Category: Fiscal Cliff

A Senator You Haven’t Heard Of Just Gave The BEST Speech We’ve Heard This Year [Video]

Posted on by Terresa Monroe-Hamilton

This guy is fantastic! The Freshman Senator from Georgia, David Perdue, may not be running for the presidency, but he sure could – he’s far more popular than Jeb Bush. In fact, he says he views things just as Donald Trump does. He’s for a flat tax, term limits, jobs and reducing the debt. He’s […]

 

Stock Markets in Dubai & Saudi Arabia Plummet 7 Percent as Oil Prices Continue Free Fall

Posted on by Terresa Monroe-Hamilton

Last week was a heart pounding week for the oil markets. This week looks like it could be even worse. The Persian Gulf oil exporters, whose Sunday market open can be best described as a continuation of last week’s romp, are being walloped again. Saudi Arabia, until recently the region’s best performing market, is now […]

 

Bad Week for Stocks–Oil Crashes, Below $40 a Barrel for First Time Since 2009

Posted on by Warner Todd Huston

This has been a pretty bad week for the stock market. But it been particularly bad for oil prices–but NOT for consumers–as oil has fallen below $40 a barrel for the first time since 2009. Oil in particular has plunged as all the oil producers (including the USA) have been fighting for market share. Prices […]

 

American Territory Puerto Rico May Be About To Default On Its Debt

Posted on by Terresa Monroe-Hamilton

Greece basically defaulted over the weekend with bank runs. Their banks are closed today and a limit of 60 Euros in withdrawals is being mandated. Their stock market is closed for at least a week and the Asian stock markets were a bloodbath last night. Now on the debt hit parade comes Puerto Rico. Puerto […]

 

We’re the Next Greece

Posted on by Rachel Alexander

The country of Greece is in catastrophic economic chaos due to a history of irresponsible spending. This is where the U.S. will be in few years unless drastic changes are made. The question is no longer if, but when. At some point, there will no longer be any low-interest credit available to continue letting Santa […]

 

Deja Vu: The Pretend Debt Ceiling Crisis

Posted on by Rachel Alexander

The impending debt ceiling vote is much more important than the budget vote of a couple of weeks ago, the delay of which allegedly “shut down government.” This is because the budget vote – which is actually just a temporary continuing resolution – can be resolved by taking out the provision that guts Obamacare. While […]

 

Another Pretend Government Shutdown

Posted on by Rachel Alexander

The media is dramatically reporting that the federal government shut down on October 1 – yet hardly anyone has noticed. This is because it is not really a “government shutdown.” If only a few non-essential government functions have been temporarily halted, it is misleading to characterize it as if the entire government has shut down. […]

 

Supernanny Cass Sunstein’s ‘Friendly Paternalism’: It’s For Your Own Good, America

Posted on by Warner Todd Huston

Cass Sunsetein, one of President Obama’s leading left-wing, university eggheads, has penned an interesting piece in New Republic explaining how the nanny state is really a very important and useful aspect of today’s modern Democrat scheme. It’s for your own good, don’t you know? Launching his April 8 piece, “Why Paternalism Is Your Friend,” Sunstein […]

 

Tax, Spend, And Blame

Posted on by Robert Cleveland

President Obama has unveiled his budget proposal (only two months late, but who’s counting?), and he presented it with the same gravity and urgency that informed Americans have come to know and love from Dear Leader.:  Each and every time the president makes the decision to engage in smear tactics to push his next bad […]

 

Rep. Maxine Waters Inflates Sequester to ‘170 Million’ Jobs Lost

Posted on by Warner Todd Huston

Congresswoman Maxine Waters (D, CA) had a dire prediction for America due to sequestration claiming that 170 million jobs would be lost as a result of the policy. But according to the Bureau of Labor Statistics there are only about 140 million jobs in the whole country. During a press conference on February 28, Waters […]

 

The Dignity Of The Undignified

Posted on by Robert Cleveland

One lesser-known fact about the upcoming Sequester cuts is that it includes a pay cut for Congress.:  This, without a doubt, is a good thing, if only because, despite their near constant bickering about how the other side needs to be more bipartisan, both Houses of Congress have proven to be utter failures during Barack […]

 

Food Stamps Recipients Increased 11,133 Per Day In Obama’s First Term

Posted on by Warner Todd Huston

One way to mark the legacy of a presidency is to tally statistics and at least one stat is not very flattering for this president: Americans on food stamps have grown by 11,133 every day during his first term. In 2009, when Obama took office, recipients of SNAP, the Supplemental Assistance Nutrition Program, stood at […]

 

Looking Forward To A Shutdown

Posted on by Robert Cleveland

President Obama’s press conference yesterday showed America just exactly what he meant when he said he would not negotiate on raising the debt ceiling. He will not negotiate. He will take no prisoners. He will accept nothing less than complete and total surrender to his agenda. Once again, the President of the United States seeks […]

 

Temporary Fiscal Cliff Compromise Full of Pork, Tax Hikes and Spending Increases

Posted on by Rachel Alexander

Temporary Fiscal Cliff Compromise Full of Pork, Tax Hikes and Spending Increases Congressional Republicans caved in to the Democrats this week, surrendering their principles in order to pass a bill that merely delays the looming fiscal cliff by two months. This is the first time Republicans have voted for a tax increase in 20 years. […]

 

Fiscal Face Plant

Posted on by Robert Cleveland

It is now 2013, and I can unequivocally state that I am sick and tired of all of the Fiscal Cliff crap…mainly because crap is all that we are getting from Washington. After all of the angst and hand-wringing and closed-door meetings and finger-pointing and bloviating for the press, all the White House and the […]

 

Building The Fiscal Cliff, One Dollar At A Time

Posted on by Robert Cleveland

To hear the politicians tell it, you would think that the Fiscal Cliff negotiations were a case of an unstoppable force meeting an immovable object. President Obama and the Democrats won’t budge on their oh, so essential tax hikes on the evil rich, and those stiff-necked Republicans won’t budge on their insistence that tax rates […]

 

Let “progressives” Own the Fiscal Cliff

Posted on by Michael Fell

The Federal Reserve plans to keep short-term interest rate near zero until unemployment drops below 6.5 percent and inflation reaches 2.5 percent. : This means given the current equations used to calculate those numbers, Fed interest rates will remain at current lows until mid-2015 or beyond. The Fed will also continue spending $85 billion a month […]

 

The Communication Cliff

Posted on by Robert Cleveland

Republicans should be less worried about the Fiscal Cliff than about their own Communication Cliff. It seems that the GOP leadership has been gripped by a great communicative ineptitude, and until they escape from its grasp, they will continue to languish in political poverty, taking blame for fake crisis after fake crisis manufactured by the […]