The most important feature of President Obama’s “jobs speech” to Congress last week is this: For the first time in his presidency Barack Obama actually sounded like he really and truly believes that economic incentives matter in the labor market.
My mother's mother revered Franklin Roosevelt. She voted for him four times, and firmly defended him decades later, when I tried to convince her that FDR was not the haloed saint she imagined.
Cost Per Job Between $196,750 and $562,000: Like I said, the jobs numbers are slippery. But if you take the $787 billion price tag and divide by CBO estimates of 1.4 million to 4 million “full-time equivalent” jobs created as a result of the stimulus measure, per-job costs range between these two six-figure sums.
Citizens that hear about the Clinton "surplus" but also know the national debt never went down may legitimately ask, "How can the national debt increase even when the government supposedly has a surplus?" This article will provide a detailed explanation of how Clinton claimed a surplus even when the government borrowed $18 billion more the same year.
Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration. Here are the facts.
Who can forget that rare moment of honesty during the campaign to pass Obamacare when Nancy Pelosi said “We have to pass the bill in order for you to find out what’s in it”? Now we have it and almost daily there are new revelations about the staggering extent to which our private lives and individual freedoms have been stomped on.
The budget deal not only set government spending to grow, it set up an oligarchy. Wrong direction. So what's the right direction?
But the real crisis is not, nor has it ever been, the debt ceiling. The crisis is the debt itself. Economic Armageddon would not have resulted from failure to raise the ceiling, but it will come because we succeeded in raising it. This outcome falls along the lines that I had forecast.
The air was thick with bombastic predictions throughout the months-long battle over raising the debt ceiling. A deal appeared impossible, and pundits predicted that the divided Republicans and tea party insurgents who ignited the budget-cutting revolution would be the political losers.
Americans are fed up and disgusted with the way Washington has spent their money and caused this crisis. This crisis did not begin last week or even a few months ago.
To kick the can down the road or not to kick the can down the road. That is the cliché.
Florida Congresswoman Debbie Wasserman Schultz (D-FL), also Democratic National Committee chair, suggested that the nasty email she got from Congressman Allen West (R-FL), responding to her attack on him in the House, resulted from him being “under pressure.”
Now, there are glitches in this plan that cannot be overlooked. The biggest is the harsher treatment of capital gains. In a CNBC interview on Tuesday, Sen. Tom Coburn, R-Okla., told me that the investment tax rate would rise to 20 percent from 15 percent. This is a black mark. It's anti-growth. Coburn, however, also told me that the tax treatment of IRAs and 401(k)s would not change in this plan. That's good.
After watching the President for the past 26 months I have determined he has two negotiating positions: Arrogant and petulant.
There he goes again. More than six months after surrendering to Republican demands that this isn't the time to raise taxes in a weak, jobless economy, Barack Obama is peddling the same old snake oil medicine of higher taxes.
It is clear that, as the debt ceiling issue reaches a stage of urgency, the positions staked out by Republicans and Democrats are on different planets.
The demonstrably false party line being peddled by President Obama and the Democrats in the budget battle is that tax increases must be a large part of the deal because corporations and the rich don't pay their fair share.
Like Wisconsin and other states that are being forced to deal with large budget deficits caused mostly by sweetheart deals struck between politicians and labor unions, New Jersey couldn't afford to go on like this.
"Americans deserve to know where the President stands. Anything less is the height of irresponsibility."
Federal Reserve Chairman Ben Bernanke's lower economic growth estimates for this year and next diminish President Obama's already weakened prospects for a second term.
For 2012, the subtext of the campaigns will likely be the intended consequences of legislation, like Dodd-Frank, that doesn’t even attempt to address the problems that they are supposed to ameliorate. That could benefit Michele Bachmann outsider bid to be president.
Medicare, Social Security and Medicaid are the largest and fastest growing part of the federal budget. The U.S. government will never balance the budget without tackling entitlement programs head on.
And while she still wants to tax oil companies, she did have some interesting thoughts regarding pro-growth tax reform and spending and entitlement cuts.
The public relations campaign for President Obama's latest revival of "immigration reform" makes one thing crystal clear: This is not, and never has been, about homeland security.
The original post-9/11 goal was to kill bin Laden and wipe out al-Qaida. Now that we've killed bin Laden and dismantled so much of al-Qaida, do we really need to trudge through an even longer war in Afghanistan?