fiscal responsibility
Is Obamanomics a better strategy than Reaganomics? PART 2
By Tom Quiner President Obama is the anti-Reagan as I pointed out in yesterday’s Quiner’s Diner post. His economic policy is pretty much the opposite of the path taken by Mr. Reagan. So the bottom line is the bottom line. How do results compare? When Ronald Reagan took office, the misery index (the unemployment rate…
Read MoreIs Obamanomics a better strategy than Reaganomics?
By Tom Quiner The economy was in shambles when Ronald Reagan took office, much worse off even than when Barack Obama took office. The misery index, which adds the inflation rate to the unemployment rate, stood at one of its all time highs at 19.33 when Mr. Reagan took office. By contrast, it stood at…
Read MoreIs $278,000 per job a good taxpayer investment?
By Tom Quiner [youtube=http://www.youtube.com/watch?v=3JDT5vBQQr8&feature=player_embedded] Here’s what the White House Council of Economic said on Friday. The President’s economic stimulus plan added or “saved” about 2.4 million public and/or private jobs. The price tag to taxpayers? $666 billion. Some quick math reveals that the President’s stimulus plan cost taxpayers $278,000 per job created or “saved.” Does…
Read MoreDay 769 in Democrat’s refusal to pass a budget
By Tom Quiner The Senate is supposed to pass a budget each year. Harry Reid’s Democrats have refused to do it for over two years. There’s a reason why: you’re going to have to take some political heat when you actually put your fiscal blueprint down on paper. Some people think you’re spending too much…
Read MoreSenatorial arrogance
By Tom Quiner Why did Republicans make such historic gains in the election of 2010? Would you agree that Federal spending was surely one of the top three reasons? Most would say it was the single, biggest issue worrying voters. As a result, Democrats lost the House. As a result, Democrats lost Senate seats. As…
Read MoreWhy America’s debt must be addressed now
By Tom Quiner I spent a couple of hours with my financial planner yesterday. Something struck me: baby boomers like me can really be hurt if America’s indebtedness isn’t addressed quickly. And if Baby Boomers run out of money, our kids could be wiped out because there are so many of us Baby Boomers they’re…
Read MoreFormer CBO Director slams the President’s budget
By Tom Quiner I have a love-hate affair with the Congressional Budget Office. I appreciate their independence. They beat up on Republicans and Democrats alike. I think they sometime miss the mark in their projections, though, because they utilize static, rather than dynamic, economic projections. In other words, they don’t acknowledge that tax increases (or…
Read MoreWhat happens when one party controls the purse-strings?
By Tom Quiner [youtube=http://www.youtube.com/watch?feature=player_embedded&v=BH91X-5X40Q] What happens when one party controls the ability to spend taxpayer’s money too long? California happens. Democrats have controlled the legislature since 1996. According to WikiAnswers: “They have been in complete control of setting the legislative agenda and appointing the membership of every legislative committee, including those that deal with health…
Read MoreWhat’s the solution: higher taxes or spending restraint?
By Tom Quiner The Tea Party movement deserves credit for changing the entire national debate on fiscal accountability. More than ever, our two political parties are debating paths to deficit reduction. Republican Congressman, Paul Ryan, has outlined a detailed plan to fiscal sanity by calling for spending restraint. President Obama, after escalating spending to unprecedented…
Read MoreThe time is right for Gingrich but not Christie
Timing is everything in politics. The time is right for Newt Gingrich to pursue the presidency. Let’s respect Governor Christie’s wisdom and let him finish cleaning up the mess he inherited in New Jersey. His day will come.
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