Tax Politics
The Politics of Taxes
It’s Deficit Day!
Over at Red State, Dan Spencer calls attention to the fact that today is a notable day: “Deficit Day” is the date by which federal tax revenues run dry and the federal government begins adding even more debt on top of our exploding $16 Trillion national debt. This...
Government Motors “Success” = A Hint For More Bailouts Ahead?
During recent campaigning, Obama has continuously exhorted the value of the auto industry. He went so far as to use their success as an example for bailing out other industries. During his famous "You Didn't Build That" Speech, Obama said something that has been...
August Numbers Are All About Decline
Unemployment fell .2% because so many Americans declined to continue looking for work. Is that hope for those 368,000 last month? June and July jobs numbers declined. They were revised to show 41,000 fewer jobs created. According to Reuters, much of the original...
Obama’s Speech: Class Warfare & Hope is not a Plan
Obama's speech didn't sound like an incumbent President. It sounded like defensive one. On Romney/Ryan: They want your vote, but they don't want you to know their plan....but Obama didn't give us a plan, only class warfare and hope. The only "plan" he has is to...
Debt Tops $16 Trillion
The US Debt Clock hit $16 Trillion in debt today. The Census, as of July 2011, reports 311,591,917 persons living in the US. So every person in the United States is currently on the hook for $51,349.21 of our government's debt.
Rich are Less Rich
In a different article, I exposed the myth of income inequality, rhetoric that is constantly being repeated by the Obama administration and the media. Using data from the CBO and the IRS, Ron Schmidt of the University of Rochester School of Business was able to...