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44th President of the United States
An Economic Time Bomb
Even if Congress does nothing, tax hikes will hit hard a year from now
By PETE DU PONT WSJ, 26 January 2010
Weather-wise it has been a very cold January, and politically the Scott Brown Senate victory has chilled Washington even further for Democrats. But if the Democratic economic policies continue nevertheless, this year will be nothing like the bitter economic January we will be living in a year from now.
Government spending has already hugely increased, and so has the size and scope of government, but next year there will also be substantial tax increases for a great many Americans. The first reason will be the expiration of the Bush tax cuts . The top personal income tax rate will rise next Jan. 1 to 39.6% from 35%, a hike of nearly one-eighth. The dividend tax rate will rise to 39.6%, more than 2½ times the current 15%. And the capital gains tax rate will rise by a third, to 20% from 15%. If the House health care bill had passed, all three of these rates would have risen to 45%. READ MORE
The Fall of the House of Kennedy The battle over who defines the work and institutions that make a nation thrive and grow.
By Daniel Henninger, WSJ Opinion 21 Jan 10
Scott Brown's victory in Massachusetts will not endure unless Republicans clearly understand the meaning of "the machine" that he ran against and defeated.
Yes, it is about a general revulsion at government spending, what is sometimes called "the blob." But blobs are shapeless things, and in the days ahead we will see the Obama White House work hard to reshape the blob into a deficit hawk. Unless the facade is ripped away, the machine will survive.
The revolt against the machine began with voters' 2006 ouster of the Republican majority in Congress for making a mockery of fiscal rectitude. An angry electorate then swept Barack Obama into office. Now Mr. Obama is saying voters elected him on the same wave of anger that elected Scott Brown. Sorry, but Messrs. Obama and Brown are not surfing in the same political ocean. READ MORE
Don't Say You Haven't Been Warned or You Didn't Know...... READ THIS ARTICLE
The Left and Terror
By J.R. Dunn, American Thinker, November 08, 2009
The Jihadis will return. We know this, in the same way that we know about death and taxes. Thanks in large part to the weakening of our defensive efforts under the new administration, there will be further attacks against this country's population, perhaps even worse than those of 9/11. (This week's attack by Nidal Malik Hasan serves to underline the threat.)
When this attack occurs, we will see an end to all the nonsense. Our present drift regarding terror policy is occurring only because Americans have been encouraged to put unpleasant realities at a distance, to live in a dream world where all the bad stuff happens to other people. 9/11 has ceased to signify. Terrorism has become a matter of bad manners. As my grandfather might have put it, this country is in for a rude awakening.
When it comes (and sad to say, it will need to be even worse than the Hassan attack) people will want answers and action. They will get both. Few things move faster than a frightened politician, particularly a politician frightened by his own constituents. Fearful pols will see to it that current efforts to undermine American security will come to an abrupt halt. The law enforcement paradigm will be overturned. The attempts to "Mirandize" Islamist terrorists -- to turn them into esoteric versions of American street criminals, protected by the same legal constraints -- will cease. Contingent efforts to criminalize American security officials doing their best to protect the country will be curtailed. All the deeply complex questions fabricated over the past few years will be abruptly simplified.
But there is one thing that will not be addressed: the role of the American left. READ MORE
by Thomas Sowell, TownHall.com Tuesday, October 27, 2009
"Just one year ago, would you have believed that an unelected government official, not even a Cabinet member confirmed by the Senate but simply one of the many "czars" appointed by the President, could arbitrarily cut the pay of executives in private businesses by 50 percent or 90 percent?
Did you think that another "czar" would be talking about restricting talk radio? That there would be plans afloat to subsidize newspapers-- that is, to create a situation where some newspapers' survival would depend on the government liking what they publish?" READ MORE
Bush Deficit vs. Obama Deficit in Pictures - Posted March 24th, 2009 at 10.20 AM in Ongoing Priorities.
"President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious. The Washington Post has a great graphic which helps put President Obama’s budget deficits in context of President Bush’s." Read More