Your online guide to the latest news in beverly hills.
The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit. As of this month, our “official” national debt—which doesn’t include the staggering future payments promised to Social Security and Medicare beneficiaries— stands at $14.2 trillion. The debt ceiling law, passed [...]
For the past three decades, the FederalReserve has been tasked with a dual mandate: keeping prices stable and maximizing employment. Influenced by Keynesian economics and the supposed tradeoff between inflation and unemployment, the dual mandate relies on the idea that a handful of experts can successfully steer the American economy and create economic growth. This [...]
Healthcare and Economic Realities With the passage of a recent bill, the American people are now the unhappy recipients of Washington’s disastrous prescription for healthcare “reform.” Congressional leaders relied on highly dubious budget predictions, faulty market assumptions, and outright fantasy to convince a slim majority that this major expansion of government somehow will reduce federal [...]
I have been very pleased with the progress of my legislation, HR 1207, which calls for a complete audit of the Federal Reserve and removes many significant barriers towards transparency of our monetary system. This bill now has nearly 170 cosponsors, with support from both Republicans and Democrats. Senator Bernie Sanders has introduced a [...]
We have recently heard of many shocking stories of brutal killings and ruthless violence related to the drug cartels warring with Mexican and U.S. officials. It is approaching the fever pitch of a full-blown crisis. Unfortunately, the administration is not likely to waste this opportunity to further expand government. Hopefully, we can take a [...]
Justice & America’s Backslide by Suzanne Takowsky Born and raised in Pittsburgh, Pennsylvania,Texas Congressman Dr. Ron Paul is a leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to monetary policies, based on commodity-backed currency. Paul graduated from the Duke University School of Medicine obstetrics/gynecology, before going off to serve in [...]
