November 2011

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Drawing by DonkeyHotey

Rather than do their job, Congress and the President designated a super committee to do it for them. The committee failed miserably.  But what exactly were they shooting for?

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Shovel Ready Jobs? Shove It!

by Bill O'Connell on November 11, 2011

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Photo by shannonpatrick17

First we were told we had to pass the stimulus bill because if we didn’t unemployment would rise to 9%. The good news was that there were hundreds of shovel ready project raring to go. Later we learned that “shovel ready was not as shovel ready as we expected.” $800 billion dollars of squandered stimulus dollars later, unemployment is at 9%. But what about a real shovel ready project that doesn’t need taxpayer dollars?

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Statically Stuck on Stupid

by Bill O'Connell on November 10, 2011

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photo by cliff1066

Just because Democrats are statically stuck on stupid, why do they think everyone else is? What I am referring to is static analysis of changes to the tax code. Democrats always want to have any potential changes statically scored. In other words if Democrats raise rates 10%, naturally, the government will get 10% more revenue. If on the other hand you cut tax rates 10%, a very bad thing, tax revenues will fall 10%. The problem is that they have been proved wrong every time. In other words, Democrats believe that if they raise tax rates you will be too stupid to change your behavior in response.

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The Difficult “9″ of the “9-9-9″ Plan

by Bill O'Connell on November 4, 2011

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Photo futureatlas.com

With several proposals to overhaul the tax code on the table, it will be interesting to hear how the Obama team will respond. In the plans put forth by Cain, Perry, and Gingrich, people grasp the flat tax part pretty easily. With Herman Cain’s 9-9-9 plan, a common sticking point is the last nine, the national sales tax. Whether intentional or not, it seems to me that they don’t understand it.

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Why the Current Tax Code Needs to be Scrapped

by Bill O'Connell on November 1, 2011

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photo by chasingfun

It is no surprise to anyone that we have a government that is out of control with spending. We have the Tea Party and OWS agreeing that crony capitalism is out of control. So what does this have to do with the tax code?

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