Budget and Deficit

Using a legal loophole to violate the intent of Congress with a magic $1 trillion platinum coin would have far more dangerous results than anything resulting from the debt ceiling standoff.

Over the past few years, Americans have cut back on their lifestyles by far more than 1%, writes Tom Giovanetti, as quoted in Forbes. It will be hard to demagogue successfully against a 1% reduction in government spending.

The lack of spending cuts in legislation that averted the fiscal cliff will place enormous pressure on entitlement programs such as Social Security, Medicare, Medicaid, and even the president’s new heath insurance plan when negotiations begin in coming weeks to reduce the deficit, analysts said Wednesday.

President Obama’s claim that higher taxes are necessary for more revenue is a sham. He has refused to use two easy ways to get more money–big money.

Boehner never initiated a spending-cut PR campaign, so Republicans are hoping they will be able to get some cuts in the next round of fiscal negotiations. But it won’t happen until they learn how to make excessive government spending the issue.

Financial planners advise investors to diversify; but President Obama is demanding even more financial concentration.

If people believe that government is too big and spends too much money, why can’t we build political support for spending cuts?

Before Congress raises taxes it needs to cut wasteful spending; Senator Coburn has shown us were to start.

Calls for higher taxes on the wealthy are not really about “fairness,” but rather are about who controls and directs capital in our economy—capitalists themselves or government elites?