14:24 sounds like timeless wisdom:
24 The wealth of the wise is their crown,
but the folly of fools yields folly.
"If you're so smart, why aren't you rich?" is only a small step away from "I'm rich, therefore I'm pretty smart." A logically invalid step, but one that people make all the time.
Daniel J. Mitchell notes
WaPo opinion piece from five former [Democrat] members of
the Council of Economic Advisers, and calls it
Deceptive and Inaccurate Call for Higher Taxes. The quintet's
main point: "Don't blame entitlements" for our country's long-term,
entirely foreseeable, fiscal disaster.
That’s a remarkable claim since the Congressional Budget Office (which is not a small government-oriented bureaucracy, to put it mildly) unambiguously shows that rising levels of so-called mandatory spending are driving our long-run fiscal problems.
Dan has the charts and links, so check that out. His bottom line is that he's (perversely) happy that "Five top economists on the left put their heads together and tried to figure out the most compelling argument for higher taxes. Yet what they produced is shoddy and deceptive. In other words, they didn’t make a strong argument because they don’t have a strong argument."
At Cato, Chris Edwards makes a wouldn't-it-be-nice argument
Worried that their spending spree in the recent omnibus bill will suppress conservative turnout at the polls this November, Republicans are now considering a “rescission” package. The package of spending cuts—being designed by the White House—could be passed in Congress with simple majorities in both chambers.
That would be nice. And a refreshing change from the normal GOP spinelessness. Chris has a number of suggestions about what spending especially deserves rescission.
Do you think Congress should regulate Facebook and other social
media? Well, pilgrim…
at Reason, Nick Gillespie describes
You Shouldn't Want Congress To Regulate Facebook & Other Social
As Facebook's Mark Zuckerberg prepares to testify before both houses of Congress this week, a little more of the internet prepares to die.
We are in a social panic over social media, and the final outcome will almost certainly be some sort of government regulation or self-regulation-by-shotgun (think Comics Code Authority) that will ultimately serve only regulators and the dominant companies that help to write the new rules.
You know what's worse than Mark Zuckerberg and Sheryl Sandberg running Facebook? The government running Facebook.
At NR, Nicholas Horton reveals what should be obvious:
Expansion Is Helping Able-Bodied Adults Instead of the Truly
Medicaid was intended to be a safety net for the truly needy. But over time, both federal and state policymakers have lost sight of Medicaid’s core purpose and turned the program into a catch-all, open-ended welfare program for non-disabled adults.
Obamacare made this problem even worse, giving states the option to expand Medicaid to even more able-bodied adults. Nearly 13 million have been added since that expansion went live in 2014. Today, able-bodied adults in the program now outnumber individuals with disabilities — the people Medicaid was largely designed to serve — by a staggering 17.5 million.
Medicaid has clearly lost its focus, as I detail in a new report for the Foundation for Government Accountability. The most stunning finding: At least 21,904 individuals have died on Medicaid waiting lists in states since they expanded their programs.
As often happens, "compassionate" government programs wind up killing people.
And—guess what, kids?—break out the party hats and noisemakers,
because it's "Equal Pay Day".
J. Perry has a different idea about what to celebrate:
I'll start taking Equal Pay Day seriously when there are as many female loggers, fishers, and roofers as men.
Which is another way of saying that I will never take Equal Pay Day seriously.