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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
$5 Trillion added to debt since the last budget
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$5 Trillion added to debt since the last budget

Since the senate democrats last passed a budget, the American government has accrued $5 trillion dollars in new debt. The last budget was passed three and a half years ago and, in that time, our debt has risen from $11.2 trillion to $16.2. That is a terrifying benchmark.

10/26/2012
Paul Ryan on the war on Poverty "Poverty is Winning."
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Paul Ryan on the war on Poverty "Poverty is Winning."

Wednesday, in the critical battleground state of Ohio, Paul Ryan spoke about his plan for the 46 million Americans who live in poverty saying that "in this war on poverty, poverty is winning.” With one in six Americans living in poverty, Ryan said that he and Mitt Romney would help them join (or rejoin) the middle class. "Many of those living in poverty today were in the middle class just a few years ago.

10/26/2012
Totally Irresponsible Governance - The Fiscal Cliff
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Totally Irresponsible Governance - The Fiscal Cliff

The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse.- James Madison, Speech in the Virginia State Convention of 1829-1830

10/19/2012
Happy Deficit Day 2012!
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Happy Deficit Day 2012!

September 10th, 2012 is National Deficit Day. That means that September 10th is the date on which the United States government is out of money for the year. Every single penny they spend for the rest of the year, explain economists James Harrington and Antony Davies, will be added to our debt. Deficit Day should ideally be on January 31st.

09/11/2012
Where Walker Succeeds, Unions Fail and Wisconsin Wins
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Issue Analysis

Where Walker Succeeds, Unions Fail and Wisconsin Wins

By: Jim Hoft and Andrea RyanNext Tuesday, Wisconsin will hold its recall election for Governor Scott Walker.  The impetus for this movement started early last year when the newly elected governor imposed bold changes in order to rescue Wisconsin’s deeply red budget.  As we have seen with other states in a fiscal mess, such as New Jersey, the only fix for the health of the state’s current and future economy is through a strong leader with a fearless drive to make the unpopular and difficult (but correct) decisions.  Enacting common sense economic principles should not make for a “pioneer”, yet decades of lavish spending in excess of state revenues has become the new norm, making actions based on common sense the new “radical”.

06/01/2012
Senate Republicans Split Three Ways on Budget: "Federalists" vs. "Nationalists" vs. "RINOs"
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Senate Republicans Split Three Ways on Budget: "Federalists" vs. "Nationalists" vs. "RINOs"

It has been 1,126 days since the Democrat-led Senate passed a budget. Despite this embarrassing dereliction of duty, on May 16th Senate Democrats forced votes on four budget proposals authored by Republicans. The Republicans countered by forcing a vote on President Obama’s unfeasible plan that would drastically raise government spending and taxes (it was defeated unanimously). Democrats voted against every single Republican budget, despite having failed to offer one of their own.

05/29/2012

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