Category Archives: Tax Policy

Some people are grasping at the notion that President Obama can “invoke” the 14th amendment to sell more Debt without Congressional authorization. Looks look at the more closely.    First is the original notion contained in Article 1, Section 8 of … Continue reading →

The “common wisdom” going unchallenged by the media and those talking to the media is “If the US Government defaults, the Stock market will Crash!”   The Sky is falling! I don’t believe that to be true – in fact the … Continue reading →

Any politician who uses the phrase “We need to do X to help pay down the debt” is a liar and thinks you’re stuipd and/or ignorant. [See: President Obama] Nobody is remotely calling for anyone to “pay down” the existing … Continue reading →

Bob maybe likes the idea of a Constitional Amendment to Balance the Budget, but he wants 3 exceptions Define “balanced” to mean not more than 3% of GDP (so if the annual deficit is less than about $500 billion, declare … Continue reading →

http://www.newsbusters.org/blogs/noel-sheppard/2011/07/07/reuters-ignores-projected-august-debt-payments-exclusive-about-preven So NewsBusters thinks Reuters is “spinning” the US Debt Ceiling story by not pointing out that the US Treasury will have the ~$20 Billion to pay the interest on the debt in August.  With $175 billion coming in, $20 … Continue reading →

A while ago, I created a “poll question” based on the actual spending by the Federal Government Poll Normal “Talk Show” cliches about cutting the Federal budget go something like “We should cut off foreign aid!    Shut down the department … Continue reading →

You know – that big pile of IOUs sitting in Al Gore’s Social Security “Lock Box” down in Tim Geithner’s basement. http://www.businessweek.com/news/2011-05-13/medicare-social-security-funds-expiring-sooner-u-s-says.html Between people retiring earlier and dropping social security taxes, the “We’re out of money” date has moved forward … Continue reading →