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2011 May 20 - Headline News
Page 1 of 1
Students Increasingly Embrace Small Government
I went to Princeton in 1969, where they taught me that government could solve the world's problems. Put the smartest people in a room, give them enough taxpayer money, and they will fix most everything. During those years, I heard nothing about an alternative.
How things have changed!
I recently spent time with several hundred college-aged people at a Students for Liberty conference in Washington, D.C. Here were hundreds of students who actually understand that government creates many of the problems, and freedom - personal and economic liberty - makes things better.
I appeared at the conference along with David Boaz of the Cato Institute. Here are some highlights.
Karina Zannat, a student at American University in Washington, D.C., said, "A lot of my professors seem to think that even when politicians spend money in seemingly wasteful ways, we should be OK with it because every dollar spent is one dollar that goes toward income for an American citizen."
This is a common canard known as the "broken window" fallacy. The 19th-century French free-market writer Frederic Bastiat exposed it with the story of a boy who breaks a shop window, prompting some townspeople to look at the bright side: fixing the window will stimulate economic activity in the town.
The fallacy, of course, is that had the window not been broken, the shopkeeper would have spent the money in more productive ways.
People often commit this fallacy - have a look at what's being written in the wake of Japan's tsunami.
[continued....]
http://www.newsmax.com/Stossel/StudentsforLiberty-CatoInstitute-DavidBoaz-stimulus/2011/03/30/id/391145
How things have changed!
I recently spent time with several hundred college-aged people at a Students for Liberty conference in Washington, D.C. Here were hundreds of students who actually understand that government creates many of the problems, and freedom - personal and economic liberty - makes things better.
I appeared at the conference along with David Boaz of the Cato Institute. Here are some highlights.
Karina Zannat, a student at American University in Washington, D.C., said, "A lot of my professors seem to think that even when politicians spend money in seemingly wasteful ways, we should be OK with it because every dollar spent is one dollar that goes toward income for an American citizen."
This is a common canard known as the "broken window" fallacy. The 19th-century French free-market writer Frederic Bastiat exposed it with the story of a boy who breaks a shop window, prompting some townspeople to look at the bright side: fixing the window will stimulate economic activity in the town.
The fallacy, of course, is that had the window not been broken, the shopkeeper would have spent the money in more productive ways.
People often commit this fallacy - have a look at what's being written in the wake of Japan's tsunami.
[continued....]
http://www.newsmax.com/Stossel/StudentsforLiberty-CatoInstitute-DavidBoaz-stimulus/2011/03/30/id/391145
Postal Service threatens again to not pay retiree benefits
The U.S. Postal Service is once again threatening to not pay roughly $5.4 billion in retiree health benefits this fall because it says it cannot afford to do so.
“This year I don’t have the cash, and I can’t make the payment,” Postmaster General Patrick R. Donahoe said in an interview Tuesday. “And if I did make the payment, I wouldn’t have cash to [pay] anything else.”
By law, the USPS must pay about $5.4 billion annually to prefund future retiree benefits. But Donahoe warned members of a Senate subcommittee on postal affairs Tuesday that he won’t be able to pay unless Congress acts before Sept. 30 to change the law.
“We must pay our employees and our suppliers,” Donahoe told the subcommittee. “But it must be understood that, absent legislative action, the Postal Service is certain to default on these substantial payments. This is clearly not the outcome we would choose, but without congressional involvement, the result is unavoidable.”
Donahoe’s predecessor, John E. Potter, also threatened last year not to pay future retiree benefits, arguing that the Postal Service couldn’t afford to do so.
[continued....]
http://www.washingtonpost.com/local/politics/postal-service-threatens-again-to-not-pay-retiree-benefits/2011/05/17/AFf2C75G_story.html
“This year I don’t have the cash, and I can’t make the payment,” Postmaster General Patrick R. Donahoe said in an interview Tuesday. “And if I did make the payment, I wouldn’t have cash to [pay] anything else.”
By law, the USPS must pay about $5.4 billion annually to prefund future retiree benefits. But Donahoe warned members of a Senate subcommittee on postal affairs Tuesday that he won’t be able to pay unless Congress acts before Sept. 30 to change the law.
“We must pay our employees and our suppliers,” Donahoe told the subcommittee. “But it must be understood that, absent legislative action, the Postal Service is certain to default on these substantial payments. This is clearly not the outcome we would choose, but without congressional involvement, the result is unavoidable.”
Donahoe’s predecessor, John E. Potter, also threatened last year not to pay future retiree benefits, arguing that the Postal Service couldn’t afford to do so.
[continued....]
http://www.washingtonpost.com/local/politics/postal-service-threatens-again-to-not-pay-retiree-benefits/2011/05/17/AFf2C75G_story.html
U.S. Loses Track of Millions Who Overstay Visas
Judicial Watch
Friday, May 20, 2011 6:19:24 PM
Almost a decade after Middle Eastern terrorists with expired visas attacked the U.S., the government has failed to implement a security measure to adequately track foreigners like them who enter the country legally but never leave. As a result nearly half of the nation’s estimated 12 million illegal immigrants actually entered the U.S. legally but overstayed their visa, according to a new federal report. That’s because the agency responsible for keeping the nation safe-the Department of Homeland Security-can’t keep track of immigrants who remain in the U.S. after their visas expire.
Friday, May 20, 2011 6:19:24 PM
Almost a decade after Middle Eastern terrorists with expired visas attacked the U.S., the government has failed to implement a security measure to adequately track foreigners like them who enter the country legally but never leave. As a result nearly half of the nation’s estimated 12 million illegal immigrants actually entered the U.S. legally but overstayed their visa, according to a new federal report. That’s because the agency responsible for keeping the nation safe-the Department of Homeland Security-can’t keep track of immigrants who remain in the U.S. after their visas expire.
Top 5 Revolutions Backed by George Soros
Multi-billionaire George Soros has been using his vast wealth at least since 1984 to “build vibrant and tolerant democracies whose governments are accountable to their citizens”, in his words. He has been “credited” or, more accurately, blamed for providing funding for several revolutions in which his preferred people took power. If you are a leftist, of course you might consider this to be a good thing as the groups Soros funds to do his dirty work are invariably leftist, including an enormous chunk of the radical Left here in America. Here are the top 5 revolutions, some ongoing, which have received substantial backing from George Soros.
[read all about the Soros revolutions....]
http://gulagbound.com/12652/top-5-revolutions-backed-by-george-soros
[read all about the Soros revolutions....]
http://gulagbound.com/12652/top-5-revolutions-backed-by-george-soros
Cornel West criticizes Obama
Scholar Cornel West’s scathing critique of President Obama’s liberal bona fides in a series of recent interviews has ignited a furious debate among African American bloggers and commentators.
The well-known Princeton professor and author, who has released rap albums and starred in Hollywood films, had been a supporter of Obama in 2008 but now calls the president a “black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.”
“I was thinking maybe he has at least some progressive populist instincts that could become more manifest after the cautious policies of being a senator,” West told Chris Hedges in an interview for the liberal political blog Truthdig, before calling Obama’s economic team “neo-liberal.”
Full story:
http://www.washingtonpost.com/politics/cornel-wests-criticism-of-obama-sparks-debate-among-african-americans/2011/05/18/AFlGTf6G_story.html
Read more: http://dailycaller.com/2011/05/18/cornel-west-criticizes-obama/#ixzz1MmwNEElg
[sniplet]
According to West, his relationship with Obama hit a low following a speech the president gave in July 2010 at the National Urban League’s centennial conference. West said Obama made a beeline to him after the speech and “cussed” him out, saying that West ought to be ashamed for saying Obama is not a progressive. White House aides did not dispute that Obama had scolded West.
The well-known Princeton professor and author, who has released rap albums and starred in Hollywood films, had been a supporter of Obama in 2008 but now calls the president a “black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.”
“I was thinking maybe he has at least some progressive populist instincts that could become more manifest after the cautious policies of being a senator,” West told Chris Hedges in an interview for the liberal political blog Truthdig, before calling Obama’s economic team “neo-liberal.”
Full story:
http://www.washingtonpost.com/politics/cornel-wests-criticism-of-obama-sparks-debate-among-african-americans/2011/05/18/AFlGTf6G_story.html
Read more: http://dailycaller.com/2011/05/18/cornel-west-criticizes-obama/#ixzz1MmwNEElg
[sniplet]
According to West, his relationship with Obama hit a low following a speech the president gave in July 2010 at the National Urban League’s centennial conference. West said Obama made a beeline to him after the speech and “cussed” him out, saying that West ought to be ashamed for saying Obama is not a progressive. White House aides did not dispute that Obama had scolded West.
2011 May 20 - Headline News
This DAY in History:
May 20, 1862:
The Homestead Act
In a milestone in the settlement of the American West, President Abraham Lincoln signs into law the Homestead Act, a program designed to grant public land to small farmers at low cost. The act gave 160 acres of land to any applicant who was the head of a household and 21 years or older, provided that the person settled on the land for five years and then paid a small filing fee. If settlers wished to obtain title earlier, they could do so after six months by paying $1.25 an acre.
The Homestead Act was first proposed in the 1850s, but Southern congressmen feared that the settlement of the West by small farmers would create an agricultural alternative to the Southern slave system. In 1858, a homestead bill was defeated by only one vote in the Senate, and in 1859 a bill was passed in both houses but vetoed by President James Buchanan. Passage of the bill was high on President Lincoln's agenda, and the loss of Southern congressmen in the secession removed most of the bill's congressional opposition. The president signed the Homestead Act into law on May 20, 1862. By the end of the Civil War, some 15,000 land claims had been made.
Most homesteaders were experienced farmers from the crowded east or Europe. By 1900, 600,000 claims had been made for some 80 million acres of public land. Although numerous claims continued to be made into the 20th century, the mechanization of American agriculture in the 1930s and 1940s led to the replacement of individual homesteads with a smaller number of much larger farms.
http://www.history.com/this-day-in-history/the-homestead-act
May 20, 1862:
The Homestead Act
In a milestone in the settlement of the American West, President Abraham Lincoln signs into law the Homestead Act, a program designed to grant public land to small farmers at low cost. The act gave 160 acres of land to any applicant who was the head of a household and 21 years or older, provided that the person settled on the land for five years and then paid a small filing fee. If settlers wished to obtain title earlier, they could do so after six months by paying $1.25 an acre.
The Homestead Act was first proposed in the 1850s, but Southern congressmen feared that the settlement of the West by small farmers would create an agricultural alternative to the Southern slave system. In 1858, a homestead bill was defeated by only one vote in the Senate, and in 1859 a bill was passed in both houses but vetoed by President James Buchanan. Passage of the bill was high on President Lincoln's agenda, and the loss of Southern congressmen in the secession removed most of the bill's congressional opposition. The president signed the Homestead Act into law on May 20, 1862. By the end of the Civil War, some 15,000 land claims had been made.
Most homesteaders were experienced farmers from the crowded east or Europe. By 1900, 600,000 claims had been made for some 80 million acres of public land. Although numerous claims continued to be made into the 20th century, the mechanization of American agriculture in the 1930s and 1940s led to the replacement of individual homesteads with a smaller number of much larger farms.
http://www.history.com/this-day-in-history/the-homestead-act
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