Responding to widespread criticism of his AWOL status on the budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the…
Daily Analysis
America’s Fiscal Future and the Battle for the GOP’s Soul
Thanks to demographics and ill-conceived entitlement programs, America is on a path to becoming a bankrupt European-style welfare state. We know how to fix this problem, but whether we make the necessary reforms depends on the heart and soul of the GOP. Are…
Happy Tax Freedom Day!
If you are an average American, today is a great day. According to the Tax Foundation, you have finally worked long enough and earned enough money to satisfy the annual tax demands of federal, state, and local governments. This means you now get to keep any additional…
The Kiss-Your-Sister Budget Deal Is Finalized, but Claudia Schiffer Still Ain’t Your Sibling
There were reports about 10 days ago that the crowd in Washington reached a budget deal, for the remainder of the 2011 fiscal year, with $33 billion of cuts. That number was disappointingly low. I wrote at the time that if this was a kiss-your-sister deal, we didn’t…
Somebody Tell Michael Gerson that Coercion Isn’t Charity
Michael Gerson is upset that the GOP budget would trim some money from the foreign aid budget. In his Washington Post column, he regurgitates Obama Administration talking points, claiming that less foreign aid will kill tens of thousands of poor children in Africa….
New Budget Plan from Conservative House Members Would Do Best Job of Shrinking the Burden of Federal Spending
Just days after the introduction of a very good plan by the Chairman of the House Budget Committee, leaders from the Republican Study Committee in the House of Representatives have introduced an even better plan. In a previous post, I compared spending levels from the…
Politicians May Not Be the Lowest Form of Life, but They Know How to Live the Good Life at Our Expense
I’ve been writing too much about the Ryan budget, the government shutdown, and other fiscal policy issues. Time for some wholesome politician bashing. But I’m not going to pick on the U.S. Congress, which is one of my favorite targets. Instead, we’re going to cross…
Phony Deficit Hawks Criticize the Ryan Budget
Washington is filled with groups that piously express their devotion to balanced budgets and fiscal responsibility, so it is rather revealing that some of these groups have less-than-friendly responses to Congressman Ryan’s budget plan. The Committee for a Responsible…
In One Chart, Everything You Wanted to Know about Ryan vs. Obama
Forget all this talk about giant “spending cuts” of $6.2 trillion in Congressman Ryan’s budget plan. That’s music to my ears, but it’s also based on Washington’s bizarre budget math – i.e., the screwy system where politicians can increase spending but say they’re…
If Paul Ryan’s Reforms Are Not Enacted, We’ll Soon See Stories Like This in America
The left already is wailing about the Medicare and Medicaid reforms in Congressman Paul Ryan’s budget. They don’t have any solutions of their own for these bankrupt programs, but they hope to scare voters in the short run and don’t seem to care about the nation in the…