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  • Monthly Archives: June 2009

    Who Needs a Ways and Means Committee?

    The House Ways and Means Committee, the chief tax committee that has jurisdiction over all taxes and revenue-generating programs (social security, medicare, unemployment) is saying “no thanks” to dealing with potentially one of the largest taxes in history, the cap and trade energy tax. From CongressDailyAM: “House Ways and Means … More

    Government Benefits at Highest Level in Recorded History

    Government benefits accounted for 16.2 percent of personal income in the first quarter of 2009 according to new figures from the Bureau of Economic Analysis. This is the highest level since the data began being recorded in 1929. According to a recent article in USA Today government spending on benefits … More

    Picture of the Week: Tiananmen Square 20th Anniversary

    This picture is worth thousands and thousands of words.

    The Great Obama: Pulling A GM Profit Out Of His 'Box of Cash'

    From June 4th’s Wall Street Journal: Like a magician who artfully controls his audience’s attention, the government’s General Motors investment is all about financial diversion. Here’s the fancy trick: It won’t be very hard for a revamped GM to succeed at making a buck. Its debts will be cut from … More

    Video: US Has 'Responsibility' To Speak Out For Human Rights In China

     In the spring of 1989, millions of Chinese peacefully seized control of their own capital and demanded democracy. After then-Premier Li Peng declared martial law on May 19th, the people of Beijing, not just students, responded by setting up bus and truck barricades to protect the demonstrators’ command post in … More

    Microsoft: Obama Tax Hikes Will Cost US Jobs

    Bloomber reports: Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits. “It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off … More

    Missile Defense Resurgent on Capitol Hill

    Earlier this week the AP reported: Defense Secretary Robert Gates isn’t ruling out spending more on missile defense than what he’s asked for in next year’s budget if North Korea or other nations increase threats against the United States. Gates said the missile tests by North Korea over the past … More

    The Global Government Debt Bubble Is Here

    The New York Times reports today: As governments worldwide try to spend their way out of recession, many countries are finding themselves in the same situation as embattled consumers: paying higher interest rates on their rapidly expanding debt. Increased rates could translate into hundreds of billions of dollars more in … More

    EU May Take Dozens of Gitmo Detainees

    According to an AP story today reprinted in the Miami Herald, European Union countries are likely to take in several dozen Guantanamo Bay detainees. Czech Interior Minister Martin Pecina spoke for the 27-nation bloc of interior ministers saying that it would be up to each individual government to decide whether … More

    Space is Already Weaponized

    The Washington Post reported yesterday: The United Nations Conference on Disarmament last week approved a working group to negotiate a treaty banning the production of fissionable material for nuclear weapons and another to discuss preventing an arms race in outer space. The U.N. group, which met in Geneva, had been … More