BRAC the Budget
I am in favor of not raising the debt ceiling unless the President and Democrats come up with meaningful spending cuts and reforms. Contrary to a lot of the Democrats’ spin, the federal government will not default if the debt ceiling is not raised. Only if Little Timmy Geithner decides to not pay certain debts will the government default. It is his choice. But I | Read More »
Obama’s budget proposal will be late. Again.
Because apparently math is hard. The White House has informed House Budget Committee Chairman Paul Ryan (R-Wis.) that it will miss the legal deadline for sending a budget to Congress. Acting Budget Director Jeff Zients told Ryan (R-Wis.) late Friday that the budget will not be delivered by Feb. 4, as required by law, a House aide said.
Obama: It’s Okay to Break the Law When It Comes to Submitting a Budget
Under law, the White House must submit a budget this year by February 4. According to the Hill, Late Friday evening, Deputy Director Zients confirmed that for the fourth time in five years, the president’s budget will not be submitted in compliance with the law,” Only 1 budget out of 4 have been submitted on time — the budget in 2010. The rest of the | 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 »
Sandy, Omnibus and Our Idiotic Congress
We heard Chris Christie bellow about the delay in Hurricane Sandy relief, ”It’s why the American people hate Congress. Unlike the people in Congress, we have actual responsibilities.” While the Governor was right, I think the moment Christie blamed the GOP House he completely missed the reason why people hate Congress: It’s not when our Congress stops for a responsibility check that’s the problem, it’s that it had | Read More »
Can Conservatives win the coming debt limit and sequester fight?
I ask this in all seriousness. I know that if we had a “leadership” that was more concerned with reigning in spending and reducing the debt we could win. The problem is we don’t have that kind of leadership. True, we do have some in Congress that feel this way and have the spine to make it work, but those unfortunately do not amount to | 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 »
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 »
Will Iowa Senator Tom Harkin Push Family Farmers Over the ‘Fiscal Cliff’?
The Washington Post reported this morning that Iowa Senator Tom Harkin is prepared to vote against any ‘fiscal cliff’ deal that would extend the current exemption level on the Federal estate tax. If a deal is not reached by midnight tonight, the current $5 million exmption will fall to 1$ million, with devastating consequences for many struggling family farmers. “If we’re going to have some kind of a | Read More »
“Eat the Rich?” But Save the Family Farm First
“Burn down your cities and leave our farms, and your cities will spring up again as if by magic; but destroy our farms and the grass will grow inthe streets of every city in the country.” – William Jennings Bryan Congressional Democrats have framed the battle over tax policy as a fight on behalf of the poor and the middle class against “the rich.” Lost amid the protesters’ claxon cry | Read More »
Great News: 16.4 Trillion debt ceiling to be hit Dec 31
According to the math whiz that runs the Treasury Department, we will hit the debt ceiling sooner than we expected. Don’t worry though through some accounting gimmicks he can make us reach Feb. Maybe. Some how the guy who couldn’t figure out turbo tax can figure out to the day we will run out of money. Something smells fishy here. So at the same time | Read More »
From the posts here at Red State, it is obvious that many people are angry with Speaker Boehner as he attempts to avert the combined effects of the expiration of the Bush era tax rates and the failure of previous negotiations which resulted in the creation of the sequestration of funds. Clearly he does bear responsibility for much of the road that got us to | Read More »
Forget 12/21: Today We are 1331 Days Without A Budget
In order to understand the magnitude of government spending, debt and fiscal cliff “solutions”, it is helpful to scale down the numbers to more manageable ones that we are more accustomed to. Most citizens cannot properly comprehend the magnitude of the government finances because the amounts with which we are dealing were — at one time — unimaginable. First, some basic facts: 1. Government annual | Read More »
Are We Living in the Twilight Zone?
At least Esau got a bowl of lentil soup for selling out his birthright. What will Republicans get? It’s amazing how events in politics seem to repeat themselves more often than Charlie Brown and the football. It seems like it was yesterday that we were advocating against Boehner’s trial balloon vote to raise the debt ceiling at the end of July. Back in 2011, it | Read More »
Boehner’s Tax Increase to Nowhere
So Boehner plans to introduce a bill on the House floor that increases the top marginal tax rate on those earning more than $1 million per year. Most likely, Boehner and Obama will ultimately agree on a deal that splits the difference between $400,000 and $500,000. Many Republicans will shrug their shoulders: “Who cares about a few rich liberals?” However, this rationale represents a shortsighted | Read More »