READING ASSIGNMENTS
Control Act Would Help Congress Rein in Spending and Deficits
by Brian M. Riedl
WebMemo #2669
As federal spending and budget deficits soar to percentages of the economy unseen since World War II, lawmakers must make spending restraint a top priority. This requires the political will to make difficult choices, as well as a budget framework that promotes responsible budgeting. Representatives Paul Ryan (R-WI) and Jeb Hensarling (R-TX) have authored the Spending, Deficit, and Debt Control Act to provide such a framework. This bill would:
Create a process for bringing long-term sustainability to Social Security, Medicare, and Medicaid;
Cap federal spending and require that Congress reduce the budget deficit;
Give the budget resolution the force of law;
Create commissions to reduce wasteful spending; and
End government shutdowns.
by Brian M. Riedl
WebMemo #2669
As federal spending and budget deficits soar to percentages of the economy unseen since World War II, lawmakers must make spending restraint a top priority. This requires the political will to make difficult choices, as well as a budget framework that promotes responsible budgeting. Representatives Paul Ryan (R-WI) and Jeb Hensarling (R-TX) have authored the Spending, Deficit, and Debt Control Act to provide such a framework. This bill would:
Create a process for bringing long-term sustainability to Social Security, Medicare, and Medicaid;
Cap federal spending and require that Congress reduce the budget deficit;
Give the budget resolution the force of law;
Create commissions to reduce wasteful spending; and
End government shutdowns.
LIVE from Aboard the Tea Party Express II
I'm going to let the cat out of the bag. I confess.
I'm going to let the cat out of the bag. I confess.
The Documents That Bind Americans Together
pajamasmedia.com - Though the left tries to divide us, Americans from all walks of life are united by a common heritage founded on liberty.
In order to recover the American culture we've allowed radicals to attack and disperse, we are going to have to return to the Founders and the papers they left us over two centuries ago. And we must do this understanding that ... read more
pajamasmedia.com - Though the left tries to divide us, Americans from all walks of life are united by a common heritage founded on liberty.
In order to recover the American culture we've allowed radicals to attack and disperse, we are going to have to return to the Founders and the papers they left us over two centuries ago. And we must do this understanding that ... read more
Republican Party Identity Politics: A Lesson from the Failed Scozzafava Campaign
pajamasmedia.com - The Republican Party has decided that the party needs more women. A woman, any woman, will do. Enter Dede Scozzafava. She seems to have all the credentials the Republican Party is looking for: female reproductive organs. She supports abortion, big government, ACORN, and unions. In most places, hell, even in New York, that makes her a Democrat.... Read full article ยป
pajamasmedia.com - The Republican Party has decided that the party needs more women. A woman, any woman, will do. Enter Dede Scozzafava. She seems to have all the credentials the Republican Party is looking for: female reproductive organs. She supports abortion, big government, ACORN, and unions. In most places, hell, even in New York, that makes her a Democrat.... Read full article ยป
DID YOU KNOW ABOUT THE GOVERNMENT MONEYHOLE?
For those who were interested in FREE CELLPHONES for the poor. Have a look
You are now a RACIST
If you do not want OBAMA-CARE
If you do not want OBAMA-CARE
TAXING ACHIEVEMENT
By Neal Boortz
November 2,
A must-read blog every day in preparation for the show is Cato@Liberty. There you will find information like this ... KPMG released its latest global survey of corporate tax systems. Sounds like a real snoozer, right? Well that's why you have me. I'm the guy who wrote a New York Times best seller about taxes.
So back to this survey ... for the 10th year in a row, the average corporate tax rate world-wide has fallen. Now it rests at 25.5%. But that's the average. This means that some countries have a corporate tax rate higher than 25.5% and some less. So ... where is the United States? Well, we're stuck. Stuck at 40% .. where we've been for quite some time. Only one country has a higher corporate tax rate than the United States; Japan.
In case you haven't noticed .. .the world is shrinking. Businesses and businessmen find it easier to move around the world in search of advantageous business climates. In a world of instant communications; in a world where no business hot spot is more than one day's travel from another ... why would a company continue to subject itself to a confiscatory tax rate when it can simply move?
This, of course, brings me to the FairTax. Right now we have the second-highest corporate tax structure in the world. But what would happen if we had the lowest? In fact, what might happen if businesses could operate in the United States without any tax component on capital or labor? What if corporate leaders never had to consider the tax implications of any decision? What if business decisions could be made on the basis of what is good for the company, the stockholders, the employees and the customers, rather than on how to minimize tax consequences. This would be life under the FairTax.
Right now you can bet that business owners are contemplating ways to escape the coming increases in tax rates in the United States. The response will be to move more jobs and more business out of the country. Sure, The Community Organizer will try to find a way to erect some sort of an economic Berlin Wall to keep American wealth from fleeing tax tyranny, but it will only be partially effective. Why not try to attract wealth, rather than looking for ways to chase wealth away?
Well, you know the answer; don't you? To attract wealth the political class must transfer power to the private sector. That isn't going to happen; not with the looters in charge. The game here is power, not the economic welfare of the American people. The FairTax would be the greatest transfer of power from government to the people in the history of our Republic. You don't' see very many people with a "D" after their names who like that idea.
By Neal Boortz
November 2,
A must-read blog every day in preparation for the show is Cato@Liberty. There you will find information like this ... KPMG released its latest global survey of corporate tax systems. Sounds like a real snoozer, right? Well that's why you have me. I'm the guy who wrote a New York Times best seller about taxes.
So back to this survey ... for the 10th year in a row, the average corporate tax rate world-wide has fallen. Now it rests at 25.5%. But that's the average. This means that some countries have a corporate tax rate higher than 25.5% and some less. So ... where is the United States? Well, we're stuck. Stuck at 40% .. where we've been for quite some time. Only one country has a higher corporate tax rate than the United States; Japan.
In case you haven't noticed .. .the world is shrinking. Businesses and businessmen find it easier to move around the world in search of advantageous business climates. In a world of instant communications; in a world where no business hot spot is more than one day's travel from another ... why would a company continue to subject itself to a confiscatory tax rate when it can simply move?
This, of course, brings me to the FairTax. Right now we have the second-highest corporate tax structure in the world. But what would happen if we had the lowest? In fact, what might happen if businesses could operate in the United States without any tax component on capital or labor? What if corporate leaders never had to consider the tax implications of any decision? What if business decisions could be made on the basis of what is good for the company, the stockholders, the employees and the customers, rather than on how to minimize tax consequences. This would be life under the FairTax.
Right now you can bet that business owners are contemplating ways to escape the coming increases in tax rates in the United States. The response will be to move more jobs and more business out of the country. Sure, The Community Organizer will try to find a way to erect some sort of an economic Berlin Wall to keep American wealth from fleeing tax tyranny, but it will only be partially effective. Why not try to attract wealth, rather than looking for ways to chase wealth away?
Well, you know the answer; don't you? To attract wealth the political class must transfer power to the private sector. That isn't going to happen; not with the looters in charge. The game here is power, not the economic welfare of the American people. The FairTax would be the greatest transfer of power from government to the people in the history of our Republic. You don't' see very many people with a "D" after their names who like that idea.
The climate change summit in Copenhagen is just weeks away .. and apparently nothing major is expected to happen because the Obama and the Democrats have failed to pass cap-and-trade legislation in the United States.
A few more reasons why cap-and-trade would be disastrous for our economy.
European leaders want a global fund so that rich nations can contribute and help developing nations fight climate change.
Annual Medicare fraud: $60 Billion; annual profits of top ten insurance companies: $8 billion