Fiscal Collapse

by Randall Smith | 10:23 pm, January 1, 2013

No, I’m not talking about the jacked up “Deal” from the Senate. Nope, I’m talking about the Republican Party which helped pass this monstrosity.

Very little in cuts for a lot in tax hikes. That’s the “compromise” Republicans made. Their position will…

The Pivot – The Republicans’ Secret Weapon

by Joshua Sharf | 10:48 pm, December 10, 2012

When sequestration was designed by the Obama administration, the idea was that the required spending cuts would be unpalatable to both sides – cuts to Democrat-favored patronage programs would be balanced by cuts to Republican-favored defense spending.  Few of us who supported the debt ceiling deal realized how seriously the deck was stacked against Republicans, [...]

Solving the Fiscal Cliff Crisis: Extend and Pretend

by Bob Adelmann | 2:05 pm, November 12, 2012

Schiff is a realist. I, on the other hand, am an optimist.

CBO All But Guarantees Fiscal Cliff Gridlock

by Bob Adelmann | 6:31 pm, November 11, 2012

When an irresistable force meets an immovable object, it’s called gridlock.

Marching Towards the Fiscal Cliff

by Bob Adelmann | 4:22 pm, November 11, 2012

I wonder when reality will set in?

No Defense Spending Cuts

by Bob Adelmann | 1:02 pm, November 8, 2012

The US has been so successfully “militarized” that any suggestion of a cut in military spending will be laughed off and ignored.

Fiscal Cliff Causing Flurry of Tax Moves

by Bob Adelmann | 8:01 am, November 6, 2012

The ideal, of course, is a zero tax bracket, with government so small that it would be adequately funded, as it was prior to 1913, with tariffs. Back then government spending stayed within its means and within the confines of the Constitution.

Taxmageddon Only Part of the Problem

by Bob Adelmann | 10:44 am, November 4, 2012

Considering the precarious position the country is in, it’s amazing that Congress looks like it’s going to do everything it can to put off into the future – punt, kick the can, whatever you choose – to avoid making any hard decisions today. I agree with Mark Twain.

How Many “Fiscal Cliff” Scenarios Are There?

by Bob Adelmann | 3:13 pm, October 30, 2012

In his blog at MarketWatch over the weekend, Robert Schroeder reviewed five possible outcomes to the challenge of the “fiscal cliff” and concluded that only one was truly catastrophic: Simply letting the Bush-era income tax cuts expire and allowing billions of dollars of spending cuts to kick in would actually be the easiest thing to [...]

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