The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that would only further weaken demand. The successful austerity policies adopted in response to the downturn of 1920, however, offer a clear rebuttal to this notion. …
Are mobile phones and Internet access necessities that require taxpayers to foot the bill for the supposed “have-nots”? The Federal Communications Commission (FCC) evidently thinks so. The FCC voted unanimously to phase out subsidies for traditional telephone service and instead use $5 billion annually from the “Universal Service Fund” (USF) …
The Legatum Institute has just released its 2011 Prosperity Index. The index has a number of strengths, topped by the versatility of its supporting Web site. But Legatum has trumpeted an inaccurate finding that China has eclipsed the U.S. on the narrow economic dimension of its measure of prosperity. This …
Congress could move a step closer to rejecting the Federal Communications Commission’s plan to regulate the Internet this week when the Senate considers a resolution targeting the agency’s net neutrality rule. Sen. Kay Bailey Hutchison (R-TX) introduced the measure, S.J. Res. 6, to halt the FCC from implementing the regulation. …
Travel in time back to January 2009 when President Barack Obama’s advisers painted a portrait of the future under the President’s recovery plan. It turns out that their prediction was much rosier than reality. With the plan, they predicted in their chart, unemployment today would be somewhere in the neighborhood …
The armed forces of Colombia have scored a major battlefield victory. They finally hunted down, confronted, and killed the leader of the narco-terrorist Revolutionary Armed Forces of Colombia (FARC), Guillermo Leon Saenz, widely known by his alias Alfonso Cano. A guerrilla for decades, Cano assumed the top leadership of the …
Imagine a high-speed train zooming down hundreds of miles of glistening train track stretching across sunny California, connecting Anaheim to San Francisco. It’s a bullet train dream, and it’s a prime example of President Barack Obama’s latest plan to create jobs in America. The trouble is that this dream is …
