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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.
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.
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!
Project 21 and FreedomWorks fellow Deneen Borelli goes toe to toe with the NAACP's Senior Vice President Hilary Shelton over accusations of tea party racism.
Join the WV Metro Valley Patriots Tea Party on Monday, July 19 for a demonstration against cap and trade in front of the Charleston WV Unemployment Office at noon. This demonstration will drive home the message that cap and tax is a jobs killer for West Virginia and comes in advance of an expected Senate energy bill vote in the next weeks.
We all have a lot on our plates as Congress continues to pack their last days in power with one bad bill after another, elections loom just around the corner, and many events are coming up in the next months. It would be easy for anyone to feel overwhelmed. Of course, this is exactly when we need to make sure we don't let the pressure up, that we see this fight through to the end.
Taken on its own, the modest blue bump on the bar graph Governor Bob McDonnell displayed at his news conference yesterday was anything but eye-catching. But in the context of the economic downturn, the small bar that represented Virginia’s $220 million dollar surplus was monumental.
According to the Economist, the Financial Services Authority (FSA) has issued a consultation paper after months of study in order to determine the reason for the housing crisis. The purpose of the paper is two- fold, as the experts who wrote the paper are also expected to give recommendations on safer lending practices in the future, which, everyone hopes, will avert another catastrophic meltdown.
There is rejoicing in the Kerry-Lieberman camp now that the Congressional Budget Office has alleged that over 10 years the cap-and-trade bill would reduce the federal deficit $19 billion over ten years.
News about the pending lame duck session, new Wall Street bailout, the DISCLOSE Act, the government takeover of the internets, and Stimulus II got you down? Here's a good reminder to get through the rest of the week from tea party friend Ray Stevens: