The Independent reports my reaction to US Secretary of State John Kerry’s intervention in the EU debate: Responding to Mr Kerry’s remarks at the Munich annual security conference the Conservative MP Steve Baker said to the Independent: “I refer Mr Kerry to the US Declaration of Independence. We will do peacefully at the ballot box that for which his nation fought a bloody war of insurrection. “If the USA must express a view on the UK’s right to the separate […]
Tag Archives: USA
Via Learn Liberty, a video which tries to make the US fiscal position understandable: What If the National Debt Were Your Debt? Government debt is not the same as household debt of course. Households can’t debase everyone’s money in an attempt to avoid bankruptcy.
Via PAUL: One year to go – Washington Times (and twitterer @tomjdalton): I firmly believe the American people are serious about cutting spending and fixing our debt crisis now. Those struggling to make ends meet and provide for their families while also trying to save for the future know we must change course immediately. I’m not running for president merely to trim a little here and there from our bloated federal budget. Instead, I have offered the boldest, most specific and […]
Via Federal, State, and Local Expenditures as a Share of GDP at WWII Levels | Mercatus. Today federal, state, and local expenditures as a share of GDP are back at the highs reached during World War II. This time, however, we are unlikely to see a swift decrease. Wartime expenditures on items like weaponry and salaries for conscripted soldiers were relatively easy to wind down. The bulk of current and future government spending is on entitlement programs like Social Security […]
Via Libya and the War Powers Act – NYTimes.com, comment on Obama’s conflict with Congress over whether US participation is within his authority: It would be hugely costly — for this country’s credibility, for the future of NATO and for the people of Libya — if Congress were to force President Obama to abandon military operations over Libya. However, Mr. Obama cannot evade his responsibility, under the War Powers Act, to seek Congressional approval to continue the operation. … But the […]
Tuesday will see the USA hold midterm elections. According to The Telegraph: Tea Party candidates are poised to storm Washington in the midterm elections, when the conservative movement should win enough seats to form a powerful minority able to push its political agenda. The key elements of the Tea Party programme are, we are told, balanced budgets, smaller government and free markets. According to one US citizen I spoke to over the weekend, a typical Tea Party meeting comprises ordinary […]
Via Extradition without justice | Anita Coles | Comment is free | guardian.co.uk : Liberty believes, as did the UK parliament for many years, that no one should be extradited unless and until the requesting country makes out a basic case against them in a UK court. Failure on this front can result in an innocent person being sent halfway across the world – away from family, supporters and legal advisers – to face unsound, trumped-up or politically motivated charges, […]
Wen Jiabao, China’s prime minister, has voiced concern over the outlook of US government bonds, calling on Washington to ease worries about US assets. Speaking at his annual news conference on Friday, Wen expressed concern that massive US deficit spending and near-zero interest rates could erode the value of China’s bond holdings. via Al Jazeera English – Business – China’s Wen worried over US assets .