America

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

This is a pretty sobering piece by Neal Gabler, a well-known and respected writer of serious books, who confesses that he and his wife are pretty much broke. And they aren’t alone. Excerpts:

The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?

Well, I knew. I knew because I am in that 47 percent.

Following threats of economic sanctions against America from the Saudi royal family, the Obama administration have hit back by announcing that the original source of funding for Al Qaeda in the run-up to the 9/11 attacks came from the Saudi regime.  The stunning admission follows a serious deterioration in relations between the U.S. and Saudi Arabia, after the Whitehouse announced plans to declassify 28-pages from the 9/11 report that implicates Saudi Arabia as having a role in orchestrating the September 11 attacks.

Starting with Hammurabi, rulers have frequently appreciated that their subjects would be more acquiescent to being governed if they had at least a minimal appreciation that they were being treated fairly. That understanding has led to the development of law codes along the lines of the Roman Republic’s laws of the Twelve Tables, which were inscribed in bronze and posted prominently in the Forum so everyone would know what the rules were.