Last Thursday, Treasury Secretary Tim Geithner presented Congress with the Obama administration’s plan intended to avert the impending fiscal cliff. The plan was, quite literally, laughable. It called for $50 Billion in new stimulus spending, the end of Congressional authority to raise the debt limit, $1.6 Trillion in new revenues from higher taxes on the … Continue reading
Author Archives: Scott Blackburn
Tax Expenditures: Why the GOP should Abandon Grover Norquist
The impending American debt crisis has almost nothing to do with taxes. If the Democrats get their way on the expiration of the high-end Bush tax cuts, roughly $65 Billion in revenue would be raised (assuming that this tax increase would have zero negative effect on economic growth – a disputable point, to be sure). … Continue reading
A Paean to the Twinkie
Gone is the HoHo. Gone is the Ding Dong. Gone is the Snowball, the Suzy Q, the Ring Ding, the Donettes, the Wonder Bread, the Hostess Cupcake with its signature swirl. And gone is the Twinkie. That greatest of all childhood treats. An alluring, golden treasure tube filled with sickly sweet, vanilla fluff that bursts … Continue reading
Salumi Sorrow: How Regulation Killed a Small Business
Il Mondo Vecchio is Italian for “The Old World.”For Mark DeNittis, the owner and purveyor of Il Mondo Vecchio Salumeria in Denver, Colorado, “The Old World” means making cured meats and sausages the right way – the way his Italian uncles made sausage and their uncles before them. DeNittis’ salumi is an anachronism – a … Continue reading
Election Postmortem: Where and Why did Romney Lose?
The 2012 Republican Primary season is remembered for its buffoonery: Rick Perry’s ‘oops’ moment, Newt Gingrich’ moon colony, Rick Santorum’s seemingly endless discussion of what should and should not be happening in the bedroom. Mitt Romney, from the beginning, was the only sober and serious candidate in the field (save brief and uninspired runs by … Continue reading
Can Mitt Romney win Ohio?
Before Hurricane Sandy derailed the Presidential race, I examined the possibility of a Romney Electoral College victory without winning the crucial battleground state of Ohio. I concluded that there were paths to victory that did not include Ohio and reasonable expectations that those paths are viable within the current polling framework. But while an Ohio-less … Continue reading
Can Romney Win without Ohio?
Ohio has successfully chosen the presidential winner in every election since 1960 and no Republican has ever won the White House without first winning the buckeye state. In the upcoming election, it is generally believed that Ohio is the linchpin to electoral victory once again. From the bastions of liberal thought at the New York … Continue reading
On the Romney Tax Plan
“The hardest thing in the world to understand is the income tax.” – Albert Einstein Mitt Romney has a tax plan. He wants to lower tax rates for everyone and get rid of some tax deductions. The details of the plan and who will be benefit are hotly debated topics and seemingly an entire industry has … Continue reading
$16,168,932,000,000. That is the current US debt burden. That is over sixteen trillion dollars. In order to balance the American debt level, each individual, from tot to geriatric, would have to pay $51,402. The median income of Americans is about $40,000; confiscating all wages would not come close to paying off the debt. If you … Continue reading
The Failures in Libya
When asked this past Sunday if the recent terrorist attack on American diplomats in Libya was an “intelligence failure,” senior White House Advisor David Plouffe said, “No, this was an event obviously … a complex event.” Let us ignore the obvious tautology of Plouffe’s remarks and his clear desire to obfuscate the issue instead of … Continue reading
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