Category: Government Spending

Florida GOP Debate Recap and Breakdown: Nine Candidates…Three Categories

This piece was written by Art Smith- Publisher of The Conservative Reader, Justin Arnold-Editor of The Conservative Reader: Iowa, and Brian Nygaard-Senior Contributor at The Conservative Reader.

The lead up to every Presidential Primary debate is accompanied by media hype and pundit proclamations that this or that candidate has to “do well” or they are doomed going forward.  Often times the hype out measures the eventual importance of the proceedings and the proclamations prove to be mere misguided conventional wisdom.

Since last cycles debut of the “interactive” debate (CNN’s YouTube offering) saw ridiculous questions from a melting snowman (on global warming) and a citizen holding an assault rifle (on the 2nd Amendment), one sure would have been justified in being skeptical.  That said, for …


Is The Middle A Place To Deal With Debt?

As of this writing, debate continues in the US Senate on the compromise Debt Ceiling bill, but one bit of information from the House vote presents an interesting view on the state of the Moderate position: all 5 of Iowa’s congressmen voted against the bill, even though we have 3 Democrats and 2 Republicans representing us.  (Update: Yup, the Senate approved it and Obama signed it… long day already!)

The reasons for voting “No” are drawn clearly along party lines.  The Democrats from Iowa (Braley, Loebsack and Boswell) all stated that “shared sacrifice” was lacking from the bill, which is code for “we want to soak the rich”.  King and Latham, the Republicans, were focused on fiscal responsibility and a balanced budget.

Saying that …


There Was No Recovery

“Double Dip.” By now you have probably seen this term somewhere. It appears that the economic recovery is stalling in what is supposedly its second year, and now the economy is poised for the dreaded “Double Dip.”

It is a lie. There was no recovery in the first place. The alleged “recovery” existed only on paper, and only with a great deal of mathematical trickery.

A recession is defined as two consecutive quarters of economic contraction, measured by the change in the gross domestic product, and the GDP is an illusion.

We calculate our GDP like this: Investment + Consumer Spending + Government Spending + Net Exports. If the federal government spends $1 billion on an airport in Pennsylvania that nobody uses, that is calculated …


Harkin: Congress Just Can’t Do It, Obama Should Take The Ball

Finally, someone has the answer to solving the debt crisis that has hit the Federal Government! And amazing as it may seem, earlier this week the junior senator from Iowa came up with the idea, a truly out-of-the-box solution. Forget Congress, the President can go ahead and raise the debt ceiling with an Executive Order.

And, according to Tom Harkin, it’s okay because the Constitution doesn’t prohibit the President from taking this action!

With just a week to figure out what to do, this is Harkin’s answer: punt.

What he said was that the President could sign an executive order raising the debt ceiling. He said you’d rather have Congress do it, but there’s nothing in the Constitution that prohibits the President from issuing …


Default is Inevitable, Part II

Talking points are truly amazing things. They capture the essence of the obsessions of political operatives. The political news has recently been dominated by the talking points surrounding the debt ceiling debate, with the main terms of choice being the assorted variants of “apocalypse.”

First of all, failing to raise the debt ceiling would not automatically lead to a default on the national debt. The federal government would continue to collect revenue, and could use that revenue to pay debt obligations as they fall due, or in other words, pay the coupon interest on time. This would involve deep cuts to everything else, and if you are a professional politician that is synonymous with impossible, so there is an assumption that default would be the …


The Stench of Impropriety: Your Tax Dollars, Your Body Image, and The Government (Part 2 of 2)

The following is the second installment of a two part piece. The first is entitled “The Stench of Impropriety: Tom Harkin, Al Franken, Herbalife International, and The F.R.E.E.D Act”, and can be viewed below.

In part one of this piece, I introduced you to the relationship between Tom Harkin and his largest campaign contributor, Herbalife International. A partnership that demonstrates the perils of an incestuous system of politics and money, and ultimately played a part in Harkin’s introduction of the F.R.E.E.D. Act in the U.S. Senate. As bad as that looks, what the bill actually proposes to do is just as bad.

The act itself is only impressive in that it manages to hit the Liberal trifecta—it is completely devoid of any traditionally rational …


The DSM Register Independence Day Weekend “Progressive Trifecta” (3rd of 3) “Keep Social Security Safe”

The Des Moines Register’s Opinion Section on Sunday, July 3, 2011 featured a “Progressives Trifecta” of half-truths and sophistry:

Richard Doak – What if the founders were around today?

Donald Kaul – My favorite 4th of July speech

Dean Baker – Keep Social Security safe from politicians who want to save it

This week I will focus my comments on Dean Baker’s article sub-titled “Real patriotism requires coming to terms with the grimmer side of American history”.  Mr. Baker is co-director for the Center for Economic Policy Research (CEPR).  The CEPR home page lists 10 funders, mostly far left organizations including the Open Society Foundations, which was founded by and led by George Soros.

Dean Baker-He advises the reader that two thirds of people …


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