ALG's Daily Grind - The deadbeat president

Oct. 9, 2013

The deadbeat president

Why would Obama default on the debt in the event the debt ceiling is reached if there will be $250 billion of revenue a month to pay $34.8 billion interest that will be owed and otherwise existing debt can be refinanced up to the statutory limit?

And now a word from our founders

James Madison on the silver bullet congressional power of the purse: "This power over the purse may, in fact, be regarded as the most complete and effectual weapon with which any constitution can arm the immediate representatives of the people, for obtaining a redress of every grievance, and for carrying into effect every just and salutary measure."

Fallacious claims prop up ethanol
Arguments put forward to support ethanol and other biofuels hold water like sieves – leaking billions of gallons of precious fresh water that are required to produce this expensive, unsustainable energy.

Pethokoukis: The Obamacare tax hike no one's talking about

"In at least one way, Mitt Romney was right that healthcare reform in Massachusetts is nothing like the Affordable Care Act. The work disincentives in Obamacare are far worse."