By Jay Sekulow
The left's outrage over the IRS turns to a plea to 'move on'
Independent voices from the TWT Communities
Washington has given up on fundamental tax reform. That leaves it up to the states to experiment with better ways of funding government operations.
Tax revenue in 2013 will be lower (despite the just passed tax increase), and government spending will be higher than forecast. It's an easy prediction -- and this is why.
In times past, political leaders would lay out their domestic and foreign policies in clear, coherent terms. President Obama talks about getting our fiscal house in order but fails to propose any meaningful spending cuts.
The national debt vaulted past the $16 trillion mark two weeks ago, but there's no sign of a slowdown. The federal government is entering the fourth straight year in which it has spent $1 trillion more than it collected in revenue. An imbalance so large can't continue without threatening America's future.
President Obama's policies are, it can also be said at long last, a dismal failure. He has been in office for 30 months, so his agenda, with the help of a sympathetic Senate, has been, for the most part, enacted. And things have gotten worse.
Something unexpected happened along the president's breezy cruise to re-election. "No drama" Obama is suddenly looking about as calm as Jerry Lewis in a French film, about as brave as Ted Kennedy after an evening drive through Chappaquiddick. Witness Team Obama's recent panicky behavior.
The likelihood that Treasury Secretary Timothy F. Geithner may resign from his post later this summer is the latest sign that President Obama's team of economic advisors is disintegrating as the economy grows weaker.
One indicator of additional economic disaster looming over the land of the free and the home of the brave is the number of highfalutin economists who are deserting the Obama administration ("Goolsbee exit comes at tough time for Obama, economy," Web, June 7).
President Obama's chief economist is departing as the administration's nearly trillion-dollar recovery is losing steam and Mr. Obama concedes that lackluster job growth could become a trend.
President Obama's chief economist, Austan Goolsbee, will step down later this year to resume his teaching post at the University of Chicago in time for the fall semester, the White House announced Monday night.
President Obama's chief economist, Austan Goolsbee, will step down later this year to resume his teaching post at the University of Chicago in time for the fall semester, the White House announced Monday night.
The White House has seen a stunning pre-election exodus of high-level staffers, culminating in the departure over the last two weeks of President Obama's chief of staff and national security adviser.
In yet another pre-election departure for the White House, President Obama announced Friday that his national security adviser, Gen. James Jones, is stepping down and will be replaced by deputy Tom Donilon.
President Obama is set to lose another key member of his inner circle as signs point to a Friday departure for White House Chief of Staff Rahm Emanuel, who's expected to announce a run for Chicago mayor after serving as Mr. Obama's top aide for nearly two years.
Woodward book: Aides doubt Obama Afghan strategy
Mrs. Romer admits entitlement growth is the "central problem" but, like the president, resists attempts to implement any structural reform in Social Security or Medicare.
"The basic idea that if you increase government spending or you cut people's taxes, that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook; thats what we teach our undergraduates, and I certainly try to teach them the truth," she said. "It is a very known and accepted idea and fact and the empirical evidence is definitely there — and people just want to say the sky is green."
CURL: 'Re-elect Obama — more debt than all 43 presidents before him' →
