Proof of President Reagan’s wisdom keeps cropping up. A fresh example: The U.S. has retained its AAA credit status with Fitch Ratings, mainly due to the fundamental strengths of its free-market economy; but a long cloud threatens the outlook—and it comes from the government’s increasingly unstable fiscal condition. In short, …
With more than half the year gone, President Obama today finally broke his silence on Taxmageddon and thus brought a smoldering debate front and center. How? By continuing to push for raising taxes on the wealthy. President Obama and his allies had been perfectly content to continue to allow Taxmageddon …
Speaking this week at the Western Economic Association International, economic forecaster Allen Sinai talked about the damage the “fiscal cliff” of 2013 will cause the economy. Sinai concludes that a recession is unavoidable if Congress does not act to fix the fiscal cliff. The fiscal cliff has two components: (1) …
It is clear that the costs associated with the Supreme Court ruling on Medicaid expansions will be a difficult and contentious topic. Some claim that the ruling will do very little to the spending projection or even create savings. Some estimate that spending will increase dramatically, possibly by $100 billion …
It’s been nearly 50 years since Lyndon B. Johnson launched his War on Poverty, and much has been debated about the appropriate role of government in poverty and social welfare. However well-intentioned these federal fix-alls might have been, recent statistics prove that the liberal model of Big Government handouts and …
President Obama repeatedly promised not to raise taxes on middle-class families. Yesterday, the Supreme Court ruled that he already has. Chief Justice John Roberts upheld the President’s health care law on the grounds that the “individual mandate” is a constitutionally permissible tax increase. This violates Obama’s pledge. Middle-class families will …
