APNews, Tuesday, May 22, 2012
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession.
The Congressional Budget Office report says that the economy would shrink by 1.3 percent in the first half of next year if the government is allowed to fall off this so-called “fiscal cliff” on Jan. 1 _ and that the higher tax rates and more than $100 billion in automatic cuts to the Pentagon and domestic agencies are kept in place.
There’s common agreement that lawmakers will act either late this year or early next year to head off the dramatic shift in the government’s financial situation. But if they were left in place, CBO says it would wring hundreds of billions of dollars from the budget deficit that would “represent an additional drag on the weak economic expansion.”
CBO projected that the economy would contract by 1.3 percent in the first half of 2013, which would meet the traditional definition of a recession, which is when the economy shrinks for two consecutive quarters. “Such a contraction in output in the first half of 2013 would probably be judged to be a recession,” CBO said.
May 22, 2012 | Categories: 2012 Election, Agency Regulation, America's Freedoms, America's National Security, Armed Forces, Balanced Budget, Class Warfare, Congress, Constitutional Responsibilities, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Electorate, Employer Uncertainty, Energy and Oil, Federal Reserve Bank, Government, Government Regulations, GSE, Healthcare, Housing Crisis, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, National Debt, National Security, New Media News, Politically Intentioned Crisis, Politics, POTUS Deception, POTUS Elibility Issue, Progressives pushing for Marxism/Socialism, Propaganda, Radical Liberal Progressive Left, Redistribution of Wealth, Senate, TEA Taxed Enough Already, The Economy, Undermining Constitution, Unemployment, Unfunded Union Pensions, UNION Corruption, UNIONS ACORN and SEIU, VOTER FRAUD, Wall Street - Main Street | Tags: Business, CBO, economy, expiring tax cuts, government, Majority leader Harry Reid, Obama, politics, raising taxes, REFUSE TO ACT, US falling off "fiscal cliff', WARNING, White House | Leave A Comment »
FoxNews.com | Associated Press
Published October 25, 2010
AP – Oct. 19: Claude Rwaganje, a resident of Portland, Maine, for more than 13 years, speaks at a news conference. Portland residents will vote in November on a proposal that would give legal residents who are not U.S. citizens the right to vote in local elections.
PORTLAND, Maine — Like his neighbors, Claude Rwaganje pays taxes on his income and taxes on his cars. His children have gone to Portland’s public schools. He’s interested in the workings of Maine’s largest city, which he has called home for 13 years.
There’s one vital difference, though: Rwaganje isn’t a U.S. citizen and isn’t allowed to vote on those taxes or on school issues. That may soon change.
Portland residents will vote Nov. 2 on a proposal to give legal residents who are not U.S. citizens the right to vote in local elections, joining places like San Francisco and Chicago that have already loosened the rules or are considering it.
October 25, 2010 | Categories: America's Freedoms, Constitution, Elections Politics, Immigration, Most Americans Reject Socialism, National Security, New Media News, Political Incompetence, Politics, Radical Liberal Progressive Left, Undermining Constitution, UNIONS ACORN and SEIU, VOTER FRAUD | Tags: Barack Obama, Culture of Corruption, Democrats stealing elections, Marxists in the White House, mid-term elections, Most Americans Reject Socialism, nonk-citizens vote, politics, voter fraud, WARNING | 1 Comment »
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June 11, 2010 | By Amanda J. Reinecker
“The idea that the Constitution is somehow dated and less relevant today is outrageous,” opines The Heritage Foundation’s Brandon Stewart. “The simple, noble principles enshrined in the Constitution have never been more relevant than they are today.” Unfortunately, many on the left have taken issue with this fact.
Consider Wilder Publications, publisher of a recent anthology of Founding texts, including the Constitution and the Declaration of Independence. This “book” comes with a printed disclaimer stating that these self-evident truths may not be so true any longer. Reader beware!
This is utterly ridiculous. These ideas are not dangerous; they’re liberating. These values don’t expire; they’re eternal. These truths are not exclusive; they’re universal.
June 30, 2010 | Categories: Elections Politics, Government, Most Americans Reject Socialism | Tags: "We Stil Hold These Truths:", American Revolution, Americans reject Socialism, Declaration of Independence, don't ignore it, Heritage Foundation, outrageous disclaimer, progressive liberal left, progressivism is WRONG for AMERICA, still relevant, The Constitution, U. S. Constitution, United States, WARNING, warning is un-lawful, We the People!, Wilder Publications | 2 Comments »