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Meet the Debt Generation … Generational theft 101.
While this country is involved in discussions (held mostly in secret) concerning our ever increasing debt, and ever increasing spending, perhaps we should look to what the liberals in Canada did. Yes, you read that correctly, the liberals.
I heard a radio ad today promoting Gov. Dannel Malloy’s (D-Conn.) budget plan which mentioned some sort of “Do the Math” website. OK, let’s do some federal math. If you confiscated every dime from US taxpayers with returns that showed an adjusted gross income (AGI) of more than $1,000,000, how many days could the federal…
Michael Walsh is in-studio today and we’ll be discussing his New York Post article out this morning. He’s also promoting the release of one of his earlier novels available for your Kindle and Kindle apps.
While Congress debates whether to increase taxes on the “rich” (yes, allowing the Bush tax cuts to expire is a tax increase), it it worth reflecting on the words of the late economist, Milton Friedman. Politicians will always spend every penny of tax raised and whatever else they can get away with. And, a study done…
With the federal legislative session not exactly in full swing, you have plenty of time to review President Obama’s bi-partisan commission’s “how to reduce the debt” draft report. Unfortunatley, I don’t have time to read much this evening, but I wanted to provide you a link to the PDF for your reading pleasure.
Reams have been written about extending, or not, the Bush tax cuts. Many in Washington claim, now that the election is upon us, that something must be done to reduce the deficit, and, we are presumably led to believe that increasing taxes on the very wealthy is the answer.
This is a perfect example of why, when a Congressman knows his stuff, he can handle even the dumbest questions. Matthews demands, name one item you will cut from the budget. Ryan, I’ll name more than one. Here we go.
Democrats have laughingly suggested we will lower costs, increase services and ensure everyone is covered all while spending less and not increasing adding to yearly deficits or the debt. Pipe dreams may come true, but the New York Times tells us about the real math in an Op Ed piece … and conveniently buries it.