2011's Tax Time Bomb Set to Go Off

President Obama will soon meet with the congressional leadership of both parties to reach some agreement about whether or not several critical tax rates will suddenly increase on Jan. 1. He says his "first priority is to make the middle-class tax cuts permanent." Those words conceal a well-crafted trap for Republicans.

The president can't possibly make any tax change permanent, since his term of office ends in two years. The lame-duck Congress can't possibly bind even the next Congress, much less all future ones.

Read the rest of the article by Alan Reynolds

At Cato.org.

Alan Reynolds, a senior fellow with the Cato Institute, is the author of Income and Wealth (Greenwood Press 2006).

Filed by Grant Davies,
Regular Columnist, THL
Articles | Author's Page | Website

Were The Founding Fathers Aided By Aliens?

Photo: Sebastian Bieniek, Dollarfaces https://www.b1en1ek.com/works/bieniek-paint/2015-dollarfaces/

The American Tea Party 2009: Goals, Objectives, and Principles

Image by André Karwath ( CC ) I do not presume to be the mouthpiece or leader of the 21st century American Tea Party movement, so the following is a summary of my personal vision for the modern American Tea Party, a list of objectives I believe it should seek to accomplish, and a set of principles I believe it should strive to embody. I am writing this because the Tea Party movement will fail to create real change unless it finds direction in sound principles and takes specific, practical steps to ensure the implementation of those principles in public policy. I. Principles Any political movement is doomed to failure so long as it is merely fighting for a particular, isolated policy preference or even a set of such preferences, absent of any context and underived from or related to a unified framework for viewing reality, humankind's role in reality, and government's role in humanity. The following (originally published in the Dec. 2008 article " Six Reasons Not To Bailo...

Ron Paul’s Devious Plan to Steal the Presidency

This is an absolute hoot! Ron Paul hating Republicans are in panic mode. The website Hillbuzz.org includes in its blogroll Ann Coulter, Michelle Malkin and Conservatives4Palin. Hillbuzz is so utterly revolting that I may just have to subscribe to its updates. Up until yesterday, I really hadn’t taken the Ron Paul campaign very seriously. Most non-Paul voters probably felt like I did, and laughed him off as that “kooky Uncle” who didn’t have a chance in hell to win the Republican nomination for President. Well, I’ve changed my mind. Big time. Yesterday I attended the Republican organizational convention for my Senate district here in Minnesota, and what I witnessed was an organized take-over of our nomination process by Ron Paul cultists. They came to this convention with the sole intent to take over as many of the delegate seats as they could, and sadly, they succeeded. Read the rest here Hillbuzz

The Humble Libertarian original

Search This Blog