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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Feb. 15, 2013/ 5 Adar, 5773

Why should banks risk capital on innovative new companies with brilliant ideas when Washington dutifully repays interest and principle on those boring old savings bonds --- albeit with freshly printed cash?

By Deroy Murdock




http://www.JewishWorldReview.com | Fiscal conservatives unwittingly sabotage themselves by warning that the $16.5 trillion national debt will impoverish America's children and deliver unborn grandkids directly into Chinese slavery. While these dire predictions may come true, calling America's massive indebtedness a challenge for future generations triggers relaxation about an immediate priority: curtailing federal spending and borrowing. By defending "the children," budget hawks let big spenders invoke Scarlett O'Hara to justify their profligacy, at least until the tykes mature. "Cut the budget later," spendthrifts propose. "Tomorrow is another day."

Unfortunately, annual deficits and the accumulated national debt are harming American adults right now.

Uncle Sam is a morbidly obese glutton with a bottomless appetite. Once he has waddled away from the buffet table, little remains for everyone else but breadsticks and several drops of soup.

David Malpass, a New York-based economist with Encima Global LLC and a former Reagan administration Treasury official, understands how Washington crowds out private-sector borrowers in order to finance reckless spending and service yesterday's debt.

Back in December 2009, Malpass explained in The Wall Street Journal how the Federal Reserve's purchases of Treasury bonds and mortgage-backed securities caused capital to be "rationed not on price but on availability and connections. The government gets the most, foreigners second, Wall Street and big companies third, with not much left over." Consequently, Malpass added, "for small businesses and new workers, capital rationing is devastating, spelling business failures and painful layoffs. Thousands of startups won't launch due to credit shortages, in part because the government and corporations took more credit than they needed. ..."

Three years hence, the conditions that Malpass lamented linger like an unshakable low-grade flu. Between the end of September 2011 and the same date in 2012, total outstanding federal debt grew 12.3 percent, while corporate debt expanded by 5.9 percent. Among non-corporate businesses, it fell 1.2 percent. For households, it dropped 1.9 percent. This is anomalous, Malpass notes, since "small-business credit has usually expanded at a faster rate than corporate credit."

This is a stunning plunge in lending to entrepreneurs and small businesses -- the twin engines of job creation. "Credit markets once provided $300 billion to $550 billion net new credit per quarter to the non-financial private sector," Malpass recently observed. "This helped fund new investment, inventories and other working capital needs. ... Private-sector credit increased only a net $66 billion in the third quarter of 2012."

Why should banks risk capital on innovative new companies with brilliant ideas when Washington dutifully repays interest and principle on those boring old savings bonds -- albeit with freshly printed cash?

And what happens when Uncle Sam devours most of the smorgasbord?

Unemployment reaches 7.9 percent while the economy contracts 0.1 percent in the fourth quarter of 2012. Rather than hire people and expand operations, business managers bite their nails and fret that paying off the debt will unleash a stampede of new taxes.

Touchingly oblivious to all of this, House Democratic leader Nancy Pelosi of California last weekend told "Fox News Sunday": "It is almost a false argument to say we have a spending problem."

If only Washington had a spending problem; it has a spending addiction. Congress and the White House should go cold turkey and terminate antiquated and destructive programs and agencies (e.g., depart the housing sector). From environmentally mundane Western acreage to empty office buildings, federal assets should be privatized. Social Security and Medicare beneficiaries should face affluence tests. Also, the eligibility age of 65 to 67 should acknowledge that life expectancy is not 62 (as in 1935, when Social Security began) nor 70 (as in 1965, when Medicare commenced). Americans now typically stick around for 79 years.

With all due affection for the children and grandchildren, they eventually will feel the wrath of Obama's (so far) 55.5 percent national debt hike. Meanwhile, trillion-dollar annual deficits, rampant borrowing and the $16.5 trillion national debt are punishing American individuals, families and businesses today.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Deroy Murdock is a columnist with Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.



Previously:

02/08/13: Control government's guns

02/01/13: GOP lacks guts, imagination on spending cuts

01/25/13: How to guarantee the rich flee

01/18/13: Limitless and lawless bipartisanship

01/11/13: The most frightful environmental nightmare isn't

01/04/13: 'Fiscal cliff' leaves GOP dazed, confused and fractured

12/21/12: How sad that nearly every Democrat and too many Republicans cannot grasp a concept self-evident even to a Cuban Communist

12/07/12: A simple fact on which every American should meditate

11/30/12: GOP should hammer Left about racism

11/21/12: How Squanto became a Thanksgiving symbol

11/09/12: Obama's re-election bewilders

11/05/12: Actually, Obama is growing the economy

10/26/12: Romney's ignored Mitt-zvahs

10/19/12: Obama's most dangerous disappointment

10/12/12: About Behghazi, Obama lied, people died --- and few bother to cry (out)

10/05//12: Obama the exacerbater

09/28/12: Barack Obama, slacker-in-chief

09/24/12: Citizens or subjects? Candidates offer choice

08/17/12: Dems ignore own issues with Medicare

08/13/12: Speech Romney should give on Bain

07/20/12: Obama's green projects bleeding red

07/13/12: EPA, why fine oil firms over fantasy biofuel?

07/06/12: How about remembering Mexican victims of 'Fast and Furious'?

06/29/12: Health-care victory will give Obama headaches

06/22/12: Mitt Romney, get on bus

06/18/12: The 'racist' Florida vote purge obeys federal law

06/08/12: Scott Walker's win should propel big reforms, stiffen pols' spines

06/01/12: Regulators regulate, and that's a problem

05/25/12: WWII hero Karski to receive U.S. Medal of Freedom

05/18/12: Not the behavior of normal Americans

05/18/12: Spacemen to NASA: Cool it on global warming

05/04/12: Libs want to plunge the penthouse

04/27/12: Obama and company are pushing hard on the pedal for deadlier cars

04/20/12: We don't need no stinkin' budget?

04/14/12: New Reasons to Hate Obamacare

04/06/12: Team Obama plays energy policy for laughs

03/30/12: Twitchy Dems need to let workers put tax-cut money in retirement funds

03/23/12: Why not $100-an-hour minimum wage?

03/15/12: The real (high) cost of Obama's health care act

03/09/12: Race-baiting Dems oppose voter ID

03/02/12: Forget kids --- today's debt hurts adults

02/24/12: Dems arise against Obamacare

02/17/12: The voting dead are understated

02/10/12: Holder takes on 'racist' photo-ID cards: Prejudice is widespread --- even Obama backed them

02/03/12: On tax plans, Gingrich trumps Romney

01/27/12: Photo IDs can protect elections, let dead rest

01/20/12: Romney runs hot and cold on global warming

01/13/12: Economic freedom declines in U.S.

01/06/12: Time to yank off Mitt's mask

12/23/11: Boehner hands Dems a gift

12/15/11: The U.S. could learn much from Hong Kong

12/09/11:$687 billion is available to Congress free of strings

12/02/11: Obama criticizes Wall Street but takes money from it

11/18/11: Puerto Rico shows Washington the way

11/11/11: Take heed, America: In Ohio even left-wing unionists voted to repeal ObamaCare

10/28/11: Thanks, Netanyahu, for surge of hardened terrorists

10/24/11:The Obama Spend-O-Rama

10/17/11: Cain stakes his viable claim just by showing up

10/07/11: Green jobs are national scandal

10/04/11: Obama proudly declares class war

09/23/11: Obama wrong about ‘Do-Nothing’ Congress

09/16/11: Obama needs Ryan's vision on jobs

09/09/11: Reaganomics trounces Obamanomics

09/02/11: Labor leaders to Obama: Stop killing jobs

08/26/11: Pro-market Perry vaults over Romney in GOP race

08/19/11: Some rich Americans will not rest until Washington boosts their taxes

08/12/11: Hope, change and free birth control for all

08/05/11: Debt deal does virtually nothing

07/21/11: Dems pro-choice on abortion but little else

07/15/11: Debt deception: If only Dems were honest and GOPers were courageous

07/08/11: Congress' war on light bulb blows up





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