It took one man, working tirelessly in his private laboratory, to light up the world. The invention of the electric light bulb by Thomas A. Edison was the work of an individual, not a collective, not the government. Yet its impact on the world was greater, more productive, and more beneficial than anything that 10,000 government bureaucrats could dream up. The purpose of the government was to secure Edison’s God-given rights to life, liberty, and the pursuit of happiness. It was not to help him invent anything. Its purpose was to leave him alone to do what he did best: invent new wonders that changed the world.
Herman Cain’s unexpected victory in Saturday’s Florida Straw Poll has the media, especially the so-called “conservative” media, quite excited. Ronald Reagan, George H.W. Bush, and Bob Dole each won this contest, and each eventually received their party’s presidential nomination. Thus, so goes the conventional reasoning, this poll is not without its share of significance as far as the end result of the GOP primaries is concerned.
What's the common thread between Europe's financial mess, particularly among the PIIGS (Portugal, Ireland, Italy, Greece and Spain), and the financial mess in the U.S.? That question could be more easily answered if we asked instead: What's necessary to cure the financial mess in Europe and the U.S.? If European governments and the U.S. Congress ceased the practice of giving people what they have not earned, budgets would be more than balanced. For government to guarantee a person a right to goods and services he has not earned, it must diminish someone else's right to what he has earned, simply because governments have no resources of their very own.
A church I visited recently announced a seminar for “financial professionals” who lament their industry’s “fallen ethics.” In 2009, USA Today reported that “the top Roman Catholic bishop in the United States said … the global economic crisis was caused in part by people abandoning personal ethics, and he's calling for increased morality in business.” And earlier this year, Jewish Week lamented that “financial scandals have become a fixed component of our civilization” after opining, “If current trends [in cheating] continue, the Wall Street gang of 2020 will make the slithery coterie of 2008 look like a Cub Scout pack in comparison.”
“Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” repeatedly proclaims President Obama, arguing for his proposed $1.5 trillion tax increase over the next 10 years. “That’s pretty straightforward. It’s hard to argue against that.” In fact, Mr. Obama’s statement is anything but straightforward and not hard to argue against.
Nearly all the pundits and attorneys are calling Jaycee Lee Dugard’s federal lawsuit a “long shot.” Ms. Dugard, who was abducted with a “stun gun” on her way to school at age 11, then raped and tortured in a shed for 18 years by a federally paroled sex offender with the help of his also-released inmate wife, sued the federal government September 22, citing “gross neglect.”
Tim Hawkins is a very funny guy. He sings a great song, “The Government Can,” with body movements that tell the story in a truly hilarious way. I watched it the other day on a website with an incredibly simple but potent message: that 545 people in Washington are responsible for all of America’s woes. Charley Reese, the writer, explained in an essay posted at LewRockwell.com:
With the U.S. debt having surpassed 100 percent of gross domestic product August 3, to $14.58 trillion, it’s crudely entertaining to see how multimillionaire lawmakers in Congress and administrations both past and present find “compassionate” ways to spend ever-more of taxpayers’ money. The following is just the most recent example of a “compassionate” expenditure taxpayers don’t need.
Not too long ago, The American Spectator contributor Jeffrey Lord authored a couple of articles within which he took to task third-place Republican presidential contender Ron Paul. Because some of Paul’s most earnest defenders have already dealt with the first article in good measure (see here and here), it is on the second of these critiques of the Texas Congressman that I will set my sights.
Former TARP chairman and Senate hopeful from Massachusetts Elizabeth Warren gave a shot in the arm to “progressives” everywhere this past Wednesday, with a rousing (or is it rabble-rousing?) extemporaneous speech on the virtues of taxing the rich. Her commentary quickly made the rounds on the Web and radio talk shows — and for good reason. Whatever this law professor said, she said it pretty darn well. Hey, If President Downgrade could articulate himself like that, he wouldn’t be in a bigamous relationship with a Teleprompter.