We’ve reached something of grim milestone… It has now been 1,000 days since federal government has an actual budget: I can’t say it any better than Tina Korbe: No matter what measure you use, government spending has increased since 1965. Total government spending has more than doubled. Federal spending per household has increased from $11,431 in [...]
Hous GOP Will Vote on Balanced Budget Amendment That Permits Unlimited Federal Spending
November 17, 2011 By Leave a Comment
House Republicans expect begin debate on a balanced-budget amendment to the Constitution as early as today. The measure of the, H.J. Res 2, which is part of the debt-ceiling deal Democrats agreed to in August is watered down political cop-out on the part of the Republican leadership. Apparently House Speaker John Boehner thinks this vanilla [...]
Democrats to Push Tax Hikes First in Deficit Talks
October 3, 2011 By Leave a Comment
From Reuters: Democrats want tax hikes to be the first item negotiated in “super committee” deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by Democratic members of the powerful 12-member congressional panel reflects the party’s wariness that Republicans might [...]
The fallacy of the 10:1 Mix of Spending Cuts and Tax Hikes Question
August 13, 2011 By Leave a Comment
I suspect most of you have seen or heard about this exchange during the Republican Presidential Debate in Iowa last Thursday night: It was a bullshit question, first of all unless those spending cuts are immediate they’ll never materialize… particularly when the baseline for negotiations is that the taxes increase are made in the first [...]
Ouch: Food Prices Soar
March 16, 2011 By Leave a Comment
The Federal Reserve has been on a media campaign to sell its monetary policy to main street, but as the Wall Street Journal noted yesterday it hasn’t gone smoothly. Frankly, I have to wonder how the Fed will spin this mornings news about the surge in wholesale prices, which were lead by the largest jump [...]
Michael Moore: This Week’s Biggest Idiot In American Polictics
March 12, 2011 By Leave a Comment
Michael Moore is moron, I’ll let the indispensable Mary Katharine Ham explain why: Heh, never mind the math, this might come as a surprise to a good socialist like Mr. Moore, but it’s not your money or the governments money to confiscate Michael. Related There Aren’t Enough Millionaires – Kevin D. Williamson, National Review Online
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