Daily Archives: August 8, 2011

The progressives in the Democrat party have taken to referring to the S&P downgrade of the US government’s bond rating as “the tea party downgrade.” Pretty clever huh? But in reality it should be called the AARP downgrade. It is this group of statist oldsters who have continued to successfully push for more and moreContinue Reading

Could Congress and the president have avoided Standard and Poor’s federal debt downgrade by passing Paul Ryan‘s budget plan? The Wisconsin congressman believes so. The Weekly Standard reports Ryan’s reaction to the S&P news. Yesterday on Fox News Sunday, Paul Ryan responded to Standard & Poor’s downgrading of America’s long-term debt by explaining to hostContinue Reading

Former John Locke Foundation Headliner John Bolton explains in a new column why he might throw his hat into the presidential ring: Adam Smith wrote in The Wealth of Nations​ that “the first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed onlyContinue Reading

Timothy P. Carney‘s latest column in the Washington Examiner explores presidential press secretary Jay Carney’s recent pronouncement on the relationship between the White House and job creation. A presidential press secretary has never spoken a truer sentence than Jay Carney’s admission last week: “The White House does not create jobs.” This is a rare andContinue Reading

In continuing tough economic times, Michael Barone says it’s interesting to see that voters are not flocking to the political party that promises more government action to fix the economic problems. His latest column offers a possible explanation. “The progressive ideal of administrative cadres leading the masses toward the light has its roots in aContinue Reading

Deroy Murdock‘s latest column explains why Standard & Poor’s decision to downgrade the American government’s debt rating could be described as a “patriotic act of tough love.” In the short term, this unprecedented news will hammer national prestige, hike interest rates, and heap short-term agony on an already achy nation. However, this startling development mayContinue Reading

Fareed Zakaria frets about the recent debt-limit debate and longs for the days in which congressional Republicans would roll over and accept tax increases in return for promises of government spending cuts that never materialize. Writing with a note of nostalgia, Zakaria’s latest TIME cover story sets out a different course — his preferred courseContinue Reading

In the midst of detailing the Tea Party’s frightening impact on Washington politics — frightening to establishment politicians and media pundits, that is — TIME’s Michael Crowley buys into the key notions of Keynesian economics. Ample research shows that tax cuts and government spending during a downturn can restore growth, making up for lost economicContinue Reading