The latest CBO report shows that the FY2013 deficit will come in at around $642 billion, a dramatic reduction. Naturally, the usual suspects are calling for more “stimulus” spending now that the deficit problem is “solved”. But they should read some critical points raised by Peter Suderman. The “small” deficit is a result of tax hikes, spending cuts and about $200 billion in one-time revenues (Fannie/Freddie dividends and tax adjustments). The “small” deficit will … Read more
Tag Archive: Deficit reduction in the United States
Here’s the thing that struck me as I read Obama’s State of the Union address: very little of this is going to happen. There is no way he will get even 10% of his agenda through a Republican House. Most of it would not even go through a Democratic House. This read less like a SOTU speech and more like a rally for liberals.
That would be fine except that … there are some things … Read more
I now believe that we are going to go over the fiscal cliff, not because a deal can’t be reached, but because democrats now believe they have far more to gain from not getting a deal and having the cuts go live. You think I am crazy for thinking they feel this way? Well, hear me out, then think about it.
First off, the democrats know that no matter who junks this deal, they can … Read more
The shell game has begun. So is the damned narrative. If you get your news from the usual LSM outlets, you are probably thinking that the problem is all the evil republicans who want to protect their rich buddies from paying their “fair share”, whatever the fuck that bullshit arbitrary marxist lingo – and have no doubt that it is arbitrary on purpose, so they can redefine it in their favor whenever they feel they … Read more