Monthly Archives: December 2012

Top 1% Pay Their Fair Share?

BY FRANK HILL
Reprinted from Telemachus.com

Support the move to replace our corporate and personal income tax code with a national consumption-based tax.

Why?

Because it will be far simpler than the current sclerotic byzantine income-based tax structure that has been in place since 1913. It will return the United States to the preferred tax revenue-generation method favored by our Founders who thought a tax on someone’s income could be capricious and ruinous to a person’s freedom and productivity.

They were right on the ‘capricious’ part. Continue reading →

What’s the Mayan Word for “Cliff”?

BY RICH GALEN
Reprinted from Mullings.com

Boy, I’m good. I finished Wednesday’s column with: “Plan B might not pass, but Plan C or D, or Q will find its way to the floors of the two Chambers before December 31 and will pass.”

Plan B is not going to pass as last night the House Republican Conference…

SIDEBAR

You might have noticed over the past 14 years that I refer to the assemblage of the GOP in the House and Senate as the “Republican Conference” and the Democrats as the “Democratic Caucus.” That’s what they call themselves. Continue reading →

Plan B

BY RICH GALEN
Reprinted from Mullings.com

We’re now within 10 legislative days ’til the Fiscal Cliff – assuming the Members won’t be decking the Halls of Congress with boughs of holly on Christmas Eve and Day.

There is movement in the positions coming from either end of Pennsylvania Avenue. The President campaigned successfully on the idea of raising taxes on the wealthy – with the wealthy being defined as any family earning $250,000 or more annually. Continue reading →

President Obama on the Fiscal Cliff

BY FRANK HILL
Reprinted from Telemachus.com

For a ‘constitutional scholar’, President Obama sure doesn’t act like he knows who holds the cards in any negotiations on budget matters in Washington, DC.

Who does hold the cards?

The House of Representatives. Period. ‘All bills for raising revenue shall originate in the House’ from Article 1 of the Constitution. There are multiple Committees on Authorization and Appropriations in the House and the Senate. None in the White House. Continue reading →

History & Change: On Daniel Inouye

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

It had been 31 years since a bunch of American businessmen had organized a coup against the monarchy that had ruled Hawaii for generations when Daniel Inouye was born. His parents came from Japan, and along with Korean and Chinese workers, the Japanese had come to work on the Sugar plantations. That same year, Congress passed a law banning further immigration from Japan to Hawaii or anywhere else in the United States.

In 1924, on the mainland, Calvin Coolidge was President and Republicans had majorities in both the House and the Senate. It was the era when a President could get away with saying little and doing even less, and Congress basically let the good times roll.

Continue reading →

Plenty of Blame to Go Around

BY RICH GALEN
Reprinted from Mullings.com

There is nothing good about the Newtown, Connecticut shootings. President Obama said what I thought my President should have said and the way I wanted my president to have said it in his remarks there last night.

I am no longer worried about my son. But my son is worried about his two little girls. They are not yet old enough for school, but sending a seven-year-old to school should not be a cause to worry all day that he or she will come home safely. Continue reading →

The Enemy Within

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

I feel like America is collectively living in a very disturbing episode of the Twilight Zone. The events from Friday morning in Connecticut have thrown me for a loop.

A kid from the suburbs killed a bunch of small kids from the suburbs and their teachers and their principal. That these children are roughly the same age as my son fills me with a combination of rage, dread, sadness, empathy, and confusion. Continue reading →

Fiscal Cliff Tragedy/Comedy, Part I

BY MICHAEL S. JOHNSON

The tragedy and the comedy of the fiscal cliff negotiations are that they have little to do with the fiscal cliff.

The fiscal cliff is a relatively straight-forward collection of budget issues. But like so many other budget issues that have become the playground of ideologues, the fiscal cliff negotiations have been hijacked by a herculean clash over political dogma, a classic struggle between progressive forces dedicated to the redistribution of wealth and libertarian forces dedicated to dismantling government as we know it. Continue reading →

Holding Middle-Class Tax Cuts Hostage

BY FRANK HILL
Reprinted from Telemachus.com

Which one is better..or worse? To which guilty party can these words be assigned, Your Honor?

We are always surprised, although we shouldn’t be, when we see the media attack the GOP in Congress for ‘holding the middle-class hostage to getting tax cuts extended for the wealthy (‘fat-cat, dishonest, conniving, Scrooge-like white rich) guys’. (That is the intimation, isn’t it? Tell the truth.)

Why is it taken as the Gospel Truth that the current impasse is solely the fault of the Republican Party in charge of the House of Representatives in Congress? Continue reading →

Costas-Gate

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

I like Bob Costas. I like how he presents himself. I actually got a chance to meet him on the set of a show we did together, and he came across as a very reasonable, slightly conservative, well put-together guy. He is also a sports nut, who could tell you the lineup of the 1964 Cardinals.

I like sports, but I couldn’t remember the lineup of my favorite team of all time, the South Side Hit Men, who almost won the pennant in 1977. I could get a few of them, but my memory is not good enough to recite the whole line-up.

Bob Costas stepped in it the other day when he talked about gun control at half time of the Sunday Night Football game. He pissed off a lot of conservatives, who found it completely inappropriate to mix politics and sports. Continue reading →

This ‘n That

BY RICH GALEN
Reprinted from Mullings.com

I am desperately searching for something to write about that doesn’t include the words “fiscal cliff.”

Maybe we’ll just cruise around the net and see what catches our attention.

Here’s one. Remember that unbelievable photo of the 13-year-old Afghan girl who was on the cover of National Geographic in 1985? It was taken by Steve McCurry. If you’re old enough, you probably remember it. If you’re not, it’s worth looking at.

The National Geographic folks recently auctioned off much of its photo library and that particular picture sold for $178,900. Continue reading →

Least Among Us

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

It is in the Book of Matthew that you can read, “I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.’”

No country does more for the least among us, especially the disabled community, than the United States.

The Americans with Disabilities Act passed Congress in my first year up on Capitol Hill. I was working for House Minority Leader Bob Michel at the time, and as a newly minted conservative, I wasn’t particularly fond of the ADA. It forced small businesses to build access ramps, required small towns to buy specially-equipped buses so that people in wheelchairs could have access to public transportation, it required schools to spend money educating disabled children. Continue reading →

Offer, Counter-Offer

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

Republicans went all crazy yesterday and countered the White House with a fiscal cliff proposal that was first dreamed up by that crazy right-winger Erskine Bowles.

Bowles, who used to toil in the trenches as Bill Clinton’s Chief of Staff and who once ran for office in North Carolina as a Democrat, has obviously been seduced by that other right-wing kook, Alan Simpson. How dare Bowles, the closing days of the Super Committee, offer something so radical as to include $800 billion in revenues and about double that in spending cuts. Continue reading →

Better Storm Drains for All

BY RICH GALEN
Reprinted from Mullings.com

It is now likely that a deal will not be reached between now and December 31 to avoid the fiscal cliff. Before you become an economic prepper and start stocking up on canned goods and extra Tequila, remember I also thought Mitt Romney would win the election.

If we do tumble over, the automatic sequester – spending cuts – kick in and everyone is looking for the worst-case scenario of what services will be lost to old folks, young folks, sick folks, and all the other folks in the United States. Continue reading →

Soak the Rich

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

My friend, the smart Senate staffer, sent me this missive this morning. I thought I would share it with you:

“There is clearly a Democratic obsession with taxing the rich. Let’s go through a little fiscal arithmetic and take the Democrats’ tax increase obsession out to its logical conclusion.

From a purely political power acquisition perspective, it makes all the sense in the world. It’s been a constant theme of Democrats for many years. Not all, but most, tell the American people that all of our fiscal problems can be Continue reading →

Capitalism

BY RICH GALEN
Reprinted from Mullings.com

With the Redskins playing the Monday night game and the Nationals still not having made a deal with their 1st baseman, Adam LaRoche, there’s not much to think about here in Our Nation’s Capital other than that pesky fiscal cliff.

Depending on what comes up in your Google search for “what will be the effect on GDP of the fiscal cliff” you get answers ranging from a drop of about 1.4 percent (NASDAQ) up to four percent (Washington Post).

Most of the guesses fall in the 3-3.5 percent range. Continue reading →