Free Republic

Two very large numbers are essential in the American public debate today. They are so big that they are almost inconceivable. The first number is 15.5 trillion. That’s a 14 digit number. $15.5 trillion is the size of the U.S. national debt—more or less the amount the federal government owes individuals, organizations, and governments that have loaned money to it. To put this number in a more human perspective, it’s roughly $50,000 for every person in the United States. $50,000 is more than the U.S. median income, about $44,000. That means if a normal, working American worked an entire year...

Supposedly Team Paul is engaged in "initial discussions" with Santorum and Gingrich too, but c'mon. Newt's chances at the nomination are only slightly higher than Paul's are and Santorum's hawkish social conservatism makes him a total nonstarter for libertarians. Just today, Reason editor Matt Welch published a column shivering at the thought that Team Sweater Vest might be back for another try in 2016. Romney’s the only game in town for the rEVOLution, just as he’s been since the debates started. (According to Time, one of Romney’s allies joked that Paul is their “deputy campaign manager.”)This is the right time...

Newt Gingrich’s presidential campaign has an interesting response to a call from the super PAC supporting Rick Santorum for the former House speaker to exit the race. It’s front-runner Mitt Romney who should say sayonara, says Gingrich policy adviser Vince Haley, Politico reports. The pro-Santorum Red, White and Blue Fund put out a statement Wednesday urging Gingrich to stand aside, so that the former Pennsylvania senator can stand as the former Massachusetts governor’s sole conservative challenger. Haley, appearing on Geraldo Rivera’s radio program, would have none of it. But his first response was to take on Romney rather than Santorum....

At a campaign stop this weekend, in-the-spotlight GOP presidential candidate Rick Santorum said he supports increased Internet regulation. According to Santorum, our rights aren’t “absolute” and stop at whatever point their exercise begins to infringe on the rights of others. Piracy represents an abuse of intellectual property rights — and that abuse should have consequences, Santorum says.So far, so good. Everybody agrees that piracy is a problem.But Santorum seems too ready to look to regulation for the solution to the piracy problem, suggesting that government interference might be an effective way to thwart piraters. That, to me, seems short-sighted, given...

Newt Gingrich has ramped up his attacks on Mitt Romney as a heartless leveraged buyout executive for his years at Bain Capital, asking reporters in Manchester on Monday, “Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money? Or is that, somehow, a little bit of a flawed system?” But Mr. Gingrich was himself on an advisory board for a major investment firm that had a similar business model, Forstmann Little, a pioneering private equity firm co-founded in 1978 by Theodore J. Forstmann...

In a press release this afternoon, Club for Growth criticized Newt Gingrich for his attacks on Mitt Romney’s career at Bain Capital, calling them unbecoming a “Reagan Conservative.” Club for Growth’s statement: Yesterday, Gingrich said “Those of us who believe in free markets and those of us who believe that in fact the whole goal of investment is entrepreneurship and job creation…we find it pretty hard to justify rich people figuring out clever legal ways to loot a company, leaving behind 1,700 families without a job.” Gingrich’s attack was echoed that same day that by the Democratic National Committee, which...