If you know Los Angeles neighborhoods, USC is in the "hood" and UCLA is not:there have been 117 homicides within two miles of the USC campus but only seven near UCLA.
PJ Media » Culture — Not Race — Determines Many Crime Stats
"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"
"Life is a Bungling process and in no way educational." in James M. Cain
Jean Giraudoux who first said, “Only the mediocre are always at their best.”
If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill
"summum ius summa iniuria" ("More laws, more injustice.") Cicero
As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”
"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan
"Law is where you buy it." Raymond Chandler
"Why did God make so many damn fools and Democrats?" Clarence Day
"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown
"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"
Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.
Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples
“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift
If you know Los Angeles neighborhoods, USC is in the "hood" and UCLA is not:
President Obama has hit a new low. By promoting his reasoning for hiking taxes on the rich at the National Prayer Breakfast, he diminished the seriousness of his proposals and manipulated Jesus' teachings for his own political purposes.
Listening to Obama talk about taxation almost as a form of worship was beyond the bounds as he said, "For me as a Christian, it also coincides with Jesus's teaching that for unto whom much is given, much shall be required." He was quoting and distorting the Gospel of Luke and the Parable of the Faithful Servant. And, as Christians, we are greatly grieved by what Obama has done.
Obama is quoting a small portion of a lengthy answer given by Christ in response to a question by St. Peter. Here is a more complete version of Christ's dialogue from the New International Version:
"Who then is the faithful and wise manager, whom the master puts in charge of his servants to give them their food allowance at the proper time? It will be good for that servant whom the master finds doing so when he returns. I tell you the truth; he will put him in charge of all his possessions. But suppose the servant says to himself, 'My master is taking a long time in coming,' and he then begins to beat the menservants and maidservants and to eat and drink and get drunk. The master of that servant will come on a day when he does not expect him and at an hour he is not aware of. He will cut him to pieces and assign him a place with the unbelievers. That servant who knows his master's will and does not get ready or does not do what his master wants will be beaten with many blows. But the one who does not know and does things deserving punishment will be beaten with few blows. From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked."
-more at link-
One persistent myth that libertarians and other free-market types have to unmask is that President Herbert Hoover’s belief in laissez faire was responsible for dramatically worsening what became the Great Depression. The myth that Hoover stood around and did nothing while the economy collapsed gets repeated ad nauseum in the media by pundits including everyone from Nobel Prize winners like Paul Krugman to, most recently, MSNBC talk-show host Rachel Maddow.
The punditry is right about one thing: Hoover can be blamed for turning what would have likely been a severe but short market correction in the wake of the artificial boom of the 1920s into a deep and long Great Depression. The reason, however, is not that Hoover did nothing, but that he did many things. Hoover, much like FDR, was skeptical about free markets, as both his earlier work as secretary of commerce and his own description of his beliefs made clear. Faced with the worsening crisis in the fall of 1929, he expanded the federal government’s role in a whole variety of ways.
Long List of Interventions
Without going into detail about any one of them, the Hoover interventions include: expanded public works, greater government control over agriculture, the Smoot-Hawley tariff, a virtual end to immigration, government loans for construction and other businesses, and greater enforcement of antitrust laws. Most important was Hoover’s pressuring businesses to not cut wages even as the prices of their output fell. The result was higher real wages, which were responsible for the unemployment rate topping out at 25 percent, causing the greatest human toll of the Great Depression. (I ignore here the very important mistakes made by the Federal Reserve System in allowing the major deflation to take place, not because it was unimportant – it was crucial to making matters worse – but because Hoover had no real control over the Fed.)
Hoover also proposed budgets that raised total federal expenditures by almost 50 percent in nominal dollars and over 60 percent when we adjust for the deflation. He ran budget deficits in 1931 and 1932 that were 52.5 percent and 43.3 percent of total federal expenditures those two years. No year under Roosevelt between 1933 and 1941 had a deficit that large. Finally, in 1932 Hoover presided over the largest peacetime tax increase [1] in U.S. history, which among other things increased the income-tax rate on top incomes from 25 to 63 percent. This is hardly the program of a man committed to laissez faire.
[read on at the above link and read more in depth in Amity Shlaes' "Forgotten Man"]

WASHINGTON (AP) -- A Standard & Poor's official says there is a 1 in 3 chance that the U.S. credit rating could be downgraded another notch if conditions erode over the next six to 24 months.
The credit rating agency's managing director, John Chambers, tells ABC's "This Week" that if the fiscal position of the U.S. deteriorates further, or if political gridlock tightens even more, a further downgrade is possible.
Chambers also said Sunday that it would take "stabilization and eventual decline" of the federal debt as a share of the economy as well as more consensus in Washington for the U.S. to win back a top rating.
S&P downgraded the U.S. rating Friday, from AAA to AA+, for the first time.