Category Archives: The Fiscal Cliff

Wards of the State

by Bruce Thornton

Defining Ideas

The biggest political problem the United States faces — runaway entitlement costs on track to bankrupt the treasury — is like the weather. Everybody talks about it, but no one does anything about it. Even talking about it can be politically dangerous, as the Republicans learned in November and during the “fiscal cliff” negotiations. They chastised Mitt Romney’s post-election comments about the entitlement “gifts” President Obama promised voters. And the Republican demand that tax-hikes be linked to spending cuts to avoid the “fiscal cliff” was demonized as “holding the middle class hostage.”
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Let the Real Fat Cats Pay Their Fair Share

by Victor Davis Hanson

Tribune Media Services

Who exactly were the rich who, as the president said, were not “paying their fair share”? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)? Neither seems to have heard the president’s earlier warning that, “at a certain point you’ve made enough money.” Read more →

A Nation of Takers Hurtles Toward the Fiscal Abyss

by Bruce Thornton

Frontpage Magazine

The on-going negotiations over avoiding the tax hikes and spending cuts we call the “fiscal cliff” are simply the latest act in a farce of self-serving political denial. For decades now both parties have overseen and nurtured the expansion of the entitlement state all the while ignoring the slow-motion economic implosion whose predictable end can be seen today in a bankrupt Greece currently surviving on EU handouts. Read more →

Moral Equivalence Is Moral Evasion

by Bruce S. Thornton

FrontPage Magazine

The failure of the Congressional budget “super-committee” to address our geometrically expanding debt and deficits should surprise no one. Read more →