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The Committee For a Responsible Federal Budget celebrates the end of Fiscal Year 2009 with a breakdown of the year’s most appalling financial and budget statistics. Some highlights: • $1,650,971,205,167 added to the national debt, bringing the total to $7.5 trillion. • 99 banks taken over by the Federal Deposit Insurance Company.

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Another Fiscal Year Older and $1.65 Trillion Deeper In Debt

You ever wonder how Andrew Young, the not- ex-mayor-of-Atlanta who falsely claimed paternity for John Edwards’ love child even though he had a wife and three kids of his own, ever, um, got to such a place? I don’t know if this Politico article by Ben Smith quite unravels the mystery, but it does illustrate in some detail the abject sickness very near the intersection of scarequote-worthy "idealism" and massive political power. File this nauseating piece away for the next time you hear some A-list politician confuse his own political success with selfless "service."

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"John was his idol–his hero–and probably who he considered his best friend and his mentor….He thought that he had offered the ultimate…

You ever wonder how Andrew Young, the not- ex-mayor-of-Atlanta who falsely claimed paternity for John Edwards’ love child even though he had a wife and three kids of his own, ever, um, got to such a place? I don’t know if this Politico article by Ben Smith quite unravels the mystery, but it does illustrate in some detail the abject sickness very near the intersection of scarequote-worthy “idealism” and massive political power. File this nauseating piece away for the next time you hear some A-list politician confuse his own political success with selfless “service.”

See the original post:
“John was his idol–his hero–and probably who he considered his best friend and his mentor….He thought that he had offered the ultimate sacrifice”

We are upgrading our website platform tonight (Sept 30) between 11 pm and about 2 am eastern.

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Reason.com Server Tonight

From our October issue, Senior Editor Radley Balko reports on how private philanthropy transformed a small Midwestern town into an architectural marvel. Read all about it here.

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New at Reason: Radley Balko on the Architecture of Columbus, Indiana

…it is true that Hugo Chavez doesn’t like The Family Guy . Charlie Devereux reports : Venezuelan state TV today broadcast an excerpt from "Family Guy" as an example of how the U.S.

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It’s Not True That Corrupt Presidents-For-Life Are the Only People Who Don’t Like The Family Guy, But…

On this date 128 years ago was born the great economist and political thinker Ludwig von Mises, the fountainhead of modern libertarianism in the American style (not only for the quality and breadth of his own work, but for his direct influence on almost every other major American libertarian giant–everyone from Hayek to Rand to Rothbard learned their take on economics from him), though he himself was born Austrian. You can find him being lauded across the Web today, for good reasons, but here’s a compact one I particularly enjoyed from Steven Horwitz at the "Austrian Economists" blog

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Happy Birthday, Ludwig von Mises!

Four years ago the U.S. Supreme Court upheld New London, Connecticut’s controversial use of eminent domain to implement a "comprehensive redevelopment plan" that would provide "appreciable benefits to the community." So how’s that working out? Rick Koster of Connecticut news site The Day has a great new video showcasing exactly what New London has done so far to implement this desperately needed economic development

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A Walking Tour of the Kelo "Redevelopment"

According to many would-be health care reformers, America is addicted to expensive high-tech medicine. So to prevent the health care system from going broke, these reformers say we should "just say no" to medical innovation. But as Science Correspondent Ronald Bailey reports, claims that high-tech medicine is responsible for ever escalating health care costs may be wrong.

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New at Reason: Ron Bailey on Medical Innovation and Skyrocketing Health Care Costs