White House Data Debunk Myth Bush Cuts Built Deficit »

“After President Bush in late May 2003 signed the largest tax cut since President Reagan . . . government receipts from individual income taxes rose from $793.7 billion to a peak of $1.16 trillion in 2007, when the mortgage crisis began, a 47% jump.”

by Paul Sperry

While President Obama insists the Bush tax cuts caused the recession and record deficits, his own economists say otherwise.

He might want to …

Federal Spending is the Problem: Defense is Not! »

by George Landrith

With a long history of federal overspending and the recent explosion of more federal debt, it is obvious that the federal budget must be cut back to a reasonable size. We need an intervention. But the Budget Control Act — which would force an “automatic sequester” of $500 billion in across-the-board defense spending cuts over the next decade, in addition to the $487 billion in defense cuts …

The Real Fiscal Cliff »

“After the phony cliff, we face the terrifying one.”

by Conrad Black

Last week, Fareed Zakaria and Charles Krauthammer appeared in Toronto (where I live much of the time), and while I did not go to their main debate, I went to a tasting of it at a luncheon. There was, I regret to write, as a longstanding friend of both of them, a surreal aspect to the exchange. After …

Fiscal Crisis: Failing the Details, Math and Leadership Tests »

by George Landrith

President Barack Obama repeatedly chided Mitt Romney’s budget plan during the presidential campaign on at least two grounds: (1) it lacked detail, and (2) the math didn’t add up. Perhaps, we should use these two standards to see how Barack Obama’s plan stacks up. There is more than a little irony in Barack Obama criticizing others for not providing details or for their math not adding up. …

Two Thoughts on Navigating the “Fiscal Cliff” »

“The ability of the American people to watch the ['Fiscal Cliff'] sausage made and [to] read the contract before signing is a better guardian of our future than the hurried endorsements of the Washington establishment based on private assurances of politicians.”

by Grover Norquist

On January 1, 2013 three things happen:

First, the 2001 and 2003 tax cuts lapse along with a number of temporary tax reductions that have been …

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