In consecutive weeks, President Barack Obama has presented two painfully unserious and economically misguided proposals. The first, his $450 billion American Jobs Act, is another stimulus proposal, based on the ill-conceived notion that more government spending is the answer to what ails the economy. The second is the president’s plan to raise taxes by $1.5 trillion on American job creators. Read More
It doesn’t look like we’re going to get the $4 trillion deficit-reduction deal President Barack Obama has been talking about. So what happens next?
Seeing the recent breakdown in talks, it’s hard to imagine what Obama and Vice President Joe Biden thought they were going to get in these negotiations. Read More
Will President Barack Obama replace Joe Biden as his running mate in 2012? I’ve always thought it’s a real possibility. Biden was perhaps useful in bringing experience to the ticket of candidate Obama in 2008, but he does nothing for incumbent Obama in 2012, whereas a fresher and younger face might add some zip and energy to the re-election effort. Read More
Speaker John Boehner, R-Ohio, has issued a statement calling on President Obama to get involved in the debt limit talks that have come to a stalemate.
Boehner also said in the statement that the deal cannot include tax increases because such a proposal could not pass in the House. Read More
The Wall Street Journal‘s Janet Hook and Corey Boles have the scoop: Read More
Republicans are headed for trouble over the gap between what grass-roots Republicans want and what Republicans in Washington can deliver.
The gap will come into play once an agreement on raising the debt limit, now being negotiated by congressional Republicans and the White House, is reached this summer. Read More
House Budget Committee Chairman Paul Ryan spoke at a breakfast this morning at the Phoenix Park Hotel sponsored by the American Council on Capital Formation. His presentation was an interesting contrast with that of Indiana Governor Mitch Daniels speaking on his education reform program at the American Enterprise Institute yesterday (here’s the video). Read More
As expected, Jon Stewart of the Daily Show mocked Vice President Biden for falling asleep during Obama's speech on the national debt.
"Hey Rip-van-Biden . . Read More
House Speaker John Boehner, R-Ohio, threw a bit of cold water on the so-called budget deal the two parties are discussing.
Hours after Vice President Joe Biden claimed that the two sides are getting closer to a budget deal, Boehner told reporters Thursday morning that there is no deal and that the two sides are still wrangling over the cost and scope of the measure. Read More
Notwithstanding President Barack Obama’s promise in his State of the Union address to freeze domestic discretionary spending for five years, Vice President Joseph Biden on Tuesday proposed $53 billion in high-speed rail projects atop $8 billion so previously “invested.” This is every boy’s dream: the ultimate train set. Thank you, Santa! Read More