GregNews

Lately I’ve been bothered over how much conservative pundits seem to surrender ground when fiscal liberals argue to raise taxes or attack the 2003 Bush tax cuts as somehow being the cause of the current debt crisis (a ridiculous notion, as I’ll demonstrate). The opposition generally misunderstands the economic argument, and confuses the facts. As [...]

“If you collect that oil tax and the corporate-jet tax for the next 50 years, you will not yet have offset Obama’s deficit spending for February 2011.” — Charles Krauthammer.

“Anybody who suggested raising taxes on small business so the bloated government doesn’t have to shrink in size can’t get out the door fast enough.” — Doug Powers commenting on rumors the Timothy Geithner plans to resign his post as U.S. Treasury secretary. Perhaps we should change his title to “Comrade” Geithner? Treasury Secretary Timothy [...]

USA Today analysis of government economic reports paints an even more bleak picture than anyone has previously understood. [USA Today] The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid [...]

Today is “Tax Freedom Day,” established by the Tax Foundation and defined by that group as the calendar day of the year where Americans actually keep the first dollar they earn, rather than giving it to the government. “Tax Freedom Day® will arrive on April 12 this year, the 102nd day of 2011. That means [...]