According to Wikipedia’s definition of the fiscal cliff Americans could suffer a little more short term pain for a lot more long term gain. Americans are used to suffering these last four years so what’s another few more? The fiscal cliff by their definition is a number of different laws which if left unchanged could [...]
Tag: "Balanced Budget Amendment"
I have written before regarding Obama’s legitimate claim to a mandate for raising taxes on the “rich.” He made no secret of his plan to raise taxes during the campaign and voters — who for the most part know they won’t be paying the increased taxes — thought it was a fine idea and re–elected [...]
Just days after the national debt hit $15 trillion, in what Judiciary Committee Chairman Lamar Smith, R-Texas, describes as the “last line of defense against Congress’ unending desire to overspend and overtax”, the proposed balanced budget amendment failed to pass the vote in the House today. The Conservative Congress members have spent months seeking support for [...]