With only a few days left to prevent a debt ceiling crisis President Obama asked the TV networks for prime time to inform The People of a grave situation and of the options available to us deliver another, tedious campaign speech. What if we had been able to interact with the President, turning the speech [...]
Senate majority Leader Harry Reid is now willing to make a debt ceiling deal without tax increases just to avoid another debt ceiling deadline before the election. The final week before the debt ceiling deadline begins with two new debt ceiling plans. These plans are not yet available on line so all we know about [...]
On Friday Evening an angry President Obama held a press conference to announce that, once again, debt ceiling negotiations had broken down. Of course he blamed Republicans. Here’s an excerpt: So here’s what we’re going to do. We have now run out of time. I told Speaker Boehner, I’ve told Democratic Leader Nancy Pelosi, I’ve [...]
The President tries to smear Republicans with a trivial tax break he and his party authored. A visitor from another planet listening to President Obama’s press conferences would get the impression that a “tax break for private jet owners” was a major point of political conflict and a significant barrier to a balanced federal budget. [...]
Remember 2007? Was Government too small by 40%? For several days the establishment media hyped the majestic arrival of President Obama to the debt ceiling debate. But after several urgent, crucial, Oval Office Meetings no agreement is even close. Republicans want major spending cuts in exchange for their votes for a debt ceiling increase. Obama [...]
Would three percent less government spending be worse for jobs than a major tax increase on small business employers? As the chart shows, the debt crisis is driven by spending and since Republicans were in control of Congress from 2001 through 2006 and Democrats were in control after that, neither party is blameless. But the [...]
The government’s deficit/debt crisis has united a majority of Americans in demanding significant spending cuts. Those who have built their political careers, on continuously expanding tax supported government programs, grants, subsidies, and entitlements – we’ll call them “looters”- are naturally alarmed. As always they seek to deflect blame away from themselves to taxpayers, especially the [...]
Congressmen and Senators from the Left are at it again. On the Sunday talk shows they renewed their call for tax increases as if the deficit crisis was caused by lack of revenue rather than their own profligate spending. Publicly available data from the Office of Management and Budget (OMB) debunks their position. The [...]
