We Should Have a Sequester Every 3 Months for the Next 10 Years

There is an old adage when it comes to cutting government spending at the local level, “Fire the firefighters first.”

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Obama says; “We are not a deadbeat nation.” So let’s raise the debt limit and incur more debt we can’t pay back. Problem solved.

 The President is still not happy. In the recent fiscal cliff deal he got, taxes went up versus cuts 41 to 1. Now he’s warning Congress about not raising the debt limit. “We are not a deadbeat nation.” he says. We are however a nation with spending habits which appear to be of a clinical level of concern.

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The Depression Continues Despite the Smoke, Mirrors, and Dazzling Bull from Washington

There is a lot of smoke and mirrors in mainstream economic news these days. There always has been. The wizards always seek to manage expectations and manipulate public sentiment in what they consider to be the right direction. But things have gotten much worse over the years, especially since the Federal Reserve began its “Magical Monetary Tour” as David Stockman calls it in 2008.

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Goldman Sachs, Al Gore, Seek to Minimize Taxes Before Increases, Goldman does, Gore Fails

The financial planers of the rich were very busy leading up to the ball drop on New Years Eve. Everyone from George Lucas to families with long ailing patriarchs had to make some tough decisions. (In the latter case whether to take great grandpa off of life support.)

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Obama’s Fiscal Cliff Deal Gifts to Big Business More than Tax Revenue Raised with New Taxes?

If you don’t know already the fiscal cliff deal done earlier this week is full of tax credits to big businesses of all sorts. That’s bad enough, but it appears that the money going to these businesses is actually more than what the new taxes will raise.

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Fiscal Cliff Deal A “Crony Capitalist Blowout.” Taxes go up for average Americans, but these companies will get paid instead.

The gall of the lobbyists is astounding. Here we are, teetering we are told on the edge of a “fiscal cliff.” Below us is the abyss of renewed acute recession (depression). We must do something! Anything! Just don’t let us go off the cliff!

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The Obama Admin Insisted that Giveaways to GE, Diageo, and Hollywood be Added to the Fiscal Cliff Deal

For anyone who is not familiar with the work Tim Carney is doing at the Washington Examiner they should be. Yesterday he reported on how it is that tax credits for certain companies found their way into the fiscal cliff bill.

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