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Gov. Bob McDonnell Signs Largest Tax Hike in Virginia History into Law: http://t.co/iENksi7uQi
May 14, 2013 02:01 PM
taxreformer -
IRS tax return preparation invites a conflict of interest: http://t.co/oKvpIofu7Y
May 14, 2013 01:30 PM
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These destructive #Obamacare tax hikes will soon be implemented: http://t.co/opFkyf1guJ
May 14, 2013 01:01 PM
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"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
May 14, 2013 12:30 PM
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"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
May 14, 2013 12:01 PM
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#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
May 14, 2013 11:01 AM
taxreformer -
Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Joe Biden and the "Stimulus": "We Misread the Economy" ... So Let's Do It Again!?
The following is cross-posted at www.fiscalaccountability.org:
As the economy continues to shed jobs, Americans continue to wonder just where those jobs the trillion dollar spending and debt package passed under the guise of economic "stimulus" would bring are. As CNN Money puts it:
a still-worsening economy has many wondering if stimulus is a bunch of baloney.
Stimulus-overseer-in-chief Joe Biden however shrugs the current situation off, simply saying that the administration, like many others, "misread the economy."
However, there wasn't anything to be misread. We and many others have consistently been pointing out that government does not create wealth, it merely moves it around, or, as economist Henry Hazlitt once said:
It [government spending] merely directs labor and capital into the production of less necessary goods or services at the expense of more necessary goods or services.
What's worse, even in light of mounting evidence that the "stimulus" isn't working, Biden refuses to dismiss the possibility of another "stimulus" package, answering George Stephanopolous's question "So, no second stimulus" this past weekend as follows:
No, I didn't say that, ...I think it's premature to make that judgment.
IBD Editorials has a fitting analogy:
This is a little like a medieval barber bleeding his patients to improve their health, then bleeding them again when they fail to improve. At some point we'll all wake up and use modern medicine.
Unfortunately, the barbers in the administration are far from waking up. Better hold on to your wallets, they're going to come back and want to spend more of your money.
