Question for those of you concerned about the size of federal debts and deficits: Would you endorse a plan which would add another five or six trillion dollars to the federal debt over the next decade while increasing Uncle Sam’s annual expenditures by $1.1 trillion? If so, you’re in luck. House Budget Committee Chairman Paul […]
President Obama put all his cards on the table yesterday. He made his big announcement on his response to our current fiscal crisis and festering national debt. He wants to raise taxes (Quell surprise!) and will not touch any entitlement program to reduce uncontrollable spending. He has got to be kidding, right? Wrong. The President […]
House Speaker John Boehner has succeeded in making the largest cut to the bloated federal budget in American history. In this he surpasses even the great Ronald Reagan, who still deserves all honor and praise for defeating the Evil Empire and ushering in tax reform and economic dynamism in political economy. The Speaker has initiated […]
While the battle over the 2011 budget and serial CRs (continuing resolutions) has been noisy, the amount of real money actually cut and to be cut from the federal budget is modest relative to its engorgement since 2008. Writing in the Wall Street Journal, a Nobel Prize winner, a former Secretary of State, and a […]
The Democrats in the Senate have been fighting a rear guard action, trying to obstruct the House Republicans in their drive for budget reform through a series of continuing resolutions (CRs) which are necessary to keep the federal government in operation during the current fiscal year. Some $10 billion has been cut from that budget […]
Pennsylvania’s new governor, Tom Corbett, has submitted his first annual budget to the state legislature. It includes proposals for spending cuts and no new taxes. In some ways, the budget is a model of what must be done nationwide. Gov. Corbett also claims that it cuts spending, but that depends on how the numbers are […]
If necessity is the mother of invention, then there is nothing worse than quenching the entrepreneurial spirit of people seeking to improve their situation by imposing arbitrary third-party constraints. America’s unemployment problems linger because hustlers cannot hustle. For many, “hustling” connotes business activity that is shady, or even illegal. But in the black community it is […]
