Welfare-Warfare State

Has military Keynesianism come to an end?

"There are few better ways of appreciating how the Republican Party has transformed in the last two years from a party of defense hawks to a party of deficit hawks than tracking how the sequester has turned from a threat to the nation’s defenses to an unparalleled opportunity to bring the government to heel. The whole panoply of vested interests surrounding defense that has ensured that federal spending on guarding our shores and keeping tyranny at bay has, since Eisenhower, become the main Keynesian engine of economic growth. Does the hushed response to this most profound assault upon defense spending mean the end of Keynesian militarism?" Continue reading →

Continue ReadingHas military Keynesianism come to an end?

Americans Are War Weary … And The Neocons Don’t Like It

"Americans may not know what's going on 'over there' or even know where 'over there' is on a map. But they do know that it's very expensive. Americans also know that the U.S. economy is a total disaster. CNBC can wave their pom-poms about a rising stock market, and the CPI can say 2% until the end of time. But the truth cannot be hidden. When Americans look at the unemployment surrounding them and the relentlessly rising bills hitting the mailbox, it doesn't cut it that the propaganda machine tells them it's only an illusion. The steel-tight system that the warmongers have crafted is eating itself alive." Continue reading →

Continue ReadingAmericans Are War Weary … And The Neocons Don’t Like It

Report: Obama officials issued $216 billion in regulations last year

"The Obama administration issued $236 billion worth of new regulations last year, according to a report from a conservative think tank. The analysis from the American Action Forum, led by former Congressional Budget Office Director Douglas Holtz-Eakin, found that the administration added $216 billion in rules and more than $20 billion in regulatory proposals in 2012. Complying with those rules will require an additional 87 million hours of paperwork, the report said. The group put the total price tag from regulations during Obama’s first term at more than $518 billion." Continue reading →

Continue ReadingReport: Obama officials issued $216 billion in regulations last year

Stop Fooling Ourselves: Americans Can’t Afford the Future

"Simply continuing along the status quo is a vote for digging ourselves deeper as the constraints of the future arrive. Behavior change is necessary in order to improve our chances. At the core of the needed change is redefining prosperity. In modern society, it has largely come to be defined by material possessions, usually assuming that the more (and the more expensive), the better. In the future, we'd do much better to define it by: our health (both physical and emotional), our purpose, our ability to meet our needs sustainably, our relationships, our level of happiness. In sum, all things that were once valued much higher in our culture." Continue reading →

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A Fiscal Lesson in Cyprus for Americans

"Would the U.S. government ever do these sorts of things? Well, don’t forget that President Roosevelt did it during the Great Depression when he nationalized gold and made it a felony offense to own it, notwithstanding the fact that it had been the official constitutional money of the United States since the founding of the nation. FDR ordered Americans to deliver their gold to the federal government, which paid them off in cheapened, devalued, irredeemable notes. It was a confiscation of wealth no different in principle from that that was done by the Argentine government and that is now being conducted by the Cyprus government." Continue reading →

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Debt addiction, USA: How much debt reduction has the crisis caused?

"The trend of ever-rising overall debt has thus continued. The deleveraging in the household and financial sector has, however, resulted in a reduced pace of debt accumulation overall, despite heavy borrowing from the federal government. In 2010, for the first time since 1992, the economy has grown faster than total debt, and this has continued in 2011 and in 2012, if at a slowing pace. Consequently, total debt stands at 359% of GDP today, slightly down from its peak of 381% in 2009. At 359% debt-to-GDP is back to where it was at in early 2007. Again, not much deleveraging has occurred in total." Continue reading →

Continue ReadingDebt addiction, USA: How much debt reduction has the crisis caused?

U.S., French tax laws cause concern for expats of Switzerland

"The Swiss government signed the controversial Fatca deal with the US last month. Parliament is due to discuss it later this year and political parties on the right and left have already announced they will reject it. Fatca obliges foreign banks to report offshore accounts held by US tax payers, including expats. The law is part of a policy by the US authorities to crack down on tax dodgers. France has announced it wants to revise a 1953 accord in a bid to recover inheritance tax from its citizens living in Switzerland and force Swiss who own property in France to be taxed there. The Swiss Abroad community as well as the cantons strongly oppose the amendments." Continue reading →

Continue ReadingU.S., French tax laws cause concern for expats of Switzerland

The 12 Companies Cashing In On Drones

"The U.S. military spent about $3 billion on drone programs last year, according to the Wall Street Journal. And as government spending cuts threaten to pinch some of that money, defense contractors are looking for ways to expand the drone market domestically to law enforcement agencies, universities and border patrols. According to HuffPo, here are 12 major corporations making money off of drones." Continue reading →

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Veteran Faces Jail Time For Using Marijuana As Treatment For PTSD

"Former U.S. Navy Corpsman Jeremy Usher came home in 2003 from Iraq and Afghanistan to sleepless nights and panic attacks, with vivid flashbacks of combat, horrifying nightmares, anxiety and depression, all amid memory loss and a severe stutter. He's doing well in counseling and school, he says, but he faces jail time for using marijuana medicinally while on probation to manage his PTSD and traumatic brain injury. Jeremy finds himself in legal limbo. Medicinal marijuana is the one treatment that's helped him with his PTSD, but he violates his probation when he uses it, which puts him at risk of going back to jail." Continue reading →

Continue ReadingVeteran Faces Jail Time For Using Marijuana As Treatment For PTSD

The Case Against Government Bans on Feeding the Homeless

"Cities like New York City, Philadelphia, and Houston have banned residents from sharing food with the homeless and less fortunate. In Chicago, for example, at least one politician, Ald. James Cappleman, recently tried to banish a Salvation Army food truck from feeding the homeless in his neighborhood. I called such laws 'unconstitutional, discriminatory, and wrongheaded' in a column I wrote over the summer. They remain so. But since I wrote that widely read column in June, I’ve noticed a welcome pattern emerging. These unjust laws are under attack." Continue reading →

Continue ReadingThe Case Against Government Bans on Feeding the Homeless