July 26, 2012
Congressional Democrats threaten that unless Republicans cave-in to their demands to increase taxes, they will block all moves to address what is called the "fiscal cliff" and plunge America into a harsh double-dip recession.
It seems there are few energy sources that environmentalists have not tried to shut down. If we are not careful, they will shut down America.
Left-wing groups predicted $37 billion of new corporate tax revenue by double-taxing foreign earnings. Instead, in 2011, corporate revenue dropped by $10 billion after Congress limited the foreign income tax credit.
Former Reagan budget director David Stockman: "We now have an economy that is saturated with debt: $54 trillion or $53 trillion … The idea that somehow all of that debt is irrelevant, as the Keynesians would tell us, is fundamentally wrong – and the reason why the economy can't get up off the mat."