Thomas R. Eddlem
The anti-tax foundation Americans for Tax Reform has labeled the end of the Bush-era tax cuts that are scheduled to expire at the end of this year — in conjunction with the start of new taxes, such as those brought on by ObamaCare mandates — "Taxmageddon," but would the tax increases built into the law by Congress actually be a catastrophe for the economy, keeping in mind that automatic spending cuts are set to begin as well?
The U.S. Customs and Immigration Enforcement Agency (ICE) has a federal contract out to bid for 200 million rounds of automatic weapons ammunition for its agents, a figure that represents about 10,000 rounds for each of its 20,000 employees.
Longtime Ron Paul for President campaign aide Jesse Benton announced September 13 that he would take a job working on the reelection campaign of Senate Majority Leader Mitch McConnell. Benton's choice of McConnell drew criticism from many libertarian-leaning activists who had supported the Ron Paul campaign, as McConnell had been the major force behind trying (unsuccessfully) to stop Ron Paul's son Rand from being elected to the U.S. Senate from Kentucky in 2010.
The Founding Fathers’ words are being used to vilify corporate political campaign messages, but the historical record condemns the condemners and shows that the Founders supported free political speech.
Free-market financial analyst, author and radio talk-show host Peter Schiff made some waves online with his baiting of delegates at this week's Democratic National Convention. Schiff, microphone in hand, trotted down to the DNC confab in Charlotte, North Carolina, and asked delegates to agree to a platform change to ban all corporate profits. About half of those filmed on his YouTube video, which already has more than half a million views in just a few days, did agree.
Federal Reserve Chairman Ben Bernanke signaled that the Fed would return to another round of “quantitative easing” (QE) in his August 31 annual address from Jackson Hole, Wyoming, a speech that also claimed economic success for the Fed's past two QE purchases of federal debt securities.
The Republican National Committee tentatively ruled to strip Texas Congressman Ron Paul of half of his delegates to the Tampa national convention next week.
Paul came in a close second to Romney in the February/March county caucuses (the vote difference was less than 200 votes, less than two percent of the total), but Paul supporters were able to organize and gain the upper hand in the May state party convention that actually selected the delegates.
When Americans vote for president this November, their choices will not be limited to the standard-bearers of the two major political parties.
Many Washington conservatives swooned when presumptive GOP presidential nominee Mitt Romney picked seven-term Wisconsin Congressman Paul Ryan as his vice presidential running mate, but Ryan has a long history of supporting multi-billion dollar taxpayer bailouts of giant corporations.