CHAPTER THREE: You Can’t Spend What You Don’t Have; You Can’t Borrow What You Can’t Pay Back
45 “As we peer into society’s future”:
Dwight D. Eisenhower, “Farewell Address to the Nation,” the White House, Washington, DC (January 17, 1961).
46 “The consequences arising”:
John Adams, “State of the Union Address,” Philadelphia (November 11, 1797).
47 “The Obama 10-year budget”:
Michael Boskin, “When Deficits Become Dangerous,”
Wall Street Journal
, February 11, 2010.
50 according to an estimate by:
“The Long-Term Budget Outlook,” Congressional Budget Office, June 2010.
CHAPTER FOUR: If You Drain the Lake, All the Fish Will Die
63 small businesses will have a 1,250 percent:
“New Law Increases Paperwork for Self-Employed Over a Thousand Percent,” National Association for the Self-Employed, May 25, 2010.
63 “Changes in marginal income tax rates”:
Veronique de Rugy, “1920s Income Tax Cuts Sparked Economic Growth and Raised Federal Revenues,” CATO Institute, March 4, 2003 (available at
www.cato.org
).
64 Art Laffer, an economic adviser:
Arthur Laffer, “Tax Hikes and the 2011 Economic Collapse,”
Wall Street Journal
, June 6, 2010.
64 Scott Davis, the CEO of UPS:
Scott Davis, “Capital Gains Taxes and the Recovery,”
Wall Street Journal
, June 4, 2010.
66 Nicole Gelinas of the Manhattan Institute notes:
Nicole Gelinas, “How ‘Soaking the Rich’ Clobbers You,”
New York Post
, April 14, 2010.
67 “Reducing or eliminating the corporate tax”:
Michael J. Boskin, “Time to Junk the Corporate Tax,”
Wall Street Journal
, May 6, 2010.
67 The U.S. statutory corporate tax rate:
Duanjie Chen and Jack Mintz, “U.S. Effective Corporate Tax Rate on New Investments: Highest in the OECD,”
CATO Institute Tax & Budget Bulletin
, May 2010.
69 “most harmful for growth”:
Asa Johansson, Christopher Heady, Jens Arnold, Bert Brys, and Laura Vartia, “Tax and Economic Growth,”
OECD Economics Department Working Papers
, July 11, 2008.
70 cost $230 billion in 2009:
“Monthly Budget Review, Fiscal Year 2009,” Congressional Budget Office, November 6, 2009.
70 the areas that suffered the least:
Richard Florida, “Homeownership Is Overrated,”
Wall Street Journal
, June 7, 2010.
71 It’s estimated that his estate:
Peter Whoriskey, “Steinbrenner Heirs Could Save Millions from the One-Year Gap in Estate Tax,”
Washington Post
, July 14, 2010.
72 eliminating the estate tax would create:
William Beach, “Now Is the Time to Permanently Repeal Federal Death Taxes,” Heritage Foundation, June 16, 2003 (available at
www.heritage.org
).
CHAPTER FIVE: Once Humpty Dumpty Falls, It’s Hard to Put Him Back Together
75 I know all too well about the dangers:
Mike Huckabee,
Quit Digging Your Grave with a Knife and Fork
(New York: Center Street, 2005).
76 almost 30 percent of our health-care costs:
Larry R. Gettman, “Economic Benefits of Physical Activity,”
President’s Council on Physical Fitness and Sports Research Digest
, September 1996.
77 “By our calculation, if the nation”:
Steven A. Burd, “How Safeway Is Cutting Health-Care Costs,”
Wall Street Journal
, June 12, 2009.
78 on-the-job injuries were seven times higher:
“Obesity Increases Workers’ Compensation Costs,” Duke Medicine News and Communications, April 23, 2007 (available at
www.DukeHealth.org
).
78 Obesity is especially dangerous:
“Growing Obesity Increases Perils of Childbearing,” New York Times, June 5, 2010; Anemona Hartocollis “Mothers’ Obesity Tied to Newborn Heart Defects,” Reuters, April 28, 2010.
79 an obese woman who had a stroke:
Anemona Hartocollis, “Growing Obesity Increases Perils of Childbearing,”
New York Times
, June 5, 2010.
80 over 40 percent of parents with obese children:
“Parental Concerns About Childhood Obesity: Time for a Reality Check?” C.S. Mott Children’s Hospital National Poll on Children’s Health, December 10, 2007.
80 Oregon has the lowest percentage of obese children:
Anne Harding, “Mississippi Has Most Obese Kids; Oregon Has the Least,” Reuters, May 3, 2010.
80 three recommendations for reducing childhood obesity:
Misti Crane, “Study: Family Routines Cut the Risk of Childhood Obesity,”
Columbus Dispatch
, February 8, 2010.
81 It’s even having an impact on the military:
“Too Fat to Fight: Retired Military Leaders Want Junk Food Out of America’s Schools,” Mission: Readiness, April 20, 2010.
84 “No one but Mr. Romney disagrees”:
Joseph Rago, “The Massachusetts Health-Care ‘Train Wreck,’”
Wall Street Journal
, July 7, 2010.
85 “will soon have affordable health insurance”:
Mitt Romney, “Health Care for Everyone?”
Wall Street Journal
, April 11, 2006.
85 Massachusetts Taxpayers Foundation stepped into the lab:
Robert J. Samuelson, “As Massachusetts Health ‘Reform’ Goes, So Could Go Obamacare,”
Washington Post
, July 19, 2010.
85 premiums in Massachusetts under RomneyCare are rising:
Joan Vennochi, “The Forbidding Arithmetic of Healthcare Reform,”
Boston Globe
, June 28, 2009.
86 “The decision is not whether or not we will ration care”:
Dr. Donald Berwick, quoted by Katherine T. Adams, “Rethinking Comparative Effectiveness Research,” Biotechnology Healthcare, June 2009, 6(2): 35–36, 38.
87 “Limited resources require decisions”:
Donald Berwick, “A Shared Statement of Ethical Principles for Those Who Shape and Give Health Care,”
Annals of Internal Medicine
, January 19, 1999, vol. 130 no. 2, 143–47.
CHAPTER SIX: If You Don’t Hear the School Bell Ring, Class Never Starts
90 Yet about one-third:
Jason Amos, “Dropouts, Diplomas, and Dollars: U.S. High Schools and the Nation’s Economy,” Alliance for Excellent Education, August 2008.
91 A dropout can expect to earn:
Ibid.
93 initial group of students:
op-ed by Adam B. Schaeffer, “Florida’s Unheralded School Revolution,”
Wall Street Journal,
May 1, 2010.
93 the results of national reading tests:
Sam Dillon, “Stagnant National Reading Scores Lag Behind Math,”
New York Times
, March 24, 2010.
94 A 2009 study by Margaret Raymond:
Margaret Raymond, “Multiple Choice: Charter School Performance in 16 States,” Stanford University, 2009.
95 “As a former teacher”:
Timothy Knowles, “The Trouble with Teacher Tenure,”
Wall Street Journal
, June 18, 2010.
96 “When I first came here ”:
Michelle Rhee, quoted by Stephen Brill, “The Teachers’ Unions’ Last Stand,”
New York Times Magazine
, May 17, 2010.
96 While more than half the states:
Stuart Buck and Jay P. Greene, “Blocking, Diluting, and Co-Opting Merit Pay” (presented at PEPG Conference: Merit Pay: Will It Work? Is It Politically Viable?, Harvard University, Cambridge, MA, June 2010).
CHAPTER SEVEN: Leave Your Campsite in Better Shape Than You Found It
105 one story in particular:
Theodore Roosevelt,
Theodore Roosevelt: An Autobiography
(New York: Macmillan Company, 1913), 17–18.
108 “What is a conservative but one”:
Ronald Reagan, “Remarks at Dedication of National Geographic Society New Headquarters Building” (June 19, 1984).
108 “Man is treated as if he were”:
Ayn Rand,
Return of the Primitive: The Anti-Industrial Revolution
(New York: Plume, 1999), 277.
111 Only about one in ten American households:
Steve Hargreaves, “Millions of Homes to Get Smart Meters,”
www.CNNMoney.com
, October 27, 2009.
113 If, as the Department of Energy predicts:
Joel Kirkland and Climatewire, “Global Emissions Predicted to Grow Through 2035,”
Scientific American
, May 26, 2010.
113 “Expanding nuclear energy makes both environmental”:
Christine Todd Whitman, “The Case for Nuclear Power,”
Bloomberg BusinessWeek
, September 17, 2007.
115 burning the city’s nonrecyclable garbage:
Norman Steisel and Benjamin Miller, “Power from Trash,”
New York Times
, April 27, 2010.
115 almost 350,000 households:
op-ed by Rose George, “. . . And Sewage, Too,”
New York Times
, April 28, 2010. The article says 340,000 households, which I rounded to “almost 350,000,” and it says 430,000 cars, which I rounded to “almost half a million.”
116 The Minerals Management Service (MMS):
Patrick Jonsson, “Gulf Oil Spill: Is MMS So Corrupt It Must Be Abolished?”
Christian Science Monitor
, May 26, 2010.
117 According to Thad Allen, whom Obama:
Jennifer Lebovich and Carol Rosenberg, “Oil Seeps into Florida Waterways,”
Miami Herald
, January 11, 2010.
118 “Never let a serious crisis go to waste”:
Rahm Emanuel, quoted by Jeff Zeleny, “Obama Weighs Quick Undoing of Bush Policy,”
New York Times
, November 9, 2008.
119 That’s exactly what I did:
Thomas L. Friedman, “We’re Gonna Be Sorry,”
New York Times
, July 24, 2010.
122 five-trillion-dollar market:
“Captains of Subsidy,”
Wall Street Journal,
June 16, 2010.
122 sixty thousand barrels of oil:
Mark P. Mills, “Notes from Underground,”
Wall Street Journal,
July 2, 2010.
123 “There are many guesses as to what”:
Stuart Butler and Kim R. Holmes, “Twelve Principles to Guide U.S. Energy Policy,” Heritage Foundation, June 26, 2007.
124 “There is little doubt that China’s growing”:
David Pumphrey, quoted by Spencer Swartz and Shai Oster, “China Tops U.S. in Energy Use,”
Wall Street Journal
, July 18, 2010.
126 “These efforts to dominate renewable energy”:
Keith Bradsher, “China Leading Global Race to Make Clean Energy,”
New York Times
, January 30, 2010.
127 “OPEC sets oil’s price ”:
R. James Woolsey, “How to End America’s Addiction to Oil,”
Wall Street Journal
, April 15, 2010.
128 For all of these reasons:
Matthew L. Wald, “Study Says Natural Gas Use Likely to Double,”
New York Times
, June 25, 2010.