Stop Falling on the Tax Cut Sword
To mix metaphors, Republicans are going to have to fall on some sword with this whole fiscal cliff jazz. All of us Conservatives would like to hold firm to not raising taxes. Reality it is, it ain’t gonna happen. Deal with it. Give the President what he wants on a tax hike. Just give it too him. Be done with it. Lest you think I am | Read More »
, fiscal cliff
, Government Spending
Stop Negotiating and Pass a Bill
The fundamental error in the drama unfolding before us about the fiscal cliff is that there is a mismatch in negotiations: The House Republicans are negotiating to bring about an end to the fiscal crisis, while the Democrats in the Senate and the White House are negotiating the terms of the surrender of capitalism and the full bore onset of redistributive socialism. In essence, there | Read More »
Bob Shrum ignorantly and incorrectly lectures Senator Ron Johnson.
Here’s a pro-tip* for Bob Shrum: if you’re going to try to marginalize and mock a US Senator (to the point of calling him “buddy”), make sure that you have the right info first.
The Boehner Fiscal Offer
Here are two things to keep in mind with regards to Boehner’s budget offer. First, when you begin negotiations agreeing to 60% of the demands of the other side and fail to offer a bold contrast on the other 40%, you are headed for an outcome that is 80-90% favorable to your opponent. Second, when you need to outsource your budget plan and entire view | Read More »
Only in Washington
For those of us who are not schooled in the ways of Washington, here is a glimpse into the duplicity of the “budget savings” as part of the fiscal cliff negotiations. House Agriculture Chairman Frank D. Lucas has raised hopes that Congress might still be able to produce a multi-year farm bill soon, possibly as part of a package to block impending tax increases and | Read More »
Saxby Chambliss’s Fuzzy Math
Last Wednesday, speaking in reference to Grover Norquist’s tax pledge, Senator Saxby Chambliss revealed himself to be a big government statist. Then again, we always knew that. He told a local TV station that if we hold the line on the anti-tax pledge, “then we’ll continue in debt, and I just have a disagreement with him about that.” This line of thought is emblematic of | Read More »
Between a rock and a hard place
So it begins. As we discuss our menu of options in dealing with our ever-expanding budget deficit and public debt, we really have no good options. Boehner and McConnell seem ready to cave to the Dems, as usual. That will mean increased taxes without the necessary spending cuts. The result will be continued economic decline (possibly collapse) while the debt continues to grow out of control. | Read More »
Republicans Beclown Themselves With Sequester
Last week, I was watching the House debate over the sequester replacement bill, and was struck by the effectiveness of Chris Van Hollen’s attacks against the Republicans. Their absurd gyrations of ideological inconsistency have exposed them to pungent attacks from Democrats. Honestly it’s hard to defend them against those attacks. Pursuant to the Budget Control Act – the absurd debt ceiling agreement from last year | Read More »
Only 70 Republicans Vote Against Disastrous CR
As we noted earlier this week, the Continuing Resolution voted on in the House will increase spending, fund Obamacare, and extend the main welfare program without forcing Obama to reinstate work requirements. This bill is really an embarrassment to everything House Republicans professed to stand for. It will delay the major battles until March 27, 2013. And let me tell you, they will really really | Read More »
The Definition of Stupid: Another Legislative Surrender
Get ready for another weak ground out into a double play in the upcoming budget battle. Shortly before the August recess, we reported that Republicans planned to pass a clean 6-month CR which funds Obamacare and appropriates $1.047 trillion in spending – commensurate with Obama’s request instead of the House budget. The idea behind the “deferment” strategy was twofold; to delay the major battles to | Read More »
Now is the Time to Fight the Welfare President
They’re back! Congress is back in session after the August recess, but they will only be in town for a few weeks. While conservatives are usually happy with the idea of Congress staying out of session, there is much on the agenda we must pursue in order to undo Obama’s destructive policies. We must not squander our time on suspension bills banning the sale of | Read More »
Obama’s Public Debt
Now that the gross federal debt has smashed the $16 trillion milestone, more people are focusing on the gravity of the debt crisis. However, too many people are being exposed to the spurious idea that it’s only the public share of the debt that counts. Many liberal economists are saying that the non-public share of the debt is “money we owe ourselves,” and is inconsequential | Read More »
Can the U.S. avoid bankruptcy?
The Congress doesn’t cut spending and balance the budget because they can’t. Not even if they remove every department and employee including the military.
So says Hal Mason in the shocking accompanying video titled, “United States Budget Dilemma.”
President Obama, in his proposed Fiscal Year 2013 budget, would spend $3.8 trillion. But the federal government will only collect $2.5 trillion in taxes, resulting in a deficit of $1.3 trillion. That $1.3 trillion is an amount larger than Congress appropriates to operate the federal budget.
The problem is easily stated; spending on mandatory programs and interest is greater than taxes collected. According to Mason, in order to balance the budget, Congress would have to raise taxes 50 percent or eliminate the federal government.
Read More »
Obama’s Budget vs Ryan’s Budget: An Interactive Graph
(And by “Obama’s budget”, I mean the one unanimously rejected even by his own party.) What are those “draconian cuts” that Paul Ryan has proposed in his budget? Is he really going to throw Granny off the cliff with his changes to Medicare? The Independent Voter Network has an interactive graph where you can see the spending over the next 9 years with the two | Read More »
Can Boehner Find $8 Billion to Cut?
Several days before the August congressional recess, we noted that some conservatives were considering abjuring the House budget in favor of a 6-month CR to fund the beginning of FY 2013 in October. Their rationale was to defer the major spending fights until 2013, when presumably, we would have more control over the final outcome. Additionally, the original intent of this plan was to deny | Read More »