Category Archives: Economy
Holiday Giving
In addition to raising 1.6 trillion in new taxes, and 50 billion in new stimulus, the president wants Congress to turn over the right to raise the debt ceiling.
Populist Pipes
The Republicans have been suffering an identity crisis. Mike Flynn of Breitbart identifies them as the party of slightly less tax hikes.
Student Loan Bubble
Nationwide student loan debt reached an all time high of one trillion dollars. It also reached an all time high in delinquency rates. Is this the next bubble? Here’s a Bloomberg story about a government plan to make automatic withdrawals from student loan debtors’ paychecks.
Making a List
Mitt Romney dropped by the White House for lunch last week. Later the president hit the campaign trail to promote tax hikes on the rich. During a rally at the Rodon Group plant in Hatfield Pennsylvania, Obama announced he was keeping a list of naughty and nice congressmen. The Naughty or Nice List isn’t to be confused with the his Enemies List of Republican campaign donors, or his Kill List.
Fiscal Cliff Clown Car
As for the Fiscal Cliff, the President’s latest position is tax hikes now spending cuts later. Krauthammer thinks Lee got a better offer than that at Appomattox.
