Want To Cut More From The Budget? Start By Eliminating Subsidies to Compete With Existing Businesses During the heated budget debate, Members of Congress decried the lack of “quick fix” budget cuts that would reduce spending in the immediate term. Yet many programs exist in government that would provide immediate return to the taxpayers without any harm. As an example, the broadband loan subsidy program | Read More »
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 »
**Update: The RSC budget garnered 119 Republican votes, roughly half of the conference. Keep in mind that there are 176 members of the Republican Study Committee. Republican leadership members Cathy McMorris Rodgers and David Dreier switched their votes from yes to no in the last minute in order to thwart a Democrat plan to let the amendment pass by voting present. Yesterday, Congress voted for | Read More »
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 »
Texas enjoys a super-majority Republican status. As a friend pointed out to me, if Texas Republicans wanted to wholesale rewrite the Texas constitution with nary a Democrat involved, they could do it. And yet, Texas Republicans facing a budget shortfall are turning into collective addled mush. Tough decisions need to be made to balance the budget. The Republicans don’t want to make them, which leads | Read More »
Greg Sargent, the Washington Post’s in-house left-wing activist, has a hilarious post up analyzing the latest WaPo poll. (The post was originally entitled, “The pubic agrees with Dems, but they don’t know it,” although eventually someone caught on and fixed the typo.) Everybody has typos; what’s more enduringly amusing is Sargent’s effort at spin:
President Obama suddenly is a friend to business, so says he. No one buys it, including Senator Ron Johnson, the new Republican Senator from Wisconsin. Senator Johnson came from the business world. He is clearly appalled at the deficits and debt hobbling the American economy. He was also dismayed by the President’s lack of leadership. This interview seems especially prescient considering the massive budget the | Read More »
President Obama offers deficit reductions of a woefully inadequate $400 billion over ten years as he continues his ”trillion-dollar deficits for years to come.” In this week’s edition of his, or rather “Your Weekly Address,” President Obama claims he is ”proposing a new budget that will help us live within our means”: My budget freezes annual domestic spending for the next five years – even on programs I | Read More »
“I am sorry that I’m the guy that has to be here at the time when the party’s over.” That’s a quote from Governor Chris Christie in response to a state employed police officer who was angry at potentially losing future raises as well as being asked to contribute more to his health benefits in order to close huge budget deficits in New Jersey. The | Read More »
Yesterday’s swearing in of the new House and Senate, including the transition of power to Speaker Boehner and the new Republican majority in the House, inaugurates a new political season, in which “the deficit” promises to be front and center. President Obama is already sending up trial balloons about various proposals made by the Bowles-Simpson deficit commission. But Republicans should resist efforts to frame the | Read More »
From the diaries by Erick Investing in math and science is the way to solve the economy. A great idea. And somehow liberals have co-opted it to make it sound like their own. Today’s Los Angeles Times for instance contains an article entitled, “Fixing the Economy the Scientific Way,” arguing that the federal government must spend more money on math and science education. They point | Read More »
It’s official: Obama’s debt reduction commission has failed. Not surprisingly, former SEIU boss Andy Stern was among those who voted against the plan. The closely-followed US debt commission failed to pass its deficit reduction plan Friday, once more pushing back hard choices about America’s ballooning national debt. Only 11 of the group’s 18 members backed the plan, three short of the 14 required to send | Read More »
With today’s news it’s even clearer: the Obama-Pelosi-Ellsworth economic experiment has failed. Our economy has shed another 95,000 jobs keeping the unemployment rate at 9.6 percent and sending the broader underemployment rate – including those with part-time jobs seeking full-time employment and others who have given up altogether – up to 17.1 percent. What’s even more troubling is our nation’s “jobless rate has now topped | Read More »
There was a USA Today story the other day that taxes in the United States are ridiculously low now. The basic gist of the story, pushed by leftwing groups who want everyone to bow down and face Washington for its “gifts” — never mind that it is your money to begin with — is that there is no conceivable way anybody in their right mind | Read More »
Following now-Senator Scott Brown’s supermajority-busting win of TedKennedy’sSeat™ in Massachusetts, the Democrat rats are quickly leaping from the Obama sinking ship. The latest “run away” moment comes on the heels of the Obama FY2011 budget proposal. Unsurprisingly, the POTUS continues his trillion dollar deficit extravaganza, even after his laughable attempt to feign fiscal responsibility by recommending a so-called “spending freeze.” as part of his proposal. This | Read More »
![[RS]](/t/img/logo-footer.jpg){kind=logo}