Squandering the American Dream with Wasteful Spending

Do we really need 234 military golf courses around the world, an $80 million military ski resort in the Bavarian Alps and a parade of unnecessary weapons, ships, and planes?It is increasingly obvious that our enormous untouchable “military” budget is not always being used for our national defense.Likewise, our massive health care budget, both public and private, is not making us any healthier. Much of the spending is squandered by inflated payments to a bloated medical establishment. Why does a simple colonoscopy cost Americans nearly $7,000 when the same procedure costs $700 in the rest of the advanced nations? Healthcare and military costs are the elephants in the American economy. All other spending is minor compared to spending on healthcare … Continue reading

Senate Leaders Urge President Obama To Consider ‘Any Lawful Steps’ To Avoid Default

President Obama should consider “any lawful steps,” including action without congressional approval, to raise the federal debt ceiling in order to avoid a repeat of the brinksmanship last seen on the issue in 2011, top Senate Democrats advise. In a letter to the president dated January 11, the Senate Democratic leadership warns Obama not to fall prey once again to intransigence and obstruction from Republicans, who made a political issue over raising the debt limit which ultimately downgraded the government’s sterling credit rating. The Democrats’ letter doesn’t mention it explicitly, but it would seem to be tacit approval over a plan to mint a $1 trillion coin to avoid the sort of damaging negotiations with GOP lawmakers over the debt … Continue reading

Congressional Sponsors Angry After SOPA/PIPA Votes Delayed

Wednesday’s massive Internet protest against two controversial anti-piracy bills appeared to have some effect, as congressional leaders agreed to put off a vote on the legislation. However, it’s obvious that the fight isn’t over for opponents who contend the bills are so broadly written that they could lead to unchecked online censorship. Although lawmakers bowed to the extraordinary pressure of Wednesday’s protest — in which many popular websites “went dark” in protest over the Stop Online Piracy Act (SOPA) and its Senate twin, the Protect IP Act (PIPA) — it’s clear they aren’t happy about it. Senate Majority Leader Harry Reid (D-Nev.) announced Friday that he would delay the upcoming vote on PIPA. “In light of recent events, I have … Continue reading