Cramdown would slow housing recovery

Freedom New Mexico As the ineffable H.L. Mencken once put it, “For every complex problem there is an answer that is clear, simple, and wrong.” An example now working its way through the Senate is the proposal, embraced by President Barack Obama and passed (in a worse version) by the House to allow bankruptcy judges […]

Editorial: Child insurance program only proves costly

The great American journalist H.L. Mencken tried to tell us, way back in 1920: “There is always a well-known solution to every human problem — neat, plausible, and wrong.” That’s a pretty good characterization of the $115 billion expansion of the State Children’s Health Insurance Program, commonly known as SCHIP, that President Obama signed earlier […]