Finance

June 5th, 2023
By: Daniel Henninger – wsj.com – May 31, 2023 The Biden-McCarthy debt-ceiling deal is a compromise driven, according to conventional wisdom, by the threat of a U.S. default. The triggering event looked to me more like the threat of a hanging. Virtually everyone in political life knows the saying by the 18th-century British wit Samuel Johnson that nothing so concentrates...
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June 1st, 2023
By: The Editorial Board – wsj.com – May 31, 2023 Some conservatives are grousing that the debt-ceiling bill negotiated by Speaker Kevin McCarthy has left President Biden’s legislation of the last two years largely intact. That’s undeniable, but we also wonder what political planet these folks are occupying. Members of the House Freedom Caucus and 71 Republicans in total voted...
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June 1st, 2023
Soon both Social Security and Medicare will be broke. Our politicians don’t have the guts to do anything about it. Or even talk about it.
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May 30th, 2023
By Kevin McCarthy – wsj.com – May 28, 2023 In Washington, wasteful government spending almost always goes up. “When a business or an individual spends more than it makes, it goes bankrupt,” Ronald Reagan observed. “When government does it, it sends you the bill.” As a result, the growth of government and wasteful spending often seem inevitable. But House Republicans’...
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May 25th, 2023
Led by Biden, Democrats have deployed at least seven false, misleading, and nonsensical claims about the debt limit and default.
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May 25th, 2023
By: Noah Rothman – nationalreview.com – May 25, 2023 Negotiations between congressional Republicans and the White House over the concessions the GOP needs to hike the national debt-ceiling limit are approaching a crescendo. As the deadline nears, Americans are behaving in a way that seems to have bewildered observers of periodic partisan brawls over federal spending: They’re siding with the...
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May 24th, 2023
By: The Editorial Board – wsj.com – May 23, 2023 This could be a significant test of politicized investment by public pensions. New York law and regulation impose strict fiduciary duties on trustees of such funds. Plans are required to invest “for the exclusive benefit of the participants and beneficiaries” and with “care, skill, prudence and diligence.” State courts have...
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May 19th, 2023
Let me tell you how it will be There’s one for you, nineteen for me ‘Cause I’m the taxman Yeah, I’m the taxman These are the opening lyrics of the 1966 Beatles song “Taxman,” written by George Harrison. Why did he write it? Here’s my hypothesis. Source: We Need Another George Harrison
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May 16th, 2023
Traditional political wrangling over the debt ceiling is going nowhere. What about the gimmicks?
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May 12th, 2023
Recently, there has been a spate of horrific murders.The killers, whether committing mass shootings or single homicides, are hard to stereotype.
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