides some clues as to why the mortgage-finance giants recently received a "blank check" from the Treasury Department for future capital needs, and why the Obama administration has delayed announcing restructuring plans.
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January 25, 2010
NEW YORK — The recession pushed shoppers to pick necessities over discretionary items, discounts over luxury. But retailers hope to shift such behavioral changes further in coming months, affecting what consumers will buy, pay and experience at stores.
Everyone talks about ‘value’ these days. But that doesn't mean stores are going to be doing much deep discounting in 2010. The trend will be more regularly scheduled sales and more-attractive starting prices.
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February 2, 2010
Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system.
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February 3, 2010
As it turns out, Senate Democrats may not be able to force healthcare legislation through the chamber on a simple majority vote.
Republicans say they have found a loophole in the budget reconciliation process that could allow them to offer an indefinite number of amendments.
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August 18, 2009
You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil.
Cronyism the Chicago Way.
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January 25, 2010
Too Big To Fail is revelatory, though not in the way Andrew Ross Sorkin intended. The book offers startling evidence that Hank Paulson and his deputies colluded with Goldman to create a liquidity crisis at AIG, and to manipulate the government funding a backdoor bailout of AIG's CDO counterparties, most notably Goldman. It's not that Sorkin's sources recounted the truth. Quite the opposite. Rather, they told him stories that were so transparently dishonest that the truth emerges by way of negative implication.
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