Category Archives: debt ceiling

debt ceiling Tax Reform

Communism American Style

February 4, 2012 – 10:59 am

Re-Posted From Last August – sorry folks been busy, see the next post. The House adopted a 10 year plan today.[1] Back in the USSR, the benevolent government used 5 year plans to guide their economy.[2] Jealousy of America’s retro-economics probably drove Vladimir Putin to recently call America a parasite on the global economy.[3] What read more »

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debt ceiling Tax Reform

The Consitution, the Debt Ceiling and a Real Balanced Budget Amendment

July 29, 2011 – 10:35 pm

An Argument for a Constitutional Amendment to Sunset Federal Laws that Tax or Spend Congress reached a new high in pointless political theater today when the House tacked a balanced budget constitutional amendment to their debt ceiling increase.[1]  With unbridled hypocrisy, tea party purists who regularly bash judicial activism tried to hand the power of the purse to the read more »

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debt ceiling Tax Reform

Grand Bargain, Plan B and the Magic Button

July 12, 2011 – 8:45 am

Right before a drunk driver slams into a light pole, he must think, “I wish I had more time.”  With just 10 seconds, he could stop the car, whip out his cell phone and call a cab.  If only he had a magic time warp button! Our drunken sailors in D.C. have the opposite problem: they read more »

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debt ceiling Tax Reform

Theory of Inverse Impoundment

July 7, 2011 – 8:32 am

Pundits on the left have urged that President Obama has an upper hand in the debt ceiling fight because President Obama can simply raise the debt ceiling by executive order.[1]  Unfortunately for the hopeful left, Article I Section 8 of the Constitution grants Congress exclusive power to “borrow money on the credit of the United States.”[2][3]  read more »

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