After a week to digest the Super Committee Turkey, Congress is back. The Senate will debate the Defense Authorization bill this week and tax issues. The House will consider a bill to stop the National Labor Relations board from rubber stamping a pro-union proposed rule. A Senate committee will have a hearing on a Balanced Budget Amendment to the U.S. Constitution (BBA). The ideas discussed | Read More »
Yesterday, we observed the unique spectacle of a socialist president threatening to veto any bill that reinstates higher levels of spending. Did Obama just experience an epiphany? No. We are merely talking about cuts in defense spending. Those are the good kind of cuts. Throughout the entire supercommittee imbroglio, whenever Democrats or members of the media referred to spending cuts – to the extent that | Read More »
The Super Committee has failed to find a way to trim $1.2 trillion from the deficit. The fact is, though, the Super Committee was a failure from the moment it was conceived. Congress, both Democrats and Republicans, could not control itself. So it punted its failures to a Super Committee and even the threat of massive defense cuts could not prompt Congress to kick its | Read More »
I just recovered from my weekend hangover celebrating our reward for raising the debt ceiling in August. All good things are worth waiting for, and after three and a half months, we got our vote on a balanced budget amendment! And you know what? It was summarily defeated, even before it came to the Senate. Oh, and 25 of the most vulnerable Democrats now have | Read More »
It is one of the quintessential pillars of the Republican Party — no new taxes. George H. W. Bush got thrown out of office for violating that pledge. But Pat Toomey, Senator of Pennsylvania, is proposing new taxes. He’s proposing $300 billion in new taxes, largely through restructuring and simplifying the tax code. But they are new taxes. So we have the GOP willing to | Read More »
While we’ve all been distracted by the Presidential race, there is other news out there that may give you heart burn. Way back when during a forgotten age, conservatives were treated to this: The Hill – 6/24/11 – Speaker John Boehner (R-Ohio) on Friday said President Obama “must lead” if the standoff over the debt limit is going to be resolved but warned that any | Read More »
The Balanced Budget Amendment to the Constitution and a bill to allow Americans to use conceal carry firearms permits over state lines are scheduled for votes in the House this week. The Senate is expected to schedule a vote on the second ”Mini-Bus” appropriations measure this week. The Super Committee gets closer to the date they need to vote on a plan and they may increase taxes. This week shall | Read More »
This will be a slower week than usual in Washington. The Senate is in session while the House of Representatives is out of session this week. Expect the Super Committee to meet and debate tax policy behind closed doors. The Senate will vote on another Trickle-Down Obamanomics plan. Trickle-Down Obamanomics is the practice of creating government programs and increasing government employment with the idea that the massive | Read More »
For years, Democrats (and Republicans) have surreptitiously created dependency by manipulating the tax code. Liberals often refer to handouts as tax cuts, and tax cuts as handouts to the rich. To that end, they have perpetuated a travesty in which millions of people are able to obtain welfare payouts without ever applying for them. Most people don’t even realize that they are receiving handouts because | Read More »
The President will be making a speech today from the Rose Garden (echoes of Carter?) mapping out proposed savings of $3 trillion over the next 10 years. According to the AP, the President’s new plan contains an old idea — massive tax increases: $1.5 trillion in new revenue, which would include about $800 billion realized over 10 years from repealing the Bush-era tax rates for couples | Read More »
Well, the much anticipated picks for the debt deal Super Committee have been announced. There will be much ink spilled over who was chosen and who was rejected. However, the salient point is not the orientation of the committee, but the entire premise behind the committee itself. Many conservatives will laud the choice of Pat Toomey for the committee; others will decry the pick of | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Senator Jim DeMint to discuss the fallout from the debt ceiling debate, the danger of Congress’ new super committee and his new book The Great American Awakening: Two Years that Changed America, Washington, and Me. We’re brought to you as always by BigGovernment | Read More »
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