Clouds Over Bailout Nation
In the new era, where trillion-dollar deficits are no longer unthinkable and the Constitution’s restraints on federal power are no longer thought of, the public is restless.
If you are looking for some light reading or humor to “start your day right,” you may find today’s column disappointing.
Separating the decision to tax from the decision to spend is not a good policy response to past fiscal mismanagement. It will only guarantee future fiscal mismanagement.
Publicly held federal debt will rise from the equivalent of 41 percent of the nation’s economy in 2008 to 65 percent in 2010 and a staggering 82 percent by 2019.
We’ve had a preview of how the new American corporatist state would operate, thanks to the proliferation of corporate welfare deals.
RALEIGH – Consider yourself lucky – you’ve just been witness to momentous events likely to be the subject of spirited political and academic debate for many decades to come.
When government decides to "save" an industry, that decision takes vital resources away from other industries and entrepreneurs who drive economic growth.
Your grandkids will hang on your every word as you tell the tale of how you were there when Bailout Nation was born.
Beverly Perdue is the luckiest Democrat in North Carolina. And Jim Harrell is the unluckiest one.
Here’s my final political potpourri of the 2008 cycle, assembled in between stretches of far more important weekend activities.
Even as McCain’s and Dole’s numbers have weakened in recent polls, enough to put their Democratic opponents ahead in some of them, McCrory has gained.
The public has been poorly served by its elected representatives, by individuals who exhibit little understanding of economic realities.