May 22, 2013
They launched the 'Arab Spring' but now yearn for the good old days of a strongman
May 20, 2013
Richard A. Serrano: Is Meir Kahane's assassin now a changed man?
Genetic copies of living people from embryos no longer science fiction
Jewz in the Newz by Nate Bloom :
The Kosher Gourmet by Cathy Pollak:
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May 13, 2013
Rabbi Nathan Lopes Cardozo: Why the giving of the document that would permanently change the world could only be done in desolation
David G. Savage:
Church-state, literally? Supreme Court weighing public school graduation in a church
May 10, 2013
Rabbi Berel Wein: Be all that you should be
May 8, 2013
Peter Ford: Why China is welcoming both Israel's Netanyahu and Palestinians' Abbas
Obama administration quietly backs out of appeal over new contraceptive mandate
At Kerry-Putin meeting, US-Russia relations thaw --- a tad
The Kosher Gourmet by Leela Cyd Ross :
Almost too pretty to eat, this colorful salad with Sicilian inspiration will tickle the taste buds and delight your visual sensibility
May 6, 2013
May 3, 2013
Kids, kittens the Same?
With employee perks at struggling Internet pioneer Yahoo! it's hard to tell
Artificial kidney offers hope to patients tethered to a dialysis machine
April 29, 2013
Poland's new Jewish museum celebrates life, doesn't revisit Holocaust
Terrorism in America: Is US missing a chance to learn from failed plots?
Boston Bomber's 'Svengali' Revealed
Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA
April 26, 2013
Clifford D. May:
Defense in the Age of Jihadist Terrorism
Sharon Palmer, R.D.:
How to feel your best -- with plenty of energy, a healthy weight and optimal mental and physical function -- without driving yourself batty
April 24, 2013
Jewish World Review
Time to starve the spending beast
"Politicians will always spend every penny of tax raised and whatever else they can get away with."
– Milton Friedman
The bipartisan debt commission headed by Democrat Erskine Bowles and Republican Alan Simpson was tasked with recommending ways to reduce the national debt. These seasoned Washington insiders came up with some reasonable recommendations, which will be treated like most smart decisions in Washington: They will be totally ignored.
Both sides will, no doubt, talk in their speech about cutting spending, but rest assured, the commission is all for show. As we know, all politicians do is act like they care about an issue and ask for money. Then they consider the problem solved.
President Obama has one solution for our financial problems: raise taxes. What Washington is saying is give the government more money via tax increases and it will spend less. That is like Kirstie Alley saying if you give her more food, she will eat less.
The notion that we can spend our way out of debt is like thinking you can eat your way out of obesity. Cutting spending is never done without some pain, but we can either have a little pain now or a lot of pain later.
Historically, each new dollar in taxes results in $1.17 to $1.81 in new spending. We have to starve the monster that is Washington, not feed it. The more we feed it, the more it will want later.
Aside from the debt it racks up, the more money we give to the federal government, the more we cede our power and our freedoms to politicians. Entitlement teaches dependency.
Politicians squander money. There was even an excuse by the Obama administration and its auditors that the dispensing of stimulus funds was held up because there were not enough federal workers to administer the spending. In short, there are not enough government bureaucrats to spend money we do not have to "create" jobs that have not materialized. And now we are out of stimulus money. So you tell me: should we give these Bozos more money?
It is clear that neither Obama nor many in his administration understand business and how it has been responsible for all the gains in standard of living enjoyed by Americans over the past 200 years. Twice he has taken slanderous jabs at Las Vegas by telling people not to go "blow their cash" there. At least in Las Vegas you have a chance of getting some return on your cash. By contrast, Washington is a financial black hole.
Taxes take money from the most productive part of society (the person or business who made the money in the first place) and redistributes it, after government's nefarious hands take their cut, to the least-productive part of society. The moochers take money from the producers, distributed by politicians who grease the hands of their cronies in the process. Money in private hands is always better for the economy.
Greece almost went under from massive government spending and unsustainable entitlements. Most of Europe is cutting spending to get their act together. Our president was treated like a pariah on his overseas trip to the G20 summit for demanding that everyone else spend money in order to stimulate the economy. There has not been a worse trip overseas since the Griswalds' trip with Chevy Chase in the 1980s. We now have President Obama-adopolis, who is better suited to have been running Greece in the ground, rather than a sane economic policy.
I am reminded of a story that best summarizes what needs to be done here. Two farmers are going broke, and one says to the other, "I am going to have to get rid of my blue tick hound dog." The other farmer asks why, and the first farmer says he cannot afford to feed the dog. The second farmer says, "Why don't you do what I did? I started feeding my dog poke salad. It grows abundantly in the field, it's nutritious, and it's free." The first farmer says, "I don't think my dog will like eating poke salad." The second farmer says, "You know, my dog didn't like it much either for the first few days."
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JWR contributor Ron Hart grew up in Tennessee and began writing a column for his hometown paper in 2002. He attended The University of Memphis and the Institute for Political and Economic Systems at Georgetown University. Ron graduated Magna Cum Laude and was elected student government president. Upon getting his MBA, he went to work for Goldman Sachs. He was appointed to the Tennessee Board of Regents by then Governor Lamar Alexander and is now a private investor. He appears on CNN and has been quoted in numerous publications including the Wall Street Journal.
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