So let me see if I can get this Barack Obama arithmetic down. If someone makes between $34,000 and $50,000, they pay an effective Federal tax of 14.3%, but if one is in the top 5% of earners in household income, the effective Federal tax rate is 27.9% And for those “millionaires and billionaires,” the effective rate is 32%. But according to the Obamatrons, when | Read More »
So tonight, Barack Obama will deliver a major speech to Congress and the American people about jobs. From what the media says, we can expect a $300 billion stimulus-like program. Among the ideas are an extension of the employee payroll tax cuts and a new one for employers. I am all for cutting taxes, hence so far so good. But even still, the proposed employer | Read More »
So, the great debt ceiling debate and controversy is over for now and the post mortems are being written as to who won and who lost. Although the devil is in the details and we really don’t know much of the details, it is a wait and see game now. From my standpoint, the inclusion of some trigger mechanism to force cuts under threat of | Read More »
Debbie Wasserman Schultz, the Chairman of the DNC, was recently in television once again spouting the Democratic lies, trying to spin an otherwise dismal employment report. Of course, she stated the fact that in the past year or so, the Obama Administration created s many jobs. That comes as small consolation to the 9.1% of the labor force currently unemployed, not to mention the countless | Read More »
As the President and Vice-President run around the country touting their economic recovery plan- such that exists beyond spend and spend more- a look at the real economic numbers are in order. It is increasingly obvious that this Administration is just ignorant of the stark facts or does not understand. Given the alleged brain power on his economic team, I opt for ignorance. Today, Joe Biden | Read More »
The two year Presidency of Barack Obama has been replete with some bizarre twists and turns that have many heads spinning. Everything can be basically reduced down to the fact that he has created a psychological fantasy world around himself and his policies. Clearly, this Administration is not living in the real world that everyone else sees. Obama’s take on federal spending and | Read More »
This entry probably goes against the grain of most stories posted here by writers. This is based upon personal experience. Since the age of 13, my wife of now almost 20 years, has worked. Whether it was in a diner, a convenience store, the local DMV office, or with a major organization, she paid her taxes and paid into unemployment in the State. There | Read More »
While President Obama has been using his weekly radio address to slam Republican “obstructionism,” he ignores the fact that his policies have been abject failures. He sees “progress” in weak economic numbers and appears to be operating in some bizarre bubble of optimism. During the recent G-20 summit in Toronto, Obama’s call for more spending fell on deaf ears. To underscore the problem, these | Read More »
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