One of the political rationales for giving the Obama Administration what it wanted on the payroll tax holiday and unemployment benefits extensions — which will add $101 billion to the debt this year alone and is not paid for — was to avoid another showdown in Washington, D.C. Ironically, in the process, House Republicans may have guaranteed that another controversial issue comes up before the election — the $16.394 trillion debt ceiling.
Read more ›Articles By: Robert Romano
Why Romney Can’t Close the Deal
As the Republican nominating process for president continues to unfold, Republicans continue to render a harsh verdict against former Massachusetts Governor Mitt Romney — the presumptive frontrunner — who lost decisively in three contests to former Pennsylvania Senator Rick Santorum in Missouri, Colorado, and Minnesota. So what has happened?
Read more ›Playing Political Games With Taxes
The fact is, Obama is out of touch when he is more concerned with what Warren Buffett’s secretary pays in taxes than with what it would take to turn the economy around. Raising Buffett’s taxes will not do that. And playing class warfare will not create the millions of jobs Americans need to sustain their families. But it might help Obama get reelected if Republicans are not prepared to counter it with the supply side of the equation.
Read more ›The SOPA Implosion
It is telling that on the same day the Wall Street Journal published a lead editorial in favor of legislation that would censor the Internet in the name of protecting copyright that the bill lost no less than 13 previous backers, who dropped their support of the legislation. What was behind the defections? A flood of thousands of emails and phone calls from concerned Americans, prodded on by super-popular websites like Wikipedia.org that went dark on Jan. 18 in protest of the legislation.
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