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Democrats Introduce First Formal Budget Proposal in Four Years
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Democrats Introduce First Formal Budget Proposal in Four Years

Congressional Democrats have finally gotten around to proposing a federal budget - the first one in four years - and you can probably imagine what it includes. According to The Hill,The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget.

03/13/2013
How Many Demons Can Dance On the Head of a Sequester?
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How Many Demons Can Dance On the Head of a Sequester?

Our government is too big. The crisis of the moment, the so-called sequester, won't do anything to change that. Our nation needs a plan to reduce government spending dramatically, rapidly, and in accordance with our needs. Until then, however, the sequester is better than nothing, and far better than any proposal to change it.In addition, the sequester is the law of the land. That means something, we were told. At any rate, failing to implement the sequester or equivalent cuts is now a spending increase. Those demonizing the sequester with scare tactics will attempt to blame it and fiscal conservatives for any negative economic news in the future. But they always do that. When you will be blamed either way, the right thing to do is to do the right thing.

02/26/2013
Cut Government Spending – No Tax Increases
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Cut Government Spending – No Tax Increases

Democracy and Power 104: Future Debt BurdenA government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz

02/04/2013
Opposition Grows As Jack Lew Proves He Doesn't Understand Budgets
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Opposition Grows As Jack Lew Proves He Doesn't Understand Budgets

Jack Lew, President Obama's choice to replace Timothy Geithner as Treasury Secretary, has been in Washington DC a long time. Anyone in public service that long will have quite a record of public statements that will paint an accurate picture for Senators who are considering his nomination.

01/14/2013
Jack Lew, Architect Of Budgets Receiving Zero Votes, To Replace Geithner As Secretary Of Treasury
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Jack Lew, Architect Of Budgets Receiving Zero Votes, To Replace Geithner As Secretary Of Treasury

It has been widely reported this week that President Obama will nominate Jack Lew today for Secretary of the Treasury, replacing Timothy Geithner, expected to step down next month. It takes a special kind of crazy only found in Washington DC for someone who has failed so spectacularly to be nominated to head up our nation's treasury (see also: Geithner, Timothy).

01/10/2013
Fiscal Cliff: Two Cheers for Boehner's Plan B (But Oppose It Anyway)
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Fiscal Cliff: Two Cheers for Boehner's Plan B (But Oppose It Anyway)

Update December 20th, 11:30 p.m. ET: Speaker Boehner's "Plan B" tax bill died today, just hours after FreedomWorks sent Congress a letter and launched a national call to action opposing the bill.

12/19/2012
A Simple Plan to Avert the Fiscal Cliff
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A Simple Plan to Avert the Fiscal Cliff

What should Congress do on the Fiscal Cliff? 1) Lock in $1.2 trillion in ten-year sequester savings. 2) Extend ALL current tax rates for one year. 3) Reform taxes and entitlements to avert another debt downgrade. Questions? P.S. From now on, every debt ceiling increase should be offset by an equivalent amount of spending reductions, in the same bill. No more kicking the can down the road! That is all.

12/10/2012
The Prodigal Uncle
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The Prodigal Uncle

I’m trying to help a relative get out of a bad fix.He makes $50,000 a year, but Sam has $54,000 (!) of debt on his credit cards. Worse still, he just showed us plans for a $7,500 cruise next year. “Don’t sweat it,” he said, “I still have room on my Visa!” Crazy, right?

12/04/2012
The Conniving Five – Obama, Pelosi, Reid, Boehner and McConnell
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The Conniving Five – Obama, Pelosi, Reid, Boehner and McConnell

Democracy and Power 108: ObfuscationWherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is demonstrably true. Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity. – Hans F. SennholzThe Conniving Five – Obama, Pelosi, Reid, Boehner and McConnellWould you hire the investment firm of Obama, Pelosi, Reid, Boehner and McConnell to manage your money?  Never. 

11/11/2012
Voodoo Economics Pt 2: Government Doesn't Create Jobs
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Voodoo Economics Pt 2: Government Doesn't Create Jobs

In a recent report, the Congressional Research Service revealed that welfare spending has increased by 33% under Barack Obama, topping out at over $1 Trillion annually.

10/31/2012

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