I hate to break it to those deniers who believe that President Obama's tax-guzzling capacity has somehow been diminished by the fiscal cliff provision to fix "permanent" tax rates. You're dreaming.
President Obama’s offer to Republicans to save the country from its fiscal cliff plunge is one big joke. Senate Minority Leader Mitch McConnell said he “laughed” when Treasury Secretary Tim Geithner, Obama’s cliff negotiator, unveiled it to him. Laughable is right when you consider the president’s outlandish request calls for tax hikes on higher earners, the one thing Republicans repeatedly have warned Obama, since day one of his presidency, were non-starters to any budget or deficit reduction talks.
We can get back to discussing GOP minority constituent recruitment soon, but in the meantime, we have a fiscal cliff issue that beckons -- the real fiscal cliff (America's imminent financial collapse), not the government shutdown molehill everyone is agonizing over.
Barack Obama really does have a plan for the next four years. When he thought he was speaking off the record to the Des Moines Register the other day, he said he wanted to negotiate a "grand bargain" with the congressional Republicans. It would include spending reductions and tax increases to reduce forecasted federal deficits.
Townhall Magazine Editor Elisabeth Meinecke discusses how U.S. debt has surpassed Europe's.
For those of us who like to believe that human beings are rational, trying to explain what happens in politics can be a real challenge.
In the United States, the national debt now equals 100 percent of gross domestic product (GDP), and is still growing. With the retirement of the baby boomer generation, 78 million additional people will turn to the federal government for Social Security, Medicare and Medicaid benefits — roughly $40,000 per beneficiary per year, on the average.
Here we are, in the last week of February, discussing the extension of unemployment benefits. Again. Wasn’t Groundhog Day supposed to be on February 2?
Extending the payroll tax cut -- as the GOP leadership has now agreed with Democrats to do -- may be good politics, but it is lousy policy.
When the federal government was created, those who risked their lives and their fortunes and their scared honors to secede from England were animated by recent events. The government did not come into existence in a vacuum. Rather, those who led the Revolutionary War joined those who fought and financed it to create a central government that would be constitutionally incapable of doing to Americans what King George III and Parliament did to the colonists.
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