The announcement by Standard & Poor's on Monday that it is revising its outlook upward is not only useless but counterproductive.

Obamanomics are to blame for the worst recession since the Great Depression; and the present fake recovery compares poorly with that in the 1920s when the government stayed within its constitutional bounds, reduced taxes perhaps 20 percent of their present level, and let the free market breathe once again.

 

 

 

 

 

 

 

 

 

 

Last week’s show trial of Apple Computer on Capitol Hill ended up being more of an indictment of the Republican Party than of allegedly venal Apple executives accused of tax “avoidance.”

Tax deductions are not subsidies. They don’t have to be “paid for.” Yes, they deprive the government of revenue, but that is essential for a free society in which people are able to keep everything they earn and decide for themselves on what to do with it instead of the government deciding for them.

The Tax Foundation announced that on Thursday, April 18th, the nation as a whole has earned enough money to pay all of its taxes for the year, with some major exceptions.

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