However little president Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. 'High-speed rail' is simply another set of loft words to justify continued expansion of government spending. So are words like 'investment in education' or 'investment' in any number of other things, which serves the same political purpose.
Thomas SowellTariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.
Thomas SowellWhen your response to everything that is wrong with the world is to say, 'there ought to be a law,' you are saying that you hold freedom very cheap.
Thomas SowellChild poverty in the United States declined after the work requirement was put in there. People realized that they had to work and people went out and worked and they got off welfare.
Thomas SowellIn its pursuit of justice for a segment of society, in disregard of the consequences for society as a whole, what is called 'social justice' might more accurately be called anti-social justice, since what consistently gets ignored or dismissed are precisely the costs to society. Such a conception of justice seeks to correct, not only biased or discriminatory acts by individuals or by social institutions, but unmerited disadvantages in general, from whatever source they may arise.
Thomas Sowell