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

Obama keeps pushing the bipartisan religion of interventionism

Michael Scheuer is deadly accurate - foreign interventionism is a bipartisan religion (or disease, whichever you prefer). Too often, I believe, Americans think about Washington’s interventionism only as the actual physical intervention of U.S. military forces abroad in places where no U.S. interest is at risk. That activity certainly is intervention, but President Obama’s despicable decision last week to have his administration leak intelligence claiming that Israel has concluded an agreement with the government of Azerbaijan to allow its use of Azeri airfields for an air strike on Iran is just as much an unwarranted intervention by the United States government. Readers of this blog will know that I carry no brief for Israel, that I believe it is a state that is irrelevant to U.S. national interests, and one whose U.S.-citizen supporters are disloyal to America and involved in activities that compromise U.S. security and corrupt the U.S. political system. That said, Israel — l...

How Thorough a Brainwashing

Saw this on Facebook: Left this comment: It's more thorough of a wash job than that. They don't just believe they are not brainwashed, the question has never occurred to them and as long as they keep reading TIME and watching MTV, it's *impossible* for the question to occur to them. Oh brave new world, that has such people in it. EDIT: And one more thing-- don't ever stop considering what questions it is currently impossible to occur to you . This is what I've been thinking about a lot lately and I'm worried just how large and numerous my own blindspots are. The only solution is to be as intellectually curious as possible. To learn voraciously. To read things that challenge us. To read things that are hard for us to understand and then try to understand them. To expose ourselves to ideas far removed from our present culture and place on the timeline. Read old books. Read foreign books. Turn off the TV. You have already absorbed its biases and blindspots. ...

How To Gain More Twitter Followers

Earlier today, I wrote : "My goal is to write a book before the end of March. My goal is to spend no more than a week from start to publication, spending as much time as I need in order to get it done during that week. My goal is to give it away to you for free here on HumbleLibertarian.com. What's a goal you have? Something you may have been putting off for years? Something you could accomplish in one month if you were determined? If it's near-term enough of a goal, and specific enough of a goal, and you share it in the comments below, feel free to tell me how I can help you and I'll do whatever I can. If it's a libertarian / news / politics-related goal, my manner of help would be easy to determine. I could promote it, introduce you to someone via email, (etc.). If it's something apolitical like quit smoking cigarettes, start exercising, learn guitar, start a business, gain more Twitter followers, learn another language, eat a paleo diet, or...

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