Category Archives: Money

We’re upside down and debt crash is coming

(Centennial Fellow) In the movie “Flight,” something major goes wrong with a passenger jet. It starts plunging downward, the pilot amazingly, incredibly rolls the plane upside down to keep it just barely under control, and, at this point, if President Barack Obama were watching, he’d probably stand up to reassure the audience.

“We don’t have an immediate crisis,” he would say, an encouraging smile on his face. “The plane is in a sustainable place.” Continue reading

‘Opportunity scholarships’ in DC repay taxpayers 162%

(’76 Contributor) Very few government programs can claim a positive return on taxpayer investment. The D.C. Opportunity Scholarship Program (DCOSP) is one of them.

Launched in 2004, the DCOSP provides scholarships of approximately $8,500 for K–8 students or $12,000 for high school students from low-income families to attend private schools of their choice. Continue reading

Corporations save the day

(Centennial Fellow) Despite diatribes to the contrary, American corporations include multitudes that are tough–minded, occasionally brilliant and manifestly capable, a major reason the stock market is not just alive and well, but downright perky.

That’s worth a grin, as is the somewhat misleading decline in the unemployment rate. But don’t suppose the government can’t change that to a frown, even wailing and gnashing of teeth. It’s trying right now. Continue reading

Poll: Religious freedom increasingly threatened

(Centennial Fellow) Some 60% of Coloradans now feel their religious freedom is being threatened by the prevailing political and cultural forces in America over the past 20 years, according to a new survey done by the Centennial Institute.

These fears have intensified with recent events, including the federal government mandate for many religious organizations (who provide health insurance plans) to include contraception, abortion–inducing drugs, and sterilization coverage for their employees. Hobby Lobby, a Christian–based arts and crafts company, faces a daily $1.2 million fine for non–compliance with the same requirement. Labor unions have been disproportionately granted Obamacare waivers arousing concerns about fairness and religious freedom in the minds of the American public. Continue reading

Colorado legislators spur job creation—somewhere else

(Centennial Fellow) Here’s a little exercise for Colorado business owners, managers or anyone else whose job requires that they keep the bills paid, the doors open, and customers satisfied:

  • Take a few minutes to read how legislators at the State Capitol want to treat you.
  • Then suppress the urge to go out and create a dozen new jobs. (Really, it won’t be hard to do.)

Continue reading

Sequestration Obama’s fault, but GOP will pay

“Spit in the ocean” — it’s a phrase that’s well-worn, and for a reason, namely that it sums up so splendidly the idea of something that is itsy-bitsy relative to something very, very big.

“Sequestration” — it’s a four-syllable word referring to across-the-board spending cuts of $85 billion scheduled for automatic implementation with the purpose of reducing deficits and better controlling the federal debt. However large it sounds, the amount is spit next to the oceanic gobs of owed money that could easily drown the American economy. Continue reading

Promises Obama can’t keep

In his State of the Union speech, President Obama chided Congress, “Our government shouldn’t make promises we cannot keep,” but then he did what politicians regularly do and raised false expectations. He claimed that “[e]very dollar we invest in high-quality early education can save more than seven dollars later on – by boosting graduation rates, reducing teen pregnancy, even reducing violent crime.” This is wishful thinking. The vast majority of research shows that preschool has no long term benefits. Some studies even show adverse behavioral impacts for children who participate. Continue reading

Dear John Elway: Now about those lethal cars you sell

(Centennial Fellow) Like a lot of other people with big names, John Elway got out of his element and made a fool of himself. Right there on CNN with Piers Morgan.

Elway had some magnificent years as the Denver Broncos” quarterback. Now he”s that organization”s Executive Vice President of Football Operations, their chief football executive. Fine. He recruited Peyton Manning, and in a few short months the Broncos became favorites to win the Super Bowl. Oops. The guys who took home the Lombardi Trophy, the Baltimore Ravens, were supposed to be little more than a bump in the road when they showed up in icy Denver and won their playoff game on January 12. Continue reading

Arizona parents freer with Education Savings Accounts

(‘76 Contributor) If there is anything Americans love, it is options. Lots of them. Americans enjoy a variety of choices in retail, entertainment, automotive… you name it. Private industry tends to reveal what the American public finds most conducive toward happiness. What is good is invested in, what is bad, either ceases to exist, or must undergo some serious reforms to be competitive once more. Continue reading