Obama’s Sinking Economic Ship
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the Congressional Budget Office’s scathing report on the debt, Ben Bernanke and Timothy Geithner’s call for higher business taxes. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you | Read More »
Time to Opt Out of the Social Security Ponzi Scheme
The Social Security Ponzi scheme is perhaps the most consequential government infringement upon our lives. Conservatives are justifiably outraged that Obama egregiously mandated that we purchase health insurance. However, the individual mandate is not nearly as meddlesome and tyrannical as the government’s complete control over our retirement security. The only reason why these two programs are regarded differently by the public, is because Social Security | Read More »
The Infamous, Updated, Romer-Bernstein Chart.
Via James Pethokoukis comes an updated version of the graph (originally created by Obama’s economic advisers Christina Romer and Jared Bernstein) that has been succinctly countering (for years) any and all attempts to argue that the misnamed ‘stimulus’ worked: For those without access to the picture: it’s a modified version of this graph, which was used to sell the idea that with a stimulus, unemployment | Read More »
The #1 Threat to Our National Security is Not What You Think
Promoted from the diaries. – ed. Our crushing $14 trillion national debt is as much a national security threat as it is an economic disaster. According to Joint Chiefs of Staff Chairman Mike Mullen, “The most significant threat to our national security is our debt.” Secretary of Defense Robert Gates has said, “We can’t have a strong military if we have a weak economy.” Even | Read More »
, citizens united
, david bossie
, Mike Mullen
, National Debt
, national security
, Robert Gates
The Gang of Six Becomes Five. Coburn Bolts. Chambliss Stays.
The “Gang of Six”, which is the group in the Senate trying to come up with bipartisan tax increases and tax restructuring to implement the Deficit Commission’s plans, is collapsing. Late yesterday, Oklahoma Republican Tom Coburn bolted from the group because the Democrats are unwilling to deal with restructuring entitlements in their quest to raise taxes. Two Republicans remain, Mike Crapo of Idaho and Saxby | Read More »
President Obama’s Debt Failsafe Trigger Explained
What is President Barack Obama’s “debt failsafe” trigger? It is a means for liberals in Washington to increase taxes on you in the name of deficit reduction and avoids specific consent of the governed for these tax increases. If a mechanism to automatically increase taxes is raised by the “Gang of Six,” a bipartisan group working to reduce the deficit, or the President’s bipartisan bicameral negotiating team on reducing | Read More »
It’s Obamacare, Stupid
Many establishment conservatives are agog with joy over the grand sellout of a budget deal. They feel that John Boehner was the real winner in the debate. The problem is that they are all focusing on the dollar amount of the discretionary spending cuts. They are forgetting the 800-pound gorilla in the room; Obamacare. The cost of O-care to our economy, liberty, consumer choice, and | Read More »
When Will the Real Fight Finally Commence?
Over the weekend, Speaker John Boehner showed that he is even more conservative than the Tea Party. While the petulant rubes in the Tea Party were credulously focusing on the ‘small potatoes’ of the 2011 budget, Boehner wisely decided to proceed to the real fight; the debt ceiling and the FY 2012 budget. In the process, he even secured $38 billion, or 1%, in cuts | Read More »
Exclusive Report: RSC Budget, Honest Solutions, Builds Upon Ryan’s Blueprint
While Obama was rubbing shoulders with noted bigot Al Sharpton, House conservatives have been working arduously to formulate a coherent budget and stave off the impending debt crisis. Earlier this week, Paul Ryan bravely offered the first steps toward achieving fiscal solvency and vitiating dependency on government. Ryan’s diligence has provided the groundwork for a debate among conservatives as to how best reinstate the ideals | Read More »
Ryan’s Budget: A Conservative View- The Excellent, the Good, and the Need for Improvement
The moment we have been anticipating has finally arrived. House Budget Committee Chairman has released his budget for FY 2012, along with his blueprint for tax and entitlement reform over the next decade. This budget proposal, which would cut $5.8 trillion from the CBO baseline over the next decade, is a mature and well balanced plan emanating from a city full of fatuous demagoguery. It is important to note | Read More »
It Works Every Time
Monday Morning open thread.
Hey Senator Schumer, Who are the Real Extremists?
As the Democrats continue to bankrupt the nation with crushing debt, and stymie Republican attempts to balance the budget, we were beginning to wonder if they had their own plan to achieve budget solvency. The New York Times just revealed their monumental plan for the future of our fiscal stability. Drum roll……Labeling Republicans and tea partiers as extremists! “Moments before a conference call with reporters | Read More »
The Left Riots Because It Works Like Perdition
For some on the left, too much is never enough — because, by definition, it can’t be. They operate on a modified version of the old Brezhnev Doctrine, which stated that once a country went communist, it could never go back: Once a government program is in place, it can never be cut or rescinded, only fattened. – Michael Walsh (HT: New York Post) I | Read More »
No More Extensions of Unemployment Benefits
Amidst record long-term unemployment, Democrats are trying to extend unemployment welfare yet again. Will Republicans continue to obediently follow them in accelerating more creeping socialism? Or will last December serve as the Republicans’ final act to perpetuate unemployment welfare? Beware the doomsday TARP coalition of Republicans. Conservatives must be ever vigilant of those Republicans who are willing to vote for an entitlement program one last | Read More »
Obama’s OMB Nominee Tells the Uncomfortable Truth
Heather Higginbottom, President Obama’s nominee for deputy director of the Office of Management and Budget (OMB), is a smart and honest person — which is probably why she found it so difficult, under questioning from Sen. Jeff Sessions today, to run interference for Obama’s pathetic solution to our deficit problems. Watch the whole thing, but particularly note the end, where Sessions points out that the | Read More »