Browsing All posts tagged under »big government«

Levathian Inc.

August 9, 2010 by

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Governments seem to have forgotten that picking industrial winners nearly always fails.  Government intervention seems to have become a global phenomenon.  Long gone are the fears of unintended consequences.  The last major financial crisis has been used by politicians to make the concept of a “nanny state” more and more acceptable.  The economist makes a compelling argument why […]

Breaking news (I’m not surprised!): May Jobs report is a disappointment!

June 4, 2010 by

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President Obama and his Vice President are happy to report “job growth” for 5 months in a row!  Nonfarm payrolls up 431,000 in May but this number doesn’t paint the whole picture. Although unemployment is down by 0.2% from 9.9% to 9.7%, job Growth did not meet most economists expectations, but I can’t say that I am […]

Fiscal Deficits, Unprecedented Government Debt: Act Now or Pray for God to Save us All!

June 2, 2010 by

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The nation is facing a fiscal emergency. Debt is exploding and federal spending exceeds revenues by more than $1 trillion a year. read more about this interesting article published by senior economic policy expert Chris Edwards from the Cato Institute: Federal Spending Limit

Should a majority pay for the sins of an elite few? The costs of regulation

April 19, 2010 by

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By Orphe P. Divounguy News headlines: The Securities and Exchange Commission accused Goldman Sachs of “defrauding” investors. Certainly betting against a financial product that you sell to your clients may be considered morally wrong. The financial sector needs more corporate responsibility but is regulation the answer? Allow me to point out that these “defrauded” investors […]

New Video exposes nightmare of IRS complexity

April 13, 2010 by

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Wake up and smell the coffee! Tough times in America: Who’s to blame? Part 2

April 9, 2010 by

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By Orphe P. Divounguy Earlier this week, senior White House economic advisor Paul Volcker uttered words that no one wanted to hear:  “If, at the end of the day, we need to raise taxes, we should raise taxes!”  Mr. Volcker was referring to the leviathan US government debt caused by the administration’s out of control […]

Tough times in America: Who’s to blame?

April 8, 2010 by

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By Orphe P. Divounguy According to the United States Department of Labor Bureau of Labor Statistics, 703,050 people are considered non-farm employees in the Washington DC area of which approximately 234,000 work in the public sector, 33.3% of the labor force.  Wages are the highest in the District of Columbia at $32.37 per hour, on […]