Free Republic

Bloated budget deficits pose a danger to the nation's long-term economic health, Federal Reserve Chairman Alan Greenspan warned anew Thursday. He issued a fresh call to policy-makers to move swiftly to get the government's fiscal house in order. ... Greenspan again supported a return to pay-as-you-go budgeting policies that would require Congress to offset future increases in government spending or new tax cuts with reductions in other government programs or tax increases. The Bush administration supports bringing back the pay-as-you-go provision for spending, but not for tax cuts. A decade-long pay-as-you-go provision expired in 2002. ... Democrats mostly blame the...

"When he started talking about innate differences in aptitude between men and women, I just couldn't breathe." - Nancy Hopkins (MIT biology professor) "We live in strange, strange times . . . An entire era - call it the "New Deal-Great Society Epoch" - is drawing to its inevitable conclusion. And those who draw power and wealth from the decaying Welfare State are marshalling their forces for a life-and-death defensive struggle." - Rush Limbaugh Strange indeed! The Society of Professional Journalists, at their recent convention, took a vote on the proposition "Journalists should cover both sides of an issue" and...

Thursday, February 3, 2005 Gates, Buffett, China'run from dollar'Expert sees development as sharp warning to Americans Posted: February 3, 20051:00 a.m. Eastern © 2005 WorldNetDaily.com Decisions by the world's two wealthiest men to bet on a further weakening of the U.S. dollar, coupled with China's lack of confidence in American currency should grab the attention of every working person, says Craig Smith, CEO of Swiss America Trading. Warren Buffett (Photo: Honolulu Advertiser) Microsoft Chairman Bill Gates is following the example of Berkshire Hathaway Chairman Warren Buffett, who made a pretax gain of $412 million in the fourth quarter of 2004 by...

SHANGHAI, Aug 16 (Reuters) - General Motors, the world's largest automaker, will start selling its first made-in-China Cadillacs in early 2005 in a market it expects eventually to account for a fifth of global sales of the luxury brand. The Detroit giant, the second-largest player in the Chinese market after Germany's Volkswagen AG, is angling to re-launch the sedan as it accelerates a drive to grab market share from leader Volkswagen.