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Bankrupt ideas lead to
bankrupt governments

Washington Times, by Richard Rahn

Original Article

Posted By:PageTurner, 10/1/2013 3:38:43 PM

“There is nothing left to cut,” said House Minority Leader Nancy Pelosi last week when referring to the federal budget. Again, she displayed a complete disconnect with reality — a disconnect reinforced by all those other fantasyland souls who make her their leader. As we listen to the budget battles among the political class over the next few weeks, it is important to keep in mind that federal spending is at record levels in nominal terms and near the all-time high as a percentage of gross domestic product (GDP), except during World War II. During the second Clinton administration, federal spending

Comments:
He´s right. Chilean Model is a big part of the answer. Chile is a nation with NEGATIVE net debt.

      


Post Reply  

Reply 1 - Posted by: 6079 Smith, W, 10/1/2013 3:46:49 PM     (No. 9545120)

"There is nothing left to cut....referring to the federal budget" What BUDGET?

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Reply 2 - Posted by: belwhatter, 10/1/2013 4:09:59 PM     (No. 9545145)

What a chance to show Pelosi how to use scissors!

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Hemisphere: Venezuela´s price and currency controls have wrought what they always wreak: monster shortages. And it stinks, literally, with toilet paper, diapers, soap and deodorant joining drugs on the list. That shutoff from global standards is what prevents willing buyers from acquiring goods from abroad, the source of 80% of Venezuela´s consumer staples. No foreign currency, no purchases. Further down the line, price controls have driven more shortages as costs to produce in an economy with a 56% inflation rate have made it impossible to turn a profit.

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Posted By: PageTurner- 3/19/2014 9:04:34 PM     Post Reply
The mother of a 3-year-old boy who was saved just as he tumbled out a third-story window in Burbank said she will "never be able to repay" the couple who cushioned his fall with a box spring mattress. Konrad Lightner and his wife, Jennifer, were carrying their box spring mattress out Sunday when they saw the toddler throw his leg over the window sill, his toys tossed to the ground below. "Once we saw that his leg was going over the window, Jenny called police," Konrad Lightner said in an interview with KTLA-TV. After the boy got out, he clung to a telephone wire outside the window, spurring a split-second decision by the

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Posted By: PageTurner- 3/19/2014 10:12:43 AM     Post Reply
Geopolitics: So are Vladimir Putin´s actions in Ukraine just self-defense, as he claims, or a sign of a new sort of war with the West? Conclusions of a 19th century contemporary of Alexis de Tocqueville suggest the latter. Back in 1839, around the time political thinker de Tocqueville made his long visit to the U.S. and found an exceptional nation, writing about it in his classic "Democracy in America," another curious Frenchman, the Marquis de Custine, made a similar pilgrimage to Russia. Fully prepared to fall in love with autocratic czarism, de Custine was instead repelled by a harsh tyranny combined with

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TIJUANA, Mexico – Mexican activist Elvira Arellano turned herself in on Tuesday to U.S. immigration authorities, whom she will ask – for humanitarian reasons – to be allowed to return to the country from which she was deported in 2007. Accompanied by her two children, the human rights defender crossed the border into the United States along with the fourth group of immigrants from the “Bring Them Home” movement. Arellano, TIME magazine’s Person of the Year in 2006, said she was aware that she could go to federal prison, but she said that is a risk that must be taken to send

   

 

  


 
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Posted By: PageTurner- 3/14/2014 5:16:30 PM     Post Reply
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Posted By: PageTurner- 3/14/2014 5:06:44 PM     Post Reply
Staple shortages in Venezuela are exacerbating, as mirrored by restricted sales in many stores across the country. The supply of personal care products fails to meet demand. Only one or two brands of a single item can be found on shelves. Similarly, drugs stocks are running low. In a bid to meet demand, pharmacies have also been limiting the sale of certain drugs to only two items per person. Since April 2012, the Central Bank of Venezuela has been reporting shortage of personal care and home cleaning products, which sales are restricted as well. Shortage stems from the price regulations enforced for more than

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Posted By: PageTurner- 3/14/2014 4:52:38 PM     Post Reply
CARACAS - Venezuela´s foreign minister lambasted U.S. Secretary of State John Kerry on Friday as a "murderer" fomenting unrest that has killed 28 people in the South American OPEC member nation. Since street demonstrations began against President Nicolas Maduro´s socialist government in early February, Venezuelan officials have been accusing Washington of stirring the country´s worst political troubles in a decade. U.S. officials say Venezuela is using them as a scapegoat, inventing accusations to distract from internal economic and political problems. In the sternest words during the crisis from Washington, Kerry said on Thursday the Venezuela government was using a "terror campaign" to

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Posted By: PageTurner- 3/14/2014 8:02:29 AM     Post Reply
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Posted By: PageTurner- 3/7/2014 5:23:43 PM     Post Reply
Jamaica´s Cannabis Commercial and Medicinal Research Taskforce (CCMRT) says it has been given an assurance that the country later this year will decriminalize marijuana as the island seeks to establish a medicinal marijuana industry. CCMRT leader, Dealana Seiveright in a statement, said that the assurance had come from Jamaican Science, Technology, Energy and Mining Minister Phillip Paulwell. The statement quoted Paulwell as telling members of the taskforce that “ganja will be decriminalized in Jamaica this year and emphasized that Jamaica cannot be allowed to be left behind on the issue”.

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Posted By: PageTurner- 3/5/2014 2:13:31 PM     Post Reply
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