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    Initial Talking Points on CBO Scoring of Obama Budget

    • President Obama’s budget presented at the end of February painted a picture of a fiscal trainwreck. The Congressional Budget Office (CBO) today confirmed what many had suspected – the fiscal consequences of the President’s policies would be much worse. • The President is calling for massive tax increases equal … More

    The AIG (And Everyone Else) Bill: Counterproductive and Unconstitutional

    Whom It Really Targets The Hit List: H.R. 1586 retroactively taxes AIG employees who are due deferred compensation and would tax that compensation at a 90% rate. A Much Broader Sweep: Going forward, the bill also imposes a 90% federal tax rate on anyone employed by a company receiving $5 … More

    We Smell a RAT

    Testifying before the House Committee on Oversight and Government Reform yesterday, Recovery Accountability and Transparency Board (RAT board) inspector general Earl Devaney noted: “Logic would suggest there’s going to be a loss of money to fraud and waste with this amount of money going around.” Devaney even put a number … More

    Morning Bell: Taxpayers Should Be More Than a Little Scared

    Maybe Jay Leno should host Meet the Press. Bowling and canine questions aside, Leno pressed President Barack Obama hard on the House’s vote to strip AIG employees of their retention bonuses via the tax code: Well, here’s something that kind of scared me. Today they passed this thing that says … More

    Poor Gordon Brown

    Can you imagine? It’s movie night at 10 Downing Street, and the Prime Minister of Great Britain has the popcorn popped and is ready to break into that set of DVDs that President Obama so graciously gave him on his recent visit to Washington. Then he sees the display say … More

    Morning Bell: Bonus Outrage You Can Believe In

    Speaking to a crowd of 1,500 supporters in Costa Mesa, California, about the bonuses given to employees of 80% taxpayer owned AIG, President Barack Obama said: “I know a lot of you are outraged about this. I’m outraged, too.” We’ll leave for others to decide the level of Obama’s outrage, especially considering … More

    There is Still Time, Senator: Fix the Stimulus

    According to Politico, CNN’s Dana Bash and Ted Barrett reported yesterday on how the $800 billion Stimulus bill managed to not only protect AIG’s bonuses; but a provision that would’ve prevented the executive bonuses was stripped. The obvious question is why these protections were put in place by Congress for … More

    Obama Budget: 'A Sharp Break From Prosperity'

    Washington – Congressman Kevin McCarthy warned of balooning federal deficits at the Conservative Bloggers’ Briefing today at the Heritage Foundation. “How do you tell future generations that we are going to be able to compete with India and China? How do you tell future generations that they will be better off … More

    Morning Bell: Government, Inc.

    “If you don’t return it on your own, we will do it for you.” So warned Sen. Chuck Schumer (D-NY) referring to the $165 million in bonuses paid to employees of the 80% taxpayer owned insurance company AIG. And how did Schumer plan to force those employees to give their … More

    Buying Big Government: What the Obama Budget Is Costing You ... This Time

    Hitting the Federal ATM, Again Apparently, It Does Grow on Trees: After an $800 billion stimulus bill, the President’s budget increases spending by $1 trillion over 10 years, includes an additional $250 billion placeholder for another bailout, and calls for a pay-as-you-go (PAYGO) law while astonishingly violating that rule by … More