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Posted on January 25, 2023

Every communist in the history of the world has promised 'equity'

Posted on January 24, 2023

Real wages have been NEGATIVE ever since Biden's $1.9 trillion 'stimulus'

Posted on January 23, 2023

Egg prices are not rising due to 'greed'

Former Bill Clinton Labor Secretary Robert Reich thinks the price of eggs is going up because of "greed."

You would think a labor secretary might know something about basic economics.

Apparently not.

Did people JUST become greedy now, but weren't in the past?

BASEDPolitics' Brad Polumbo explains why egg prices are really rising, "Part of this is just the overall inflation we’ve experienced, which has its roots in everything from global supply chain issues to the Federal Reserve’s loose monetary policy to excessive stimulus spending under both the Trump and Biden administrations. But the egg price increases are far too extreme to be explained by regular inflation alone...

The real reason for high egg prices, as is usually the case, has its roots in the basic economics of supply and demand. Unfortunately, an avian flu has wiped out more than 43 million egg-laying hens since February 2022, according to the US Department of Agriculture. That’s resulted in a 29% decrease in the US egg stock, aka the supply.

When a product becomes more scarce yet is still in high demand because it’s part of people’s routines, prices will rise."

Read the entire column.

Posted on January 23, 2023

Ron Paul was right. He always was

Posted on January 23, 2023

The difference between pro wrestling and government

Posted on January 21, 2023

Danger ahead: U.S. savings rate vs. credit card debt

Posted on January 20, 2023

The Biden administration finally admits canceling the Keystone XL Pipeline was a mistake

Real Clear Energy reports, “At long last, the Biden administration is admitting what experts have always known: reckless energy policies have disastrous consequences. This time, the Department of Energy quietly released a report highlighting the positive economic benefits of developing the Keystone XL pipeline from Canada, an energy project canceled by President Biden in the hours following his inauguration.

But the DOE’s report is a proverbial day late and a dollar short. The cancelation of the Keystone XL pipeline has already cost the United States thousands of jobs and billions in economic growth while families suffer under the weight of record high energy prices. It’s time for lawmakers to make American energy independence a top priority.

Released without a formal announcement, the DOE’s report points out that the pipeline would have created between 16,149 and 59,000 jobs and would have had an economic benefit of between $3.4 and 9.6 billion. That’s no small impact. Yet with one stroke of his pen, Biden slashed the project and instead focused his efforts on costly ‘green energy’ goals. As a result of his executive action, 11,000 pipeline workers were promptly laid off and told to ‘go to work to make solar panels” instead.”

Read the entire article.

Posted on January 20, 2023

Has anyone checked on Al Gore today?

Posted on January 19, 2023

Raising the debt ceiling without reducing spending would spell disaster

Stephen Moore writes at Fox News, “Of all the reforms in House rules secured by the conservative rabble-rousers earlier this month, arguably the most momentous was the promise that Republicans will not pass any debt ceiling increase until substantial budget process reforms and spending cuts are secured.

The need for such a rule would seem self-evident. The debt has risen by some $4 trillion in just two years.

Government borrowing last year hit 13 figures, or $1.4 trillion. Absent budget reforms, we could easily see a decade ahead with another $10 trillion added to the debt.  And don’t forget, every one-percentage-point rise in interest rates by the Federal Reserve raises the debt by much more than a trillion dollars over the next decade...

Yet Biden and the Democrats in Congress say they want a 'clean' debt ceiling bill – with no conditions attached. 

To that, Republicans should say 'no deal.' The experience of the last forty years shows definitively that the only time fiscal conservatives have secured major spending reform concessions from Democrats as a condition for raising the debt ceiling. These are 'come to Jesus moments' for fiscal discipline.”

Read the entire column.

Posted on January 19, 2023

The current level of government spending cannot be sustained. Period

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