Category Archives: Economy
Immigration for Millionaires
While Congress debated how to keep out illegal immigrants, Phil Mickelson had the temerity to suggest he might immigrate the other way. The reason – his 60% total tax bill. In the ensuing uproar over his greedy desire to keep more of his money, he caved, and also apologized for having kept his opinions.
Senate Budget
The 1974 Budget Act requires both houses to pass a budget every year. The senate is four years in arrears.
House Republicans hatched a plan on Friday to raise the debt ceiling, but only if each chamber passes a budget. If senators don’t pass a budget, they don’t get paid.
This sounds suspiciously similar to Charles Krauthammer’s Friday pitch in his Washington Post column, though he didn’t mention the pay part.
Kimberley Strassel, in the WSJ, details how Harry Reid’s rope-a-dope tactics “hide the party’s spending ambitions” and “casts the Republicans as the cause of every legislative crises”.
Deadbeat Nation
In the final press conference of his first term, the president explained what he will and will not do. He might take executive action against guns and he won’t be negotiating the debt ceiling with a gun to the head of the American people .
We are not a deadbeat nation and the full faith and credit of the United States is not a bargaining chip. Except when it is.
Al Gore Jazeera
Al Gore sold Current TV to Al Jazeera last week. Al Jazeera is funded by Qatar, an oil kingdom flush with black gold.
Global Warming believers are fond of accusing deniers of being funded by the oil industry. So when the believers’ true prophet, Al Gore, took a $100 million profit on the sale of Current TV to Al Jazeera it made for an easy cartoon lay-up.
Eat the Rich
The tax hike on the rich to avoid the fiscal cliff will bring in 60 billion dollars. This year’s deficit is a trillion dollars. The president doesn’t want to cut spending. Stay tuned.
