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TAX POLITIX

The Politics of Taxes

150 Days Since the Treasury Department Reports Have Shown No Increase in Public Debt

Monday, October 14, 2013 marks 150 days since the Treasury Department's listing of public debt has not moved. The most current Daily Treasury report (October 10) shows "Total Public Debt Subject to Limit $ 16,699,396,000,000; Statutory Debt Limit $16,699,421,000,000." The record for these two entries has remained unchanged since May 17, 2013, the first time it recorded the public debt at $16,699,396,000,000. Why is this important? The Treasury reports show that the public debt has stayed at...

Bush Tax Cuts Vs Obamacare: Same Playbook, Different Reactions (of course)

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The tactics that the Democrats used in 2012 regarding the Bush tax cuts is the same strategy being deployed by the Republicans in 2013 and Obamacare. Yet this time around, the Republicans are getting vilified for it. Let’s get this straight. In 2012, the Republicans wanted to permanently extend the “Bush tax cuts” for all. These cuts had been temporarily put in place in 2001 and 2003 and were renewed in Congress in 2010, making it the “law of the land” for roughly ten years. However, the...

Congressional Chicken or Egg?

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The Democrats (and some others) have been screaming for all the country to hear that the upcoming debt ceiling vote should not have to be. After all, once Congress passes a law that involves paying for something, and the President signs it, the country has an obligation to "pay its bills", right? Wrong. This rationale is utter nonsense, as Congress has the sequence of events exactly backward. If Congress passes any law that would have the effect of increasing the country's debt above the...

Government Shutdown Casualty: FLOTUS Twitter

So, the FLOTUS account on Twitter posted this yesterday morning So, a few questions come to mind: 1) Isn't Twitter free? 2) If FLOTUS isn't doing her own TWITTER (for free), can we assume the Twitter position for her is "non-essential" personnel? 3) Do we taxpayers need to be paying someone to Twitter for the FLOTUS, especially since 2 million (37%) of her followers are fake?

Obama and His “Crisis-Driven” Governing

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Do as I say, not as I do. That is the modus operandi of President Obama. He whines to everyone that he despises these Congressional deadlines, and that it is patently unfair of the Republican to let things slide to the last minute. However, that is precisely what he wants. In the time between one deadline to another, Obama himself never presents a plan for anything. It’s disingenuous. Obama complains that decisions should be discussed and negotiated and worked out, and points a finger at a “do...

De Blasio: Following Obama’s Playbook

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Obama is lending NYC Mayor candidate his playbook to win -- including his endorsement, his staff, and his rhetoric. Obama recently and heartily endorsed Mr. de Blasio, which comes a couple of weeks after his win in the Democrat primary against 8 other candidates. De Blasio's campaign released a statement noting Obama's endorsement; Obama remarked, "Progressive change is the centerpiece of Bill de Blasio’s vision for New York City", which would make him a "great mayor". De Blasio spoke to this...

Obama on the Debt Ceiling in 2006 vs 2013

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Supporters of President Obama continually try to rationalize his decisions on the basis of some philosophical and moral philosophy. In fact, it does seem clear to most rational thinkers that, in fact, the President chooses the most politically expedient position at the moment. Nothing makes this clearer than Obama’s all-over-the-lot positions on the debt ceiling. CNS News released

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