Education Dept. eliminates ‘father,’ ‘mother’ from student aid forms

Tracking Obama’s Health Law In Budget Isn’t Easy

The Amount of Hidden Debt Will Stun Taxpayers

The Debt Bomb That Taxpayers Won’t See Coming | Steven Malanga at WSJ

Revealing What States Are Hiding About the Real Costs of Public Education

Our coming deficits are driven by old people, not health inflation

$2.7M Federal Study: Why Do Lesbians Have Higher ‘Risk for Hazardous Drinking’?

Incomes Drop Most in Twenty Years

Democrats complain about presence of debt clock on Capitol Hill [VIDEO]

Why Clarence Thomas Uses Simple Words in His Opinions

    The Atlantic: “What I tell my law clerks is that we write these so that they are accessible to regular people. That doesn’t mean that there’s no law in it. But there are simple ways to put important things in language that’s accessible. As I say to them, the beauty, the genius is not to write a 5 cent idea in a ten dollar sentence. It’s to put a ten dollar idea in a 5 cent sentence” . . . The quote that was likely most disheartening to his law student audience: “I wound up the court 17 years after I graduated. And I made my final payment on my student loan my third term on the court.”

  • Posted: 02/21/2013
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  • Category: Bench & Bar
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Bridging the ‘Marriage-Gap’

79% say gov’t spending has reduced American lifestyle

Senate GOP probes Treasury pick Lew’s failure to comply with Medicare law

Crop of New Law Schools Opens Amid a Lawyer Glut

Senate approves debt-ceiling bill in 64-34 vote

    The Hill: Republican Sens. Kelly Ayotte (N.H.), Roy Blunt (Mo.), Thad Cochran (Miss.), Susan Collins (Maine), Lindsey Graham (S.C.), Dean Heller (Nev.), John Hoeven (N.D.), John McCain (Ariz.), Lisa Murkowski (Alaska), Richard Shelby (Ala.), John Thune (S.D.) and Roger Wicker (Miss.) voted with the Democratic caucus to pass the legislation. Only one Democrat — Sen. Joe Manchin (W.Va.)— voted against the bill.

  • Posted: 02/01/2013
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  • Category: Miscellaneous
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Members propose bill scrapping congressional pensions

Threat of automatic cuts costly to federal agencies

House passes ‘No Budget, No Pay,’ sends to the Senate

Obama ‘will not oppose’ House GOP plan to suspent debt limit until May

The Coming Debt Limit Drama: Government Wins, We Lose | Ron Paul

Arizona Gov. Opts For Federal Medicaid Expansion

“Default” Is a Red Herring in Debt Ceiling Debate

Why Conservatives Should End the Debt Ceiling Debate | Albert Mohler

    Albert Mohler: But, do politicians bear all the blame? Not hardly. The public has an insatiable appetite for pseudo-events and a horrified aversion to the truth. Why? We are approaching the point that voters will not deal with the issue because it will cost them their entitlements. They will be glad for their children and grandchildren to pay the catastrophic debt. As Brooks explains: “Ultimately, we should blame the American voters. The average Medicare couple pays $109,000 into the program and gets $343,000 in benefits out, according to the Urban Institute. This is $234,000 in free money. Many voters have decided they like spending a lot on themselves and pushing costs onto their children and grandchildren.

  • Posted: 01/14/2013
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Senate Dems: We’ll back Obama if he raises debt limit unilaterally

Unemployment Risks Creating New Divide In Europe

House approves $9.7 billion in Sandy relief, 67 GOP members refuse to back insolvent program

House Speaker John Boehner’s address to the opening session of the 113th Congress (Transcript)

Under pressure, Boehner is said to promise votes on hurricane Sandy relief

Chief Justice John Roberts stresses frugality in year-end report

Congress passes temporary fiscal cliff bill: spending increases, tax increase on incomes over $450K, payroll tax increase on everyone

Illinois Dragging Its Feet On Huge Pension Problem

American Dream Fades for Generation Y Professionals

Speaker offered a prayer before announcing the defeat of ‘Plan B’

Fiscal cliff: John Boehner forced to abandon ‘Plan B’ after Republican rebellion

Will Boehner’s speakership survive until Plan C?

Steny Hoyer: The Debt Limit ‘Is Not Real’

Court system braces for layoffs as clock on fiscal crisis ticks

Senate GOP Leader Calls On Dems To Spell Out Cuts

Both White House and GOP debt plans put US credit rating at risk

Senator Blasts ‘Secret’ Fiscal Cliff Negotiations

Norquist: Pledge Wavering Republicans Are Democratic Pawns

Republicans and the Tax Pledge: Grover Norquist is not the problem in Washington.

Why $16 Trillion Only Hints at the True U.S. Debt

Sen. Graham ready to ‘violate’ anti-tax pledge for ‘fiscal cliff’ deal

Treasury Secretary Geithner: Lift Debt Limit to Infinity

Ron Paul: Election shows U.S. ‘far gone’

Boehner Extends Olive Branch on ‘Fiscal Cliff’

Harry Reid on Raising Debt Limit to $18.794T: ‘We’ll Raise It’

Post-Election Retreat: Dow Plummets Below 13K for First Time in 2 Months

The Coming Age of Austerity | Pat Buchanan at Townhall

4 Yrs at Private College = $130,468; Median-Priced Existing Home = $173,100; U.S. Debt Per American Under 18 = $218,676

Report: Enough Spent on Welfare Programs in 2011 to Write Every Poor Household a $59,523 Check

The Looming Shortfall in Public Pension Costs

    NCPA Digest: The recent economic crisis has left many state and local governments with underfunded pension benefits for government employees. However, elected officials are unwilling to make the necessary cuts or tax hikes because both options are extremely unpopular, say Robert Novy-Marx, an assistant professor of finance at the University of Rochester’s Simon Graduate School of Business, and Joshua Rauh, a professor of finance at the Stanford Graduate School of Business and a senior fellow at the Hoover Institution.

  • Posted: 10/30/2012
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Mugging Our Descendants | George F. Will at Human Events

Prison May Be the Next Stop on a Gold Currency Journey

A Glance At Government Debt In Europe

Gov’t spent $1.03 trillion on 83 welfare programs in 2011

    Daily Caller: The government spent approximately $1.03 trillion on 83 means-tested federal welfare programs in fiscal year 2011 alone — a price tag that makes welfare that year the government’s largest expenditure, according to new data released by the Republican side of the Senate Budget Committee.

  • Posted: 10/18/2012
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Ron Paul Won’t Endorse Romney, Cites More of Same

French business erupts in fury against “disastrous” François Hollande

The End of Social Security’s Self-Financing | NCPA Policy Digest

    NCPA Policy Digest: Since its inception, Social Security was intended to be financed by the contribution of workers and not through general revenues. But lawmakers have become less willing to tax workers at the level required to finance rising benefit costs, which culminated in the decision to reduce Social Security’s principal financing stream — the payroll tax — for economic stimulus and to turn formally to general revenues to subsidize the program, says Charles Blahous, a senior research fellow at the Mercatus Center and public trustee for Medicare and Social Security.

  • Posted: 10/16/2012
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GOP demands Obama plan on debt ceiling

    The Hill: A pair of top Senate Republicans is pressing the Treasury Department for details on when the government will reach its $16.4 trillion debt ceiling — and how long it can avoid hitting the limit.

  • Posted: 10/15/2012
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Study shows $1.2 trillion gap for public pensions

2012: Fed. Gov’t borrowed 31 cents of every dollar spent, debt now over $16

Czech Gov’t Wants Cap On Public Debt

“Roy Moore says gay marriage will be ‘ultimate destruction of our country’ (video)”

U.S Added More Debt Monday Than From 1776 Through Pearl Harbor

DeMint: No Pension Bailout for States

Bernanke Defends Qe3, Tells Congress To Butt Out Of The Fed

    John Hayward at Human Events: This argument about saving the Fed from “politicization” is made whenever the topic of congressional oversight is broached. Some of Bernanke’s argument sounds self-refuting. If the Fed’s monetary policy is now the only thing saving us from even worse unemployment, how can we continue to treat it as an inscrutable “black box” forever insulated from the people and their representatives? We’re being told that an awfully large component of our economic engine cannot be opened by the end users, without voiding the warranty. As for Bernanke’s argument about low interest rates keeping the deficit down, the thing to remember is that he’s on the verge of losing control over those interest rates, precisely because the world’s investors (and the credit rating agencies they respect) have grown tired of watching American monetary policy used as a straitjacket to contain our insane spending habits.

  • Posted: 10/01/2012
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Book: Last year U.S. spent $1.4 Billion on Obamas, U.K spent $57.8 Million on Royalty

Fed monetizing U.S. deficit is huge risk, keeps heat off President, Congress

Easy Money is Punishing the Middle Class

    Sean Fieler at the WSJ (via Google): The more than five-fold increase in the median income of the American household since 1971, to $50,000 from $9,000, certainly provides the clear appearance of progress. But after the dollar’s 82% loss of purchasing power over the same period is factored in, the median household income rose just 12%. This much more modest increase is largely the result of the growing prevalence of two-income households . . . The median real income for working men over the same 40-year period rose just 8%. And that improvement only accrued to the ever-shrinking percentage of men fortunate enough to still have full-time jobs—just 67%, according to the latest data from the Bureau of Labor Statistics, within a percentage point of the lowest level on record since the figure was first recorded in 1948.

  • Posted: 09/27/2012
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  • Category: Featured

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Harsh Words for Fed from Beijing, Seoul

Low-wage work force grows 30% as the number of jobs shrinks

Spain Recoils as Its Hungry Forage Trash Bins for a Next Meal