Dec
31
2012
Here we go again. Congressional Republicans are about to snatch defeat from the jaws of victory. Vice President Biden and Sen. Mitch McConnell were locked in urgent talks late Sunday over the “fiscal cliff” after Democrats offered several significant concessions on taxes, including a proposal to raise rates only on earnings over $450,000 a year. […]
Dec
30
2012
Jazz Shaw at Hotair posted this concise representation of the “US Budget for Dummies“: * U.S. Tax revenue: $2,170,000,000,000 * Fed budget: $3,820,000,000,000 * New debt: $ 1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cuts: $ 38,500,000,000 Let’s now remove 8 zeros and pretend it’s a household budget: * Annual family income: $21,700 * […]
Dec
29
2012
Finally, someone has articulated the sanity behind embracing the so-called fiscal cliff: Don’t get me wrong: It would be better not to raise taxes on anyone, pursue pro-growth tax reform and cut the size of government instead. But that’s not what the American people voted to do last month. Americans cast their ballots for big […]
Dec
28
2012
The Tea Party/Libertarian insurgent voters of 2010 know the best available answer to the stealing of money from future generations is to embrace the so-called fiscal cliff. All other options are result in more theft and more kick-the-problem-down-the-rode. So far, the best deficit reduction package on the table is the fiscal cliff. But the Political […]
Dec
27
2012
How does that old proverb go? Watch what you ask for – you just may get it! Americans voted in 2012 for the party of big government – and by extension the party of big deficits and big taxes to fund their big government fiction! And so here we are, ready to go over the […]