ALG's Daily Grind: California's high-speed rail speeds past fiscal sanity, responsibility

May 16, 2012

California's high-speed rail speeds past fiscal sanity, responsibility

A failed progressive leadership has gotten California where it is today - in a fiscal disaster - and yet these elected officials are still willing to spend more, even if the bill for their big ideas falls on the backs of all federal taxpayers. 

Boehner's bluff

House Speaker at a May 15 fiscal summit: "When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase."

America's Real Bullies

Government, just by its nature, resembles a schoolyard bully, exerting its power through judicial fiat, often nullifying the will of the people, and then there are the unelected bureaucrats, the regulators and the executive orders.

Gross: A whale in the waters of negative yields

"[W]ith even the US suffering a credit downgrade to AA+ and offering negative 200 basis point policy rates for the privilege of investing in Treasury bills, the willingness of creditors - as opposed to debtors - to support the existing system may soon fade.