Fact or Fiction?

I think this is about as arbitrary as what they have been doing:



Thanks Tim Swanson at mises.org

Walter Block Takes on Campus Thought Police

I posted last semester about Prof. Walter Block's incident at Loyola College Maryland. He was accused of racism and sexism after claiming wage gaps between races and sexes might be due to something other than discrimination. Of course he used evidence to support his claims, but egalitarians on a witch hunt don't usually bother with the facts. Anyways, Dr. Block gives a nice update on the situation during a podcast with Lew Rockwell.

I'm Glad He's Here

Oops. Turns out the U.S. government will have to borrow $9.3 trillion over the next decade to pay for Obama's inane projects. Right now the national debt stands at just over $11 trillion. Our total Gross Domestic Product equals $14.5 trillion. So if we add all of that new debt to our current debt, we will have a national debt 140% of our total national GDP. That means it would take over an entire year to repay all the government owes; that is over a year of paying for nothing but debt and nothing else. And to bring it a little closer to home: $20.3 trillion in debt equals almost $67,000 per man, woman, and child in this country. I am sure it is all worth it, Barack.

Hope

This is change vast sums of money I can believe in:

Six Years Later

It has been six years since the war on Iraq began. What do we have to show for it? Well, there are the 4259 American soldiers dead. Then we have $600 billion in official costs; other estimates go as high as $3 trillion. And of course, we can't overlook the 1.3 million Iraqi civilians that have been killed.

The costs are clearly staggering. But there seems to be no end in sight. Obama has said he will end our "combat" role in the country within a couple of years. Apparently the 50,000 remaining soldiers--trained in the art of warfare with guns at the ready--will have nothing to do with "combat" missions.

Nevermind all that! I am sure in these tough times our gracious leaders would never lead us astray. Besides, I am also quite sure that the squandering of trillions of dollars must stimulate our economy. Or something.