Tag Archives: Bush tax cuts

Obama Has Overplayed His Hand

BY FRANK HILL
Reprinted from Telemachus.com

This ‘Dreaded Sequester’ will apparently only cut $42B out of this year’s fiscal budget. Not $85B as previously reported and feared.

That is according to CBO. That is also less than 1 penny out of every dollar the federal government spends this year. Even Joe Scarborough says so although Mika would disagree with him, of course.

Have you had to cut back a little more than 1 penny per dollar in your spending these past 4 years? Betcha have.

1 penny. Less than 1% of the budget this year. Continue reading →

Holding Middle-Class Tax Cuts Hostage

BY FRANK HILL
Reprinted from Telemachus.com

Which one is better..or worse? To which guilty party can these words be assigned, Your Honor?

We are always surprised, although we shouldn’t be, when we see the media attack the GOP in Congress for ‘holding the middle-class hostage to getting tax cuts extended for the wealthy (‘fat-cat, dishonest, conniving, Scrooge-like white rich) guys’. (That is the intimation, isn’t it? Tell the truth.)

Why is it taken as the Gospel Truth that the current impasse is solely the fault of the Republican Party in charge of the House of Representatives in Congress? Continue reading →

Super Committee = FAIL

BY RICH GALEN
Reprinted from Mullings.com

The conventional wisdom out of Washington is that the Super Committee will not reach an agreement to cut between $1.2 and $1.5 trillion dollars over the next ten years.

That same narrative holds that the six Representatives (3 Rs – 3 Ds) and six Senators (3 Rs – 3 Ds) who were picked to serve on the Super Committee by their leaders have failed in their mission to effect real change in the tax code, in entitlement, and in the trajectory of federal spending.

I disagree.

I believe that the need to appoint a Super Committee in the first place was a failure of governance on the part of both parties, in both Chambers and, just to complete the rogues’ gallery, on the part of the President of the United States.

We pay rank-and-file Representatives and Senators $174,000 per year. Members of the Leadership get about $20,000 more. The Speaker’s salary is $223,500.

Continue reading →

The Man Behind The Last Balanced Budgets We Will Ever See

BY FRANK HILL
Reprinted from Telemachus

I had the distinct honor and privilege recently to introduce two talented men with high levels of expertise in the private sector who willingly straddled the line between private and public life early in their political careers and then devoted themselves completely later to serve our state and nation, former North Carolina Governor Jim Martin and Congressman Alex McMillan.

The event was the First Annual Mecklenburg GOP Martin-McMillan Day which is a fitting title given that both men served on the Mecklenburg County Commission before Mr. McMillan followed Mr. Martin as the Representative of the 9th Congressional District when Martin ran for Governor in 1984 and served for 2 successful terms.

The lists of the accumulated achievements of both men would take too long to recount here. Suffice it to say: ‘We were all fortunate they chose to take their private sector expertise into the political arena and serve us in the public trust.’ Continue reading →

Status Quo Triumphs Over Future

BY TONY BLANKLEY

 Reprinted from Washington Times and Townhall.com

The debt deal, if it sticks, is a triumph for the bipartisan, status quo-clinging Washington establishment. Here is a prediction: Between now and January 2013, total actual spending cuts will be minimal. That will result from the following: (1) The $900 billion deficit reduction is almost all back-loaded to the years beyond 2012. (2) The select committee created by the budget deal will fail to pass a “second tranche” deficit-cut package of an additional $1.5 trillion. (3) The “trigger” will be pulled that will identify an additional $1.2 trillion. (4) The pulled trigger won’t require any more deficit reductions to go into effect until 2013, when a new Congress and either a new president or a re-elected President Obama will be able to re-decide (or repeal) all these decisions.

Continue reading →

WAS REAGAN A RINO?

BY FRANK HILL

Reprinted from Telemachus.com

According to the current definition by some people, that is.

We find it amusing when we read that some wag has tagged a politician with a short-hand slap such as ‘RINO’ (Republican-in-Name-Only) and then slaps himself on the back for being ‘so clever and funny’.

Continue reading →

A Mulligan for Hope and Change?

BY GARY ANDRES

 Reprinted from Weekly Standard.com

Tuesday’s election produced another opportunity for hope and change in Washington .

Or at least that’s one way of looking at it.

Instead of wallowing in his party’s defeat, President Obama could interpret the outcome as a voter-imposed, political do-over – another swing at rising above the polarized politics of the past.

Continue reading →