The Federal Government seems to be obeying with rather remarkable accuracy the constitutional mandate that the government may not spend money that has not been appropriated by Congress. I would be curious to hear from legal experts, however, what stops the government from lending money to federal employees, or just guaranteeing loans.

Given that she’s been running for president seemingly since first arriving in the nation’s capital two years ago, California Sen. Kamala Harris’ announcement this morning that she plans to enter what’s fast becoming a crowded Democratic field doesn’t qualify as “breaking news”.

“Los Angeles Teachers’ Strike: Why Isn’t The City’s Mayor Calling Balls And Strikes?” by Hoover Instititution’s Bill Whalen: Since his landslide re-election nearly two years ago, Eric Garcetti hasn’t shied away from his interest in relocating from Los Angeles City Hall to the Oval Office. Last year, he hosted a fundraiser for South Carolina Democrats in his city and delivered a college commencement address in New Hampshire.

A Stanford study indicates they make poor investment decisions because they’re overly influenced by campaign contributions and political considerations.