Barack Obama / Baracks Broken Promises / Economy / Obamanomics / Politics / POWER GRAB!

The Prisoner’s Dilemma [Reader Post]

Calling an upcoming presidential election the most important in our times has become a cliche, but this time I agree with it. The fact that the current election is expected to be close is disturbing at best, and terrifying at worst. The same people who decried George W. Bush’s economy and in 2004 were asking if you’re better off than you were four years ago then are now willing to overlook the fact that the economy is in far worse shape than it was during the Bush presidency.

Barack Obama / Class Warfare / Economy / Obamanomics / Politics / Taxes

It’s Time to Focus on Income Inequality in the United States [Reader Post]

The selection of Paul Ryan as Mitt Romney’s running mate sent a powerful message – that the economy will be the key issue of this election. As I go back and forth arguing with my lefty pals we naturally disagree over what ails our economy. Their arguments are that we’re not doing enough to tax the wealthy and put it in the hands of our government to spread the wealth around and get our economy moving again. I always point out things like our trillion dollar debt, looming entitlements collapse, ever increasing regulation, and continuous threats of higher taxes from an economically illiterate president that are hurting our economy.

Economy / Taxes

How About a Major Tax Policy Overhaul that Could Actually Work? Introducing the Neutral Tax [Reader Post]

After a local Tea Party meeting one of my fellow attendees reached out to me and asked me to look over a proposal he had for tax reform. Given that this city has no shortage of people with grand ideas I was naturally skeptical. But then I read his proposal for the Neutral Tax, and when I was done reading I had just one thought… “What on Earth did this guy just say?” So I read it again, and it started to make sense. I didn’t share my initial reaction to disparage the Neutral Tax – it’s just that it’s such a different idea from anything I had read before that it didn’t sink in on the first reading.

Barack Obama / Economy / Obamanomics / Politics

We Can Balance the Budget. Right Now – No Tricks, No Gimmicks, and No B.S. [Reader Post]

We’ve got a federal debt problem, and our political leaders are not taking it seriously. Granted, Paul Ryan was ready to step up and give us a budget that will eventually get us back on the path to fiscal solvency, but even his suggestions were promptly scorched by our president, whose own budget proposal was such an excellent idea that it got rejected unanimously by the Democrat controlled Senate. One of the biggest problems with getting any kind of spending reforms in Washington is that to most people the federal debt is some distant issue, or worse, something that can and should be paid by somebody else. I want to change that.