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Gallup conducts a quarterly survey that measures how small businesses feel about their present situation and what they’re planning in the months ahead. Until 2008, the index scores were generally higher than 100. Now: One in five small-business owners (21%) expect the number of jobs at their company to decrease over the next 12 months, […]

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Fiscal Cliff Arithmetic: How It All Adds Up, Or Doesn’t

 

On Monday, I looked at the president and the budget talks. What Mr. Obama has been saying comes down to politics and arithmetic — and it doesn’t add up.  Here’s why:

During the last election, Mr. Obama’s position on our deficit crisis came down to 1) more domestic spending, even radically more, 2) don’t touch entitlements, 3) tax the rich. And so, with spending now at 25% of GDP and, according to the Congressional Budget Office, headed to 46% of GDP by 2050 even if there is not a single addition to the list of government programs, the only action that the president has said we need is to up the very taxes that are most destructive to economic growth (see http://tinyurl.com/ctuk2o8). Maybe you can find someone who believes the deficit can be closed without strong economic growth.  I’ve never found such a person.   Democrats answer that we need all that spending to stimulate the economy at a time of nearly zero growth.  But there is increasing scholarship that points to spending as part of our growth problem, with spending at the levels of GDP we are seeing now depressing growth (see http://tinyurl.com/cy7aag5).

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All of this budget talk has prompted me to go back and google “obama balanced approach”. There are many examples including the great Dr. Sowell but I thought this from an Obama interview with Scott Pelley in early September with the headline Obama won’t compromise “balanced approach” on budget despite gridlock (air quotes in the original) encapsulated the difference in […]

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Let me set the stage thusly. Troy Senik excerpts Mike Murphy: The Republican challenge is not about better voter-turnout software; it is about policy. We repel Latinos, the fastest-growing voter group in the country, with our nativist opposition to immigration reform that offers a path to citizenship. We repel younger voters, who are much more […]

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Harvard Gives Official Recognition to S&M Sex Club

 

Did you ever wonder how much of a fool you have to be in order to land a top administrative job at Harvard? Now you know: On Wednesday, Harvard University granted official recognition to a new S&M sex club. Each week, about 20 students participate, and they will now be eligible for university funding and use of Harvard property for promotional purposes.

I’m sure the irony of seeking administrative approval for a subversive sex club is entirely lost on the Harvard students involved.

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Inspired by Ricochet’s foremost SEC fan, I was thinking of making a Ricochet ESPN College Bowl Mania group. Any interest? You can read about it here. If I get 5+ people interested, I’ll make a group and post the info to the member feed sometime next week after Saturday’s minor Indianapolis formality. Preview Open

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Everybody has fears of course, with lack of security, loneliness, death, uselessness, infirmity, goblins, ghouls, thieves, and an endless variety of real or perceived threats to existence being the first things that fly to my head. Fear of the government deserves a good word beyond anti-government phobia (AGP). It is not unique to left or […]

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Question: How can any Brit look across the pond disparagingly at Republican conservatism when this is the face of Treasury rationalism?  Michael Fabricant, the Tory MP for Lichfield, was sitting next to Culture Secretary Jeremy Hunt during Prime Minister’s Questions on Wednesday at the House of Commons. Preview Open

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While creating a devotional  journal entry this morning I was spell-checked when I typed the word COLOSSIANS.  Gmail wanted me to consider colossi-ans or just colossi.   (Sure, I believe the plural of colossus is far more used in our culture than the name for the book in the Bible, which is so rare as to qualify […]

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My wife bought all these old holiday movies like the Little Drummer Boy, Frosty, and of course, Rudolph the Red Nose Reindeer.  It was awesome to see this as an adult, especially with a bit of libation, along with a 5 and 10 year old.   There are so many things that just would not […]

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Each day, it seems, I grow more and more anxious about the state of our nation.  I had such hope that on November would begin a renaissance, an appreciation for liberty, limited governance, free markets and self-reliance but no!  My hopes were dashed and instead, I watch as Obama and the Democrats attempt to crush […]

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The exposition:  I am an engineer by training.  My niece is apparently becoming a flaming leftist.  I’d like, very much, to try to engage her in serious conversation, to partially counteract the non-liberal (classically, I mean) viewpoints she’s being fed (eating up?).  She is apparently reading Neitzsche, now (she is an architect by training, not […]

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Mike Murphy’s Diagnosis

 

At the behest of the Blue Yeti — who’d like you to know that Mike Murphy will be guesting on an upcoming episode of the Ricochet Podcast — I offer for your consideration Mr. Murphy’s diagnosis of what ails the GOP, courtesy of his latest entry at Time’s Swampland blog:

The Republican challenge is not about better voter-turnout software; it is about policy. We repel Latinos, the fastest-growing voter group in the country, with our nativist opposition to immigration reform that offers a path to citizenship. We repel younger voters, who are much more secular than their parents, with our opposition to same-sex marriage and our scolding tone on social issues. And we have lost much of our once solid connection to the middle class on kitchen-table economic issues.

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If you are interested in this particularly unsavory British export you should take a look at the great Guido Fawkes blog. Edit: sorry – been in the pub again – I should explain that the Leveson inquiry is a judge led inquiry commissioned by the government into abuses of the press. While the slating of Morgan is amusing […]

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Yesterday, one of Rob Long’s posts turned into a mini-debate on various methods seen in sci-fi literature for dealing with artificial intelligences that may or have taken control of humanity. I was so interested in it that I thought it worthy of its own post. There were two major methods mentioned yesterday: Preview Open

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