Three Cheers for Income Inequality [Reader Post]

One can’t but hear the almost daily drumbeat from the left about how unequal things are in the United States. There is an income disparity between the haves and the have-nots where Wall Street bankers take millions of dollars home to their Greenwich mansions while millions of others work for minimum wage and can’t afford their own home, never mind something resembling a mini-Versailles.

The Debt Ceiling and the Democrat’s Xbox War on Poverty [Reader Post]

The debt ceiling talks fell apart on Friday as President Obama insisted on $400 billion in new taxes to pay for more government spending. Imagine if he didn’t have to spend those $400 billion over the next decade.

Is it possible that there is $400 billion of waste in the budget somewhere? Where might that be? How about amongst the impoverished?