TAX POLITIX
The Politics of Taxes
More on the Federal Deficit: The Real Numbers
USA Today had a spot-on analysis of how misleading federal accounting practices are. In a previous article elucidating how Social Security is not Pay-As-You-Go, I pointed out the fallacy of this "system", as it is a method of hiding future realities. USA Today takes this concept further and examines the entirety of the government's deficit reporting: The big difference between the official deficit and standard accounting: Congress exempts itself from including the cost of promised retirement...
Brilliant. Fuzzy Math.
Number Crunching the Federal Debt
Paul Ryan on Today’s Rejection of Obama’s Budget
BIPARTISAN AND BICAMERAL. That says it all. Obama is truly a "partisan" president. Below is the text of the press release from the House Budget Committee regarding the newest unanimous vote to reject President Obama's fiscal plan: House Budget Committee Press <hbcpress@mail.house.gov> Date: Wed, May 16, 2012 at 4:52 PM Subject: Paul Ryan on Bipartisan, Bicameral Rejection of President's Budget: 0-513 PRESS RELEASE FOR IMMEDIATE RELEASE May 16, 2012 PERMALINK CONTACT: Conor Sweeney...
Unanimous Rejection in the Senate
From the Senate Budget Press Office: 0-99: Senate Unanimously Rejects President’s Budget “If Congress adopts this budget, then along with the cuts that we’ve already made, we’ll be able to reduce our deficit by $4 trillion by the year 2022 -- $4 trillion… But the main idea in the budget is this: At a time when our economy is growing and creating jobs at a faster clip, we've got to do everything in our power to keep this recovery on track.” – President Barack Obama, Feb. 13, 2012 “This Budget...
Obama’s New Stimulus Plan is a To-Do List of Old Ideas
This one is really really going to work this time. I promise! Last Saturday, Obama unveiled his new stimulus plan -- a list of more things for the government to do in order to create new jobs. That means more government spending. The president’s list includes an expanded program to help homeowners refinance their mortgages, a proposal to give small businesses tax breaks for hiring more workers, a program that would help veterans find jobs, and an extension of tax credits for clean-energy...
8.1…because 341K Left the Work Force
Friday we hear the news that the new unemployment rate is 8.1%. Since Obama's goal post is to get the number at least under 8% in time for election day, this number -- on the surface -- sounds relatively good, right? The key thing to note (and the key thing to follow to see if it's being mention by Obama) is that the reason for the lower unemployment rate is due to the fact that 342,000 left the labor force. Payrolls only added 115,000 new jobs, the lowest number in six months. According to...
Keystone Pipeline, Part II
Occupy…the Right Wing Extremists
The Southern Poverty Law Center (SPLC) claims to only deal with “hatred of people based on class characteristics,”. So when Charles Cooke of National Review Online decided to inquire if the SPLC would be the watchdog it claims to be and follow and investigate a group of Occupy-affiliated men who planned to blow up a bridge, he was told they would not. When Mr. Cooke asked for further clarification, he was told the following: 1) “We’re not really set up to cover the extreme Left", and 2) We...
April 29, 2012. 3 Full Years. No Budget.
I last posted on the budget when we went 1000 days without one. Now we're about to pass another milestone. This Sunday, April 29th, is the three-year anniversary since the last time we passed a budget. Not that we haven't tried... Obama's budget proposal in 2011, based on ideas espoused in his State of the Union address, failed 0-97 in the Senate. Obama's $3.6 trillion budget proposal in 2012 was defeated 0-414 in the House. And what are others saying about this significant event? Human Events...
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