Tuesday, March 2, 2010

Unemployment Benefits Extend Misery

CNBC's Larry Kudlow is back from vacation during the Winter Olympics and picked up where he left off; correctly lambasting the economic policies of our current administration.

The blocking of the extension of the unemployment benefits led to a conversation with Alan Reynolds of the CATO Institute on the potential liabilities of extending these benefits, and it is worth your time.



The Washington Times reports the number of Americans relying on on the government is at an all time high, and this is dangerous. Investors Business Daily has more. America is not a bailout nation, and was built on the back of hard work and and a inner spirit. Margaret Thatcher spoke profound words when she said "Europe was created by history. America was created by philosophy". The economic philosophy is Free Market Capitalism!

Personal accountability is non existent for far too many these days and it could lead to a drastic change in the makeup of our country going forward as it appears to be heading toward socialism. One would be prudent to remember what Margaret Thatcher once said about that, “The problem with socialism is that you eventually run out of everyone else's money.”

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