Budgets: After eight years of silence during President Obama eight years in office, which saw deficits average $910 billion a year and the national debt explode by $9.3 trillion, Democrats are suddenly fretting about deficits. If only their concern were genuine and not a cynical attempt to derail much-needed tax reform. The Republican plan is a "deficit-busting tax cut to benefit the wealthiest Republicans," says Senate Minority Leader Charles Schumer. House Minority Leader Nancy Pelosi warns that it would "take us so deeply into debt … it will necessitate a trillion dollars being cut out of Medicaid." Various other Democrats
No, but Republicans uncontrolled spending and fhe failure to end Obamacare subsidies will. And, if the tax cuts do generate better economic growth, the cost of servicing $20+ trillion in federal debt due to rising interest rates will add more red ink to the federal deficit that will likely approach $1 billion next year,
Taxes are revenue. Deficits are expenditures. If your revenue decreases and you continue your same expenditure, you will have a deficit. If you live within your means, you don´t run deficits. The idea that government needs more revenue is to believe that the government has absolutely no waste. Does anyone honestly believe that?
Both sides continue to play their devious games and spread the same lies that we have been hearing for decades. Government continues to betray us because we have not resisted strongly enough. They have the power to make laws, we have the vote, which is subject to cheating and lies. The whole mess needs to be torn down and rebuilt in a bullet-proof way. We can no longer trust them and their false charade that they are honorable and well-intentioned. Obama didn´t even follow a budget, he just spent money and drained the treasury. Neither Republicans nor Democrats spoke one word of protest. The best way out of a hole is to never get into it.
Agree that no one seemed to complain, particularly Democrats, over the last 10 years of massive deficits, due to not actually following the budget process.
Now, there are ads on FB, and such, stating NotOnePenny, for the rich.
What this means, no tax relief or tax bill, period, since we have a progressive tax system, that everyone pays the same percentage on the same amount of income with the scale increasing as the income increases. So, everyone pays the same 15% on the first say $12,000 of their earned income, then the next level is taxed at X amount, so on and so forth. Thus, the wealthy pay that same initial percentage as someone making $50,000 a year.
And, our deficit will increase regardless of any tax reform.
Tax Reform: With an important political and economic victory on tax cuts tantalizingly close at hands, what is a Republican senator to do? If you´re Sen. Ron Johnson, you try to sabotage the effort for absolutely no good reason. In a statement released Wednesday, the Wisconsin senator complained that the bill wasn´t fair to small businesses that file taxes using the individual tax form — called pass-through businesses. "These businesses truly are the engines of innovation and job creation throughout our economy, and they should not be left behind," Johnson said. "Unfortunately, neither the House nor Senate bill provide
Regulation: Like so many bureaucracies, the Obama-era Consumer Financial Protection Bureau, a creation of the Dodd-Frank financial reform bill, began with the very best of intentions. But it has failed to do its job. Following the resignation of CFPB chief Richard Cordray, it´s a good time to consider shutting down the agency altogether. CFPB is often mischaracterized as a "consumer watchdog" in the mainstream media. Consumer attack dog is more like it. Set up to protect consumers from predatory lenders and rogue banks, the CFPB has in fact led to less credit for financially troubled Americans, and is arguably not even legal.
GQ magazine named former NFL quarterback Colin Kaepernick its 2017 "Citizen of the Year." In doing so, GQ overlooked NFL Houston Texans´ J.J. Watt, who raised some $37 million for hurricane relief. Many of Kaepernick´s supporters liken his protest to that of boxer Muhammad Ali, who refused to be inducted into the military. The comparison is not well-taken. For whatever reason, Kaepernick chose not to give the magazine an interview, passing up an opportunity to clearly explain the purpose of his protest. At first, Kaepernick insisted his protest was about the alleged epidemic of police brutality against blacks. Shortly after he
Failed Economies: As Zimbabwe locked down following a military coup this week, Venezuela defaulted on its debt. On the surface, these events in these two countries — one African, the other South American — seem to have little in common. But, in fact, they share two very big things: Both are socialist, and both are failed states. Indeed, both nations are near collapse, suffering from hyperinflation, economic contraction and widespread hunger. What´s most alarming about this is that both countries have been, in the recent past, highly successful as capitalist economies. Today they are basket cases, Marxist-inspired dictatorships that were systematically
Health Care: Will Republicans even be able to repeal the most egregious failure in ObamaCare? We´re about to find out as the tax cut bill, which in the Senate will include repeal of ObamaCare´s individual mandate tax, moves forward. According to the Congressional Budget Office, eliminating the individual mandate will save more than $300 billion over the next decade, which is money Republicans can use to "pay for" other tax cuts. Critics argue this is just another attempt by the GOP to "gut" ObamaCare, which might be true if the mandate worked at all. The much-hated individual mandate was supposed to be
Clinton Scandals: A New York Times headline says it all: "Justice Dept. to Weigh Inquiry Into Clinton Foundation." Yes, the pressure is growing to fully investigate Bill and Hillary Clinton for their many questionable activities tied to their charitable foundation and to Fusion GPS, the creator of the largely bogus Trump dossier. Given the mountains of evidence of possible criminal wrongdoing, it´s about time. On Oct. 24 the Washington Post, of all publications, reported that the Hillary Clinton presidential campaign and the Democratic National Committee paid the opposition-research firm Fusion GPS to dig up all the dirt it could find on
Environment: This week, thousands of scientists issued a bleak and terrifying "second notice" to mankind about how we will destroy the planet unless we take "urgent" action. If this warning is as reliable as the first notice these scientists issued in 1992, we have nothing to worry about. In an article published in the journal Bioscience, 15,364 scientists warned that we are "jeopardizing our future" and that "immediate action" is needed to "safeguard our imperiled biosphere." "Soon it will be too late to shift course away from our failing trajectory, and time is running out," the scientists say. The article
Former model Leann Tweeden accused Minnesota Sen. Al Franken Thursday of harassing her multiple times during a USO entertainment tour in the Middle East in 2006. Tweeden alleges that Franken, a writer for Saturday Night Live before he became a Senator, wrote a script that featured him kissing her, and harassed her during rehearsals, Tweeden writes for KABC. When Tweeden returned from the tour, she noticed a photo from the tour where Franken has his hands on her breasts and is smiling into the camera. “You knew exactly what you were doing. You forcibly kissed me without my consent, grabbed my
Appointing a special counsel to probe her Uranium One deal would be “such an abuse of power” by the Trump administration, Hillary Clinton said Wednesday. The former Democratic presidential candidate said Trump risked dangerously politicizing the Justice Department, “like some authoritarian regime.” Clinton made the remarks in an interview with Mother Jones about reports this week that Attorney General Jeff Sessions asked two top prosecutors to look into the sale of a uranium company to Russian interests during Clinton’s time as secretary of state. President Trump and other Republicans allege ties between donations to the Clinton Foundation and the company sale, even though
Civil rights activist Jesse Jackson, 76, has been diagnosed with Parkinson´s disease. Jackson made the announcement in a letter and said he first noticed physical changes about three years ago. The disease also affected his father. Parkinson´s is an incurable neurological disorder that can cause tremors, stiffness and difficulty balancing, walking and coordinating movement. ´My family and I began to notice changes about three years ago,´ Jackson wrote in a statement. ´After a battery of tests, my physicians identified the issue as Parkinson´s disease, a disease that bested my father.´ ´Recognition of the effects of this disease on me has been painful, and
NBC host Megyn Kelly said President Trump is being hypocritical for condemning Sen. Al Franken, D-Minn., for sexually harassing and assaulting a woman. "Who that has been accused of sexual assault would have the gall to preach to others about sexual misconduct. How infuriating that would be. How tone deaf, Mr. President," Kelly said on NBC´s "Today" show Friday morning. Trump had tweeted Thursday night that Franken should not be advocating for respect of women. "And to think that just last week he was lecturing anyone who would listen about sexual harassment and respect for women. Lesley Stahl tape?" Trump
The allegations by five women that Roy Moore pursued and sexually molested teenage girls while he was in his 30s are disgusting, and disqualify him to serve in the United States Senate. Conservatives should be outraged at Moore for his loathsome conduct. But they should also be outraged at the man who helped put Moore on the ballot and is in the process of destroying the Trump presidency: Stephen K. Bannon. If the man Trump supported in the primary, Sen. Luther Strange, were the Republican nominee today, the GOP would be cruising to an easy victory in the Dec. 12 special
Senate Majority Leader Mitch McConnell (R-Ky.) said on Thursday that the Senate Ethics Committee should investigate Sen. Robert Menendez (D-N.J.) after his bribery and corruption trial ended in a mistrial. “Because of the seriousness of these charges, I am calling on the Senate Ethics committee to immediately investigate Senator Menendez’s actions which led to his indictment," McConnell said in a statement. He added that "Senator Menendez was indicted on numerous federal felonies. He is one of only twelve U.S. senators to have been indicted in our history." Menendez´s bribery and corruption trial ended with the judge declaring a mistrial on Thursday after jurors
WASHINGTON — Senator Kirsten Gillibrand, Democrat of New York, who holds Hillary Clinton’s former seat, said on Thursday that Bill Clinton should have resigned the presidency after his inappropriate relationship with an intern came to light nearly 20 years ago. Asked directly if she believed Mr. Clinton should have stepped down at the time, Ms. Gillibrand took a long pause and said, “Yes, I think that is the appropriate response.” But she also appeared to signal that what is currently considered a fireable offense may have been more often overlooked during the Clinton era. “Things have changed today, and I think under those