Tag Archive: Fiscal Cliff

An Unbalanced President

Obama-Smiling

President Obama has probably repeated the phrase “balanced approach” when talking about budget and deficit solutions, over 100 times at this point.  If you just listen to him saying that phrase over and over, you probably think that he is interested in raising some taxes, as well as cutting spending to solve our country’s debt problem. …

Memo to GOP: Make Obama Own the Mess He’s Created

Obama Economy

Anybody who’s thought about it for two seconds knows we don’t have a taxing problem – we have a spending problem. We borrow about 42 cents on every dollar we spend, and under President Obama we have been spending more than $1 trillion dollars a year we don’t have.  That’s where the borrowing comes in….

How Can Obama Respect An Electorate That Would Re-Elect Him?

obama

From time to time, I’ll hear a political commentator (typically a conservative one) suggest that President Obama does not respect the news media. It seems like a pretty odd claim to make. After all, no other president has been protected and promoted by the news media the way Obama has. They’ve largely defended him against…

Social Security and Medicare Are Already Welfare

old-man-batting-with-cane

We have a basic problem in this country that we are not willing to face.  Over time our retirement programs of Social Security and Medicare have changed from insurance type of programs into Welfare programs.  We have overpromised and underfunded retirement benefits that we cannot afford.  Even these current “fiscal cliff” negotiations, which were supposed…

Bush Tax Cut Calisthenics

gymast-twisting

Has there even been a policy initiative that has received as much attention as the Bush tax cuts?  The fascinating thing is that the conventional wisdom on these cuts is constantly changing.  They are not all that complicated.  In 2001 and 2003 everyone who paid income taxes received a reduction in their tax bill through…

Ode To the Informed Public: The ‘Fiscal Cliff’ Negotiations As a House Fire…

house-fire

Imagine that you’re standing outside on the street, in the bitter cold of the night, dressed in your pajamas. In horror, you’re watching your home engulfed in flames. Imagine that the fire fighters have arrived, and with them are all the trucks, hoses, and other equipment required to start attacking the fire. You know a…

What Rhymes with Mandate? Shmandate!

Obama-tax

What’s this hooey about Barack Obama winning a mandate to impose his economically destructive agenda on the American people? It’s understandable that the Democrats and their media lap dogs would try to propagate such hogwash, especially at a time when we are careening toward the so-called fiscal cliff — but must the more timid Republicans…

Capitol Losses

Dem donkey

There are discussions underway in Washington D.C. between Democrats and Republicans to come to a compromise in order to avoid the country going over the so called “fiscal cliff”.  This is the year end arrival of tax increases and spending cuts that many economists think will send the country into recession if it is allowed…