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Thousands of government union employees demand tax increases

By Steve McGough / April 21, 2010 /

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.

Washington experiences lower tax revenue after cigarette tax hike

By Steve McGough / March 8, 2010 /

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.

Obama’s 2011 budget

By SoundOffSister / February 4, 2010 /

The President proposes to spend $3.8 trillion of your money in the 12 months between October 1, 2010 and September 30, 2011.  Some will focus on the $1.6 trillion deficit this will create just for the 2011 budget.  We are told that amount of government spending is unsustainable, particularly when coupled with the $1.4 trillion deficit Obama gave us…

Senate votes to increase debt ceiling $1.9 trillion – That’s 15%

By Steve McGough / January 28, 2010 /

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.

Dodd declares – economic crisis ended when Obama took office

By Steve McGough / December 7, 2009 /

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…

Feingold considers defunding Obama’s war

By Jim Vicevich / December 6, 2009 /

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…

Uh Oh

By Jim Vicevich / March 20, 2009 /

The CBO is projecting the White House underestimated the deficit by more than $2 trillion dollars from 2010 to 2019. The administration is expecting the budget deficit to total $7.0 trillion from 2010 to 2019, but CBO is expecting a total deficit of $9.27 trillion. But here’s the kicker … Nancy “Pay Go” Pelosi doesn’t…

Looking for your state refund… how about an IOU?

By Steve McGough / January 1, 2009 /

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…

California budget ballons 40 percent in four years – still running out of cash

By Steve McGough / December 23, 2008 /

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.

Wow – Bush Unveils $3.1 Trillion Budget for 2009

By Steve McGough / February 4, 2008 / Comments Off on Wow – Bush Unveils $3.1 Trillion Budget for 2009

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…