Oops…Did She Really Say That?

Andrew Roth - February 26th, 2013

As reported in the Washington Post, a lobbyist was quoted as saying: "The worst-case scenario for us is the sequester hits and nothing bad really happens. And Republicans say: See, that wasn’t so bad.”

12 Step Program for Spendaholics

Andrew Roth - February 21st, 2013

Club member Bill King from Pennsylvania sent us the following 12-step program for Spendaholics.  Politicians in Congress should admit they have a problem!

  1. Admit to yourself and to your constituents that you have been addicted to spending.
  2. Admit to yourself and to your constituents that Spendaholism is a major cause of our budget  deficits and national debt.
  3. Apologize to your constituents & commit to fiscal responsibility. (They’ll forgive you if you mend your ways)
  4. Recognize that ALL spending decisions have an emotional component
  5. Reject emotional appeals.
  6. Commit to the use of logic, reason, and sound fiscal and budgeting practices.
  7. Recognize that all of our problems cannot be solved with one massive piece of legislation.
  8. Prioritize spending programs and reform and/or cut at minimum 3 programs per quarter.
  9. Commit to reducing the deficit by 15% per year and a balanced budget in 10 years.
  10. Pledge to vote for a balanced budget amendment to the Constitution.
  11. Vow to let free market principles drive the private sector of our economy.
  12. Promote policies that will promote economic growth in the private sector.

The Establishment is Already Attacking Ted Cruz

Andrew Roth - February 20th, 2013

 

How Do We Break the Cycle of Higher Tuition and More Debt?

Barney Keller - February 18th, 2013

"Infrastructure rhetoric is a bridge to nowhere"

Barney Keller - February 15th, 2013

Over at Reuters, Media Critic Jack Safer takes the media’s coverage of the "civil engineering-industrial complex" to task:

Whenever the phrase “our crumbling infrastructure” passes the lips of a politician or appears in the pages of a newspaper, I change the password on my checking account and move my wallet to the front pocket of my jeans. So when President Barack Obama invoked our “aging infrastructure badly in need of repair” in his State of the Union address on Tuesday and Washington Post columnist Fareed Zakaria used his perch yesterday to complain that Obama wasn’t proposing near enough for infrastructure, I closed my bank accounts, canceled my credit cards, converted my liquid investments into gold bullion, dumped them into 55-gallon drums, rolled the drums into a backyard pit and poured a load of cement over the heap.

It’s not that infrastructure doesn’t crumble — everything turns to dust eventually. Obviously, useful bridges, ports, airports and highways need to be maintained, and as a country grows it needs new ones. It’s just that the press allows members of the civil engineering-industrial complex to bamboozle them into believing that all calls for building infrastructure are equal.
 

The whole thing is worth a read. Yet another good reason to devolve infrastructure spending to the states. The Cato Institute has an excellent paper on this topic you can read here.