NetRight Daily: Debt, Populism and More

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The Senate Plunges the U.S. Farther into Debt:  When the history of this era is written, January 28th, 2010 may well go down as the day that Senate Democrats bankrupted America, plunging the Ship of State into the bottomless Abyss of insolvency.

Populism As Tax Policy:  One of the casualties of bailout-mania is the very concept of capitalism. Banks and corporations that request taxpayer dollars blur the line between the public and private sectors, and, sadly, the recent financial meltdowns have been attributed not to the excesses of government regulators but to capitalism.

Misleading Economic Numbers Obscures Jobless Recovery:  Back in the 1980s, White House officials joked about how the news media stopped using the term "Reaganonomics" once the economy began to turnaround. There was no Internet, or alternative news media to offset the media blackout; just the great communicator himself and the common sense of the American media.

Union Advocates Explain Away Declining Membership:  In an economy where workers change jobs multiple times, the appeal of labor unions and the rationale for collective bargaining seems very 20th century. This point is raised by Justin Wilson, managing director of the Center for Union Facts (CUF), in a New York Times article about a new set of government statistics that could spell trouble for organized labor. For the first time in American history, most union members work for the government, according to the Bureau of Labor Statistics (BLS).

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