Socialism

Federal Training Flops

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Barack Obama recently proposed new programs to provide job training for youth and the long-term unemployed. For half a century, federal programs have provided trainees with little more than false hope. There is no reason to permit the feds to inflict new damage after all their previous failures. Between 1962 and 1980, the feds spent more for federal job training ... [click for more]

Not Ending Social Security As We Know It

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Social Security is not only the cornerstone of the welfare state, it is the most expensive item in the federal budget. The Social Security system provides benefits for retirement, disability, survivorship, and death to 54 million Americans at a price to its 157 million taxpayers of more than $700 billion a year. Social Security is a relic from the New Deal. The first ... [click for more]

The Real Problem with Solyndra

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Executives from the bankrupt solar-energy company Solyndra recently invoked their Fifth Amendment privileges before the House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations, declining to testify to avoid self-incrimination. “On advice of counsel, I respectfully decline to answer any questions,” said CEO Brian Harrison and CFO Bill Stover at the Subcommittee hearing “Solyndra and The ... [click for more]

The Unessential Air Service Program

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During the Great Depression, the New Deal program known as the Agricultural Adjustment Act (AAA) paid certain farmers not to grow corn, wheat, cotton, rice, peanuts, and tobacco in order to control their supply and drive up their prices. The money paid to farmers came from a tax imposed on processors of farm products. In the Soviet Union that ... [click for more]

The Dark Side of the Welfare State

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There comes a point when elected leaders reach the end of their ability to tax, borrow, and inflate for funding. The United States is verging on that threshold. However, rather than acknowledge the folly of and dispense with unsustainable entitlements, U.S. leaders are, for the most part, endeavoring to preserve them. This leads to what Sven Larson, a research fellow with ... [click for more]

Condolences Yes, Assistance No

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Thanks to the tremendous technological advances in communications that have taken place over the past few years, the whole world has now heard of and seen the destruction wrought by the devastating earthquake and tsunami in Japan. With thousands already confirmed dead, and many thousands more missing and presumed dead, the thoughts and prayers from people of every nation ... [click for more]
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