Where public policy meets common sense
Posted in Abortion, Deficit, Election 2010, Michelle Rollins on Jul 8th, 2010
As you know, I had endorsed my good friend Kevin Wade for the Congressional seat. I waited a while to take sides after the convention to see what Mr. Wade would do. I have chosen sides. There are rumors of my joining the Urquhart team that I will confirm in my time with a proper [...]
Welcome to the future. Connecticut is a state unwilling to make tough decisions right now and is running nearly a billion dollar deficit. It has been slightly downgraded from AA+ to AA. When it issues its next set of bonds, it will have to pay a higher price to get investors. Policy has consequences. California [...]
A ground breaking study on the relationship of debt to economic growth will be published next month. It is authored by University of Maryland’s own Carmen M. Reinhart and Harvard’s Kenneth S. Rogoff. It is the reason that we are concerned about the increased addition of debt. Our old path had no impact on the [...]
Posted in Deficit on Apr 14th, 2010
Three Apollo Commanders sent a letter which was sharply critical of the President’s space program. “America’s only path to low Earth orbit and the International Space Station will now be subject to an agreement with Russia to purchase space on their Soyuz (at a price of over 50 million dollars per seat with significant increases [...]
Posted in Deficit on Mar 16th, 2010
How much of our tax revenue should go to pay debt service? Moody’s is predicting that we will go over the 14% range and loose our AAA status as a nation. I bet that Moody’s gets some killer audits and changes the standard by then. Losing our AAA rating would mean higher interest rates would [...]
By Robert Romano How hard is it to cut $10 billion out of the $3.6 trillion federal budget? That’s what Senator Jim Bunning (R-KY) wanted to know. It’s a good question: Can the U.S. Senate cut anything at all to pay for new spending? With the national debt now reaching the uncanny heights of $12.4 [...]
Posted in Deficit, Revolutionary Reform on Jan 27th, 2010
If you want real spending reform, change the rules. This is inside baseball, but it may be the way to win the game. Follow me on this. Mandate that all 13 spending bills be out of house committees by the 2nd week of July. Any bills that are not will be combined into a continuing resolution. The bills [...]
Posted in Deficit on Jan 27th, 2010
How about tackling entitlement reform? Why are talking about everything but that? A Presidential and Congressional, bi-partisan commission there would pay dividends. We don’t need to give it extra constitutional powers. We, the people, just need to pay attention. Entitlements are the long run threat to the economy. Any plan which ignores that fact is [...]
How is freezing spending at artificially high levels fiscal conservatism? A freeze (on only 1/6 of the budget) would permanently lock in the baseline that increased with the stimulus bill and past budget. The ruling regime is slick, but the loony left is too dumb to know what they are doing so it may be [...]
Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers. Ron Paul
Posted in Americanism, Deficit, Economics, Energy, Entitlements on Jan 4th, 2010
America is at a point of decision. Some say that we are a power in decline just like Rome of old. The case for decline pretty strong. We have gone from surplus to huge deficits in a decade. We have gone from almost of a third of the world’s GDP to less than a quarter. We have [...]
Posted in Deficit, Healthcare on Dec 21st, 2009
When I had a chance to watch a half hour of Meet the Press between duty calls, I heard the Democrat talking heads saying that the Senate health bill cut the deficit because it only cost 871 billion or so. Every time Gillespie said that it increased the deficit, they would say but CBO says [...]
The laughter that you hear is that of incredulity. Next year, the big spender in chief wants to remake himself after the off year election losses as a deficit hawk. All the while he still plans to push 4 major new government programs. Watch the hand, it is empty. I doubt slight of hand tricks [...]
Posted in Deficit, Economics, Entitlements, Spending on Oct 6th, 2009
How would you like to get $500 just for being born? That is what ASPIRE or the “America Saving for Personal Investment, Retirement, and Education” act would do if enacted. It would provide every person born in America with a $500 savings account. Sounds great right? How about when you stack that $500 up next [...]
Here is the newest and soon to be hottest petition on the Internet from Governor Mike Huckabee. The Constitution starts with “WE THE PEOPLE” and it’s time you start remembering that. American families on a daily basis make hard choices in order to live within their means. Why can’t Congress and our federal government do [...]
Posted in Deficit on Aug 22nd, 2009
In the ultimate Friday news dump, the administration finally admitted that the 10 year deficit relied on optimistic assumptions and projected a $2,000,000,000,000 increase before health care reform and other policy changes. 40% of the people say the deficit should be the top priority in American public policy. The President seems to agree. Then again [...]
Posted in Comment Rescue, Deficit on Aug 12th, 2009
“Also Gramm Rudmanan Hollings proved the point that when spending is controlled, you can get deficit reduction and tax reform. The top tax rate was slashed starting in 1987 and the deficit went down.” (David Anderson) David – what kind of weird history books are you reading? Everything you said in that comment was factually [...]
Hey, America is way over its head in debt, so lets go get some more! In their Wall Street Journal article entitled Geithner Asks Congress to Increase Federal Debt Limit, COREY BOLES and MICHAEL R. CRITTENDEN report that it is basically what our Secretary of Treasury is doing. Something about this stinks, especially when Sec. Geithner is [...]
I was doing some light reading and I came across this little gem from our government called The Monthly Treasury Statement. Below is a chart which summarizes the monthly reciepts and outlays of our federal government. Everyone by now should already be aware of the never before seen trillion dollar annual budget deficit, which President [...]
We have to spend our way out of bankruptcy said Delaware’s finest. I guess Vice President Biden did not read the CBO directors blog. Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds [...]
Posted in Americanism, Deficit, Ethics, History, immigration on Jul 5th, 2009
For a nation, to gain independence is a process. For America, the beginning of that process was signified by the Declaration of Independence on July 4th 1776. Yet, Frederick Douglass reminded America that its independence was not yet complete on July 4th 1854, when he was asked to speak at the commemoration of the Declaration [...]
Posted in Budget, Change, Comment Rescue, Deficit, Delaware Democrats, Open Government, Taxes, Transparency, Waste on Jun 29th, 2009
resolutedetermination over at Resolute Determination has this inspiring report up: I just called the Division of Research at Legislative Hall to get my hands on a copy of the budget. I was told that the public has no right to review the budget until after the General Assembly passes the bill. So how can any [...]
Posted in Budget, Deficit, Delaware GOP, Taxes on Jun 24th, 2009
North Wilmington Republican Representatives Tom Kovach, Greg Lavelle, and Debbie Hudson joined together today to call on the Legislature to reject increases in the personal income tax and short-sighted state employee pay cuts, instead promoting meaningful and sustainable reductions in state expenses.
Posted in Budget, Cathcart, Deficit, Delaware Blogs, Delaware Democrats, Delaware GOP, Jack Markell, Local Media, Republican Party, Taxes, economy on Jun 19th, 2009
For the record, I am happy we have Dick Cathcart and Jack Markell, I really am. These two are absolutely hardballers and having them in opposition right now over the budget is a great thing. There should be fighting over this. Never would I want to see happy bandwagoners supporting something as drastic as this [...]
Posted in Deficit on Jun 10th, 2009
When President Obama called for Paygo, it felt like Santa Claus just came out against materialism at Christmas. I thought it would be interesting to see where the deficit was before Democrats passed Paygo in 2007. Republican spend thrifts 150+ billion dollar deficit. Democrat Congress 400 billion dollar deficit. Democrat Congress and President 1.8 Trillion [...]
News from Gretawire $546, 668 !! (yikes!) “….The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined…” I lifted the above paragraph from USA Today (tipped [...]
Posted in Alternative Fuel, Budget, Change, Deficit, Employment, Energy, Environment, Ethics, Global Warming, Military, National Dems, Obama, Oil, Open Government, Spending, unemployment on Apr 28th, 2009
$328,835 is the pricetag for the White House’s tragically stupid New York City photo-op according to the Air Force. Check it out: The flight by the VC-25, a modified Boeing Co. 747, and two F-16 fighter jets cost $328,835, Air Force spokeswoman Vicki Stein said. $328,835 for a picture at a time when many Americans [...]
Posted in Budget, Deficit, Delaware GOP, Spending, State Senate on Apr 27th, 2009
http://www.delawaresbadhabit.com is the link for a common sense approach for restructuring state government. Senator Colin Bonini points out that if we continued the DuPont Castle budgets the state government would have a 2.1 Billion dollar budget today and not well over 3.2 Billion dollars with a 750 million dollar short fall. We would have a [...]
Posted in Deficit on Mar 21st, 2009
Trillion dollar deficits as far as the eye can see is an unsustainable proposition. The CBO said the really bad news that the administration plans to run 7 trillion dollar deficits is worse. The projected deficit is 9.3 trillion dollars over the next 10 years with the highest non-war deficit to GDP (national production) ever. [...]
Posted in Alternative Fuel, Armed Forces, Change, Deficit, Entitlements, Environment, Ethics, Global Warming, Iraq, National Dems, Stuff, US Congress on Mar 10th, 2009
According to Judicial Watch, House Speaker Nancy Pelosi and her “extended family” are enjoying the benefits of travel via Gulfstream jet on the taxpayer’s dime. Here’s a little preview: The documents also detail correspondence from intermediaries for Speaker Pelosi issuing demands for certain aircraft and expressing outrage when requested military planes were not available. “It [...]
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