Since Californians shrank their property taxes more than three decades ago by passing Proposition 13, people around the nation have echoed their dismay over such levies, putting forth plans to even them, simplify them, cap them, slash them. In an election here on Tuesday, residents of North Dakota will consider a measure that reaches far […]
Yesterday, C4L's Matt Burrow and I attended the Joint Economic Committee hearing where Ben Bernanke was testifying on the current state of the economy. Two exchanges during the hearing are worth paying attention to. The first, was Senator Jim DeMint asking Bernanke about interest rates. Bernanke appeared to scoff at the notion that saving $100 […]
On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities–$1.668 trillion.–CNSnews.com Federal Reserve CNS News – Top Customer: Under Obama, Fed’s Holdings of U.S. Debt […]
In a foreign policy speech before the Council on Foreign Relations yesterday, Senator Marco Rubio again displayed that he is nothing more than a neoconservative hawk who would love to send America's sons and daughters into a new field of battle against Iran, Syria, or any other perceived threat to American hegemony. Marco Rubio is […]
San Francisco District Attorney George Gascon doesn't mince words when it comes to the war on drugs. "It has been a failure," he told The Huffington Post. "It hasn't reduced drug use in any significant way. It's not good public policy. It hasn't worked." Gascon made his comments in the wake of a drug reform […]
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