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Taxes

Why 9-9-9 is not regressive

Monday, October 17, 2011
By Dan

I’m not normally in the business of making arguments for politicians, but Herman Cain’s 9-9-9 plan is getting some unfair criticism, and more than a few people are mischaracterizing the real tax burden Americans face.  Fore example, on Meet the Press this weekend, David... »

Is Social Security a Ponzi Scheme? Yes.

Monday, September 12, 2011
By Dan

Rick Perry keeps saying Social Security is a Ponzi Scheme. It is almost as if he believes that social security is a fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. To be fair, that SEC... »

Thought Experiment: What is a Democrat’s Balanced Budget Amendment?

Wednesday, August 3, 2011
By Dan

Mark Udall and other centrist (read as “not quite as insane”) Democrats announced today that they are working on a balanced budget amendment.  That makes me wonder what a Reid-Pelosi balanced budget would look like. As you can imagine, a GOP balanced budget amendment... »

Both sides of Krugman’s mouth: Rating Agencies Just Can’t Win.

Monday, July 25, 2011
By Dan

You may recall that, last April, Congress, Paul Krugman, and a lot of others were calling for the heads of the rating agencies.  They blamed Moody’s and S&P for failing to tell investors the obvious: that sometimes people default on their mortgage.  Krugman in... »

Wasserman-Schultz wants to increase spending on the backs of yet unborn children.

Wednesday, July 20, 2011
By Dan

Debbie Wasserman-Schultz and Allen West are having a public spat.  Allen West is claiming that, despite Obama’s endorsement, Wasserman Schultz’s history of lying and misrepresenting legislation means she is no lady.  Debbie Wasserman Schultz is claiming that a bill that does not touch Social... »

9 Lies Liberals Tell About Taxes — UPDATE

Wednesday, April 20, 2011
By Dan

David Cay Johnston’s article last week, 9 Things The Rich Don’t Want You To Know About Taxes, deserves a stronger rebuke, but I’m a busy man, so let’s just cut to chase: Conservatives (not read as “rich,” but principled) argue that most people don’t... »

Governing with Fear

Friday, July 16, 2010
By Dan

It is ironic that the Democrats, for nearly all of his eight years in office, charged that President Bush governed by fear; raising the specter of terrorism for political gain. Of course, all politicians use a little fear to keep their cushy jobs, the... »

How to solve the energy crisis.

Friday, June 18, 2010
By Dan

My wife had a very interesting observation last night.  I was trying to explain why government mandates don’t work, and she said, “So Democrats are all about sticks, and Republicans are all about carrots.”  It’s a remarkable insight from a foreigner, and probably more... »

ObamaCare will save us; just look at how successful the Credit CARD Act is.

Tuesday, March 23, 2010
By Dan

Investors Business Daily has a great review of the 20 ways in which ObamaCare will take away your freedom. Most of the changes involve the new Democratic paternalism: we know better than the free market. Funny, the Democrats thought the same thing about credit... »

Small Change™: Obama budget freeze is like you buying store-brand rice crispies.

Tuesday, January 26, 2010
By Dan

Obama is promising a budget freeze on non-discretionary, non-defense funding.  This amounts to a “freeze” on $450 billion out of $3.6 trillion budget. That’s about 12.5%.  So Obama is promising to “freeze” spending on 12.5% of the federal budget.  (An idea he harshly criticized... »