Senate passes Obama’s fiscal cliff tax increases in dead of night
In a move all too reminiscent of the passage of the ever unpopular ObamaCare, last night the Senate voted 89 to 8 to approve the so-called “American Taxpayer Relief Act” (H.R. 8, as amended). The deal was negotiated by Vice President Joseph Biden and Senate Republican Leader Mitch McConnell. You can read the 157 page bill here. It is very unlikely that any Senator actually | Read More »
Fiscal Deal: Tax Hikes, Green Pork, Stimulus, Oh My
Surprise surprise, they have a deal to avoid the politicians’ cliff. Who didn’t see that coming? Here’s an enigmatic riddle for you: what happens when Republicans publicly obsess about the degree of tax increases they are willing to accept without a commensurate demand for spending cuts? You get tax hikes and no spending cuts! In fact, we will spend even more as a result of | Read More »
(Alleged) Occupy Wall Street activist arrested in ANOTHER (alleged) bomb plot.
To the best of my knowledge, accused bombmaker Aaron Greene is not linked in any formal way to last year’s plot by Occupy Wall Street activists to bomb a Columbus, Ohio bridge. Then again, it’s not entirely clear what Greene was (allegedly) planning to bomb: when the cops arrested him and his bourgeois moll Morgan Gliedman they had just gotten to the stage of putting | Read More »
Happy Debt Ceiling Day
It feels like yesterday when John Boehner was bragging how he got 98% of what he desired from the deal negotiated to raise the debt ceiling in August 2011. Yet just 17 months after Obama was granted a $2.1 trillion debt limit increase to preserve his reelection, we have breached the new ceiling. In just 519 days, we’ve burned through $2.1 trillion in debt, for | Read More »
Conservatives Should Kill This Deal
Conservatives within the Republican Conference should kill the compromise plan for the fiscal cliff. For years, squishy folks on both sides and lots of think tankers have told us that we needed a “balanced” approach to solve our debt and deficit problems. A “balanced” approached included both tax increases and spending cuts. In other words, a “balanced” approach looked a lot like the so called | Read More »
The Fork In The Road Which Lead Us To The Fiscal Cliff
The Fiscal Cliff is a problem. We typically blame people not named us when problems occur. It’s easier and less painful than solving the problem. Here the problem is that the current US President and Congress (The US Senate in particular)* have both spectacularly failed in their management of the national fisc.
If we decided to solve America’s fiscal issues, it wouldn’t hurt to mine some historical data. Since 1950, the United States Government has averaged expenditures proportional to 19.61% of the same year GDP with a standard deviation of 2.25%. Our government has booked revenues equivalent to 17.65% of same year GDP with a standard deviation of 1.26%. If both events occurred at random, we’d have a 6.07% chance of a Federal Budget actually balancing if the spending and the revenues were determined at random.** This would suggest that we’ve set up a systemic and nasty spending problem despite pious insistence otherwise.
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Hollywood Hypocrisy on Guns
If you didn’t know, Hollywood has yet again sprung into action producing an “all hip celebrities on deck” ad demanding gun control. I’m sure Washington will take it as seriously as the last one. In any event, via Brad Thor’s twitter feed, I see that someone has put together a genius though not safe for work, video that puts all these do gooder celebrities calling | Read More »
Compromise reached on… farm bill.
If you were asking yourself Just how much of a kabuki theater is what’s going on in Congress right now? – well, wonder no more. From USA Today: Top leaders on both the Senate and House Agriculture committees announced a deal on Sunday to extend the 2008 farm bill by a year, a deal that could avoid a surge in market prices for milk and | Read More »
Muslim Brotherhood reaches out to Hezbollah.
Tell me again how marvelous it is that we encouraged the Muslim Brotherhood to take over in Egypt: “In a dramatic policy shift, Egypt will seek to forge “tight” relations with Hezbollah, Egyptian Ambassador to Lebanon Ashraf Hamdy revealed in a candid interview published Saturday in Lebanon’s Daily Star.” Such ‘tight’ relations will presumably include Hezbollah’s right to keep getting ready for that armed conflict | Read More »
Just Do It
One of the biggest problems on Capitol Hill these days is that the leaders of both parties are calling all the shots without input from the rest of Congress until the end. Certainly there comes a point when there are too many cooks in the kitchen, but the purpose of the legislature is to legislate and the legislators cannot do their job because of their | Read More »
Lisa Jackson forced out of EPA.
Ostensible reason: [Lisa] Jackson, 50, a chemical engineer by training and a mom of two teenagers, offered no reason for her resignation other than saying she’s ready for “new challenges, time with my family and new opportunities to make a difference.” She said she was leaving the EPA “confident the ship is sailing in the right direction.” Actual reason: This month, at the prodding of congressional | Read More »
Setting the Record Straight: Adam Lanza Did use the Bushmaster AR-15
The media did a horrible job getting its facts and figures straight during and after the tragedy in Connecticut. Gun control advocates have seized on a lot of information and ignored a lot of information in an effort to push their agenda. But I’m seeing gun rights supporters do the same. Most troubling, over the past week on radio filling in for Neal Boortz I’ve | Read More »
Desperate Screams of the Press Clowns
If you ever needed a reminder of how pathetic the cast of clowns who make up the reporters and journalists in the media is, look no further than the David Gregory story and the reaction to it from the press corps. It is a non-story to them. Glenn Thrush, debating this with me on twitter notes, “The more [you] talk about the fake Gregory story | Read More »
Neil Abercrombie ignores Daniel Inouye’s dying wish, picks Brian Schatz for Hawaii Senate.
Just as a thought experiment imagine what would happen if the following scenario played out… A minority Republican Senator passes away. Choosing a successor is the responsibility of his state’s (white) (Republican) governor. The late Senator in question had formally made a request to the governor that a particular qualified individual (who also happens to be a minority) succeed him. The governor then proceeds to | Read More »
Gun Control, Gun Rights, Gun Politics and Newtown: Part I of II
The school shooting atrocity in Newtown, Connecticut has, predictably, touched off another round of the perennial gun-control debate. Especially for parents of young children (my youngest is the same age as most of the victims), the horror of the shootings is almost beyond description, and tends to make rational discussion impossible. And also unseemly, as Jonah Goldberg has explained. More to the point, this is | Read More »