“Chicken Little” Obama: Default is Scare Tactic
The definition of “scare tactic”: a strategy intended to influence public reaction by the exploitation of fear. President Obama is claiming that if Congress does not raise our debt ceiling, America will default on its obligations for the first time in our country’s history. His claim is untrue. Regardless of the debt ceiling, tax revenue will continue to flow into our Federal government coffers, to | Read More »
Et Tu, Paul Ryan?
Evidently Paul Ryan does not want to run for President; he voted for the amended fiscal cliff bill HR8, ironically titled “American Taxpayer Relief Act of 2012.” His likely rival, Senator Marco Rubio, voted no. Eric Erickson of RedState.com tweeted, “The number of people who’ve convinced themselves this bill means the GOP cut taxes is pretty hysterical.” This is the legislation that will raise $41 | Read More »
Democrats’ Brilliant Incrementalism
Republicans in the Senate wimped out on New Year’s Eve. All but 5 GOP Senators voted for the Biden/McConnell fiscal cliff legislation that, according to the Congressional Budget Office, raises $41 in taxes for every $1 in spending cuts. Why would they do that? According to Senator John Cornyn, “I voted for this bill because it prevents a huge tax increase on 99 percent of | Read More »