Simpson–Bowles Redux: Another $600 Billion Tax Increase
Erskine Bowles and Alan Simpson, former co-chairs of the 2010 White House deficit-reduction panel whose plan failed, released an outline for a new proposal on… Read More
Morning Bell: Spending Cuts Are Happening, One Way or Another
Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending,… Read More
Senate Sequester Plan: They Can’t Be Serious
The Hill newspaper demonstrated a keen knack for understatement today with its account of Senate Democrats’ $110 billion sequester replacement proposal: “The bill would appear… Read More
Watch Out…The President’s Talking “Balance” Again
If you aren’t nervous, you should be. The President is, once again, talking about a “balanced approach” to fixing sequestration—the across-the-board budget cuts scheduled to… Read More
Obama Jobs Council Disbanded – Despite Economy, Jobs as Top Priority for Americans
President Obama has allowed his jobs council to expire – even though “strengthening [the] economy” and “improving [the] job situation” continue to be top priorities for the… Read More
CBO: Tax Increase Fails to Solve Spending and Debt Crisis
While President Obama keeps calling for more taxes, today’s figures from the Congressional Budget Office (CBO) show the tax hike he signed into law just… Read More
Obama’s Sequester Proposal: Details AWOL
In another stunning failure of leadership, President Obama today asked Congress to delay the scheduled across-the-board spending cuts, including those that will decimate the national… Read More
Phil Mickelson and His Tax Bogey
Professional golfer Phil Mickelson, one of California’s many but dwindling wealthy, apparently carded a bogey when he intimated over the weekend that the near 60… Read More
Morning Bell: Obama’s Second Inaugural Address, Translated
Members of Congress—who are about to debate raising the debt ceiling tomorrow—should have paid attention yesterday. The President was very clear that he sees no… Read More
Smaller Paycheck? Welcome to Obama’s Post-Fiscal-Cliff World
Working Americans receiving their first full paycheck of the year may have had a rude awakening today. Despite all the President’s promises not to raise… Read More
