Assumptions and Inaccuracies in Obama’s Budget

By: alanjoelny (Diary)  |  April 20th at 11:15 AM  | 

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 »

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 »

Forget 12/21: Today We are 1331 Days Without A Budget

By: alanjoelny (Diary)  |  December 20th at 01:33 PM  | 

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 »