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This my friends, is astroturfing. Just look at all the coordinated signs and T-shirts. Busloads of government union employees gathered in the Illinois state capital to demand lawmakers increase the income tax by 33 percent.
The Laffer Curve brought to you in Technicolor™. Even though Washington, D.C. is one of the few cities in the country where employment growth is happening, the city has experienced a severe drop in cigarette excise tax revenue after increasing the tax 25 percent.
More than a week ago, I told you about a Democrat proposal to increase the debt ceiling for the federal government by a whopping 15 percent from $12.4 trillion to $14.3 trillion dollars. The Senate just voted to go with the plan, and they voted exactly down party lines – 60 to 40.
Just received an e-mail update from Sen. Chris Dodd (D-Conn.). It seems as though our economy is still “feeling the effects of last year’s crisis.” Now, last year was 2008, and this year is 2009. I guess he figures since President Obama took office, the crisis must have ended and it was – of course…
I think we’ve seen the Democrats walk down this road before, unsuccessfully. It’s just a little ear popping to hear it from a Democrat about a Democrat’s war policy. Three things to note as you listen to this. First, Senator Feingold says he has support but never mentions any names. So expect he means the…
I’m note sure how to even comment on this one. From what I read, California went through a similar situation in 1992 where state workers – in lieu of a paycheck – got an IOU from the state and the employees were able to go to the bank and cash the IOU. Now, with more…
Where have we heard this type of rhetoric before? A California state official is claiming the state is going to run out of cash in 60 days unless the legislature and Gov. Arnold Schwarzenegger get on the same page and make some changes.
Can you believe this? Can you comprehend how much money one trillion dollars is? That’s 1,000 billion dollars. Now times that by more than three. For reference, in 2002 we broke the two trillion dollar mark. That means – no matter how you look at it – the federal government has grown almost 36 percent…