As far as amnesty, that’s where [Charlie Crist] and I disagree. He would have voted for the McCain plan. I think that plan is wrong…if you grant amnesty…you will destroy any chance we will ever have of having a legal immigration system that works here in America. [Marco Rubio, Fox News Sunday debate with Charlie Crist, March 28, 2010] It’s this sort of straight talk | Read More »
Well, Obama is approaching another milestone. In addition to breaching the $16 trillion debt mark, Obama will earn another gold medal in the Greek Olympics for fiscal insanity. According to CBO, we will definitely incur another $1 trillion debt this year, ensuring that Obama will become not only the only president to rack up a trillion dollar debt, but the only one to ever do | Read More »
Last year, we were proud to be one of the first websites to publicly promote the Republican Study Committee’s Cut, Cap and Balance (CCB) plan. What started out as an idea hatched by a few principled conservatives grew into a unifying rallying cry for the entire conservative movement. Sadly, GOP leadership jettisoned the universally-heralded CCB plan in favor of the Budget [Out of] Control Act, | Read More »
“The rosy predictions for revenues and reduced healthcare spending can come to fruition, but not with the current socialist policies as the baseline.” The budget season has officially commenced today with CBO’s release of its annual budget and economic outlook. Here are some of the major takeaways from the report: FY 2012 Budget The topline figure that the media will focus on is the projected | Read More »
“in typical Democrat asinine fashion, they are promulgating a defacto permanent tax cut by telegraphing to the public that it is only temporary, thereby minimizing the pro-growth effect of the tax cut.” After decades of monstrous lies about Social Security, Democrats have finally blown the cover off their stratagem. They have always proclaimed that our payroll taxes were held securely in a trust fund in | Read More »
As the original 2% payroll tax cut for employees is set to expire next month, Democrats are proposing an even bigger cut. Earlier this week, they introduced legislation (S.1917) to cut the payroll tax to 3.1 percent for employees, and for employers on the first $5 million of their payroll. The bill would also eliminate the payroll tax paid by employers for the last quarter | Read More »
As the tumultuous year of 2011 winds down, Congress will be facing a number of crucial budget deadlines. Aside for the supercommittee deadline to find $1.2 trillion in deficit reduction (over ten years), they must contend with the December 31 expiration of three provisions of the 2010 tax extenders deal; payroll tax cuts, unemployment benefits, and ethanol subsidies. Now the Washington Post is reporting that | Read More »
Senator Tom Coburn released a report, Subsidies of the Rich and Famous, detailing a list of subsidies, transfers, and “tax breaks,” that are paid to individuals with Adjusted Gross Income (AGI) of over $1 million. The report found that millionaires have received at least $9.5 billion in “government payments” since 2003 and $113.7 billion in “tax breaks” since 2006. Accordingly, Coburn concludes that many of | Read More »
By far, our largest unfunded liabilities are Social Security and Medicare. According to recent actuarial reports, Medicare faces a $25 trillion liability and Social Security has an unfunded liability of $21 trillion. And those numbers are regarded as low-ball figures, due to their unrealistic accounting for cost-cutting measures. They already represent the largest expenditures of the federal government, with Social Security and Medicare consuming 20.2% | Read More »
One fundamental liberal desideratum is the achievement of equal results at the expense of equal opportunity. Conservatives believe in implementing policies that protect our God-given rights, which provide every human being with an equal opportunity to succeed. Liberals reject policies that foster unfettered equal opportunity because they invariably produce unequal results, being that human beings have different talents, capabilities, work ethic, and luck. On Tuesday, | Read More »
When Herman Cain proposed his 9-9-9 plan, many conservatives became energized, despite their misgivings with the fine print of the plan. It wasn’t so much the details of the proposal that excited the base, as most conservatives intuitively recoiled from a consumption tax; it was the boldness of the plan that resonated with them. Cain’s 9-9-9 brought some excitement to a race that was defined | Read More »
The recent Social Security demagoguery that has been propagated by Mitt Romney and other big-government apologists is truly repugnant. Accusing those who desire to preserve and expand personal retirement – of eliminating Social Security for seniors is akin to an arsonist blaming firefighters for fanning the flames. It was the very big-government statists like Romney who obfuscated and corrupted the original intent of Social Security; | Read More »
Well, 32 months into his presidency, Obama has finally released his jobs and deficit reduction plans. Surprisingly, he is not attempting to obfuscate his true motivation this time. As Obama said yesterday, it is “simple math.” It’s $1.57 trillion in comprehensive tax hikes + $1.08 trillion in non-existent war spending + $430 billion in phantom savings on interest payments + $320 billion in savings from | Read More »
The Democrats have provided Republicans with a historic opportunity to go on offense against Keynesian stimulus, and apply jujitsu against the Democrat 2012 playbook – Mediscare tactics. They shouldn’t blow it. Last night, Democrats got wiped out in two special elections; losing by 22% in Nevada CD-2 and by 8% in a New York district that hasn’t voted Republican since 1922. These victories were buoyed | Read More »
Let’s forget the fact that Obama’s entire Stimulus 10.0 is a counterintuitive proposal that doubles down on the very failures that precipitated this speech. Let’s also disregard the fact that enshrining unemployment insurance as a permanent handout will perpetuate unemployment. And more union-induced, short-term money drops on infrastructure will do nothing but stimulate traffic jams. Let’s focus purely on the very numbers that the administration | Read More »
Mitt Romney might feel that entitlement reform is an electoral loser, but it is precisely his unprincipled Mittness Protection Program of a political platform that will lose him the nomination. Republicans are looking for a leader – and leaders show courage by articulating bold solutions to our most consequential public policy problems, such as retirement security; not by ducking behind them and palavering liberal demagoguery. | Read More »
Karl Rove is joining the left-wing/Romney camp alliance against Rick Perry’s candid statements about Social Security in his book, Fed Up. Even Baghdad Jim McDermott is praising Karl Rove’s broadside on Perry. Earlier today, on Good Morning America, Rove had this to say about Perry’s condemnation of Social Security as a Ponzi scheme in his book: What they’ve done thus far is, I think, inadequate. | Read More »
After Labor Day, Obama plans to unveil his highly unanticipated jobs plan. Much like his first jobs plan, this one will include massive stimulus handouts to special interests, prodigal infrastructure spending (as much as $556 billion), unprecedented extensions of unemployment benefits, and more welfare transfer payments. Concurrently, he will inveigh against “rich” job creators and offer a healthy dose of vapid rhetoric regarding regulatory reform. | Read More »
Immediately prior to breaking for the August recess, Congress passed a bipartisan agreement to cut spending. Well, sort of. Leaders in both parties got together to do something evil and stupid; they agreed to the largest increase in the debt ceiling, without solving our debt problem. They cut discretionary spending by $6.67 billion for FY 2012, from $1.0497 trillion to $1.043 trillion. That’s a bit | Read More »
As a rule of thumb, any idea coming from a gang is not a good one. This holds true in the real world; it is certainly true in the gangster world of the U.S. Senate. Members of the media are agog with glee over the supposed Gang of Six deal to cut the deficit by $3.7 trillion over 10 years. There is much hype over | Read More »
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