January 20, 2018

C is for Comeback America by David Walker

Sometimes, I’m a cynic. For example, I don’t trust that Democrats care as much about the Second Amendment and gun regulation, immigration reform, or gay marriage as they say (heck, I’m not even sure Republicans care as much as they say, either, but that’s another post). I think they’re, largely, cherry picking issues that they […]

Senator Hatch’s anti-tax hike sequester proposal [updated]

[Update] Since original publication, Senator Hatch’s Press Secretary was kind enough to both read and comment that the Senator’s proposal is only intended to be a short term fix and that the Senator has proposed more long term solutions to Medicare and Medicaid. The proposal dates back to the end of January and can be found […]

Entitlements are…earned? [video]

Someone tell me this isn’t a scene from the movie version of Atlas Shrugged…

Rep. Sheila Jackson Lee (D-Texas) on the house floor “reminds” her collegues that entitlements are “earned.”

Our problem isn’t the taxes, but the spending

Is it time for Republicans trying to avert the fiscal cliff to give up on protecting the Bush tax cuts for the wealthy in exchange for entitlement reform?

Maybe a better question would be: do Republicans still have a choice?

In many respects, the debate over taxes–raise them on the rich! Lower on the poor! Middle class! Get rid of deductions! Close loopholes! Reform the tax code!–is important, but really misses the point of what is behind the fiscal problems our country is facing. At the root of it all, the problem isn’t the tax code–though I’m all for reforming it, simplifying it, and making it more flat–the problem is that we are spending more than we are paying in taxes. And I mean, ALL of us.

Losing sight of the forest for the trees

The state of the debate, says the Economist, is poor, though. On the right, taxes can never balance the deficit (even though the Economist cites Milton Friedman just a sentence before) and expansive spending is justified for prisons, national security, and big business subsidies. On the left, reform is impossible, with Obama methodically “unpicking welfare reform” passed over the last twenty years, including under President Clinton’s administration. Further, “Mr Obama seems to think the public sector is inherently more moral than the private one. Companies are at best cows to be milked, at worst prey to be hunted.” [cont…]

Public roads to nowhere [Contributor]

Democrats love talking about roads when they are actually talking about something else. Listen to Massachusetts senate candidate (and progressive heart-throb) Elizabeth Warren: “There is nobody in this country who got rich on his own. Nobody. You built a factory out there—good for you! But I want to be clear. You moved your goods to market on the roads the rest of us paid for.” Hear this echo from President Obama: “If you were successful, somebody along the line gave you some help.… Somebody invested in roads and bridges. If you’ve got a business—you didn’t build that. Somebody else made that happen.” [cont…]

Retirement Plans? Private Investment is still Smarter than Social Security

So, which system do you want to be covered by when you retire? One that has paid out an annual return of 6.85 percent or one that’s completely bankrupt and funded from current tax dollars? Apparently, America is split on that question:
50% of the workforce has no private pension coverage.
31% of the workforce has no savings set aside specifically for retirement.

I have only one question if you are part of that 50% or 31%: are you crazy? [cont…]