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With the European debt crisis dominating the news and threatening to pull the world into a double-dip recession, there are growing calls for Uncle Sam to come to the rescue. The U.S. is already committing untold billions to the $1.4 trillion European bailout fund, but that’s not enough, according to some European leaders and even U.S. politicians. They say that while the EU bailout is costly, it’s also necessary. They are only right about the cost. These endless bailouts are not only unnecessary, but are in fact dan...
A few weeks ago, I was enjoying a nice dinner at Anthony’s restaurant in Spokane, and as I sat on the terrace, I couldn’t help but marvel at the massive amount of water flowing over the Spokane Falls. I also couldn’t help but think about the potential flooding that would take place in Eastern Washington this year were it not for our dams. While the Mississippi River and its tributaries are currently spilling over their banks and levees, Eastern Washington is mostly safe from such a disaster. That’s because of our dams. B...