The communist regime of North Korea, following in the foot steps of China, was forced to abandon it’s planned, centralized, government controlled economy in favor of a free market in order to keep it’s citizens from starving to death. The economic policies of communism/socialism/Marxism have shown themselves once again to be unsustainable. The
President Bush, with the help of Congress, ran up gigantic yearly deficits in the the hundreds of billions of dollars. President Obama on the other hand, has managed to dwarf Bush’s record deficits. Despite the good game Obama has been talking the last few days about cutting the deficit and being fiscally [...]
I saw this political cartoon, and I had to post it. It is so true. Huge deficit spending and threatened tax increases during a recession takes away the ability for small businesses to create jobs. Democrats don’t understand this, do they? Why would a small business owner, who is worried about inflation, possible tax increases, [...]
It appears President Obama may be realizing that his deficit is becoming a huge problem. In light of many economists warning of the pending inflation risk and foreign creditors becoming nervous of buying U.S. debt, President Obama is eying a domestic spending freeze. According to the AP,
The Obama administration has alerted domestic [...]
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