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  • fiscal cliff

    Mandated Military Cuts: What Is the President's Real Priority?

    A recent Wall Street Journal article entitled “The Coming Defense Crack-Up” lays out a compelling argument against the defense cuts that are going to hit on January 2, 2013, if something is not done soon. The sequestration cuts that are mandated by the Budget Control Act (BCA) will gut defense … More

    Fitch Ratings Warns: Congress Must Address the Fiscal Crisis

    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, … More

    Forecast: Taxmageddon Would Cause Another Recession

    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) … More

    Morning Bell: How Taxmageddon Will Impact You

    “I’ve said that this is a make-or-break moment for the middle class, and I believe it,” President Obama told an Ohio crowd yesterday. Indeed it is—because in a sluggish economy, American taxpayers are about to be clobbered by the largest tax increase in history. Starting January 1, 2013, Americans will … More