In a rational world a President would honor these people as economic heroes who do far more than their “fair share.” This week the Obama campaign transitions from gay marriage to placing blame for the looming government debt crisis on the only people who are doing anything to alleviate it.  He continues to insist that [...]

There is no bottom to President Obama’s political deception and class warfare pit. If you followed this week’s drama in Washington you know the House passed a bill that would extend the temporary payroll tax reduction for another year.  The Senate responded with a bill that would extend it for only two months.  Republicans finally [...]

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 [...]

We’ve heard a lot about the deficit and the “cost” of continuing the current individual income tax rates (also known as the Bush tax rates) Vs the tax rate increase demanded by President Obama and Congressional Democrats. But we heard silence from the media and the politicians last week after the Treasury Department released its [...]

In January 2010 President Obama made an assertion in his State of the Union message he hopes you forgot: We can’t afford another so-called economic “expansion” like the one from the last decade –- what some call the “lost decade” -– where jobs grew more slowly than during any prior expansion… The chart compares the [...]

The new Congress just started and already there are renewed demands from the political-media establishment for tax hikes. The message from President Obama, the Democrats and most of the media is that current deficits resulted from decades of tax cuts, and now, jacking up tax rates is the only “responsible” thing to do.  Anyone who [...]

The No-Jobs-During-the-Bush-Years Myth The tax rates implemented by the Bush tax cuts of 2003 are still in effect but are set to expire January 1 if Congress does not act. President Obama and the Democrats want to raise tax rates on those who earn more than $200,000. Half the over-$200,000 taxpayers targeted for an increase [...]

On Sunday Senator Charles Schumer appeared on Face the Nation and was asked about Obama’s demand that Congress increase tax rates on high income Americans.   His response in part was: …we have a big deficit problem. We have a great jobs problem. Better to put the money into deficit reduction creating jobs than give [...]

Austin Goolsbee, Chairman of the President’s Council of Economic Advisers, appears in a video on the White House website to deliver a witless, condescending tutorial on taxes.   It’s condescending toward you,  the productive people who actually do the work, take the risks, and invest the capital that generates the taxable wages, taxable profits, and [...]

Does anyone – even in Congress – really believe 2011 spending can’t be reduced from $3,745,000,000,000 to $3,675,000,000,000? President Obama and Congressional leaders argue that “we can’t afford” to continue the existing income tax bracket rates for all taxpayers. Obama insists that top bracket rates  go up even though this tax increase would specifically target [...]