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S.C. must act wisely with $350 million surplus

 

By Richard Eckstrom, S.C. Comptroller I’ll start with the good news: I recently closed the books for the fiscal year that ended June 30, and even after some additional “contingent” spending at year-end the state finished with $350 million in surplus revenues. Annual tax revenue totaled $8.8 billion, an increase of 8.6 percent over last year.…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: on-the-move, op-ed

The great deficit gamble

 
Robert Samuelson

By Robert Samuelson   It’s getting harder and harder to write these budget columns, because it must be obvious to almost everyone by now that hardly anyone in Washington (or perhaps any place) cares about the budget deficits. The assumption is that we can raise spending and cut taxes forever — or until some crisis…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

To heck with profits!

 
Robert Samuelson

By Robert Samuelson   We’ve been here before: one of those portentous moments when corporate America promises to be more socially “responsible.” These episodes are, it seems, a permanent feature of modern capitalism. Just this week, the Business Roundtable, a group representing the leaders of major corporations, issued a “statement on the purpose of a…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

Learning from the Great Depression

 
Robert Samuelson

By Robert Samuelson   What is striking about the latest bouts of financial turmoil — the recent wild swings in global stock and bond markets — is that they provide a sobering reminder of the potential hazards of economic instability. There are parallels between the present tumultuous situation and past episodes of economic disruption, including…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

Here’s why we may be underspending on defense

 
Robert Samuelson

By Robert Samuelson   I’ve written several columns this year on military spending, contending — against conventional wisdom — that we don’t spend more than the next eight countries combined, including China and Russia. That startling claim is often made, and if it’s untrue, we’ve been deluding ourselves for years. Rather than overspending on defense,…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

Is the economy turning against Trump?

 
Robert Samuelson

By Robert Samuelson   To have a recession or not — that is the question. It also encompassed last week’s most important political news, notwithstanding all the public attention understandably focused on the mass shootings in El Paso and Dayton. There is growing evidence of a possible recession. If one materializes, President Trump could lose…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

The shaming of America

 
Kathleen Parker

By Kathleen Parker   One of the everlasting social forces in directing human behavior — shame — has become part of the 2020 presidential race. And one of the most shameful things in these times is to be thought or labeled a racist. As it should be, if true. Thus, some Democrats and others hoping…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

The China-America trade crackup

 
Robert Samuelson

By Robert Samuelson   Donald Trump sold himself to the American public as an expert deal-maker. At the top of his list was a promised trade bargain with China that would boost U.S. exports and remedy some of the more egregious examples of discrimination against American firms. It isn’t working as planned. To the contrary:…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

A tale of Zorro and Little St. Jeff’s

 
Kathleen Parker

By Kathleen Parker   The more we learn, the more Jeffrey Epstein resembles an evil comic book character for the developmentally arrested intellectual — the charming-but-lurid mastermind with a plot to take over the world by impregnating scores of women on a remote desert estate. Last Wednesday, The New York Times reported that the financier/convicted…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed

The Fed’s jobs machine

 
Robert Samuelson

By Robert Samuelson   Federal Reserve Chairman Jerome Powell has not been shy about saying what he’s trying to do: prolong the economy’s expansion so that it creates more jobs for those who, in the past, have often felt left out. The Fed increasingly sees itself as a social agency dedicated to job creation. That…

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Posted in: lowcountrybizsc, midlandsbiz, upstatebizsc   Category: op-ed