The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Renee Ellmers vs. Tim Geithner

Rep. Renee Ellmers of North Carolina was one of the Tea Party’s favorite candidates from last year’s mid-term campaign: Treasury Secretary Timothy Geithner, who has his own issues with paying taxes, explained to Rep. Renee Ellmers (R-NC) why taxes must be raised on small businesses to keep the federal government from shrinking. So what if spending […]

Biden Debt-Ceiling Talks Collapse as Republicans Cantor, Kyl Walk Out

Several weeks of Potemkin “bipartisanship” go down the drain as Vice President Joe Biden and Senate Democrats refused to agree to any debt-ceiling deal that didn’t include tax increases. Jon Kyl has not yet issued a statement, but Eric Cantor explains his exit: [A]s it stands the Democrats continue to insist that any deal must […]

Please Remind Me: Why Was It So Important to Elect Scott Brown?

You guys remember how fired up conservatives were in January 2010, right? I’ve been scratching my head lately: Senate Democrats forced a vote Wednesday on the controversial fiscal plan drafted by House Budget chief Paul Ryan, splitting the Republican caucus . . . Moderate Republican Sens. Susan Collins and Olympia Snowe of Maine were joined by Sen. Scott Brown […]

Rhetorical Question Day at The Corner

by Smitty Steven Hayward and Jonah Golberg have questions, and I have answers. Hayward quotes Kinsley, emphasis mine: If the deficit doesn’t matter, why have any taxes at all? And if there is some point at which the deficit does start to matter, and become dangerous, when is that point if $1.6 trillion isn’t it? […]

What Interest Rate Would You Charge Yourself for a Loan of Monopoly Money?

This is the question posed by the Fed policy of “quantitative easing”: The Federal Reserve’s experimental effort to spur a recovery by purchasing vast quantities of federal debt has pumped up the stock market, reduced the cost of American exports and allowed companies to borrow money at lower interest rates. . . . The Fed […]

The Futility of Class Warfare Rhetoric

Graphic: RushLimbaugh.com via Hot Air Pundit Demonizing the rich may work as politics for Democrats, but the problem is that it fails as policy. One could argue that Americans are undertaxed in general, and that some kind of across-the-board rate increase (or closing of loopholes) is therefore necessary for the purpose of enhancing federal revenue […]

One Can Admire Norquist’s Sadism, But We’re Still Beating Around The Bush

by Smitty To raise the debt ceiling, or not? National Review has a bunch of opinions from the wise guys. I can imagine Sprinklerman listening to Norquist: My preference would be to keep the administration on a short leash and extend the debt limit by only a small amount and for a short period of […]

Tax Day 2011

It is no small irony that Tax Day came late this year because on Friday, Washington, D.C., celebrated “Emancipation Day.” The Lonely Conservative: Isn’t it nice to know that so many of our fellow Americans pay no federal taxes? The Associated Press article linked does not make clear that most of these non-taxpayers are low-income […]

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