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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 Jan. 20, 2009 / 24 Teves 5769

INSOLVENT!

By Cal Thomas


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http://www.JewishWorldReview.com | The late Edward Bennett Williams, attorney and owner of The Washington Redskins, once said of his coach, George Allen: "I gave him an unlimited expense account and he exceeded it."


That is how many Americans feel about the federal government. Though it has unlimited possibilities for spending, it regularly exceeds them. Who lives like this? Who could? When your credit card debt is too high, you have to pay it off and reduce spending. Government lives in an alternate universe, declaring that while debt is bad, we have to incur more debt in order to get out of debt. Try that argument when MasterCard calls to say you're over your limit.


We speak of debt in the trillions of dollars as if we were talking about a slight discrepancy in the checkbook. Few can fathom the hole we are digging for ourselves.


House Minority Leader John Boehner, who represents a party with unclean hands when it comes to deficit spending, nevertheless has compiled a useful list of "fun facts" about the spending bill crafted by House Democrats.


Boehner says the Democrats' massive spending bill will cost every American household $6,700 in additional debt and that the total cost of just this one piece of legislation is nearly as much as the annual discretionary budget for the entire federal government.


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President Obama has said his proposed stimulus legislation, which is in addition to what has already been thrown at banks and other sinking entities, "will create or save 3 million jobs." Each job would cost $275,000. "The average household income in the U.S. is $50,000 a year." Wouldn't it be better just to send people a check? The House bill has enough spending in it to give every American man, woman and child $2,700. They could probably spend or invest it better than government.


Democrats claim most of the money is for "infrastructure," but only 3 percent is for repairing bridges and highways. A recent Congressional Budget Office study found that "only 25 percent of infrastructure dollars can be spent in the first year, making the one-year total less than $7 billion for infrastructure." Not exactly a pump-priming amount.


Much of the money is going to programs that have large unspent balances. One example is Community Development Block Grants; "...the bill provides $1 billion for CDBG, which already have $16 billion on hand. And, this year, Congress has plans to rescind $9 billion in highway funding that the states have not yet used."


When President Clinton proposed stimulus legislation in 1993, it was for "only" $16 billion. Unemployment then was about the same as it is today (around 7 percent). Why does it take trillions to stimulate the economy today and only $16 billion to stimulate it in 1993?


There are plenty of add-ons in the House bill that have nothing to do with creating jobs, including $650 million for digital TV coupons. It might be cheaper to buy new TVs for the relative few who have old ones. There is $6 billion for colleges and universities, many of which have billion-dollar endowments. States will get $166 billion, though many have failed to budget wisely. There is $200 million to repair the National Mall and $400 million for "National Treasures."


Growing numbers of economists are expressing alarm about this trillion-dollar spending plan. Lee Ohanian, professor of economics at UCLA, says, "...it is not in any sense clear that the benefits justify the significant price tag of the package ... the historical record of government stimulus programs is poor. I can't think of a single fiscal stimulus program that demonstrably moderated a recession. But there is ample evidence based on peer-reviewed research that these programs have substantially damaged the U.S. economy, such as the New Deal programs in the 1930s."


Brian Strow, associate professor of economics at Western Kentucky University, says, "Government spending isn't a magic pill. It must be paid for. Spending today will most likely be paid by taxes tomorrow. ... Government debt is redistributive in nature. ... Since when have governments been better than markets in determining the best places to spend money?"


They aren't, of course, but the party of government and dependency on government wants to grow that dependency in order to solidify its power. The problem is even greater when one considers those countries to which we are indebted. We are mortgaging the future and perhaps the vitality of America, and too few people seem to care.

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


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Cal Thomas Archives

JWR contributor Cal Thomas is co-author with Bob Beckel, a liberal Democratic Party strategist, of "Common Ground: How to Stop the Partisan War That is Destroying America". Comment by clicking here.

© 2006, Tribune Media Services, Inc.

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