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The Entitlement Era Is Winding Down

Posted in Main Blog (All Posts) on January 15th, 2013 12:08 am by HL

The Entitlement Era Is Winding Down
Michael Barone, DC Examiner
It's often good fun and sometimes revealing to divide American history into distinct periods of uniform length. In working on my forthcoming book on American migrations, internal and immigrant, it occurred to me that you could do this using the American-sounding interval of 76 years, just a few years more than the Biblical lifespan of three score and 10.It was 76 years from Washington's First Inaugural in 1789 to Lincoln's Second Inaugural in 1865. It was 76 years from the surrender at Appomattox Courthouse in 1865 to the attack at Pearl Harbor in 1941.Going backward, it was 76…

Prescription for an Ailing California
Joel Kotkin, Orange County Register
Only a fool, or perhaps a politician or media pundit, would say California is not in trouble, despite some modest recent improvements in employment and a decline in migration out of the state. Yet the patient, if still very sick, is curable, if the right medicine is taken, followed by the proper change in lifestyle regimen.The first thing necessary: Identify the root cause of California's maladies. The biggest challenge facing our state is not climate change, or immigration, corporate greed, globalization or even corruption. It's the demise of upward mobility for the vast majority…

Obama Blinks: No Emperor’s New Coin
Bill Frezza, RealClearMarkets
It looks like the American people have been cheated out of a precious teachable moment. Demonstrating their ability to think two moves ahead, something their Republican opponents seem incapable of, the Democratic leadership has decided to stop dancing around the threat to issue a trillion dollar coin. The Treasury Department, Saturday, finally issued a flat out denial.Pity. Daring them to do it would have been the perfect tool to demonstrate that the emperor has no clothes.Any American who is not terrified of the mess created by the Federal Reserve, the Too-Big-to-Fail banks,…

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