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Entries in Fiscal Cliff (47)

Thursday
May022013

ALG's Daily Grind - Cyprus lawmakers finally agree to steal $17.1 billion of savings deposits

May 1, 2013

 

Cyprus lawmakers finally agree to steal $17.1 billion of savings deposits

Lawmakers approved the measure despite the fact that the size of the savings tax has ballooned by €7.2 billion ($9.5 billion) since March. A previous €5.8 billion ($7.6 billion) savings tax had been rejected by the Cypriot parliament nearly unanimously last month.

Washington's Weird World

Terrorists on the welfare rolls, sequestration payments prioritization, debt ceiling payments prioritization, and yet more stimulus!

The Decline of Virtue

Our republic has devolved into a cynical, numbers-based, group-focused political calculation.  Both parties are hedging their bets on winning the votes of large groups, not principled individuals.

New York Times: U.S. Opens Spigot After Farmers Claim Discrimination

As Andrew Breitbart had warned 3 years ago, and now the New York Times has finally gotten around to noting, the government is settling with $1.3 billion claims of loan discrimination against minority farmers, despite the fact the claims were never proven.

Saturday
Jan122013

Josiah Bartlett Center - The Fiscal Cliff, Trains, and Trillion Dollar Coins

Weekly Update from the
Josiah Bartlett Center


Keeping you up to date on our latest research
on the issues impacting New Hampshire


The music for the Washington fiscal cliff debate ought to be that written by Sergei Prokofiev for his “Tale of the Buffoon who Outwits Seven Other Buffoons.” Hard to believe he hadn’t of the fiscal cliff when he wrote it... Click here to keep reading.


The Trillion Dollar Coin and the Debt Limit

Would it be Possible and is it Legal?

With the US Treasury rapidly closing in on another debt limit ceiling, the idea of minting trillion dollar platinum coins to get around Congressional approval of a debt limit hike has gained some steam in the pundit world and with the public at large. It has even spawned the twitter hashtag #mintthecoin and a White House petition in support of the proposal... Click here to keep reading

Rail Back on Track in NH?

Would Cost $270 Million

Wednesday’s approval by the Capital Budget Overview Committee to fund a transportation study of the Capitol Corridor has revived hopes of commuter rail in New Hampshire. The Corridor project, if completed in its entirety, would see passenger rail service run from Concord through Manchester and Nashua, continuing south into North Station in Boston.

The project in terms of costs can divided roughly into four segments, totaling roughly $270 million from various sources... Click here to keep reading.

Takeaways from the December Unemployment Report


November Rate Revised Upward, Job Creation Treading Water

Last week the Bureau of Labor Statistics released its monthly jobs report for December, which showed that the unemployment rate remained unchanged at 7.8%. The BLS also revised the November rate upwards to 7.8% from 7.7%. Establishment Survey (i.e. employer) data showed that roughly 155,000 jobs were created. Click here to keep reading.

Saturday
Jan052013

ALG's Daily Grind - Michele Bachmann delivers Speakership to Boehner

Jan. 4, 2013

Michele Bachmann delivers Speakership to Boehner

Michele Bachmann, who has been scorned by House leadership, surprised the House chamber this afternoon when she cast the 218th vote for John Boehner, handing him the Speakership.

Les Misérables

The American people land a starring role in the hit musical!

Strong winds upon the fiscal cliff

Wind energy subsidies totaling $12 billion over the next 10 years making it into the fiscal cliff tax deal.

Stossel: No Regulation? No Problem

Intuition leads us to think-wrongly-that without government we'd be victims of fraud.

Wednesday
Jan022013

ALG's Daily Grind - Landing on the fiscal rocks below 

Jan. 2, 2013

Landing on the fiscal rocks below

Raising income, capital gains and dividends taxes on those making more than $400,000, and couples making more than $450,000, will only raise $30 billion in new revenue in 2013-with 88 cents of every new tax dollar being spent on paying interest on the new $1.2 trillion in debt that the government is expecting this year.

Cartoon: Big Daddy

Fatherless households skyrocket across America.

Video: ALG Wants To Say A Special Goodbye To Outgoing EPA Head Lisa Jackson

Check out our special tribute to someone who worked to damage the American economy during a recession. Yes, we are saying goodbye to Lisa Jackson!

It's the Debt, stupid!

With the Christmas season retail sales figures dropping to their lowest growth level since the financial crisis hit in 2008, consumers have given two big thumbs down on how they feel about the economy and their personal economic future.

Wednesday
Jan022013

ALG - Fiscal Heroes and Zeroes

Jan. 2, 2013, Fairfax, VA—Americans for Limited Government, a non-partisan group dedicated to limiting the size and scope of government at all levels, blasted members of Congress who voted in favor of the tax increase measure that passed both the Senate and House of Representatives on New Year's Day.

Bill Wilson, president of the group denounced the law saying, "This so-called 'deal' is typical Washington, D.C., laden with pork including a subsidy for Obama's Hollywood buddies and even NASCAR, while increasing taxes on every working American. Incredibly the law will be classified as a tax cut because it passed after the Bush tax cuts expired, so in D.C. doublespeak, politicians will claim to have cut taxes when everyone's taxes are actually going up."

An initial analysis of the legislation utilizing estimates from the Joint Committee on Taxation conducted by ALG showed that while the tax increases on those making more than $400,000 a year will generate approximately $30 billion in revenues a year, the cost of servicing the projected increased federal debt of $1.2 trillion will actually eat away about 88 cents of every new dollar raised.

"By avoiding actually dealing with Washington's spending addiction, they have raised taxes to do little more than pay the increased interest on the debt over the next year. Meanwhile, the head-in-the-sand types on Capitol Hill will be clamoring to spend this 'new money' on their favored special interests. We are truly through the looking glass."

View online here: http://getliberty.org/fiscal-heroes-and-zeroes/

Attachments:

"Landing on the fiscal rocks below," by ALG senior editor Robert Romano, Jan. 2, 2013 at http://netrightdaily.com/2013/01/landing-on-the-fiscal-rocks-below/

Senate roll call on H.R. 8 at http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=112&session=2&vote=00251

House roll call on H.R. 8 at http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=112&session=2&vote=00251

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.