The Social Security “Trust” Fund
From a New York Times article about how the social security system is running a deficit for the first time:
Mr. Goss, the actuary, emphasized that even the $29 billion shortfall projected for this year was small, relative to the roughly $700 billion that would flow in and out of the system. The system, he added, […]
I’m a Federal Reserve Chairman, Get Me Out of Here!
http://www.youtube.com/watch?v=2_VCy0lMU1g
What You Don’t Know Can’t Hurt You: The Case for Federal Reserve Independence
“THE FEDERAL Reserve Board’s independence is a bit like the judiciary’s independence.” Anonymous Editorial, Washington Post, “Focus on the Fed” July 24, 2009. This central premise, it is suggested by one yellow journalist, justifies the Federal Reserve being exempt from audits - more particularly that Congress should decline to pass H.R. 1207. Consider the analogy.
The […]
Friedman v. Donahue - Greed
http://www.youtube.com/watch?v=RWsx1X8PV_A
House Passes ‘Stimulus’ 244-188, Spites Face
Yet another stimulus bill has passed under supposedly “urgent” circumstances. “We don’t have a moment to spare,” Obama declared (perhaps pretending that he is the new George W. Bush). The last trillionesque-dollar stimulus was hurried through under much similar circumstances - though at that time, the House had enough sense to vote against it the […]