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Tag Archives: tax increases
Massive, Draconian Tax Increases Courtesy Of Barack Obama To Hit January 1st
So how many of you actually believed Barack Obama when he said he wasn’t going to raise taxes back during the ’08 campaign? Nobody? Well, I guess I wouldn’t want to admit that I’m a dumb shit either. On top of the large tax increases he’s already managed to ram in to law, you ain’t [...]
New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink
Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to about 2 percent yearly. When CBO issued new numbers early last year, I repeated the exercise and [...]
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Also tagged 2012 Budget, Balanced Budget, Big Government, congress, deficit, economics, economy, entitlements, Federal Spending, Fiscal Policy, Government spending, higher taxes, news, Obama, politics, taxation, taxes, Tea Party, Uncategorized, unemployment
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More than 100 Percent of Long-Term Fiscal Challenge Is Government Spending
Austan Goolsbee, the former Chairman of President Obama’s Council of Economic Advisers, has a column in the Wall Street Journal that argues government spending isn’t too high. That’s obviously a silly assertion, as I explain here, here, and here, but I want to focus on what he wrote about tax revenues. Here’s the relevant passage [...]
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Also tagged 2012 Budget, Austan Goolsbee, Big Government, congress, economics, economy, entitlements, Federal Spending, Fiscal Policy, Government spending, higher taxes, news, Obama, politics, taxation, taxes, Uncategorized
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Why Are U.S. Taxpayers Subsidizing a Paris-Based Bureaucracy to Help the AFL-CIO Push Obama’s Class-Warfare Agenda?
To be blunt, I’m not a big fan of the Organization for Economic Cooperation and Development. But my animosity isn’t because OECD bureaucrats threatened to have me arrested and thrown in a Mexican jail. Instead, I don’t like the Paris-based bureaucracy because it pushes a statist agenda of bigger government. This Center for Freedom and Prosperity [...]
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Also tagged 2012 Budget, 2012 Election, AFL-CIO, Big Government, Big Labor, class warfare, congress, economics, economy, Federal Spending, higher taxes, news, Obama, OECD, Organization for Economic Cooperation and Development, politics, taxation, taxes, Uncategorized, union bosses, unions
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The Super Committee: Even If It Had Succeeded, It Was a Failure
We last week passed the $15 trillion national debt mark. It continues hurtling upward, almost completely unabated. We the People did our job and then some in the historic 2010 election, delivering more than 70 new Republicans to the Congress – on their promises to rein in out-of-control Washington spending. Read the rest at Big [...]
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Also tagged 2012 Budget, 2012 Election, Big Government, congress, crony capitalism, Defense, Earmarks, economics, entitlements, Exclusives, federal budget, federal debt, federal deficit, Federal Spending, Healthcare, income taxes, Midterm Elections, news, Obama, Occupy Wall Street, politics, Regulation, spending, Super Committee, Tax Reform, taxes, Tea Party, unemployment
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Supercommittee Fight May Reveal the GOP Is Beyond Saving
Some people have asked why I’m so agitated about the possibility that Republicans may acquiesce to tax increases as part of the Supercommittee negotiations. Rather than get into a lengthy discourse about the proper role of the federal government or an analysis of how the Bush-Obama spending binge worsened America’s fiscal situation, I think this [...]
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Also tagged 2012 Budget, Big Government, congress, Defense, economics, entitlements, Federal Spending, Fiscal Policy, Government spending, higher taxes, news, Obama, politics, Republicans, Sequestration, Supercommittee, Tax Reform, taxes, Tea Party
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Connecticut Deemed the ‘Sinkhole’ of the Nation
According to the Institute for Truth in Accounting (IFTA), Connecticut has been identified as the top financial “sinkhole” state in the nation. IFTA, a nonpartisan and nonprofit organization that works for greater accounting transparency across all levels of government and business, reports that the Constitution state is at the top of a list of five [...]
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Also tagged Big Government, Big Labor, Connecticut, crony capitalism, economics, Gov. Heineman, Gov. Malloy, Institute for Truth in Accounting, politics, private sector, public sector unions, Sinkhole state, State Government, State Politics, Sunshine state, taxes, Uncategorized, unemployment, unfunded pensions, union concessions
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Hell bent on raising taxes, Obama’s 447B jobs bill will cost taxpayers 421B
94% of bogus “jobs bill” is funded by tax increases Let’s just put Obama’s thinking in perspective. The only way to create or help create jobs is by raising taxes. Essentially that’s what Obama believes. Let’s even do this another way. If you own a business, the only way you can hire people is by [...]
Battle cry of the Democrat, “We Must Raise Taxes!”
Who couldn’t see this one coming? In the warped and insane mind of the Democrat, the credit downgrade should be solved by raising taxes. What part about this don’t they seem to be able to get through their Karl Marx influenced heads? It’s the spending that’s the problem. Those people are so far out there, [...]



