Tag: wages

Fake News: Democrats care about the deficit

In 2006 the deficit was about $248 billion.  Democrats called it unpatriotic.  They said tax cuts had killed the economy and skyrocketed the deficit.  They said America was going to go bankrupt.  Conservatives stayed home, Democrats ran a group of so-called “blue dog” candidates who said they cared about the deficit.

Those blue dogs are gone now.  In 2007 when Nancy Pelosi and Harry Reid came into power and Democrats took over the House and Senate, the deficit had dropped to $160 billion.  Then came the regulation and the spending.  By 2008 when Obama was elected the deficit was up to half a trillion and in Obama’s first year as President the deficit was $1.4 trillion.  Democrats lost Congress in 2010 and as Republicans gained more control the deficit slowly dropped.  In 2013, it was below $1 trillion again.

Democrats don’t care about the deficit.  If they did, they would talk about cutting spending.  Tax hikes have a negative effect on the economy, and a poorly producing economy means less tax revenue.  But Democrats want tax hikes because it allows them to spend more and accomplish their goal of redistributing wealth from GDP producers to their voters.  So if they can use a high deficit to say we need to raise taxes, they will.

How do we know they don’t actually care about the deficit?  Because Democrats view every dollar cut from anything but the military as draconian austerity measures that throw Grandma off a cliff.  They even include that in their advertising.  Democrats, in addition to opposing any non-military spending cuts, have proposed spending that would double our entire US budget.  They want to spend $3.2 trillion a year on universal healthcare and another trillion a year on guaranteed tuition and jobs.  Even if they cut the entire $600 billion military budget and took every penny of the $2 trillion held by America’s billionaires, they would still need to tax every day Americans an additional $2 trillion a year.  Compare that to Trump’s tax cuts that cost $200 billion a year.

The Democrat budget wish list would cost Americans 20 times Trump’s tax cuts.  And there simply aren’t enough dollars in existence in America to pay for it.  Don’t tell me the Democrats care about deficits.

Need to Know 8/2/18

More winning for the Trump economy.  Incomes rose at the highest rate in over a decade this past year.  Generally in an economic recovery wages lag behind.  But with the fast drop in unemployment, it’s become harder to find good workers without paying a premium.  The free market is once again showing that minimum wages don’t need the strong arm of government to go up.

Trump economy gives workers a raise

The Paul Manafort trial is off to a rough start as the judge found himself chastising the prosecution on several occasions.  In one case, they continued to go on about Manafort’s lavish lifestyle before Judge Ellis reminded them that being wealthy isn’t a crime.  At another point, the prosecution teased that their star witness Rick Gates might not testify, eliciting another eruption from the judge.  Gates is thought to be a keystone witness for the case against Manafort.

Prosecution earns judge’s ire hours into Manafort case

Ocasio-Cortez just got snubbed by former President Barack Obama.  Obama released a list of endorsements for the 2018 midterm.  She’s not on the list.  The former President and political godfather may include her in future endorsements, but it’s pretty telling that he wouldn’t include her in the first round.  As Ocasio-Cortez continues to produce more gaffs than Joe Biden, more and more moderate Democrats have let go of her coattails and even openly criticized her.  Personally, I’m rooting for her.  It’s not often you see a Democrat candidate just come out and admit that they want to double taxes in America.

Obama releases list of endorsements, Ocasio-Cortez isn’t on it