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Money & The Economy

News on Finance, Money, markets and the economy

Rebuttal of William Hartung’s lies about defense spending and US defense needs

In a recent (Feb. 22nd) opinion piece for CNN’s website, liberal anti-defense hack William Hartung of the George-Soros-funded “New America Foundation”, a stridently liberal group, stated many blatant lies about America’s defense spending and defense needs. This article is intended not only to refute his lies, but also to show how absurd they are, as they are a representative sample ...

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Rebuttal of CATO’s pseudo-“truth” about sequestration

As a leftist libertarian, anti-defense organization founded in 1977 by the anarcho-libertarian Murray Rothbard (who believed the US was solely to blame for the Cold War and “Russia was the aggrieved side” and who feted Stalinist butcher Nikita Khrushchev), CATO has consistently lied about America’s defense spending, policy, force structure, and needs, and has advocated deep, disastrous cuts in America’s ...

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Help STOP precipitous cuts in America’s nuclear deterrent

The extreme Left has not given up. Despite all the facts proving the need for continued nuclear deterrence and for a large, modern American nuclear deterrent, the extreme Left – led by Reps. Keith Ellison (D-MN) and Ed Markey (D-MA, now a Senate candidate), the left continues to work to disarm America unilaterally. Purporting to want to solve the problem ...

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Obama: I was FOR Sequestration Before I was AGAINST it.

Obama failures

Remember this? In 2011 President Obama threatened to veto any attempt by Republicans to change the Sequestration cuts. But last week? President Obama talks of Armageddon, chaos will erupt and life as we know it will end. Oops…maybe the pendulum swung too far…and the president again rethinks his position telling the Business Council that this is not a cliff but ...

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Optimizing Your Dollar—A Well-Stocked Pantry

This week our dollar stretching idea looks at the well-stocked pantry. Quick and easy to prepare meals mean less temptation to eat out and leftovers often make a great lunch at work. Often packaged foods have higher levels of salt, unexpected preservatives and other additives, fats you don’t want. But then, the same could be said about many meals at ...

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“Taxpayers for Common Sense” and CAGW caught lying to the Congress

Two pseudo-conservative groups’ presidents, Ryan Alexander of “Taxpayers for Common Sense” and Thomas Schatz of Citizens Against Government Waste, lied to the House Oversight and Government Reform Committee on February 5th. In an attempt to fool the Congress into agreeing to deep, harmful defense cuts – whacking at the military’s muscle, not fat – they lied to the Congress by ...

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Rebuttal of the “we can cut defense spending deeply at no cost to security” notion

In a recent 3-minute video, Christopher Preble of the CATO Institute falsely claimed that the US could “spending considerably less on defense at no cost to security”. That was just one of the many blatant lies made in the video; it, like others, was refuted in a recent article, but this lie was particularly blatant and egregious, and therefore, I ...

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Rebuttal of the CATO Institute’s blatant lies

The George-Soros-funded CATO Institute has recently put out a 3-minute video titled “The Truth About Sequestration” which, however, is a litany of blatant lies about sequestration and defense issues. They claim, inter alia, that sequestration would be only a “one-year cut” in defense spending; that by the end of the sequestration decade, defense spending would be $100 bn higher than ...

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Why deep defense cuts MUST be avoided at all costs

I could just as well title this article “why defense must always be fully funded” or “why America must always maintain a strong, second-to-none defense”, but all three titles effectively mean the same thing, so I have chosen the above one. We are being told from all directions by various kinds of people – from liberals like Clinton Admin official ...

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Walmart: Consumers Impacted by Smaller Paycheck

In leaked emails Wal-Mart execs warned of troubling signs in the economy to start the new year.  After a good Christmas the sales giant saw a slow January followed by an even more dismal early February. Wal-Mart Stores had the worst sales start to a month in seven years as payroll-tax increases hit shoppers already battling a slow economy, according ...

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Sequestration, nuclear disarmament prove that Washington has learned nothing

As the sequestration of the defense budget – coming on top of all defense cuts previously administered or ordered – approaches, and as Obama prepares to unilaterally cut the US nuclear deterrent again, this time down to just 1,000 deployed warheads – leftists (including leftist libertarians) are again telling us that we have nothing to fear, that America will still ...

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Rebuttal of de Rugy’s and Winslow Wheeler’s blatant lies about defense spending

In times of universal deceit, telling the truth will be a revolutionary act. – George Orwell Anti-defense organizations such as POGO and the CDI (both of whom employ professional blowhard and liar Winslow Wheeler) routinely and falsely claim that the US spends almost $1 trillion per year on “defense” or the military. Late last year, libertarian propagandist Veronique de Rugy ...

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The lies of free trade proponents

In his SOTU speech, Barack Obama announced that his Administration is (unconstitutionally and thus illegally) negotiating trade agreements with the EU and countries of the Pacific Rim. Free trade proponents – including Iain Murray of the pseudoconservative American Spectator – applauded him, as they are ideologically aligned with him. In defense of their (and his) free trade agenda, they have ...

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American & USAir Merge

After months of negotiation, Doug Parker, CEO of the US Airways announced that US Air and American have agreed to  merge together creating the largest airlines in the world. The two companies agreed to an $11 billion deal allowing the American parent AMR to avoid bankruptcy. The combined carrier will be called American Airlines and be based in Fort Worth ...

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