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The Fiscal Cliff: What Does Obama Really Want?
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The Fiscal Cliff: What Does Obama Really Want?

Taxes hikes are a distraction. It is all about spending.Barack Obama is a master magician. The great ones keep your attention focused on their right hand while they pick your pocket with their left. For a lawyer who voluntarily surrendered his law license, Barack Obama has proven an exceptional ability to frame the public debate.

12/04/2012
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
Fiscal Cliff: Fairness Defined
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Fiscal Cliff: Fairness Defined

President Obama (D-IL) and Senate Majority Leader Harry Reid (D-NV), are determined to raise taxes on the wealthiest 2% of Americans, as part of their class warfare agenda. Speaker Boehner should stand strong and restrain government by insisting that the existing tax rates be extended and the level already-agreed cuts remain. Holding taxes the same, and dealing with the budget in an orderly process is a step toward economic fairness.

11/29/2012
The Fiscal Cliff - Omens Future Tax Hikes on Every American
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The Fiscal Cliff - Omens Future Tax Hikes on Every American

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

11/29/2012
Are Republicans Set to Cave on Tax Hikes?
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Are Republicans Set to Cave on Tax Hikes?

A skilled poker player as they say, never shows his cards. Republicans seemingly haven't heard such advice.  With 'fiscal cliff' negotiations taking place in the media of late, they are proving to be poor poker players, poor negotiators, and all-too-willing to fold.  

11/27/2012
Sequestration and the Dire Effects to State Budgets
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Sequestration and the Dire Effects to State Budgets

With Congress set to convene to tackle sequestration and the fiscal cliff, the talk has once again centered around federal budget cuts and their potential effects. Tax hikes are back on the table, according to a few prominent Republicans this weekend. A large number of difficult military cuts looms. But few are thinking about the other layers of public spending that will be affected. State budgets will see massive effects from a potent mix of direct spending cuts and revenue reductions based, ironically, on the expiration of the Bush Tax Cuts.

11/26/2012
Arbitrary Government Rules Slow Investment and Growth
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Arbitrary Government Rules Slow Investment and Growth

Personal Freedom and Prosperity 110: A Predictable and Stable Legal orderA government with moral and legal authority promulgates written rules and universally, impartially and uniformly enforces those rules, which provides a predictable and stable legal order on which to base economic and personal decisions.  The law prevails, not the proclamation or arbitrary decision of a ruler, government bureaucrat, the enforcer (e.g., policeman) or judge.  

11/25/2012
Fiscal Cliff and Lame Duck Session Will Produce Terrible Policies
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Fiscal Cliff and Lame Duck Session Will Produce Terrible Policies

Personal Freedom and Prosperity 110: A Predictable and Stable Legal OrderA government with moral and legal authority promulgates written rules and universally, impartially and uniformly enforces the rules, which provides a predictable and stable legal order on which to base economic and personal decisions.  The law prevails, not the proclamation or arbitrary decision of a ruler, government bureaucrat, the enforcer (e.g., policeman) or judge.

11/15/2012
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
$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

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