There are three major factors that stand in the way of entitlement
reform and the other responsible budgetary measures that must be taken to
avert an eventual national financial catastrophe, and they have a common
Senate Democrats are finally beginning the process of writing a budget after four years of dereliction. They will almost certainly include some changes to Medicare, the largest driver of federal spending and debt.
All of us hayseeds have thought all long that raising taxes right now, while the world teeters on the brink of a global depression, might be a really bad idea. But it turns out that we were wrong says a coalition of government economists, politicians, liberal media-types, union bosses and elite business executives who get to shelter their earnings from tax increases.
On May 24, 2012, Rick Ungar told the readers at Forbes.com that President Barack Obama "is the smallest government spender since Eisenhower." "[O]ur president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower," Ungar insisted.
President Barack Obama has such ill-advised contempt for the intelligence of American taxpayers that he has become an habitual liar when talking about his plans to deal with a national debt that will imminently top $16 trillion.
Within minutes of the announcement that Paul Ryan would be Mitt Romney's running mate, the Democratic attack machine shifted into high gear.
"Paul Ryan will destroy Medicare as we know it," claimed the ads. "So will Mitt Romney." Be afraid. Be very afraid.
Townhall.com is the leading source for conservative news and political commentary and analysis.
Townhall is packed with breaking news headlines, political news, and conservative opinion with Townhall columnists including Ann Coulter, Michelle Malkin, Michael Barone, Star Parker, Dennis Prager, Thomas Sowell, and many more of your favorite conservatives.
Political cartoons full of satire and political humor from editorial cartoonists including Michael Ramirez, Glenn McCoy, and Henry Payne.
Townhall.com also features the latest news videos and pictures on the latest political hot topics including health care reform, the economy, immigration, government tax, President Obama, Sarah Palin, Mitt Romney, Herman Cain, Ron Paul, Iraq, immigration, politics, gay marriage laws, and many more big news issues.
Townhall Magazine is our monthly print magazine that offers more exclusive investigative journalism, in-depth reporting, analysis, interviews with the heavy hitters and powerful exposés.