Archive for October 18th, 2011

In one short interview, the folks at the Howard Stern Show turn the Occupy-Wall-Street deadbeats into objects of scorn and derision. There is a bit of R-rated language, so you are forewarned.

While the clip is amusing, let’s contemplate a serious point.

For two years, the establishment press has been trying – with increasing desperation – to discredit the Tea Party. They’ve scoured the crowds for the slightest evidence of kookiness. They’ve trumpeted false charges of racism. They’ve highlighted leftists who infiltrate Tea Party events in order to say and do things that undermine legitimate supporters.

And even though the press failed to find any sort of smoking gun, they probably have succeeded in getting the average American to have a somewhat skeptical attitude about the Tea Party.

If the press spent 1/100th as much time investigating the crazy and brainless views of the OWS crowd, even Obama would be reluctant to associate with the protests.

(h/t: Advice Goddess)

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Sounds like the beginning of a joke, sort of like, “A priest, a rabbi, and a minister walk into a bar…”

Setting for my weekend research

But I have a serious point to make. I’m currently in Anguilla (yes, this is just one of the sacrifices I make in the fight for liberty), where I just gave a speech to a local business group.

One of the topics I addressed was Anguilla’s fiscal policy.

Like many jurisdictions around the world, Anguilla has a red-ink problem. And like all the other places we could mention, the deficits and debt exist because government spending rose much faster than inflation over the past 10 years.

So I decided to create a new “Golden Rule of Fiscal Policy” based on all these observations (I would have called it Mitchell’s Law, but I’ve already used that title for another purpose).

Good fiscal policy exists when the private sector grows faster than the public sector, while fiscal ruin is inevitable if government spending grows faster than the productive part of the economy.

This is the underlying message of my video showing how to balance the federal budget. Moreover, all of the countries in this video enjoyed significant fiscal progress by following the rule. And it explains why I’m very impressed with Senator Corker’s proposal to cap the growth of federal spending.

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