Today
the House of Representatives passed a 'clean' debt ceiling extension. With most of the Republican party voting 'no'
on the extension, Boehner was able to muster up enough votes from the
leadership of the party to get the bill passed. With each passing day it's
evident that the Republican party leadership are just Democrat light.
It
appears that Boehner has lost the trust from his own party. With most of them
voting 'no' on the bill, there is a clear disconnect between him and the rest
of the Republicans. Also, when you get praise from Nancy Pelosi, “I’m grateful to the speaker and the
Republican leadership for giving this House this opportunity to act in a way
that is consistent with the constitution," you know there's trouble.
Janet
Yellen, Bernanke's replacement at the Fed, has promised more of the same old
policies. According to her, the Federal Reserve has a positive outlook and
expects continuity. She was part of the team that developed the current Fed
plan on the economy. While Yellen points to a reduced unemployment rate, the
Times are at least giving that credit not to the Fed, but to the discouraged
workforce that is no longer seeking employment.
If
you're interested in a bit of a rant, this is your article. A guest post on
ZeroHedge dealing with the state of economic fallacies we encounter daily.
There is a good bit of quoted economists, such as Henry Hazlett. Enjoy.
Syria
is a disaster.
A guest
post by Laurence Vance, from the Mises Institute, about the current state of
American foreign policy. Since the Snowden leaks, more and more information has
come to the surface in regards to NSA spying of foreign nations. Vance decides we
need to go back and take a Jeffersonian approach to our foreign policy.
Rand
Paul, the leading non-interventionist in the House, is suing the President as
well as the NSA for violating the 4th amendment. Paul cites that the 4th
Amendment protects the American people from general warrantless searches.
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