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The federal government is the world’s biggest taxer and the world’s
biggest debtor. If those of us in the private sector didn’t pay our taxes or
didn’t buy Washington’s paper, the feds would have gone belly-up
decades ago. We’ve rescued Washington to the tune of tens of trillions
of dollars over the years. A big difference between Washington’s bailing
out the private sector and the private sector’s bailing out Washington is
that the private sector has to work, invest, employ people, and produce
goods to come up with the cash. It can’t create it out of thin air like the Fed can.
-Lawrence Reed
Better a poor and wise youth Than an old and foolish king who will be admonished no more. Ecclesiastes 4:13
Question:
Or what king, going to make war against another king, does not sit down first and consider whether he is able with ten thousand to meet him who comes against him with twenty thousand? Luke14:31
Answer:
A king who watches too much FOX TV, reads too many Marvel comics, pays attention to the New York Times, and watches too many Hollywood political thrillers.
The narrow strait is the most important chokepoint for the world's oil supply. Some 21 million barrels — or $1.2 billion worth of oil — pass through the strait every day.
Will a closed Strait hurt Iran? In terms of international oil sales, yes, but in terms of daily life, no. Iran pumps 3.5 million barrels of crude oil per day. The situation at this hour:
