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  • Navy chief: Britain cannot keep up its role in Libya air war due to cuts

    06/13/2011 5:05:12 PM PDT · by MinorityRepublican · 19 replies
    The Telegraph ^ | 13 Jun 2011 | James Kirkup
    Harriers would have been used for 'ground support' operations, attacking Col Gaddafi's land forces, Adml Sir Mark Stanhope said. Adml Sir Mark Stanhope said the campaign would have been more effective without the Government's defence cuts. The aircraft carrier and the Harrier jump-jets scrapped under last year's strategic defence review would have made the mission more effective, faster and cheaper, he said. Sir Mark warned that the Navy would not be able to sustain its operations in Libya for another three months without making cuts elsewhere. The First Sea Lord's comments will stir the debate over defence cuts that have...
  • The Problem With Supply Side Economics

    06/12/2011 6:20:17 PM PDT · by billflax · 29 replies
    Forbes ^ | 02/10/2011 | Bill Flax
    Supply side economics invokes the most basic element of human nature: self-interest. We all seek to improve our material circumstances. The tinier the tax man’s bite, the greater is our incentive to produce. As tax burdens lighten, motivation heightens, sparking a robust economy. Allowing producers to enjoy their hard earned gains is both just and effective. Contrasted with demand side economics it’s a no-brainer. It is neither just nor effective to funnel public money to political favorites hoping they will spend lavishly and thus stimulate production. Paying people not to produce inspires little effort. Depriving producers of needed capital so...