May 28, 2017

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 […]

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.

Hitting the Limit: A Financial Argument for Limiting Government [Contributor]

Tyler Lees is a conservative engineer and train nerd from Midvale, Utah.You can follow him on Twitter as @ThePacificSlope. After he and I discussed on Twitter the necessity of establishing priorities for government in order to cut spending, I invited Tyler to share his view on the topic in a format longer than Twitter’s 140 characters. The following are his thoughts.

I believe that there is a practical limit to how big government can get, irrespective of ideological points of view. Let me explain. [cont…]

Downgrade.

From the S&P report (via HollyontheHill): Political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. Thestatutory debt ceiling and the threat of default have becomepolitical bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, […]

Why did the GOP lose NY-26? Not the reason you think.

The winning Democrat only won with 47%, just one point less than Barack Obama got in the district in 2008. Not exactly an awe-inspiring performance. Democrats won only because a third-party candidate—self-proclaimed tea partier Jack Davis—spent a reported $3 million of his own money. Absent Mr. Davis as a spoiler—he got 9% of the vote—Democrats […]

From the WSJ: “Republicans and Mediscare”

The reality is that Medicare “as we know it” will change because it must. The issue is how it will change, and, leaving aside this or that detail, the only alternatives are Mr. Ryan’s proposal to introduce market competition or Mr. Obama‘s plan for ever-tightening government controls on prices and care. Republicans who think they […]

Cutting Non-Defense Discretionary Spending Just Isn’t Enough

Cutting discretionary spending alone is not going to solve our fiscal woes. Entitlement reform must happen if we’re to maintain our economic strength. That, or raise taxes. A lot. Related articles When is $100 billion not enough? (lawafterthebar.wordpress.com) Adding up the Federal Balance Sheet (lawafterthebar.wordpress.com) The answer to why Americans are OK with more spending […]