On Tuesday, President Obama criticized Representative Paul Ryan’s (R–WI) budget proposal as making “draconian cuts” to federal spending programs. In particular, the President said, “If this budget becomes law and the cuts were applied evenly, starting in 2014, over 200,000 children would lose their chance to get an early education …
Brace yourself. In a mere 271 days, you and your fellow Americans will be hit with a tax hike the likes of which this country has never seen. The Washington Post aptly called the unprecedented $494 billion tax hike “Taxmageddon,” and Federal Reserve Chairman Ben Bernanke described it as a “massive fiscal …
Hats off to the Senate parliamentarian, who apparently has rebuffed the Democratic leadership’s latest excuse for failing to bring a budget to the floor—something the Senate hasn’t done for nearly three years. Since February, Majority Leader Harry M. Reid (D–NV) and his lieutenants have claimed the Budget Control Act (BCA)—spawn …
If you’re looking for an iron-clad indictment of Barack Obama’s failed fiscal policies, you don’t have to look much farther than the President’s own words in a speech he delivered yesterday at the Associated Press luncheon in Washington, D.C. In what was seemingly an attempt to criticize House Budget Committee …
If President Obama wants to challenge the House Republican budget passed last week, he certainly should. His views would be more enlightening, however, if they actually said something substantial, instead of the shrill hyperbole he repeated today. In a speech at an Associated Press luncheon, Mr. Obama branded the House …
There aren’t many American-owned companies more iconic than Anheuser-Busch, the famous producer of Budweiser beer based in St. Louis, Missouri. That was true up until 2008, when the Brazilian-Belgian company InBev executed a hostile takeover of the historic brewer, leading to layoffs of more than 1,800 workers. Unfortunately, conditions in the …
Earlier this month, University of California economist Emmanuel Saez released his latest installment on income inequality. Predictably, the media is trumpeting its message without considering crucial facts. In this newest update, Saez argues that in 2010, “the top 1% [of income earners] captured 93% of the income gains in the …
