Economy

A Nation of Takers Hurtles Toward the Fiscal Abyss

by Bruce Thornton Frontpage Magazine The on-going negotiations over avoiding the tax hikes and spending cuts we call the “fiscal cliff” are simply the latest act in a farce of self-serving political denial. For decades now both parties have overseen and nurtured the expansion of the entitlement state all the while ignoring the slow-motion economic

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The Kingdom of Fairness

by Victor Davis Hanson Tribune Media Services We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back. Share This

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The Ahistorical Krugman

by Victor Davis Hanson National Review Online Paul Krugman weaves a fantasy tale of how high taxes, big unions, and government regulations created a booming 1950s economy — the implication being that in reactionary fashion we can now in a second term return to our heyday under Obama’s envisioned union support, growth in government, tax hikes, and

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The Second Oil Revolution

by Victor Davis Hanson Tribune Media Services The world was reinvented in the 1970s by soaring oil prices and massive transfers of national wealth. It could be again if the price of petroleum crashes — a real possibility given the amazing estimates about the new gas and oil reserves on the North American continent. Share

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