Entries by newseditor
Tax Warning: Will Barack Obama Do to America What Leftists Already Have Done to Illinois…and England…and…?
Now that the debt-limit fight is basically over (the Senate will join the House in approving it later today), we need to immediately prepare for the next stage in the fight to stop big government and restore economic liberty. President Obama and other leftists clearly have signaled that they want the new “super committee” – […]
Why I Opposed the Debt Limit Increase
This act increases the debt limit by between $2.1 and $2.4 trillion, the biggest explosion of debt in American history. It allows the government to avoid spending reductions for the next two years while squandering our last best hope of averting a sovereign debt crisis. I am opposed to this measure for the following reasons: […]
Limbaugh: Don’t Be Fooled — Debt Deal Means More Taxes
Whether the deal to reduce the government deficit passes or not, says radio talk-show host Rush Limbaugh, the American people are still going to get a tax increase. “Any way you slice it you are going to get tax increases. That’s how screwed we are,” he said. Limbaugh blames the complex accounting done by the […]
Moody’s: Neither debt plan protects the nation’s AAA rating
The “limited magnitude” of both debt plans put forward by congressional leaders would not put the nation’s AAA credit rating back on solid footing, Moody’s Investors Service announced Friday. “Reductions of the magnitude now being proposed, if adopted, would likely lead Moody’s to adopt a negative outlook on the AAA rating,” the credit rating agency […]
Boehner, McConnell Agree to Let Obama Borrow Another $2.4 Trillion
House Speaker John Boehner (R.-Ohio) and Senate Minority Leader Mitch McConnell (R.-Ky.) have reportedly agreed to give President Barack Obama the authority to borrow as much as an additional $2.4 trillion—thus allowing him to get past the November 2012 election without having to seek another increase in the legal limit on the federal debt. A […]
Deconstructing the Revenue Side of the Debt-Ceiling Deal: Yes, There’s a Real Threat of Higher Taxes
Politicians last night announced the framework of a deal to increase the debt limit. In addition to authorizing about $900 billion more red ink right away, it would require immediate budget cuts of more than $900 billion, though “immediate” means over 10 years and “budget cuts” means spending still goes up (but not as fast […]
We’ve Been Played for Saps, Folks: Boehner Bill Will Become Reid Bill
RUSH: I think we’ve been played for a bunch of saps, I mean not us exclusively, I just mean the whole country, the Republican Party, ruling class. I’ll explain as uncomfortable as it is and as grading as it is, I’ll explain as the program unfolds it’s great to have you here as always telephone […]