A Nation of Moochers
Page 23
4. Lawrence H. Summers, “Unemployment,” The Concise Encyclopedia of Economics, http://www.econlib.org/library/Enc/Unemployment.html. See also James M. Poterba and Lawrence H. Summers, “Unemployment Benefits, Labor Market Transitions, and Spurious Flows: A Multinational Logit Model with Errors in Classification,” NBER Working Paper No. 4434, September 1995; Martin Feldstein, “The Economics of the New Unemployment,” Public Interest 33 (Fall 1973): 3–42; Martin Feldstein, “Why Is Productivity Growing Faster?” NBER Working Paper no. 9530, March 2003; Robert Hall, “Employment Fluctuations and Wage Rigidity,” Brookings Papers on Economic Activity 1 (1980): 91–141; Lawrence H. Summers, Understanding Unemployment (Cambridge, Mass.: MIT Press, 1990); Lawrence H. Summers, “Why Is the Unemployment Rate So Very High Near Full Employment?” Brookings Papers on Economic Activity 2 (1986): 339–83; and Lawrence H. Summers and Kim B. Clark, “Labor Market Dynamics and Unemployment: A Reconsideration,” Brookings Papers on Economic Activity 1 (1979): 13–60.
5. Alan B. Krueger and Bruce D. Meyer, “Labor Supply Effects of Social Insurance,” National Bureau of Economic Research, February 2002.
6. Cited in Reynolds, “The ‘Stimulus’ for Unemployment.”
7. Robert Barro, “The Folly of Subsidizing Unemployment,” Wall Street Journal, August 30, 2010.
Chapter 17. Mooching Off the Kids
1. Jeremy Pelzer, “Al Simpson Speaks Out Against Debt Committee Critics, Political Climate,” Casper Star-Tribune, November 24, 2010.
2. Nick Gillespie and Veronique de Rugy, “The 19 Percent Solution: How to Balance the Budget without Increasing Taxes,” Reason, March 2011.
3. The Heritage Foundation, “2010 Budget Chart Book,” Washington, D.C., 2010. http://www.heritage.org/budgetchartbook/PDF/All-Budget-chart-book-2010.pdf.
4. Riedl, “Federal Spending” (see chap. 1, n. 19).
5. Paul Ryan and Jeb Hensarling, “Big Government Debt Mortgages Our Children’s Future,” Washington Examiner, June 21, 2010.
6. “The Next Generation’s Debt Burden,” House Republican conference based on CBO projections, http://www.gop.gov/policy-news/10/08/24/the-next-generations-debt-burden.
7. Paul Krugman, “Fiscal Scare Tactics,” New York Times, February 5, 2010.
8. Ibid.
9. Scrivener.net, “Krugman Versus Krugman on Deficits and Debt—Who Can You Believe?” August 29, 2009, http://blog.scrivener.net/2009/08/krugman-versus-krugman-on-deficits-and.html.
10. Paul Krugman, “A Fiscal Train Wreck,” New York Times, March 11, 2003.
11. Cindy Perman, “Dying with Debt: A Dirty Little Retirement Secret,” USA Today, November 22, 2010.
12. Christopher Buckley, Boomsday (New York: Twelve, Hatchett Book Group, 2007), ff.
13. Riedl, “Federal Spending.”
14. Robert J. Samuelson, “A Rail Boondoggle, Moving at High Speed,” Newsweek, August 24, 2009; also Robert J. Samuelson, “High-Speed Pork: Why Fast Trains Are a Waste of Money,” Newsweek, October 29, 2010.
15. Riedl, “Federal Spending.”
16. Ibid.
Chapter 18. We’re All from Starnesville Now
1. Ayn Rand, Atlas Shrugged (New York: Dutton, 1992), 660–72.
2. Ibid., 660–61.
3. Ibid., 662.
4. Ibid.
5. Ibid., 665.
6. Ibid., 323.
7. Ibid., 666.
8. Ibid., 666–67.
9. Ibid., 667.
10. Ibid., 663–64.
11. Ibid., 309.
12. Ibid., 310.
Chapter 19. What’s Fair?
1. Robert Nozick, Anarchy, State, and Utopia (New York: Basic Books, 1974), 168–72.
2. Ibid., 163.
3. Ibid., 161.
4. Ibid., 160.
5. Voegeli, Never Enough, 102–3 (see chap. 1, n. 22).
6. John Rawls, A Theory of Justice (Cambridge, Mass.: Harvard University Press, 1971), 64.
7. Ibid., 103–4.
8. Schmidtz, Elements of Justice, 60 (see chap. 1, n. 2).
9. Ibid.
10. Rich Lowry, “Bourgeois Dignity & the Miracle of the Modern World,” RealClearPolitics.com, December 3, 2010, http://www.realclearpolitics.com/articles/2010/12/03/innovation__the_miracle_of_the_modern_world_108143.html.
11. Deirdre McCloskey, Bourgeois Dignity: Why Economics Can’t Explain the Modern World (Chicago: University of Chicago Press, 2010), 1.
12. Aristotle, Politics 2. 3. 1261b, translated by Benjamin Jowett as The Politics of Aristotle: Translated into English with Introduction, Marginal Analysis, Essays, Notes and Indices (Oxford: Clarendon Press, 1885), vol. 1 of 2.
Chapter 20. Step Away from the Trough
1. Kelly L. Ross, “Rent-Seeking, Public Choice, and the Prisoner’s Dilemma,” www.friesian.com/rent.htm, http://www.roadmap.republicans.budget.house.gov.
2. Chris Edwards, “A Plan to Cut Spending and Balance the Federal Budget,” Cato Institute, November 2010.
3. Paul Ryan, “A Roadmap for America’s Future,” Budget Committee Republicans, House of Representatives, Washington, D.C., 2010. http://www.roadmap.republicans.budget.house.gov/.
4. Olson, The Rise and Decline, 73 (see chap. 2, n. 2).
5. George Lightbourn, “It’s Morning Again in Wisconsin,” WI Magazine, Fall 2010.
Index
The index that appeared in the print version of this title does not match the pages in your e-book. Please use the search function on your e-reading device to search for terms of interest. For your reference, the terms that appear in the print index are listed below.
ABC News
ACORN Housing
adjustable rate mortgages (ARMs). See also mortgage loans
ADM. See Archer Daniels Midland
Affleck, Ben
Affordable Advantage program
AFL-CIO
AFSCME labor union
agricultural subsidy programs
cost of
crop insurance and
disaster relief-based
favoritism in
meal programs tied to
necessity of
origins of
stigma associated with
Aid to Families With Dependent Children
AIG (American International Group)
collapse/bailout of
lobbying, political, by
Air Force One
American Enterprise Institute
American International Group. See AIG
Americans for Tax Reform
“A Nation of Moochers” (O’Rourke)
Andreas, Dwayne
antihomelessness subsidies
Archer Daniels Midland (ADM)
Arends, Brett
Aristotle
ARMs. See adjustable rate mortgages
Atlanta Journal-Constitution
The Atlantic
Atlas Shrugged (Rand)
AT&T
Bailout Nation (Ritholtz)
bailout of 2008-09
AIG and
auto companies and
CDSs related to
Citigroup and
conflicts of interest in
Fannie Mae and
Freddie Mac and
General Motors and
Goldman Sachs and
for homeowners
lobbying ties to
mortgages, high-risk, and
precedents to
Balmoral Farming Partnership, Louisiana
Bank of America
bailout of
Bank of New York
Barro, Robert
Bastiat, Frederic
Beach, William W.
Bear Stearns
Beiter, Peter
Bell, California, public employees in
Bellwood, Illinois, public employees in
Bernanke, Ben
Biden, Joe
Black Swan (movie)
Blanco, Kathleen
Boaz, David
Boden, Leslie I.
Boeing
Boomsday (Buckley)
Boortz, Neal
BP oil spill
Bradley, Kiki
Buckley, Christopher
budget, federal. See also national debt
2007
2009
2011
Bureau of Economic Analysis
Bureau of Labor Statistics
Bush, George H. W.
Bush, George W.
corporate lobbying and
national debt/spending under
real estate bubble and
Caesar
California Highway Patrol
California Public Employees’ Retirement System
Carney, Timothy P.
on bailout of 2008-09
on corporate lobbying
Carter, Jimmy
Cash for Clunkers program
failure of
Cassidy, John
Catalogue of Federal Domestic Assistance
Cato Institute
on federal subsidy programs
on food stamps
on lobbying
CBO. See Congressional Budget Office
CDOs. See collateralized debt obligations
CDSs. See credit default swaps
cell phone subsidies
Census Bureau
Centennial High School, Pueblo, Colorado
Center for Responsive Politics
Center on Budget and Policy Priorities
CESI Debt Solutions
Challenger (Space Shuttle)
Chicago Tribune
childcare subsidies
Christie, Chris
Chrysler, bailout of
Churchill, Winston
Cisneros, Henry
Citigroup
bailout of
Citizens Against Government Waste
City Journal
Civil Sidewalks measure (San Francisco)
Clinton, Bill
CRA under
Cloward, Richard
CNBC
Coalition on Homelessness
Coca-Cola
Coleman, James
collateralized debt obligations (CDOs). See also mortgage loans
Community Reinvestment Act (CRA)
Concannon, Kevin
Congressional Budget Office (CBO)
health insurance estimates by
national debt estimates by
Congressional Oversight Committee
Conrad, David
converter boxes, television
Cook, Ken
corporations. See also bailout of 2008-09
automaker
green initiatives for
lobbying, political, by
mortgage securitization by
pharmaceutical
subsidy programs for
tax credits for
CRA. See Community Reinvestment Act
Crane, David
credit default swaps (CDSs)
cronyism. See corporations
Daily Caller (web site)
Daily Mail
Daniels, Mitch
Dauphin Island, Alabama, flooding of
Davey family (Great Britain)
Davies, Gareth
De Boer, Nico
defaults, mortgage. See also mortgage loans
morality and
stigma associated with
strategic
DeHaven, Tad
Delphi
Dembe, Allard E.
Democratic Party
campaign donations to
dependency culture and
work ethic and
Department of Homeland Security
Department of Housing and Urban Development
Department of Public Instruction (Wisconsin)
The Detroit News
on corporate lobbying
on unemployment
disaster-relief subsidies
agricultural
flood-prone areas and
for Katrina, Hurricane
necessity of
Disney
Dole, Bob
Dole, Elizabeth
Donaldson, Sam
The Dream and the Nightmare (Magnet)
Earned Income Tax Credit (EITC)
fraud related to
qualification for
Edsall, Thomas
educational subsidy programs. See also specific programs
for meals
student loans and
Edwards, John
Einstein, Albert
EITC. See Earned Income Tax Credit
Elman, Richard
Employee Benefit Research Institute
entitlements. See subsidy/entitlement programs, government
Environmental Working Group (EWG)
ethanol subsidies
EWG. See Environmental Working Group
Fair Credit Reporting Act
families. See also subsidies, parental
age of dependency in
deterioration of
middle-class penalization in
mooching by kids in
mooching by parents in
perpetuation of welfare in
Fannie Mae
bailout of
real estate bubble and
Federal Communication Commission
Federal Housing Administration
Federal Reserve Bank
bailout by
of Kansas City
Feldstein, Martin
FEMA, hurricane subsidies by
Fiano, Cassy
Figg, Derek
The Fighter (movie)
Finley, Nolan
Food Share program
food stamps
for college students
dependency fostered by
eligibility for
for hipsters
spending on
stigma associated with
user statistics for
Forbes
on incentives to work
“moocher ratio” by
on pensions
401(k)s
Fox News
Frank, Barney
Freddie Mac
bailout of
real estate bubble and
Freedom of Information Act
From Opportunity to Entitlement (Davies)
GAO. See Government Accountability Office
GDP. See Gross Domestic Product
Geithner, Timothy
General Accounting Office, U.S.
General Electric
General Motors (GM)
bailout of
lobby, political, by
GI Bill
Gila River Farms, Arizona
Ginsberg, Mitchell
GM. See General Motors
Goldman Sachs
bailout of
lobby, political, by
Goodman, Paul
Gottlieb, Scott
government. See also bailout of 2008-09; subsidy/entitlement programs, government
bailout of corporations by
budgets by
employees of
income, personal, supplied by
lobbying of
national debt by
real estate bubble fanned by
spending statistics for
unions for workers in
Government Accountability Office (GAO)
Great Britain, subsidies in
Great Depression, U.S.
Greece, public employees in
Greenhut, Steven
green initiatives
Green River Community College, Washington
Gross Domestic Product (GDP)
Grothman, Glenn
Guiso, Luigi
Hagan, Joe
HAMP. See Home Affordable Modification Program
Harris, Jack
Harvard University
Joint Center for Housing Studies at
Hayek, Friedrich
Health and Human Services
Health Car
e and Education Reconciliation Act of 2010. See also health care reform bills
health care reform bills
age of dependency under
incentives, work, and
insurance premiums under
Medicaid’s impact by
health service subsidies. See also specific subsidies
health care reform’s impact on
Medicaid
Medicare
qualification for
spending on
user statistics for
Hennessey, Keith
Hensarling, Jeb
The Heritage Foundation
on dependency culture
on food stamp use
on personal income
on real estate bubble
Herricks, Mary
Hevesi, Alan G.
high-speed rail plan
Hilton Head Island, South Carolina, flooding in
“Hipsters on Food Stamps” (Salon.com)
Hitler, Adolf
Hodge, Scott
Holiday Inn JFK, New York
home(s)
credits
disaster relief for
insurance
ownership statistics for
subsidies/assistance programs for
Home Affordable Modification Program (HAMP)