Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.

Michael Jackson was a poor black boy who grew up to be a rich white woman

There are two kinds of humor. One kind that makes us chuckle about our foibles and our shared humanity -- like what Garrison Keillor does. The other kind holds people up to public contempt and ridicule -- that's what I do. Satire is traditionally the weapon of the powerless against the powerful. I only aim at the powerful. When satire is aimed at the powerless, it is not only cruel -- it's vulgar.

Some days, I'd feel better with Punxsutawney Phil in the Oval Office - at least he doesn't lie about the weather.

nothing like a few restful weeks contemplating the decline of civilization to restore the humors. What I did on my summer vacation was listen to a lot of people talk about the decline of practically everything - you could call it the leisure of the theory class.

no one has ever accused Texas of being in the vanguard of social progress. This is the most macho state in the U.S. of A. By lore, legend, and fact, Texas is 'hell' on women and horses.

Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.