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“U.S. credit outlook lowered by S&P on deficit fears”: Standard & Poor’s slapped a negative outlook on the United States’ top-notch credit rating on Monday, jacking up the pressure on the Obama administration and Congress to slash the yawning federal budget deficit. S&P, which assigns ratings to guide investors on the risks involved in buying debt instruments, said the move signals at least a one-in-three chance that it could eventually

For years, I’ve been describing myself as a classical liberal, essentially, a Constitutional / legal conservative with many libertarian leanings — though without the reigning establishment small-l libertarians’ (read, the Reason crowd’s) open-borders / foreign policy stance, which in my opinion represents a rather strange marriage of unlimited immigration (an affront to the idea of national sovereignty) and military isolationism / “realism”. Classical liberalism is the founding ideology for this

James Pethokoukis, Reuters: The Obama White House naturally wants the media to favorably compare his outline to House Budget Chairman Paul Ryan’s 73-page “Path to Prosperity” which is highly detailed and has been scored accurate by the Congressional Budget Office. It brings the budget into balance and eliminates the national debt by cutting spending — not raising taxes. And how does Obama’s “Framework for Shared Prosperity and Shared Fiscal Responsibility”

The Department of Oversight for Overseeing Permissions Allowing References to Things Jesus Will/Might/Could Do, wept. In triplicate. CEI: Federal regulations cost even more than the skyrocketing federal budget deficit, and help bring the federal government’s share of the economy to over 35 percent, a new report from the Competitive Enterprise Institute reveals. Regulations cost $1.75 trillion in compliance costs according to the Small Business Administration. That’s greater than the record