Republicans talk loudly about the importance of deficit reduction; they claim to be the party of fiscal responsibility; unfortunately – their proposals don’t match their rhetoric.  The House GOP budget doesn’t balance until sometime after 2040 in large part because it’s much a deficit reduction budget than it is a cut taxes for the rich [...]

For the past four years since the collapse of the banking industry during the Bush economic crisis – Republicans have been borrowing economic theories and proposals from former Republican President Herbert Hoover.  They have been advocating for significant cuts to government spending while in the middle of a financial crisis; Republicans tried that in 1929 [...]

The International Monetary Fund analyzed the impact of tax cuts vs. increased government spending for 6 countries – Canada, France, UK, Germany, Japan and the U.S. over the course of various events in history to understand what worked and what didn’t; they wrote a working paper on their findings HERE.  Their study found that different [...]

The Republican party is starting to realize their goose is cooked on the issue of tax cuts for the wealthy; President Obama has shown resolve and an unwillingness to extend the Bush tax cuts for the wealthiest Americans after the 2012 election.  No matter what Republicans do – they will not be able to stop [...]

This infographic comes courtesy of ABC News HERE.  If you don’t know about the fiscal cliff – you should read this HERE.

A few days ago – President Obama presented his plan to avoid taxes for every American going up on January 1st – the Republicans said “it was not a serious offer” because it’s essentially what President Obama ran on.  John Boehner was “flabbergasted” by the offer (source).  So – the Republicans finally came out with [...]

As we wrote about HERE – domestic oil production in the U.S. is at its highest point since 1994.  We often hear about the North Dakota miracle as it relates to domestic oil production but wouldn’t ya know …. Texas is back in the oil game and big.  And notice … this take off started [...]

House Speaker John Boehner (R-OH) spoke to Chris Wallace on Fox News Sunday where he explains how he was “flabbergasted” with the proposal that President Obama presented to the House Republicans during their negotiations to avoid the “fiscal cliff”.  In the world of conservatism – you’re only serious when you are discussing cutting Medicare, Social [...]

Sit back and relax, this is going to take a while. It’s always been doubtful that the White House and congressional Republicans would reach a quick agreement to head off the end-of-the-year “fiscal cliff” — and as of today…. it looks even less likely.  The #1 solution to our economy is GROWING the economy.  Europe has [...]

There has been a whole lot of uncertainty lately with the unanswered questions about the fiscal cliff and whether or not Republicans and Democrats can agree on a way forward post-election.  That is creating uncertainty in the markets and things are not at optimal levels in great part because of political gridlock.  Until we see [...]