The editorial cartoon on the left perfectly summarizes the political situation surrounding fiscal cliff negotiations. The lesson is Republicans will be blamed regardless. CNN and Pew Research Center polls show a majority of the public will blame the GOP if the country goes over the cliff, even if Speaker Boehner fetches coffee for Obama during [...]
The feds aren’t alone in dealing with budgets this time of year. Although “dealing” is somewhat generous, since Uncle Sam doesn’t have to balance his. Congress and the President are content to blame unforeseen circumstances — George Bush, climate change or a spontaneous reaction to an anti–Mohammed video — for causing deficit spending, while they [...]
The U.S. national debt can’t be trimmed by cutting spending alone. That is the illogical and easily-disproved lie circulating through the main stream media. It’s a mantra that is repeated… over, and over, and over. Considering that this claim is at the core of the current progressive demand for tax increases, it’s sad that only a [...]
The debt ceiling debate will most-likely become the GOP’s fault. Not because the lion’s share of spending is from Republican policies, but because Democrats are much better at speaking in generalities, obscuring facts and planting doubt. Rep. Jim Jordan, chairman of the Republican Study Committee, was on Fox News Sunday with Chris Wallace facing Rep. [...]
Economists agree that the U.S. will face a major debt crisis within the next few years. Erskine Bowles, the top Democrat on President Obama’s debt commission, calls this “the most predictable economic crisis in history.” One-time spending cuts will not be enough to avert the coming crisis. Neither will toothless promises of cuts 10 years [...]
Calendar No. 97 112th CONGRESS 1st Session S. 1340 To cut, cap, and balance the Federal budget. IN THE SENATE OF THE UNITED STATES JULY 7, 2011 Mr. LEE (for himself, Mr. TOOMEY, Mr. PAUL, Mr. DEMINT, Mr. JOHNSON of Wisconsin, Mr. HATCH, Ms. AYOTTE, Mr. BARRASSO, Mr. [...]
The debt ceiling is coming! The debt ceiling is coming! Alarmist? Quixotic? Fear-mongering or Real? There are two perspectives in-play: the fiscal and the psychological. Fiscally – on a purely logical level – yes, it is that simple. The U.S. could service existing debt, defund Obamacare, and let a government shut-down occur while real cuts [...]
