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- FRIEDMAN FRIDAY Dan Mitchell: Milton Friedman was advocating what is sometimes referred to as “shareholder capitalism,” which is the notion that a company should strive to earn honest profits for its owners!
- FRANCIS SCHAEFFER ANALYZES ART AND CULTURE Part 557 My March 13, 2016 Letter to Hugh Hefner with quote from Ben Parkinson: There are only two things worth putting your time and life into and that is the WORD OF GOD and the SOULS OF PEOPLE. (Featured artist is Debo Eilers)
- FRANCIS SCHAEFFER ANALYZES ART AND CULTURE Part 556 Third letter I wrote to HUGH HEFNER (Where do we get our morals from?) Featured Artist is Stephanie Syjuco
- FRANCIS SCHAEFFER ANALYZES ART AND CULTURE Part 555 LETTER TO HUGH HEFNER “What does it all mean — if it has any meaning at all? But how can it all exist if it doesn’t have some kind of meaning?” Featured Artist is Assume Vivid Astro Focus
- FRANCIS SCHAEFFER ANALYZES ART AND CULTURE PART 554 My Correspondence with Edward O.Wilson from 1994 to 2021 My 4/21/17 letter to Dr.Wilson I quoted Francis Schaeffer: “Ecclesiastes is the only pessimistic book in the Bible and that is because of the place where Solomon limits himself.He limits himself to the question of human life, life UNDER THE SUN between birth and death and the answers this would give” FEATURED ARTIST IS DALÍ
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President Obama’s job speech reacted to by Heritage Foundation scholars (Part 3)
I love going to the Heritage Foundation website because of articles like this:
Heritage’s experts watched President Barack Obama’s jobs speech delivered to a joint session of Congress. Here are some of their immediate reactions:
The Absurdity of Obama’s Spending Offsets
It is absurd that this President — who ignored the recommendations of his own fiscal commission, and then sought to raise the debt ceiling without a nickel of spending reductions — now demands the super-committee created in the debt-ceiling negotiations to come up with additional savings to pay for his jobs proposal.?? ?
– Patrick Knudsen
And When, the Rest of the Story, Mr. President?
In giving his big jobs speech this evening before a rare Joint Session of Congress, also gave us a classic “Paul Harvey” moment.
Paul Harvey was a famous radio commentator and personality with one of the longest running national radio programs in history. His trademark was to tell the audience the big lead into a big story and then break for a commercial. When he came back he would then announce, “And now, (pause) the rest of the story”. We’re still waiting for Barack Obama to give us the rest of the story.
In his jobs speech, the President laid out a bunch of retread policy ideas that two years after they were first tried managed to create an arithmetic novelty – exactly zero job growth in August. In total, the President is calling for more new spending on proven policies that are proven failures, and he says these will all be paid for with budget reductions elsewhere.
But he refused to give his proposals for offsetting the cost of his proposals. Desserts only, no spinach?. We’re still waiting for “the rest of the story”. Was he unable to decide in time on what to propose? Did he think perhaps no one would notice? Why put out what is literally a half-baked plan?
– J.D. Foster
Rising Deficits Drive U.S. Debt Limit Higher, Faster
Everyone wants to know more about the budget and here is some key information with a chart from the Heritage Foundation and a video from the Cato Institute.
Congress first placed a statutory limit on total federal debt in 1917, in the Second Liberty Bond Act. Since 1962, Congress has altered the debt limit through 74 separate measures, raising it 10 times since 2001. Since 1990, the debt limit has been raised a total of $10.1 trillion, but nearly half of that increase has occurred since September 2007.
U.S. DEBT LIMIT
Chart 26 of 42
In Depth
Policy Papers for Researchers
Technical Notes
The charts in this book are based primarily on data available as of March 2011 from the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO). The charts using OMB data display the historical growth of the federal government to 2010 while the charts using CBO data display both historical and projected growth from as early as 1940 to 2084. Projections based on OMB data are taken from the White House Fiscal Year 2012 budget. The charts provide data on an annual basis except… Read More
Authors
Emily GoffResearch Assistant
Thomas A. Roe Institute for Economic Policy StudiesKathryn NixPolicy Analyst
Center for Health Policy StudiesJohn FlemingSenior Data Graphics Editor
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