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Obama's Budget: More Tax, Borrow and Spend

 The White House presented its 2012 budget Monday. A $3.8 trillion proposal which includes $1.43 trillion in new taxes on households whose incomes meet or exceed $250,000 (note: this is the new “progressive” definition of millionaires and billionaires), a fourth straight year of $1 trillion-plus deficit spending (which will require yet more borrowing), and new mandatory spending intended for the ...

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Obama’s Budget: More Tax, Borrow and Spend

 The White House presented its 2012 budget Monday. A $3.8 trillion proposal which includes $1.43 trillion in new taxes on households whose incomes meet or exceed $250,000 (note: this is the new “progressive” definition of millionaires and billionaires), a fourth straight year of $1 trillion-plus deficit spending (which will require yet more borrowing), and new mandatory spending intended for the ...

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More Obama Budget Buffoonery

President Obama’s newly released budget proposal will add another $1.3 trillion dollars to the nation’s already skyrocketing [under Obama] national debt. Why is it when Democrats propose a budget it is always heavily laden with “let’s borrow more today and start spending less tomorrow” trickery and false promises. As Grover Norquist reminded the folks at CPAC last weekend, Democrats promised ...

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Obama’s Class Mate Speaks Out!

An email that went viral back in June of 2010 is now making a comeback as we head into the 2012 Presidential elections. In that email we see Mr. Wayne Allyn Root, a college classmate of Obama’s, stating some very strong opinions about just who Barack Hussein Obama really is, his religious beliefs, and his overall ideological agenda. The only changes ...

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Is General Motors Truly Back on Top of Auto World?

General Motors Corporation recently laid claim to being the world’s largest automaker, as headlined in The Detroit News  last month.  “General Motors Co. says it sold more than 9 million cars and trucks worldwide last year — a 7.6 percent increase that allowed the company to reclaim the title of world’s largest automaker.” After GM posted it’s profits and sales figures boasting ...

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Why obama is Toast

This just in from the Associated Press: The Commerce Department said Thursday new-home sales fell last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy. About 302,000 homes were sold last year. That’s less than the 323,000 sold in 2010, making 2011 ...

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Romney's Taxes – Is It Any Of Our Business?

First, we have to pretend that it’s any of our business, that a candidate’s personal tax records have any bearing on what sort of president he will be. Then, let the spinning begin. Depending upon who you want to believe, Republican presidential candidate Mitt Romney is either a crook or a hero. Challenged by fellow Republican presidential candidate Newt Gingrich, ...

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Prosperity or Poverty?

The state of North Dakota currently boasts of a current rate of 3.2% unemployment. ( as of July 2011) It is adding billions of dollars to the states “Legacy Fund” which can not be touched until the year 2017, when the accrued interest will be made available to spend unlike the irresponsible states that spend the money years before it is ...

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John Boehner Should Listen To Rich Mitchell

 Both NBC and ABC had, on December 19 and 20, 2011, pieces that disparaged House Republicans for potentially “messing up” an extension of the payroll tax cut. On NBC’s Today, Kelly O’Donnel said, “Holiday cheer gone sour” when describing extending the payroll tax cut set to expire at year’s end. O’Donnel also said, “Unless Congress acts, on January 1st [2012] ...

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The FairTax Series: America's Road To Prosperity Part 5

In this final installment of the FAIRTAX series I want to review the content of the series and give a few personal thoughts on our country, our system, and how I see the FAIRTAX being an integral part of the solution to our debt issue, though not the only aspect, and of how we get the United States back on ...

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Mitchell & Ray – December 22- Tom Dougherty – Common Sense Economics

When: Thursday, December 22nd, 10pm Eastern/7pm Pacific Where:Streaming Internet Radio What: Join independent political commentator Michelle Ray as she discusses the issues impacting Americans. Tonight: Rich is on vacation (just like Obama, only Rich will be back next week!) so Michelle and Tom will discuss a common sense approach to the economy and a mutual disgust for apathy, ignorance, sloth and the “I’m ...

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The FairTax Series: America's Road To Prosperity Part 4

In this installment of the FAIRTAX series I want to cover the “pre-bate” provision of the plan. The “pre-bate” is a provision designed to help with the basic necessities of life, to essentially “un-tax” food, medicine, utility costs, clothing, etc. up to the poverty level. It is not designed to help the “rich” buy new cars for their 16 year ...

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Is Jay-Z rethinking this whole 'big government' thing?

Last week, rapper Jay-Z said that he would love to pay more taxes – on one condition: “Me, personally, I wouldn’t mind paying more taxes if it went to the things that really mattered, if it went to education, people in poverty,” Jay-Z said in an interview with CNNMoney Thursday. “If it went to the right things, you know, I ...

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The FairTax Series: America's Road To Prosperity- Part 3

In this installment of the FAIRTAX series I want to cover the impact  of jobs, particularly manufacturing jobs, coming back to the United States. When Bill Archer (R-Tex.), was the chairman of the House Ways and Means Committee, the tax writing body of Congress, he often quoted a survey of 500 international companies located in Europe and Asia. When asked ...

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Sen. Tom Coburn: Tax Payers Subsidizing Millionaires

A few days ago, I heard a little snippet on the radio about John Bon Jovi receiving farm subsidies from the federal government. I was busy writing another article, so I jotted down a note to remind me to look into this. Frankly, when I heard the report I was both shocked and skeptical at the same time. I thought, ...

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