Well, 2012 will go down as the worst year of my life, not just because of Obama and what I see around me, but also because my personal life took a totally unexpected turn for the worse. Live & learn. I will spare you the details of my personal life, but I do want to point out that I am not feeling next year will be anything but more of the same political and economic … Read more
Tag Archive: United States federal budget
Peter Suderman makes an excellent point about the Obama Administration’s mantra that “we just want to return to the Clinton-era tax rates; things were pretty good back then!”
Most of us can agree that the Clinton years, which saw growing median incomes as well as tiny deficits and steady economic growth, were economic good times, and we’d all like to see that sort of economic performance repeated. If that’s the case, then why should we
With the fiscal cliff looming, Republicans are indicating some flexibility on taxes, at least for the higher income brackets. Naturally, this is generating some opposition:
To start with, Kristol misunderstands the opponents of the tax increases on the rich, whose main goal is not to ensure that the rich get to keep more of their money. Their main goal is to prevent the federal government from obtaining a new source of revenue. Why might that
Back when he was still awesome, Rush Limbaugh use to say that the most dangerous place in America was between Chuck Schumer and a camera. And you just knew he was going to say something stupid about Hurricane Sandy:
Sen. Charles Schumer called the fallout from Hurricane Sandy a “national disaster” and called on a federal government to cover at least 90% of the costs.
“This is one of the biggest disasters to have
The Left wing anger at Paul Ryan continues to swell. You can amuse yourself with this latest bundle of idiocy from Maureen Dowd.
He’s the cutest package that cruelty ever came in. He has a winning air of sad cheerfulness. He’s affable, clean cut and really cut, with the Irish altar-boy widow’s peak and droopy, winsome blue eyes and unashamed sentimentality.
Who better to rain misery upon the heads of millions of Americans?
Is it … Read more
(I’m on vacation. I spent today in a pool throwing Sal 11000 Beta up in the air. So, this week, I will just have an occasional post when the family’s asleep and I haven’t had too much to drink yet.)
Jesus Tapdancing Christ. I have seen this now in several places and it needs to fucking stop:
Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.
But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since
I just tweeted this thought but wanted to elaborate here. I’ve noticed a dichotomy in how the Left talks about tax cuts.
With the Bush tax cuts, allowing them to end is simply “ending tax cuts for the wealthy”. It’s portrayed as the government ceasing to give something away. However, with the Obama payroll tax cut, allowing it to expire constitutes “raising taxes on the middle class” — i.e., taking something away. The policy is … Read more
It’s official. The supercommittee has failed.
It wasn’t a bad idea really. The amount that the supercommittee was tasked with cutting — $1.2 trillion — was chosen quite specifically. It’s small enough to be doable. But big enough that you can’t do it with one policy. You can’t get $1.2 trillion just by raising taxes on the rich. You can’t get $1.2 trillion without hitting entitlements. You can’t get $1.2 trillion from cutting “waste”. … Read more
You knew this was coming:
The reason the [budget supercommittee] was to succeed where other bipartisan negotiations have failed was the “trigger.” The inability of the two sides to reach a deal would trigger $1 trillion in automatic cuts over the next 10 years. Half of that would come from domestic spending, although Social Security, Medicaid and a few other programs for low-income Americans would be protected. The other half would come from the Pentagon.