Obama’s Deficit Reduction/Sequestration Plan Was to Add $ 1 Trillion in New Revenue

By: alanjoelny (Diary)  |  March 1st at 09:56 AM  | 

Obama’s been acting like a petulant child since his sequestration plan showed signs of backfiring. It was intended to force the Republicans to cave to his demands for yet another “balanced approach” to deficit reduction because he took the gamble that the Republicans would never, ever allow sequestration/defense cuts to happen. He tried everything from inciting fear to media collaboration to foist new taxes upon | Read More »

Are We Being Set Up (For More Taxes)?

By: alanjoelny (Diary)  |  February 26th at 04:20 PM  | 

Picture the all-too-familiar scenario: it’s nearing a fiscal decision deadline. Congress is deadlocked over action — in this case, it’s Sequestration (large budget cuts). It’s possible that there will there will be no decision on Sequestration by March 1, because deadlines mean nothing in Congress – as we just witnessed with the Fiscal Cliff debates running over the edge. Or are we being set up | Read More »

February 27: A Day For Liberty and History (and 1400 Days Without a Budget)

By: alanjoelny (Diary)  |  February 24th at 08:01 PM  | 

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 »

Woodward Confirms Sequestration was Obama’s & Obama “Moved Goalposts”

By: alanjoelny (Diary)  |  February 22nd at 08:39 PM  | 

Yesterday, I wrote about Obama’s 180 degree turn from proposing the sequestration cuts and vowing to veto to keep them, to blaming Congress during the Presidential debates, to currently blaming Republicans for sequestration. I backed up Obama’s shifting narrative to commentary from both the Washington Post and Politifact less 2- 3 weeks before Election Day, who affirmed that sequestration originated from Obama. These points were | Read More »

WaPo and Politifact Agree Sequestration Was Obama’s; Obama Once Vowed Veto to Keep

By: alanjoelny (Diary)  |  February 20th at 08:05 PM  | 

Is anyone else getting a little bit tired of the President of the United States continuing to blame Republicans for sequestration? Time for some flashback — On November 21, Obama gave a speech explaining the failed Super Committee. He discussed the automatic cuts to the defense budget (sequestration) and the need for a balanced approach (cuts and taxes for the wealthy) to deficit reduction. Standing | Read More »

State of the Union — Read Between the Lines

By: alanjoelny (Diary)  |  February 12th at 11:13 PM  | 

Here’s a rundown of the top Obama lines from the State of the Union, along with the appropriate responses: “After years of grueling recession, our businesses have created over six million new jobs” — Mainly for the government and IRS “Our economy is adding jobs – but too many people still can’t find full-time employment” — We are barely adding enough jobs to just keep | Read More »

The Insanity of Additional Government Spending

By: alanjoelny (Diary)  |  February 11th at 11:20 PM  | 

As we prepare to hear the next State of the Union speech, we are hearing that Obama is going to push for more spending. The idea that government spending is necessary in order to keep an economy going is a Keynesian theory that hasn’t proven worthwhile in the last four years. At the same time, business growth has been sluggish to non-existence because of – | Read More »

Will Obama Wait?

By: alanjoelny (Diary)  |  January 11th at 10:08 PM  | 

There are two important fiscal dates coming up in February: February 12 and February 15. February 12 is the scheduled date of Obama’s State of the Union speech, which is also Lincoln’s birthday. It also happens to be three days before the “X Date”, February 15, the estimated date that the Treasury may not be able to pay its bills. The debt ceiling deadline. Does | Read More »

Capital Gains Shell Game

By: alanjoelny (Diary)  |  January 10th at 09:37 AM  | 

Back in 2008 when Obama was debating Hillary Clinton on national TV, Obama noted that raising the capital gains rate would likely reduce federal revenue collections, but insisted it was good policy anyway — because it was a policy of “fairness”. Why would raising the capital gains tax be a revenue loss? The effect of higher taxes on jobs and income would slow the economy. | Read More »

Class Warfare Won

By: alanjoelny (Diary)  |  November 7th at 11:30 AM  | 

Class warfare proved to be the winner in this election cycle as it was a key component of Obama’s policies and re-election rhetoric. The components of such a tactic were easily recognized: 1) the political opponent (Romney) will hurt those among us who are most vulnerable (elderly, poor, etc); 2) the political opponent (Romney) does not care about the “middle class”; 3) the political opponent | Read More »