The specter of terrorism, especially on the American homeland is very frightening. These fears are especially acute in the immediate aftermath of a terrorist attack such as the bombing near the finish line of the Boston Marathon on Monday.
More recently and prior to this latest attack, however; according to a recent Gallup poll, terrorism received 0% when asked about America’s greatest problem. Sen. Mitch McConnell said in response to the mathon bombing: “I think it’s safe to say that, for many, the complacency that prevailed prior to September 11th has returned. And so we are newly reminded that serious threats to our way of life remain.”
Is Sen. McConnell right? Have Americans become complacent to these “serious threats”? Are Americans to blame for failing to be vigilant? Should we demand the federal government “do something” more to protect us?
Yesterday afternoon, details came out of a proposal that the White House had made to House Republicans over the so-called “fiscal cliff.” In the proposal, President Obama asked for $1.6 trillion in tax hikes. As you might imagine, that was far too high a price:
The White House is seeking $1.6 trillion in tax increases up front, as well as $50 billion in additional stimulus spending, as part of any “fiscal cliff” deal, Republican aides said Thursday as talks aimed at averting the economy-rattling cliff turned testy.
President Barack Obama also wants a permanent increase in the federal debt ceiling, a one-year expansion of jobless benefits and an extension of the payroll tax credit, these aides said.
The latest proposals were presented by Treasury Secretary Timothy Geithner, who visited Capitol Hill Thursday to discuss the fiscal cliff with leaders of both parties.
After Geithner’s visit, Republican House Speaker John Boehner publicly lambasted the Obama administration, saying “the White House has to get serious.”
Some spending cuts were included in the proposal, about $400 billion over 10 years — ranging from farm subsidies to postal service costs. However, the White House wants an additional $50 billion for infrastructure spending.
None of this is going to happen; nor should it happen. House Speaker John Boehner, as well as some other Republicans in both chambers, have already signaled a willingness to bend on tax revenues, a prospect met with dismay and derision amongst conservatives and libertarians (myself included).
The rise of the Liberty Movement has had a strong impact on American politics. The 2010 mid-terms and primary races in the current cycle have showed that the grassroots base is not going to stand silently by while the Republican establishment chooses politics over principle.
Some have explained that the Liberty Movement is in the midst of a “hostile takeover” of the GOP. And while we have seen overwhelming success — far more than pundits predicted, there are constant reminders that the establishment is trying to leave its mark on our movement.
Perhaps the best example came yesterday with news of Jesse Benton, who served as chairman of Ron Paul’s presidential campaign, signing on to run Senate Minority Leader Mitch McConnell’s re-election in 2014.
“Jesse is literally the best in the business at building and organizing conservative grassroots movements, and I’m thrilled he’s chosen to return to Kentucky to lead my campaign,” Senator Mitch McConnell told the Washington Post.
House Republicans have recently put forward a new bill, H.R. 6213, otherwise known as the “No More Solyndras Act.” It was passed by the House Energy & Commerce Committee on August 1st, and sounds quite promising when you consider the colossal mistake that Solyndra, supported by federal loans, was. It’s estimated that taxpayers will lose over half a billion dollars on Solyndra, which went bankrupt last year. Preventing that from happening again is a great idea.
Unfortunately, the Republicans backing this bill are not really saving you from another Solyndra, or Beacon Power, or Abound. For the “No More Solyndras Act” leaves a gaping hole—as in, everything before December 2011 is still totally cool.
See, it’s “No More Solyndras,” not “No Solyndras.” As the text of the bill makes plain, the Act only prevents new applications from new companies, not applications from ones “grandfathered” in:
That’s a tweet from Roll Call Senate reporter Niels Lesniewski just after breakfast this morning. Instead of taking up annual appropriations, a rudimentary function of annual fiscal business in Congress, Senate Democrats are instead choosing to attempt to squelch political participation before the November elections.
As expected, President Barack Obama rolled out his budget proposal for FY 2013, which, as we noted yesterday, comes with a $1.33 trillion budget deficit. As you can imagine, there is a lot to parse through it the proposal, which has been all but declared dead-on-arrival in Congress.
Some of the budget proposals are familiar. President Obama is once again pushing tax hikes on individuals earning more than $250,000 — more than the millionaires and billionaires he so frequently targets. James Pethokoukis has a run down of the tax hikes in the budget:
Obama’s new budget isn’t about economic growth or cutting debt or creating a “built to last” economy. The Obama campaign is built around the idea of reducing inequality. So in his budget, Obama takes the populist whip to the wealthy and to business:
1. The top income rate would be raised to 39.6 percent vs. 35 percent today.
2. Under the “Buffett rule,” no household making over $1 million annually would pay less than 30 percent of their income in taxes.
3. Between now the end of a second Obama term, Obama proposes $707 billion in “net deficit reduction proposals.” Of that amount, only 16 percent is spending cuts.
4. The majority of small business profits would be taxed at 39.6 percent vs. 35 percent today.
5. The capital gains rate would rise to 25.0 percent (including the Obamacare surtax and deduction phase out) from 15 percent today.
6. The double-tax on corporate profits (including dividends) would increase to 64 percent based on the statutory corporate tax rate (58 percent using the effective tax rate), easily the highest among advanced economies.
As August 2nd approaches, stipulated by Treasury Secretary and tax cheat Timothy Geithner as the date when the U.S. will reach its statutory debt limit, our illustrious president, Barack Obama, becomes more and more unhinged. From highly partisan, contemptuous and fact-challenged press conferences, to his angry and petulant exit from a meeting with Republicans on the issue, it is clear that Obama is feeling the pressure. This is compounded by the fact that the historically weak-willed Republicans seem shockingly willing to be proven vertebrates, and actually refuse to back down on principle (Senate Minority Leader Mitch McConnell’s recent suggestion to completely abdicate constitutional duty and give all power to the president notwithstanding).
From class warfare rhetoric about tax breaks for corporate jet owners (signed into law by Obama in the 2009 stimulus bill, and less than a rounding error on the federal budget) to fear mongering the elderly to think Social Security checks will not go out, nothing is beneath this integrity-challenged president in his quest for power. He tirelessly repeats his Marxist mantra of needing to get “millionaires and billionaires” to “pay their fair share” and be a part of the “shared sacrifice”, despite the fact that the top 1% of all income earners (a group starting at $380,354/year and including millions of small businesses that file taxes under personal returns…hardly millionaires and billionaires) paid 38% of total tax revenue, while the bottom 50% paid only 2.7%. The top 5% starts at $159,619 and accounts for 58.7% of taxes paid.
So Senator Mitch McConnell has released a “solution” to the debt ceiling crisis. Jason has already jumped on this topic, but I feel the need to add my own two cents. For me, the crucial portion of this non-solution is that it gives additional power to the White House, and perpetuates a seeming tradition of Congress abdicating responsibility that we’ve seen over the past decade.
The entire deal punts the debt and spending over to the President. Essentially, he decides to raise the debt limit. While Congress can pass a “bill of disapproval” with a two-thirds majority, the President can simply veto, which would then require a 2/3 vote to override. The plan would also require the President to make spending cuts roughly equal to the increase in the debt limit (as I understand it.) Yet there is no enforcement mechanism that I can see to ensure he does so. What would Congress do if he raised the debt limit with no corresponding cut in spending? Stamp their feet? It might be all they can do.
Haven’t we seen enough power consolidated in the Oval Office yet?
I mean, the President can assassinate people with a drone without so much as a whoopsie-daisy; have anyone imprisoned on suspicion of terrorism and interrogated; can have a lovely jaunt off to war and only send Congress a politely-worded letter; formulate budgets and tax policy while merely requesting Congressional approval; through executive agencies and department make and enforce law without a vote; and now we’re going to give him the power to unilaterally raise the debt limit with requirements that are so wishy-washy they make Natty Light look good?
During Rand Paul’s campaign to become Senator from Kentucky, he held a few positions that gave some of his father’s supporters pause. Specifically, his disagreement with Ron over the issue of criminal trials versus military tribunals was a point of contention making it difficult for some to back his candidacy without trepidation. Rand thought we should keep the tribunals while Ron was vehemently opposed to any trial that didn’t give the accused the best protection of his rights.
After this past week, It probably isn’t far fetched to say that any trepidation one may have had about Rand Paul’s commitment to the principles of freedom has vanished.
Paul managed to single-handedly take control of the Senate chambers in a heroic attempt to move the Senate to consider and debate the Patriot Act - something shockingly absent since it’s first passage. In fact, in 2001, when the Patriot Act was first introduced, a single Senator read the bill before casting a vote. The vote cast was a resounding “NO” by Russ Feingold, coincidentally, the only vote recorded in opposition to the bill.
Rand’s efforts were unsuccessful if you deem passage of the Act’s extension the sole measure of success. However, Rand did far more than capture the imagination and attention of the country for a suspenseful 36 hours, 7 of which were spent on the Senate floor.
Senator Joe Lieberman (I-CT), the former Democratic Vice Presidential candidate with Al Gore and ardent John McCain supporter, is considering a move to the GOP. According to this story from Politico, Senate Minority Leader, Mitch McConnell (R-KY) has approached Lieberman and discussions have taken place.
Senate Majority Leader, Harry Reid (D-NV), is apparently upset at Lieberman’s support for McCain which was cemented with his speech at the Republican National Convention in September. Lieberman, who has served in the Senate since 1989, had to run as an independent in 2006 after losing in the Democratic primary. He has continued to caucus and align himself in the Senate with the Democrats.