Thought of the Day:
Our President stated yesterday, "This country succeeds...when everyone does their fair share..." Therefore, I recommend that he make everyone pay their "fair share" in taxes by implementing the flat tax or fair tax because according to his statement, having almost half of the nation paying no income tax is definitely not the way to success.
News of Note:
- White House to veto regulation-curbing bill
- Should the UN get involved in US elections? The NAACP says yes
- Facebook flaw exposes Zuckerberg pictures
- Fast and Furious, version 2.0
- Leahy and Smith promise to pass PROTECT IP
- Lawmakers warn more Ft. Hood style attacks possible
- Another botched UN plan
Tonight's Crazy Story:
Caught On Video: Democratic Congresswoman Does Crossword Puzzle On House Floor
Congresswoman Lynn Woolsey found a great time to do her crossword puzzle: during debate on the House floor, while the cameras are focused George Miller, who was speaking directly in front of her. At least she was busy solving the problem of errant clues in the Washington Post. Seriously.
The Final Five: Number 5
Our Anemic Economic Recovery
Peter Wehner makes the case that this is the worst economic recovery in American history. "We’re now two-and-a-half years into the recovery, which must now rank as among the most anemic in our history. Ronald Reagan inherited an economy that was sicker than Obama did — and at this juncture in his presidency the economy was roaring back. During the Obama era, on the other hand, we remain essentially flat on our backs. We’ve even reached the point where a jobs report that shows more than two-and-a-half times more people are dropping out of the labor force than are being hired is considered good news."
There's Always Time for a Laugh:
"To save money, the U.S. Postal Service announced the end of next-day service. That's a good way to get people to come back, isn't it? Make your service even slower than it already is."
-Jay Leno, 12/5/11
The Final Five: Number 4
Obamacare ‘Bomb’ Set to Blow Up Private Health Care System?
An op-ed in Forbes recently gloated about the 'bomb' in ObamaCare that would destroy private health care and set us on the path to socialism. Jeffrey Anderson responds by saying that is not what America needs. "Rather than trying to take over whole swaths of American society via regulatory fiat, maybe the federal government should instead impose a few modest rules on itself — say, for example, that at least 80 percent of the money that it spends each year must be money that it actually has, rather than money that it has to borrow (on top of the $15 trillion that it has already borrowed). According to Obama’s own Treasury secretary , in fiscal-year 2011 the federal government missed even that embarrassingly modest goal by a wide mark — as only 64 percent ($2.302 trillion out of $3.601 trillion) of the money that it spent that year was money that it actually had. ... In light of these figures, perhaps the federal government shouldn’t be telling an entire industry — under force of law — how to run its business."
The government returned to spending more than it took in yesterday, increasing the debt by $3,490,891,001.53, bringing the total debt to:
The Final Five: Number 3
Debt and Taxes: Settled Science
Randall Hoven makes the case that taxe hikes only reduce deficits if everything else stays equal, which it never does. "Democrats, being smarter than Republicans, use math and logic to make the case: if you raise tax rates, you get more revenue; if you get more revenue, you decrease the deficit; decrease deficits and you get debt under control. ... However, the hidden assumption behind all those syllogisms is everything else equal . Unfortunately, everything else does not stay equal. Believe it or not, humans tend to change their economic behavior when you change their economic circumstances. (Hard to believe, I know.)"
Tweets of the Day:
Dan McLaughlin (@baseballcrank): Newt saying he'd consider Mitt as a running mate is a non-story. It's a traditional way of making opponent sound like a loser.
The Final Five: Number 2
We Need Employment Benefits, Not Another Permanent Welfare Program
Daniel Horowitz argues that we need employment benefits rather than an extension of unemployment benefits. "In order to preclude the creation of a fourth entitlement, Republicans should categorically oppose extension, irrespective of supposed spending offsets. They need to stand firm and reject the compassionate conservatism of the past. Instead, they should counter with authentic employment benefits. Employment benefits would include across the board personal and corporate income tax reductions, repeal of thousands of odious regulations in the federal register, welfare reform, a comprehensive energy production program, and a cessation of job-killing, market-distorting subsidies. Such a program would create new jobs, elevate personal income, and lower the cost of living for consumers."
Food for Thought - A Quote from our Founders
"Conscience is the most sacred of all property."
The Final Five: Number 1
GOP Should Launch Offensive in Payroll Tax Fight
Daniel Horowitz presents the truth about Social Security and argues that Republicans need to go on the offensive and fight for entitlement reform. "Now that Democrats have checkmated themselves on Social Security, it’s time for them to grow up and discuss entitlement reform so we can rectify their 70-year monstrous lie. They have no legitimate rationale to oppose private retirement accounts anymore. Which accusation will they hurl at us? Will they accuse us of bankrupting Social Security? They have already been quite auspicious in attaining that goal. As for Republicans, they have two viable options; call out Democrats on their Social Security duplicity – and impel entitlement reform, or outflank them by proposing a permanent tax cut."
Tomorrow in History
December 8, 1941 - As the US prepares to declare war on Japan, President Franklin D. Roosevelt gives his famous "a date which will live in infamy" speech to a joint session of Congress.
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