Budget Policy: Republicans are being hounded mercilessly to abandon their no-tax pledge to get a deal on the fiscal cliff. So why aren´t Democrats facing any pressure to compromise on entitlement spending? Every Republican who happens to bump into a reporter these days is sure to be grilled on tax hikes. [snip] But while GOP leaders have been signaling a willingness to cut a deal — even if it means agreeing to some form of tax hike — Democrats are digging in against any meaningful changes to out-of-control entitlement programs.
The Republicans should just say we will not raise taxes in a down economy it is not only illogical but economically corrupt...and stick to it...Obama thinks he can blame this on the House Republicans...get out on the talk shows...and new media and explain and quit hiding...if we go over the cliff then blame Obama every inch of the way and demagogue as best you can saying "Obama ruined Christmas for everyone"...
It has always been about the spending. The horse is out of the barn now and the Republicans don´t have the "want to" to go chase it down and take control. The Republicans are only token opposition at this point. Why isn´t Paul Ryan taking the lead on these issues?
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."
Spineless repubs will cave to higher taxes and no spending cuts. Kick this can down the road until the repubs can be blamed for the remaking of Greece and the dems can stay in power forever. Just pray for the government to be broke before the SS troops start breaking down doors.
Until the pain caused by taking from one group and giving to another is felt by the majority of the populace nothing will change regarding out of control wealth transfer. I don´t use the term entitlements because the problem is more than just the programs it is the special favors to supporters of all kinds that is killing us. An example is the study published yesterday that found Obama bundlers got $9 in grants and subsidies for every $1 they gave to the campaign. Let´s go over the fiscal cliff and let everyone´s taxes go up as well as accross the board cuts in spending. Then you will see the howling by the Obama supporters who actually do pay taxes as they realize their is no free lunch.
again, i think the Repugs should allow 0bama and the Dimms to own the economy and the tax rates. They are in control and need to be held responsible.
The battle should be over the debt ceiling. Once the tax rates are raised, what leverage do the Dimms have at that point?
I slso think allowing the tax rates to raise on the "rich" will allow the Dimms to make a deal on spending, as they can say that there is balanced pain (rich pay more - poor/takers get less)going forward.
The republicans need to fight! Otherwise there is no reason to have them. Obama wanted a fiscal cliff. Now he has one and is feigning upset over. Obama wanted everything postponed until after the election. He got what he wanted.
Now the pubbies need to explain *the math* to the people. Obama´s tax on the rich will raise a whopping $85 billion - which will fund the fovernment for about a week. That is pathetic. But the people don´t know about it because the GOP is too stupid to explain it.
If Patty Murray and other dems want to go over the cliff - let it happen. 2014 is a long, long time from now. Let people get used to paying their fair share...
Earth to IBD... Obama is not talking to GOPers... ergo, they can´t pressure him! The only action GOPers can take is to inform the public that Obama is acting w/out congressional input... but that will be drowned out by Obama´s miscreants in the streets... unions, code pinko & moveon.org, blaming GOP for all the evils we will endure.
I wouldn´t be surprised if the MSM completely stop even interviewing GOPers & only focus on The Agenda.
The average price for the lowest-cost ObamaCare "bronze" plan in eight states is 122% higher than the cheapest plan currently available in those states, according to an IBD analysis of rate filings and a recent Government Accountability Office report. The late July report, largely overlooked by the press, provides detailed information on insurance plans today in all 50 states, from the cheapest plans offered to a 30-year-old nonsmoker to the most expensive plans 55-year-old couples can buy. A separate report from the Maryland insurance department lists the lowest-cost "bronze" plans proposed for ObamaCare exchanges in eight states. Comparing the two
More than 76,000 workers went on the federal government´s disability program in July, according to the latest data from the Social Security administration, bringing the total number of new enrollees this year to 534,038. Although that is down somewhat from the same month last year, enrollment in the Social Security Disability Insurance program remains sharply higher than it has been historically. Since 2009, an average of about 1 million workers have gone on SSDI annually — a 31% increase from the average enrollment over the previous 10 years. As a result, a record 8.9 million workers are now collecting disability benefits
Cost-Shifting: Looks like Detroit might get a federal bailout after all, by offloading its retiree health costs onto federal taxpayers via ObamaCare. It´s a window into why Obama-Care costs will quickly spiral out of control. On Sunday, the New York Times noted that Detroit hopes to push its younger retirees who aren´t yet eligible for Medicare into the ObamaCare exchanges, where many will be eligible for subsidized insurance. Federal tax payers will pick up the tab, rather than those in Detroit.
Mea Culpa: The president is planning a major speech in Illinois Wednesday on economic policy. You don´t need a crystal ball to predict what he´ll say. But here´s what he arguably should say. My fellow Americans, eight years ago, I stood here on the steps of Knox College to deliver a commencement address, and I took the opportunity to lay out my vision for economic opportunity. The speech was an indictment of President Bush´s idea of a go-it-alone "ownership society." The key to America´s greatness, I argued, came from government programs like Social Security
President Obama complained Thursday that "despite all the evidence that the (Affordable Care Act) is working the way it was supposed to for middle-class Americans, Republicans in the House of Representatives voted — for nearly the 40th time — to dismantle it." The line, part of a talk touting all the great things ObamaCare is already doing, got a chuckle out of the audience. But what Obama didn´t say is that he himself has signed three bills that dismantled chunks of ObamaCare.
The avowed purpose of the immigration bill passed by the Senate and pending in the House is to provide a "path to citizenship" for the illegal immigrants in exchange for tough new enforcement measures that would prevent other such incursions in the future. But buried deep within the immigration bill are hidden multimillion-dollar slush funds for left-wing nonprofit groups to provide services to the estimated 11 million illegal immigrants now in the U.S. Once enacted, the slush funds would total almost $300 million over three years and grow over time.
House Republicans plan to vote this week on a bill that would delay ObamaCare´s individual mandate, adding to the one-year delay of the employer mandate the administration already announced. It´s a smart political move, since the law has never been more unpopular. A Gallup survey finds that 52% now disapprove of ObamaCare, up from 45% last November. [snip] But even if President Obama were to sign an individual mandate delay bill into law — highly unlikely — it would be largely meaningless in terms of avoiding ObamaCare´s long-term health care and budget disasters.
In September 2009, President Obama promised the country that "I will not sign a plan that adds one dime to our deficits — either now or in the future." But it turns out Obama did sign such a plan — in fact, ObamaCare could add upwards of 180 billion dimes to the deficit in its first 10 years, an IBD analysis of various official budget reports found. According to the Congressional Budget Office´s initial forecast made in March 2010, ObamaCare was supposed to cut the deficit a total of $124 billion in its first decade.
Regulation: We don´t often find ourselves agreeing with what most lawmakers say, but this week was an exception when a congressman explained why he wanted to prevent a federal ban on traditional light bulbs. "If the new energy-efficient light bulbs save money, and if they´re better for the environment, we should trust our constituents to make the choice on their own to move toward these bulbs," Rep. Michael Burgess, R-Texas, said. "Let the market decide." Imagine that! Trust consumers. Let the market decide. A common-sense idea that expresses basic economic principles. But such simple wisdom...
The Health and Human Services Department earlier this year exposed just how vast the government’s data collection efforts will be on millions of Americans as a result of ObamaCare. Sen. Max Baucus, D-Mont., asked HHS to provide “a complete list of agencies that will interact with the Federal Data Services Hub.” The Hub is a central feature of ObamaCare, since it will be used by the new insurance exchanges to determine eligibility for benefits, exemptions from the federal mandate, and how much to grant in federal insurance subsidies.
When Regal Entertainment Group in April blamed ObamaCare for the fact that it was cutting some of its workers’ hours, backers of the law mounted a furious backlash against the theater chain, among other things filling its Facebook page with boycott threats. “Greed and selfishness make me sick,” one of them said. [snip] Yet while private companies are getting all this unwelcome and hostile attention, local governments across the country have been quietly doing exactly the same thing — cutting part-time hours specifically so they can skirt ObamaCare’s costly employer mandate
Immigration Reform: The Senate on Tuesday voted against tough border security measures that it promised to put in place years ago. Tell us again why we should trust them to secure the borders later after granting amnesty first. In a pair of votes, the Senate turned down a border fence it promised to build seven years ago and a biometric entry-exit system it promised to put in place 17 years ago. The history of these previous efforts to secure the nation´s borders is illuminating.
White House insiders say President Barack Obama is in “a funk” about what he sees as increasing stagnation and failures surrounding his second term and some worry that the President is becoming more distant and distracted. “He’s not the same Obama that came to the Oval Office after the 2008 elections,” a senior White House aided confided to friends in an email recently. “I’m worried.” Chicago Mayor and former White House chief of staff Rahm Emanuel tells friends that the Presidency has changed his longtime friend Obama and many of those changes are “not good.”
Citing a potential al Qaeda attack, the State Department on Friday issued a worldwide travel alert and warned American citizens that the terrorist group may be plotting a strike in the Middle East, North Africa or elsewhere. “Current information suggests that al Qaeda and affiliated organizations continue to plan terrorist attacks both in the region and beyond, and that they may focus efforts to conduct attacks in the period between now and the end of August,” reads a portion of the alert, which lasts until the end of the month.
Executive Director of Mayors Against Illegal Guns Mark Glaze gave some ambiguous and potentially dangerous self defense advice Friday on “Hardball.” Glaze, speaking in opposition to “Stand Your Ground” laws, said in a circumstance where someone “comes at you” with an axe handle one should attempt to either “talk,” “fight with your fists,” “run away,” or “deescalate the situation,” but not shoot the attacker: MARK GLAZE: Very often somebody will come at you. They might want to have a fistfight. They might come at you with an ax handle. CHRIS MATTHEWS: Would you consider the guy with the ax handle armed or not?
[Video] Rapper Jay Z appearing on HBO´s "Real Time" with Bill Maher says that the black community wants upward economic mobility rather than a stronger police presence. In a conversation with former Congressman Barney Frank about police tactics such as stop-and-frisk, Jay Z suggests the stagnant economy and wealth inequality could cause widespread social unrest: "The real problem is there´s no middle class, right? So the gap between the have and have-nots is getting wider and wider... It´s gonna be a problem that no amount of police can solve, because once you have that sort of oppression
About 400 area retail and fast-food workers, together with colleagues nationally, participated in a strike Thursday to demand raising the minimum wage to $15 an hour. “If not $15, then something. I mean give us something. I work 36 hours a week and barely make enough to pay my rent, gas bill, light bill. It gets to the point where I barely have enough for lunch sometimes,” said Angel Richardson, 21, who works at McDonald’s. “I’m five months pregnant, what am I going to do in four months? I hope something changes.” The minimum wage is $7.25 nationally and $8.25
You don´t have to be gay or even Russian to feel the wrath of the Russian government´s homophobia. You could go to jail if you are "pro-gay," whatever that means. And that´s under just one of a growing number of hate-infused bills becoming law at a time when, as it happens, Russia is preparing to host the world in the next Winter Olympics. The perverse anti-gay legislation is inflaming an atmosphere of persistent intimidation and at times deadly violence against Russian gays and lesbians. The question now is: What should the rest of the world do?
Rep. Charlie Rangel (D-NY) suggested on Friday morning that the tea party movement is comprised of the same types of people who fought against the civil rights movement during the 1960s. Speaking with the Daily Beast, Rangel said of the movement: “It is the same group we faced in the South with those white crackers and the dogs and the police. They didn’t care about how they looked. He added that the tea party movement can be defeated similar to how the civil rights movement eradicated Jim Crow mentality: “It was just fierce indifference to human life that caused
The nation´s most active death penalty state is running out of its execution drug. The Texas Department of Criminal Justice said Thursday that its remaining supply of phenobarbital expires in September and that no alternatives have been found. It wasn´t immediately clear whether two executions scheduled for next month would be delayed. The state has already executed 11 death-row inmates this year, and at least seven more have execution dates in coming months. "We will be unable to use our current supply of phenobarbital after it expires," agency spokesman Jason Clark said. "We are exploring all options at this time."
A dart game that used President Obama´s face for target practice at a county fair in New York state is being dismantled today. Fairgoer Abigail Czapsky submitted photos of the booth at Otsego County Fair to HuffPost yesterday, which show President Obama´s face lined up alongside yellow stars in a dart game. According to Czapsky´s Facebook page, following yesterday´s HuffPost story the booth has now taken down the offensive targets. Czapsky says the Otsego County Fair Board called her to apologize about the booth and explain that it was being taken down. Not one individual on the fair board
In warning about possible al Qaeda attacks against Americans overseas, U.S. officials may have provided too much detail about intercepted chatter and the source of the information, and that may make it more difficult to get such tips next time, former and current intelligence officials say.On Friday, the U.S. State Department issued a worldwide travel alert for Americans, citing an unspecified al Qaeda threat. The bulletin said that the highest threat levels are the Middle East and North Africa, “and possibly occurring in or emanating from the Arab Peninsula.”
After purchasing the Boston Globe in 1993 for a then-record $1.1 billion, the financially troubled New York Times just announced it sold the 141 year-old paper to Boston Red Sox owner John Henry for a mere $70 million. That´s a straight 93% loss. Figuring in two decades of inflation would only make it worse -- as does the fact the Times retains the Globe´s pension liabilities, estimated at over $100 million. (snip) What might have sweetened the lower offer for the Times is that Henry offered a straight cash deal, which is expected to close sometime in September or October.
Two beliefs continue to shape debate on Obamacare. First, pre-existing medical conditions shouldn’t prevent people from obtaining affordable health insurance. And second, people who don’t want health insurance shouldn’t be forced by the government to purchase it. These may seem to be reasonable positions. But they are incompatible. That’s been shown by historical events, and it’s now being strikingly confirmed by recent experience in the emerging Obamacare insurance exchanges. The crux of the matter is what economists call the adverse-selection problem. Uninsured people with pre-existing conditions often face tens or even hundreds of thousands of dollars in