An easy way to balance the budget without tax increases

October 5, 2010

The current deficit of the United States -the difference between the federal government’s expenditures and its revenues- is roughly 1.3 trillion dollars, according to the Department of Commerce. That’s how much the government has to borrow in order to finance crucial services, such as Barbara Boxer’s research trips. Members of the Statist Democratic Party tell us that the only way to close this deficit is to raise taxes, whether through higher levies on “the rich” (the definition of which is rather broad) or some form of a value-added tax on top of everything else, or a combination of both.

Dan Mitchell of the Cato Institute calls “bull” on this. In this short video, he shows how one could easily balance the budget by doing something almost unheard of in Washington: showing some restraint.

In earlier years, even the minimal method Dan recommends would have been almost unthinkable, let alone eliminate whole departments of the government. But, if the elections next month and in 2012 turn out to be the true populist, anti-establishment wave that it seems to be building into, we may yet see some restraint at least in Washington’s wastrel ways.

(Crossposted at Sister Toldjah)


Obama lied, your insurance coverage died

October 5, 2010

Remember when Nancy Pelosi said Congress had to pass the health care reform law so we could find out what’s in it?

Surprise! 

Congratulations, 3M retirees! Thanks to ObamaCare, you’re getting dumped from your company health plan:

3M Co., citing new federal health laws, said Monday it won’t cover retirees with its corporate health-insurance plan starting in 2013.

Instead, the company will direct retirees to Medicare-backed insurance programs, and will provide reimbursement for that coverage. It’ll also reimburse retirees who are too young for Medicare; the company didn’t provide further details.

The company made the changes known in a memo to employees Friday; news of the move was reported in The Wall Street Journal and confirmed Monday by 3M spokeswoman Jackie Berry.

In its memo, the company said the new health-reform act would create new opportunities for people in their 50s and 60s to find affordable insurance.

But… But… But the President said people could keep their insurance coverage if they liked it…

Of course, 3M is doing what any rational business would do when government creates new costs for them: evaluate the expense and decide what is in the company’s best interests: cut it or keep it. That’s just commonsense, something anyone with a basic knowledge of economics and business would know, which lets out the entire Obama administration and the congressional Democratic caucus. Meanwhile, the “little guy” the Democrats profess to care so much about gets to explore the wonders of Medicare and its shrinking pool of doctors…

And, gee, the election is less than a month away, and retirees tend to vote in large numbers. You don’t think they’ll remember this in the ballot booth, do you?

Oh, yes, they will. You betcha.

LINKS: More at Hot Air.

(Crossposted at Sister Toldjah)


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