Are Millionaires and Billionaires the Problem? In his speech on government debt last week President Obama sought to exploit the complexity of the tax system to deceive The People.  Our previous post debunks his implication that President Bush caused the current debt crisis.  Further into his speech he implied that “millionaires and billionaires” were to [...]

Critics of President Obama’s deficit reduction speech called it the opening of his 2012 reelection campaign rather than a serious, sober presentation of the problem and proposed solutions.  We agree. He began by praising big government for all its varied taxpayer funded functions.  He then fixed blame for recent massive deficits and the looming debt [...]

There has been lot of bitter disappointment from conservative and libertarian commentators since President Obama and Speaker Boehner announced “The Deal” last Friday night that will cut some $38 billion from 2011 spending.  Here are a couple of examples: my good friend over at The-Classic-Liberal and a commentator at RedState. The critics are right that [...]

On March 9 the Senate killed HR1, a bill passed by the House that would cut 2011 spending by $61 Billion or 3.7%. On March 10 the Treasury Department published it’s monthly statement, including year-to-date figures as of the end of February, the fifth month of the 2011 fiscal year. In the face of the [...]

A month ago the House of Representatives passed HR1, that would fund the government for the remainder of 2011 with paltry cuts of $61 billion. HR1 would reduce the 2011 deficit 3.7% from 1,645,119,000,000 to $1,585,119,000,000. On March 9, HR1 was defeated in the Senate. All Senate Democrats voted “no,” because they thought the cuts [...]

The drama is overwrought, and the debate is thundering.  But the substance is trifling. On february 20 The Republican House of Representatives passed a bill that would cut a mere $61 Billion from the Obama’s $3.5 Trillion spending plan for 2011. My first reaction was disappointment after such big talk during the campaign.   I was [...]

Congressional Democrats and their supporters are alarmed by any discussion of spending cuts and are trying to convince us it would be disastrous to “slash” 2011 spending from $3.819 trillion projected by the Obama Administration all the way down to $3.759 trillion proposed by the new GOP majority in the House of Representatives. Since the [...]

Much of the media’s “information” about the federal budget is deception made possible by the arcane budgeting process in Congress.  President Obama didn’t invent the process.  But he’s an enthusiastic practitioner of the deception. When the President delivered his 2012 budget to Congress the media shouted “$1.1 trillion in cuts!”  Did this mean the government [...]

The spending cuts are accounting flimflam. The record breaking increase in tax revenue is fantasy. At his press conference Tuesday President Obama hoped to plant the perception in the mind of the public that his 2012 budget was an exercise in frugality.  Here’s one of his responses to budget questions: …this is my third budget. [...]

President Obama tries to deceive The People with a meaningless comparison to the Eisenhower era. During the press conference he held to defend his 2012 budget President Obama claimed: As a start, [my budget] freezes domestic discretionary spending over the next five years, which would cut the deficit by more than $400 billion over the [...]