Argentina – The Deadbeat Wears Prada
It kind of makes me sick when the deadbeat wears Prada. Such is the case with Argentinean President Cristina Fernandez. Argentina overwhelmingly voted her in as President and she immediately borrowed vast sums of money. This influx of cash jet-fueled an economic bubble which predictably popped. Then the bills came due for all the money she had borrowed during Argentina’s economic boom.
Rather than paying the piper and facing the obdurate, double-plus unfunny task of cleaning up after her socialism party, Fernandez made like a good Marxist and socialized some of the losses from her own economic mismanagement. Anyone dumb enough to buy Argentinean bonds got stiffed like a co-star in an old Harry Reams film. Argentina defaulted on its debt payments and referred to some of the hedge funds which hold the now worthless Argentinean paper as “vulture funds” because they refused to take a haircut and attempted to make Argentina’s government answer for their behavior in court.
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Sandy Pork And The Lesson Of Katrina
Although Hurricane Sandy ravaged the Atlantic Coast more than 2 months ago, the debate over disaster relief is still raging. While more than $2 billion in aid has been spent by FEMA on the recovery from Sandy, the controversy began after the House failed to vote on a $60 billion Sandy aid bill in the last session of Congress. The bill was denied passage | Read More »
Maybe Idaho Congressman Mike Simpson Would Like to Retire
Idaho Congressman Mike Simpson embodies the ineffectiveness of the Republicans Party in promoting limited government. He represents one of the most conservative states, yet he uses his position as one of the 12 appropriations “Cardinals” to block any effort to cut spending. Simpson is an ardent supporter of earmarks. He is also a big supporter of government-run healthcare, and refuses to cut even small programs | Read More »
Once Again, “We’ll Fight Next Time”
During the fight over the FY 2011 budget in 2011, conservatives were told to stand down and wait for the debt ceiling. At that point, “we would begin to cut trillions,” promised GOP leaders. They wound up caving on the debt ceiling in return for nothing. Then they said we would fight for the FY 2012 budget. Well, once we agreed to lock in the | Read More »
TN-4: Scott DesJarlais Must Go
It’s not enough to vote conservative. We need members of Congress to live the lives of conservatives. At a time when every aspect of our traditional American value system is under assault, we need strong leaders who can defend those values through word and deed. What has long distinguished our party from the Democrats is that we don’t tolerate immorality among our ranks. Adultery should | Read More »
Staring Down the Schoolyard Bully
What a difference a year makes when it comes to the attitude of Republicans regarding the debt ceiling. In 2011, Republican leaders spent the incipient months of the debt ceiling fight publicly stating that they would ultimately raise the debt ceiling. They cloddishly communicated to the Democrats the reality that they would never engage in brinkmanship by declining to raise the debt ceiling after Tim | Read More »
We Need an Activist House GOP
In the field of politics, you either drive the narrative or become a victim of the narrative. Unfortunately, for most of the 112th Congress, the GOP-controlled House abdicated their power and became a victim of the political narrative driven by Obama and the Democrat Senate. Over the past two years, the House has been in recess almost every other week. Additionally, a large chunk of | Read More »
Good Job by Freshmen on Flood Insurance Bill
In one of the last votes of 2012, the Senate passed Obama’s bloated Sandy “relief” bill (H.R. 1) 62-32. The $60.4 billion price tag makes this the most expensive disaster aid bill on record. It’s full of special interest projects that have nothing to do with the emergency, as witnessed by the fact that 64% of the funds will not be spent until FY 2015. | Read More »
Our Task Going Forward
With much drama and suspense, John Boehner was reelected as Speaker of the House today by the slimmest of margins. The entire focus of the vote was centered on the brewing conservative rebellion. Ultimately, only 12 Republicans either declined to vote or voted for someone other than Boehner (Garrett, Bachmann, and Blackburn initially declined to vote, but voted for Boehner upon the second call), just | Read More »
Silver Linings in the Fiscal Cliff Deal
I will not try to convince any conservative that the final fiscal cliff deal that passed the Senate with only a few dissenting votes and needed Democratic votes to pass the House with a divided GOP caucus is a good deal, nor that it is the best deal available under the circumstances. It is, however, important to remember that this was a deal negotiated under | Read More »
The House Must Act Now
Well, we really stuck it to the rich at 1:39 in the morning. Whew, now we can breathe a sigh of relief. The 40 Republicans who voted for Obama’s stimulus bill had to swallow hard voting for over $100 billion in new spending just in 2013, but at least those of us who are not super rich won’t see our taxes increase this year. Oh | Read More »
Obama Has His Revenue. Time for Republicans to Step Up or Get Out.
Most of my morning has been spent listening to the two camps on twitter and in the news. Half say we got a bad deal in the Fiscal Cliff debate. The other half say we got the best we could and should be happy with the concessions we extracted from the Democrats. From the beginning, this negotiation has been a mess. Every day we were | 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 »
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 »
Republicans: Don’t Get Outbid On Taxes
Unlike some of my RedState colleagues, for reasons I explained on Tuesday, I agree with the basic theory behind John Boehner’s Plan B solution to the tax side of the fiscal cliff standoff: rather than trading Republican blessings on tax hikes for illusory “spending cuts,” let Democrats get the tax hikes they want with no pretense that Republicans support them, pass a bill making permanent | Read More »