In light of the news about stimulus job creation statistics not being as advertised — complete with made-up Congressional districts — I offer another surprisingly relevant insight from Mises’ Human Action. Turns out there is a reason stimulus advocates are resorting to trickery:

“If government spending for public works is financed by taxing the citizens or borrowing from them, the citizens’ power to spend and invest is curtailed to the same extent as that of the public treasury expands. No additional jobs are…

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This morning I read with interest - and amazement - the above headline.  Does our president live in the same world that I inhabit?  He’s worried about America’s increasing indebtedness and is pushing for a massive expansion of health entitlements (aka wealth redistribution programs) and the cap-and-tax global warming initiatives (aka wealth redistribution programs) and a host of other other wealth-destroying regulatory programs. Yet, he’s worried about America’s growing debt?

Our political system is only now perhaps emerging from a foolish…

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The health care “reform” bill drafted by Senate Majority Leader Harry Reid adds new tax increases, and costs twice as much as its promised $849 billion price tag.

The tax increases (in billions) include:

1. 40% excise tax on health coverage in excess of $8,500 (individuals) / $23,000 (families). . .
2. Additional 0.5% Medicare (Hospital Insurance) tax on wages in excess of $200,000 ($250,000 for joint filers) – begins in 2013 – $54 B tax increase
3. Impose annual fee on manufacturers and importers…

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The Dean of Harvard Medical School just gave the Obama health care plan a “failing grade,” saying it will harm America’s health and finances, and hamper the medical innovation needed to save patients’ lives. Dean Jeffrey S. Flier writes,

In discussions with dozens of health-care leaders and economists, I find near unanimity of opinion that, whatever its shape, the final legislation that will emerge from Congress will markedly accelerate national health-care spending rather than restrain it. Likewise, nearly all agree that the…

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“[A] government can spend or invest only what it takes away from its citizens… its additional spending and investment curtails the citizens’ spending and investment to the full extent of its quantity.”

-Ludwig von Mises, Human Action, 4th ed., (Irvington-on-Hudson New York: Foundation for Economic Education, 1996 [1949], p. 744.

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David Michaels, a left-wing ideologue who supports junk science and seeks to restrict gun possession, has been approved by the Senate Health Committee to head the federal Occupational Safety and Health Administration (OSHA). Only two committee members, both Republicans, voted against Michaels.

The vote occurred with no discussion, and no hearing was even held on his nomination, although hearings have consistently been held on OSHA nominees in the past, even for far less controversial picks.

Lawyer and Second Amendment expert, David Kopel explains how Michaels…

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President Obama’s $800 billion stimulus package creates imaginary jobs, while destroying ones in the real world.

Billions from the stimulus are being spent on creating tens of thousands of imaginary jobs in 440 phantom Congressional districts, according to the government’s own web site:

Just how big is the stimulus package? Well for one, it has doubled the size of the House of Representatives, according to recovery.gov, which says that funds were distributed to 440 congressional districts that do not exist. . . . The web site…

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Federal affordable-housing mandates were a major factor in the mortgage crisis, fueling the housing bubble and the subsequent collapse of the housing and financial markets, which helped bring down the economy.  Even the liberal Village Voice has admitted that.  Who drafted those awful mandates?  ACORN, reports the Washington Examiner, in “How ACORN Destroyed the Housing Market.”

How did ACORN cause the “housing bubble” and “financial collapse”?  ACORN lobbyists drafted “affordable-housing” mandates to pressure the mortgage giants to buy up more risky loans and mortgages…

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The healthcare “reform” bill backed by Obama “would reduce senior care,” and “could jeopardize access to care for millions,” report healthcare experts at the federal Centers for Medicare and Medicaid Services. The bill also “increases medical costs” through inflation, increasing health-care costs to 21.1 percent of GDP by 2019.

The House of Representatives recently passed the bill by a vote of 220 to 215.

According to the federal experts, the bill would likely either cost much more than projected, or result in some “hospitals and nursing homes” deciding to ”stop taking Medicare…

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ACORN has just filed a lawsuit in New York challenging as “unconstitutional” its loss of federal funds after its role in a child prostitution scandal was exposed.  Earlier, it sued those who exposed its role in that scandal for $2 million, claiming that the exposure violated its privacy rights under state audiotaping laws.  ACORN claims that Congress’s vote to cut off federal funds to ACORN is an unconstitutional bill of attainder.

ACORN is a left-wing group that launched President Obama’s career as a community…

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Unemployment is now higher in the U.S. than in Europe,  reports the Washington Post.  “The official U.S. unemployment rate, reported last Friday, now stands at 10.2 percent,” compared to “9.7 percent” in Europe.   This is the highest rate in more than 26 years, and marks a huge change from the recent past, in which unemployment was double the American rate in much of Europe, such as in France.

Unemployment is at 10 percent in France, which refused to adopt a U.S.-style stimulus…

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Intelligence officials knew that Nidal Hasan, the soldier who killed 13 people at Fort Hood, was trying to contract Al Qaeda.  (He once attended the same mosque as 9/11 terrorists.)

Although the killer’s extremist rantings were common knowledge, “a fear of appearing discriminatory . . . kept officers from filing a formal written complaint,” reports the Associated Press.  As a result, he escaped any disciplinary action or review of his fitness.

The Fort Hood shooter had previously said that Muslims should rise up against the military,…

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A Muslim solder, Nidal Hasan, shot dead 13 people at Fort Hood yesterday. Hasan had earlier exhibited extremist, anti-American propensities, including applauding terrorist attacks against U.S. soldiers. There are different theories as to how this could have happened.

One school of thought attributes the tragedy to politically-correct double standards imposed on the military that kept the alarm bells from going off.

Other commentators point to a gun-control policy that disarms soldiers while on military bases to create “gun-free zones,” leaving them defenseless in the face…

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It’s been a year since the president was elected, and he’s already piled up an impressive list of lies and broken promises.

The broken promises include his pledge to enact a “net spending cut,” his promise not to raise taxes on anyone making less than $250,000 a year, and his promise not to sign bills without first giving the public five days of notice.

The Congressional Budget Office says that Obama’s proposed budgets will explode the national debt through massive spending increases, increasing the already large deficits…

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The Wall Street Journal calls the House version of President Obama’s health care plan “the worst bill ever,” noting that it will lead to “epic new spending and taxes, pricier insurance, rationed care, dishonest accounting,” and other problems.

At the Atlantic, Megan McArdle, who voted for Obama, explains how ObamaCare will cost much more than promised — at least $150 billion more.  That’s true even if promised cuts to Medicare included in ObamaCare actually take place — but as McArdle notes, even…

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Two EPA lawyers criticized the cap-and-trade energy bill passed by the House as a scam, noting in The Washington Post that it will be manipulated to profit politically connected corporations and reward certain kinds of pollution, while not cutting greenhouse gas emissions.  A similar scheme enacted in Europe in the name of fighting global warming enriched polluters, while not reducing emissions, which actually rose faster in most of Europe than in the U.S.

The Washington Examiner explains how the bill will lead to deforestation, and thus increase greenhouse gas…

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The small country of Honduras did not agree to return its authoritarian ex-president to power after all.  Press reports said it did, but The Wall Street Journal says it merely agreed to submit a request for his return to Honduras’s Congress and Supreme Court, which previously backed the ex-president’s removal, in exchange for an end to U.S. sanctions and U.S. recognition of upcoming election results.  Under continuing U.S. pressure, they may soon allow his return to office, but it hasn’t happened yet.

The…

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Under U.S. pressure, Honduras’s leader has reportedly agreed to return to power its authoritarian ex-president, Manuel Zelaya, in exchange for an end to U.S. sanctions and U.S. recognition of its upcoming election results, and Zelaya’s agreement to turn over control of the military to a tribunal. It is not absolutely certain, however, that Honduras’s Supreme Court or Congress will approve the agreement, which appears to violate Honduran law.

Honduras removed ex-president Zelaya after he systematically abused his powers: he sought to circumvent constitutional…

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Today, President Obama signed into law a bill that will dramatically expand the federal hate crimes law, enabling prosecutors to bring federal charges against people who were previously found innocent of hate crimes in state court.  The hate-crimes provisions were added to a defense appropriations bill, which the President signed in a White House signing ceremony this afternoon at around 2:30 p.m.

The new law dramatically expands the reach of the existing federal hate-crimes law that was already on the books, by…

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Liberals are busy sending each other twitters falsely claiming that Justice Antonin Scalia, one of the more conservative members of the Supreme Court, said that he would have voted to uphold school segregation in Brown v. Board of Education (1954).

There’s just one problem: he never said any such thing. He said the very opposite!

A liberal reporter for Capitol Media Services, Howard Fischer, made the claim that Scalia said he would have voted to uphold segregation, in a story carried in the East…

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