Supercommittee Doomed to Failure

The Congressional Supercommittee was supposed to find and cut $1.2 trillion from the federal budget.Even after Tea Party GOP Senator Pat Toomey proposed $300 billion in revenue increases, the Democrats balked, refusing to cut anything from entitlements.The...

The E. O. Green Aftermath

Larry King was a bully.He was harassing other students, taunting them with unwanted sexual advances.His father should have been placed on trial, along with the administration at the school, which chose to play political correctness rather that demand moral excellence...

Portugal Hits Junk Bond Status

What do Portugal, Greece, and the state of California have in common?The municipal bonds of these three government agencies have hit junk bond status.Nobody wants them; nobody wants to trade them; these governments cannot even borrow the exorbitant amounts which...

Euro Still Backed, though Backed against the Wall

Consumers and Merchants still want a common currency, even though currently it looks as if the currency will fail, or will not fail to take down the Eurozone, starting with Greece and Italy, with Spain and Portugal to follow.What have been the advantages of a common...