Twitter and Reddit are celebrating a national victory of labor over employers, who are forced to increase the wages they offer in order to fill an estimated 10.4 million job openings with 7.4 million available workers. Meanwhile, with such a high number of open positions, employees are moving on from their jobs in droves. There’s a nationwide shortage of truckers, nurses, and fast-food workers, grocery shelves are routinely empty, and retailers hoping to ramp up for the holidays are having to pay massive bonuses to get help.
This has been labeled the “Great Resignation”. It’s not.
Mommy and daddy are sitting in the courtroom, contentiously splitting up the old Lionel Ritchie records and bickering over every meaningless detail. Two lawyers are each buying a new Porsche out of our college funds before this is done. And our only purpose for being in the room is to act as another token to be battled for.
At 2 p.m. today, the NBER will release the monthly Treasury update of debt relative to credit. (Here’s a spoiler: It won’t be anything we didn’t see a month ago. We’re up to our ears in debt.) Meanwhile, Congress is rushing back into emergency session for a quick fix to stave off default as our spending continues to increasingly exceed our income. At a time when every politician is casting blame about the rapidly ballooning national debt and the continual political struggle surrounding raising the debt limit, it’s worth our while to examine the larger picture: Whose fault, really, is the precarious condition of our national finances?
It’s tempting for partisans to each blame the other party; it’s easily done, too, as government waste has become proverbial and inefficiency is automatically assumed without the bother of proving it. It’s equally simple for a certain class of people to throw up their hands and blame all politicians, as though they themselves would do better if they were in charge. But even a little brief reflection will show that, while these are satisfying accusations, they can’t possibly have much merit.
In this article, I intend to demonstrate the absolute necessity of a new, modern, and effective approach to the War On Drugs in order to address the intolerable conditions along our southern border. (more…)
Nearly two weeks ago, I posted an article in support of a border wall with Mexico, one I still hold to.
The following day, I began writing about other things that were at least as important as border defenses, and here we’ll discuss the second of them in more detail. Remember: This is not an either-or situation (more…)
It’s getting so I hate to turn on the news. I physically cringe. Bear with me here.
Here’s a quick recap: There was a shooting yesterday, a man I think can best be described as a domestic terrorist plinking away at a Congressional charity baseball team at practice. There was a horrific fire at a London apartment highrise where, apparently, the sprinklers malfunctioned and dozens of people were killed. (It’s been called “corporate manslaughter”.) Congress approved a multibillion dollar arms sale to Qatar, a nation presently (more…)