Economy

Questions Rarely Asked–and Never Answered

by Victor Davis Hanson // PJ Media  It Can’t Happen Here? What does it take to warn Americans about unchecked pension growth, socialized medicine, vast increases in entitlements, higher taxes, and steady expansion of government? In other words, what is it about Detroit, Italy, or Greece that we do not understand? In the last five years, the Obama administration has […]

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The Late, Great Middle Class

It’s never been harder to find a decent job making something real. by Victor Davis Hanson // National Review Online  The American middle class, like the American economy in general, is ailing. Labor-force participation has hit a 35-year low. Median household income is lower than it was five years ago. Only the top 5 percent of

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America’s Vast Margin of Error

by Victor Davis Hanson Tribune Media Services The Obama administration is facing scandals everywhere — using the IRS to punish political enemies, seizing the phone records of Associated Press and Fox News reporters, monitoring phone and email accounts of millions, and making up stories about what happened in Benghazi. Share This

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The Great California Land Rush

by Victor Davis Hanson PJ Media Boom or Bust? I have lived on the same farm for 59 years and seen at least three boom-and-bust farm cycles — one in the late 1960s, another in the early 1980s, and a third right now. Share This

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How to Weaken an Economy

by Victor Davis Hanson PJ Media It is not easy to ruin the American economy; doing nothing[1] usually means it repairs itself[2] and soon is healthier than before a recession. Share This

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Wards of the State

by Bruce Thornton Defining Ideas The biggest political problem the United States faces — runaway entitlement costs on track to bankrupt the treasury — is like the weather. Everybody talks about it, but no one does anything about it. Even talking about it can be politically dangerous, as the Republicans learned in November and during

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Dr. Barack and Mr. Obama on the Debt Ceiling

by Victor Davis Hanson NRO’s The Corner Barack Obama once had a lot of insightful things to say about the debt ceiling that transcended the usual political game of voting for debt-ceiling increases when your guy was president and against when he was not — and even some things that were quite blunt if not harsh

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When Big Deficits Became Good

by Victor Davis Hanson Tribune Media Services As a senator and presidential candidate, Barack Obama said that he detested budget deficits. In 2006, when the aggregate national debt was almost $8 trillion less than today, he blasted George W. Bush’s chronic borrowing and refused to vote for upping the debt ceiling: “Increasing America’s debt weakens

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2013: Welcome to Very, Very Scary Times

by Victor Davis Hanson PJ Media On the One Hand… These should not be foreboding years. The US is in the midst of a veritable energy revolution. There is a godsend of new gas and oil discoveries that will help to curtail our fiscal and foreign policy vulnerabilities — an energy bonanza despite, not because of[1],

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A New Year in America: Will We Continue Down the Road to Decline?

by Bruce Thronton Frontpage Magazine   Looking back over 2012, one could be forgiven for thinking that if America goes on at this rate, the nation must be ruined. But as Adam Smith replied to a young man who said those same words about British losses during the American Revolution, “there is a great deal

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