Tag Archives: Spending cuts

Let Obama Leap Off the Fiscal Cliff Alone

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… Read More »

Distinguishing Leadership from Politicianship

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… Read More »

McConnell: Obama Rejected Bi-Partisan Debt Proposal

Today, Mitch McConnell spoke out on the political games being played by the White House on the debt battle. While on the Senate floor, Senate Majority Leader McConnell said [emphasis mine]: The responsible path forward was clear to everyone – a plan that avoided default and required additional savings before any further increase in the… Read More »

Democrats Dumb Things Down Better Than Republicans

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.… Read More »

Cut, Cap and Balance [RSC Summary]

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… Read More »

Obama: 80% Favor Balanced Approach [Fact Check]

Obama reiterated several times in this morning’s presser that 80% of voters favored a balanced approach to the debt problem. The President’s idea of a balanced approach is equal tax hikes and budget cuts. Unfortunately, there isn’t a single poll to support his delusion. A Rasumussen Report poll indicates that only 45% would favor tax… Read More »

McConnell: Obama is the Problem in Debt Fight – the People Agree

In a Wednesday Senate speech, Mitch McConnell (R-KY) signaled what most Americans are thinking – Obama is the real obstacle to a budget deal. The Senate Minority leader said, “After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution… Read More »

If Not Now, When?

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… Read More »