April 29, 2013 marks four years without a true operating budget for our country. 1461 days and running. In the realm of budget history, April 29 is an historic day. First, an interesting juxtaposition exists between April 29, 1909 and April 29, 2009. On April 29, 1909, the world’s biggest Superpower — Great Britain — introduced the “People’s Budget”, which is famously noted for being | Read More »
Peter Ferrara pens a fantastic Op-Ed in Forbes this morning. He documents the myriad inaccuracies claimed by the Obama Administration regarding his new budget, the staggering amount of spending contained therein, and the additional taxes to be levied. He also does some cost comparison to Ryan’s budget and dispels the myth of the tax cut vs tax credit, (a point I have made many, many times as | Read More »
This Wednesday, February 27, marks some watershed moments of liberty in United States History: In 1922, the Supreme Court unanimously upheld the 19th amendment and a woman’s right to vote In 1951, the 22nd Amendment to the U.S. Constitution was ratified, limiting a U.S. President to two terms. In 1991, U.S. President George H.W. Bush announced live on television that “Kuwait is liberated”. On February | Read More »
Under law, the White House must submit a budget this year by February 4. According to the Hill, Late Friday evening, Deputy Director Zients confirmed that for the fourth time in five years, the president’s budget will not be submitted in compliance with the law,” Only 1 budget out of 4 have been submitted on time — the budget in 2010. The rest of the | Read More »
In order to understand the magnitude of government spending, debt and fiscal cliff “solutions”, it is helpful to scale down the numbers to more manageable ones that we are more accustomed to. Most citizens cannot properly comprehend the magnitude of the government finances because the amounts with which we are dealing were — at one time — unimaginable. First, some basic facts: 1. Government annual | Read More »
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