Tag: CBO

Celebrating the Stimulus?

We are now five years into the passage of the heralded stimulus bill that was supposed to end all our economic woes. Is it time to celebrate yet? This whole “have-the-government-spend-more-money-and-prosperity-will-result” approach is nothing more than resurrected Keynesian theory. John Maynard Keynes was the economist who became the darling of those who sought to prime the pump of the economy by government expenditure. Richard Nixon, who at one point decided to impose wage-and-price controls on the private sector to resuscitate… Read more »

Another Royal Decree

While it would be nice to turn to a different subject, Obamacare made news again yesterday. The president, apparently from his royal seat in the White House Throne Room, declared that the employer mandate for companies between 50 and 100 employees would now be delayed through 2015. I’ve lost count of the number of alterations to this “law” that Obama has made simply by royal fiat. As much as I’m opposed to the law, I’m equally opposed to the capricious,… Read more »

Obama’s Inconvenient Problems

I know President Obama wants all the problems he and his minions have created just to go away; they’re too inconvenient to his goals. He’s doing his best to act as if they’re inconsequential, but the news doesn’t really get better for him as time passes. Take Obamacare, for instance. This past week, the Congressional Budget Office—always referred to in the news as the nonpartisan CBO—revised its figures of the impact of Obamacare on jobs. It seems it will be… Read more »

Repealing Obamacare

Finally. Debate began yesterday in the House of Representatives over a bill that would repeal Obamacare. Republicans ran on this message for the November elections, so they are holding true to their promise. They are doing what their constituents required of them: The monster has not yet been fully implemented, so now is a perfect time to kill it [oops, I ventured into dangerous dialogue territory—please, don’t anyone take that too seriously. Remember, Sarah Palin is to blame for everything,… Read more »

Beyond Dishonesty

Remember when candidate Obama declared unequivocably that in his adminstration, there would be no tax increases for anyone making less than $250,000 per year? If not, here are his exact words: And I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase–not your income tax, not your payroll tax, not your capital-gains taxes, not any of your taxes Sounds pretty ironclad, doesn’t it? Well, at a breakfast… Read more »