Eight cents out of every federal non-defense dollar represents a
transfer from taxpayer to recipient. Entitlement transfers do not
require annual Congressional approval. They can be changed only by
entitlement reform, which is not on the table. We cannot, therefore “shut down” a federal government whose primary business is income redistribution.
go to forbes,com
Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
Showing posts with label entitlements. Show all posts
Showing posts with label entitlements. Show all posts
Thursday, October 3, 2013
Wednesday, January 2, 2013
Republicans Must Play to Win the Long Game
If Obama had come clean with the American public on his intentions, Mitt Romney would be President of the United States.
Obama won the election by falsely claiming, among other things, that our fiscal problems would be resolved if the rich just paid their fair share. The fiscal cliff skirmish showed otherwise, to no one’s surprise. To cite an influential Obama supporter: “Raising rates on the top 2 percent was never going to be enough anyway.” (I thought taxing the top 2 percent was supposed to solve our problems.)
go to forbes.com
Subscribe to:
Posts (Atom)