You watched the Presidential Debate on Monday, I assume? Good – because we can discuss a very confusing yet important topic about debate strategy this year. Specifically, let’s discuss Mitt Romney’s strategy in the second and third debates, and Paul Ryan’s strategy in the VP debates. The Bully Pulpit The President doesn’t have as […]
Subtitle: Until You Read This Article.
I’m not one for hyperbole… I’m more of a “here’s the data, deal with it” person, but I’ll make a vast blanket statement for you today. You see, you may not care too much either way about the whole ‘fiscal cliff’ scenario, where an expiration of the so-called ‘Bush Tax Cuts’ of 2001 and 2003 would reset to their previous levels. Perhaps you make under $200,000 as a single or $250,000 as a couple, so if the cuts expire and President Obama extends them in a second term you wouldn’t worry too much. Fine – I won’t spend this article discussing what the appropriate level of taxation is for the many strata of incomes earned in this country. However, I do want to draw your attention to the insidious effect of rolling back the 2001/3 cuts – namely, how the code characterizes dividends.
(… over his first term in office … if you don’t count inflation and population growth … if you don’t consider the whole ten year estimates … if you count the extended ‘Bush Tax Cuts’ and AMT Relief in Obama’s totals.)
When Bill Clinton was running for President of the United States against George H.W. Bush, Mr. Clinton had a tendency to go off topic when answering questions in debates and interviews. Clinton battled a reputation as a policy wonk, and like many Democratic candidates of recent vintage, this reputation allowed Republicans to paint him into the same corner as one-term President Jimmy Carter. As the United States had recently been in a recession under the leadership of Mr. Bush, Clinton’s strategist James Carville used the phrase as an, ahem, gentle reminder that if Clinton was to win he would only do so by attacking Mr. Bush’s failed economic policies. If you’re just emerging from the rock you live under, President Clinton later became the 42nd President of the United States.
If you read this web site the odds that you are also living under a rock are pretty small. That probably means you already know that over the weekend the so-called Deficit Reduction Supercommittee failed to reach an agreement (and had to admit its failings on Monday). A little back-story: the Debt Panel was trying to find deficit savings in excess of $1.2 Trillion over the next 10 years. A little more back-story: the entire concept and execution of the debt panel was a disgusting farce. The entire $1.2 Trillion was to be cuts from ‘baseline spending’, also know to the rest of us as ‘planned future spending increases’.
A recent article reviewed the new debt agreement as follows: “It’s like a 400-pound man boasting that he plans to drop 20 pounds over a decade, while his doctors warn about the risks of losing weight so fast.” I found that analogy grossly misinformed. It’s much more like a 400-pound man who is gaining 50 […]
We’re a week closer to a potential upset in the special Massachusetts senate race (scheduled for voting tomorrow). The last 4 polling companies that have weighed in (according to Real Clear Politics data) come in at +10, +5, +10 and +3 Brown, and were all conducted since 1/14. These polls generally estimate a larger than normal turnout for a special election; only two candidates are on the ballot and there aren’t any initiatives to vote on. They also suggest slightly positive ratings for President Obama among likely voters, although potentially under 50 percent.
It’s a quickly moving target, but as of August 04, 2009, the national debt is $11,653,350,207,790.34. With 307,212,123 people in the country (July Estimate), that works out to $37,932.59 per person. President Obama promised on the campaign trail to not raise taxes on people making under $250,000 annually. Is that promise now on shaky ground?
Where did the estimate of 46 million people in America without health insurance come from? You probably have health insurance through your employer or through some other means. However, there are people in this country without insurance. What does it mean, and why is the number’s background not nearly as scary as the number itself? Read on…