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The Definition of Insanity (A Response to Rep. Carolyn Maloney)
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Blog

The Definition of Insanity (A Response to Rep. Carolyn Maloney)

Albert Einstein once said that insanity was “doing the same thing over and over again and expecting different results". Under this definition, most members of Congress could be classified as insane, especially when it comes to solving the financial crisis. 

07/22/2010
Great New Book to Checkout: "Spread the Wealth"
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Blog

Great New Book to Checkout: "Spread the Wealth"

There's a great new book out there that anyone who wants a better understanding of the roots of today's fiscal crisis and what we can actually do about it should checkout.  It's written by David Breuhan and it's called "Spread the Wealth: More Haves, Fewer Have Nots."  Breuhan is a money-manager and has taught Austrian economics at the graduate level.  He has a keen understanding of the implications of trade restrictions, high taxes, deficits, and spending and is able to put it in simple terms that anyone can understand.

07/22/2010
Restore the Estate Tax
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Blog

Restore the Estate Tax

Democracy and Power 103:  Government money In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other. – Voltaire (1764)

07/21/2010
No Wine Shall Be Served Before Its Time--
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Issue Analysis

No Wine Shall Be Served Before Its Time--

Click here for a .pdf version of the paper.   No Wine Shall Be Served Before Its Time— At Least Not Without Wholesalers Taking a Cut

07/21/2010
Columbia, SC Alert: Biden Coming to Town for Tea Party July 23
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Blog

Columbia, SC Alert: Biden Coming to Town for Tea Party July 23

 Of course,  Vice President Joe Biden, might not be planning on coming to Columbia, SC for a tea party, but that's what he's going to get.  On Friday, July 23 Biden will be in town with Rep. John Spratt to dedicate the new USC library and participate in a fundraising event for Spratt. Join us!

07/21/2010
Washington Elites Face Reality Gap on Economy
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Blog

Washington Elites Face Reality Gap on Economy

While private sector workers across the country are struggling with abnormally high unemployment rates, federal government employees in Washington are likely to be bewildered by the current economic downturn. In fact, a Politico article released today confirmed that about half of “Washington elites” who live in the D.C. metro area and work in politics or policy fields claim that the country and the economy are headed in the right direction—compared to less than 25 percent of the general population. Since the federal government directly employs roughly one-third of citizens in the D.C.

07/19/2010
Congress Votes on Extending Unemployment Benefits-- Again
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Blog

Congress Votes on Extending Unemployment Benefits-- Again

On Tuesday, the Senate is expected to vote on H.R. 5618 “Restoration of Emergency Unemployment Compensation Act of 2010” which would extend unemployment benefits to November 30th for the long-term jobless. Unfortunately, prominent Democrats are accusing those opposed to the bill as being cruel individuals that have no sympathy for the unemployed.

07/19/2010
Business Knows More than Obama
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Blog

Business Knows More than Obama

A government with moral and legal authority promulgates written rules and universally, impartially and uniformly enforces the rules, which provides a predictable and stable legal order on which to base economic and personal decisions.  The law prevails, not the proclamation or arbitrary decision of a ruler, government bureaucrat, the enforcer (e.g., policeman) or judge.

07/19/2010
Financial “Reform” Bill Expands Power of Fed
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Blog

Financial “Reform” Bill Expands Power of Fed

The recently passed Dodd-Frank financial services reform bill is yet another example of power-grabbing legislation that fails to address the root causes of the current financial crisis. Countless studies have confirmed that the Federal Reserve played a major role in the fiscal collapse by artificially keeping interest rates low by inflating the money supply in the economy. Before the official recession began in December 2007, the economy appeared to be booming with an expansion of credit.

07/16/2010
Time to Permanently Kill the Death Tax
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Blog

Time to Permanently Kill the Death Tax

Currently, the motion to permanently repeal the death tax is gaining momentum in the halls of Congress. In fact, Rep. Neugebauer (R-TX) has introduced H.R. 4746 that would prevent a series of pending tax increases while allowing the death tax to finally expire. Unfortunately, the death tax—which temporarily expired in 2010—is currently set to come roaring back in 2011. Unless we take action to fight this atrocious tax increase, individuals will be visited by the IRS and the undertaker on the same day.

07/16/2010

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