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Wednesday, January 19, 2011

Michael Tanner makes an argument for the GOP to hold off on raising the debt ceiling.

Sally Pipes describes the damage already being done by the new health care law. Republicans in the House are making an effort to repeal it, which will almost certainly pass the House but fail in the Senate. Once they go through this process, I hope they will start trying to repeal or change the most onerous parts. They may fail on those as well, but it will keep the political pressure on.

Our high jobless rate will continue for years to come. Remember, the Great Depression lasted for ten years, so it would not be unprecedented for our Great Recession to last at least as long.

So, what could possibly have motivated former Haitian dictator 'Baby Doc' Duvalier to return to his earthquake ravaged homeland? I don't have an answer.

More problems in the Eurozone as Portugal's borrowing costs rise to unsustainable levels and the Germans complain about having to bail them and other 'spendthrift' nations out.

The Economist calls for Plan B to deal with the Eurozone problem, which is to restructure the debt of the countries, like Portugal, that are currently in the most trouble.

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