It looks like we’ve discovered the panacea for all of our economic and social ills. We’ve found the solution to the entitlement crisis as well. We’re going to find the poorest countries in the world and import as many of their people as possible within a short period of time. That way we will have millions of people paying into Social Security, purveying the “trust | Read More »
Tucked into the morass of accounting fraud and tax increases that form the bulk of President Obama’s 2014 budget proposal is an endorsement of “chained CPI,” a new way of using the Consumer Price Index to calculate inflation. It’s one of the few truly serious elements of Obama’s otherwise delusional budget and its $744 billion deficit. (But that’s only half the size of the last | Read More »
In his latest attempt to cajole Republicans into raising taxes, Obama has called for a budget plan that makes some cuts to Medicare providers and subjects Social Security payments to the chained CPI. John Boehner was correct to reject this ploy of holding entitlement savings hostage for tax increases. However, he has come close to negotiating such a deal in the past, and there are | Read More »
With sequester coming in less than a week, there’s a certain amount of sudden nervousness about it… among the DC/Beltway demographic (it’s never a real crisis until it affects the Imperial District, you see). So you can expect to see a few rhetorical Hail Mary plays being thrown, in the hope that one of them will resonate with the voting public… but, still. Is this | Read More »
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by David John to discuss how a change to a “Chained-CPI” within Social Security would impact the program and its bottom line, and how needed changes to Social Security would help our critical fiscal problems.
Read More »On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech discuss recent polls showing Americans want entitlement reform, but not entitlement reforms that impact them, and skyrocketing insurance premiums under Obamacare and the implementation of state exchanges.
Read More »The short version: on Friday morning the US Social Security office at Casa Grande, Arizona, was targeted by an IED. Fortunately, nobody was hurt; and equally fortunately, they have already have a suspect in custody. His name is Abdullatif A. Aldosary, and you know where this is going, don’t you? …By the way, if you write the name out as “Abdul Latif Al-Dosari” you get | Read More »
In 2008, President Obama campaigned on hope and change. He made lofty promises from closing Gitmo to changing the sea levels. At a debate in 2008, in between John McCain obsessively saying “my friends”, we heard a different Barack Obama than teh one we hear today. One that believed we must deal with our entitlement crisis and we must deal with it swiftly. He addressed | Read More »
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 »
Well, Obama is approaching another milestone. In addition to breaching the $16 trillion debt mark, Obama will earn another gold medal in the Greek Olympics for fiscal insanity. According to CBO, we will definitely incur another $1 trillion debt this year, ensuring that Obama will become not only the only president to rack up a trillion dollar debt, but the only one to ever do | Read More »
Last year, we were proud to be one of the first websites to publicly promote the Republican Study Committee’s Cut, Cap and Balance (CCB) plan. What started out as an idea hatched by a few principled conservatives grew into a unifying rallying cry for the entire conservative movement. Sadly, GOP leadership jettisoned the universally-heralded CCB plan in favor of the Budget [Out of] Control Act, | Read More »
If you have not read it, this is a fascinating article in the New York Times. The crux of the article is the title — even critics of the safety net increasingly depend on it. The article profiles a number of people who take advantage of the federal social safety net and are increasingly resentful of it. The solutions on fixing it vary. The angry, | Read More »
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 impending elections in Greece, American’s growing dependence on the “safety net,” and why that path is unsustainable. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do | Read More »
“The rosy predictions for revenues and reduced healthcare spending can come to fruition, but not with the current socialist policies as the baseline.” The budget season has officially commenced today with CBO’s release of its annual budget and economic outlook. Here are some of the major takeaways from the report: FY 2012 Budget The topline figure that the media will focus on is the projected | Read More »
Ideas don’t run for president; people do. That’s as true today as it was four years ago. So, it is understandable that much of the press and blog coverage of the 2012 GOP primary race has focused on the personalities, experience and record of the candidates rather than their ideas. In fact, until you know the candidates by their actions, you cannot meaningfully judge what | Read More »
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