This week we finally reached Tax Freedom Day - the day after which American workers begin to make money for themselves and their families instead of the government.
The national news media have been in hyper-drive since President Obama's inauguration, trying to convince us that the U.S. economy is getting stronger.
The old adage "better late than never" might not apply in the case of President Obama's tardily filed budget.
President Barack Obama is sending Congress a $3.8 trillion spending blueprint that strives to achieve a "grand bargain" to tame runaway deficits. It would raise taxes on the wealthy and trim popular benefit programs including.
House Budget Committee chairman Paul Ryan unveiled a budget Tuesday that he says balances the budget in 10 years. Ryan invited President Barack Obama and Senate Democrats to come together and put forth their ideas on how to balance the budget.
The White House is still trying to stir up a climate of fear over the looming budget sequester that is not supported by the size of its puny spending cuts.</p><p>This irresponsible political strategy is being driven by President Obama in an attempt to convince enough of us that the sequester will shut down critical sectors of the government, endanger our country and possibly plunge the economy into another crisis.
The newly elected Republican-led House was peacefully sworn into office Thursday as GOP leaders began planning for four years of divided government.
Even the pea is a little bit too big, he says. “We’ve done all this to arrive at an arrangement on taxes.”
China- still a communist country- has vaulted over Japan as the Asian economic power that matters most. And there is only one explanation for a communist, semi-medieval country like China to overtake a supposedly free and prosperous Japan: There are more Ivy League-educated, modern, Keynesian economists in charge of Japan, than in China.
I was a college student in the fall of 1988; it was Presidential election year, and I could finally vote. The choice before me, and the country, then was do we go forward with the policies begun under Ronald Reagan or was it time for a change? Reagan was finishing an incredible run that saw nation’s economy experience an unprecedented rebound and America reestablished as the unquestioned leader of the free world. His Vice President, George H.W. Bush, made clear upon accepting the Republican nomination that “the most important work of my life is to complete the mission we started in 1980.”
Recently, I discussed the central economic policy of President Obama's budget and accompanying Presidential budget message. What drives economic recovery and growth according to the President and his budget is federal spending, deficits and debt, the fundamental tenets of the Keynesian economics that arose in the 1930s.
Here we go again with President Obama demanding one class of citizens pay more in taxes than everyone else to help pay for his Ponzi scheme called a 2013 budget.
Decrying "a decade of deficits" on Monday, President Obama declared that "my budget lays out a path for how we can pay down these debts." It is hard to see how that can be true, since his plan would add $6.7 trillion to the national debt during the next decade.
Supercommittee members Sen. Pat Toomey and Rep. Jeb Hensarling are taking flak from some conservatives for proposing a deal including increases in "revenues," and a Washington Post reporter had some fun insinuating that they were backing a tax-rate increase.
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