Hey, Colorado, guess what? Leave the Democrats in charge in your state for too long, and taste the fruits of bad fiscal judgment. Witness this Face The State story about my own state senator:Audio from April 3 uncovered by Face The State reveals Sen. Moe Keller, a Wheat Ridge Democrat and chairwoman of the Joint Budget Committee, optimistically arguing that Colorado’s economic future is a bright one, even though Federal Reserve Chairman Ben Bernanke predicted on that same day the country was headed into a recession. "We do not have a projection from our economists that we are going into a fiscal train wreck," she said. Moe Keller and her fellow Democrats at the State Capitol are just happy to spend your money while the spending is … [Read more...]
Passing Thoughts on “Bailout” Debate
Passing thoughts on the "bailout" debate.... John Hawkins at Right Wing News:If the history of government intervention in this country has taught us anything, it's that we should be much more afraid of the long term ramifications of the government rushing through an emergency "solution" to a problem than the actual problem the government is trying to "solve" in the first place. Agreed. In that spirit, the Heritage Foundation has an excellent piece urging Congress to live up to its "deliberative" role in this debate. Meanwhile, Rossputin has recanted his initial tentative support of the administration's $700 billion bailout plan, writing:[Federal Reserve Chairman Ben] Bernanke is warning us that doing nothing poses serious risks to … [Read more...]