Republicans are amazing. It's possible they could lose the 2012 presidential election before 2011 is over. Really, they ought to rename that big river in Egypt (You know, “Duh Nile”) the Republican River. If you want to see an entire party in denial, with a few honorable and intelligent exceptions, look at virtually every Republican presidential hopeful but Ron Paul, the premier honorable and intelligent exception.
Benefiting from a hint from an article titled "Is Harry Potter Making You Poorer?", written by my colleague Dr. John Goodman, president of the Dallas-based National Center for Policy Analysis, I've come up with an explanation and a way to end income inequality in America, possibly around the world. Joanne Rowling was a welfare mother in Edinburgh, Scotland. All that has changed. As the writer of the "Harry Potter" novels, having a net worth of $1 billion, she is the world's wealthiest author. More importantly, she's one of those dastardly 1-percenters condemned by the Occupy Wall Streeters and other leftists.
It used to be common for people to urge us to learn "the lessons of history." But history gets much less attention these days and, if there are any lessons that we are offered, they are more likely to be the lessons from current polls or the lessons of political correctness.
The American national debt hangs over the nation’s head like the sword of Damocles, ready to drop and severely damage the American economy. The present debt has now reached the astronomical sum of $15 trillion, and continues to grow. The federal budget submitted to Congress by President Obama on February 14, 2011 was $3.729 trillion. But revenues come to only $2.627 trillion, meaning that there would be a deficit of $1.101 trillion. In other words, the federal government would have to borrow over a trillion dollars just to meet its present expenditures.