Archive for the ‘Tax/Budget/Spending’ Category

A Brief History of the Double-Dip Recession

08/05/2011 – By Kerry Wood Is it just me or is anyone else getting tired of the liberal media’s ANNUAL double-dip recession talk? What does double-dip recession even mean? The definitions are all over the map, depending on who you listen to, but in general it is a return to a recession after a short-lived [...]

August 5, 2011  Tags: , , , ,   Posted in: National, Tax/Budget/Spending  One Comment

Orphan Earmarks … THAT’s what I’m talking about!

I’m SO glad to see this!!! In January I put up this blog posting about the millions? billions? of dollars that are tied up in earmarks that were once appropriated but never spent. There was an effort to resolve this, but it died in the Senate. In a press release today, Senators Coburn and Begich [...]

February 4, 2011  Tags: ,   Posted in: Tax/Budget/Spending  No Comments

Co-sponsors of the “Audit the Fed” bills

Jeremy points out that Trey Gowdy does not yet appear on the list of co-sponsors for HR 459 and Lindsey Graham does not yet appear on the list of co-sponsors for S 202. It may be they are working on getting on the list, but it wouldn’t hurt to have a few phone calls/emails supporting [...]

January 30, 2011  Tags: , ,   Posted in: Tax/Budget/Spending  No Comments

Loftis to sue NY Bank over fund losses

John O’Connor at The State reports that SC State Treasurer Curtis Loftis: … has filed a lawsuit against a New York bank, arguing its risky investments violated a state contract with the state to invest conservatively and cost South Carolina $200 million in losses. “Our contract called for investments limited to conservative, high-quality instruments,” Loftis [...]

January 27, 2011  Tags: ,   Posted in: Tax/Budget/Spending  One Comment

Are Arts a necessity or a luxury?

Joey Holleman writing at HeraldOnline reports that the legislators are hearing from art groups about Nikki Haley’s proposal to cut state money for the S.C. Arts Commission. The Arts Commission received about $2.4 million in state money this year. In her State of the State address, Haley suggested cutting the Arts Commission and ETV, saying [...]

January 25, 2011  Tags: ,   Posted in: State, Tax/Budget/Spending  2 Comments

Selective Shutdown Strategy

Mike Gamecock Devine posting at Redstate has one of those nuts and bolts postings about the options to what he calls the “debt ceiling bluff.” This is a discussion is a bit above my head … math and all … but with all the struggles about whether to raise or not, this is a GREAT [...]

January 17, 2011  Tags: , ,   Posted in: Tax/Budget/Spending  No Comments

GOP will win the debt-limit fight

There are many articles and opinions going around on this issue, as well as deeply held convictions by tea party/liberty group individuals. Marc Thiessen at the Washington Post writes the article that makes the most sense to me; I’m predisposed toward it because IMO Marc is one of the smartest out there. Back in 1995, [...]

January 17, 2011  Tags: ,   Posted in: Tax/Budget/Spending  One Comment

List of Tax Hikes in Obamacare

Americans for Tax Reform has put together a comprehensive list of tax hikes in Obamacare, which those of you who are accountants and actuaries and math teachers are gonna understand a whole lot more than I do! It’s actually well laid out … and scary. And maddening. And must be repealed! A few examples: Medicine [...]

January 15, 2011  Tags: ,   Posted in: Health Care, Tax/Budget/Spending  One Comment

Illinois passes 66% tax increase … in the middle of the night

… just hours before new legislators are sworn in. Yep. Illinois, home state to that political cesspool Chicago has really stuck it to their taxpayers. Let’s pop some popcorn, sit back and watch the exodus of middle class taxpayers, the wealthy still left, and of course, businesses. This AP article details the dealings that went [...]

January 12, 2011  Tags: ,   Posted in: Tax/Budget/Spending  One Comment

*ACTION ITEM* Jan 18 Greenville County Council

I’ve posted a few times about the county earmarks (slush fund) that the Greenville County Council has which individual members determine how to spend, and by their handouts of Greenville taxpayers tax dollars to over 20 charity organizations, and various fire depts and police depts (who are already in the budget receiving monies) they are [...]

January 12, 2011  Tags:   Posted in: County, Tax/Budget/Spending  One Comment