Don’t Hate Mitt Romney’s Success
Mitt Romney offered a partial snapshot of his vast personal fortune late Monday, disclosing income of $21.7 million in 2010 and $20.9 million last year — virtually all of it profits, dividends or interest from investments. (HT: Washington Post) It’s not just official – it’s officially official. Mitt Romney isn’t just bad. Mitt Romney is E-VIL! You see, according to Pravda on The Potomac, Mitt | Read More »
Why We Have The Entitlement Programs We Have
“There are solvency problems with both programs (Medicare and Social Security),” Sen. Olympia Snowe said in an interview on Friday, “They have to be addressed but not as part of the debt reduction talks.” (Bangor Daily News) This cowardice displayed by Senator Snowe in the face of reality, is the key assumption in the Democratic Party’s strategy to win the debt ceiling showdown and make | Read More »
The Taxman Cometh, as Another Obama Promise Passes its Expiration Date.
So Barack Obama promises the Moon. He also tells us we don’t even need to pay for the rocket. His budget goes far beyond even the most positive year of tax revenues in recent history. He can’t even execute said budget without a 17% cost overrun.
This leaves him short a projected $1.2Tr. in Federal Revenues next year if the stupidity continues. The stupidity will continue until moral improves. The Taxman cometh. If you feel a couple of pounds lighter next year, that’s your wallet, not a successful combination of exercise and diet.
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Senator Obama’s Calculus of Fiscal Deception
Barack Obama has sworn up and down that he can pay for every dime of his new proposed Federal spending. Alan Reynolds, of The Wall Street Journal must be a closet racist. He asks the rather mean-spirited question How’s Obama Going to Raise $4.3 Trillion? On one side of the balance sheet, Reynolds lists the potential credits against which the US Treasury will have to | Read More »
Huey “The Kingfish” Biden
It seems that Senator Joe Biden wants to question other people’s patriotism. In order to manage this remarkable volte-face, The Good Senator has redefined the term in an interesting fashion. It seems paying income taxes is the highest form of patriotism. I always have abided by the law. Doing so is good citizenship and smart self-preservation. But is it patriotism? Not so much.