by George Landrith
With a long history of federal overspending and the recent explosion of more federal debt, it is obvious that the federal budget must be cut back to a reasonable size. We need an intervention. But the Budget Control Act — which would force an “automatic sequester” of $500 billion in across-the-board defense spending cuts over the next decade, in addition to the $487 billion in defense cuts already scheduled — is not a good solution to our spending crisis. Continue reading
“After the phony cliff, we face the terrifying one.”
by Conrad Black
Last week, Fareed Zakaria and Charles Krauthammer appeared in Toronto (where I live much of the time), and while I did not go to their main debate, I went to a tasting of it at a luncheon. There was, I regret to write, as a longstanding friend of both of them, a surreal aspect to the exchange. After the usual compliments one exchanges (as I know from my time on that circuit), they embarked on a dialogue of the deaf, and a mutual flight, joined at the wingtip like Jurassic pterodactyls, soaring above the mighty chasm of American fiscal problems below. The otherworldly discussion of whether the Republican leaders in Congress will reach an agreement with the president about the automatic expiration of the Bush tax cuts of a decade ago vastly overshadowed the issue of reinserting spontaneous growth into the U.S. economy and grappling with the deficit at last. Continue reading
With the budget and fiscal crisis facing the United States and difficult economic times surely ahead for the foreseeable future, President Barack Obama has vociferously argued that Republicans must agree to tax increases. He argues for what he terms are modest tax increases on the wealthiest Americans that are equal to the tax rates during President Bill Clinton’s time in office. Why is Obama only interested in Clinton era tax rates, but not Clinton era federal spending rates? Continue reading
“A troubled and afflicted mankind looks to us, pleading for us to keep our rendezvous with destiny; that we will uphold the principles of self-reliance, self-discipline, morality, and—above all—responsible liberty for every individual that we will become that shining city on a hill. I believe that you and I together can keep this rendezvous with destiny.”
by Scott L. Vanatter
Ronald Reagan formally announced his presidential candidacy with an address which was nationally televised on November 13, 1979. He began by relating that he saw “our country [as] a living, breathing presence, unimpressed by what others say is impossible, proud of its own success, generous, yes and naïve, sometimes wrong, never mean and always impatient to provide a better life for its people in a framework of a basic fairness and freedom. . . .”
Reagan stated prime solution to economic the nation’s economic problems, “The key to restoring the health of the economy lies in cutting taxes.”
After telling why this works, he taught the nation what the Federal government should and should not do. “The 10th article of the Bill of Rights is explicit in pointing out that the federal government should do only those things specifically called for in the Constitution. All others shall remain with the states or the people. We haven’t been observing that 10th article of late. The federal government has taken on functions it was never intended to perform and which it does not perform well.” Continue reading
We’re Americans and we have a rendezvous with destiny.
by Scott L. Vanatter
Ronald Reagan sought to dethrone a sitting president, though unelected, Gerald Ford. He laid out his case in a major televised campaign address on March 31, 1976 entitled, “To Restore America.” While he failed to secure the nomination, he set the scene for success just four years later.
One of Reagan’s initial critiques of the politics of 1976 was the top line issue of what things the Federal government should tackle. Or not. His point is that there are some things which the Federal government does not do well, and some things it should not do at all. “The truth is, Washington has taken over functions that don’t truly belong to it. In almost every case it has been a failure. Now, understand, I’m speaking of those programs which logically should be administered at state and local levels.” Continue reading
by Samuel P. Jacobs
In 2008, singer will.i.am provided Barack Obama’s presidential campaign with music for its signature anthem, “Yes We Can.” On Tuesday, at a rally for Obama in Columbus, Ohio, the performer chose to play something new: the theme song for “Sesame Street.”
For Obama’s supporters, already dismayed by the president’s halting performance in last week’s debate with Republican Mitt Romney, that change in tune is a new source for concern as they fret that a children’s TV show has become a new backdrop for their candidate’s campaign. Continue reading
On behalf of the millions of members and supporters of our organizations, we are writing to offer our strong support for S. J. Res. 48, your resolution of disapproval of the IRS premium tax credit rule.
This rule amounts to an illegitimate backdoor rewrite of the president’s health care law and the imposition of an unauthorized tax on employers of up to $2,000 per worker. We therefore urge all of your colleagues to support S. J. Res. 48.
The president’s health care law, the Patient Protection and Affordable Care Act (PPACA), attempted to coerce states into administering its vast new health care entitlement by offering huge subsidies that were contingent on states setting up “exchanges,” new health care bureaucracies. Continue reading
by Bernie Woodall and Paul Lienert and Ben Klayman (Reuters)
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce. Continue reading
The Tenth Amendment: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
The Tenth Amendment protects Americans from big, intrusive federal government action. The heart of the Tenth Amendment is that the federal government has only those powers explicitly listed in the Constitution and all other powers are reserved to the States and to the people, and therefore explicitly denied to the federal government. Continue reading
by George Landrith
As a rock-ribbed conservative, I support the entrepreneurial dynamism of free markets. I believe entrepreneurs are more likely than government bureaucrats to build successful businesses and provide stable, good-paying jobs. I oppose government interference in the marketplace. I want government to spend less, interfere less, do less, and tax less.
So when a few fellow conservatives criticize plans to reauthorize the Export-Import Bank on grounds that it is just another costly government corporate welfare program, why do I strongly disagree? The answer is simple – the Ex-Im Bank is none of the things some of my fellow conservatives claim. Continue reading