taxes

While President Obama and congressional leaders are campaigning furiously to prevent the United States from going over the “fiscal cliff,” a combination of higher taxes and lower spending set to take effect Jan. 1, 2013.  I challenge that we have already passed the event horizon and all that is taking place now is grandstanding for the better position in [...]

Democrats have been using a two-pronged tax attack on Republican Mitt Romney – one part policy, one part personal to help Obama capture the pivotal support from middle class voters.  Led by Barack Obama and Harry Reid, the Democrats have been acusing Romney for seeking to protect tax cuts for the wealthy and for refusing to release more information [...]

The Federal Reserve announced that it would buy $40 billion every month in mortgage-backed securities until the labor market improves substantially.  The program, dubbed “QE3″, was called a “revolutionary shift in the Fed’s policy reaction function,” by senior economist at BMO Capital Markets in Toronto, Michael Gregory.  Helicopter Ben Bernanke’s new economic stimulus plan involves printing vast sums of [...]

Months of tension erupted into open hostility last night when the president of the Chicago Teachers Union, Karen Lewis, called for work stoppage in the nation’s third-largest district, closing classrooms for about 400,000 students.  The Chicago Public Schools (CPS) officials claim they are only seeking a “fair” contract.  Fair.  Everyone can agree that children should [...]

How ironic, the U.S. national debt blows by a historic $16 Trillion during the Democratic National Convention (DNC).  U.S. government debt reached $16 trillion for the first time after rising $1 trillion since November, according to Treasury Department data.  The Democratic Party’s 2012 platform calls for future deficit reduction to exclusively come from tax hikes on [...]

A  standard question of modern presidential elections is “Are you better off”, and how has the middle class been affected?  At least by the numbers, Americans are not better off than they were four years ago:  the middle class has been crushed, unemployment remains high, incomes have fallen, and gas prices have doubled.  Vice President [...]

Though the Democrats do not think THE question of this election is the same question that Ronald Reagan posed in 1980: “Are you better off now than you  were four years ago?”, it undoubtedly will play a key factor in who will reside in the White House in 2013.  While the Democrats admit that the recovery [...]

President Barack Obama mockingly charged that the just-concluded Republican convention had showcased policies “better suited for the last century.”  This Presidential race seems to be boiling down to one glaring issue: which party will do more to help the financially strapped and shrinking American middle class.  President Obama’s campaign theme is that Mitt Romney and the Republicans cater to [...]

The Republicans HAVE elected more women and Hispanic governors than the Democratic party.  How is this so, if the Republicans and the Tea Partiers are so racist?  The fact is they are not, the Democrats, with the backing of the mainstream media, wants you to think that the Republican Party hates minorities.  This was so blatantly obvious in [...]

The reason why America is called “The Land of Opportunity” is because its people can climb up the socio-economic ladder through hard work and dedication. However, too often when U.S. citizens fall on hard times, they turn to the government for financial assistance.  The history of welfare in the United States reveals the compassion and goodwill of the American people, [...]