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 [...]
Communication from the Congressional “Super Committee” reminds us of an overused gag from “I Love Lucy” and other early TV sitcoms. Rickey comes home from work to learn that his ditzy wife Lucy has spent money they can’t afford on something they don’t need and he doesn’t want. Lucy assures him the unneeded trinket [...]
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 [...]
Obama reprimands gullible believers who voted for misty “hope and change.” Speaking at a fundraiser in Chicago President Obama expressed frustration: When I said, ‘Change we can believe in,’ I didn’t say, ‘Change we can believe in tomorrow.’ Not, ‘Change we can believe in next week.’ We knew this was going to take time, because [...]
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 [...]
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 [...]
