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.
The Republican debate, that took place in Orlando’s packed convention center on September 22nd, came across to this viewer as the newest form of indoor sports rather than a serious political seminar. The verbal tennis match between Gov. Perry of Texas and ex-Governor of Massachusetts Mitt Romney took center stage during the two-hour event. It was a matter of scoring points rather than enlightening the public. It was very entertaining stuff, but not much else.