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    Britain’s Public Debt: Up By 1.4 Trillion Pounds This Week

    February 20, 2009 at 2:43 pm

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    On Monday, if you accept the OECD’s figures, Britain’s public debt was 42% of GDP, or about 600 million pounds. Today, Britain’s public debt is about 142% of GDP, or about 2 trillion pounds. In one week, Britain’s debt has increased by 1.4 trillion pounds. That’s 2 trillion dollars of … More

    Britain’s Failing Credit

    February 19, 2009 at 4:54 pm

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    Last week, Moody’s Investors Service warned that the increase in U.S. debt caused by the ‘Economic Stimulus’ Act could hurt the country’s AAA credit rating. According to Moody’s the public debt as a percentage of the total economy (GDP) will jump 21.6 percent, up to 62.4 percent of GDP by … More

    Don’t Ditch Winston

    February 18, 2009 at 4:02 pm

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    The London Telegraph reports that Barack Obama has returned a bust of Sir Winston Churchill to the British government. The bronze by Sir Jacob Epstein would be worth hundreds of thousands of pounds, if it were sold on the open market. It was loaned by the British Government to President … More

    A Telling Double Standard

    February 13, 2009 at 2:38 pm

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    The British Government’s decision to ban Dutch MP Geert Wilders from entering the country is another chapter in Britain’s story of shamefully appeasing radical Islamists. Mr. Wilders had been invited by Lord Pearson of Ranoch to show his film, Fitna, in the House of Lords. Fitna is a short, online … More

    Lincoln’s Wish: Perpetual Peace and Friendship Between the U.S. and Britain

    February 12, 2009 at 3:17 pm

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    As the world honors Abraham Lincoln on the 200th anniversary of his birth, it’s worth recalling one of the less well-remembered moments of his career: his letter on January 19, 1863 to “the Workingmen of Manchester,” responding to their earlier address and resolutions in support of the North. This was … More

    Dumb Power

    February 10, 2009 at 11:50 am

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    In the world of international affairs, popular phrases usually signify not thought, but its absence. Calls for ‘a new Marshall Plan,’ for example, are invariably made by people who know absolutely nothing about the original one. The appearance of these phrases is the surest proof that the speaker is content … More

    It’s Beginning to Look a Lot Like the 1970s

    February 6, 2009 at 10:52 am

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    In Britain, London’s buried under eight inches of snow, the trains don’t work, the economy’s collapsing, and a Labour government’s put the nation deeper in debt that it has been in thirty years. The Adam Smith Institute, preferring to laugh instead of cry, jokes that it looks like the 1970s … More

    Nice Work, If You Can Get It

    February 5, 2009 at 10:31 am

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    We like to think of Britain, the U.S. and the rest of the Anglosphere as nations that reject the statist European economic model. But from 1997 to 2008, the government’s share of the British economy increased from 38.4 percent to 41.9 percent. This expenditure was funded by debt that the … More

    The First Duty of Any State

    February 3, 2009 at 4:35 pm

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    In its latest issue, the Economist reports on the state of Britain’s armed forces. It answers the question posed in the title of the piece, “Losing Their Way?,” with a resounding “Yes,” blaming underfunding, recruiting shortfalls, and a loss of institutional confidence. The joke among Americans in Afghanistan, it reports, … More

    Britain’s Road to Serfdom

    January 30, 2009 at 2:28 pm

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    The amount of money the U.S. is spending in its vain effort to stimulate the economy is hard to grasp. As we’ve pointed out, $819 billion is equivalent to borrowing $10,520 from every family in America. That’s $819 billion that individual Americans will no longer be able to spend freely, … More

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    The Morning Bell
    Congress Is Trying to Fool You on Immigration

    Congress is trying to fool you. Here’s how they do business. A piece of legislation is going to cost trillions of dollars, but Members of Congress don’t want the public to see that. Instead, they have the Congressional Budget Office (CBO) look at the bill for just the first 10 … More

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