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Yes, there is a class war, Warren Buffett once said, and my class is winning. The IRS study of taxes paid in 2007 makes his point. The top 1% of taxpayers averaged about $138 million in income, and paid taxes at a rate of 16.6%. As Buffett says, their secretaries pay...

The British already have universal health care. So why do average life expectancies in the UK vary so dramatically by neighborhood? A new UK blue-ribbon commission has some answers to questions that Americans ought to be asking. Policy makers in the United States...

Evan Bayh abruptly announced he was quitting the Senate days before the filing deadline for his Senate seat, without notice to his constituents, to his colleagues, to his party's leaders or to the White House. He deprived the Democratic voters in Indiana who had voted...

An august group of conservative leaders released a statement early Wednesday asserting a recommitment to “the ideas of America’s founding.” The statement is meant to be a 21st-century version of a 1960 declaration that set the ideological framework that, among other...

Conservatives claim that President Obama "tripled the deficit" and point to the huge 2009 budget deficit as proof. They use charts that show the fiscal-year 2009 deficit, as reported in October was, indeed, about triple the prior year's borrowing. But the 2009 budget...

Before tomorrow's expected executive order establishing a commission to reduce the debt, the White House has leaked the names of who wi

Today's new York Times has a front-page editorial calling for cutting the Social Security pensions of Americans and other things that we as citizens are entitled to. Many analysts say the president and Congress could send a strong signal to global markets by agreeing...

Mattel makes a little toy called the "Magic 8-Ball." It looks like a pool ball with a little window in it. You shake it and a little answer pops up in the glass. They were a craze in the corporate world a few years back, and you still see lots of them holding down...