Tag Archives: Welfare State

Mid-Day Cyprus Bailout Update for March 26, 2013

Posted on March 26, 2013 by Lawrence Person

News keeps on churning… Your live Cyprus bailout tracker. Some tidbits: British ex-pats are pulling their funds from Mediterranean banks. Also, bank managers in Cyprus have been given EU documents specifying how much money they can allow people to withdraw, … Continue reading →

Posted in Budget, Economics, Welfare State | Tagged , , , , , | Leave a comment

Lessons from the Cyprus Bailout

Posted on March 26, 2013 by Lawrence Person

So the Cyprus crises is “solved,” for values of “solved” that means “everyone but bankers and Eurocrats get screwed.” “The message that stakeholders of all stripes can be coerced into helping a cash-strapped nation may make investors more skittish they’ll … Continue reading →

Posted in Budget, Economics, Welfare State | Tagged , , , , , | Leave a comment

Quick Cyprus Update for March 21, 2013

Posted on March 21, 2013 by Lawrence Person

Cyprus crisis is a miniature version of the Greek crisis, and the Greek crisis is a miniature version of Europe’s crisis. The scale and details differ, but the underlying problem is mind-numbingly familiar: People spending too much of other people’s … Continue reading →

Posted in Budget, Economics, Welfare State | Tagged , , , , , , | Leave a comment

Texas vs. California Update for March 20, 2013

Posted on March 20, 2013 by Lawrence Person

Time for another Texas vs. California roundup! Just imagine how the MSM would crucify Rick Perry if the head of, say, the Texas Teacher’s Retirement System were indicted on multiple counts of felony fraud… Ex-CalPERS CEO and another board member … Continue reading →

Posted in Budget, Economics, unions, Welfare State | Tagged , , , , , , , , | Leave a comment

Texas vs. California Roundup for February 6, 2013

Posted on February 6, 2013 by Lawrence Person

CalPERS: the pension fund that ate California. A tale filled with lies, waste, and outright corruption that’s even worse than I thought (and I thought it plenty bad). Via the indispensable Will Franklin comes this eye-opening comparison of welfare in … Continue reading →

Posted in Budget, Democrats, Economics, Texas, unions, Waste and Fraud, Welfare State | Tagged , , , , , , , , , | 1 Comment

California: Completely Screwed

Posted on January 29, 2013 by Lawrence Person

Instead of going out and doing the heavy lifting myself on a Texas vs. California update, Victor Davis Hanson [[Corrected. – LP]] has done another of his California is totally screwed pieces, and it’s a cornucopia of facts on California’s … Continue reading →

Posted in Border Control, Budget, Crime, Democrats, Economics, Waste and Fraud, Welfare State | Tagged , , , , , , , , , | 1 Comment

David Cameron Suddenly Remembers He’s a Tory

Posted on January 23, 2013 by Lawrence Person

Well well well, maybe David Cameron has some cobbles after all. Cameron has generally presided over the “wettest” Tory administration the UK has seen since Neville Chamberlain, but today he delivered a veritable pipe bomb of a speech on the … Continue reading →

Posted in Economics, Foreign Policy, Regulation, Welfare State | Tagged , , , , , , , | Leave a comment

Texas vs. California: January 22, 2013

Posted on January 22, 2013 by Lawrence Person

Another quick roundup of Texas’ economic strength, and California’s blue state decline: California isn’t just running out of money, it’s running out of children. Thanks to more honest accounting rules, six more California counties are now officially bankrupt. Despite which, … Continue reading →

Posted in Budget, Democrats, Economics, Republicans, Texas, unions, Welfare State | Tagged , , , , , , | 1 Comment

Texas vs. California: First 2013 Roundup

Posted on January 4, 2013 by Lawrence Person

Judging from the Fiscal Cliff votes, the United States appears to be eager to follow in the footsteps of Greece and California, rushing to unsustainable spending, crushing debt loads and inevitable bankruptcy, rather than following the lead of Texas and … Continue reading →

Posted in Budget, Democrats, Texas, unions, Waste and Fraud, Welfare State | Tagged , , , , , , , , , , , , | Leave a comment

The Real Apocalypse

Posted on December 21, 2012 by Lawrence Person

I hope you’ve been enjoying your mythical Mayan Apocalypse. But there’s a real, slow motion apocalypse that’s been going on all around you, and nobody is panicking about it, at least not in the open. I’m not talking specifically about … Continue reading →

Posted in Budget, Waste and Fraud, Welfare State | Tagged , , , , , , , | 1 Comment