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Not Replacing 1970’s Military Equipment

…total weapon system commitments, each system requires two to three times acquisition costs over the planned 20 year life to train and maintain “capability” for fictitious wars and entanglements. This…

Deficit Nonsense in the WSJ

…Peters quote is the second to last paragraph in the article. The last paragraph is much more bizarre Still, veterans of the budget wars see one reason for optimism in…

The Necessary and Improper Clause?

…that party’s business, law-and-order, and culture-wars supporters, circa 1985. Under this legal theory, the Constitution bars, for example, state or municipal legislation that circumscribes gun sales and gun possession. But…

China has options

…the Eurozone, Germany, is an “exporter” itself. Talk about trade wars! U.S.-China bi-lateral relations SHOULD BE TREATED as a multi-lateral story; they’re interconnected. Rebecca Wilder crossposted with News N Economics…

Is Social Security too big to NOT fail?

…http://spreadsheets.google.com/pub?key=r49_nOHQG4QdHuwcbMGmP0Q The column fourth from the Right is labeled Trust Fund Ratio and if graphed would show a perfect shape, a Trust Fund topping out with a ratio of 375…