Cartoon By William Warren

As more details emerge about the debt deal that was struck between Congressional leaders and Obama last night, the more this legislation needs to be killed (via Heritage below) : The “Budget Control Act of 2011″ (BCA) contains provisions for a joint committee of Congress, whose supposed job it is to make recommendations to reduce the deficit by $1.5 trillion.  But the legislation does not require the joint committee to do that job.  It […]

If the debt deal is so good, why are markets going so crazy ? The dollar fell to new lows Monday against the Swiss franc and the Japanese yen, which traders tend to buy when they’re seeking safety. And then there is this with Wall Street : The pace of growth in the U.S. manufacturing sector slowed more than expected in July , according to […]

By Rick Manning – When it takes about five minutes for President Obama and Senate Majority Leader Harry Reid (D-Nev.) to sign on to a new debt deal, perhaps Republicans should look for the trapdoors. Based upon press reports, here are just four. Contrary to what the […]

To receive the Must Reads in your inbox,  click here ! Good Monday morning, Here are the  Must Reads according to  Adam Bitely : The ‘no solution’ debt deal Debt deal a partial solution at best Democrats put politics ahead of policy–again Washington’s budget theater The debt deal: Failures of leadership and resolve D.C. has highest alcohol abuse rate in nation… The facts about spending cuts, the debt, and the GDP Happy 99th Birthday, Milton Friedman! Gov. Jindal’s opposition to health care exchanges divides libertarians and conservatives

By Kevin Mooney — By refusing to set up a health care insurance exchange system that could be used to advance ObamaCare regulations, Gov. Bobby Jindal has cut a path that other state officials should follow, argue analysts with the Cato Institute. However, other leading […]

By Bill Wilson – A late deal struck by House and Senate leaders to raise the debt ceiling — with spending cuts that won’t balance the budget anytime soon, if ever — is a sad commentary on the state of affairs in Washington. There is no solution […]

Barack Obama, Harry Reid, and Mitch McConnell have reached a debt deal agreement, while Boehner possible holds out. The deal would cut as little as $2 trillion over the next decade. Boehner is supposedly concerned that the deal would cut too much from the Pentagon , and is still considering whether he will support the legislation. Further trouble for […]

Today is the 99th Birthday of Milton Friedman, one of the most important economists of all time! We remember him with this Friedman quote and video below (H/T to Don Boudreaux for running the quote at his fine blog, Cafe Hayek ): When “fairness” replaces “freedom,” all our liberties are in danger. In Walden, Thoreau says: “If […]

Harry Reid’s debt plan is the latest debt ceiling increase legislation to die in Congress. By a vote of 173-246, the House put the kibosh on Harry Reid’s debt plan. House Majority Leader Cantor announces that the House will not have any more votes until […]