Since President Obama wants you to believe that the wealthy paying a “fair share” is the key to balancing the budget and funding all his big government dreams, here’s a what-if exercise that puts his demagoguery in perspective. What if the government could simply seize all the wealth of the nine richest people in America?  [...]

The latest propaganda from the political-media establishment is the assertion that the Grand Congressional Super Committee failed to agree on deficit reduction, and the government’s debt problems can’t be resolved because Republicans, driven by tea party activists “refuse to compromise.” Retired General and Former Secretary of State Colin Powell echoed the establishment view in a [...]

The so-called Congressional Super Committee failed to reach a deficit reduction agreement even though success was absurdly easy:  simply adjust the “baseline” schedule of future spending by $1.2 trillion over ten years, beginning in 2013. Put another way, all they had to do was change the currently scheduled $44+ trillion of spending over ten years [...]

One would never know it from all the anguish expressed by the political-media establishment, but the Congressional Super Committee’s assignment is absurdly easy. This week the august Senators and Congressmen head into their final, dramatic days of deliberations.  Their assignment is to propose $1.2 trillion of “deficit reduction” over ten years, beginning 2013. In Washington [...]

We’ve been through almost a year of dramatic and acrimonious political debate about the government’s deficit, and it isn’t over yet. Much of the political media establishment has been suffering fits of anguish over alleged “austerity” and “deep cuts” being inflicted upon the defenseless government by Republicans, driven by those terrible Tea Party activists.  But [...]

The recent, explosive growth in government debt is the result of Barack Obama’s historic gamble, betting the future of America on his vision of a big, powerful, central government, that controls the private sector economy for the benefit of politically connected business interests,  unions, and the Democratic Party. President Obama stepped to the cameras and [...]

President George W. Bush’s jersey has finally been retired.  The political-media establishment has a new designated bad guy to pin the blame on: tea party activists and the Congressmen they helped elect. During the debt ceiling debate they were called terrorists, suicide bombers, extortionists and hostage takers.  A Google search found dozens of July articles [...]

This article was revised after Congress passed the debt ceiling increase. Have tea party voters turned a mundane function into an unnecessary crisis? Why is there a debt ceiling?  It’s not in the Constitution or the Bible. America has a debt ceiling because politicians find it too difficult to vote against specific borrowing and spending [...]

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 [...]

What would it take for government to begin sharing in the sacrifice? For the first three months of 2011 President Obama demanded that Congress raise the debt ceiling without any conditions, without any spending cuts whatsoever. Then, when the polls turned against that idea he began to call for “shared sacrifice” in the form of [...]