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  • Morning Bell

    Morning Bell: Stopping the Cyber Espionage Threat

    From the moment that Japan attacked Pearl Harbor, America learned that it is not an impenetrable fortress protected by thousands of miles of ocean, and on September 11, we were tragically reminded of that fact. Likewise, there is a new kind of threat to the United States that knows no territorial boundaries, but this one travels neither by land, by sea or by air. It’s the threat to America’s cyber security, and today Congress has the opportunity to do something about it. Whether you know it or not, hackers are … More

    Morning Bell: What’s the Senate Thinking?

    April 29 marks the third year in which the U.S. Senate has not passed a budget — a staggering dereliction of duty, particularly given the country’s near-$16 trillion debt. But that’s not the Senate’s only blockbuster failure under the leadership of Majority Leader Harry Reid (D-NV). From spending to jobs to energy policy, the Senate has totally dropped the ball, leaving one to wonder, “What’s the Senate thinking?” But it’s not just a matter of a simple failure or benign neglect, like forgetting to take out the trash. The way … More

    Morning Bell: Do You Know What the Constitution Really Means?

    With a handful of words, the Founders set forth a simple principle that protects a central liberty enjoyed by all in this Republic — the freedom of speech, as recognized in the First Amendment. Yet after more than 200 years of history, liberals in Congress — including House Minority Leader Nancy Pelosi (D-CA) — aim to set that freedom on its head so they can further their efforts to silence their political opponents. The proposal, which is known as the “People’s Rights Amendment,” would amend the Constitution and hold that … More

    Morning Bell: The Bloated Government of America

    The General Services Administration blew through $820,000 in taxpayers’ money in a lavish ”team building” trip to Las Vegas, and President Barack Obama is “apoplectic” at the news, according to the president’s campaign advisor, David Axelrod. Obama, he says, has devoted his efforts to saving “tens of billions of dollars” in cutting waste, fraud and inefficiency in government. Yet under President Obama’s leadership, government spending keeps growing irresponsibly, and neither he nor his allies in Congress are doing anything about it. The latest example came last week when Democratic leadership in the … More

    Morning Bell: What if Fannie and Freddie Were Eliminated?

    For the past several years, it’s not been an uncommon sight in Anytown, USA, to drive down the street and see home after home for sale after going through foreclosure. They are the still-lingering hangover from the housing crash that began in 2007. Though the true cause of what burst America’s housing bubble is still debated, two of the culprits — housing finance giants Fannie Mae and Freddie Mac — are still going strong even though both essentially failed in 2008 and are under government control. Economists and politicians alike … More

    Morning Bell: The Governing Class and Us

    In a speech yesterday in Elyria, Ohio — a small town just outside Cleveland sitting at the forks of the Black River — President Barack Obama delivered a politically charged speech in which he hearkened back to the country’s roots, saying that his opponents “don’t seem to remember how America was built.” In his view, taxpayers want their money spent in ways that will help further “the larger project we call America.” In other words, more spending and bigger government paid for with higher taxes. In a city quite unlike … More

    Morning Bell: Obama’s New Gas Price Scapegoat

    High gas prices are not a president’s friend, especially in an election year, so it’s not surprising that President Barack Obama is trying his darndest to shift the blame for record-high fuel prices onto something other than his failed energy policies. Yesterday he made a desperate attempt to distract from those failures and redirect America’s gas price rage with a flawed proposal to punish speculators for supposedly driving up the cost of energy. Speaking from the Rose Garden, the president announced a proposal to spend $52 million to fund increased government … More

    Morning Bell: What Tax Day Could Feel Like in 2013

    In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill — 29.2% of all our income. In other words, for the first 111 days of the year, everything you earned went straight to Uncle Sam. Compare that to back in 1900, when Americans paid only 5.9% of their income in taxes and Tax Freedom Day came on January 22. The … More

    Morning Bell: Tax Gimmicks, Tax Doom

    The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring “fairness” to the tax code and pay down the debt. As the paper-thin justification for the proposal continues to fade away, the American people are staring down Tax Day, continued joblessness, and the prospect of a major tax meltdown coming on January 1, 2013. The facts of the Buffett Rule are simple. The President wants millionaires (and … More

    Morning Bell: North Korea’s Rogue Missile Launch

    In defiance of international pressure, North Korea last night launched a long range missile, underscoring the belligerent regime’s continuing threat to U.S. interests and regional stability in Asia. The launch comes as the rogue nation is continuing its transition to new leadership under dictator Kim Jong-un, who replaced his father Kim Jong-il after his death in December. In addition to the missile test, it has been reported that North Korea may also be in the “final stages” of preparations for another nuclear test, leading to escalating tensions that could spur Jong-un … More