On January 1, 2013, the largest tax increase in American history is scheduled to occur. It includes increased income taxes, estate taxes, Obamacare taxes, Medicare taxes and social security taxes. In addition, $1.2 trillion of Federal government spending cuts are mandated over ten years. That means $120 billion in spending cuts are scheduled for 2013. According to the nonpartisan Congressional Budget Office, if the US does not repeal these taxes and spending cuts, the country will fall off the"fiscal cliff." Falling off the fiscal cliff will result in a recession starting in 2013 with unemployment in the 9.1% range and as much as 2.9% contraction of economic growth in the first half of 2013.
I'm reminding all my friends here in Denver not to believe their vote is worthless. Our swing state’s nine electoral votes could hand the presidency to Romney or Obama -- and the Colorado outcome in 2012 could turn on a few hundred ballots, much like the Florida outcome in 2000.
“Mom, can I borrow some money?” Every parent has heard this question from a son or daughter---perhaps many times.
After watching the first debate, I refuse to believe that American voters will choose an encore for Obama's version of "hope and change."
I can’t think of an issue that more perfectly captures the national debate than the one right now regarding the expiration of the 2001 and 2003 tax cuts. At the end of this year, current tax rates will expire and taxes will go up if nothing is done.
After 44 straight months of unemployment over 8%, our President still believes a government which spends big and taxes more will create prosperity. His policies are out of sync with what we know works.
It should be well known by now that President Obama holds the all-time, blockbuster records on federal spending, budget deficits and debt.
When Bill Clinton spoke at the Democratic National Convention, he took credit for balancing the budget. That Clinton basked in his achievement, of course, surprises no one. Nor is it surprising the media failed to remind people of former House Speaker Newt Gingrich, R-Ga., and his role in pulling this off.
Over the last four years our national debt has risen nearly $6 trillion, and just last week the debt topped an astounding $16 trillion.
Two things about the Affordable Care Act (ObamaCare) are increasingly clear: (1) seniors have been singled out and forced to bear a disproportionate share of the cost of a new entitlement for young people and (2) the states are administratively just not ready to implement the new program in time for its January 1, 2014, start date.
Fellow Americans and community organizers, So glad to see all of you people here tonight! I apologize for moving the location inside, unfortunately the turnout was drastically lower than we expected, so a smaller venue became necessary in order not to make the convention look like a failure.