According to the staff of Congressman Paul Ryan, the budget deficit is poised to increase to $1.48 trillion from $1.416 trillion even when a projected $66 billion more will be raised in tax revenues from 2010 to 2011. In other words, the president’s budget is getting more money, and spending it faster than it did […]
A Focus on Long Term Price Stability
John Taylor, writing at the Wall Street Journal, has come out in support of an idea that has been floated by many conservative economic thinkers (and here on this website), that the Federal Reserve ought not to be focused on multiple monetary policy goals, and instead ought to be directing its efforts solely to maintaining […]
Sacred Cows to the Slaughter
An Obama administration official, the administration’s chief expert on Medicare and Medicaid spending, Chief Actuary Richard Foster, has said that Obamacare will not hold costs down, or allow Americans to keep the health insurance they currently have. Both key promises of the bill. Where was this admission two years ago when the president’s team was […]
State of the Union: The Same Old Song
“You’re sweet as a honey bee, But like a honey bee stings, You’ve gone and left, my heart in pain, All you left is our favorite song, The one we danced to all night long, It used to bring sweet memories, Of a tender love that used to be, Now it’s the same old song” […]
Congressman Paul Ryan to Rebut President Obama
Tonight Congressman Paul Ryan will speak to a massive audience following President Barack Obama’s State of the Union address. Congressman Ryan has loads of power as the head of the Congressional Budget Committee, and a winning plan to dump the currently unsustainable version of Medicare and replace it with vouchers. His Roadmap for America also […]
Unions: Not Working So Far
Last Friday Tim Jones wrote to you about Republican Congressman Jim Jordan’s new proposal to cut the budget deficit by $2.5 trillion over the next ten years, far beyond any cutting proposal Americans have seen so far in the new Congress. This week Jed Babbin writing at The American Spectator has reported that Democratic Congressman […]
Take the Knife to Government Spending
The Republican Study Committee, led by Congressmen Jim Jordan and Scott Garrett, with an assist by Senator Jim DeMint and bolstered by 70 new members, has hit the House floor running in the new Congress. Without a bit of hesitation the RSC has offered up legislation that would make huge cuts to the federal workforce […]
Obamacare Repealed in the House
Yesterday the House of Representatives voted to repeal Obamacare, 245 to 189, a much larger majority (and a bipartisan majority at that) than the strictly party-line aye-votes that passed it in the first place. Harry Reid absolutely must bring the Obamacare repeal to the floor of the Senate. There are 24 Democratic Senators up for […]
Out of Control Government
The FreedomWorks team, headed by former House Leader Dick Armey and FreedomWorks President Matt Kibbe are out in force making some suggestions as to what programs Congress should consider cutting in their drive to decrease government spending. An obvious and somewhat forgotten suggestion that the two gentlemen make is removing the “temporary” stimulus from the […]
Deregulation Coming?
After receiving terrific pushback from the U.S. Chamber of Commerce, the Tea Party, and businesspeople all over America, the administration of President Barack Obama is starting to make noises like it may streamline and delete a few regulations. The president wrote in an op-ed in the Wall Street Journal this morning that said he is […]
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