Today is our lucky day, the day each year my wife and I get to be on the receiving end of multiple doses of federal welfare — for our overnight Amtrak excursion from Lorton, Virginia (near Washington, D.C.), to Sanford, Florida (near Orlando).
The free market continues to stay at least one step ahead of the regulators, this time with incandescent light bulbs.
President Obama has given the CFR a clean sweep of the new appointments to the Federal Reserve, with his naming of Janet Yellen, Stanley Fischer, Lael Brainard and Jerome Powell.
Fifty years ago this week, President Lyndon Johnson announced the “War on Poverty” during his first State of the Union Speech. Under the Obama administration, however — five decades, countless unconstitutional federal welfare programs, and more than $20 trillion later — poverty levels remain largely unchanged even based on official numbers, and dependence on government has reached unprecedented new heights.
In reality, Americans’ economic fate is far worse than even bogus government statistics would suggest. Even more troubling is that analysts say the trends look set to accelerate as Washington, D.C., intensifies its failed efforts to achieve “victory” in the “war” while the Federal Reserve conjures ever greater quantities of currency into existence.