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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
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 August 5, 2011 / 5 Menachem-Av, 5771

Debt deal does virtually nothing

By Deroy Murdock




http://www.JewishWorldReview.com | There is plenty to dislike about the recently enacted bipartisan deal to cut spending and reduce the national debt.

For starters, it neither cuts spending, nor reduces the national debt. After weeks of federal hand-wringing, taxpayers should hope that our masters in Washington become serious about slashing spending. If not, this republic will implode, not eventually on "the children," but soon atop today's struggling adults.

"The budget deal doesn't cut federal spending at all," Cato Institute analyst Chris Edwards explains. "The 'cuts' in the deal are only cuts from the Congressional Budget Office's 'baseline,' which is a Washington construct of ever-rising spending ... The federal government will still run a deficit of $1 trillion next year. This deal will 'cut' the 2012 budget of $3.6 trillion by just $22 billion, or less than 1 percent."

Edwards observes that Washington's "cuts" rarely reduce anything. President Barack Obama, for instance, proposed boosting the Corporation for Public Broadcasting from $432 million this year to $451 million in FY 2012. However, handing CPB $441 million would constitute a $10 million "cut" In Washington versus a $9 million increase in the real-world.

Thus, as Edwards vividly illustrates at Cato's downsizinggovernment.org website, these budget "cuts" actually raise federal discretionary spending non-stop for the next 10 years -- from $1.04 trillion in Fiscal Year 2012 to $1.23 trillion in FY 2021.

As for red ink, Washington just extended the federal credit card's limit from $14.3 trillion to $16.7 trillion. In 2021, the national debt is expected to reach $22 trillion -- a figure 54 percent above $14.3 trillion. What debt reduction?

Washington refuses to learn what millions of overextended Americans recognize daily: One cannot escape debt by tunneling ever deeper into it.

Fitch, Moody's, and Standard & Poor's monitor all of this and are weighing whether or not to scrap America's sterling AAA credit rating. A debt downgrade would hammer national prestige, hike interest rates, and heap short-term agony on an already achy nation. However, such a startling development may supply the face-down-in-the-gutter moment that Washington's bipartisan spendaholics desperately need to hit rock bottom, grow up, and enter rehab. Everything else has failed during the Bush-Obama era of the ever-expanding state.

Meanwhile, the Select Committee that will spring from the debt deal may generate some good news amid these shadows. As it seeks at least $1.5 trillion in spending cuts by November 23, it should act boldly to improve America's fiscal outlook:

-- A staggering $703 billion in allocated but unspent revenues languish in federal accounts. Several Republicans have sponsored bills to shift this K2 of cash from dust collection to debt reduction. I have addressed these forgotten funds so often that my computer keyboard hurts. Will the Select Committee finally listen?

-- The Catalog of Federal Domestic Assistance includes the People's Garden Grant Program, Appalachian Development Highway System, and 2,182 other federal subsidy programs. Many of these should be terminated rather than trimmed, so they never return to menace taxpayers.

-- The Select Committee should padlock entire departments (Agriculture, Education, and Housing, for starters), privatize other agencies (FAA, National Weather Service, NPR), and devolve many more to the states via block grants (Medicaid, Food Stamps).

-- The Select Committee should raise and index the Social Security eligibility age from 67 to 68 for those born in the 1960s, 69 for children of the '70s, etc. Medicare's age-65 threshold similarly should be modernized for these cohorts. Old-age benefits should reflect life expectancy today, not in the 1930s and '60s, when they were concocted.

"We are less than three years away from where Greece had its debt crisis as to where they were from debt to GDP," former U.S. Comptroller General David Walker told CNBC Tuesday. "We are not exempt from a debt crisis," he added. "We have serious interest rate risk. We have serious currency risk. We have serious inflation risk over time. If it happens, it will be sudden, and it will be very painful."

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:

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





© 2011, SCRIPPS HOWARD NEWS SERVICE

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