One of the most significant votes in the recent Senate budget vote-o-rama was on the federal death tax.
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 source.
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.
Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says."
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.
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WASHINGTON - The nonpartisan Congressional Budget Office's latest report says the Obama economy is weaker than previously forecast and that darker days lie ahead.
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